NeoMedia Technologies, Inc (NEOM)

[Poptech]

This really is a classic read on the history of NeoMedia. In hindsight, it is perhaps a case study on the reasons not to invest in company. Some important quotes:

“Hmm, did anyone take the time to investigate Paul Strzelecki of Yorkville Advisors? Did anyone know that Paul is a member of MENSA? Does anyone know anything about MENSA? Does anyone care to elaborate on MENSA and how it may relate to NeoMedia’s future success?”

“Of course, if NeoMedia retains the rights to the patent, or even a portion of the claims therein, you will be looking at a company that stands to eventually dwarf the majority of companies in the world.”

“I assure you, based on what I’ve seen on this board, only one or two of you may know anything that might be worth calling [NeoMedia] about. BTW, I’ll almost assure you that you are living in the past… Come on fellas, I was born many years ago, not yesterday."

If we can't look back, we can't see the future.