NeoMedia Technologies, Inc (NEOM)

[brewskih]

It was stated that an S-3 would be filed when a definitive agreement was signed, and that was supposed to happen no later the 27 October 2006. And its required that an S-3 be filed if I am not mistaken. You cant file the S-3 notifying the shareholders the day of the closing, the agreement has to be solidified well ahead of that date, so the closing preparations can take place in the following month. Same as selling a home, you dont sign the contract the day before you close, you usually sign the contract a month or more in advance of the closing, to give all parties time to line up all thier necessary obligations.

So the question is why isnt the contract signed yet? And more importantly I doubt if there is no definitive agreement yet, that you will see a closing scheduled the end of this month. Banks and Attorneys dont work that quick generally.