They said the money was for keeping the company running and improving their balance sheet. Nothing was said about the airbar. This information is easy to find.
Most individual stocks are down at least 20% or more since the highs. The smaller the company the harder its been hit. The US market cant prop up the entire world as witnessed lately . Where this ends up who knows. All I know is that Neonode has hit a home run with the AirBar. The press release states it will be released for review before launch. I suspect it will work well and get a 4 to 5 star rating. They'ed be fools to launch it otherwise.
Judging from the positive comments all over the web. I'm sure its being well received. Unfortunately , they are launching the product in a bear market environment . The timing is horrible.
378,802 YouTube views
943 Thumbs up , 12 down
Overwhelming positive acceptance so far.
Everyone is loving it . Except the short sellers..
One thing is for certain, Richard Roe has nothing to do with bringing this issue down. Micro-Caps are absolutely hated right now. When the market bottoms, they will once again be where the growth is. Don't give this arrogant jerk any credit.
Its not to late for the shorts to lock in their gains but it will be soon. Neonode finally has a high volume product thats going to squeeze them out. Better late than never..
Cover sukkas !
I see Richard is working hard. He posted another negative comment on the latest video on youtube. He knows hes screwed . That's what a person gets for being greedy and holding a short position to long . Time is always on the longs side when a company is working against the short.
Class action suit ? You really are full of it . When people buy this (and buy a lot of them) they will be well aware that it must be removed before closing the lid. That is the responsibility of every consumer. Nothing is hidden that would allow it to become eligible for class action. Keep trying to cover slowly Richard . You're really lucky that this is happening in a down market , otherwise you'd already be smoked !
Oh and BTW, it would not have cost a dime for Erikkson to make a video at CES. It would have taken 2 minutes and could have been done with a cell phone. This guy has about as much business savvy as a 2 year old.
RXR may be right about the Airbar. Just why didn't Neonode upload a video showing off the Airbar and how well it works . Instead, all there is is one lousy video of a journalist showing him dragging his finger across the screen . #$%$ ?! I simply cannot believe how poorly this company is ran. Your right Mike, I do think it has some bugs otherwise Erikkson would have shown it off. The question is, can those "bugs" be fixed before the release date ?
On a positive note, if it does work well if or when they release it, they will sell well judging by the interest in the product.
You have a company that had an SP of $8.00 at one point and now its $2.35 and the funds don't step in with a new product release? That is a problem ! CES is looking like the same disaster Computex was. I have to agree with Scover on this .. Eriksson is horrible. Someone needs to teach him how to promote a product and the tech for that matter. He was standing in the background during that video. Why didn't he step in and Proudly "show off" the Airbar? He could have shown it in detail. Instead, he did nothing but stand on the sideline.
And what about that stupid half assed video of the demo that doesn't even show any detail like scrolling , pinch to zoom or anything of real interest. What is management thinking? How about pulling their heads out and letting people know they have something special that knowone else has. No wonder the share price continues to fall.
It doesn't matter anymore what RXR says about the company. The fact is, the stock is hated and nearly ready to fall through another key support level. This doesn't happen to healthy companies. Im shell shocked at how badly things have went since the airbar announcement. The funds could give a sh×# !
I just looked on Linkedin. Neonodes employee count is up to 67. They have been hiring. The last time I checked it was at 62. I wish there was a way of finding out who they hired and what their titles are.
252,068 YouTube views . Over a quarter MILLION and rising . This is exciting !
Does anyone care to guess what the margin per unit may be? At $49.00 its extremely affordable.
171,476 YouTube views ,
514 thumbs up , 10 down (one of which is RXRs Im sure)
Overwhelming positive acceptance so far.
This is exactly what Neonode needs.
I have no idea of the margins that will be made but
I believe they will sell well. There is nothing on the market that compares.
I see you finally came to your senses and quit the relentless pumping of this stock which has been a disaster for most investors. If it's any consolation, Eriksson, Lars, Brunton and the rest of them are losing more $ than anyone else that was unfortunate to invest in it, including me.
Right, they have reduced their holdings but still hold a considerable amount. Overall, institutions have been selling as stated on the nasdaq site. How can that be positive? Support is down in the high 20% range from the mid 50% range. They are either concerned about a correction, poor performance or both.