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That's a nice one-day gain ...
... and on the highest volume (190,987?) in the last few months other than Russell-related trading.
Maybe the conference went well? Folks betting that it did? News about to be put up that might have been leaked in advance, with possible conference based buying being a good cover for any unusual spike in trading?
Time will tell.
jonesie
It certainly has more room ...
... on the upside than it does on the downside.
Good luck!
jonesie
Now that is funny, a start up
NeoMedia is going to that well again? They want to be a startup ... again? LOL, thank you Iain, nice chuckle this morning hearing that he said that.
Look at this post of mine from July of LAST YEAR:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30873687
"Someone at NeoMedia told Bena Roberts ...
... that Neomedia is a startup company.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30194724
From Bena's blog:
4/1/08
"I overheard a conversation at Showstoppers last night and the same questions were thrown at NeoMedia that even I asked about eight months ago. I felt like shouting at the guy and saying move on! I didn’t and nor did the Neom people at the show. They were focused and calm and said, we are a start-up in mobile barcodes vying to get a lead in the market."
http://www.gomonews.com/ctia-showstoppers-neomedia-is-a-start-up/ "
Excellent dot-connecting.
Finally drawing the correct picture of what this and other YAGI-Jobs have ALWAYS been about.
Better late than never? Well, at subpennyland again, late is late.
The only reason management gets changed, well, reasonS I suppose, is it gives people fresh hope and keeps them in, and brings fresh buyers in, and it's also a matter of which manager can do the best job of getting YAGI the most money. The manager who YAGI thinks can do or is doing the best work on behalf of YAGI keeps his job the longest and gets paid the most.
'course, management gets paid directly with money out of small otcbb investors' pockets. All those who bought at .03+ and .025 and .02 and .015 helped pay them handsomely and helped 'keep the dream alive' for YAGI-NEOM.
jonesie
p.s. Those .03'ers must have nightmares at .0056. Hard to believe anyone old or new to NEOM could be talked into taking another 80%-down-trip in NEOM again.
jonesie
So NEOM has gone from ...
... "they will have to restructure the company in order to proceed with rolling out the NeoReader in mass, and roll it out they will." ...
... to NeoReader just being one of many common readers.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=28600793
"The NeoReader which is 5 months out of Beta testing and readied for launch also scans 1-d UPC and EAN barcodes, is direct as well as indirect and has gleaned the attention of some extremely prominent international OEM's. I also believe it has completed the mandatory certification process involving Java, Brew, Palm and Symbian Series 60 while the Carriers will require cataloging. MSFT 5.0 is just 1% of the overall mobile browser market, so I don't know if they have pursued this. The point is that the heavy lifting is finally done."
With NeoMedia what was 'important' and 'money-making' and candle-lighting one day always becomes 'well, that doesn't matter anyway' later on. Then on to the next great sca..., er, pum..., er idea that was supposed to be important.
So, the backend is the important thing now. How long before that isn't important to NEOM shareholders ya think?
All that was ever important about NEOM was the fact that YAGI was involved (with inevitable ramifications I showed in infinite detail years ago) , that NEOM had its origins in Fort Liars, Florida (one of the pennystockscam hotbeds) and that NEOM was connected to a multitude of do-nothings and stock scamsters.
jonesie
Maybe you'll hear TIV ...
... talk about the gold in them thar hills.
"What the @$#& has "Mr.Salesman" Dean Wood's accomplished to date? Or Laura Marriott? Do these people even show up for work?"
Just before Dean was hired:
Date Open High Low Close Volume Adj Close
2009/03/04 0.0060 0.0065 0.0055 0.0062 9,826,196 0.0062
Date Open High Low Close Volume Adj Close
2009/08/31 0.0075 0.0075 0.0065 0.0068 12,596,132 0.0068
"Will you be in attendance? I most assuredly will."
What happened to the ASM? I forget.
jonesie
Is it time for another?
lol
See the loading up before the run to $2?
See the loading when it got back down there again but didn't run?
Who was saying what at those times?
lol, somebody should write a book and SUPI could have a little bit in one chapter. So many scam stocks out there.
jonesie
So you think AnnounceMobile is under NDA with NEOM?
