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Wednesday, September 02, 2009 12:16:07 PM
My connection to NEOM began in 2005. My interests are aligned with the retail shareholders.
As it is that I know quite a bit about past regimes, my opinion is that Iain & Co. represent the first real chance to make a business out of so many promises made in the past.
The steps they have made with YA are in the favor of all shareholders.
Holding an SHM would be meaningless to the shareholders on this board, except to offer more of the same - a place to vent frustrations (which ends up being counterproductive).
The current BOD is better than any past BOD. I expect it will only improve.
Guys like srowen must be lovin' the present self-immolation on this board...
(since his game is to increase the chance that neom will cease to exist)
I know that in 2005 the investors in Scanbuy did not expect neom to last beyond 2006.
Iain's strategy to reduce cash burn, and therefore *future* dependence on YA, is a viable and well considered approach. Crossover to self-funding will come sooner.
Ultimately this market opportunity represents a test of wills.
Finally, there will never be 5B in the float (or anywhere close to that number).
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