NeoMedia Technologies, Inc (NEOM)

[ss9173]

Cabernet, Excellent and well thought out post. There is no doubt in my mind that Chas, Chuck and the rest of the leadership team are working very hard (and long hours) to make the vision you painted become a reality. Those are all the positives to remain invested in Neom.

But, there are concerns:

* Principally, the delay in major launch of Paperclick and Word Registry is disturbing as we have not been given good reasons, whether they be technical, commercial or both, for the delay to market.

* Neomedia is presently a $24M business with a 50% net loss and 180 employees. The only way to fund this is through a lot more share dilution. We are now being asked to authorize another 4 billion shares and that is worrisome to some of us. IMO, Neomedia needs to provide us with additional information - preferably financial guidance or a presentation of their business plan - to better understand and assess the risks and rewards of having potentially 5 billion shares outstanding should there become a need to utilize them once they are authorized.

Per an email I received from Chuck Jensen yesterday, Neom has setup the shareholder meeting in a small theatre with a banquet room across the hall. Each of Neom's subsidiaries will have a display in the banquet room manned by the Executives of that business. He indicated that time will be allotted at the meeting for discussions and questions. I look forward to meeting Management and fellow shareholders, learning more about Neom's business and their future plans, and will push hard for good answers to the above concerns.

SS9173