Neo Energy Metals Share Discussion Threads

[polythene] 16/12/2009 10:00

Is there information missing from this morning's RNS? Is the meaning that Deutche bank's holdings have gone from above 12% to 11.6%?

[grbaker] 09/12/2009 09:42

I'm an holder here (wish I wans't) but I have to admit, all these RNSs are sounding a bit desperate...

[restassured] 08/12/2009 08:23

Somethings cooking

[restassured] 07/12/2009 14:20

Paypal bid? Someone is going to make a move......

Almost 10% of the co has trade in as many days

[targatarga] 07/12/2009 12:41

stock movement today'''''

[restassured] 04/12/2009 14:54

We will always be the last to know.

[davidlloyd] 04/12/2009 14:52

Something afoot?

DL

[restassured] 02/12/2009 13:24

4% of the co traded so far today

[grbaker] 01/12/2009 10:40

That would be nice... it occurred to me that the six month delay on enforcing the Internet gambling ban could be to allow Frank's bill to be read/debated etc.

Of course, there's the obvious reason for delaying six months: the bill is un-enforceable, as, I understand, it doesn't even define exactly what an illegal gambling transaction is!

Therefore:

1. Wait six months
2. Pass Barney Frank's bill - or not
3. Problem with old bill goes away and the tax. flows in - or there's more delays while somebody works out how to implement the ban on gambling transactions on a state-by-state basis and/or under the wire act, or for a re-write of the old/new bills... and no tax. flows in

Which sounds like the path of least resistance to the US government I wounder?

Still, NEO has a long way to climb back to the £6+ it was when they were involved in Internet gambling transactions...

[restassured] 01/12/2009 09:09

Yes presumbaly it would be extremely easy for them to re enter the market.
They probably still have contact details for the hundreds of thousands of previous customers.

I heard that something could be voted on Barney Frank's bill as early as this month.

[grbaker] 30/11/2009 10:54

Does anybody know when Mr Frank's bill will be voted on?

I personally doubt that NEO will be able to claim a cent back... but I'm sure they'll look into it...

...once it's online gambling is regulated, unless they ban foriegn companies from the trade, then obviously NEO will be able to once again add real money transfers to their payments system in an instant (if they want to).

If anybody knows any reason why they couldn't do this, please post it!

[restassured] 30/11/2009 07:59

Frank's committee in September 2008 passed a bill to overturn the ban, but the full House never acted on the measure. Frank earlier this year reintroduced the bill, which would effectively overturn the ban and create a framework for the Treasury to license Internet gambling operators, collect taxes from them and enforce rules for transparency.



nb If this happens does Neovia(Neteller) have a case to reclaim the hundred and fifth million odd dollars that was stolen from them by the US justice department?

Secondly would this allow Neovia back into the highly lucrative US onlone gambling market?

[restassured] 30/11/2009 07:57

U.S. Internet gambling ban delayed 6 months
In a joint statement, the Treasury and Fed said the December 1 implementation date for the law passed in 2006 would not be achievable for some financial institutions
November 28th 2009


WASHINGTON, USA: The U.S. Treasury and Federal Reserve on Friday delayed the implementation date for a new Internet gambling payment ban for six months, a move that gives lawmakers time to overturn it or end confusion over illegal practices.

In a joint statement, the Treasury and Fed said the December 1 implementation date for the law passed in 2006 would not be achievable for some financial institutions. They set a new compliance deadline of June 1, 2010.

"Commentators expressed concern that the act and the final regulation do not provide a clear definition of 'unlawful Internet gambling,' which is central to compliance," the two agencies said.

In addition, they said certain members of Congress have "expressed an intent to consider legislation that would allow problematic aspects of the act to be addressed."

The 2006 law, which cost European Internet gambling companies billions of euros in lost market value, prohibits credit card, check, and electronic fund transfer payments by U.S.-regulated financial institutions in connection with "unlawful Internet gambling."

But rather than define what types of gambling are illegal online, the bill relied on existing federal and state laws to answer that question. It also still allowed any online horse race betting permissible under the Interstate Horseracing Act of 1978.

Frank seeking to overturn ban

Congress passed the anti-gambling legislation in 2006, when Republicans still controlled both the House and Senate. The final regulations issued to enforce the ban were issued by the Treasury and Fed just before former President George W. Bush left office in January.

