Sunday, November 06, 2005 11:20:57 PM
During the six months ended June 30, 2005 and 2004, NeoMedia's net loss
totaled $3,519,000 and $4,053,000, respectively. As of June 30, 2005, NeoMedia
had accumulated losses from operations of $86,896,000, had a working capital
deficit of $3,418,000, and $7,075,000 in cash balances.
Also:
There can be no assurances that the market for NeoMedia's stock will
support the sale of sufficient shares of NeoMedia's common stock to raise
sufficient capital to sustain operations for such a period, or that actual
revenue will meet management's expectations. If necessary funds are not
available, NeoMedia's business and operations would be materially adversely
affected and in such event, NeoMedia would attempt to reduce costs and adjust
its business plan.
I loved the chart alwaysright. My chart with GOOG started the first trading day of August, 2005. Each of my shares has made me $100. The same NEOM timetable has made exactly zero. It is the difference between potential and reality. NEOM needs to get some revenue flowing. Instead of challenging me we should be challenging management.
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