NeoMedia Technologies, Inc (NEOM)

[sawdin]

Share information came directly from the SEC filings. You can access them here:
http://www.pinksheets.com/quote/filings.jsp?symbol=NEOM

Mr. Fritz began the day with 15,585,555 shares of common stock and sold off 1,000,000 shares. That equates to selling 6.4% of his common stock holdings. Why did he do that? I do not know. I plan on calling him Monday morning. I don't know if I will get through to him -and if I do whether he will answer my questions. However, my GUESS is that he needed to move money around for tax purposes (Assuming he pays taxes like the rest of us schlubs!) Is he trying to sell before the price tanks? Two facts lead me to believe that is not what he was trying to do. First, it is illegal (though often done) and he knows that lots of investors follow the filings and would initiate a complaint to the SEC if it appeared that he was trading on insider information. Secondly, if you were going to get out before the pps tanked, wouldn't you want to start selling in advance in order to: 1) Sell more off than just 6.4%, and 2) Establish a patter of selling to buttress a claim of plausible deniabilty. Which brings up this point: If he and others continue to sell off while most of the board posters and company followers are counting their "future retirement funds courtesy of NEOM", THAT IS WHEN I'D REALLY START GETTING WORRIED.

JMHO, and mho and $1 will get you a cup of joe at McDonalds! I'd love to hear thoughts from more experienced investors.