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Thursday, December 28, 2006 2:11:56 PM
I agree with your sentiments, and certainly understand RonMexico. Things certainly look bad, and in fact they are. But they are not dead, and the departing of Jensen and Copus are telling. They couldn't get the job done, they did a horrible job and are gone. Chas Fritz is an interim CEO and will be succeeded by someone, my guess in the next 90 days. The technology is now coming to market, and Neom has taken the necessary steps to plow ahead.
This stock has always been about the technology of paperclick, now qode. Management frankly had a tough task of bringing to market a leading edge technology that didn't have the necessary phones in the market to make it practical. Could they (management) have done a better job?, yes, no doubt. But not an easy task.
And since it's the technology, it is now ready for prime time. I still think this will be successful, it's just going to take a while longer. I'm still on board and think 2007 will be a great year for Neom.
The revenue stream may come from licensing deals, but the real growth is in name and word registry, thats where the billions are at. If you were at the SHM you saw CF start off with his summary of how they would make billions and the potential in registering names, words, symbols.
MG
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