Lemonhead1de, I am not defending Management. They have done some things "OK", and some things "not OK".
We are experiencing the short-term pain right now just as I predicted after the June SHM. I am very concerned about the financial condition of the Company as well as the ever increasing share dilution. I am also concerned with Corporate governance and Management's competence in some areas. Although I predicted the pps decline, I am not happy about it.
In fact, as the risk to reward ratio has gotten worse IMO, I sold about a third of my shares a while back to further diversify and reduce the risk to my investment portfolio. I still hold a significant number of Neom shares though.
Neom is a long-term horizon investment play IMO. Mobile marketing is still in its infancy, but all indications are that we are in a "red hot" space right now. We have a diversified mix of high quality product offerings and some very talented Management in select places. Most importantly, qode launch is proceeding largely on schedule. That's why I continue to hold...we are executing to the qode launch plan outlined at the SHM. As mobile marketing matures, we should be able to capture some significant portion of this rapidly expanding market...provided we can survive the present financial crisis. I also believe that eventually we will win the litigation with Scanbuy and that would be a very significant development in further demonstrating the strength of our IP. It is definitely a high risk, high reward scenario right now, and anyone that thinks otherwise is mistaken.
I wouldn't look for significant pps appreciation until sometime in 2007 or beyond. The market needs to see that Neom is demonstrating high revenue growth, has stabilized share dilution, has broken away from the toxic financing of Cornell, and some licensing of qode by a major mobile service provider(s) and a major brand partner(s) before it will reward Neom's share price.
All JMHO.
ss9173
