"I continue to watch NEOM, as a sport". " NEOM has only $1.50 in the bank"
I would not want you to be in control of my bank account nor balancing my check book, nor maintaining same, if you do not know how to add the rest of the zeros in reading a financial statement. You need to add a few more zeros to the cash balance. You also need to recognize that the cash balance is only $519,000., less than 6/30/2006, when NEOM owned the subs which were sold.
Why don't you want to talk about the fact that sales increased 27% over 6/30/06 (remember, NEOM owned Gav and the other subs at 6/30/2006). Not too shabby since sales of 3 of the subs are not included in the 6/30/2007 financial statements.
Why don't you want to talk about the fact that NEOM's gross profit increased 73% over 6/30/06 (also during the period of time NEOM owned the subs).
Also, without considering gains on financial derivatives for 6/30/07 and 06 (non cash items), NEOM's Net loss decreased 26% over 6/30/2006.
I certainly would not want to rely upon you interpretation of NEOM's financial statements in recognizing improvements from one year to the next.
IMO, you might want to consider watching something else, "as a sport", or become more enlightened on reading changes in financial statements.
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