NeoMedia Technologies, Inc (NEOM)

[jonesieatl]

Tastes bad

http://delicious.com/sbepstein/2dbarcodes+neomedia

"The stock's in tatters, actually so much in tatters that has a 52 week high of $0.02 and is currently worth $0.002. The latest accounts show a net loss of $15,179,000 for the nine months to the end of September on revenues of $801,000 for the same period. And that's only good news because in the same period last year the company lost over $40m.

The previous CEO left earlier this year with a $187,000 pay off - half of which is still to be paid. You have a recent funding round of $2.1m to take you through to the new year, when the next tranche of funding is due. Finally, you have liabilities exceeding assets of $85,984,000."