NeoMedia Technologies, Inc (NEOM)

[cpeck]

A worst case scenario question:
I'm not an expert at reading financial statements, although even I can see it looks bad. What I found striking was the long lists of accounting and technology contol issues which management "was not in contol of."
So, (in a worst case scenario,) does NEOM go bankrupt,THEN somone takes over the tech patents, stiffing the shareholders, or (better case)is it still possible that a larger company with actual mangaement skills will find NEOM worth buying with all the Cornell,etc,debt hanging over it? Odds on which is more likely?
Or, of course, that NEOM can pull a save out of its "hat"?