Well, the answer is pretty simple, from where we were yesterday, today's deal with Mobot is definitely a good thing. Whether or not these acquisitions were a good idea when Neom made them (and if you go back, you'll see that no, not all the longs believed that they were, and no, not everything involving the acquisitions was considered great, solving current financial and dilution problems is indeed a great step in the right direction. With Mobot, we've kept 18 percent of the company, we've got them pushing qode and using neom's tech, and we are no longer in the hole for 10 million in stock or cash. That's great news, period.
With Sponge, we saved our butts in terms of how much we would have owed, and we retained a tiny piece of the company and had a lot of stock returned. Good news again, considering that sponge had not performed as neom had hoped. So between these two deals, neom has definitely improved its position.
I'm not saying that neom wouldn't be in an even better position had they not made these two acquisitions in the first place. But neom is in a better position, by far, today, than yesterday. And if we sell the paint company soon, we'll be in an even better position again. Pretty simple math, here, friend. We all would have loved to have come out from that quiet period way back when with massive paperclick annoucnements instead of crazy acquisitions, but we got what we got- now neom's management is doing their best to fix the problem, stave off dilution, get some cash into the coffers, and launch qode. All good things.
I personally do not believe we will be down at .08 for long. At the moment, what is neom really worth? Certainly the paint co is 6 mill at least. 12snap and Gavitech together, maybe 25 mill or more? Triton- another 10 mill? that's 41 million- or basically .06 of the share price- right there, and that doesn't include qode, our core tech, our patents, and what's about to happen with the launch, china, etc. Personally, i think qode is worth 250 million in market cap right now, maybe twice that in a year or two. So IMO, we are severely undervalued. Once the street sees that we are not in major financial straits anymore (after the paint sale and solutions to 12snap and gavitech and that qode does have real potential to become part of mobile marketing in the future, the pps should indeed begin to soar. Heck, we gained 30 percent on the mobot news? This is really just the beginning. I like the looks of things right now, and I'm glad I was able to increase my position to a healthy healthy 3.5 million shares.
Best,
Joe
