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I don't know about products. I was thinking about Apple creating their own technology. I still don't understand why MSFT signed a contract with Neom even though they have TAG and Apple isn't interested. I can't foresee the implications of the QR future, but I'm guessing there will be quite a few.
Apple's got so much money, but they want to create everything themselves. They could pretty much buy all small caps out there. I hope they'll realize soon they can't dodge Neom's tollbooth.
I'm sure there will be more than one blockbuster this spring, which means YA will get rid of its remaining shares very soon and I want to know what happens then.
As far as I follow I prefer Poptech's calculation, but I don't trust Neomedia, that's why I wanted you to ask management. It doesn't really matter anymore, though. We'll soon know :)
Risk, I think this is a legitimate question to ask Huitt himself. Why don't you send him or LM an email and ask them to settle the debt question once and for all (even if they did so in the CC)?
Ask them to give you a single number, so we all know where we're at. TIA
Yes, sorry for the misunderstanding. With break even I meant "completely". The debt needs to be gone. I agree with you that's it's going to be interesting once YA hits the 2.5B ceiling (only 600M shares away according to Poptech and getting less every day) and I wonder what our CEO thinks about that.
Btw, does anyone know what percentage of alle shares traded comes from YA? I guess it's more than 50.
How much is making Neom per share right now? In other words at what price is selling YA at the moment? We need a debt clock.
There is currently no one that wants to take control of the business.
I think we can agree that the "death spiral" works only with companies that can't break even. As long as companies can't pay back debt the "death spiral" is the rule. We should be worried if it was otherwise. If Neomedia had relied on a classic (bank)loan this company would have been dead for years. Let's make some money and the spiral will vanish like fog at sunrise. You'll see.
I believe the fact that YA has not increased its amount of Convertible Debentures will have considerable impact on current debt. Add to that Neomedia being solvent right now as well as having money come in from deals with Progressive and others. If they were able to pay down debt six months ago, I can imagine they paid back an additional 1.5-2 million until now (excluding payback from diliution). I also think 10 million is too high a number, but I can imagine we're down at least another 6 or 7 until march.
That would be sweet indeed.
There are so many factors out there we don't know about. Everything is possible including bankruptcy. It's the perfect storm.
Thanks. Makes me wonder when our immediate hit will see the light of day.
Poptech, what's your take on 3GVision, which still claims to have the "most widely used QR code reader in the world"? They really seem like nothing but smoke and mirrors and make Neomedia look a lot like the real deal.
Neoreader? Yes, it works with EAN (all numbers I assume).
One of the other widely available apps for QR Code reading is NeoReader. It allows you to scan a lot of different formats such as QR, Datamatrix, Aztec, EAN, and UPC – so it’s the only barcode reader you’ll need. With NeoReader you can scan to: access the web, send an email or SMS, make a phone call, access vCard or meCard information, or access a Wifi network.
Of course is there investor fatigue now. I personally wonder why it took so long. That doesn't change the fact that it's impossible to bring the pps up longer than intraday unless you're willing to go all the way (e.g. buying every single share that YA can convert).
Give me an infinite gold mine and I alone will drop the gold price to .003. Tomorrow. What we need is a sign from Neomedia's leadership that YA's mine will in fact run out of shares. But even then all we will see is increased volume, but not an increase of the pps, until...
Just pick a random post - chances are high it will explain why we are down. Neomedia got into a rather exotic form of debt. Until that goes away the pps is broken. Ignore the chart if you're planning on buying.
Something's wrong with my browser or i-hub. I don't know. Mods please delete all the double posts. Thanks. I'm out.
I'm not sure I understand your question. Personally I don' remember a time before dilution :) Since then we've been going down obviously.
Yes, every share YA "dilutes" becomes part of the O/S, which is why YA has a problem (and the rest of us as well). Another 600 milion (Poptech's number) shares from YA and they're done. Last time they did a resplit and thereby where able to start selling again, which seems very unlikely this time, which leaves nothing but YA's default on Neomedia's debt, which means game over in about six months, which makes me wonder why our CEO IS NOT ADDRESSING THIS MINOR DETAIL?!!!!
I'm not sure I understand your question. Personally I don' remember a time before dilution :) Since then we've been going down obviously.
Yes, every share YA "dilutes" becomes part of the O/S, which is why YA has a problem (and the rest of us as well). Another 600 milion (Poptech's number) shares from YA and they're done. Last time they did a resplit and thereby where able to start selling again, which seems very unlikely this time, which leaves nothing but YA's default on Neomedia's debt, which means game over in about six months, which makes me wonder why our CEO IS NOT ADDRESSING THIS MINOR DETAIL?!!!!
