NeoMedia Technologies, Inc (NEOM)

[bigs]

Beam - What I was saying is VC calculate their NAV every year based on what they project the value of the firms they hold to be. Prior to the NEOM buyout they probably valued 12snap at 44million because that is the amount of money that had been pumped into the company. When NEOM media bought 12snap for 22 million it said the market values 12snap at 22 million. So they would have to adjust the NAV of their portfolio down to the price they were paid for 12 snap. Thus a 50% loss on their investment.

I believe it was a good deal for NEOM. I suspect 12snap is worth more than they paid for it. I was just clarifying the question someone asked of an article that said it was a dissapointing sale for the European VC's and it would be dissapointing because they took a loss on the sale.

-Bigs