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Re: None

Thursday, 12/07/2006 5:02:13 PM

Thursday, December 07, 2006 5:02:13 PM

Post# of 326352
Can anyone shed some light on exactly what was gained from our short-lived relationship with Mobot? Did they help us in the development of qode to the platforms that are available today? Weren't we in the process of integrating their technology with ours?

It has been suggested that NEOM is likely to axe the remaining subs. It was posted when sponge was "returned" that this was good because NEOM was simply cutting out the fat (non-performers), but it was also stated at the time that Mobot was one we could not afford to lose. ("marriage made in heaven", I believe)

As someone who doesn't really understand how the subs are (or were) integrated in NEOM's business model, I find it amusing that everytime news related to the subs comes out, that somehow it is good. Was it good that we bought them, or is it good that we are returning them? Can't be both ways.

Most here can agree that our business with the subs has been the primary reason for share price decline (from the year long quiet period for BSDS to the dilution with mobot/sponge/gavitec, etc). Now we seem to be returning everything in an attempt to recover share price. All I'm asking is, did NEOM gain any benefit from the subs at all? And if so, in what ways? It has cost NEOM dearly (pps was around .40 before acquisitions). Now here we sit, happy about .08. Someone please tell me that we got something out of the deal(s) that cost roughly 80% of our share price. Otherwise, let's call it like it is and quit spinning every business decision (sub purchase, sub release, etc) into good news.

I'm trying not to be too disappointed here, but I had just gotten used to the idea that buying Mobot was a good thing, and that we needed their technology. Now it's time to change gears, again.