Good luck to you with that.
jonesie
That list leaves out ...
... Jeff Mould and AnnounceMobile.
GIBBER the answer you received was perhaps ...
... somewhat misleading with its phraseology.
"Both the DM and QR codes are open source codes and are covered under NeoMedia's indirect patent for retreiving information from the internet from a camera cell phone."
NEOM's patent covers one particular way (indirect) the DM and QR codes CAN be used. It does not cover the way(s?) they ARE mostly used throughout the world as well as in this country.
And, unfortunately, we have seen little if any proof that 'they get royalties for(sic) from people who use' anything at all.
jonesie
And keen from a perspective ...
... that MicroPaint was a lock to pay NEOM's bills and even fund growth, whatever THAT has ever meant in NEOMland.
As you know, MicroPaint wasn't touted by management as being a temporary panacea.
jonesie
TOP INSTITUTIONAL & MUTUAL FUND HOLDERS
Info now shows the departure of Russell-related entities.
In addition to the Russell departures Barclay's, State Street and TIAA-CREF are notable departures, cashing in their chips and taking their losses.
Overall significant net loss of holdings by institutional holders as was to be expected, from approx. 4MM down to approx. 3MM shares. Not to mention the huge dollar losses some of these were hit with. If Russell-related funds are lucky they'll never be forced to buy TIV again.
Goldman Sachs is an interesting addition, I'd have to look back to see if they've been around before, I think maybe they have.
Smallest 3 mutual fund holders are smaller than they were before.
Largest holders in both categories are smaller than they were before.
"I'm sure they had a good reason"
And what could that have possibly been? Anybody?
I mean, a 'good' reason.
jonesie
But NEOM doesn't have a SEDA any more
TOP INSTITUTIONAL & MUTUAL FUND HOLDERS
# of institutions holding TIV shares dropped again, from 38 to 34. I don't think this includes the dumping by Russell-related holders as they still show up in Yahoo's info. I could be wrong about that. We should see them disappear in later updates.
http://finance.yahoo.com/q/mh?s=TIV
Major Holders
BREAKDOWN
% of Shares Held by All Insider and 5% Owners: 11%
% of Shares Held by Institutional & Mutual Fund Owners: 10%
% of Float Held by Institutional & Mutual Fund Owners: 11%
Number of Institutions Holding Shares: 34
jeffz2, 6.7B shares 'fully diluted' is nothing compared to what it has been in the past when the share price was much lower.
Check out the post linked to below
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31472415
NEOM put in their 1Q08 10Q report that they had 9.6B fully diluted. And in a subsequent report the number they reported was over 24B, go all the way to the bottom of that post.
All 'fully diluted' is ("all" lol, I shouldn't minimize it that way) is the number of shares that would be outstanding if every convertible financial instrument had been converted at the PPS on the day the SEC filing was made.
Some say it wouldn't be possible for YAGI to actually do that because as you say, the number is greater than the A/S. But we have seen odd things happen in SEC filings with NEOM, and in 'explanatory' emails from NEOM's CFO and General Counsel to me.
But at the end of the day I imagine YAGI will put all of the shares they could be 'due' into play for their best interest, no matter how that number compares to the A/S. One called vote to raise the A/S to however many billions YAGI wants it raised to and it could be a done deal.
JMHO
jonesie
Maybe, maybe not. Clawmann, what think?
If everyone holding 51% of the authorized decided to vote against YAGI, if a vote was ever actually allowed to be brought forth, JP's comment could be accurate?
Of course IMO YAGI has the noose tied around NEOM 18 other ways and can take any number of steps to maintain complete control over what NEOM can and can't do.
clawmann, is there any way YAGI can loose, I mean lose, control of NEOM simply by virtue of the outstanding share count tipping over 2.5 billion shares?
jonesie
Actually it was Egan who sent the email ...
... in an unprofessional way , exhibiting someone's personal email address instead of mailing it 'To' himself and BCC'ing the shareholder email list.
Convertible preferred, preferred in Death Spiral Toxic Financing everywhere.
