NeoMedia Technologies, Inc (NEOM)

[joedimaggio_6]

IMO, things are definitely looking up for neom; the news today seems all good, despite the knee-jerk negative posts on the board this morning. Neom got a desperately needed infusion of cash, and also indicated the means with which they will, indeed, eventually get rid of Cornell (IMO, buying back those shares are indeed their goal). They needed money fast, and with the debt they already owed cornell, there was really only one place they could go. They seem to be continuing on the restructuring path at full speed; once they've sealed up gavitech, got a new CEO in place, and turned cash-flow positive (which, IMO, seems very possible now that they've gotten rid of the unprofitable subs and are making headway with qode in China and the UK), we should see a nice rise in pps. I'd like them to move more quickly re the CEO and the sale of the paint company, etc, but it's really only a few days after New Years, so i'm willing to cut 'em some slack.

The bottom line, IMO, is as long as they've got enough cash to survive the short term, the long term here has such high potential, it's definitely a good buy.


best,
Joe