NeoMedia Technologies, Inc (NEOM)

[keepitrealplease]

lesnshawn: NM, LLC ("NM") is clearly not a public company. It is a private LLC.

NM, LLC ("NM") does not "tout" this. It a appears on a few pages of a website they took over and edited. YA clearly foreclosed on the assets of NEOM as income from NEOM decreased (and the core patents expired.)

The public entity structure no longer made financial sense. The restructuring e.g. foreclosure got rid of offices, a 500K a year CEO, staff, pubic company legal and accounting expense, etc) allowing NM, LLC to collect on the declining revenue flow in a cost effective manner.

While NEOM once showed promise they blew it. Was it greed, being too early to market, not being good or smart enough - who knows - who cares - we all have our opinions.

NEOM blew through 10s of millions of funding, sold and then reverse split billions of shares of stock, company executives and YA made millions, sure traders made some money trading the day but the vast majority of shareholders that "believed" lost their shirts.

It's as simple as that.