Gass,
As I see it, who cares if the patents are being "legally" substantiated until management provides adequate proof that they can provide a POSITIVE return on said assets?
There are countless millions of patents that are legally enforceable but never amount to diddly-squat in a financial sense.
Further, the specifics of the infringement claim are important given the dated-natured of the patents in a technological world that seems to be changing by the day. Are we certain that potential “infringers” cannot find a method to work around the “patents”; one that would be cheaper than paying NEOM?
With that said, the company’s financials are a complete mess and it is highly probable that any long term success, should it happen, will not be shared with retail common stock holders.
One more thing, the touts love to trumpet NEOM’s relationship with SAIC in regards to WordRegistry. SAIC has an extensive venture capital division—if the prospects for NEOM were so great and so probable, why is it that NEOM must seek sources of funding from notorious short-selling financiers? Logically, if NEOM’s prospects were even remotely bright; one might reasonably assume SAIC would not hesitate to infuse capital into the company. They haven’t, and by all accounts they won’t.
Happy Trails
