NeoMedia Technologies, Inc (NEOM)

[Poptech]

Absolutely. The cashflow could someday justify a lot more. Q1 licensing revenue was $10,000.

It is very difficult sit across the room and explain to an acquirer they will be wildly more successful at licensing a patent than the seller.

I just believe NEOM needs to ramp licensing revenue before anyone sees the portfolio as a revenue engine. Someone can still pay $500 million for NEOM, it just won't because of the value of the IP portfolio. If you want to research how this works, check out the acquisition and write-down history of Zebra Technologies.

Facebook is worth 3B because of the number of users. However, the valuation is dropping fast as they are still trying to define a revenue model.