All these conspiracy theories, manipulation theories, basher theories etc really get old. All one has to do is look at the balance sheets to understand why the pps is where its at. The claims of the past, that financials didnt matter etc. never were vialable arguements. All companies whether they are speculative or not at some point have to produce numbers to attract institutional investors. And once you have institutional investors on board, the pps is a lot more stable, because unlike retail investors they buy and hold. This creates a supply shortage and helps keep the pps from dropping as this one has.

But aside from that issue, as I said, anyone who can read a balance sheet will see why the price is where its at. After the acquisitions NEOM added 50 million in assets to the balance sheets in the form of GOODWILL. Goodwill is the amount they paid to acquire these companies, above their net assets. So for those who stated NEOM got these companies cheap, I beg to differ, if the amount overpaid to assets is 50 million.

Now, looking at the same balance sheets, if you discount the GOODWILL, that leaves NEOM with 39 million in net assets, for all its combined companies. And much of that 39 million is the value of the patents, otherwise know as intangible assests. So with 39 million in net assets, minus the 30 million in liabilities, that leaves the company with 9 million net assets, with 800 million shares outstanding diluted. That equates to about .008 a share in net assets, or less then a penny a share. On top of that 23 million of that is intangible assets such as the patents so other then the patents and goodwill, NEOM has no assets to speak of pretty much.

Based on these numbers, anyone here claiming as I have seen that this company at this time is worth more then 500 million dollars, just dont understand the markets.

streetstylz.......you seem to have a big obsession with anyone who critizes this company, and love to call them bashers. I was here saying the same things in December, as I am saying now so your claims that they showed up when the price started dropping isnt accurate either..
But what I find funny is how you didnt find it necessary to put a label on all those promising rosy pictures, and ignoring the facts, but when its the other side they are bashers? So what name should we apply to you and the others, who claimed so many things to be fact, that the bashers challenged and turned out to be right about?

edited........by the way how many posters here even, had to in the past 9 months ask how to find a companies quarterly earnings report? I have ran across hundreds of new investors who whenever you quote financial numbers ask where they can get that info. And here they are already invested in the company.


LOL Steeler.........its unfortunate but true. Many new investors openly admit they buy off the recommendations on the message boards, and rely on those very same boards for their DD. Thats why when you see a stock promoted here other then NEOM, you will see many other investors run and jump into that same stock. How many here were running to buy PUPS when it was being pumped every day here? And if you do that on many boards a day, you will find many inexperienced investors who will follow the flock. And usually you will see the volume spike the day the stock symbol is making its way around the message boards.

With the advent of online brokers, you now have inexperienced investors in the market, without the aid of a broker, and many times they look to those on the message boards for guidance, which they see as appearing to be the most intelligent and knowing the most about a company. If I am not mistaken there are a few here who admitted they bought the stock because of the hype here, and those are just the ones that are taking the time to post and not just lurk, so it happens more then you or I am aware.

yes I am still a shareholder, and as for the markets, the real money will be here in the US and not in Europe. I think our GDP is about equal to all of Europe combined. So the fact that there is a market there, and by the way its a very diverse one at that, isnt going to make NEOM profitable. Even NEOM stated in one of their filings there were competitors much larger then the acquired companies. So in the EU where the patents were late to be filed, theres already a competition.

I am talking about the market being undeveloped at this time, unlike the internet advertising market thats been in full swing for 3 years now. The market acceptence of this technology is still about a year away in my opinion, here in the US, for this techno;logy, although you will see a lot of small pilot programs established to test the waters along the way, as is occurring presently with the McDonalds campaigns, and the Virgin campaigns etc.

Before you see full acceptance, cell phone plans have to be modified to include online time at a reasonable rate, which is at least months away. The 3G has to be fully in place to accomodate the excessive traffic from cell phones to web, months away as well, and then the consumers have to embrace the technology.

Once that occurs then you will see the real profit generating revenue occur, instead of these small break even pilot programs being run now.

