NeoMedia Technologies, Inc (NEOM)

[shafinn11]

Dr. Mike,

That does sound like the directors may not be acting in the best interest of the shareholders, which is their primary duty.

They get to decide how many seats are on the board annually, but they shouldnt get the right to appoint directors without a shareholder vote/meeting. They do get to appoint officers. Does anyone have access to the ByLaws and what they state? They may only have to "periodically" hold a shareholder election vote, if that is what it says. Most bylaws state a specific date annually in which shareholders elect directors, but not all bylaws are set up that way. Someone would have to look at them to actually know. A very good corporate attorney owns stock in this company and would like to look at the bylaws if this is the case.