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With the recent news this past month alone, Neomedia is more sound than ever. I have been invested since 2003 and rarely post but the developments over the past month have increased my confidence considerably.
I have lived thru the rise to .75 cents and down to nearly zero without ever selling a single share because I believed in this technology.
YA will continue to dilute as they always have but this will be for the short term now. I finally see the end of this as revenue streams coming in will enable NEOM to become self sufficent day to day and pay back the Series C.
Neustar is bigger than most imagine. When they landed this company their credibility exploded and I believe this had a direct impact on Scanbuy to settle.
Scanbuy and the Pondering Primate (SS) ridiculed us for so long but many here were right all along. They now have to pay to play.
I enjoy readig the posts each day and will try to post more often. We have a winner here folks!
HC550
NEOMEDIA will not do a reverse split at this time in order to reign in the O/S count. This makes no sense at this juncture since there are plenty of shares for YA to convert and we are not trying to get relisted on a major exchange. A R/S does not make us more attractive in regard to a potential sale of the company. Contracts, licensing, revenue, and the value of the IP
are all that matter at this point. The goal of YA is to still sell this company and make as much profit as possible.
Shareholders like us are not important to YA, or Neo Management. I noted in the last CC that we are decreasing in numbers- from approximately 13,000 in April to around 10,000 now. This is a 24% decrease in shareholders and reflects the frustration many of us are having with the company.
I have held for six plus years now and never sold a share. I consider myself a small investor (700,000 shares) and have seen my investment go up and down to nothing. This money was written off years ago and I will hold on again. I believe that thru a sale I will make a modest profit, with the potential to make much more if we are succesfull.
There will be exit points for many of you in the future as I expect the price to go up the closer we come to the Scanbuy hearing in October.
I remain fairly optimistic for NEOM's future as we get closer to:
October Hearing with Scanbuy
Clearinghouse named
Licensing contracts awarded
Barcode adoption in NA
GLTA HC550
I have just finished listening to the shareholder conference call and would like to give everyone my thoughts for what they are worth. My frustration with this company has gone back 6 years now.
The dilution of shareholder value unfortunately will continue in the future. Management stated that very clearly.
Neomedia is legally bound to hold a shreholders meeting but will not until sued.
Conversion of prefered past 2/17/09 is and was illegal (imo)but will continue until they are sued on the issue.
Unfortunately if sharholders seek a lawsuit the plug will just get pulled after a significant delay in the proceedings (Scanbuy litigation is a perfect example)
There will be opportunities for existing shareholders to exit as the price is taken up for YA to sell. (My cost basis is too high to recoupe everything)
Wtih all the negative said, there is still a possibility for this company to be sold or make it thru licensing and click thru revenue. I still believe in the technology and our IP.
GLTA HC550
This happens everytime funding has been in doubt. I have seen it at least three times since 2003. Speculation, worry, doubting their investment. The long term posters do not participate in the back and forth. I have found their comments to be generally positive, encouraging, and helpfull.
I expect additional financing to be announced when NEOM believes it needs to be announced. They have not signed on to all of these partnerships to go under at the end of May.
HC550 GLTA
The discussion on the board seems to have focused alot on the settlement with Scanbuy and the lenght of time it is taking. As I recall, Virgin Mobile took a while to settle with NEOM and I believe we are closing in on a settlement with Scanbuy. We need to remain patient with our investment. I am confident that after 5+ years, we are nearing the beginning of a great run.
GLTA HC550
The quote by IM during the CC stated "Revenue generating deals the past few months." This statement could not have been publicly disclosed if it were not true. The key is how much and will these revenue generating deals provide NEOM with the necesary funding going forward.
As stated before, I do not believe we will go into default or be bankrupt by the end of May. I do believe that alternative funding will be disclosed before that date. The companies we have partnered with would not have done so if BK was a possibility.
Scanbuy will settle with NEOM but I do not anticipate this happening before the end of May. Pure speculation on my part but if Scanbuy thought delaying would lead to NEOMS demise they would not settle by the end of the month. This is the tactic they have used thus far and it has not worked. They will settle but after negotiations. I just see negotiations taking longer than one month.
EFF is an afterthought at this point. What they PR or do going forward about NEOM is meaningless. Their credibility is severely diminished.
All the above is just my opinion. I did add to my position yesterday.
GLTA HC550
I mind as well. I am no lawyer but the simple fact is that they are required by law to have a SHM and reputable companies abide by the law. The question of conversion rights under Series C expiring in February is a big deal and should be addressed not only like you did during the CC but at the SHM as well.
GLTA HC550
Revenue is being generated from recent partnerships. This was stated during the CC. No specifics as usual but the first time to my recollection that any company official has stated this.
Almost out of posts for me which has never happened. I noticed today that there are many long time investors here that normally do not post but have decided to post today. IMO, the news coming from this company is spectacular.
Beta and trial testing sucessful and now partnering with big players in Europe.
Revenue generating deals.
Patent upheld and strenghtened.
CEO of Scanbuy willing to license.
First time I ever heard any of our CEO's say that YA is not opposed to us finding alternative financing(which I believe will happen before May 30th).
Anyway, thanks to all who contributed to the QnA and the updates. GLTA HC550
The CEO clearly stated that he is not working to fulfill a clause in his contract. He stated he is working to create a viable company with revenue streams from licensing the IP.
