Neo has been played with by corrupt directors and assocaited parties.
it was only last year a 14c placement was done, again not completed like every other previous placement, then now a 6c placement once again not completed
AK is an idiot and he's only there becuase his mate is the largest shareholder.
So what about cash- NEO has none!, will run out by June this year and what then... 2c capital raising not completed and another 10 for 1 consolidation.
there will end up being 1M share in NEO at 1c by the time this is over...but it's worth billions will cry AK.
oh and by that time AK salary will have got another non performance bonus raise to 400k...seems with each failure he get's paid more money????
If AK was such a strong supporter of NEO he would be buying a Million or so shares on market right now, esp if he thought it was so undervalued and so much positive was going to happen this year....so where is the MD vote of confindence??? it's not there becuase of the obvious....
WMT directors certainly thought their company was cheap and spent 100k's on shares at this current price.
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nuenco nl
yea looking good, page-18
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