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Poptech

02/09/14 2:52 PM

#301756 RE: vero #301752

vero: They have not lowered the debt. Total debt has increased through 2013.
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RisknReturn

02/09/14 2:52 PM

#301757 RE: vero #301752

Here is a break for you Vero.

Let's ignore the real balance sheet in NEOM's form 10-Q and assume total liabilities are actually $50 million compared to total assets of $6 million. Still appears to be hopelessly insolvent with a deficit of $44 million and doesn't change anything about the conclusion that NEOM common stock is worthless.

Is that the break you were looking for?