YES TO #5! The DEEP & WIDE decision...
First and foremost, ask yourself, if #5 doesn't pass, what will happen and why?
Many here think that's a bad thing for one primary reason...
YA will rush to close the doors, force a default and drive NeoMedia into bankruptcy - in short order.
Stop and think about that for a minute. What does that tell you? If you took the time to think w/ your head and not your gut it tells you one thing...YA WANTS OUT.
Why now? What's the rush for YA to want out?
One acronym answers that question: SEC
YA is a heap of trouble w/ them and the pan they're sitting in is heating up fast. They NEED to rid themselves of the death spiral that is NeoMedia. NeoMedia does have "product". They not only have the management systems in place for QR codes and barcodes (NeoSphere, QodeScan) but they also have the world's leading patent portfolio solidifying their position behind them.
YA doesn't want the R/S to continue w/ business as usual because they can't afford it. They can't afford it for two reasons:
1) SEC - they need a goodwill story to present to the authorities to shine a good light on themselves..."hey, we're not total crooks."
2) They know they won't have the retail trader/investor/shareholder to rely on for a THIRD round of to successfully continue their massive, incessant dilution game. They know this and so do we.
Therefore, they are naturally entering discussions w/ NeoMedia to allow themselves to be taken out of the equation either partially or fully through a buyout or institutional (over $1 requirement) investment firm/financier coming in as this is a much better alternative than losing control of possible proceeds through the courts and bankruptcy proceedings.
Further, for folks who think that it will just be more of the same, as yourself...How?
Answer and fact is, it won't because of the reason stated above. They simply won't be able to due to lack of interest of the CSH and trading community. One can't "trade the day" on a stock that continually goes down. FACT, no matter how many times some try to tell you it possible, it's not. After seven years of it here, to try it w/ a company that actually has something to offer w/ a worn out trading community who knows their game and what trouble they're in, is folly.
Now, changing gears to NeoMedia, their CSH's and why a vote for YES to #5 is a good thing:
1) Reason #1 stated above.
2) Reason #2 stated above.
3) "...given the positive news surrounding our business, we have held discussions with YA and they have agreed to enter into negotiations to restructure, and potentially reduce, the debt. However, until the issue related to Proposal 5 in the proxy statement is resolved, such negotiation will not be able to proceed."
4) "...we will be well positioned to either 1) pay it off in full with proceeds from the business"
5) "...find an alternative investor to take on all or a portion of the debt owed."
The reasons to vote "YES" TO #5 far outweigh the reasons to vote "no" as voting "no" will most likely bring financial pain to everybody (CSH, YA, NEOM) involved here.
A vote for "no" to #5 is a demonstration of masochistic, selfish, vengeful, shallow, narrow-minded thinking.
Engage the full faculties at your disposal before making your final decision on #5.
Don't let your gut vote for you but rather your mind.
The cerebral cortex is a wonderful part of the brain and the main differentiator between man and animal.
Avoid relying on your visceral "fight or flight" reflex for this most important choice.
YES TO #5!
lns
p.s. - on MSFT's Tag service and Scanbuy...it's obvious that NeoMedia wouldn't want any part of this as they are in the business of being licensor, not licensee. Tag is indirect. NeoMedia will benefit, hands-free, from either MSFT or Scanbuy running that service. Simple as that.
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