NeoMedia Technologies, Inc (NEOM)

[bigs]

Ok I think for the first time in his posting history brewskih actually cleared things up for me as a serious long.

That's absolutely true that the asset is only put up as collateral to ensure that the 5 million is paid. It basically puts debt holders before shareholders as was earlier posted. So if NEOM defaults Cornell could liquidate their assets including IP if they couldn't come up with the money, but its not like a roullette table where if you lose you lose everything used to secure it. It just means there is something tangible backing up the 5 million. Ok no big deal. I think just a couple of our patents could easily raise 5 million. Scanbuy anyone? Ok its not game over. Heck our loyalty point patents could probably get the 5 mil and we don't even really need those for several more years, and they're only a defensive patent. Ok I finally don't feel like management screwed up. Although I still don't think too highly of Mr. Dodge.

-Bigs