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I agree yellowjacket, but what the company is worth and what it is being valued at, are two different things entirely.
The share price hanging around a penny is right where is should be right now. With Yorkville being able to drive the share price to par on any given day, then it makes no sense that the share price should be anything other than par. Until the YA picture changes, I don't see anything changing for shareholders.
What makes me snicker, is the fact that you can only wip the mule so many times before he learns what the deal is. With YA locked and loaded for another news run-up to sell into, what are they going to do when great news happens, but nobody shows up at the party. If nobody drives up the price, there will be nothing for YA to sell into. YA has got to be wondering what will happen if news no longer causes a buying run to sell into. Then the share price will be stuck,we will be stuck, YA will be stuck, and we will then have that battleground stock that I was hoping that we would avoid.
All the best.
SS
In conjunction with Bank's post (thanks for listing them for me Banks), I want to caution those headed into a funk again. There are, again, many who are caught up in the gloom and doom of NeoMedia. I would be surprised if we heard any new news before the end of the year. It is just a natural thing that everyone in industry simply cruises into the year end. Not much happens at this time of year. But things are probably better than many are alluding to.
The current poor showing of the share price is not a result of the execution of the company. Ian and gang are getting some things done. The company is making progress.The share price is a result of the ill fated decision made under the Chas and Jensen watch. With the notable NeoMedia success items that Banks listed, without Yorkville dilution, we would be good for probably about a dime per share. We are where we are because of past management incompetency.
As I posted before, it is all about the money now. The only way that we can realize a capital gain on our investment is with money. Ian has it right. The only thing to do at this point is to grow the company. It will take cash flow to remedy the dilution and financing stranglehold from Yorkville. Or it will take a large investment in the company that will give lots of cash to work with. No amount of news will change where we are. Other than news of an investor buying into NeoMedia, we can forget expecting and waiting for anything until April's 2009 year end reporting. Even then, it probably won't do much for us until the company actually has the money to do something about the finances.
With the wins that Ian has under his belt, it seems pretty clear to me that cash should be in the pipe line. Sure, there needs to be lots more, but I think that we will have a good 2010. All of the news from other companies rolling out new programs isn't a indicator that Ian is doing nothing and everyone else is kicking butt. All this stuff has been being developed and running parallel with NeoMedia's rollout and efforts. The other guys didn't just drop this stuff out of the sky. They have been working hard also.
I think we need to be patient. The money is the ticket, and we won't see any sign of it until 2010 reporting. If things don't look good after a few quarters worth of reports then we have a problem.
All the best.
SS
Rabbit
We could force the issue of scheduling a shareholder's meeting. No doubt about it. But what I would like to know is what, exactly, you think should be the agenda at the meeting. What, specifically, could be established that would lead to the shareholder's satisfaction?
We have already heard the CEO of the company state that there is not a thing that he can do. He has stated that it is us who made the decision to invest in this stock. He has stated that the only thing that the can do is to grow the company.
The deal with the devil was made by prior management. They sold the soul of the company and sealed the fate of the investors during this phase of the company's life.
Now, we would have to rip apart the current board of directors and management by brute force votes and politics to install the people of our choice. That means we would have to know the people to install, they would have to agree to do the job, and the job would have to be do-able, and they would have to be very talented, knowledgeable people, with all of the right connections. Otherwise, what would be the purpose?
I am unsure just exactly what YA's thinking is. I suspect that Yellowjacket has it right. The maximizing of the return on the assets that they hold would have to involve converting and selling. Even if it wasn't YA doing the converting, a take over would involve the sale of the prefered shares and therefore still overhang the picture.
The shareholder force play is the easy part. It is what to do next, that it sounds like you haven't thought through.
All the best.
SS
Hangdog
As an ex Squid myself, I can nearly understand your humor myself. But sometimes you crack me up.
My wife cracked me up too, today. She told me when I got home that she bought some NeoMedia in one of her accounts. Yikes!
What is the world coming to?
All the best.
SS
ps. Eaten any sliders lately?
You will be in our prayers Bena.
Go get it fixed and get back to our world.
All the best.
SS
Agreed N E O M.
But the problem is that- who knows it?. The institutional investors can't buy NeoMedia stock because their bylaws don't allow them to. The hedge funds could but they don't yet know about the space in a manner that has their emotions up. They are still chasing the leveraged commodity bubbles. All of the money from all of the deals won't do anything if there isn't someone to come along and buy the stock. The only way all of the cash could change things is if NeoMedia bought a boat load of its own stock; thereby allowing a small number of trades to move the price a bunch.
