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Thursday, September 29, 2011 12:23:24 AM

Re: telligentbloke post# 235651

Post# of 326256
Not true at all


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


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