NeoMedia Technologies, Inc (NEOM)

[telligentbloke]

Sarah and Peter are both personal friends of Marriott's. That is how they came to be on the board. Marriott wants moral support, apparently and to feel like she is in charge. YA just rubber-stamped Sarah and Peter. No big deal as YA wields all the power because they control the funding. Like Marriott, they are just figureheads and are there to be fall-guys as far as YA is concerned.

The larger question is why be on a board when you have no power to do anything? I'd bet money those two new board members had no idea what the true story was in how Neom was being run. I'd be shocked if either of the new board members lasts a year.

GO is YA's guy and makes sure nothing happens YA does not want to happen. He may be the COO but Marriott is not going to do anything without his approval as he represents YA's interests. No doubt, Jerry at YA made that very clear to Marriott.

YA can do whatever they want with the financial operations of the company and the board bears the ultimate responsibility for any outcomes.