OTT , re your earlier msg ...
... "the float will not be a problem"
The float isn't the problem. At a mere 1.3Billion shares or so, big deal. It's the ownership percentage YAGI has worked their way into that's the problem , that and the smart part of the market's knowledge that YAGI has rights to tens of billions of shares. The float is virtually unimportant these days.
re this msg: "the volume is not enough for YAGI to move enough shares to make anything significant. There has to be a light at the end of the tunnel or YAGI would use what volume we have to move their position and move on. If there is nothing good going on then why put money in for that many shares if there is not enough volume to move it??"
Again, I would think YAGI knows they can't move the billions of shares they have rights to at current volumes. Everybody here knows that , so why shouldn't they know it? Again , it's the percentage ownership they have bought and continue to buy that is our problem.
PPS stays down here really low for a long long time, in spite of the market 'heating up' , in spite of every little joint venture or LOI or MOU that NEOM PR's or leaks , the PPS stays way way sub-penny.
That's either because NEOM is a total dog because of management and financing and prospects , and the entire (99.5% of the) market knows it (most likely) , and/or because THE CRUSHING DILUTION OF TENS OF BILLIONS OF SHARES causes any potential new investors to walk away and find a better play.
Of course, those two things aren't mutually exclusive either.
But , I digress. PPS stays low. Somebody somewhere decides NEOM is worth something and wants to buy it. They don't bid up the PPS so we can all get our money back or make a profit ... they go talk to the person who owns NEOM. The owner has already put in writing that they have a minimum sell price of around $47,000,000 , and they'll pay Iain a handsome commission if he can sell it for that. At the time of that writing YAGI was owed , well , let's see , carry the 1 , wow imagine that , right around $47MM. (thanks for that math , bleedingedge)
A sale of NEOM could take place perfectly legitimately at that price , with YAGI getting every last penny and the stock symbol NEOM.ob disappears.
Or maybe somebody gets really jazzed up and offers to pay more. Here's where YAGI's higher and higher percentage ownership of NEOM comes into play ... for every dollar over $47MM someone is willing to pay , YAGI gets the lion's share of it because of all the Preferred and warrants ad infinitum.
Now , perhaps news of a buyer would leak , and some would hope shareholders would be rewarded (for holding a dying stock month after month , year after year , averaging down to no avail down through the .30's, .20's, .10's, .05's, .01's, .005's , yes, some really astute moves have been made and for that we will(??) be rewarded lol) and the PPS gets bid up a bit and the MM's who know the score help that move a bit and for every bit the PPS goes up YAGI owns a little smaller percentage of the company as their conversion numbers shrink.
But before things get out of hand , and while YAGI still has way more than the necessary controlling votes (on an as converted basis as we keep seeing in the filings) ... YAGI sells the company , pockets most of the money , shareholders who didn't sell on the 'pop' get any remaining crumbs , and that's that.
Say YAGI got $60MM (for what , we're still not sure lol , and we won't be until after a USPTO ruling , right?) and they take their $47MM or more they're owed , then they can take a pretty good percentage of the overage , and the 'crumbs' are whatever's left divided by the float (1.3B and climbing , where's that quarterly report?)
Or something like that lol.
There may be 'something going on' but it's going to be a hard row to hoe for 'us' to profit from it. Those playing for a .0025 to .01 pop with some new shares may do well , perhaps even better than that ... but those higher-priced shares probably aren't ever going to get happy.
Just one man's opinion , based on the SEC filings and on how 100's of these Yorkville and other toxic-death-spiral games have played out over the years.
jonesie
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