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success622

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success622

Re: pennyheaven post# 17470

Monday, 05/16/2005 8:24:17 PM

Monday, May 16, 2005 8:24:17 PM

Post# of 326400
pennyheaven,
from TS update,
"It appears that NEOM borrowed $10 million from CORNELL Capital to
prepare for this deal. Put yourself in NeoMedia’s position -- if
you had a Fortune 100 firm like Microsoft or Intel considering
taking a 19.9% position in your company and a licensing deal for
$5 million, would you want to make the final terms with $2 million in the bank?"

Also, NEOM wisely spent $1.5 million in buying the 4 GPS patents from LoyaltyPoint.
http://www.neom.com/press_releases/2005/20050412.jsp
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