NeoMedia Technologies, Inc (NEOM)

[brewskih]

Stop the bleed from this acquisition? If my memory is correct the paint business was profitable before the acquisition. Any bleeding is self imposed by NEOM management.

And what about that big sale to China, that was going to skyrocket this paint business. Or the 200 shops being built there or what ever it was, that was gonna be so huge for NEOM.

And what about those who stated that the hold up in payments was due to government regulations over there, and when I questioned that assumption was laughed at. I think I remarked that it dont take a year to get the government there to allow trade payments to foreign vendors. Well apparently NEOM believes thats the case as well now, since they have basically written off the debt.

But it just goes to show, that those who think they know all the details, and pump a stock on a message board, are usually the ones who are wrong in the end. That paint cash cow really turned out to be just that. A cow that eats a lot of cash.