Retired.....I totally agree. As for licensing fees, I gave an example here of another company that held the supposed BRIDGE to their technology and today, 3 years later their stock is still trading below what it traded at in July of 2003, and they hold the patents for online advertising, a very hot market, unlike NEOMs technology thats still very much undeveloped.

Like you I have numerous times pointed out the patents arent airtight, and the likes of Microsoft or Google have far better programmers then NEOM, and can easily come up with a methodology that will sidestep NEOMs patents. They do it all the time with other software applications and are good at what they do.

I have stated here many times as well the paint cash cow is not the cash cow that many claimed it to be. Profit margins in paint products are minimal at best, proprietory or not. As well I was concerned that this diverted the managements attention away from their core business, which is why I invested to begin with. Not for the paint business but for the paperclick business.

The acquisitions is another topic in itself, and as you point out, there is a lot to be concerned with, when trying to merge 4 new companies under the corporate roof. The promise of increased revenue is just a feel good strategy to the shareholders. Increased revenue dont mean much if you are still losing money quarter after quarter. At least the financial community doesnt put a lot of weight on revenue, when the profits arent there to show a gain off the new revenue.

I agree Cabbie.........the China paint deal was going to be explosive back in 2005, or so it was stated here. Yet after NEOM shipped them nearly a million dollars in product, as of the last filing not a dime of its been claimed as revenue, and its over 10 months since the products shipped. And the CEO states that when is concievable that they will be paid, then they will claim it as revenue, so as of the last filing its still not concievable whether NEOM will get paid. And thats the CASH COW so many here said was going to carry NEOM through the hard times. Go figure.

I think my reading comprehension is just fine. What do the words "TAKE IT ON THE CHIN" mean to you? And your words "FROM THE REST OF US", I presume you meant you and the other longs, since the word US is inclusive of yourself right? I am certain you werent referring to kisses.LOL.

yes Clawman you are right, there were a lot of uneducated and baseless posts here that needed to be attacked. Like the one claiming that cars never have to be clearcoated with age. And the one claiming the profits margins in micropaint are 100 percent or more because its proprietory. Yet look at the profits from the paint business this quarter. Oh yeah....there were none.

I dont need to go on because every one of my debates had merit, whether you felt they did or not. The only time anything had merit in your view, is when you became concerned about one of the directors dumping a lot of shares.

Retired...I agree there were many that had concerns, like yourself and personalizit and others. But they and you didnt go out of your way to quash or silence the critics as many others here did? My post is addressing those posters, that twisted every bit of criticism, to put a positive spin on the company, and you were not one of them.

And now you see why I went on and on in endless arguments with some here. Because investors futures were at stake. But dont forget for a minute, the reason these senseless debates took place, was because someone from the other camp was attempting to discredit what was posted from the critic or critics, and I found that just as unacceptible as my going on and on and on.

Blackydog...........I expect around 12 months to rebound. As someone else pointed out here a few days ago, and I dont remember who the poster was to give them credit, when the pps gets this low, there are buyers looking for a double etc. When it starts recovering those buyers that bought at .14 a share will be selling at .20 to .25 a share to take their profits. Therefore when a stock gets beaten down like this it takes months to recover, because there are sellers all the way up the chain. And I dont see it having any big gains, because TS has already gone to his subscribers twice, and that is what led to the 2 big jumps it had. Unless he gets a lot of new subscribers, the old ones are already invested to the max, or are day trading the stock on dips and jumps.

The launch of Qode is not going to propel this stock back up to .40 or higher as many here have suggested. As you are well aware, the program by itself is useless, until the society accepts it and starts using it. We wont even see any of the results from a launch until sometime in February when the annual report for 2006 gets released. At that time investors might start taking a new interest if they see Qode generating real revenue. The launch at this point isnt enough to draw in the new investors needed to raise this to .40 a share, the investors will want to see some results.

cloud I have been here taking it on the chin from you and the others for 9 months now. What makes you think it will be any different?