What will happen is that one day there will be a press release that says Company X is offering $ xxxxxxxxx.00 dollars for NeoMedia. Everyone in the public will be surprised. Even then, with all of the shares outstanding, I don't know if the share price will get to the offer price per share in less than a week.
What the money can do is speed things up. With serious cash flow, the big dogs will want a piece or the whole thing. Thus, the defined value scenario.
All the best,
SS
N E O M
I have read your posts for a long time. I know that you know that there is nothing wrong with your math.
It is going to take a big fundamental change in the structure of the company (financially defined value due to a buy in or a buy out), or a couple of orders of magnitude higher froth in the rate of new news and new business for NeoMedia in order for the share price to have any chance of reflecting high potential value. Those of us who currently follow NeoMedia and spend our money buying shares are the only drivers of the share price right now. We are a small group and we are already in deep. We don't have enough pieces of paper with dead presidents' pictures on them to move this stock to the values that we believe is proper. I have know companies that were great companies; profitable and growing, yet their stock price was stuck. The officers of the comapanies didn't know why the share price did not reflect cash flow and similar sector P/Es. In the end the only thing they could do to unlock the value of the company was to sell it to someone who could look under the hood and see the value.
NeoMedia is so early in the game in this space that I don't know if it will come to that. However, if we are going to see share price reflect value anytime soon, then I think that it will be necessary to have its value defined by an outside investor buy in or buy out.
Otherwise, we would need to wait around for the events that enable institutional investment to buy into NeoMedia to take place. That will be awhile. For all of the deep pool of shares that are available out there, I don't see how even a rampant pace of news and new deals can generate enough non-institutional investors to buy into the stock. They would have to overcome a huge overhang of daytraders, flippers, and everyone else who is in already-and would be getting out along the way.
In any case, if we get to see a big return on our investment anytime soon, I think that it will have to be because of a defined value of some sort.
All the best.
SS
I don't know JP.
I get the feeling that things are not as bad as a -C.
We have seen many 10Q's come out that showed that this company's prospects were getting worse and worse. Quarter after quarter for outright years, each new 10Q would be worse than the previous one. I do not see this 10Q as worse than the last one.
After all that we have endured, this report seems to me to be the one that shows that the ship has turned. This is not worse. It is less bad. If the next shows the income and prospects that we expect, then that will be the start of the quarter after quarter of revenue growth that we need to see.
I do not see how NeoMedia can possibly become the quality player in this space that Ian and crew think that it can become without fixing the issues holding back the pps. I think that all things in their proper time. I think that it will come a time when they have to fix the historical finance fallout to grow further. If Ian is working on obtaining new financing, then the time may be sooner rathr than later. 2010 should be a much easier year for the shareholders of this company.
All the best.
SS
Phish
I didn't send it to him. I was expecting the board to make additions or deletions and then we would get it to him. Not much interest on the board though.
SS
Thanks Phish
What happened is that my personal 'Hot' button is being pushed. I can't stand injustice of any kind. I see the junk companies out there with market shares that have no bearing to the reality of the potential of the company. Yet a company that we all know intimately is in my opinion unjustly highly undervalued. I can handle the volatility. But is still seems that a small group of people trade NeoMedia; while I am certain that a much larger group know enough about NeoMedia and its position in the mobile space to decide whether or not to own it's shares. It seems to me that they are deciding to not own it. That is the reason for me questioning the slam dunk issue.
Don't worry. I will be fine in a day or so.
All the best.
SS
BC
It looks like all we can do is sit back and watch it unfold. After the history of the behavior of NeoMedia's share price, it is clear that the ONLY thing that is going to make it reflect meaningful monetary value is meaningful, reliable, and growing revenue for some length of time. It so far has not mattered what the good news has been. I don't see that changing any time soon. It is all about the money now. If there is no documentation or creditable reporting of revenue, then it seems to be discounted in the share price.
I really don't see management taking up the leadership position of cheerleading the company's prospects to the investment community any time soon. I think that they and all involved in the roll-out of mobile marketing are just too darn busy with making it go. I think that it is taking a gigantic effort to get this program to go on a national and global basis. I think that the furtherest thing from the top of their list is appeasing shareholders. There is simply too much to do just to get the train rolling.
