Whizknock,
You are reiterating the words of daytrading newsletters and perhaps even Cramer which have not dealt in stocks controlled by YA. NEOM trades counterintuitively to approximately 99.999% of all listed and delisted stocks (.OB and .PK) due to YA's conversion of debentures. To my knowledge, it is only companies which are contracted with YA through the identical arrangement as Neom, that trade in this fashion (counterintuitively).
While I appreciate your resolute confidence, your statement is not based upon realistic evidence in relation to NEOM's debt and YA's conversions.
In short (no pun here), YA and their financial friends will convert shares to meet any level of demand, and therefore, the pps will not rise...not until such time as the entire debt of approximately $40M has been repaid. For those who are not aware, as Neom repays debt, the number of outstanding debentures is reduced.
Also keep in the forefront that Neom benefits from this low pps because they are required to fund the 5% discount YA and their cohorts receive on the pps at time of conversion.
I wish your words were based on something less abstract and more relevant to this company. Had this been any other stock I might have cheered your post. IHubbers have been stating your identical words since the summer, yet not one instance of a rise in the pps even in the face of 200 MILLION and 600 MILLION share trading days (clear evidence of the above).
JMO...
Best,
BC
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