NeoMedia Technologies, Inc (NEOM)

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AWESOME...GREAT POST...folks, I currently perform M&A work for a financial institution, however, prior to my current position, I was the Audit Manager for a F500, Gas and Electric Utility Company and was responsible for their SOX compliance with section 404. I am extremely familiar with SOX, and even had a small part in helping contribute to the drafting of the legislation via my local Congressman who was a co-author.

Pink sheet stocks are not required by the exchange to adhere to the 404 requirements of SOX in the same manner that non-pink sheet companies are. To me, I can only interpret this one way...NEOM plans to move to the big boards very soon. Within next 6 - 12 months. Otherwise, they would not be expending the resources they will have to expend to comply with section 404...it is not feasible to try and comply with section 404 in its entirity as a pinksheet company.

This means one of two things...either the mgmt. of NEOM fully believes they will meet the minimum pps requirements to get AMEX, NASDAQ, or NYSE exchange greenlight within the next business cycle; or, they may perform a reverse split to artificially inflate the pps in order to qualify. It is my experience that reverse splits, are usually not good for the shareholder; and, I would assume that there may be clauses within the cornell agreement or the contingency agreements with the patent attorneys, that would inhibit a reverse split.

Just my thoughts, but I view this as very, very, very positive information. Best news I have heard in a long time regarding NEOM. GO baby GO!

If I didn't have to take a pretty significant pay cut, and move out of state (can't do right now, because my home is mid-renovation...kinda tough to sell a home during mid-renovation), I would apply for the position. Of course, if management wanted to grant me some decent stock options, I be Florida bound tomorrow! HA!