I have no answer to that, which might be why I'm not a billionaire or currently not involved in any lawsuits :). Seriously, though, I have absolutely no idea how business is done at these levels. Android was apparently acquired by theft and is now the dominating platform. Samsung had to pay 1B to Apple and now seems to be the rising star of the smart phone market, while Apple is struggling. I don't get it, but ruthlessness seems to be paying off more than ever. Should Neomedia and their IP-portfolio truly become a game changer then playing unfair is what we can expect I guess. I'm sure you know a lot more about the ongoing smartphone/patent wars than I do.
Regarding Soon-Shiong, why do you think he bought a beneficial interest? And why within three days? Why did he pay a ridiculous price he himself helped drive up? Assuming he only learned about dilution afterwards why hasn't he averaged down in the months following or gotten our instantly? Unless he's insane there must be something we are missing or we just don't know. That's my opinion.
Why should SS get us to new levels? YA has another 600M shares to sell. And after that God knows what they'll do. We only got to "new levels" once within the last 10 months and that was when Soon-Shiong bought so much that even Mark Angelo's trigger finger couldn't keep up.
YA needs to be paid off. Shareholders have helped a lot with that. Now it's time for Neomedia to deliver (which they are doing I think). As soon as YA stops dilution this stock will seriously go to new levels. Is there anyone out there who has a program/formula that can calculate where the stock price would be without dilution?
Your commentaries are as obnoxious as it gets. Please shut up or provide some kind of link, proof...
I followed the discussion and am siding with you. I get Poptech's legal points. My problem is (a) I have zero trust in the law by now, (b) in our culture if a billionaire really wants to make a deal happen he is very likley to be able to do so and (c) as much as I appreciate Poptech's knowledge on the IT industry and business in general, I have to believe Soon-Shiong's counsel beats it.
Filings or no filings, Soon-Shiong solely buying for investment purposes at this time and with his background would be a one-of-a-kind coincidence. Financially very successfull people like the Doc usually take a lot of bets though and succeed by getting the big ones right. Maybe Neomedia was a small one that didn't work out.
LOL. Uncle Pop at his best.
I agree with the complaint about lack of communication in a situation like this. I bet you all my shares though that business is picking up like crazy as we speak.
In 2010 they were still adding to the debt load. I could never really appreciate progress as long as it was accompanied by borrowing. September-December 2012 should be the first quarter in quite a while without any new loans and (probably) further debt reduction. Revenue wise I hope we'll be close to a million/quarter in April. Can't wait for the numbers.
You think we will see significant improvement in the annual report already? I think we can all agree the April 10Q will be the best in Neomedia's history.
1M seems a little low. Around the time of the MSFT deal Neomedia paid back the bridge loans as well as about 500.000 in debt and still had 1.3M in cash. 40 deals is also doable though :)
Yeah, the codes are everywhere, but where is the MONEY?!! Let's say Progressive pays another 1.5-2M, then Neomedia should have around 3 M in cash. Nice, but also pretty insignificant.
Still, based on the frequency with which major companies are signing with Neom these days I'm not so sure anymore Neomedia won't be able to pay back YA simply through this kind of contract. All it takes are another 20 S&P500 companies. That's 4%. Go get 'em! :)
Poptech was talking about breaking even once and for all. In the 10Q LM was talking about self-sufficiency in terms of monthly expenses (so I believe).
Thanks. Trading in Germany e.g. is shut down just because of the chill. I believe Neomedia/Laura has got to much on her plate right now.
I don't want them to keep investments like Neomedia. I want them to keep Neomedia :) I absolutely get what you're saying, but I can't believe they're planning on dropping Neomedia in twothousand-efffing-mobile-thirteen and not having our CEO say one word about it. Anyways, thank you for all the reseach.
Thank you. But this doesn't convince me. It certainly doesn't look too pretty for companies in Angelo's portfolio right now, but in no way makes a default for Neomedia inevitable. Do you happen to know the size of YA's investment in Neomedia compared to their other positions? Not trying to be too optimistic here, but Neomedia's recent rise might give them some leverage.
(btw, this really looks like Angelo just plain lied to his investors; makes me sick to be honest)
If this whole thing goes south LM will be highly responsible for roping in a lot of new shareholders as well as more money from longs. Her rhetoric was in no way accidental. She either has no conscious or is actually damn sure to be able to pull this thing off. The recent accomplishments make me want to believe the latter.
I'm aware of that way out, doesn't leave a lot for us though, does it :) Laura either has much more up her sleeve or she knows the maturity date will (regardless of the SEC) be negotiable once again. I personally find it very unlikely for neomedia to pay off the debt until August.
So once YA hits the ceiling the pps should rise. Or do they have another way out?