Oh I know the answer to that. When the stock seems to be supporting your unsubstainted theories, you all come out in masses. And yes some day it will rebound. But what were you all posting 9 months ago? Now your position is that whenever it turns around you will be back with a vengence to go after the likes of me and w3 and others. Well didnt you all tell everyone this would take off from the .40 range 9 months ago and that it wouldnt look back. Then it was after the mergers were closed. When that didnt work, it then became things would happen before the shareholders meeting. Now its wait until september when Qode launches. Eventually you will get it right, just as a broken clock gets the time right twice a day, but how many people have been hurt in the meantime. People who never intended to hold this stock 2 years or longer, which is about what they will have to do now if they want to make a profit. People who believed the hype here, that things were going to happen in months not years. Yet not a one of you has apoligized to the investors here that may have hung on your every word.

Its not about telling me or others we were right, its about you and others admitting to those you suckered into buying this, that you were wrong. And not a one of you has done so to date, and thats very sad, when a lot of investors hung on your every word, and bought and kept buying every time the suggestion was posted here.

My respect goes to posters like Chartist, who as well was attacked for bucking the trend here, and advising others thats its not wise to try to catch a falling knife. He even stopped posting here after the attacks, yet what he stated almost any credible analyst would tell you as well. But because it didnt jive with the longs here, he was attacked as well.

Bob..some of those people that it hurts, didnt have any problem sitting here day in and day out attacking the criticism, and luring other new investors into this stock, with lies and manipulation. So that knife cuts both ways. There are many here I am sure, because they said so, bought in based on the hype on this board, because the criticism was quashed by so many here, and it made the quashers appear to be in the know more then those criticizing.

yes Whattheheck3030.......I too wonder where they are at now. It wasnt long ago, that every legitimate criticism of this stock was attacked within minutes of when it was posted, by some very prominent posters here, claiming to be better educated then the one posting the criticism. This included character assinations, misleading, or twisted facts and links to articles irrelevent to NEOMs success. And now where are they all?

Every criticism thats relevent to todays share price, was attacked ad naseum by some here. From the lacking financials(which according to some didnt matter, The Cornell dilution(was even claimed Cornell was not selling the shares or that I didnt have proof they were), the mom and pops that now have NEOM in a predicament over the 25 million dollars, and not one of them is bringing in the profits needed to replace the now defunct SEDA financing, to how many shares the corporate officers did or dint own, etc. etc. etc.

cjzak.....it does apply to Cornell, contrary to what others have posted here. Death spiral financing is a concept. The example that was used in the writing you wrote, is just that an example. The investor does not have to short the stock, in order for the death spiral concept to actually apply. Besides there are other ways to drive the price down besides shorting the stock. As Cornell did, they exercised their options and immediately sold the shares on open market, making a huge surplus, higher then demand, thus lowering the stock price. At the same time a director was also unloading a lot of shares, thus increasing supply even more and helping to push pps even lower.

Death spiral financing applies to any financing, where the investors pps is tied to the market pps instead of being a fixed pps. The fact that the investor can't short the shares is inmaterial. Its called a death spiral financing mainly because of the dilution it creates if and when the investor converts shares, because the lower the price of the stock goes, the more shares the investor recieves at time of conversion. And the more shares they recieve, the more dilution. The more dilution equals even more downward pressure on the market pps and its a continous cycle, hense death spiral. With a fixed price financial deal, the dilution is set at a specific number of shares and all investors know the dilution rate at the time of the agreement. With a non fixed conversion rate, the investors dont have a clue how much dilution, therefore they dont have a clue how much downward pressure on the market pps etc.

And in the case of Cornell, you know quite well, unlike many investors, they will not hold the shares. If the investors held the shares, you wouldnt have the same downward pressure on the market as with an investor who dumps them after conversion, creating an over supply. Its a fact Cornell has not held onto any of NEOMs stock throughout the years they have been invested, and thats why they dont appear in the list of institutional investors with any quantity of shares.

Also keep in mind the Cornell made their millions already off NEOM, just as your example points out. They were paid I believe about 1 million just to enter into the deal, then got their shares at less then half the market value at the time, and in addition gort warrants to purchase mant more shares at a discount.

