NeoMedia Technologies, Inc (NEOM)

[bleedingedge]

Not to sound negative, but … Connecting the dots from the two most recent filings could point to some Machiavellian activities.
1. YA is released from all liabilities; past, present, future.
2. YA reduces their commitment to fund NEOM.
3. NEOM has enough cash for April and possibly May without any other indication of operational capital sources. There is no way to ramp revenues fast enough to exceed $500k/month cash in the door by June 1st (appears to be the monthly burn rate).
4. NEOM cuts staff, reduces positions to PT/contractors, and makes other cost adjustments (when the company should be investing in capturing the market).
5. “All of our assets are pledged to secure certain debt obligations, which if we fail to repay, could result in the foreclosure upon our assets.” (as stated in the Risk Factors section).

Maybe the CC will have some very exciting, positive news; I hope so!