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Tuesday, March 08, 2011 10:47:00 AM
The last call was better than most, but it still failed to answer basic investors questions: what is the revenue forecast and where is that coming from? when does management expect a return to profitability? are partnerships generating the revenue anticipated?
NeoMedia can not answer questions related to investor actions including insiders or YA. It is unlikely they will discuss eBay or the newest lawsuit (except to remind shareholders they invest at their own great peril). So iHubber's burning issues will go unaddressed.
I am a little concerned they will announce audits and restatements that could go back almost a decade. If so, this investment is dead and lawsuits will fly. Counsel will advise them they need to tell us "where is the money?"
I also think the written Q&A last time was a bit over-staged. Do we really believe someone asked if they were NOW willing to sell their patent portfolio - and that was a burning issue that had to be answered? It was an open classified ad.
“It ain’t so much the things we don’t know that get us into trouble. It’s the things we know that just ain’t so.” Henry Wheeler Shaw
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