Thursday, September 29, 2011 12:23:24 AM
The majority of NeoMedia's employees have left on their own. Mostly because of Yorkville.
"I can tell you I left because there is no equity upside for employees (YA owns everything). The lack of any financing runway. Month to month was not a comfortable place for me."
"I left NEOM voluntarily. My departure was handled very professionally. Additional funds are still needed to run the business - there isn't enough revenue to be free & clear of additional YA investment at this time. Stock was a major component of my comp and had to make a decision about what was right for me. And for me, it was time to move on."
Best,
Sean
FEATURED Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM
Element79 Gold Corp Announces 2024 Clover Work Plans & Nevada Portfolio Updates • ELMGF • Sep 10, 2024 11:00 AM