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Wednesday, August 06, 2008 10:45:46 AM
... I saw regarding the $4.5MM debt to 12Snap had to do with:
- Is any necessary settling of that debt going to have to come out of our seemingly shrinking 'allowance' from Daddy Yorkville?
(In fact , that's not really an uncomfortability thing , it's simply a fact which would be interesting to know as we shareholders here assess what NEOM may or may not be able to do with our finite currently available funding.)
- An often stated misconception about that same $4.5MM indebtedness having been whittled down via 'monthly payments' since last year sometime.
(Again, nothing uncomfortable about that, B.E. and I were merely relying on SEC filings to set the record straight and the clarification was noted.)
I didn't really see any 'fear factor or apprehension' , but I have seen a continued and perhaps even growing desire by many shareholders to deal more with the actual facts as stated in various SEC filings.
It would certainly be interesting to hear what Dr. Michael Birkel with 12Snap might have to say on the issue but unless he goes on record publicly with statements regarding forbearance or forgiveness of any debts to his company ... personally I would rather hear what NEOM management might have to say on the subject in a conference call than to get a third hand verbal accounting of any purported comments.
Moreover , since we've often seen that what gets said in those Safe Harbor-protected CC's absolutely does NOT ever have to be borne out factually ... I and many others would much prefer to simply see the facts of the matter in SEC filings.
JMO
jonesie
Yorkville / Cornell Tracking Board #board-9964
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"I can think of no more valuable commodity than information"
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
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