NeoMedia Technologies, Inc (NEOM)

[brewskih]

Willbill, thanks for that input but I have to disagree with something your friend of a friend stated. Cornell does not have any control over management, they merely hold the assets of NEOM as collateral. Only the BOARD OF DIRECTORS can force the CEO out by forcing him to resign or get fired, and last I checked Cornell does not control the board. I think, but may be wrong, they dont even have a seat on the board as some large investors require before they invest. I dont recall seeing any filing indicating Cornell was given a board seat.

I dont think they made a 30 million loan either. They bought preferred stock for most of that, and the loan was only 5 million I believe. At least thats the amount on the promissory note. So owning stock whether its preferred or common does not give them the ability to controlmanagement, just as we shareholders have no control over management, other then to vote on the issues presented at the annual meeting.

Cornell has been making millions off this company for years now, so their risk is no where near 30 million, just last year they made a few million in options they exercised and dumped on the market in late 2005 and early 2006. And it wont be up to Cornell whether this company succeeds or doesnt. According to the company they are already cut off from the Cornell financing deal that we paid over a million dollars for in early 2006. So technically Cornell could step up and offer 20 million to settle with the subs, but I doubt that will happen. NEOM is going to have to find a new source of investment capital in my opinion, in the next 2 months the latest. I surely dont see the pps raising to the level it needs to to eliminate the 20 million owed the subs, so something has to occur, and Cornell probably wont be a part of whatever that something happens to turn out to be.