NeoMedia Technologies, Inc (NEOM)

[jonesieatl]

"not thinking about other ideas to bring in rev's", ...

... and curtailing the paying of ridiculous salaries, benefits and termination packages "until the market was ready for us."

"it's easier to move paper then to actually work for a living."

Your post nails it and you are so right. It's amazing how many NEOM/YAGI-related pennystock scams and how many other pennystock scams have their roots in Fort Liars, er, Myers, Florida, all run by folks who don't actually want to produce anything but would rather use elaborate SEC filings and PR schemes to bilk others out of money.

All while operating on the tattered edges of SEC rules governing the otcbb.

"I blame management 100% for not anticipating industry adoption"

They did. Chas Fritz anticipated it, in fact he probably knew it from the get go, and cashed out as soon as he realized the hype had no long term legs for his stock price. (Check out his webpage, full of waste-remediation schemes, real estate schemes, "high end" financial instruments such as those perfected by YAGI, a pennystockscam mentality to the end lol) The succession of management knew it, insisting on handsome pay packages in return for granting YAGI the keys to the public-company cash register, offering up their PR-b.s. words while facilitating YAGI's swapping of shares for otcbb-generated cash.

jmo

jonesie