NeoMedia Technologies, Inc (NEOM)

[ASTOCKCOLLAPSE N0W]

Your math is fine...

but, personally, my rule of thumb regarding triple bottoms (or tops for that matter) is there is no such thing as a triple bottom.

There are inverted head and shoulder bottoms, but they are better defined as a bottom bookended by higher lows.

Head and Shoulder (inverted).

 
 \                    / 
  \    /\      /\    / 
   \  /  \    /  \  / 
    \/    \  /    \/ 
           \/ 
 

Triple Bottom:

 
  
 \                      
  \    /\    /\      
   \  /  \  /  \   
    \/    \/    \                 
 

This is no more than my personal observation. Obviously, triple bottoms do occasionally occur but, in my experience, triple bottoms -- and this is important -- more often than not precede breakouts to new lows.

With that said, I expect NEOM to continue to trade around 0.04 and 0.05 until more money is needed. Assuming Cornell is willing to step up to the plate again and agree to another round of financing, then the stock should break to new lows - and all outstanding warrants and convertible securities will be repriced at the issuance price of the securities issued as consideration for capital.

At least that has been the trend.