NeoMedia Technologies, Inc (NEOM)

[ASTOCKCOLLAPSE N0W]

NEOM's greatest shortcoming is the manner in which the company has been handled from a financial standpoint.

This mismanagement was further aggravated with the issuance of the Series C; the funds of which were used to acquire a handful of companies in a haphazard, shotgun approach.

From the inception of the company, the officers and directors have never demonstrated an ability to handle the financial aspects of operating the company. Actually, let me rephrase that - from the inception of the company, the officers and directors seemingly always managed the finances of NEOM in a manner that would financially benefit themselves the greatest while retarding the aggregate potential of NEOM, the corporation.

Until proven otherwise, NEOM has been little more than a piggybank for insiders and their friends and colleagues.

The fact that a certain CFO is still retained by NEOM speaks volumes. Then again, given the current state of the company's finances, I can't image anyone in their right mind would volunteer to replace him.