NeoMedia Technologies, Inc (NEOM)

[CRASSUS]

They had more than a million in cash at that time. That's enough for four months. Then came the Progressive deal. One of these deals runs the company for at least a quarter imo, so borrowing shouldn't be on the agenda, but that doesn't say SS is achieved or explain how they actually calculate it. I mean Neomedia has borrowed once since July 2012 and paid back that loan almost immediately as well as 500K in old debt and I'm pretty sure they won't borrow until July 2013. Some people would call a year with no new borrowing and debt reduction self-sufficient. This company works imo.

What I like most is that Laura's actions seem to be directly responding to our criticism. An early notice of debt restructuring as well as a comment on no new loans of any kind. Wow.