NeoMedia Technologies, Inc (NEOM)

[Tonguehair]

It's all about market cap. And by that standard, neom is probably valued higher (on a foward-looking basis) than any time over the past year. The "market" doesn't pay as much attention to shares issued solely, but it figures that number plus the probable additional shares to be registered out of the authorized pool. Figure that the market was basing its overall valuation on some number between 500mil and 1bil shares (even though the average outstanding shares was only in the 400bil+ range).

Well, now the market figures there's going to be at least 1.3bil outstanding (I believe this is the number necessary to satisfy its current obligations to acquisitions and Cornell). The market cap at 1.3bil shares is $312mil (@ .24/sh). That's richer than previously.

But this also speaks to the fact that that might be too rich at this point in time, forcing the share price down further, to align itself with more recent valuations in the $200mil range (implies a share price of $0.15 with an expected $1.3bil shares outstanding).

But who really knows, right?