Everyone has to vote on this and to increase the authorized number of Convertible Preferred shares from 5,000,000 to 20,000,000. 20,000,000, that's a HUGE number, TIV must plan on needing to try and sell conv. pref. shares to raise money for a long long time.
That could turn into a LOT of outstanding shares over time as the 'preferred' folks convert lol. Everybody be sure and read the details in the proxy when it arrives, and understand what it's telling you.
I've seen Convertible Preferred with a fixed dollar value attached to each share, for example $1000 per Conv. Pref. share. At a PPS of a buck, the holder can convert into 1000 shares. At a PPS of a dime, the holder can convert each conv. pref. share into 10,000 shares.
Often the conversion features a discount which the holder can take advantage of, something like being able to convert at a 90% discount to the lowest closing price in the 30 days preceding the conversion date. In the event of a little short-lived run up in price like from $1 to $2, the holder can look back into a 30-day window, convert at that low closing price of $1, or perhaps even at 90% of that or $0.90, and immediately dump the shares (the new shares that TIV instantaneously 'virtually' prints for the holder) onto the open market at $2. The holder makes 100% and suppresses or even tanks the share price by dumping the shares, and the outstanding share count immediately goes up, further diluting the value of each share held by the hopeful Joe Investor.
Wash, rinse, repeat.
Anyway, it will be interesting to see exactly how TIV does it and how much regular shareholders will or will not get shafted. Maybe TIV will utilize a 'kinder gentler' Convertible Preferred scenario.
jonesie
And then when you REALLY think ...
... you've seen it all, the revised shareholder letter comes out, and it's "TO" Behrooz with everybody else being BCC'd.
At least Felicia figured out how to send these things out without publishing the email addresses of every recipient LOL.
Hi Behrooz. Did those "ilks" (lol) push the stock price down far enough and long enough for you?
jonesie
Nice catch Streetstylz.
So if "the likes of someone such as Dennis Priddy who is the original inventor of the DataMatrix code" leaves NeoMedia (fleeing a sinking ship?) is it as big a loss as it was "a huge win for NeoMedia" when he was hired?
There's that HUGE word ;)
I mean, after all, "Dennis Priddy invented the Data Matrix symbology". I mean, after all, "This guy is quite literally a brain child..."
Did his brain finally figure it out?
Perhaps so.
jonesie
I wonder what's going on at 'HQ' in Atlanta?
Still paying the rent?
From the 2007 10K "Our principal executive, development and administrative office is located in Atlanta, Georgia. We occupy approximately 10,025 square feet under the terms of a written lease from an unaffiliated party which expires on September 29, 2011, with monthly rent totaling approximately $11,250."
I guess they don't really need all that space since it turned out they weren't really hiring employees at breakneck speed.
How many employees now? From the Q:
"On April 29, 2009 the Stock Option Committee of the Board of Directors approved a resolution granting 6,548,540 stock options to 14 of our employees and directors to partially compensate them for reductions in salaries and fees related to our cost control measures."
How many directors? 3 listed on the website. (They certainly deserved more options as compensation for reductions in fees, they have done a really great job to date.)
So NeoMedia had at least 11 'employees' (including Iain?) on April 29. How many of those are in Aachen Germany? The remaining few have plenty of elbow room in 10,000 sq. ft. I guess.
jonesie
Nice catch arpvrp.
Best,
jonesie
Good one neotechian.
In my opinion, NeoMedia should simply be renamed CornellNeoYorkville.
All they seem to be is a vehicle for Yorkville to extract cash from the otcbb 'hopefuls du jour'.
jonesie
"as we shift the focus to our new business strategy of developing products and services to support the emerging barcode ecosystem that is being defined by bodies such as"
Wow, they've been shifting their focus to doing that ever since Iain came on board. (Since before he came on board?) I wonder how long he'll keep using that line. What is "new" about that business strategy? Isn't that the same business strategy that has had people buying this stock for years now?
I thought their strategy was licensing the IP. Or hoping a whale comes along who thinks they need to buy the IP for gazillions of dollars.
