NeoMedia Technologies, Inc (NEOM)

[number cruncher]

I don't think it would be prudent for NEOM buying back shares using borrowed money. First of all, if and when NEOM does tap into the $100 million fund, it will have to register shares against the money borrowed which would result in Dilution. To then go in and buy back those added shares with that money would not be a good investment since they also have to pay Cornell 5% of the money they receive. Instead, either NEOM should not tap into the $100 million at all, or if it does, it should use it to grow the business. IMO, NEOM should not buy back shares until they have loads of cash in the bank that they do not need to use elsewhere.

- NC