Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Your opinion of our CEO is very misguided and her track record in increasing shareholder value, which was a top priority for her, has never materialized. You keep stating that the next big PR will do the trick but what out there is bigger than Microsoft? We gave the licensing deal away to them or got a minimal fee based on our established fee structure. Alternative financing MUST be approved by YA. I see only another reverse split in our future if we continue on our present course. Buy at this level and trade when it hits over a penny and double your money. It will come back down to this level again. Look at the historical prices-the pattern is clear. This is only my opinion and I have been invested here since 2003. GLTY HC550
Thanks for the information. It does not really matter as there was no way any specifics of the deal would be announced. As Pop always says you can glean the info from their 10K and 10Q's. In addition, the license fee is already set and standard for all who license the patents. Revenue growth and debt reduction are the only things that will drive this up and keep it up. HC550
They never release this information even in the 8K. We will never see the terms, if we do it will be a first. IMO. Enjoy the run. HC550
They are buying it. Thats the problem. He knows what he is doing and as long as he puts his disclaimers in the reports he is covered. Sells shares to fund himself nothing more. IMO
Agree completely. I have been in this stock for well over seven years now and got out yesterday when the gift of.03 was given. EY has over 200 million shares that he gave to himself to sell into any news he chooses to release. I have said it before, these LOI's and MOU's mean nothing. GLTA, HC550
She releases what she is authorzied to release by YA and I know what folks will say, YA can't do that but we know that is not the real truth. YA still in control for sometime. God I hope I am wrong-big time.
I said as much the other day. Too many PR's in front of this one folks. We are in for a rough ride. The good doctor better know something.
This will get released in the 10K. IMO there has been too much news prior to the 10K and Neomedia has a history of doing this prior to a poor 10K. Lets hope for the best. Been here since 2003 and seen it all with this company. GLTA HC550
wow! good for you. I had no such luck. HC550
Is there anyone out there who doubts that this recent run to .09 was nothing but a sham? Tried to sell mine but our esteemed Chairman/Hull Services Consultant/Give myself 250 million shares Eliron was the only one allowed to sell. IMO HC550
The share price was at .09 and is down to .025. I have tried to sell my shares three times withut success. Can't even dump what I have so I will wait it out and keep trying. Maybe a few fluff PR's will come along and I will get lucky. Sorry it does not look good at all. GLTA/IMO HC550
This company is a shell and has had an inflated stock price on loi's and "exploration" pr's. Nothing but a ploy to sell stock for the president who consults with himself (Hull Services) charges a fee to consult himself, then gives himself shares in place of the fee and sells those shares to the public. All in my opinion. HC550
Or... perhaps they expect news from the European patent re-exam by then. A positive result (highly unlikely) would no doubt spike the pps up and pave the way many longs to exit. GLTA HC550
If this patent ruling goes in Neomedias favor this will be my exit point. There will be a very short term spike and then the bottom will drop out again as it did the last two patent re-exams. However, the odds of it being reversed and going NEOMS way is a longshot bet at best. Still, I have my sell order in at my break even point. GLTA, HC550
The 240% increase in scans is nothing to get excited about. Since we do not know how many recorded scans there were last year there is no baseline to compare. As NEOM has done in the past, this news release is for the benefit of our debt holder to continue the dilution of our stock. Had the number of scans been significant they would have reported it along with the percent increase. GLTA. This is my opinion only and based on the number of outstanding shares increasing Q over Q. HC550
This PR is nothing. It has no substance whatsoever and is designed to keep interest going. No deals, no mines bought or leased, only LOI's and "here are the areas we are interested in" PR's. As stated before, EY who holds 250 million shares and pays himself in company shares to give himself advice through Hull services. He is using this shell company to make a few dollars for himself. When a mine is bought or leased let me know. GLTA HC550
Post # 235763 is the best I can come up with. It may not meet with your definition of control but it does meet with mine.
Well, the deliberative assembly described in "Roberts" would be a good start as in: A shareholder meeting. You take offense for no reason. You know that YA controls Neomedia from a financial standpoint and thus they control the company-its in the Q's and K's GLTY, HC550
YA controls it all. Pop knows this. We all know this. It is stated in the 10Q's GLTY HC550
To be honest I am very confortable knowing this guy is in charge. Had you been around a while you would not have this comfort level. He will make money off of selling shares again just like he did with activeshopper only now its gold, precious metals, and non binding LOI PR's. GLTY HC550
In all likelihood, YA has little more board governance than a paid observer. They certainly don't have the majority they need to set policy. Pop-now that is funny stuff! You gave me a good chuckle on that one. HC550
Great! EY has another advisor to the company other than himself. He has paid himself 250 million shares to provide advice to himself and now he will use some of those shares to get advice from this guy. And.... now we have paid touts posting to the board telling us this is going places. The pump is in full swing! Be careful. IMO, GLTA
Pop, here is what I read in the 10K and 10Q reports. No matter how you slice it or dice it they control who we borrow from.
