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A little off-topic:
Anyone who takes a look at the Short Interest in Hewlett-Packard (which seems nothing but a bigger version of Neomedia by now) over the past two or three months can easily see just how rigged the game really is.
Every neutral investor (meaning one that hasn't spent the last decade or so in the Neomedia vortex) would instantly vomit in his or her mouth by just reading through your truthful post.
Why are we holding on? This is madness. Btw, I just bought more yesterday.
HH to you, too. Stay a while, it's getting hot in here.
That made me laugh.
No... she can't. That's exactly the problem. YA already got the shares, they're theirs to sell. No accounts to be frozen here. Looking back is completely useless in this case.
What I don't like is her acting like a politician as many others here have pointed out, e.g. not being precise about new loans from YA, pushing dates around, not commenting on certain investments such as Soon-Shiong's, etc.
How do you want to stop the death spiral? Any suggestions? There's no way out of debt other than paying it off (unless you're Argentina of course).
Living up to the name, I see. I honestly hope you'll be rewarded. It's been guys like you that kept this boat afloat.
If it truly is a Patent Liense Agreement including royalties, then I expect Ms. Marriott to come forward with this sooner rather than later. Investors have been betting on their own ideas long enough.
Absolutely. Forbes called Steve Ballmer the #1 CEO that should have already been fired. One reason they named was that he went 'all in' with Windows 8.
Forbes called it an 'insane bet' on Microsoft's future.
I strongly believe Neomedia and its IP portfolio are part of that gamble. The picture got a lot bigger this year. I can't wait to see the final cut.
I agree, it sounds parasitic. Yet, I'm pretty sure Microsoft didn't pay Neomedia to see its name dropped somewhere in some 10Q.
'Their suite of products, services and extensive IP portfolio, including Microsoft, means they are the only provider able to offer customers a comprehensive end-to-end mobile barcode solution.'
Laura Marriott keeps pushing Neomedia's newfound USP 'end-to-end solution'. I wonder if Microsoft was attracted by that or is a part of it.
Thanks for taking the time. You've got another follower.
Summary: Neomedia had (until recently) not too much of an idea of what it was doing. Neither did the shareholders. Great.
I also noticed Neomedia's realization that clients desire full-cover package deals (which take time to set up) and I like it.
'Perhaps the conference call will give Laura the opportunity to outline how NeoMedia makes it to break-even and then debt free. Investors would much appreciate it.'
A helluva 'Halleluhia' to that!
It'll be over soon. Nobody's buying shares anymore. Neomedia has to come up with a plan to pay off YA or restructre the debt with them, otherwise it's game over. Convertibles are the most idiotic form of corporate financing ever invented. I wonder what Laura Marriott thinks about Dr. Soon-Shiong's share meltdown.
Btw, your quotations from page 27 have been part of Neomedia's 10Q since time immemorial. Not that it makes them less true.
I get the feeling for austerity to work here Neomedia requires the combined help from shareholders once more. I doubt many possess the insanity to do so, though. Reminds me of southern Europe.
Sounds good. Since Neomedia seems at its busiest right now, I wonder why they didn't streamline it before.
Neomedia was able to postpone the debt default date this summer. Do you think self-sufficiency will enable Neomedia to repeat that?
EDIT: Do you think the trim down is going to hurt business in the long run?
I imagine there will be quite a lot of Schadenfreude once this thing goes belly up.
Self-sufficiency.
Great pic. Makes me want to watch it again.
Your statement is an absolute in a changing environment. We know now that it applies to every single moment in Neomedia's history. That makes it right as well as superfluous.
In other words: Can you go back and find a single date that resembles a copy of the state of play? If not - then it's time to await the fruition of today's constellation of hope or - bankruptcy.
It's fair to say Ms. Marriott isn't allowed to refill her office coffee pot without YA's endorsement. Brutal management conditions, the kind of stuff they don't teach you in college. This is going to be one of the greatest turnarounds of the decade. You watch.
The question I have is: If the patent actually allows access to superior technology - why sell it? And why now?
There's a dozen good reasons to do so and all of them make Neomedia look good. Still, I wonder.
Laura Marriott took a pay cut. That's all I need to know. In the desert, nobody leaves water in a sponge.
The kowtow of a competitor or a free rider cleaning out the attic?
Huron PM's last update claims the creation of barcodes for construction management of Martian outposts. That was 3/10/10.
'We obtained two short term loans for operating capital during the three months ended September 30, 2012 for a total of $110,421 from YA Global, which are included in Notes payable at September 30, 2012. These loans were repaid in full on October 1, 2012.'
'We repaid a total of $565,000 of principal and interest of our Debenture Obligations to YA Global during October and November of 2012 out of operating cash flow.'
What exactly happened in September? Could it be 'operating cash flow' actually lives up to its wording and stands for more than the Microsoft deal? Why did they choose to make several payments to repay Debenture Obligations?
They chose the date and not the phrase. Numbers have always been the death of politics and words are only used where truth might hurt.
Labor pains should end soon, birth to be expected around Christmas.