Lns, I am a professional investor.
As some background, my journey into the stock market began with buying penny stocks. I was naive and attracted to all the "concepts" and "promises" conveyed by managers of these dark vehicles through press releases and direct contact. Suffice it to say, in each and every case where I did not sell into the spectacular pump and dump run, I lost my ass. Period. End of story.
I challenge you to find five (5) companies, out thousands, that successfully transitioned from the OTC-BB market to the Nasdaq or NYSE and today are operating at a profit while increasing shareholder equity.
But to reply to your comments on Mobot, what about it? Apparently Mobot is selling out for $11 million. A pretty nice chunk of change for the owners of what is likely a tiny company that loses money.
The story is fundamentally disconnected from reality because of the divergence between the absolutely pathetic financial state of NEOM (aside for the approximately $4 million in "intangible assets", the company is basically a worthless shell) and all the puffery offered by NEOM management.
Again, I will advise the following: if you have a substantial amount of money invested in NEOM it is worth it for you to pay a professional CPA or CFA to render a opinion on the company's SEC filings as well as pay a expert in this field of technology to render an opinion on the substance of the company's technological claims. Please though, don't be offended when they start laughing out loud.
Happy Trails,
AirPocketDrop___YES
