News Focus
News Focus
icon url

lesnshawn

05/19/09 10:40 AM

#171008 RE: Scanloni #171007

Scanloni: After five years keeping the life support on, with all the positive momentum lately and an upcoming, anticipated win against Scanbuy do you really think YA would allow NEOM to go flat-line at this point?

Some here do. I don't.

You're either in or out. Confident or scared.

Where you are on the scale can only be answered by you.

lns
icon url

RobbinGood

05/19/09 10:41 AM

#171009 RE: Scanloni #171007

Scanloni, my guess, definitely funding news before June 1st. Whether that is traditional funding, investment by another company or licensing revenue is anyone's guess. But i don't believe YA will be involved in future funding imo
icon url

SonOfAFisherman

05/19/09 10:48 AM

#171010 RE: Scanloni #171007

I was going to post a nearly identical post--but would greatly appreciate any information.

Maybe I am out of the loop in regards to how these things work, filing/disclosure requirements, timing, etc...but if financing was arranged--why would Neom not let any investors know? Wouldn't this very strongly beat down the stock price? Is it typical of the company to wait so close to the deadline to make any form of announcement regarding financing? What happens if the well does dry up?

I believe in this stock long-term, but the reality is that without funding to continue as a going concern...well...actually I don't fully understand the implications for shareholders to be honest.

I am very confused why no news has been released, unless there just isn't financing, but why would the well dry up at this point when everything seems so promising?
icon url

ziptied

05/19/09 10:51 AM

#171011 RE: Scanloni #171007

Take a look at this and all the indentifiers added since may 1st. While you are looking at it take note at the names of some of the companies.


http://www.google.com/search?q=site%3Aupc.neom.com&hl=en&lr=&tbo=1&tbs=rcnt:1


Then ask yourself, this.

Why would anything be added for free.
icon url

huppo

05/19/09 10:53 AM

#171012 RE: Scanloni #171007

I don't know when to expect info other than obviously around the end of the month because we have to find out by then. I also wouldn't dare to speculate on what the news will be regarding future financing, though my gut feeling is there's no cause for concern. Letting NEOM die at this point in time seems like a really senseless decision if that's what comes to pass.

However, this all puts me in the mind of something dryly amusing. The 'announcement' about financing (or whatever) that we are all so breathlessly awaiting isn't going to be accompanied by a PR with heraldic trumpet fanfare, it's probably just going to quietly come out as an 8K SEC filing or something of the sort without a single word from NEOM about it as they just go about their business as usual.

It just strikes me as so ironic and lopided that a great many of us here can hardly think of anything else right now and will heave a huge sigh of relief when we see that news, but NEOM treats it like nothing more important than a bank deposit.
icon url

elliot1234

05/19/09 11:11 AM

#171020 RE: Scanloni #171007

First of all, Scanloni, there are probably 1000s of small public companies that have had to add that "going out of business" caveat to their financial reporting. They can't say things like, "We have a last ditch plan in place to get $ if we need more time to secure permanent financing."

IMO they have such a plan in place. When you've been here at I-HUB with NEOM for a few years I don't think you'll worry as much over these CYA statements. We should hear something by the middle of next week but it may only be a stop-gap measure for a month or two, until they finish up their "real financing." (Remember, it has only been less than 90 days since the patent decision. They haven't had a lot of time to get the financing that they need.)

Regards,

Howard