I guess it may happen next week or so. He may own 100% of NEOM. NEOM may touch $2+. My guess may connection with the following report.
Pharmaceutical billionaire buys into NeoMedia
Curious news on the NeoMedia Technologies front. It appears that a US-based billionaire, Dr Patrick Soon-Shiong, just bought a significant stake (estimated to be approximately 25.9 per cent) in NeoMedia. The transaction was completed on March 20th . More details are available here and here. This raises the question of why Soon-Shiong should want to buy into a company which specialises in 2D barcode/QR code technology?There’s also speculation Dr Soon-Shiong might, in fact, be planning to acquire the entire company. So why would a man who made his money in the pharmaceuticals industry suddenly start showing an interest in QR code technology? We’d guess it has something to do with patents.Who is Dr Soon-Shiong (who incidentally bought the shares through his investment arm – Global Grid?
Well according to Forbes here, he’s the richest man in Los Angeles – the 44th richest man in USA and worth around $7.2 billion.
The guy made his fortune mainly by buying out a company- Abraxis BioScience, which specialised in breast cancer treatment.
It looks like Dr Soon-Shiong’s interest has been attracted by the fact that after years of trying, NeoMedia finally landed a patent for its mobile barcode management technology. See our previous story here.
It appears that Patrick Soon-Shiong has a vision for restructuring the US health care system and he’s openly talked about the use of smartphones for object recognition.
So if he manages to make QR codes an integral part of the medical industry (and they are pretty central to it right now), then owning the relevant patents makes a create deal of sense.
yeah if dr. Soon decides to buy 51% or more. he could just pay off all the debt and the high interests. then profits will be rolling in with the new patents. so $2.00 is very real. go longs.
This post is excellent!!!
Few days ago, no one's could expected that Dr. Soon tried to own more than 25% of the company. Now, everyone knows that his purposes of the investment is NEOM patents, not for money. In this case, his statement well be expected to come out any time soon. And now there’s also speculation Dr Soon might, in fact, be planning to acquire the entire company. We may have some info by the EOD or beginning next week!!!
How much he may offer? (That is your believed-price!!!)
$.25, $.50: TOO CHEAP, $1, $1.50: GOOD, $2, $2.50: EXCELLENT!!
TAKEOVER IS IN PROGRESS ....????
Mr Green....with all due respect....don't get the cart ahead of the horse. Just wait....but please don't add more to the fuel. Let's just wait and see, especially the take-over bit.
Though I appreciate your post!
You have wrote a great post. clearly this is a hostile takeover because of his purchases are all market buys. He could just buy the company right now and put this speculation to an end. Why he continues his fast pace at buying up shares in NEOM is anyones guess.. But he is accumulating them quickly and soon will have 51% for a majority stake in the company.. Then what? He announces his entitlement to become the CEO with his majority of shares.
Just glad i stumbled upon this last week before anyone heard of Mr Patrick Soon Shiong. That was luck on my part becoming a share holder in NEOM.
This story gets more interesting day after day.
Glad to be a shareholder.
Good Luck to you and all shareholders
$2 bucks Eh!
$2.00! If Soon takes over......it don't have to be $2.00. He can pay alot less to shareholders because he becomes the new head driver!
It's all up to him.....he won't owe us anything. We will just be the minority shareholders, so with that note, don't over exhale.