Funny how there are so many physcological analysts here that have it all figured out, when in reality they dont have a clue.
First of all, contrary to your view or should I say OPINION, there are some owners of stocks, that dispise the senseless pumping, even though they are down thousands of dollars. Maybe you need some more course study on physcology, before attempting to determine someone heres motives, whom you have never met.
Consider for a minute you go out and buy a brand new car, and spend thousands of dollars on it, yet monthly its in the shop for one kind of repair or another. Then you find out theres a forum of some sort where owners of these cars post daily. When you go to that forum and see everyone else there touting how great this car is, arent you going to be a little peeved, even though you spent thousands of follars and in your view have a piece of junk?
So contrary to your view, there are people out there, that can be down thousands of dollars on an investment, and still be concerned that other non suspecting investors dont follow the same fate, because of baseless pumping posts on a message board. Especially when those posters make it clear that the other sides views are not welcome yet that forum is one of only a couple that a new investor has to go to to learn what they dont know how to DD themselves.
As to anyone down thousands of dollars welcoming any kind of encouragement, again you are off base with that assessment as well. Yes that might be true if the encouragement is factual, and will produce something tangible. But to date, all the encouraging new developements posted on this message board have produced nothing in the form of financial stability for NEOM have they?
Matter of fact each quarter their financial status gets grimmer and grimmer, regardles of the thousands of posts here suggesting otherwise. Take this quarter for instance. At the end of the quarter they had 3.1 million in cash, which by now they have spent at least half of that. A month and a half from now they have a payment of 2.4 million to pay to silent partners. In the next 4 weeks they have to spend 1.2 million on new equipment for 1 of the subs. These are immediate cash needs, yet the longs here claim when the launch occurs in the UK the financial problems are over. That statement is so far from the truth its unbelievable. If ONE is the launch there is no telling how much revenue it will generate. Even if it does gennerate revenue, it would be 30 - 60 days beforew that is calculated and paid to NEOM. No one pays on a daily basis, so no matter what model NEOM uses, whether its a flat fee or pay per click, and the program launches in December, NEOM wont see any revenue until late January at the earliest.
Reality is that financial distress, and further dilution are going to be around at least another 12 months. To what extend the dilution will occur is anyones guess, but with the pps where its at now, NEOM will have to issue something to the subs to satisfy the guaranteed share price. All we can do is wait and see at this time.
And lets not forget that NEOM is going to need plenty of cash to defend itself in the patent suit against Scanbuy, something thats not even been mentioned in thisa forum. Anyone think their 3.1 million they had at the end of September is going to cover this and fund their operations? Even NEOM states the 3.1 wont get them past the end of this year. I think they say in the filing that the 3.1 and the fact they are selling the paint business will carry then through December 2006.
Me personally, my anger towards certain posters here far exceeds my anger toward the company. The company isnt posting daily theories or opinions to lure in investors, and then attacking anyone who attempts to genuinly debate their opinions or pie in the sky posts and labeling them as bashers etc. Especially those posters who like myself, have been researching this company for 3 years or more, and know what they are posting at this time is a pipe dream, based on the companies past performance. Those posters in particular, know at this time the company has failed to perform, the financial numbers have gotten worse not better, and at this time are in dire straits financially. Yet unlike the company, they are here posting more fluff day after day, injcting companies into the discussion that have nothing to do with NEOM etc, just to promote NEOM.
Yet not one of those posters point out the latest developements that may be very detrimental to NEOM. Like the fact that MFST has decided to use QR codes in their mobile application. That phone manufactures are now including a built in QR and DATA MATRIX decoder on their phones, thus eliminiating the needs for NEOMs QODE reader for these 2 types of codes, which appear to be becoming the standard codes of choice by the big players in the US. And what about the fact that niether Data Matrix or QR codes involve neopms patent since both codes can contain the url directly embedded in the code, thus not requiring the use of a resolution server as called for in NEOMs patent.
These are the things that should be being discussed here so potential and existing investors get a real picture of NEOMs possible future. Yet the only ones willing to bring up these issues are your so called bashers. Go figure.
AI
