IPO: I'm sure they (YA Global) wrote the debt off and they own everything (via, NM,LLC) lock-stock-and-barrel. I personally believe they (YA Global) will take something public a la NeoMedia but 'not'...and w/ all the patents in tow. No reason to dilute like crazy or possibly even at all after they restructure the shares prior to taking whatever public via THEIR CONTROLLED NEOM SHELL.
They can. It's all perfectly legal. FINRA can't shut anything down or de-list a stock if there is at least one MM to sponsor it to trade. Just one. That's all it takes. That's why I've been watching my first investment ever stay listed and make the blue-moon trade every so often and it's going on 14yrs now like that (LMGR).
NEOM won't be shut down by FINRA. It has no DTCC restrictions. It is a shell that can be used. It is trading regularly. It just traded over $20K in one day last week. Something is going on behind the scenes.
People can say what they want to the contrary but those are the facts as they stand now.
What I'm most curious about is what are the subsidiaries that make up the entirety of "NM". Darious Gambino, esq. and Mark Angelo (YA Global) both approve the public indication that NM,LLC has more than one subsidiary under it...hence its plurality. And, they also both approve the public notification and advertising that "NM" (NM,LLC and its Subsidiaries) is a PUBLICLY TRADED COMPANY...RIGHT NOW.
Their words, not mine.
Happy Thanksgiving, NEOMITES!!! :-)
lns
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