I am wondering if all of the different companies that have mobile marketing programs and asperations (Google, Microsoft, IBM,...etc) are going ahead without concern about who owns what rights and IP, and who has to pay who,just to actually get the stuff working. They will clean up the dust later. I am really getting the feeling that this whole space is finding the going really hard. I think that if everyone stops pushing to get it going, then it will just stop dead from some kind of huge reluctance to go on its own. You look at Myspace and youtube, and twitter and most of the social communication systems, and they seem to have just gone vertical with acceptance and use. This seems to be not doing that. This space seems to be much more complicated with many more moving parts.
I am wondering if NeoMedia's place in all of this is really more tenuous than we think. Is it maybe not the slam dunk that it first appears to be. Unless some heavy weight company comes in with an offer to buy NeoMedia or an offer to invest in the company in a manner that defines a resulting share value, I am thinking that it will be at least 12 to 24 months before we see real monetary value in owning shares of NeoMedia. After five years already, this has been the single largest test of my patience that I have ever experienced.
May somebody rest in peace. It sure isn't me.
All the best.
SS
I wonder what degree of hesitation this is causing in NeoMedia's space. Found this on yahoo. Any comments from anybody?
WASHINGTON (AP) -- With the technology industry looking on, the Supreme Court on Monday will explore what types of inventions should be eligible for a patent in a pivotal case that could undermine such legal protections for software.
AP - In this photo made on Tuesday, Nov. 3, 2009, WeatherWise CEO Rand Warsaw talks in the conference room ...
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{"s" : "aapl,acn,adbe,amzn,csco,ebay,goog,ibm,intc,mdt,msft,pbi,pcln,symc,yhoo","k" : "c10,l10,p20,t10","o" : "","j" : ""} A ruling that sides with the Patent Office could bar patents on processes and methods of doing business, such as online shopping techniques, medical diagnostic tests and procedures for executing trades on Wall Street. And it might even undercut patents on software.
In a worst-case scenario for the high-tech industry, the ruling could invalidate many existing software patents or at least make them more difficult to defend in lawsuits. And it could make such patents harder to obtain in the future because software is generally patented as a process for doing something rather than as a physical invention.
"Technology companies care about this case because it will define what you can and cannot get a patent on," said Emery Simon, counselor to the Business Software Alliance, which represents large technology companies including Microsoft Corp. and Intel Corp. "The scope of patentability could have ramifications for the path that technology takes."
It's impossible to know what products might never have come to market without patent protection for software. But tech companies say these patents have played a critical role in keeping the U.S. at the cutting edge by giving people control over their inventions for nearly 20 years.
"The software industry would lose an important incentive to innovate if the government ceased issuing software patents," warned patent attorney James Carmichael, a former judge on the Patent Office board of appeals.
Although technology companies insist they'll keep innovating no matter how the high court rules, an unfavorable outcome might force them to write patent applications in a different way or rely more on copyright and trade secret protections. And it might even draw Congress into the debate.
The facts of the case are not about software.
The roots of the dispute go back to 1997, when inventors Bernard Bilski and Rand Warsaw tried to patent a method of hedging weather-related risk in energy prices. That process, which powers energy billing services offered by a Pittsburgh company called WeatherWise USA, can be used to lock in energy prices, even during an unusually cold winter.
The Patent Office concluded the process was too abstract and denied the application. So Bilski and Warsaw took their claim the U.S. Court of Appeals for the Federal Circuit, which upheld the Patent Office decision last year and said a process is eligible for a patent only if it is "tied to a particular machine or apparatus" or if it "transforms a particular article into a different state or thing."
The Bilski filing, the court found, did not meet the test.
Now, the question facing the Supreme Court is whether that "machine-or-transformation" test is the right standard.
The answer should settle a long-running debate over whether business methods should be eligible for patents.
Some of the best-known business-method patents in technology come out of electronic commerce, including Amazon.com Inc.'s "1-Click" tool for completing online purchases and Priceline.com Inc.'s "Name Your Own Price" model. Yet many big companies, particularly in technology and financial services, argue that such patents are too broad and too often used as weapons in costly infringement lawsuits to extract licensing fees.
Technology companies, meanwhile, are watching the Bilski case for another reason: If the Supreme Court upholds the machine-or-transformation test, one of their fundamental assets -- software -- might no longer qualify.
The number of software patents has been climbing sharply in recent years -- a reflection of the technology industry's explosive growth and the increased reliance on software in all industries. A series of court rulings upholding software patents in the 1990s, including a key case in 1998 that opened the floodgates to business-method patents as well, also helped drive up software patent numbers.
Not everyone agrees software patents are a good thing, though.
