NeoMedia Technologies, Inc (NEOM)

[jonesieatl]

Sure hate to see NEOM spend this ...

http://investorshub.advfn.com/boards/read_msg.asp?message_id=28007548

"William Hoffman is employed under the terms of an Employment Agreement dated June 18, 2007, whereby if he is terminated without cause or due to a change in control, he is entitled to 18 months salary, currently valued at $375,000, and accelerated vesting of one-half of any remaining unvested portion of the initial option grant of 20 million options. If Mr. Hoffman resigns his employment with us for good reason, he is entitled to eighteen months salary per his Employment Agreement. Mr. Hoffman's initial option grant vested 25% on the date of grant, with the remainder vesting in equal monthly installments over 48 months."

Great.

"Apparently" CH did nothing beneficial for us at all. Yet he got paid "handsomely" for the last year, got a bonus for doing nothing, gets another $375,000 now, plus millions of options for 'just in case' somebody else can do something for the NeoMedia share price.

So that's two people involved with NeoMedia recently (forget the past incompetents-or-worse) who have quite a racket going on. And they love it. When I pointed out, in person, to CH how GO was consulting for so many companies with that same $1000/day deal we paid him for 211 days last year , AND was CEO of a British-based company, his comment was "good for George".

I said it before, GO was likely CH's role model lol.

"Money for nothing and the shares are free". (to the tune of ... you know lol)

So if we powerless shareholders said something to Iain about how ridiculous it would be to pay CH that parachute payment .... would he say "good for Chip"?

Was last week's convertible debenture which right up front nets down to $441,000 done to pay CH off? Actually I would guess not, they need money to pay the lease and lights and from yesterday's PR we at least know Terry is still there.

Frank Pazera might not be though.

From yesterday's 8-K on the financing:

"By:
/s/ Scott Womble
Name:
Scott Womble
Its:
Chief Financial Officer"

Is that an idiotic typo and/or copy/paste carryover from a previous 8-K, or is that reality?

Ya just can't make this stuff up folks.

jonesie