NeoMedia Technologies, Inc (NEOM)

[ss9173]

Pre-SHM I-hub Member News...met up with Success622, Hangdog, Madcat, Gleanings, Crusher, James, and several other lurkers last evening at Shoeless Joes Restaurant / Lounge at the Holiday Inn in Fort Myers. JP stayed at Marco Island, and was unable to attend, but will be with us bright and early this morning. Dr. Mike had plane problems and hopefully made it in after midnight last night. Overall, the sentiment by the group was "positive", but the one dominant concern was that we still do not believe we have been given a good reason for the increase in A/S, and most believe an increase in A/S to 5 billion is out of line for the size of Neom's business.

There are several reasons we believe for the increase in A/S:
1) More acquisitions including Enpocket
2) Ensure Management maintains control
3) Prevent hostile takeovers
4) Management doesn't want to have to ask for an additional increase in A/S in the future.

Looking forward to meeting Management and hearing what they have to say today...Stay tuned. One or more of us will be reporting back to the board this afternoon and evening.

Best regards to all,
SS9173