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Tuesday, May 19, 2009 10:41:59 PM
Regarding the subject of funding, my thoughts are the following:
If Neom didn't require the 4M in January they will likely last past may with the 500K they just received. While long term financing remains a risk, two things:
* A poster on iHub stated today that Neom replied to him via email saying their doors will not be shutting at end of May. I do not recall who it was, nor can I even guess as to whether he made it up.
* The industry is about to take off. IMO if Neom was not going to be able to obtain funding it would have occurred last year. Now, at a time when the industry has ripened beautifully and Neom has begun generating revenue through formal, revenue-generating production runs, with stellar partners such as Neustar, and where they have begun "selling" Gavitec's EXIO scanners, I find it quite difficult to believe they cannot find a financier.
And btw, I remain of the opinion the funding will not come from YA. The wording we read in the Annual Report seemed to speak to this...but I am NOT a financial guru.
Best,
Be Confident
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