Duke27.......I said in a post months ago why I felt these companies were joining NEOM. Remember these were mainly private companies. As private companies, you cant run very long in the red and stay in business, and most were in the red. So they get a nice pay off from NEOM for their company, a guaranteed job, with great pay and its that simple. A public company can run up deficits and issue and sell more stock to stay running, but a private company dont have that option. When the losses are so great they cant pay their monthly bills, they are soon forced to bankruptcy. Especially if their suppliers or contacts cut them off.

Blackydog...........we are not safe yet. There are 2 scenarios that could develope that would put NEOM on the brink of bankruptcy, but my gut says they will find a way.

The first scenario is if Cornell backs away from the table, since NEOM breached their last agreement. If they stay at the table it will be for a very hefty profit this time I am certin.

The second is if the subs old owners arent willing to modify the agreement. That forces NEOM to either get the share price up to mitigate the 25 million, or sell a whole lot of stock to someone at a very low price to raise the 25 million. I cant see them negotiating much more then .05 a share for that large a sum investment. Thats 500 million shares and a whole lot of dilution for the market to absorb, and with last quarters numbers that is about impossible, without causing pps to drop lower.

OT:::::Duke....a stock I recommended 3 years ago bucks that articles trend. The company is IEDU and at the time was a penny stock trading at .10 a share on the pink sheets. Today its trading above 7.00 a share and was as high as 9.00 a share recently. The other catalyst is it had partnered with two major partners, one being cnbc marketwatch to offer training to their viewers.

What made the difference with this stock was people were coming back into the market after the bubble bust, and wanted to be better educated, and this company offers investment education packages and seminars. The timing was right, the demand was there and it skyrocketed.

blackydog....yes the stock 12 months out should do ok, once NEOM has had a chance to get a handle on its expenses with all the new acquisitions and the technology becomes wider accepted.

That was my arguement all along, was that it wasnt going to happen in the time frame quoted on this board repeatedly. And when I raised the issue of the financials, I was bashed and attacked repeatedly, yet today those very same financials are whats killing the pps. Remember all the attacks and the longs who said the financials didnt matter? Remember how they said it was a bargain at .40, and because it was a speculative stock it didnt need to back up the pps with good financials? Well many of them today are singing a different tune, or gone into hiding.

I also had issues with buying so many mom and pop operations that werent profitable, and was attacked for that as well. Yet look at what buying those operations has done for the company in the short term. They had to pull the SEDA filing, because approval meant they would have to come up with 25 million cash to complete the acquisition obligations. Now they have no financing available, and are in default on some of those acquisitions, unless filing the S-3 and then pulling it meets their obligation to file in 90 days of the closing. You also wont see the hip cricket deal done until they can refile the S-3 because they dont have the shares for the hip cricket acquisition either. On top of that its suicide to buy 4 or 5 companies in a months time and try to harness them all under 1 roof, especially with limited capital to work wirth etc. And now NEOM is as best I can estimate out of cash with the past 1.5 months operations. They have to come up with something very soon, within the next 4 weeks to finance their operations going forward. They have a month or so in which they can rely on incoming revenue to pay the bills but after that if some kind of financing isnt in place they are in deep trouble. Thats why I say watch for a new SEDA deal with far lower prices. Even then I dont see Cornell investing 25 million in one lump sum, and that would be required to satisfy the subs, unless management can restructure those deals to allow them to file the SEDA first, and then file the remaining shares required to complete the acquisitions.

Time has already told. Some 9 months ago you all claimed this was taking off and it would happen in months, and surely before the pushed up annual meeting. Anyone who disagreed with you all was labelled a basher and attacked from all sides. It was said that bashers were keeping others who read this board from buying the stock at .40 a share.

Well my friend 9 months later, if that is true, there are a lot of investors sitting out there saying "I SURE AM GLAD I LISTENED TO THAT BASHER" because they now can buy for .14 a share what you all called a bargain at .40 a share. You all even went so far as to tell everyone to load up, and posted every time you all bought more.

