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Re: clawmann post# 148259

Wednesday, 09/03/2008 7:38:45 AM

Wednesday, September 03, 2008 7:38:45 AM

Post# of 326352
One more thought to add to my previous post:

Under the SEDA deals, Neom mangaement had control over the decision to "put" shares to YA/Cornell. Under the convertible preferred YA/Cornell has control over the decision to call for shares from Neom.

What a horrible price we have paid (literally) for the events and decisions of early 2006.

As BE indicated in some of his recent posts, the then-managers at Neom were so blinded by their supercompany vision that they just did not pay attention to the fine print or consider the possible negative consequnces of their actions.