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cas_123

08/03/13 2:11 PM

#292600 RE: lesnshawn #292599

it would be nice for that news to hit before the r/s so the shareholders can get their investment amount back to their original prices. after the r/s it would take such a huge price hike to even come close to original investment price. so, that theory is just another dream
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RisknReturn

08/03/13 3:04 PM

#292602 RE: lesnshawn #292599

Les, not only does NEOM need a buyer, they need to find one that is willing to pay more than $60 million before the common equity is worth anything.

That is a bit of a stretch for a company that generated a $559K operating loss in Q1 2013 and has NEVER in its history generated positive operating income.

I appreciate your optimism but there is nothing in reality that would support a $60+ million buyer stepping forward. My opinion is that with all the exposure to liability (derivative suits, etc) that no buyer would want the NEOM legal entity at any price.
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Poptech

08/03/13 5:57 PM

#292608 RE: lesnshawn #292599

lesn: Except YA extended the maturity date. There is nothing about that says anything but YA intends to continue doing the same as it always has.
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rwandrw

08/05/13 10:11 AM

#292626 RE: lesnshawn #292599