Rob Tiller, assistant general counsel for software company Red Hat Inc., maintains that software patents actually discourage innovation because software developers are at constant risk of infringing on existing patents. Red Hat embraces the open-source movement, which makes software code freely available for anyone to modify, improve and use and is fundamentally at odds with software patents.
As the justices sort through these issues, they will have to determine how to draw the line between theoretical ideas not connected to the real world and concrete applications that put those ideas into practice.
The Supreme Court has already established that abstract ideas, natural phenomena and laws of nature cannot be patented. But there is still plenty of disagreement over what qualifies.
The same appeals court that ruled in the Bilski case had reached one conclusion when it upheld business method and software patents in the 1990s, saying that any invention that produces a "useful, concrete and tangible result" can qualify. The machine-or-transformation test arrives at a very different understanding.
Michael Jakes, a patent lawyer representing Bilski and Warsaw before the Supreme Court, argues that the new test is too restrictive and would exclude too many innovations -- including software -- in today's service-based, information-age economy.
"The test may have made sense for industrial processes such as curing rubber or tanning leather," Jakes said. "But with today's technology, we have processes that don't fit these categories. But they are still practical and useful and innovative and important."
At this point, there is no firm consensus on what the test for patentability should be. IBM Corp. says an invention should be eligible if it makes a "technological contribution." Microsoft says an invention should be eligible if it has physical properties or produces a result in the physical world.
Under both tests, the companies say, software would make the cut and the Bilski risk-hedging application would not.
Indeed, Horacio Gutierrez, deputy general counsel for Microsoft, said the Supreme Court would actually help the technology industry by blocking a patent in this case -- sending a strong signal that the government must hold patent applications to high standards.
Whatever test the Supreme Court ultimately settles on, IBM attorney Marian Underweiser hopes it will be flexible and broad.
"The danger is that if the test is too narrow and too specific," she said, "it won't stand the test of time because technology moves so quickly."
I have been to both places. Both are great. Why not lets all go to both places?
Get your passports ready.
SS
To: Ian McCready, CEO NeoMedia Technologies
Date: October 30, 2009
Subject: New and additional CEO duties
Dear Mr. McCready
First of all, I would like to congratulate you and your team for the recent accomplishment at NeoMedia Technologies. Now, however, the nature of your CEO duties are expanding. You had expressed to Bena Roberts that you understood the frustration of the company shareholders with respect to your disciplined silence about company proceedings. You also stated that now you could speak out. Please do so. You are now also to become the leader in speaking out about the prospects of NeoMedia Technologies on behalf of its shareholders. Now we expect you to begin to provide guidance to the global investing community.
-When do you anticipate that current and expected cash flow will fund current operating expense?
-What is the approximate number of current and expected licensing prospects that are in the pipeline?
-How will new licensing deals that occur through Nuestar be reported to shareholders?
-What monetary value do you expect that the average license agreement will bring to Neomedia Technologies?
-Where do you expect to see the book value of the company in the four quarters of 2010?
-Are you attempting to secure an investment/partnership purchase of a fractional portion of NeoMedia Technologies for new funding? When do you anticipate that this would occur?
-When do you anticipate being able to drop the 'going concern' language associated with NeoMedia Technologies financials?
-What time frame do you have in mind for retiring the debt obligations owed to Yorkville advisors?
-Do you anticipate being in a position to initiate a company share buyback program, and what time frame do you expect for this?
-What do you anticipate the company will look like in one year's time?
-When do you anticipate public advertising/marketing of NeoMedia Technologies to a large scale audience?
-Will you begin posting a monthly company newsletter to discuss relevant events and company evolution?
There are many more questions. Even without having all of the answers, some discussion is valuable and proper. Please begin speaking out to the world.
Sincerely,
Silversmith
I hear what you are saying Hangdog, but I am not sure if I agree. The volatility is the volatility. It is what it is. The percentages will likely remain consistent in the ups and downs. It is true that the dollar amounts will be much higher, but the overall investment value is also much hihger.
There is an old philisophical saying that applies. The saying is- beware making a bold statement/prediction, and following it with timid action. Our anticipation of NeoMedia value becoming large over time is a bold statement. Not staying in it in a significant way, or not getting in with all that you can get while the getting is good, would be the timid action.
I remember an interview with hank Greenberg, former chairman and CEO of AIG before the investment banking blowup, where he talked about volatility while owning a large holding. He owned 67 million shares of AIG. Every one dollar move down cost him 67 million dollars on paper. He said that it will drive you crazy but you get used to it. What you used to consider a large amount of money changes as the amounts get larger.
