NeoMedia Technologies, Inc (NEOM)

[jonesieatl]

drmyke, I see your point.

Would have been nice if OUR guys had done it like THEIR guys ... but they didn't.

Here is another interesting situation, just ran across it on another board since most posts which include the words 'Cornell' or 'YA Global' or 'Yorkville' or 'Angelo' find their way to me these days:

"ABEW .041 Airbee Wireless is in a world of trouble. Defaulted on Debentures and Golden Gate Investors can now seize and sell off their assets. I wouldn't be surprised if Golden Gate didn't short their stock to get it under .05 and trigger the default.

Similar situation to what happened to NXNO with Cornell."

(drmykie, I'll have to look into exactly what happened with NXNO/Cornell.)

Interesting IMO, as it possibly bears on what we see in other stocks, possibly even to what we're seeing in Neomedia?

Apparently nobody here can get a straight answer from our CEO as to whether or not we're technically in default with Cornell at this point in time. It's either because our CEO doesn't know and doesn't want to ask, or he has asked and Cornell won't tell him, or he knows and doesn't want to say. Hard to know. ;)

As our share price has dropped, the dropping has increased the number of shares due to Cornell as per the intricacies of some of the financings. Some say this increase in our share obligations has now actually taken us over our 5B shares Authorized, but I haven't done that math myself. Perhaps one of our resident accounting gurus could help out here.

So, at a higher PPS than here, we were not in default, and at this lower PPS we might be in default.

Whether or not Cornell (or ally) would have gone to the trouble to short NEOM in order to help get the price down in order to cause a default, well, we'll probably never know.

And whether or not Cornell would ever go to the trouble to "sieze and sell assets" remains to be seen.

The above is offered purely FYI, taken from experiences of other stocks in other, perhaps similar, situations.

Just take it as a "financial dot", just one more "dot" out there which may or may not ever mean anything to Neomedia. Kind of like a "dot" where another company gets bought by MSFT, insofar as that is suggested as being a 'similar' situation.

JMHO

jonesie