Thanks for the kind words all
One of the things I believe you are correct about is your analogy of "in any nascent industry, the fields are strewn with lots of dead pioneers". However, this maybe more applicable to a one-trick pony than those who have become finacially diversified.
NeoMedia recognized early that it needed to bring on-board additional revenue streams via diverification if it was ever going to launch Qode. Hence they sought out Loch Energy in FY02. When this acquisition was cancelled in FY03, CSI was next in line. If I am not mistaken, I believe CSI (now NMPR - soon to be renamed) was a Cornell backed company, as was Triton and is PUPS. Mind you, I am not high on Cornell, but they have opened doors for NMPR, especially in China with the AutoMart connection and now the Beijing Sino-U.S. Jinche Yingyang Auto Technological Services Ltd. agreement. Subsequently, NeoMedia now publicises itself as a globally diversified company which offers mobile marketing, telecom services and auto repair/rejuvenation services.
Add to this the expansion of NeoMedia's mobile marketing reach with the recent 4 out of 5 acquisitions, and you know have international reach to all major BP's, on an unprecedented scale. The recent mobile marketing acquisitions also bring some of the 'best and brightest' minds in the industry who took mostky stock in consideration of cash; which leads me to the next point.
In my opinion, Qode and the telecom services is the real meat of NeoMedia, and this is why I believe they will eventually spin off NMPR and reinvest the proceeds; quite possibly with a major share buy-back initiative. This is just my own manhole opinion though.
I also believe that the next 10-Q filing due out between 8/9 - 8/15 will have some positive indicators, which will all point to profitability in the not to distant future. Couple this with launch of MoBot's Elle Magazine mobile marketing campaign this month and launch of Qode this fall, and we should easily regain some of the share price we've lost as a result of Cornells selling of 40Mil. share warrants, all tied to the $100Mil. SEDA registration. Whether they will actually need the $100Mil. SEDA or not has yet to be determined. It could be a good legal tool for any 'major' who crosses our Bridge without paying the toll. At the very least, the new A/S count may diminish the SEDA's need for future acquisition purposes.
In essence, until Qode is fully accepted by the mass markets, NeoMedia just maybe buying its way to profitability.
All the Best, JP
