Saturday, February 07, 2004 10:44:43 AM
By: fastcash101
07 Feb 2004, 09:04 AM EST
Msg. 43650 of 43651
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there is no big profit as a reseller.
Neomedia needs to put some numbers on
the books and being a reseller will do
just that. If I remember right the old
Neomedia of 97-99 was doing about $4M-$6M
per Q as a reseller. The profit may have
been $400,000. That helps to pay the bills
and is a plus for investors. Neomedia needs
good credit for that business. They used
GE for cash needs and have been paying off
their old bills with GE.
Neomedia is eating some humble pie right
now. Paperclick has done nothing for them in
the past and may not do well in the future.
So they are not going to put any money in
paperclick right now. They will concentrate
on what will work to put them back in business.
The patents: The last thing Neomedia wants to
do is have another day in court. Neomedia will
take anything IMO just to end the infringement
suits with a win. If this goes to court Neomedia
will have a hard time defending the one key
patent by Robert Durst IMO. Something is better
than nothing.
The price per share: This is where longs and I
disagree. Neomedia has to start bringing in cash
to offset the huge dilution that will take place
over the next 2 years. They will have a hard time
keeping the pps over .10 IMO. Reverse split will
be done over the next 2 years, for now you are
safe. 235M + 308M + 150M + 30M + 40M shares we
know of and other small share deals in the works.
Keep looking at the market cap and right now IMO
its too high.
Fritz and Chuck don't need to work up the pps, they
need to work on earnings. Fluff PRs do nothing to
keep the pps up. You have taken a good company down
to nothing, get to work. lets not charge the company
$30,000 for your booth used at trade shows or sell a family
business to Neomedia for $3,000,000 . Lets see
what you do this time.
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