Scanbuy and Dupont: First off, this seems a perfect illustration of how terrible Neomedia has managed itself over the past two years, and how well Scanbuy has pushed forward in the same timespan. Two years ago, it seemed likely that neomedia would eventually partner with Dupont on this exact same technology and use; now it's scanbuy signing the deal and neomedia is floundering, to say the least.
No doubt, Dupont would not have done this deal without having some level of confidence that either the lawsuit with neom is going to be settled amicably for scanbuy (either with scanbuy licensing the tech/patent use from neom, or with scanbuy winning outright, which seems unlikely in the near future), but the volume and share price of neom does not seem to indicate that any such settlement is near.
I really believe management needs to put out another letter and explain their progress re the last letter; where do we stand with our sales of autopaint, triton, 12snap? Where do we stand with our London "launch" through Newscorp and One Water?
I'm a depressed long with plenty of shares, but I will say this; if i had the choice right now to invest in Neom or Scanbuy, I'd be nuts to chose Neom. Scanbuy is doing exactly what we (the longs) believed Neom was doing two years ago. Instead, Neom was committing an ugly, expensive brand of suicide.
Come on, management, throw us a bone. All of your problems will be solved if you get the pps back above .30 cents. Hell, one good pr campaign involving the words "microsoft" and "neomedia" would do the job- although at this point, that's about the only thing that will save us.
Best
Joe
