NeoMedia Technologies, Inc (NEOM)

[lesnshawn]

Watty56: Why vote “Yes” for proxy proposals #5 & 6? My answer to your question is found on the bottom portion of this post. You can call mine,

"The Contrarian Vote".


For me to best answer that though, first I must address…Why my turnaround here?


As I mentioned before, I saw their winning the EPO approval on the patents as a much more major event than the effect it had on the price per share…much, much more. So, after deliberating w/ myself and freeing up some funds, I bought back in earlier in the day that Friday the pre-proxy filing came out. Oh, the timing.
After initial shock of the pre-proxy, I started to think of possibly positive reasons why the massive R/S or massive increase in A/S is wanted, other than the obvious and easy fearful reasons why that first come to mind. Then after the definitive proxy came out w/ the changes, I asked myself why the changes and then really started to focus on other positive possibilities than the worst. I thought of how this could be of benefit to others much more directly involved w/ the company and patents than me, a mere spectator w/a paid seat to the game. I put myself in “others shoes” for a different perspective.

To preface, my exchange w/ LM more than week ago centered on the simple question of - would there be a Q&A forum at the SHM and if so, would there be any time limit or question limit per shareholder during that period. That was it. Niceties were exchanged and I look forward to meeting her.
All of the below is from my skull, not from any exchange w/ LM or anybody else here. I posted the benefits I saw of an R/S the day before Personalizit’s change in position regarding the R/S. The post was deleted. Then, Personalizit posted his change in position on the R/S the next day. Later, I re-posted my thoughts again on why I think an R/S could be a good thing. That post was not deleted.


Not thinking of just myself and my own possible outcomes here which are solely determined by share price alone…


From YA’s shoes: I’d want out. Why?

1) I don’t think I could profit well again from playing this death spiral game again by resetting the bar.
2) I have the SEC breathing down my neck.
1) + 2) =
3) I’d be better off w/ this crap off my shoe. My house would smell better.

Conclusion: I’ll loosen my grip and allow another to take my place as debt holder, or outright debt buyer. Pay me. Either way, I’m done w/ NEOM. I’ll put out the word to start the process – I want to be paid and gone. It’s been real. It’s been fun. It’s been real fun…time to move on.


From NEOM’s perspective: I’d want to stay alive. Why?

1) We have patents that have real value and have overcome all legal challenges.
2) We have shown that we can pay our monthly bills w/o the need to borrow.
3) We are a viable business.
4) We have long-term debt and need help but the value and worth of our patents to the right party could help alleviate or outright rid us of our long-term debt problem.

Conclusion: Discuss w/ YA the possibility of parting ways by allowing another financier (debt holder) or buyer (debt extinguisher) to move in and take over their position.

Knowing YA’s position and history and our current position in terms of being self-sufficient from a monthly revenue/bills aspect and patent position regarding our history and continued demonstration of the strength and validity of worth, now is the time to move in this direction. Time is of the essence. We need to capitalize on these current events. Picking up the phone and giving them a call now to discuss all of this.


From the shoes of an interested party in the patents who has a lot of money*: Now is the right time to approach NeoMedia and YA to take over the company for my own purposes and profits. Why?

1) NeoMedia is now self-sufficient from a monthly revenue/bills perspective. They are no longer burning cash.
2) NeoMedia has demonstrated over the past five years they their patents have and can withstand any legal challenge on both sides of “the pond”. I think they will not be challenged by any party anywhere in the world anymore.
3) Knowing the hot water YA is in w/ the SEC, I think YA would like nothing better than to clean their slate of continuing to finance NeoMedia w/ the retail investor killing scheme of PIPE financing.

Conclusion: Pick up the phone and give NeoMedia a call to discuss my taking over. Also, if I can take the company over, I want to keep it public so that I can reap more future benefits by doing so, IMO, based on my own personal experience.


Back in my own shoes: Based on putting myself in the shoes of NeoMedia, YA and an interested party in the patents who has a lot of money...

Conclusion: A buyer for NeoMedia is waiting in the wings and said buyer will keep NeoMedia publicly trading.



Now, to get to your question...

The proxy proposals, #5 (R/S) and #6 (raise A/S) and why vote "Yes" (IMO)...

First of all, one of the two of these NEEDS to be approved, OR, I believe we will see bankruptcy procedures begin. So, based on my own conclusion above that a buyer for NeoMedia is waiting in the wings and said buyer will keep NeoMedia publicly trading...


#5) 1:1700 R/S*: As I previously explained in a past post, as a buyer, I would want this. As NeoMedia who is seeking a buyer and would want to keep this publicly trading, I would want this. As YA, I don’t care...I just want my money ASAP so I can be gone.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=90109240

Remember, if the pps gets back up to .0006, that’s ~3MM shares at ~$1.00/share. A buyout of the company, even if just for the debt (~$60MM, for arguments sake), that’s ~$20 bucks a share. That’s NASDAQ bound territory. That’s very beneficial for the new owner.

Conclusion: I’m voting “YES”.


#6) Raise A/S to 500B: As YA and NeoMedia, THIS is the CONTINGENCY PLAN if the R/S and buyer don’t come to fruition for whatever reasons.

This allows the company to stay alive to slowly pay off YA and allows YA the continued chance to continue to make money off of NeoMedia and unsuspecting or hopeful investors - past, current and future. I think neither NeoMedia officers/employees/BOD, retail investors or YA will benefit well if BK proceedings begin and the patents are auctioned off by the courts. I think they would sell for the lowest and quickest obtained price and not the highest, slowest obtained price. The courts would want to get it over and done with, IMO, and they would the ones in control of the process, not NeoMedia or YA at that point.

Conclusion: I’m voting “YES”.


And, yes, I read every word of the proxy.


Again, we’re all free to think and vote how we want here.
I’ll continue to focus on the positive possibilities and how they would affect NeoMedia, YA and a potential buyer and vote accordingly to my own thoughts on those rather than vote according to other’s focus and thoughts on the negative and how they themselves would personally be affected if this ends up being just more of the same shenanigans.

You have your own choices to make and personal reasons behind how you best see fit to cast your votes on proposals #5 and #6.


Choose wisely.


lns


p.s. – interesting posting history, watty56…NEOM only and just a relative handful since two years after you first invested. Sounds like you still haven’t voted yet. Wise move, if that’s the case. It’s a big decision to make and one that shouldn’t be made in haste. Glad I didn’t go w/ my first reaction. It was from my head and not my gut so I made sure I took the time for a closer look. Good luck.

p.s.s. – the buyer I have in mind is an “old timer”. No need to attract “new investors” in that regard, IMO. I think we’ll have some signals as to what’s really going on behind the scenes after the SHM.

p.s.s.s. – remember, nobody, and I mean nobody at all here knows what’s really going even as much as they might like to posit. Be careful whose word you trust. I don’t pretend to know what’s actually going to take place. I’m just giving my opinion and stating it as so. As such, none of what I posted above can rightfully be labeled as "wrong".

p.s.s.s.s. – hiring a proxy solicitation firm to urge shareholders to vote as I have chosen to (not by their or anybody else’s urging). That is a signal if I ever saw one. I don’t ever recall them doing that. It may not be unusual for other, bigger cap companies to do such a thing but for little ol’ NeoMedia w/ very little money to waste and never having been done before here…yes, it’s highly unusual. Interesting to say the least and tells me this is a most important time in NeoMedia’s history and a blaring signal of big changes anticipated on the horizon.


Don’t vote your gut’s reaction; vote your mind’s reason.


Happy Sunday!