NeoMedia Technologies, Inc (NEOM)

[edster1]

Clawman and others more knowledgeable than me: I have a question about the following scenario.

Let’s say I am sitting around with 11 of my buddies and we all have like minded investment goals and ideas. We have been researching NEOM for some time and have decided that it is a goldmine waiting to be discovered. With the current number of shares, approx. 600 million, (I understand this could go up soon, but stay with me), we would only need around 300 million shares to have a controlling interest. Well, we don’t want anyone to know what we are doing, so each of us by an equal portion of the 300 million, which is 25 million shares since there are 12 of us. This keeps us under the 5% mark. For sake of argument assume that is enough to have greater than 50%. Now, let’s assume that we have managed to do this around an average price 0.235, so it cost us roughly $70 million dollars or $5.8 million to have a controlling interest in a potential mobile marketing super company. You can do the math and change the number of people etc., but this is a viable scenario.

My question is this, is this legal? If so, a group of people could take over NEOM without anyone knowing until it is too late. Also, we as a group of I-hub members may be approaching a very nice voting block if we could coordinate our voting as a group. Have our own meeting to discuss how we are going to vote. Heck, if we get enough votes, we could put a member on the board.

I am willing to vote my shares with a group if legal and we could coordinate this effore.

Any takers?