Jonesie, yes, the market cap is rising. BUT the company was stolen from shareholders and given to the owners of the four subs. Groups like Nokia Ventures that has been selling 5 million shares recently.
Stock was used as money to buy the four subs WITH NO MAXIMUM PLACED ON THE PRICE OF THE BUY-OUTS.
In my opinion a shareholders lawsuit should target the idiots that approved the deal and arranged the deal...people like C. Jensen and the BOD who were trusted to look after our interests.
Why the f*** did CJ get shares when he left the company?
What role did Rifkin play in the buyouts? Management can deal with the dilution by more 1 cent options.
Someone should be acting on behalf of the share holders that actually own this company.
Any law firms in the U.S. who will sue, on contingency, the BOD and management who were responsible for this fiasco?
These are questions to ask Mr. C. Fritz. Let the law firm go after their insurance and their assets and their shares and make them pay for their negligence and mismanagement.
All they had to do was set a ceiling on the price of the buy-outs in the currency that was being used: Neomedia Shares....or let the deals fall thru.
Instead we end up with a reverse takeover of Neomedia Technologies into the hands of Blue Run, Nokia Ventures, The Good Doc of Gavitec, and all the other players who wound up with hundreds of millions of shares and Cornell Capital that got more warrants, more preferreds, more common shares, more cash, and the patents.
The technology works great but the shareholders lost the ownership due to one stupid blunder of (mis)management. I'm not a lawyer.
Ask C. Fritz if there was any breach of fiduciary duty by the BOD. (and do they carry insurance...directors and liability insurance?)
Dr. Mike
