NeoMedia Technologies, Inc (NEOM)

[Rotten Johnny]

Cornell Capital uncovered

Brilliant couple of pieces today from Wando on RB. I just had to post it over here as well. Pay close attention, he is onto something big here as follows:

http://ragingbull.lycos.com/mboard/boards.cgi?board=NEOM&read=61443

Just a point of interest if you search the internet for Cornell Capital Management you will find on their web page that they offer a Value Fund to prospective clients. Containing shares in 45 companies referred to as blue chip large cap, medium cap and small cap stocks. On the bottom left hand corner of their web page is a reference indicator. That indicator includes daily trading information on Neom. In other words I suspect that Cornell carrys and sells Neom shares in their Value Fund to existing and prospective clients. This to me is a form of assurance that Cornell intends to accumulate Neom shares for their clients Value Fund Portfolio. Contrary to the belief that they are prepared to dump shares on the market it appears that they are accumulating or are about to accumulate Neom shares. Also it makes me wonder if Neom will use some of those $100M in a stock buyback and having Cornell purchase shares at continuing higher price levels. Rising Neom share prices would reflect very well in Cornells Value Fund.

http://ragingbull.lycos.com/mboard/boards.cgi?board=NEOM&read=61442

Is their any chance in your opinion that Neom might use some of the $100M financing to buy back some of their shares? I know that Cornell is on the hook to purchase Neom shares at Neoms disgression. Neom could buy back shares on a low price trading period and have Cornell redeem a lesser amount of those share at a higher price. In your experience do things like that happen and would the SEC sanction such activity. Just the word buyback would start the Neom price in a northern direction. Especially if they did that in a continuous fashion. Could there be some kind of arrangement where Cornell will buy and accumulate shares at ever increasing prices with the idea of flipping them down the road as a control block. In the same process Neom would keep retiring a certain portion of those shares back in to the treasury. I dont know if you would classify that as a form of wash trading or not.

Excellent analysis. Sheer brilliance. Thank you Ernie.

All the Best, JP