NeoMedia Technologies, Inc (NEOM)

[CRASSUS]

I sympathize. Yet I'm glad there are places where one can dissect quarterly reports, etc. Especially today. I'm not a trader, flipper, shorter, you-name-it. I believe in the creation, support and profit of superior products. Relentless analysis a la Poptech might annoy some people, but it helps not getting blindsided too much. I still get angry whenever I think about the fact that Laura Mariott and Neomedia didn't feel it was necessary to state a bridge loan by YA last quarter. It's one thing to be secretive about strategy. Another is not being completely honest with investors in a situation like this.

We live in a climate of lies and deception (check out the FT and what they just dug up about Deutsche Bank) and Neomedia has been playing all along. The SEC seems to be discovering 'glitches' pretty much everywhere these days (while being ridiculously understaffed). We need serious changes in the financial world or smart, clean, hard working business men won't consider a career or won't get funded.

It's companies like Neomedia that make me want to invest in nothing but gold coins until we're all over the cliff and can build a system again that we trust in. The strength of Neomedia's patent portfolio kept it alive. I have respect for the inventors, and none for management. Business seems to be picking up now, but I wonder if that was sound decision making or just time catching up with the intellectual property.

Good luck to us all.

Rant over.