NeoMedia Technologies, Inc (NEOM)

[10thMountain]

Sure, they have their game plan in place, but imo, they've realized that they can't afford it. Maybe they were just a little over zealous with that recent shopping spree. Don't ya thinK? After all, Jim Cramer always says to be leary of companies that go crazy aquiring too many companies at once. He says it's a sign of poor management, and it almost ALWAYS adversely affects the share price. Hmmmm. Imagine that!

This is a damned if you do, damned if you don't situation, imo. If you vote 'yes', you're saying "sure, go ahead and authorize all those shares, and potentially dilute the share price even more than you already have." And, if you vote 'no', you could be putting the company into default.

A very sad situation here. Not at all what I axpected, and I'm ashamed that I recommended this stock to so many people. Hopefully I will be proven wrong, but I'm not so sure I will be.