NeoMedia Technologies, Inc (NEOM)

[telligentbloke]

It is great that QR is getting all this press but nowhere are there any stats on how much is being actually spent or estimated spends by advertisers for QR codes campaigns.

The fact that there are countless free QR code creation tools available online is the elephant in the room for the Neomedia and Scanbuys.

When have you seen any QR code company publish any actual revenue figures attributable to paid advertiser campaigns? All the numbers, Neomedia, for example buries them inside of generalized headings. There is no way to see if just the advertiser campaigns actually spent X amount of dollars in 2010 and that increased/decreased by X$ in 2011.

All we get are percentage increases of scans but never actual total scans. Scanbuy does the same thing. You never see actual revenues.

All these companies are operating off of investor funds or financing like Neomedia has with YA. Turn that funding off and they would shut down in less than 24 hours.