NeoMedia Technologies, Inc (NEOM)

[brewskih]

Being a private company makes it even harder to get funding. And funding wasnt the issue with NEOM not getting their product develope. Sure when you blow millions of dollars and theres no progress you have shareholders complaining, but that isnt an excuse why they didnt get the product developed.

If Scanbuy got it done on all platforms, then why wasnt NEOM able to accomplish this task? The pioneer with a 10 year head start.

Yeah I know, heard it here over and over, something like this takes time. OK I can accept that, and that being the case the CEO shouldnt of been on TV in 2003, and 2004 saying the product was ready. Shouldnt of been making statements that its code agbostic either. And that wasnt some interviewers statement where they misquoted someone, that was a NEOM note.

Bottom line is this software should of been ready when they announced the launch in 2004 and 2 years later its still not ready. Go figure.

And the beginning of this year NEOM had a 100 million SEDA that they blew, which was enough to get their product working, and hire a large sales staff to go looking for clients. Instead they went on a failed shopping spree using new funding that closed the chances to ever use that SEDA. So they had way more funding then Scanbuy over the past 3 years and didnt know what to do with it. Thats the problem.