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Re: streetstylz post# 134905

Thursday, 11/22/2007 12:36:50 AM

Thursday, November 22, 2007 12:36:50 AM

Post# of 326355
Re: Derivative Suit

It might be in Neomedia's best interest to initiate a derivative suit on behalf of the corporation against former officers who were grossly negligent in their performance and breach of fiduciary duties. I believe a favorable outcome in such a suit would put money back in NEOM's coffers - given our cash situation, this would certainly help the company stay afloat for a while longer.

Going after directors who are no longer with the company should not affect the current business plan or operations.

Do not confuse this derivative suit with a class action to recover damages to shareholders.