If revenues are dependant on a NeoMedia that has reduced their expenses tremendously by laying people off and cutting the pay of the remaining few, that has reduced R&D expenses, that has reduced sales expenses ... a NeoMedia that has never been able to execute on a revenue generating plan in this area ... just how are the remaining few going to develop anything and compete with anybody?
You go Iain.
jonesie
2Q10Q "we only have sufficient funds ...
... to sustain our current operations through approximately September 15, 2009."
"Subsequent Events
Secured Convertible Debenture - On July 15, 2009 and August 14, 2009, we entered into additional Secured Convertible Debentures with YA Global for principal amounts of $535,000 and $475,000, respectively. The debentures accrue interest at 14% per annum and are payable on the maturity date (July 29, 2010) in cash, or provided that certain equity conditions are satisfied, in shares of common stock. At any time from the closing date until the maturity date, YA Global has the right to convert the convertible debentures into our common stock at the then effective conversion price, which varies relative to the our trading stock price, at the lesser of, $0.02 per share, or 95% of the lowest weighted average price of the Company's common stock during the ten days preceding the conversion date, and adjusts to 50% of the lowest weighted average price of the Company's common stock during the ten days preceding the conversion date in the event of a default. The conversion is limited such that the holder cannot exceed 4.99% ownership, unless the holders waive their right to such limitation."
How do you recall a shareholder letter ...
... that has already been emailed to everybody?
LOL, just when you think you've seen it all.
jonesie
"What would you have done differently"
Simple, and I have stated it before. Go into hibernation until the market caught up with the IP, if the IP was worth anything to begin with.
No point spending/wasting the millions and millions of dollars they have wasted with nothing to show for it.
No point practically turning the company over to YAGI with financing they really didn't need for the very reasons you state.
I would not have yanked out millions of dollars personally while telling shareholders things were great like Chas did.
I would not have bought other companies with guaranteed share price instruments.
It had to be obvious to anyone in the know at the company that there was no clear revenue model at the time they were giving the company to YAGI in return for paychecks to the revolving door of employees who have generated virtually no revenues, for perquisites and world travel, and their personal bank accounts.
As has been pointed out in the past here, Neomedia had a SEDA on hand which could have been used for financings, but they elected to go another route and give the company to YAGI.
I would not have done that because I have ethics and morals.
I like my 'fruit of the poisonous tree' metaphor. It remains to be seen if any of the current apples in charge can land very far from that tree. Oops, mixed another one lol.
jonesie
"Arp, I believe you may have ...
... interpreted Claw's statement incorrectly. Perhaps this Long Way Around will aid all in better understanding what I believe he meant" -Be_Confident
Be_Confident , I hope everyone will check out this post of clawmann's to krays explaining this subject , in which clawmann reiterates exactly what he meant , which is exactly what he meant the first (second, third, fourth?) time , regarding the legality/illegality of YA converting below Par.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=40468544
Best,
jonesie
A little more history ...
... an interesting summation found elsewhere which might be of interest to newbies to NeoMedia. Sometimes a company's roots dictate whether or not it will ever bear fruit ... is the NEOM/YAGI hybrid a poisonous tree? (Have I mixed too many metaphors? lol)
Of course most or all of this has been posted here over the years , some of it by me. And there's lots lots more.
Around 1997 NeoMedia "made a profit as a reseller for other companies like IBM that know how to make something that people want to buy. Neomedia's management lost the reseller job when they forgot to pay IBM for their products they sold..what?
Neomedia made a deal with the Mexican gov for $350,000 and they had to give the money back.
Neomedia then made a deal with Digital Convergance, $100 million contract over the next 10 years. After 3 short months Neomedia lost $7 million and DC went bankrupt..
Neomedia with little money left then bought DayStar (A COMPANY OWNED BY C. FRITZ, NEOMEDIA'S CEO) FOR $3.5 million.
Then they bought QODE, not the software QODE, a little hand held recorder to record bar codes when you went shopping, you downloaded them to your PC and went to the websites using the barcodes in Neomedia's PaperClick software.
Neomedia has failed at everything because their management did not want to do anything but go to the post office waiting for a check from someone who wanted to license their IP."