Now who was the smart one? And for those that called for investigations of me many months ago, it appears I was the only one right, and you all suckered others into a losing proposition, and for that the SEC ought to be investigating you. Especially when any doubt was met with all out attacks here, to silence those who apparently knew a heck of a lot more then the ones claiming to do excellent DD, and posting every article in the sun, whether it pertained to NEOM or not, just to bolster the stock.

even SS figure is conservative. I believe their loss from operations was over 5 million for the quarter, so thats a little higher then 1.6 million a month.

As for the subs spending haboits, they appear to be the same as when they werent under NEOMs wings, so these numbers shouldnt be a suprise to NEOM management. NEOM knew their costs of operation before the acquisitions, or so it was argued here overe and over again. I believe I was the only one raised the issue of their costs and what impact it would have on NEOM at the time, and was bashed by every long here, and told I didnt know what value these companies would add to NEOM. Some value huh?

what other arrangements? didnt management themselves state that they are trying to work out a new arrangement now to substitute shares for the cash? If they are presently trying to arrange this deal, then obviously they didnt think about it back in January when the signed the acquisition contracts. The problem is management didnt think the price would drop this low, and wasnt worried about the 25 million, but when time came to register the shares the issue popped its ugly head, and now management is trying to renegotiate the contracts it signed.

So to answer your question, its obvious they didnt think about it, or they wouldnt be in the position they are in now. I will bet we will see a new SEDA agreement with .05 shares for Cornell to raise the emergency capitol needed.

Keep in mind as of today NEOM is broke. If they had 2.5 million in cash at the end of last quarter, and are burning over 1.5 million a month(FACT) that means right now they have used up that 2.5 million since we are 2 months into the next quarter already.

What bothers me the most about management is the fact that they put in the acquisition agreements the clause that they could not register the SEDA shares, without registering the acquisition shares. Now they have effectively cut of their funding source, because the pps has dropped so low they cant register the acquisition shares and have to come up with 25 million cash. Therefore they cant register the SEDA shares the provide the needed funding either.

wrong.they have no shares to sell at this time. They dont even have the shares to complete the acquisitions, or to put the SEDA into effect so that they would have funds. Its anyones guess how long it would take to accomplish reregistering the shares, because NEOM wont register them and have to come up with 25 million to complete acquisitions, at todays share price. If the stock stays in this range the company is in deep financial trouble a quarter from now.

maybe its because a month ago, he didnt have the current financials. It should be everyone heres concern that again this quarter they burnt about 5 million in cash, and are nearly broke. At this level they have about enough cash to carry them one more quarter. On top of that the cash cow you all talked about, the paint business, worsened its gross margins and instead of being a cash cow, it mow appears to be a bottomless pit. This division was supposed to carry the company, according to all you here, and its losing more money before expenses, then its taking in.

Now the whole deal is about the launch of Qode. Something never discussed here until recently. Previously it was an 800 pound gorilla, and the subs would show positive earnings, etc. Now that all that hogwash has been put to rest with the full quarters results, its now the aunch of Qode that will carry the company.

Let me let you in on a secret. Launching Qode is great. But its not gonna be a big net profit producer over the next 6 months, when the world still isnt ready for this technology. So where do you think NEOM will come up with the about 10 million needed for the next 6 months to cover the losses each quarter? I havent crunched the numbers yet but I believe they are down to about 3 million cash on hand presently.

Notice.NEOMs paint business gross profit Decreased to a negative number for both quarters of 2006. And thats the cash cow you talked about.

As for the others, you went on and on ad nasuem about how you expected cash flow positives etc. I only used that post cause it was the easiest to locate, since I dont have search features, but the implication was that as revenue grew you expected to see cash flow positive and net and gross profits imnprove.

Yes gross revenue is up and this quarter gross profit took a 9 percent nose dive from 40 percent to 31 percent over last quarter.

The issue is you all claimed that when we saw a full quarter of numbers things would be far better and it sure wasnt far better.

Also what about all that talk about cash flow positive in your many posts?