Unless we experience truely wild volatility, I believe we should probably just forget about it. How much money do you choose to leave on the table. That is the question. I believe that if NEOM reflects all of the different pies that the tech has the potential to have its fingers in, then this stock will have high volatility and trade on every little piece of news every day from across many investment sector types.
We will see.
All the best.
SS
Claw
You can almost see the wild eyes and frantic psychotic seizures of the newbie flippers who have invaded. Did they miss the move? What's the float on this? How high will this go? Who's on first? What day is it?
I find myself very grateful that I know what I know about this company; that I have the company of the battle hardened longs- you know who you are.
Well, here we are. Look- you can see a long, long way down the road from here. It looks very good to me.
Now, patience. Let the recurring flow of revenue work its magic in molding this company into one of the new tech titans to come. Even I don't know if I will stick around for the years that that will take, but the road lies open. It is probable that in short order the cash flow will remove the final two hurdles. I have time enough for that.
Congrats to the longs.
At least one round is on me in Vegas.
all the best.
SS
You were just fine in the CC. It was needed.
SS
You Betcha!
There is way too much going on in the mobile space for there to be a long delay before the global investment houses start analyzing potential returns. The Scanbuy settlement still must happen first, but it won't be long after that. Provided that there are not any serious snafus concerning the technology or security, it is only a matter of time before some of the high power investment firms start doing some number crunching on this space. It still looks to me like the trading taking place here remains on the margin. We have seen no real, deep, power behind this trading. We are all still a ways ahead of the curve. It looks to me that for the most part we have tech weenies, dreamers and flippers here. No offense to the tech weenie moniker, I fall in this camp myself.
What I have not yet figured out is whether this company's value, and the markets acknowledgement of that value, will slowly grow over the next twenty four months, or just explode over a week or two. We have had some mighty good, landmark, news take place in the past with vastly undersized movement in the pps. I can only think that this is due to the trading still being from a group on the margins.
I have seen both scenarios play out before with revolutionary product small companies before. I really do not know what to think NEOM's share price will do. Will we watch paint dry, or hyperventilate in awe?
The Krays find is so huge, I can't imagine that there won't be a big fight over that. Fortunately, that is one for down the road. The build-out will be a long way along before they get to that one.
For all of the dreamers here, buckle up. It is never as easy as you are thinking that it is. There will be pain yet. I am anticipating that this is going to be one of those stocks that will be traded hard on every little piece of rumor,inuendo, shread of information, and economic mumbo jumbo. The volitility will likely be huge. I hope that it doesn't turn out to be one of those battle ground stocks. At this point, I don't think that it will.
Just some thoughts.
SS
Welcome to the board Dave. Screwdriver223 sounds like the right kind of name for this place. Most of us have been here for a long time and have laughed, cried, pulled out hair out, and wanted to shout some sense into many business administrator's heads. It has been a trip.
The deal was, that in the beginning we all were pretty sure that we were invested in the right race, but questioned every second of our lives whether we were invested in the right horse in the race. Now, and especially within the last six months, we have extensive and high powered evidence that the mobile advertising space is most definitely the right race. I personnally have put that question to bed. This technical revolution is hot and going to be huge. It will change how society behaves across the globe. That does not mean that it is built out. It isn't. But we are beyond the turning point with it. I don't believe that it can be stopped now.
The issue of the horse named NeoMedia Technologies is another matter. The truth of the matter was that many stars had to line up for NEOM. Many successes acheived by other companies had to create the demand for the technology. And much luck had to come NEOM's way to keep it just shy of receiving a knockout blow from the bare-fisted fight that ensued.
It was very, very, close. It is still fragile, but it is looking like NeoMedia is standing taller and stronger rather than tottering and asking for the smelling salts. NeoMedia has been asking for whole cases of smelling salts for years, historically (thus the crying and hair pulling by us shareholders). In fact, when you review the last five years of NeoMedia history, and compare it to now, things do look like NeoMedia is the correct horse. We are pretty much in the middle of the unfolding of some legal events that make it a stronger case that the rule of the land is that players will have to go through NeoMedia to be in the game. In this kind of postion/status establishment, it is never really a done deal until precedence is set over time. We are in early days yet.