10Q May 2011
Sources of Cash and Projected Cash Requirements - As of March 31, 2011, our cash balance was $49,000. NeoMedia’s reliance on YA Global as our primary financing source has certain ramifications that could affect future liquidity and business operations. For example, pursuant to the terms of the debenture agreements between us and YA Global, without YA Global’s consent we cannot (i) issue or sell any shares of our common stock or our preferred stock without consideration or for consideration per share less than the closing bid price immediately prior to its issuance, (ii) issue or sell any preferred stock, warrant, option, right, contract, call, or other security or instrument granting the holder thereof the right to acquire our common stock for consideration per share less than the closing bid price immediately prior to its issuance, (iii) enter into any security instrument granting the holder a security interest in any of our assets or (iv) file any registration statements on Form S-8. In addition, pursuant to security agreements between us and YA Global, YA Global has a security interest in all of our assets. Such covenants could severely harm our ability to raise additional funds from sources other than YA Global, and would likely result in a higher cost of capital in the event we secured funding.
Additionally, pursuant to the terms of the Investment Agreement between us and YA Global in connection with our Series C preferred stock, we cannot (i) enter into any debt arrangements in which we are the borrower, (ii) grant any security interest in any of our assets or (iii) grant any security below market price.
10K Annual Report April 2011: Page 30 to 31
Under our security agreements with YA Global in connection with the convertible debentures, YA Global has a security interest in all of our assets. Additionally, we cannot
enter into any debt arrangements in which YA Global is not the borrower,
grant any security interest in any of our assets, or
grant any security below market price.
GLTA HC550
Not as long as YA is in control. They control all financing deals and have the right to refuse any new or alternative financing arrangments. They will get out only when they want and only after they fully dilute. Trade it and hope to make a few bucks. Unfortunately I need .35 per share to break even and that is not going to happen. If I get to 50 % I will be gone. Been here since 2003. GLTA HC550
Here are some facts for you all taken from the most recent 10K: In March 2005, we entered into a Consulting Agreement ("Consulting Agreement") with Hull Services Inc. ("Hull"), a company wholly-owned and controlled by Eliron Yaron, the Chairman of the Board of Directors and the Principal Executive Officer of the Company. Pursuant to the terms of this Consulting Agreement, we pay to Hull $156,000 per annum in installments of $3,000 per week for Mr. Yaron’s services, in addition to reimbursing all reasonable expenses incurred in connection with services rendered on behalf of our Company. As of December 31, 2010, accrued
and outstanding fees to Hull are $440,594. The Consulting Agreement has been automatically extended until March 2012.
In the April 8K submitted, the company authorized 250 million shares to be issued to EY for consideration of 250,000 in debt owed to Hull services(Hull is Eliron Yaron). Thats 1000 shares for every dollar in compensaton! So for every 1000 shares he sells into the market at lets say .o3 per share he get 30 dollars for every 1. For consulting services he provides to himself.
Not bad! Be careful folks. IMO GLTA hc550
The same way he financed the old Shelron and activeshopper. Via share dilution and ultimatley a reverse split. I understand he is trying to get this thing back up and going in a new direction but putting up a website, signing MOU's which are non-binding, and attending a conference are not reasons to get overly excited. He has to get financing which will mean the issuance of warrants which can be converted to preferred or common shares. He has 250 million shares he authorized for himself. He pays himself a consulting fee and a yearly salary and the only way to pay for this is to sell shares. Anyway, I sound way to negative and truly hope that I can get back some of my losses. I guess for those who are entering at this point the risk is worth the possible reward but EY has just not produced. IMO, GLTA HC550
Sure it is. You all are killing me. When EY announces he has bought a mine or mineral rights then you can get excited. Anything less than that is hype to sell shares. IMO HC550
Please let me caution everyone that this MOU PR is similar to what we have received in the past from our esteemed owner EY. I like EnergyWave have held this stock since 2003. He has alot of shares to put out there and needs to generate these PR's in order to do it. I really had written this stock off so it is good to see some life but I hold no illusions that I will ever get to break even. ActiveShopper was going to be huge for this company and we had plenty of non-binding MOU PR's that failed to materialize. The reverse split crushed us longs. When EY actually buys a mine or mineral rights then I will get cautiously optomistic. Until then its all talk. GLTYA HC550
Stock message boards for proof? Come on. A blind man can see what is going on. Look no further than the voting rights they afforded themselves.