Representative Barney Frank, who chairs the House Financial Services Committee, in October urged a 12-month delay in the implementation because of confusion over what kinds of online gambling were illegal under the bill.

Frank's committee in September 2008 passed a bill to overturn the ban, but the full House never acted on the measure. Frank earlier this year reintroduced the bill, which would effectively overturn the ban and create a framework for the Treasury to license Internet gambling operators, collect taxes from them and enforce rules for transparency.

On Friday, Frank praised the Treasury and the Fed for delaying the regulations, which he said would "curtail the freedom of Americans to use the Internet as they choose" and put unrealistic burdens on financial institutions.

"This will give us a chance to act in an unhurried manner on my legislation to undo this regulatory excess by the Bush administration and to undo this ill-advised law," Frank said in a statement.

Frank has scheduled a hearing next Thursday on the legislation, dubbed the "Internet Gambling Regulation, Consumer Protection and Enforcement Act."

The six-month delay will allow banks to establish policies and procedures to require gambling businesses to document the legality of their activities, the Treasury and Fed said.

[restassured] 30/11/2009 07:55

UIGEA Postponed, USA Gamblers See Temporary Respite

Gambling News - November 29th, 2009


The Unlawful Internet Gambling Enforcement Act of 2006 has been postponed, allowing financial institutions another six months to meet compliance to the draconian banking restrictions regarding most forms of USA Online Gambling.

Petitions from both Political Action Committees and even government officials had brought the issue before the Treasury Department and the Federal Reserve. The UIGEA has henceforth been delayed and postponed until June 1st, 2010.
Players had been contending with the looming threat of increased difficulty with many USA deposit methods, as banks and credit bureaus would have been unable to process most transactions that had been related to online gambling. With the ban temporarily delayed, players will continue with business as usual through their favorite USA online poker rooms, casinos, and sportsbooks.
With the delay in place, legislators have managed to buy some time with repealing or reworking the UIGEA. Barney Frank, a Democrat in the House of Representatives, has been working to remove the UIGEA and indeed regulate online gambling through his bill H.R. 2267, the Internet Gambling Regulation, Consumer Protection, and Enforcement Act. This Act would set the framework for the taxation and regulation of online gambling, including casinos and poker rooms. Over 60 cosponsors have signed on to the Bill, and all parties involved have been carefully deliberating over the matter.

Online gambling is a multi-billion dollar industry, one that remains untaxed and unregulated. These billions are being shipped over seas, left untaxed. Indeed, winnings from these casinos are rarely taxed, as players are not typically required to declare their winnings or loses from online gambling sites.

With six months remaining on the deadline, a repeal of the UIGEA or at least relaxed restrictions, could become a reality.

[aspex] 30/11/2009 07:49

Neovia shoulod try to reclaim their $186M

[woozle1] 22/11/2009 18:24

rest .. is there some more news about legalising online gaming the US?? .. I know that there are a few bills being passed around but didn't know of new news ..W

[restassured] 18/11/2009 20:48

So now they are going to legalise online gambling in the USA!

It was clearly the strategy put the foreigners out of business and let the Paypals clean up

USA leader of the free world?My A%SE!

[welsheagle] 18/11/2009 17:07

From November's 'Company Refs', when price was 55.5p:-
a/ Prospective PE ratio of 13.3 (based on three broker forecasts, two recommending 'buy').
b/ Forecast growth in eps of 40.4%.
c/ Margin of 9.48%.
d/ Net cash per share of 45.2p.
e/ Price to sales ratio of 1.28.
f/ Turnover up from £43.1m to £52m in last five years.
g/ Net asset value per share of 56.9p.

[targatarga] 09/11/2009 15:09

polythene - probably, thing is this lot are in no hurry....

[polythene] 09/11/2009 14:43

Somebody Blink! No trading despite poor statement on trading performance. Many a share would be hammered after that statement. Is the takeover that inevitable?

[aspex] 26/10/2009 23:38

FT move will keep any takeover honest......

.....or are they trying to screw a higher price when it happens?

[restassured] 26/10/2009 08:35

Franklin Templeton have doubled their stake from 5 to 10%


Maybe we should follow!

[icarus4123] 23/10/2009 08:33

Tipped by Moneyweeks Paul Hill, PGI, buy up to 95p

[aspex] 14/10/2009 07:44

These latest two agreements show the depth of traction needed to make their system work and add value.
These can be big numbers and also offer NEO the ability to gather other similar opportunities.