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Re: lifedealer post# 19084

Wednesday, 05/25/2005 7:18:23 PM

Wednesday, May 25, 2005 7:18:23 PM

Post# of 326352
IMO NEOM management will hold on to the $10MM previously borrowed (from Cornell) which remains mostly in cash per the most recent (NEOM) financials and add this add'l money (nearly $11MM) to NEOM's liquidity position (once the warrants are exercised) to execute its roll out plan. NEOM will then clearly have the means to make the required monthly payment on amounts owed to Cornell...