Hey Beam..did I just read a post from you to YJ about how at your age you push some things out of your brain when he explained something to you you say you had forgotten.

Well let me remind you as well of something you might of forgotten, in where you expected NEOMs gross profits to rise in the first quarter, which infers you expect it to rise even higher the next quarter when its a full quarter and not a partial quarter. Even you called the paint business a cash cow and look at this quarters results. here is your quote and a link to the post.

"""""""I am confident that we will see an increase in total revenue and Gross profit from all the entities on board, and our cash cow Neomedia Paint, for the first quarter.

Honestly, I do not know what to expect for Q1 net profit (Gross profit less operating expenses), without some knowledge of the subsidiaries prior year financial statements."""""""""

http://www.investorshub.com/boards/read_msg.asp?message_id=10892775

Here is the cash cow that for months on end we heard was going to fund NEOMs operations. Its ironic that their COST OF REVENUE was higher then the revenue itself resulting in a negative gross margin. COST OF REVENUE are upfront costs they have to pay out to their suppliers for the products, and do not include sales or administrative costs. Costs of revenue were 142 percent of the sales for the entire first half of 2006. Thats pretty pathetic unless they are doing a whole lot of stocking, but without the sales most companies now days dont way overstock.

"""""""Micro Paint Repair products and services. Sales of Micro Paint Repair products and services were $401,000 for the three months ended June 30, 2006, compared with $261,000 for the three months ended June 30, 2005, an increase of $140,000, or 54%.


Cost of Micro Paint Repair products and services. Cost of Micro Paint Repair products and services was $569,000 for the three months ended June 30, 2006, compared with $237,000 for the three months ended June 30, 2005, an increase of $332,000, or 140%. This increase is the result of fixed cost of goods sold associated with NeoMedia’s corporate Micro Paint facility in Ft. Myers, Florida. The facility operated at a gross margin loss during the first half of 2006 as it gained market traction. Cost of micro paint repair products and services as a percentage of related sales was 142% in 2006, compared to 91% in 2005. NeoMedia expects cost of micro paint repair products and services to decrease as the corporate facility increases its customer base and profitability and product sales expand globall"""""""

NEOMROCKET...the answer to your question is quite simple.

They are pressed to come up with the funding, because it is due immediately upon the approval of the registration.

Now you all know why NEOM pulled the S-3 registration, and all the theories that were thrown around here, are out the window. If the SEC had approved that registration statement, NEOM would have needed to come up with 25 million cash.

As to why they are pressed. I believe that most of the contracts specified a time requirement for NEOM to register the shares and I believe it was 90 days after the closing of the acquisitions. NEOM already violated their contractual obligations with Cornell, at a hefty price, and stands to suffer the same here, if these companies decide to bring legal actions, for not filing the shares as required by the purchase contracts.

As I said I believe I read 90 days and that may not be accurate, so if not someone here can correct it for me.

Beam...you claim that everyone here knew what was coming weeks in advance.

That statement is so false. The hype here was that when NEOM had a full quarter of operations with these new companies the net profits would show a dramatic improvement, and you are one of those who posted those believes.

The fact is revenue increase 3 fold, and that increase was offset by a 3 fold increase in operating losses, for a net gain of nothing. After all these successful campaign launches of the past several months theres still no real net profits to show for them.

Inmcreased revenue, without increased profits dont mean squat to the investment world. Even if NEOM had a billion dollars in revenue per quarter, if they cant produce net profits, that billion in refenue is useless.

did you read the post I responded to there.Geesh. It was one of you that I was responding to that said that Scanbuy was vioolating the patents. Get your facts straight.

Those direct facts are a part of a SPECIFIC PROCESS or METHOD thats been patented. Do you know what SCanbuys process or method they are using is? No you dont. A method can be changed by adding a step or two or deleting some of the process, and the new method or process is patentable as well, even though some of the steps are the same as a different patent.

