NeoMedia Technologies, Inc (NEOM)

[edster1]

How I voted and the current reality:

NEOM doesn't have substancial revenues yet. Companies that do reverse splits before they have substancial revenue are generally doing it out of some desperation.

NEOM needs funding, they can't get funding any other way but Yorkville. Yorkville can't fund us with the stock price hovering below a penny. Therefore, neom has no choice but to do the reverse split and increase outstanding share count to continue to get their money. This is the reality of were we are now.

However, the company is well positioned to take advantage of the current market trend and acceptance of this technology and may eventually profit significantly. However, that doesn't change our current reality and our need for cash.

With all that being said, I do not support the current initiatives of the board regarding this funding process with YA and just voted 'against' all the proposals.

I hope we see substancial revenues very soon.