NeoMedia Technologies, Inc (NEOM)

[Poptech]

Howard: If the money was turned down, then it was the poorest of management decisions. With all the NeoMdedia assets assigned to YA, there are no other financing options available. In addition, they had no identifiable sources of near-term revenue. There was no doubt they would need to return to the YA coffers.

The only way a YA re-up was not going to be necessary was through an M&A which clearly did not materialize in time.

If Iain turned down a long-term investment, he sucked the bottom right of the share price. $500,000 increments will never bring back retail investors.