Thursday, December 28, 2006 3:19:59 PM
I also certainly understand and empathize with RonMexico's thoughts. Neom has made a lot of ill-fated decisions that have brought us to where we are today. But we are still hanging on for dear life.
The good news is that the qode technology appears to be finally ready for prime time, and the market appears to be finally ready for qode. I believe we now have a great sales and marketing team with Roger Pavane heading up the U.S. and Gavitec's Dr. Christian Steinborn heading up Europe and Asia.
We are getting our house in better financial order with the selling of Mobot, Sponge, and Micropaint. I would expect we will spin off Triton and 12snap as well. All the signs point to us keeping Gavitec, which is the one acquisition that had the best synergy with qode to begin with.
I also remember well the financial example that Chas drew up on the easel with Word Registry...implying sales in the billion + range would be a conservative estimate.
All the potential is still there...the market is ready...we just need to capitalize on the opportunity. If we do, 2007 will be a much better year for all concerned.
It's a big "if" and there is huge risk. I could sell now for the tax loss, but I prefer to give Neom another quarter or so to demonstrate that they "have their act together", and hopefully the pps will materialize into a positive ROI.
How many other shareholders have similar sentiments? How many will sell by tomorrow? How many will wait it out and re-evaluate on a quarter by quarter basis?
ss9173
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