Monday, January 29, 2007 4:34:31 PM
If financing was just around the corner, then NEOM paying the difference in share price wouldnt of been an issue/problem. And if financing was just around the corner, NEOM wouldnt of needed to hire a facilitator to bring the two sides together to work out some kind of deal, before March. My opinions of course.
What this tells me and this is just my opinion, is that there is no financing coming anytime soon, and thus the need to work out something with Gavitec so as to not lose that company as well. It also tells me that vote of confidence wasnt as strong as some here think, when gavitec apparently(again my opinion) wasnt willing to settle without the facilitator coming up with something they were happy with.
Now it will be interesting to see what happens with 12snap, because i believe their money is due in February.
And by the way the statement made by the CEO confirms what I said a while ago, that a few here challenged. The CEO said the money would of been due the beginning of MARCH or 12 months after the restricted shares were issued to Gavitec. Even though the S-3 apparently isnt approved yet, the CEO at least knows the 1 year rule applies if the shares arent registered by then.
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