Monday, April 27, 2009 4:24:17 PM
What NEOM has done is no different than getting a payday loan by using your car title as collateral.
I have talked to 2 patent attorneys and they both say that YA can do what they wish with the IP if NEOM does go belly up (or gets its debt called due and cant pay) and the shareholders DO NOT have to be paid squat on the sale of the IP!!
Their example was a car loan (with title as collateral) at a pawn shop or a pay day loan center. Just because they give you $1000 for a title that is worth $3500, that does not mean that if you default on the loan they must sell the car and give you the difference. You default, and they KEEP IT.... your loss is their gain. YA is no different.
YA is pulling ALL of the NEOM strings and I sure hope we dont get the shaft after all the years we have been here.
""Besides, if I would have sold at the right time, I would have 3xs my $$$. So don't say this was a poor stock. IT WAS A DAMN GOOD STOCK B4 the HALT!!!"" annon.
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