Wednesday, February 26, 2014 10:40:00 PM
Person,
My sentiments precicely. I remain mortified and outraged, however, I've taken the past two days to step away and try to clear my head so that I might reason through this better. Unfortunately, it doesn't seem to have helped except in one regard. Like you, the questions that have revisited me every hour are the following:
1) Why a 1/15 r/s when approximately only 6 months ago Neom was calling for a 1/1500 (and had considered nearly TWICE that ratio just prior to the shareholder vote)?
2) Why an increase in the A/S to 7.5 Billion shares when approx 6 months ago they were calling for an increase to "500" Billion A/S?
3) Should items 1 & 2 above come to bear, is this intended as a mere "temporary" fix to get us past this storm, and once YA reaches their lucky number 7.5B do we undergo another r/s and A/S increase, and look on as YA waves their magic wand?
4) Was Qode Services created only one month ago in preparation for this action, or was it originally intended for another purpose, and if another purpose, what could that be?
5) I had "always" (I am being literal) questioned why they abandoned the name Qode, as it strikes me as an ideal product name, and often questioned whether it was ever truly abandoned. I considered it might have been shelved temporarily for some reason. Yet, if Qode was intended to resurface, why is the name Qode Services being disolved upon consummation of the merger?
6) In visiting Hoovers and entering the name Qode Services, why did all 4 of the companies yielded in that search appear related to our space in some fashion? Could this be coincidence, absolutely, however, each was in a separate country. No two were in the same country from what I recall.
All of the above said, regardless of any number of possibilities that may exist, I decided I need to focus on the two items I feel I can count on, and a third item that allows me to dream:
1) Should Neom NOT be in control, and truly be at risk, Laura's hand is now forced. She carries a fiduciary responsibility to either source alternate funding that will serve to remove YA permanently, or source a buyer for Neom. This merger then buys her the time to accomplish this and also brings the O/S temporarily back into a respectable range..
2) Should Laura source alternate funding, her fiduciary responsibility "should" lead her to source "non-dilutive" funding first...in other words, straight financing . I say "should" because Neom may still not have the revenue to muster such a deal.
3) Would an investor the likes of a certain doctor be interested in protecting his investment, on a number of levels, such that he decides to provide the necessary financing to set Neom right?
My time is limited tonight, however, I look forward to your thoughts on the above.
Best,
BC
My sentiments precicely. I remain mortified and outraged, however, I've taken the past two days to step away and try to clear my head so that I might reason through this better. Unfortunately, it doesn't seem to have helped except in one regard. Like you, the questions that have revisited me every hour are the following:
1) Why a 1/15 r/s when approximately only 6 months ago Neom was calling for a 1/1500 (and had considered nearly TWICE that ratio just prior to the shareholder vote)?
2) Why an increase in the A/S to 7.5 Billion shares when approx 6 months ago they were calling for an increase to "500" Billion A/S?
3) Should items 1 & 2 above come to bear, is this intended as a mere "temporary" fix to get us past this storm, and once YA reaches their lucky number 7.5B do we undergo another r/s and A/S increase, and look on as YA waves their magic wand?
4) Was Qode Services created only one month ago in preparation for this action, or was it originally intended for another purpose, and if another purpose, what could that be?
5) I had "always" (I am being literal) questioned why they abandoned the name Qode, as it strikes me as an ideal product name, and often questioned whether it was ever truly abandoned. I considered it might have been shelved temporarily for some reason. Yet, if Qode was intended to resurface, why is the name Qode Services being disolved upon consummation of the merger?
6) In visiting Hoovers and entering the name Qode Services, why did all 4 of the companies yielded in that search appear related to our space in some fashion? Could this be coincidence, absolutely, however, each was in a separate country. No two were in the same country from what I recall.
All of the above said, regardless of any number of possibilities that may exist, I decided I need to focus on the two items I feel I can count on, and a third item that allows me to dream:
1) Should Neom NOT be in control, and truly be at risk, Laura's hand is now forced. She carries a fiduciary responsibility to either source alternate funding that will serve to remove YA permanently, or source a buyer for Neom. This merger then buys her the time to accomplish this and also brings the O/S temporarily back into a respectable range..
2) Should Laura source alternate funding, her fiduciary responsibility "should" lead her to source "non-dilutive" funding first...in other words, straight financing . I say "should" because Neom may still not have the revenue to muster such a deal.
3) Would an investor the likes of a certain doctor be interested in protecting his investment, on a number of levels, such that he decides to provide the necessary financing to set Neom right?
My time is limited tonight, however, I look forward to your thoughts on the above.
Best,
BC
