ss - I'm still confused,
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From this S4/a section F49:
Subsequent Events
On July 8, 2005, NeoMedia reached an out-of-court agreement with AirClic,
Inc. whom it sued for patent infringement. In the agreement, AirClic agreed to
compensate NeoMedia for past and future activities. AirClic did not receive a
license to use NeoMedia's patented PaperClick(R) technology as part of the
settlement.
On July 12, 2005, NeoMedia entered into a consulting agreement with
Silicon Space, Inc., under which Silicon Space is developing NeoMedia's
PaperClick(R) WordRegistry interface. Silicon Space replaces Science
Applications International, Inc., who NeoMedia engaged in October 2004 on a
contingency basis to build and host the interface. NeoMedia intends host the
WordRegistry internally upon its completion.
On July 27, 2005, NeoMedia signed a non-binding Letter of Intent to
acquire Mobot(TM), Inc. ("Mobot"), of Lexington, Massachusetts, a pioneer and
leader in mobile visual search technologies.
The Letter of Intent calls for NeoMedia to acquire all of the outstanding
shares of Mobot in exchange for $3,500,000 cash and $6,500,000 in shares of
NeoMedia common stock. The LOI is subject to due diligence by both parties.
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Silicone Space predates Mobot. Why would it not be covered under Recent Developments? They went through the effort to delete SAIC. The AirClic settlement is covered under PaperClick Developments.
Sorry for the tangent.
