In conjunction with Bank's post (thanks for listing them for me Banks), I want to caution those headed into a funk again. There are, again, many who are caught up in the gloom and doom of NeoMedia. I would be surprised if we heard any new news before the end of the year. It is just a natural thing that everyone in industry simply cruises into the year end. Not much happens at this time of year. But things are probably better than many are alluding to.
The current poor showing of the share price is not a result of the execution of the company. Ian and gang are getting some things done. The company is making progress.The share price is a result of the ill fated decision made under the Chas and Jensen watch. With the notable NeoMedia success items that Banks listed, without Yorkville dilution, we would be good for probably about a dime per share. We are where we are because of past management incompetency.
As I posted before, it is all about the money now. The only way that we can realize a capital gain on our investment is with money. Ian has it right. The only thing to do at this point is to grow the company. It will take cash flow to remedy the dilution and financing stranglehold from Yorkville. Or it will take a large investment in the company that will give lots of cash to work with. No amount of news will change where we are. Other than news of an investor buying into NeoMedia, we can forget expecting and waiting for anything until April's 2009 year end reporting. Even then, it probably won't do much for us until the company actually has the money to do something about the finances.
With the wins that Ian has under his belt, it seems pretty clear to me that cash should be in the pipe line. Sure, there needs to be lots more, but I think that we will have a good 2010. All of the news from other companies rolling out new programs isn't a indicator that Ian is doing nothing and everyone else is kicking butt. All this stuff has been being developed and running parallel with NeoMedia's rollout and efforts. The other guys didn't just drop this stuff out of the sky. They have been working hard also.
I think we need to be patient. The money is the ticket, and we won't see any sign of it until 2010 reporting. If things don't look good after a few quarters worth of reports then we have a problem.
All the best.
SS
AI
