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Tuesday, April 19, 2005 12:55:19 AM
And though i am optimistic too, i see a lot of risks, the biggest still having to do with neom's management itself. Insiders continue to sell their stock, which they would not do if they foresaw such a meteoric rise in the near future. Our deal with cornell will be dilutive, though not to the extent that i had feared a week ago, hopefully. And no matter what anyone says i still firmly believe that a reverse split will remain in the cards unless revenues ramp up within the next twelve months. A major fortune 100 company getting involved would certainly put this fear to rest for me, especially if they took a major investment stake, since that would preclude any reverse split; but i can't count that chicken until it hatches.
As for getting relisted on the nasdaq or amex, which keeps coming up again and again, i personally don't believe getting relisted is any holy grail for us as speculative investors. I've seen many stocks get relisted, only to have their pps stabilize for good at a fairly low level (cypt being an example, now called hiv). You don't see the meteoric rises you see on the otcb on the nasdaq, simply because it is a much more controled forum for stocks. so if we want to rise by 50 to 100 times our pps, we're in the right place on the otcb. Plus, the only way we're getting on the nasdaq is through a reverse split, IMO, because of the sheer number of outstanding shares.
All that said, i do think we are witnessing an extremely rare moment; we are all in on the ground floor on something that really and truly has potential of running like crazy. It's so completely rare on the otc to find a stock like neom, that has already gone up a factor of 5 in the past year and a half. If it can do the same again over the next year and a half, we should all thank our lucky stars!
best
Joe
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