NeoMedia Technologies, Inc (NEOM)

[joedimaggio_6]

Yes, i'm still around. I'm taking a wait and see approach at the moment as I can't even begin to try and figure out what Neom is doing. Former management truly screwed the pooch with this stock and for the pps to recover in the short term, IMO, it's going to take a real hail-mary pass. The mistakes of the past year are utterly staggering, but i haven't entirely written off Neom yet. I had to lighten my position a bit, but still have 2 million shares waiting for some sort of light. I don't expect much for the next 6 to 8 months, tho, as the abysmal decisions of the past year will yield disastrous 10qs for most of this year, IMO. Revenues are going to be way down without the subs, costs way up as we try and pay off the subs, dilution ugly for the same reason, and so on. The Scanbuy win will come, IMO, but not for a year or more based on the way the legal system works. And qode will slowly get adapted in Europe and Asia, but revenue from that will be slow to come in. I believe this is a great long term hold but i have no expectations in the short term. Then again, when i bought neom in the first place at 7 cents i had no expectations in the short term. Then TS jumped in and pushed us all the way to .70. Then management went psycho and spent a hundred million dollars they didn't have on crappy companies they didn't need. The price went from .70 back to .12. Then TS dumped the company, and we tailspun to .046.

Let's do it all over again, eh? TS, where are you?


best
Joe