Below is some text of a recent email I sent to Ms. Laura Marriott.
Feel free to use it as is, in whole or in part, or modify it in the proposed Shareholder Letter suggested by JP. I am sure it can be expanded with additional thoughts and "word-smithed" to better reflect the sentiments of this board. I submit it here for your consideration only as a "place to start" and "to get the ball rolling"...
While the recent Ebay, Realtree and Kodak events appear to be significant developments, we (the common retail shareholders) want to hear during the upcoming conference call a plan to end or greatly reduce the amount of share dilution. Most of the distribution on this email have been large NEOM shareholders since at least 2004, and we have seen our significant hard earned investments dwindle to nearly zero value. Yet we stick by NEOM because we strongly believe there is so much potential to leverage/develop its mobile barcode intellectual property. Proper shareholder communication has been nearly non-existent. And, what has been communicated previously, either hasn’t materialized or has been grossly misleading. We deserve better. The time is now. We respect what you have accomplished in the past, but will you earn our continued respect with your actions and results going forward. We look forward to hearing during the conference call an updated business plan to include details of signed or pending licensing agreements –fees and revenue potential, sales and marketing opportunities for revenue generation , a sales forecast for the next 3 years, and plans to attain alternate financing to the massive dilution caused by the current financier, YA, until such time that NEOM can sustain profitable operations.
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