NeoMedia Technologies, Inc (NEOM)

[ss9173]

Be Confident, I appreciate the dialogue and your point of view. I fully understand the rationale behind your #1 and #2, and would even like to believe those assumptions are correct. But I can also come up with alternative rationale for the month-to-month funding arrangement. Perhaps it is as simple as YA giving NEOM a firm message that they better start being good stewards of the cash being provided in this tight economy - no more wasteful spending as prior leadership did in the past...and start showing some tangible financial results and we will continue to fund you. I don't think YA is in as good a position to throw money around like they could when the economy was better (just a hunch).

Only time will tell how this plays out.

All that aside, I would like for you to expand on your last sentence: Yes, my sentiment has changed and I am not pleased at all with what we learned on that call, however, I remain quite confident in Neom going forward." Can you help us all understand why investors should remain confident in Neom going forward? And what is your expected time frame for "significant events"? Are they (the timing of these events) pushed to the right or do you still think we are looking at Q4? Are you willing to give a listing of probable significant events in order of sequence that leads you to remain confident?

I look forward to your response.

Thanks,
ss9173