Just for those interested in background.
jonesie
srowen, thanks for addressing my question.
Between this reply of yours and a previous one ...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=40425133
... it would appear the two examples given in response to my original question do not actually utilize claims in the 048 patent.
Can anyone give any other potential examples, from the hundreds of PRs about other companies put on this board, of campaigns/systems utilizing 048 claims and thus infringing on NEOM's IP?
jonesie
blue run ventures ...
... a venture capital arm of Nokia, had invested in one of the companies NEOM bought in the supercompany debacle. When NEOM had to give gazillions of shares to those companies because of the ill-fated Chas/JJ-approved floorless acquisition plan with the 30-something cent guaranteed share price, Blue Run ventures ended up owning some NEOM shares.
It's not like they bought the shares, or wanted the shares, or even that Nokia even knew blue run had the shares, they just got stuck with the shares, and unless they sold them quickly (which they didn't?) they took a beating on their investment.
JMO
jonesie
srowen: re: "I would actually be fascinated ...
... for someone to show me one example of it in use."
What think about these two examples I was provided earlier today? Are they valid examples of using the claims of the 048 patent to potentially make money?
"What about Shop Savvy? Doesn't that use indirect?"
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=40409911
"This company, Pop! Technology, should be licensing NeoMedia's IP. Comments?
I think it might be using an indirect method."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=40410728
jonesie
Here is a question drmyke ...
... based on your post.
You mention "the success of 2d barcodes in Japan".
Has much (or any) of that success involved indirect systems? Has much (or any) of that success put money in the pocket of any company holding patents on an indirect system? If NEOM's patents aren't operative in Japan, has anyone else in Japan patented an indirect system so as to make money from 'the best, or at least desirable, system for mobile marketing' as so many have said?
srowen says:
"Do I believe the claims of the 048 patent represent common practice in the world? no. In fact, I think if you thumb through all the press releases posted on this board, you will find none (at least, I do not remember seeing any) that use the method described in this patent. I would actually be fascinated for someone to show me one example of it in use."
Which of all the press releases having to do with other companies but posted on this board show the claims of the 048 patent in use?
Anyone know? Are there any meaningful examples of a successful (money making?) marketing program which truly infringes on the claims in the 048 patent?
jonesie
Hard to say NeilPeart ...
... so many of those are old, really old, so those Gavitec readers were already bought ... or rented, and revenues showed up in past Q's. Most everything on that page has to do with Gavitec readers, how much revenue from those have we seen in the past? Always seems to be small. I guess turnstile companies don't get too rich, even if they are digital turnstiles?
Some case studies are repeated twice on the page.
jonesie
'mouse that left the house'
Using a mobile cell phone as a mouse to 'click on' objects/2d codes and be taken to info/etc.
jonesie
p.s. Chuck Jensen's 'rising tide' might eventually lift a lot of boats; problem is the 5 billion pound weight which he insured NEOM became anchored to with his ill-advised supercompany debacle , the 'diluted' fuel Chas bought to run the NEOM boat , and all the leaks 'Leaky JJ' allowed as BOD member with overblown salaries/perqs/severance agreements.
Does NeoMedia have any kind of sales force?
Or is it just Iain, George, the CFO (gotta have a CFO to keep all the filings straight, if not actually count any money) and Christian? Is that marketing woman still on board? That great 'heavy-hitter' Technical Advisory committee still around? Haven't heard anything from them since the original PR announcing their arrivals.
Warning: TIV losing money fast
2Q10Q out
That's a lot of moolah to keep losing.
Curtailed this, curtailed that, monitoring this, evaluating that.
These guys ever going to produce any oil, enough to have a positive EPS?
Amazing the stock still hovers around a buck.
IMO
What comes after SURGE? Or was TORRENT the last big thing? CATAPULT?
jonesie
No problem, no problem at all.
Scanbuy is doing the heavy lifting for NeoMedia.
Great job Iain. How about some more strategic partnerships or maybe some LOI's. You haven't tried a MOU yet?
Was it NEOM itself or company apologists who said NEOM would be white-labeling its services? I remember hearing that white label phrase a LOT.
jonesie