So you can not look at the words manual entry, in NEOMs patents and think that applies to anyone who uses a manual entry process, if their process is different then NEOMS patented PROCESS

ICGREEN, how many months was the discussion here on how NEOM owns the bridge? Why are posters here discussing Scanbuys partners on a daily basis, if this subject matter is old news? Was was there a post from JP which I responded to on this very topic of scanbuy and the patents, if I am the one bringing old topics back up? Remember I responded to the post, didnt initiate it.

for the record, I didnt bring up what the patents cover and dont cover. Others here did. I discussed whether NEOM is entitled to damages from 2004 forward, thats all? But its funny how you all can twist things to make the villian who you want it to be huh?

isnt it funny the legigation attorneys for both sides dont understand whats in black and white, or there wouldnt be a court case, and you are suggesting Success knows better then the attorneys involved?

You and her interpretation of the patent language apparently dont jive with Scanbuys attorneys interpretation, and they have experience litigating these cases..HMMMMMMM. So who is spewing out the spin?

Breacher get your facts straight. I responded to a post by JP, so if rehashing is what you call it then you best look to him.

He brought up the issue of the patents and how SCANBUY is walking the legal tightrope and thats how we got on that discussion. I pointed out if he is right then Scanbuy has complied since 2004. It was then that SUCCESS and others decided to rehash the issue of what the patents pertain to. I was only talking about Scanbuy being in compliance with the court order, as was stated by JP.

As to the issue of whats covered by the patents, the court will decide that, so you are right, there was no sense in others here jumping on that bandwagon to divert the issue. The point I made was that if as JP stated Scanbuy has complied with the cease and desist order since 2004, then there are no damage awards from NEOM from that date forward. Success and others have repeatedly stated the new partners of Scanbuy are facing troubles. They are not facing any issues by aligning with Scanbuy, if Scanbuy is in fact complying with a cease and desist order since 2004.

Yes Success its been so well covered that even you and JP cant agree on it. The initial post I responded to was JPs where even he states that Scanbuy has been walking the legal line and not crossing over it since 2004. Yet you claim they have been crossing the line and violating the cease and desist order. JP even goes as far as to state they arent crossing the line because they require you to manually enter the bar codes, yet you state that manually entering the bar codes is crossing the line. So which one of you are right? Only the courts will tell since no one here is a patent litigation attorney and even if they were, the courts would still have to decide the issue. And as is in every case, one attorney always ends up wrong and the other right, so it can go either way.

And its a fact that NEOM did not invent entering information into a browser bar and going to a web site. They invented taking a picture of a code and going through 2 servors to a web site. As was discussed here many times, companies were already scanning bar codes and going to their servors with that data to control inventory etc. The point you made at that time was it was an internal servor, and not the web, so that process was already patented in use, to go to a servor by either manually or scanning bar codes, wether it was an internal company servor or not. And those patents are well over 20 years old and expired now so anyone can use that method.

And the fact was covered in detail that the method of scanning bar codes was patented and in use long before NEOMs first patent was filed in 1995. Their process is a little different then that method, and thats how they got the patent. Grocery store were scanning bar codes before 1995 and ringing up your total purchases. So your one little sentence by itself means nothing, unless you look at the entire process(method) its a part of.

And NEOM has no patents on merely entering any text into a browser window to take you to a web site as I stated. Their method of manually entering text requires you go through 2 servors too reach the website, and its their ENTIRE process thats patented, not one step of the process.

JP......couple things about your post. You say that you have back up to what you say. Where is your back up on the 20 models you claimed were all that were supported by Scanbuys software. It didnt take a rocket scientist to go to their website and count the number before saying something thats purely false.

Secondly now you are on a rave about Qode and how its the big catalyst. Funny how a few months ago Qode was never mentioned here, and the catalyst was the paint business, which would carry NEOM till PC got launched, but never a mention of Qode being a part of that equation. Funny how months ago it was all about the bridge and how much revenue NEOM would generate off the bridge, and their patents, and now all of a sudden it the HARD LAUNCH of qode thats gonna turn things around.

Seems like the catalyst changes like the weather. Whatever sounds more plausable at the time.