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Re: dlethe01 post# 115465

Friday, 03/23/2007 6:33:31 PM

Friday, March 23, 2007 6:33:31 PM

Post# of 326352
Nice to see that the 8k didn't adversely effect the pps. Probably for two reasons, IMO. First off, the only people reading this 8k were those of us who watch neom daily- and none of us are selling at this point, that's been established by the low volume since TS left. Second, we're all expecting 12snap to be sold off; hopefully for enough to cover the 6 million dollars neom still owes the company, and with enough left over to solve any remaining cash flow issues for the rest of the year. The problem will be that those 200 million plus more shares will flood the market after the summer, unless neom management finds a way to either buy them back (not bloody likely, considering the way management has treated dilution thus far), or somehow change the settlement after a sale of 12snap goes through.

In any event, I'm guessing we will have a share count over 1 billion by the end of this summer. Our main hope, at this point,is a partner that will raise our value to cover that new share level. It's going to be very hard to see this pps rise much without a major partner joining in.

Best to all,

Joe