NeoMedia Technologies, Inc (NEOM)

[jonesieatl]

I wonder what's going on at 'HQ' in Atlanta?

Still paying the rent?

From the 2007 10K "Our principal executive, development and administrative office is located in Atlanta, Georgia. We occupy approximately 10,025 square feet under the terms of a written lease from an unaffiliated party which expires on September 29, 2011, with monthly rent totaling approximately $11,250."

I guess they don't really need all that space since it turned out they weren't really hiring employees at breakneck speed.

How many employees now? From the Q:

"On April 29, 2009 the Stock Option Committee of the Board of Directors approved a resolution granting 6,548,540 stock options to 14 of our employees and directors to partially compensate them for reductions in salaries and fees related to our cost control measures."

How many directors? 3 listed on the website. (They certainly deserved more options as compensation for reductions in fees, they have done a really great job to date.)

So NeoMedia had at least 11 'employees' (including Iain?) on April 29. How many of those are in Aachen Germany? The remaining few have plenty of elbow room in 10,000 sq. ft. I guess.

jonesie