SwingTrade Member Forum

[jaybird249]

SBEI IPO $10 coming Insider BUYS
Why I think Neonode "IPO" could be $10 + this month Here are my thoughts on possible price action after merger finalized next week:

-It is important to note that float WILL REMAIN at 1.6 MM shares: there is a 6 month lockup period on Neonode shares.
SIGNIFICANT Insider Buying here:
http://finance.yahoo.com/q/it?s=SBEI

42000 Block buy after hours today!

-When the merger is completed, Neonode will essentially be an 1.6 MM share float "IPO" introducing a product designed to compete "head on" with Iphone- the Hottest wireless product introduction of the decade.

- Neonode has probably been saving new announcements of new distribution agreements FOR THE "IPO" Week- they want to maximize their impact by releasing them on their NASDAQ debut.

When was the last time you saw a 1.6 MM float IPO come out with a revolutionary product going head to head with Apple?

No wonder no Insiders are buying.
HANG ON TO THOSE SHARES, they will be worth much more in a few weeks.