Did I see written in the 10K they can accept, reject,or modify any financing offers?
I have never said that what YA is doing is illegal.
Driving with a BAC level of .03 may not be illegal in the state you reside but when you crash your car and injure or kill someone else you can bet no one will care you were under the legal limit. YA is the same as the driver here. They may be a legal enterprise but ethicaly/morally wrong in how they conduct business. Keep the faith, Pop.
HC
Pop, you are really splitting hairs here. YA is in complete control. They control the board, the CEO, all press releases, all financing options the company may try to enter into, where any revenue generated by neomedia is applied, what is reported in the quarterly reports, who is hired/fired, who gets paid for services (1.75 m hostage), what par value per share is, the number of authorized shares, and majority voting rights for any issue that requires shareholder approval. Good grief, am I missing anything? To say anything otherwise is...... Well, I wont go there. Here since 2003 and hoping for the day the company is bought out.
HC
He has never been able to close any deals with any real success. Activeshopper had real potential but he let that die on the vine.
HC
I keep holding my stock in the hopes that one day it will be worth something. I cant bring myself to try to sell it and not sure there would be a buyer anyway. Holding until it is dead. HC
Thanks Sean, as I recall they were scanning them for information pertaining to date of packaging, drug maker,destination,content etc. HC550
All: I saw a comercial last night for IBM that featured innovative technology in tracking perscription drugs via QR Codes. 30 second slot on the History Channel. It showed the code being scanned on the bottle. No mention of Neomedia but thought it was worth posting as it is the first time I have seen it on TV. HC550
Have not posted for sometime but still maintain my full position pre split and just added the other day. I can understand the frustration of many here but I remain optomistic about the future of this company. The growth of the sector is evident and this was a sign we had all been looking for years ago. I fully support the lawsuit brought by Clawman and believe this is why we have not seen the dumping of shares. Even if it ends with no decision in the common stockholders favor I am happy that they will have to respond and defend their actions.
Neomedia was a long shot for all of us in the first place. I will hold till the end.
GLTA HC550
When you compare Neom in 2009 with the previous year it turns out there was alot accomplished. Many of us have spent years waiting for the real launch of this technology. It is upon us now. I expect Neom to make great strides in 2010 and improve upon their 2009 sucess. Revenue generated or merger/buyout will be the only thing to propel the pps and I believe that will happen for us this year. Good luck to all in 2010.
HC550
Agree, no money for pre-load. The important point in this pr is that NEOM has established themselves as legitimate enough to warrant a preload on SE phones. SE would not allow a reader to go on their phones if the product did not work and they did not expect it to generate revenue in the future. Credibility/reliability in the industry is what this pr is all about. Just the begninning imo.
GLTA HC550
Many have brought up the potential for a sale of the company. IM's contract, the two different dates aside, clearly spells out the incentive for a sale but I am hopeful that this does not occur. We are so close to deployment of the barcode scanning ecosystem that the profit potential is greater for me if we remain as we are. A partial buyout that eliminates YA is a good thing as long as I retain my shares. Thats the key for me.
My two college age kids dont go anywhere without their phones. When I asked them if they would click a 2D code on a poster in a movie theatre if it allowed them to see a movie trailer they said "you can do that!" I asked them if they would comparison shop using their phone, download coupons in the store, enter for free prizes/discounts you name it and their response was very positive. So I asked if they would mind if their preferences were stored, where they shop, what their likes and dislikes were, where they ate, saw a movie etc and they just laughed. Didnt care at all that someone would be tracking them (big brother concept). They said they know its done on Myspace, Facebook, Twitter. While I care more about those things than they do my generation will not be the target audience of this technology.
A sale of the company? Lets hope not yet. Too much to look forward to. Neustar, Scanbuy, Bems, Licenses, generating revenue. 2010 is our year.
GLTA HC550
While I do not normally post very often, I would like to take the time to correct your response to me. I advised that NEOM "has moved forward in a big way" as in past tense, and was not predicting future performance. I do not believe this statement is a stretch given the latest news in October alone.
When you have held this stock for 6 years like some of us have, the wait of 6 months until April revenue reporting is nothing. I am content knowing that NEOM has moved forward in a big way. This technology is the future and we are going to be a player who gets their fair share of the market.
HC550