NeoMedia Technologies, Inc (NEOM)

[jonesieatl]

Regarding Iain's pay package ....

.... someone just reminded me of the magnitude of Iain's pay package.

Base salary + incentive pay + bonus for meeting objectives = 240,000 pounds sterling or , as of today , $469,344 USD. That's the number if a pound sterling is the same as a British pound (GBP) anyway.

Wow , is that even higher than Chip's?

Anybody see a NEOM exec not get the incentive pay lately?

Anybody ever see a NEOM exec not meet objectives lately? Even though we have no clue what the objectives were and they certainly were not aligned with retail shareholders' objectives?

$469,000 bucks a year plus some cash for health insurance plus expenses plus a potential $1,000,000 to $5,000,000 sales commission.

As we noticed , "the sale of the components of the Company’s business (in one transaction or a series of related transactions) of more than $45,000,000 shall be deemed to constitute a sale of substantially all of the assets of the Company."

Isn't that what has been pointed out as the approximate amount which our 'good friend' YAGI has 'invested' in NEOM to date?

I've never seen verbiage like all of that 'sales' stuff in an employment contract before. Sale of the company seems to be the objective. $45Mil is the magic number. YAGI could get all of that.

Chip himself made an unsolicited comment to me , paraphrased herewith .... 'if a company is deemed to be insolvent it is the prime fiduciary duty of the CEO to take steps to protect the interests of the secured debtholders , steps including 'chapter it'.

Or it could be that NEOM be 'taken private' somewhere after a sale meeting the parameters of that mess of SEC filing verbiage , and we'd get that day's share price + nada or whatever they wanted to offer us.

To me , the only 'wild cards' in that big ol' equation are ...

1) If a sale is the sole objective , why couldn't Chip have accomplished that? Why change CEO's to do that? Would Chip have refused to do that? I wouldn't think so , but .....

and

2) The patent ruling. Regardless of whether the patents could actually give us ownership of some bridge or not , a win in that arena might generate some buying excitement. Last we heard , a USPTO status meeting was pushed out to sometime in July. Is Neomedia talking to those guys on a regular basis as part of the process? Are they allowed to? Could Neomedia have gotten a sense of the direction things are taking? If so , does the changing of CEO's prior to that meeting and putting all the sales verbiage in Iain's employment contract provide us with any inkling of what Neomedia might have been told , or might be expecting to be told?

So many questions ... so little worth to our shares lol.

JMO

jonesie