NeoMedia Technologies, Inc (NEOM)

[streetstylz]

Apparently not bright enough


"Like so many Investors Yorkville had to face the challenges of the last years' financial melt-down, but they have weathered that storm and continued to support NeoMedia," McCready said. "If you look at any of our filings for the last few years you will see exactly the same language, including the going concern statements."

*cough* BULLSH*T

McCready added that although the company lost $67.4 million in 2009, and $8.0 million in 2008, "the vast majority of the losses are non-cash charges resulting from ultra-complex and volatile derivative accounting issues".

Ultra-complex & volatile, WTF did he just say?!?

The SEC filing made on 26 March 2010 said that the company had an accumulated deficit of $277.0 million and a working capital deficit of $124.6 million as of December 31, 2009. It valued its assets at just under $9.5 million and its liabilities at $125.5 million.

This company is DEAD. Put it out of it's misery


Best,
Sean