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Neonode, Inc. Message Board

marlin888 3 posts  |  Last Activity: Mar 18, 2015 10:36 AM Member since: Dec 20, 1998
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  • Reply to

    8k out re Quest settlement

    by marlin888 Mar 17, 2015 4:33 PM
    marlin888 marlin888 Mar 18, 2015 10:36 AM Flag

    The 8k reads well. As part of the deal the company paid Quest $1.06M for the 800,000 VRML shares owned by Quest. All 39 states that Aspira labs has presence and certification will get all the Quest work for OVA1. The remaining 11 states will get them when Aspira certified in those states. Quest get all the logistics work for deliver to Aspira labs etc. Some patent stuff also for VRML's benefit.

    Very good deal. And yes fair to say "at last"

  • Seems most encouraging

  • marlin888 marlin888 Feb 28, 2015 11:19 AM Flag

    Hi jtinformed. I am a long holder in ETAK and have indeed spoken to Mr. Gersten on quite a few occasions. Respectfully your post seems very odd and, if I may it would be most surprising if Mr Gersten stated what you claim.

    In my experience Mr Gersten has always been reliable, helpful, understanding and professional.

    It is obvious that currently there is no decision by AT&T (nee Iusacell) in Mexico wrt ETAK. Probably not a major priority for AT&T having just purchased Iusacell for several billion. AT&T has its procedures, policies and the like and is no doubt "drinking from a fire hose" discovering operational status of its newly acquired entity while trying to determine how to implement its best practices. As an inkling for you, it is likely the case that many of, even most of, management may not make the grade. Otherwise it could be argued Iusacell would be better organized and structured. AT&T must, and I am quite sure is, reviewing everything in priority. They just have not got to ETAK yet. Nobody knows the outcome yet as no decision has been made.

    When a decision is made we will discover this by a formal release or 8K. Such material news would never be conveyed by phone from an IR group. Personally I would be surprised if AT&T were to move back off from the committed ETAK platform given efficiencies and savings. AT&T is also accountable to its shareholders.

    Meanwhile there is much going on at the company IMO. Fundamentals have continually and consistently improved over last 13 or 14 quarters. Each of these sequential quarters has shown in an increase in MRR for M&S w/ gross Margins now at 80%. Would you not think there are more new deals progressing in the pipeline both with HP and without? The new Vodafone Spain deal is material also IMO.

    I wish you well and can only share my perspective. I am long on ETAK, fundamentals, IP, addressable market and leading over competition are great. Mr Gersten is a good match.

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