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Friday, September 18, 2009 2:25:55 PM
The assist down to the .002 level where 77 million shares were bought on Monday was courtesy of no funding announcement (9/15 is approx date when additional funding is required) and shareholders seeing the stock plunge panic selling. Since Monday the stock has closed up each day. It is not retail investors who have been doing the bulk of buying, they've been doing a lot of selling. There has been nothing to draw retail investors in, except perhaps seeing the pps not only holding up but increasing on very high volume, retail investors to a small degree are buying NEOM today.
WHOSE BEEN BUYING A FEW HUNDRED MILLION SHARES OF NEOM MONDAY - THURSDAY AND CONTINUING TODAY, MOST LIKELY MSFT, THOUGH IT COULD BE GOOGLE. Very cheap for Microsoft to take a 49% stake in NeoMedia and gain control of the Board and patent (shout out to ezp_888 who first posted the idea at Yahoo). MSFT lawyers just like Barkhume & Associates think the patent is iron-clad.
Expect an 8k filing soon and the Court hearing in NeoMedia v Scanbuy is early October, subject to the Court's schedule.
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