RnR:: Who's pretending? Not me. I never suggested that NEOM doesn't OWE $48M, nor am I ignoring the $30.6M net loss for Q2.
Talk about HOCUS POCUS!
Hardly anybody here, and maybe more rightfully NOBODY here can 100% fully understand exactly how the toxic debt instruments work that YA dreamed up and has chained NEOM down w/ over the years.
We have a lot of smart folks here and some in the accountant field but they don't even seem to fully understand how they really work.
I don't pretend to understand them fully, I admit, they're confusing as anything and designed that way on purpose.
I clearly showed how the $36M in net loss was 100% tied to YA's past toxic debentures.
The $48M owed has nothing do due w/ current operations.
That's what I'm focusing on...the present and future.
You and many others are focusing on the past.
A new day is dawning, IMO.
Time will tell.
The patents have value.
Somebody is willing to pay for them, IMO and to take YA out if not fully, partially.
YA wants this. YA wants out, IMO.
I don't know these things for facts just like you and others here don't know your statements of NEOM's immanent demise and bankruptcy are fact either because they're not. They're your opinions.
We'll see who's right in the end.
Stay tuned. I know you will...for us. :-|
lns
p.s. - rwandrw: In answer to your question I do know this...things get ugly after a BK after the law/courts/judges step in. Nothing then is "cut-n-dry". Same as anytime they get involved w/ anything. Control is lost to the control freaks. A suitor might not get what they want after a BK is declared. Current debt holders the same. Essentially, most everybody loses. Very few winners and sometimes the winner doesn't end up being the one who was thought to be in that seat before the proceedings began.
In one word of why would a buyer not just let us go BK have the debt to YA wiped out and then buy us out of BK?
Uncertainty.
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