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Thursday, May 03, 2007 10:08:42 PM
My effort here is not to prove "them" wrong - no, it is an endeavor to outline exactly why "they" have been wrong from the beginning, are wrong now and will continue to be wrong in the future should shareholders continue to accept the abuse.
Neomedia is a virtually bankrupt company that had pledged everything it has to a notorious vulture capital firm for piece-meal cash that is barely enough to keep the lights on for the remainder of the year. What more needs to be proven "wrong"? Sure, we can deal in fiction and hypotheticals and pretend in the future everything will work out but that certainly isn't a successful approach toward investing, is it?
You are interested in NEOM's future because of your investment in the company, right kokonutguy? You are a shareholder of NEOM? You did buy your shares on the open market like every other retail shareholder, right? That Cornell money isn't indirectly trickling into your bank account is it? It better not be.
If you are truly a retail shareholder, it is certainly odd that you do not find the systematic erosion of the value of your position alarming in the least bit. Instead you've adopted a position whereby you are an apologist and pollyanna for all things NEOM. It's always sunshine and rainbows in NEOM-land, eh? Pay no attention to those abysmal financial filings behind the curtain - they're "old news", it's "boilerplate language", "management says" things have changed. Hmmm...
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