Retired.....I totally agree. As for licensing fees, I gave an example here of another company that held the supposed BRIDGE to their technology and today, 3 years later their stock is still trading below what it traded at in July of 2003, and they hold the patents for online advertising, a very hot market, unlike NEOMs technology thats still very much undeveloped.
Like you I have numerous times pointed out the patents arent airtight, and the likes of Microsoft or Google have far better programmers then NEOM, and can easily come up with a methodology that will sidestep NEOMs patents. They do it all the time with other software applications and are good at what they do.
I have stated here many times as well the paint cash cow is not the cash cow that many claimed it to be. Profit margins in paint products are minimal at best, proprietory or not. As well I was concerned that this diverted the managements attention away from their core business, which is why I invested to begin with. Not for the paint business but for the paperclick business.
The acquisitions is another topic in itself, and as you point out, there is a lot to be concerned with, when trying to merge 4 new companies under the corporate roof. The promise of increased revenue is just a feel good strategy to the shareholders. Increased revenue dont mean much if you are still losing money quarter after quarter. At least the financial community doesnt put a lot of weight on revenue, when the profits arent there to show a gain off the new revenue.