more thoughts from SHM:
In the past I thought much of the stock selling was coming from Cornell. AS mentioned earlier by JP, only 3.5% of stock sales related to Cornell.
KEEP IN MIND THAT NEOM HASN'T TOUCHED THE 100,000,000 DOLLAR LINE OF CREDIT WITH CORNELL. Therefore NEOM has money to do future deals and stay in the game.
Jensen made an interesting point during the meeting. He said the goal of the company at this point in time was not to make a profit but to increase cash flow and revenues. He said that it wasn't in the company's interest to be worried about meeting quarterly pressures to beat last quarter's profits.
Emphasis was made on Mobile becoming the 3rd screen (after TV and computers), and therfore the huge potential.
It is difficult to get paperclick up and running because so many oieces have to be put into place.
An interesting ad point was mentioned and that is the demographics of the phone clicker are known and therefore a male clicking on a coke barcode could be sent to a different website than when a female clicks on the same barcode.
The point was made that many providers will wanto tmarket paperclick under their own name and market it to their subscribers under their own name, which is fine with NEOM just to collect the revenue.
Point was made that the potential market for name and word sales is huge.
Paint business, (although not respected by some here) has big cash flow implications for NEOM. The ex-Dupont emloyee gave an excellent presentation explaining the superiority of NEOM paint/car repair business over others in the field.
My own personal views: I am very impressed with Copus and his understanding of the ad. potentials and also his good relationship with 12Snap. He seemed extremely bright and knowldgeable.
Chas Fritz seems to really know and understand the technical side of things.
The paint guy also seemed like an expert in his field.
SO, I think we are in excellent hands as far as management goes. Jensen understands the business/corporate side of things.
That about sums up my feedback to the site and you'll be hearing more from JP.
I will be adding shares to my own holdings; going into the SHM meeting I had more doubts and concerns. I think NEOM can stay in the game and the future share price will be much higher, imo
Have a good w/e everyone and good luck to us longs.
From Ft. Meyers,
Dr. Mike