Your father and I were on the same page with this. The potential to reap very large gains is very real. The current financing picture with NeoMedia is the shareholder's number one reason why this share price is still stuck in the mud. There are events that can mitigate this and unlock the share price value. But, with a large holding, you don't need to see one hundred percent of the value unlocked. I would recommend that you start fixing in your heads the point at which you will exit the trade. That phase of the game is coming within the next 24 months in my opinion.
All the best.
SS
I have been traveling on business for the last few weeks. Reading posts but could not post myself. I was truely humbled and sad to hear of Dr. Mike's passing. I am seriously bummed about that. I wish all the best for his family and friends.
I can't believe that no one has raised the possibility that the 77 million shares traded at .002 may be for the lawyers. With a Scanbuy settlement coming soon, the lawyers have to be paid. It is possible that YA sold shares to either NeoMedia to pay them, or sold them to the firm for payment. The 77 million is not greater than 4.99% of the outstanding. If they were obtained by the lawyers and sold at .008, then the net would be somewhere around 4 to 6 hundred thousand dollars. That seems to be in a ball park of what should be owed to the lawyers.
Take care all.
SS
I am very far away from the financing. Until I purchase shares that is. If I buy, and the other side of the trade is YA, then there is no doubt that I am part of the financing. I work in the printed circuit board industry. Not even close to the mobile app world. Except for the printed circuit that goes into the mobile device.
I'm with you Roadog.
Nobody had anything to say about the fact that NeoMedia will get a percentage of profits from Mobile Tag's license deal. That sounds like cash flow to me.
This story can change on a dime in a hurry now. I am not going to pump the company right now, but things look OK to me. Yea Yea, I know how we all feel about YA taking their pound of flesh. That is what the circumstances are right now. It is the case that YA has strong influence in the share price when moderate fringe trading is taking place. I have repeatedly said that we can only get our relief when we see day after day of a hundred million shares traded. This will only come about when the larger public sees the potential and reality of this building tech wave, and spends money on it. This dumping into up moves is the way that it is supposed to be done. YA gets some money back. They then loan it to NeoMedia for near term funding. This is how NeoMedia gets money from the public sector. The dilution sucks, but if you believe in the tech, the probable legal ownership of the IP rights that NeoMedia has, the best intentions of the NeoMedia management, and a yet to be huge tech wave, then you have to ante up some more to keep up with the dillution.
I am mostly leaning toward buying alot more myself. This is exactly the point in time when giving up and throwing in the towel will separate the winners from the losers. You can't be a winner without risking being a loser. I think that we have another 12 months before the fruit is ripe.
That $.011 share price wall due to YA was written so long ago now that it probably no longer applies. In fact, the share price continued to fall to $.0015 or so after that point. The post USPTO event caused the share price to jump significantly in spite of YA conversion and selling. It is clear to me that massive public buying can indeed overwelm YA selling.
YA has millions at risk with NeoMedia. They made the investment, demanded favorable terms, and it put them in a postion to benefit significantly. That is how the game is played.
We were nicely on our way with the share price until the last conference call. I would like to know who the brainiac was that pulled out his assault rifle and shot down the NEOM balloon. Let's see now- 'NeoMedia, the whole interested world is listening, and I was just wondering; if you have no money, and no one in the world will give you any money, will you have to declare bankruptcy?' DUH! You could have asked the same question of Microsoft, Google, and the federal government. What the heck could that question possibly have been for. Of course the answer is yes. It is yes for every single company on the face of the earth. The newbies went into a panic. The share price came down. Now we wait for the next big news. If there are revenue streams associated with it then I hope we never hear that question again. No wonder the company wants nothing to do with meetings of any kind.
Think about what is going on people. The smart code communications world is now in full out open warfare. It is war. Think about what is faced each and every day now with the players in this field. I would like to see someone find a very recent picture of Ian. I want to know if he is looking tired. Lost a little weight maybe. Bags under his eyes and the start of a snarl on his face. He better be. Because if he isn't then NeoMedia is committing the same error that they have in the past. They thought that the world would beat a path to their front door. But what will happen is that the world will eat their lunch.
This is not a place for the weak hearted. As investors, you had better be capable of taking a shot. The old timers have taken such a shot. We are still here. This is far from over.
As a famous man one declared; in the short term, the market is a voting machine. In the long term it is a weighing machine.
In the realm of smart code communications, the machine has weighed no one yet. All that has transpired to date for the share prices of any public company associated with smart codes is simply marginal voting.
The weighing is yet to come. NeoMedia's IP has a weight that is significantly more than is currently reflected; even if only to buy it and make it go away.
