NeoMedia Technologies, Inc (NEOM)

[brewskih]

I see Personalizit.....and I was ridiculed for calling some of these acquisitions MOM and POP operations on the verge of bankruptcy. This certainly was one, with 1800 shares outstanding, total revenue for 2005 of 300,000.00, annual loss of 1.5 million, and if not for the loans by NEOM of 1.5 million had zero cash. Even 600,000.00 of the loans was spent to keep things going.

Whats also interesting with this deal is there are some debentures still outstanding that were convertible into 333 shares of MOBOT stock either on sale of the company, or IPO or if the company didnt get a loan of 3 million or more since mid 2004.

And we paid 10 million for this company. I also see that their trade name is given a value of 5,000.00 and their patents worth 9,000.00. Woohoo.

This is one losing proposition thats gonna show up negative on NEOMs first quarter results I am certain. They didnt turn things around since Dec 31st 2005 and go to earning profits.