NeoMedia Technologies, Inc (NEOM)

[hc550]

NEOMEDIA will not do a reverse split at this time in order to reign in the O/S count. This makes no sense at this juncture since there are plenty of shares for YA to convert and we are not trying to get relisted on a major exchange. A R/S does not make us more attractive in regard to a potential sale of the company. Contracts, licensing, revenue, and the value of the IP
are all that matter at this point. The goal of YA is to still sell this company and make as much profit as possible.

Shareholders like us are not important to YA, or Neo Management. I noted in the last CC that we are decreasing in numbers- from approximately 13,000 in April to around 10,000 now. This is a 24% decrease in shareholders and reflects the frustration many of us are having with the company.

I have held for six plus years now and never sold a share. I consider myself a small investor (700,000 shares) and have seen my investment go up and down to nothing. This money was written off years ago and I will hold on again. I believe that thru a sale I will make a modest profit, with the potential to make much more if we are succesfull.

There will be exit points for many of you in the future as I expect the price to go up the closer we come to the Scanbuy hearing in October.

I remain fairly optimistic for NEOM's future as we get closer to:

October Hearing with Scanbuy
Clearinghouse named
Licensing contracts awarded
Barcode adoption in NA

GLTA HC550