NeoMedia Technologies, Inc (NEOM)

[clawmann]

Thanks SS9173 for that comprehensive summary of the goings-on yesterday.

I'm glad to see that 28% of the votes were not cast in favor of the increase. That sends a very important mesage about dilution concerns.

I'm also glad that CF canceled further sales under his 10b5-1 plan after realizing that news of those sales was generating significant discontent among a number of shareholders.

Not to throw cold water on the era of good feelings that I was pretty certain would prevail after the meeting, but I think remaining hard-headed about certain important issues is necessary to ensure that those issues will be addressed sooner rather than later. In particular, as you noted, executive comp (esp. the issuance of stock options) is still an issue.

And I found the answer about moving to the NASDAQ or AMEX a bit evasive. They will seek a move "as soon as they qualify for it" is far less specific than what I had hoped for. I would like to know what non-PPS related steps NEOM is planning to take to prepare for such a move. Here I am specifically referring to the corporate governance reforms/requirements that also must be met before NEOM can make such a move.

See:

http://www.amex.com/atamex/news/CorpGovCertificationForm.pdf
http://www.envoynews.com/piperrudnick/index000051010.cfm

I must assume from the way management phrased its response to this issue that we will only take steps to meet these corp gov requirements after the PPS is above the minimum threshold for listing, and not before.