IMO, sale of the company is off the table and financing is being worked on behind the scenes thru "revenue generating deals" that were recently PR'd. In addition, a caller asked the question about future dillution and how financing has caused this and wether or not there were plans to obtain a direct loan or third pary investor. The response was yes to both and that YA would not oppose this course of action.
HC550
I listened to the whole call and posted along the way. My thoughts on the call are positive. They released news to us that said recent deals were revenue generating. They did not give details nor should they in a cc. Funding is not a concern to me. The tone I got was we cant tell you whats in the works. Neustar, IQ mobile/Nokia, and recent PR this morning indicate players working with Neom long term not "5 weeks were out of business." Best new developments I have seen in years. The PPS is going to bounce back up. Sellers this morning are buying back in this afternoon. I will continue to hold long term.
GLTA HC550
Claw, thanks for your question. It was direct and to the point. I believe their interpretation is wrong as well.
HC550
Point n Click application from Nokia is different from our NeoReader.
"Patents are more valuable as an operting business to us and to YA" Seems sale is not on the table at this point.
Final question:
No further financing what is the possibility of going BK?
Possible but least possible. we can only comment on facts and committed financing we have in place now. We have been less than five weeks before.
Seems to me they have something behind the scenes tht is not finalized therefore not disclosable now.
HC550
Funding thru the end of May question. Considering the idea of multi year licensing? Straight term loan possible? History of dilluted financing can we change that?
We have alot of going concern issues and history that has put us benind the eight ball. we have taken action recently to become a more investment company so that dillution is stopped. Licensing IP to gain revenue is a key strategy. Trying to get up to speed in generating revenue.
Conversions Rights C have been stopped in February? Answer: Not seen as a limition on conversion rights. Continues to be convertable!
ETrade Representative:
Any offers on the table? A- Open to brining in other potential shareholders/financing.
Committed funding thru the end of May beyond that no firm committments.
400 million new shares?
Converted Series C to common. YA distributed their shares to three of their investors who converted to common. settle a debt to a former contractor.
Sale of company question Mc cready contract provision sale of 2009? pushing back that dte.
A Growing a vialbe business and create real revenue. Not consentrating on a date in my contract. cant sell a company with smoke and mirrors.
YA is open to other funders coming in!!!!
Direct marketing agency question:
Q When can I reasonable see neoreader embedded on phones.
A We anticipate carrier(s) will deploy our reader by end of year.
Costa Rica working through local partner there. Presentations to big brands and looking to finalize deals there.
Scanbuy case: judge sets timeframe. "we are looking forward to moving on at a fast pace."
Geographic focus now being discussed. Europe and Nroth America are the focus.
Key strategic goals is to demonstrate reliability of our barcode scanning technologies.
Q n E starting
"several revenue generating deals in the last few months." mentioned Nokia. Did I hear that quote correctly? deals in the last few months are generating revenue?
Funding: last round of funding suported us through April not January.
Licensing programs will fund operations
USPTO strenghtend our position for court challenges.
Legal remedies will be taken for those who do not license and violate patents
Scanbuy transfer will help bring the cases to a sucessful conclusion.
So far only 8k and 10k news re-hash,
i am in hc550
I do not want to see a sale of Neomedia. The potential for the company going forward is much greater in my opinion. Everything discussed here leads me to believe a sale is coming except the Neustar PR. It does not make any sense to partner with Neom only to have it sold a short time later. I would think that the possibility of a sale in the near future would have to have been disclosed to Neustar if Neom were in discussions with possible suitors. Scanbuy seems to me to want to settle with Neom but wouldn't they wait to see who Neom was sold to at this point in time? There is no way a near term sale of the company could remain a secret within the investment community. It would seem to me that price movement past the PTO decision rise would have already been seen. Oh well what do I know, been holding this since 2004 and will not part with a share until this story ends. GLTA HC550
Recent events surrounding NeoMedia Technologies have been extremely positive in my opinion. Following the USPTO decision and the interview with Scanbuy CEO, yesterdays 8K was full of surprising good news. Many posters had speculated that loose ends on the financing would need to be tied up and that has happened. It appears to me that Neom received an extension of the March 2007 Debenture until 7/29/10 and the July 2008 SPA matures on the same date. If I am reading this right, Neom cannot be in default until 7/29/10 (please correct if wrong) and if the sector continues along its present course we should be well on our way to breaking even/profitability by then.
I do not post very often but read the board daily. I have added to my position slowly over the past 5 years and will not give up on this stock. I do not support a buyout of this company as I believe this will only yield a fraction of the potential profit possible for the current investors here. I will copntinue to hold my position until we have reached our full potential which I believe is a multi billion dollar company.
GLTA HC550
Shareholder since 2004. Finally back to green at .0368 I read this board everyday. GLTA HC550
Thanks AMIN.. makes sense that my credit union is doing this since it is the U.S. Senate FCU in DC.
HC
Can anyone advise if there was a relationship between NEOM and check 21? I seem to recall this from sometime ago. I have been following RB message board and signed on to this one awhile ago but do not post often. The reason I ask is that I saw that my credit union is introducing check 21. Thanks for any info, HC
New to IHUB but have been invested in NEOM since September of last year. I have been reading the RB board and just got tired of the negative postingsand off topic discussions. GLTA, HC