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Re: jonesieatl post# 146767

Tuesday, 08/05/2008 7:08:52 AM

Tuesday, August 05, 2008 7:08:52 AM

Post# of 326352
As I recall, back in 2002 or 2003 when Neom did its first SEDA-type deal with Cornell, Neom PR'd the deal before the details had been finalized. (Typical of the way the old management did things). And they then tried to use the deal to convince NASDAQ not to de-list them.

One of the NASDAQ officials asked the question about whether there was a "no-shorting" provision in the agreement with Cornell. The answer was "uhhh..we aren't sure" or words to that effect. So when the first deal was finalized, there was such a provision.

It did not matter, we got de-listed.

Subsequently, I believe that that provision was not contained in later Cornell SEDA deals. If the provision was important enough for NASDAQ to ask about, it would be interesting to know if it was contained in all subsequent SEDA deals, and if not, why not?

Each of those deals was negotiated by someone.