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Re: None

Monday, 04/18/2005 10:44:49 AM

Monday, April 18, 2005 10:44:49 AM

Post# of 326352
Payment Due:

Isn't NEOM due to start repaying Cornell on May 1st. the monthly amount of $1,120,000? If so, does anyone know if they have the cash and/or cash flow to service this debt? I'm not sure, but I don't think they have the funds to do so. Am I wrong? If they don't have the funds, what options do they have? Possibly:
1) Issue more shares (not good).
2) Give more shares to Cornell (not too bad as long as Cornell can not dump them)
3) Get a large infusion of cash from licensing deals (very good).

Any thoughts?

TIA,
Dino