NeoMedia Technologies, Inc (NEOM)

[jonesieatl]

bleedingedge , your comment about the core patents ....

.... being purchased/acquired by NEOM jogged my memory a bit , for an obvious reason you will see in the below.

According to a source who has tracked the Neomedia saga closely:

"IMO, it's a 'patent scam'. This 'model' is prevalent in P&D's. Develop or procure some overly-broad patents and wrap them in a publicly traded company; use the patents to underpin the real model -- the sale of common stock. That's what EDIG did.

Another favored model includes mining / drilling rights on barren land - a model NEOM took a stab at with their failed acquisition of Loch Energy.

http://www.google.com/search?q=Loch+Energy"

So B.E. , we certainly saw what might be categorized as the 'P' in 'P&D' on the front end of the current situation , with Tobin/NEOM execs/et al all touting imminent greatness.

We see a patents component , based on patents which are currently being challenged .... successfully so far , as they are at least temporarily 'rejected' , 'set aside' or otherwise in question.

And we saw what could be categorized as the 'D' in 'P&D' , including the stock sales of Chas , Hayes , JJ , Chuck(?) , whatever 'dumping' Yorkville/Cornell has done along the way , and whatever stock has been sold to finance the salaries/bonuses/exit-packages of those in charge.

In fact , as drmyke and others have speculated a few times , the only 'profitable' part of Neomedia's business model to-date seems to have consisted primarily of "the sale of common stock".

So ... it all kindasorta fits my source's scenario as quoted above.

Could you perhaps elaborate on what reasons you might have to believe that the current situation was in fact not originally conceived as just such a scenario?

TIA

jonesie