Thanks for explaining that PoP
on this Board. There are a lot of people here that don't realize that investing in a Fund is like putting money in the bank. If you put money in the bank savings deposit for a percentage gain, then the bank loans money to someone else to buy a car, the title then goes to the bank to hold until the car is paid off.
If you then want your deposit back, and the bank don’t have the cash to give you back, they can give you the title to hold in lieu of the cash. They just don’t sell the other persons car and give you your cash back.
Depending on the agreement with the bank, and the borrower of the money that bought the car, you can sell the title to another financing company (stock market), or make a reduced deal for pay back with the person that bought the car (Neomedia).
Who knows what Cline did? He may have lent the money to YA at 12%, YA loaned the money to Neomedia for 16% and when he wanted his deposit back after the period he gained his 12%, all he got was the title.
I feel that what he is doing, would be the same thing anyone that posts on these Boards would do if they had the ability to do it.
I think they call it capitalism, and I call it a buying opportunity. I feel Cline is in the money lending business and not in the NEOM security gathering business. I also feel that he is holding the balance of his shares for a sale at a near future run up of the PPS. So am I and I think so are a lot of the other people that post on this Board.
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