The only thing that always runs around in my brain is the question of whether NeoMedia is a scam or not. There are many pink sheet companies that are scams. When I weigh the events and efforts put forth by the people that comprise the company and those backing them, I get a resounding NO. I do not believe that public anouncements of progress with the company forging deals with other legitimate companies(albeit foreign ones so far) would be part of a scam. This would open them to serious legal exposure.
Therefore, real work is being conducted, luck and smarts are yet required to generate shareholder value, and it does not take a rocket scientist to see that smart code communications is not yet quite there yet.
I believe that current shareholders should be preparing for the task of deciding whether to tender their NEOM shares for an upcoming buyout offer. I think that the HUGE news is going to be that NeoMedia has an offer to be purchased.
If the news was that NeoMedia has obtained investor/partnership financing, then Ian would not have said a word to Bena about big news coming. He would have simply delayed the interview.He would not have risked influencing the share price. If the news was about big new licensing, things would be much less quiet than it is and has been.
The news could still be about an agreement about ScanBuy, but I doubt it because of the interview that Bena had with YA representation and the latest vested options docs.
Bena's interview with YA produced "NeoMedia is a great company.". "They are in a strong position." There are only two fundamental intents with the phrase that NeoMedia is a great company. One is that of describing a stalwart, impressive, I wish I had it for myself, kind of meaning. The other is that of, I am glad that I have it for myself, and the closely associated- I am going to miss it when it is gone, meaning. We all know that NeoMedia is not a stalwart, impressive company, so it must be the other intent. An offer to buy NeoMedia is independant of the current share price. Ian could safely tell bena that a big deal is in the works ( to settle us down from all of the mutiny talk- we are the reason that Ian felt compelled to say this to Bena) without sinking a buyout offer. YA does not own or grow businesses, house cleaning and organizing of vested stock options docs, Ians unwritten mission/marching orders to sell the company, no hiring of new employees, no money grab from YA financing to grow operations, no news of additional deals from media corporations, etc, etc. This all looks to me to be a deal of a sale of the company.
What is a proper and fair shareholder share price offer? We need to come to a concensus on this.
Yes Claw, they have been gorillas in the mist historically. Have you ever seen Chas and Jensen speak to the shareholders? It was so clear that they were way out of their league. It was highly misleading and still gives me goose bumps. But all of the action in the build-out and in our little NeoMedia is real right now.
There are many different degrees of success to consider if you are wondering whether it would be too late for investors learning of news after a significant PR. This is not going to happen in one day. Not even in one month. If you are thinking that NEOM will be good for you in the .10/share range then it can happen in one or two days. But only if there are a large number of investors sitting on the side line, knowledgeable about NeoMedia, waiting for concrete news of growth in the prospects of the company; or if the current investors have many more dollars and courage to put in play(I doubt it). If you are looking to see NeoMedia valued at 1 to 2 billion, then you are talking about an entirely different thing. This will require a constant cascade of favorable press releases, favorable press,actual cash flow, AND, day after day after day, for months, of hundred million shares traded days to the upside. In my opinion, if you are looking for the easy 1000% gain from the current .014/share, then you had better already be in it.
If your time line is one or two years for a life changing event, then you had better be already in it in a big way. If your time line is a NeoMedia that is an established company with all of the departments and employees that a stable tech company exhibits, then you have lots of time.
Of course the stable, well established, NeoMedia will probably never happen though. There is too much money to be made in this business. They will be purchased by someone before then.
Most everyone needs to just calm down here. We are not quite there yet. It is likely that only a fraction of mobile advertizing investors would see Bena's postings. Any trading in NEOM that would take place as a result of anyone's blog would be from the freaks like us who watch this like a hawk. This stock will not return the numbers that we anticipate until the broader investment community gets wind of it. That is not going to happen until wall street gets wind of it. For any news that might come out about NEOM, I would not anticipate large movement unless it is a real press release and we see between 50 and 120 million shares traded daily. It takes a 'Huge' pile of buying to move a share price up strongly, but it only takes a lack of buying to have a stock tail away lower in Penny land. Everybody be cool. The 800 pound gorillas are in the building and the build-out is underway. We will get ours.
