NeoMedia Technologies, Inc (NEOM)

[brewskih]

I wasnt gonna waste one of my 15 posts a day to answer a question I had already answered in a previous post, but since you are insistant I will answer once again.

I am still in the stock because my average price per share is .37 and so I will wait for a rebound to exit.

As to why I bought in the first place, as I explained as well I initially invested in Jan 2004 but my largest investment(an additional 100,000 shares) occurred in the past 2 months. Why you ask? Because I had extra funds from the sale of my condo, and I did not expect the management to be filing the 54 million shares for registration right after I bought my shares. I bougyht 40,000 at .43 a share and another 60,000 at .329. The price started dropping right after I bought the first lot so I bought the second to average down. I only hold 10,000 shares of what I bought in 2004 in a different broker account, so I did not average those shares in for the sake of this discussion. I paid .07 and .11 a share for them in 2004, but the quantity is so small that it wouldnt effect my average pps that much. So the fact is I own 110,000 shares at various prices, and havent sold yet because I dont want to write off the loss just yet.

And if you are wondering I voted no on both the director choices for 3 of the directors up for nomination, and I voted no on the stock option plan.

The directors I voted no for were the Fritzs and the CEO Jenson, because I dont like all these private loans I see them making, and getting great options and promissary notes in return, and I dont like the CEO going along with it. As directors I see that as a conflict of interest, when they make the loan, and they vote what compensation they will get back in return for making the loan.