NeoMedia Technologies, Inc (NEOM)

[jonesieatl]

You're very welcome.

As I said yesterday, I wanted to get as good a read on "Chip" as I could from known information, so it helped me to put things in chronological order. IMO you can sometimes get a feel for whether you're looking at a rising star or a falling star.

I'd like to hear others' opinions on it. To me, it's a bit confusing.

On the one hand it appears that Mr. Hoffman brings a wealth of experience, contacts and past successes to the situation here at Neomedia, although one always has to be cautious about taking the grandiose hyperbole of PR's as absolute gospel.

On the other hand I see a movement from bigger companies to somewhat smaller companies. Nothing wrong with that, bigger fish in a smaller pond can be very good.

He also seems to be pretty shrewd (certainly on his own behalf) as he was able to turn a one-year severance agreement into a three-year severance package even though going into business for himself (founding VectorLink) seemed to be the reason for leaving Logix. See chronology.

Then on to being somewhat 'self-employed' while performing consulting/turn-around services and serving "at the pleasure of numerous large private equity firms", until CEO'ing one of those successes (MobileSys/mBlox) for a while.

Then back into business for himself for a while.

And now he has arrived at Neomedia, a struggling otcbb company which suffers form Morbid Sharecount Obesity, Cornell Cancer, and Premature Acquisition Syndrome.

So we now have two "turn-around specialists" on board, both having other irons in the fire. George O'Leary certainly is spread a bit thin with all of his other "turn-arounds" in the works, and for all we know Chip Hoffman still has commitments related to Uniqua/VectorLink.

I guess it's a mixed bag. I'm glad we've got a new CEO, Chip seems to have lots of experience, we've handed him a nice pay package (perhaps his nicest yet? Have to check mBlox if possible) and we have given him the opportunity to buy 40,000,000 NEOM shares at non-incentivized prices.

I hope he has OUR interests at heart somewhere in there.

All JMHO

jonesie