NeoMedia Technologies, Inc (NEOM)

[jonesieatl]

Depends on who's looking I suppose

Like I said , the 'gain' is only because of some valuations of derivative instruments.

(Gain) loss from change in fair value of derivative financial instruments

1Q08: (5,392,000) in that category

1Q07: 3,508,000 in that category

I haven't looked yet to see exactly how they calculated that , but that 5.3Mil bucks offset , 'on paper' , the actual losses for the quarter , arriving at that 'gain' shown in Yahoo finance.

The 'gain' didn't put any money in NEOM's coffers , didn't take any less out of NEOM's coffers , and at the end of the quarter NEOM had less cash on hand than when they began the quarter.

They are still losing money on operations , although I think they reduced the monthly burn rate. Of course now , we're paying 2 CEO salaries.

JMO and I don't view it as a positive or a negative in the situation NEOM currently finds itself .... it just is

Later

jonesie