rkor
I was looking at your fabulous breakout chart and noticed your dogs on the beach. That looks like intercoastal waterway Florida. Are you a fellow Floridian? Anyway, the last time I posted here was early last year or the year before. I said then that it would take more than a year for this stock to move. It looks like the right events have happened to allow for the rest of the investing public to anticipate the potential of this company. I believe that we still have a year to get to the point where we can all sell to new investors without feeling that we have left too much money on the table. Neomedia's corporate players are the right people and I know that they smell success. They still need more time to see what they truely can do with this company. I don't believe that they will have the time though. I believe that the company will most certainly be bought. One of the big boys will not let the opportunity for the attempt to be the keeper of the gate get by them. I know an awful lot of people. I travel all up and down the east coast all the time. Many people who would not have any reason to know who Neomedia is are mentioning Neomedia. They don't know all of the ins and outs of the company, but they know that something new is coming to their lives via the likes of this company. It will simply be too lucrative for the big boys to watch from the sidelines. So, when and how much? I believe that they will wait for a court decision, somewhere, to happen. It is true that anything can happen, but the overwhelming weight is in Neomedia's corner for a 'law of the land' decision in Neomedia's favor. By then this stock will have already moved up considerably due to corporate getting some wins in the done deal column. JP's putting up numbers and the good Doc's eyes are bulging when he sees them. I don't see any reason that this stock can't be easily north of 65 cents in a big hurry when some actual cash flow is in place even before a big boy makes a play. As far as what this company is worth. Think about it. If the rest of the world wants the indirect method(and why in the world would they want to be hog tied without it), then this is a billion dollar company in the wings of its very early days of evolution. I have been sitting on millions of shares for a long time. Somewhere between .90 and 1.40 is the right price for this company not including YA's take.
Enjoy the beach.
Dr. Mike, there will be an end to their selling one day. they do have a finite, specific number of shares. As long as NEOM does not go back to them for recapitalization in a manner that nets Yorkville/Cornell more shares, then it will come to an end eventually. I do not really think that Y/C is a big problem at this time. If it is them that is making the wall at .011, then they are only doing what is reasonable for them and one day it will end. I believe that the only true worry out there for current NEOM shareholders is three fold. One is that NEOM doesn't have a fatal implosion due to capitalization shortages. The second is that the mobile industry doesn't innovate significantly far away from what NEOM's products can offer. The third is that, on an indivdual level, the current sharedolders don't have a sufficiently long time horizon to hold long. Elsewise, it should only be a matter of time. I believe that even if NEOM came out with a PR tomorrow that every carrier in the world was putting the reader on board, and that the patent review was favorable to NEOM, and that Scanbuy was found to be infringing, that not a whole lot would change in the near term. There might be a pop up to about $0.17 due to inexperienced expectations. It would still remain the case that NEOM would have to actually perform against the competition, the entire nascent industry would have to get the public into it, and revenue would have to begin to be generated. Even if the patents are completely or largely upheld, the companies that are splashing news of new developments on a weekly basis would simply pay the fees to play and be on their way. They are all trying to get some of the pie. NEOM will have to compete. Chip is so very correct about this. It is in my mind why NEOM will turn out good in the end. Chip sees this. The major falt of Chas and the old team was that they could see the potential and incorrectly thought that the world would beat a path to their door. It never works that way. I personnaly believe that if I were really wanting to have what NEOM has, I would be thinking that the company is currently worth something in the neighborhood of $250 to $500 million right now. It does seem rather clear that there will be no stopping the movement to public mobile connectivity with the internet. And if the patents are upheld, then it is only the case that NEOM would have the 'Buffet-esk' mote around the castle. This only means that it would be best in class, not the entire class. It is a matter of time. My guess is that it will be up to three years but probably two. Chip is using the Japanese as a guide and thinking that it will be 18 months. The current shareholders have to be able to hold for more than a year yet.
All the best.
I don't have a clue. How do you know that they do?
In any case, this is all small stuff at this point in the game. It does not matter that many entities hold millions and millions of shares and are willing to sell at these levels. If NEOM actually becomes a company that just happens to have a product that truely has become an income generator, then the institutions/public will want in on it. This will overpower any selling pressure that even Y/C can put forth. When this stock sees 20 to 40 million shares traded daily, then we will be in the game. At that point it will not matter to the early investors that NEOM has a billion plus float. You will still make money.
$0.011 is a wall because Yorkville/Cornell has a boatload of shares priced at $0.01. They sell at $0.011 and make 10% return on the transaction. For now, that is good enough for them. It is making them money. It will continue until they feel that they have reduced risk to a sensible level. If you want something to do, find out who is their clearing house for the share sales and how many shares that house has sold, find out how many shares Cornell has available for sale, and the difference is the size of the remaining wall that they can hold us at $0.01.