NeoMedia Technologies, Inc (NEOM)

[edster1]

Beam11: First of all thanks for your interpretation of all the techinical accounting type issues. I do have one question regarding one of your posts earlier.

You stated:
It appears to me that the $10, Mil Promissory note, was probably for operating funds to carry NEOM forward, until all of the arrangements on the 100 Mil SEDA could be concluded, as the $10, Mil promissory note balance and interest, $3209., was retired with funds from the 100, Mil SEDA on 2/17/06.

The last part where you say funds from the 100 million seda were used to retire some other note. Have the 100 million seda shares been registered yet? If not, how can they be used to retire other debt?

Just a little confused. Thanks for your help.
Edster