SwingTrade Member Forum

[globewatcher]

Re NEOM: one big caveat to keep in mind is that, per a letter to shareholders included in the most recent 14-A filing (relevant part copied below) the company will ask to increase authorized shares from 200-million to one-BILLION at the shareholder meeting on September 24th. Big dilution. Most people apparently either don't know about that, or just aren't worried about it. And, maybe they shouldn't be -- but folks here should at least be aware...

BTW, glad to find you here after RB's crash...
============================
August 26, 2003



NEOMEDIA TECHNOLOGIES, INC.
2201 Second Street, Suite 402
Fort Myers, Florida 33901

NOTICE OF ANNUAL MEETING OF STOCKHOLDERS TO
BE HELD ON SEPTEMBER 24, 2003
--------------------------------------------------

NOTICE IS HEREBY GIVEN that an Annual Meeting of Stockholders (the "Annual
Meeting") of NeoMedia Technologies, Inc. will be held at the office of NeoMedia,
2201 Second Street, Suite 402, Fort Myers, Florida 33901, on September 24, 2003,
beginning at 10:00 a.m., Eastern Daylight Savings Time, for the following
purposes:

1. To elect five directors to hold office until the next annual meeting of
stockholders and the due election and qualification of their successors
(Item No. 1 on proxy card);

2. To approve an amendment to NeoMedia's Certificate of Incorporation to
increase the number of shares of authorized common stock, par value
$0.01, from 200,000,000 to 1,000,000,000 shares (Item No. 2 on proxy
card);

3. To approve the 2003 Stock Option Plan (Item No. 3 on proxy card); and

4. To consider such other business as may properly come before the meeting
or any postponements or adjournments thereof.

The Board of Directors has fixed the close of business on August 6,
2003, as the record date for determining the shareholders entitled to notice of
and to vote at the Annual Meeting or at any adjournment thereof. A complete list
of the shareholders entitled to vote at the Annual Meeting will be open for
examination by any shareholder during ordinary business hours for a period of
ten days prior to the Annual Meeting at the office of NeoMedia, 2201 Second
Street, Suite 402, Fort Myers, Florida 33901.

YOUR BOARD OF DIRECTORS RECOMMENDS THAT YOU VOTE "FOR" THE PROPOSALS.