NeoMedia Technologies, Inc (NEOM)

[Andrew138]

Distribution of PUPS shares

For those who are anxious about the distribution of PUPS shares by NEOM, please look at the latest 10Q, on page 48 you will see the following:

"During April 2006, NeoMedia announced its intention to issue a stock dividend with the distribution of common shares of PUPS common stock as a property dividend. NeoMedia intends to distribute 8,333,333 shares of PUPS common stock, which it acquired in February 2005, to NeoMedia shareholders of record as of April 28, 2006. The shares are to be distributed at such time as PUPS files and makes effective a registration statement registering the shares. As of September 30, 2006, PUPS had not filed a registration statement and is not legally obligated to file a registration statement."

Up to now, no one, neither PUPS nor NEOM has filed a registration statement with the SEC. PUPS is not legally obliged to file the registration statement, so do not hope for that to happen. We will have to wait till eternity for the PUPS dividend to be distributed, so to be realistic, forget it.

NEOM should not waste any time and money on this matter, but simply sell its PUPS shares to realise some much needed funds.

To know just how much we will miss by not getting the PUPS shares as dividend, just look at the current value of the PUPS shares that we were supposed to receive. If you own 100,000 NEOM shares on April 28 2006, you will receive approximately 1389 PUPS shares. At current pps of $0.006 approximately, that will be worth $8.33. Big Deal!


Andrew138