The Neo-Market Report

By stereolab

Yet again it is time to sit in with Neopia's leading financial forecasters for another installment of The Neo-Market Report. This week our hosts will be joined by Bertrinn Kikonnis, the President and Founder of Neggwork Commerce. And now, here are Neil and Maria…

KAUVUTO: Hello, and thank you for joining us once again for this week's edition of The Neo-Market Report. As always I am your host Neil Kauvuto, and I'm joined by my lovely co-host Maria Blumaroono, who's at the News Desk with the latest scoop from the floor of the exchange. Maria, take it away…

BLUMAROONO: Thank you, Neil. It looks like the market is finally coming to life. The Neodaq was up a quick nine points in heavy trading on Friday morning, and it looks like the index will continue to climb throughout the afternoon, as this sudden flurry of activity doesn't seem to be letting up. Some of those who have benefited most from this sudden rush include Peophin Water Parks, whose value has risen 78 NP a share, and Cybun Electromatics, whose stocks have gone up a dramatic 65 NP a share since dipping below the 500 NP mark last week. But the biggest winner continues to be Jacko and Sons Painting Ltd., which emerged from this morning's heavy trading with a phenomenal two hundred point jump for the week.

KAUVUTO: However, in spite of the sudden rush of activity on the floor many companies are still feeling the brunt of this recent Recession. Among those continuing to take losses are the Unis Beauty Salon, which followed up last week's 133 point drop with another 98 point plummet this week, and the once-mighty Tech giant Yippee!, which dropped an incredible 225 points this week, bringing it's two week total to nearly an 800 NP a share loss.

BLUMAROONO: Joining us today is the President of a company that has seen its share of woes during the New Year. Starting the year valued at nearly 4,000 NPs a share, Neggwork Commerce has seen it's stock price plummet to a miserable 96 NPs a share, where it currently sits. Bravely showing up today to take the heat is the President and Founder of Neggwork Commerce, Bertrinn Kikonnis. Mr. Kikonnis, thank you for joining us…

BERTRINN: Glad to be here, Maria. And please feel free to call me Bert.

BLUMAROONO: Thanks, Bert. Now, I know this might be painful to discuss but could you please tell us what happened to Neggwork Commerce? I mean, as everybody knows the company was making some serious money, and then all of a sudden, BOOM! everything falls apart.

BERTRINN: Well yes, I suppose it certainly looks that way, doesn't it? Now, as you guys know, after all the scandals with ChiaTech the consumers lost confidence in the market, and the stock prices dropped like a shot. I mean, it's not like we're the only company that's taking a beating, especially of the Tech Stocks. You can look at Yippee!, or Kacheek Telecomm, or even Lupe Consolidated in the consumer retail sector…let's face it, things are tough all over.

KAUVUTO: Granted, but then again the decline of those companies has been nowhere near as swift and dramatic as that of Neggwork Commerce. There are those who say that your demise was hastened by the incompetence of your CFO, Stolten Koifert. Is there anyone within the ranks of your company whom you feel is directly to blame for what is happening now?

BERTRINN: Well now, in all fairness to Stoltin, as [Cybun Electromatics CEO] Cyberta Green said when she was here a few weeks back, how were we supposed to know that the whole scooter thing was going to dry up so quick? And once it did play itself out, what are we supposed to do, just pluck another phenomenon like the Cybun Scooters out of thin air?

BLUMAROONO: True, but if Koifert's responsible for Neggwork Commerce's financial well-being, then isn't it his job to make sure that the company isn't in a vulnerable position if such a situation arises?

BERTRINN: I suppose you could say that…but let's face it, the guy's not a miracle worker! I stand behind Stoltin one thousand percent, and I think that making him the scapegoat in this whole situation is simply unfair. If anyone should get fired over this, then fine, FIRE ME!

BLUMAROONO: Um, Bert…they can't fire you. You own the company.

BERTRINN: Oh yeah… I do, don't I?

KAUVUTO: Well, that's going to have to do it for this week here on The Neo-Market Report. For Bertrinn Kikonnis and Maria Blumaroono, this is Neil Kauvuto saying thank you and so long…