NeoMedia Technologies, Inc (NEOM)

[brewskih]

Craft_work........we dont know if they had revenue coming in or not. Its possible they were expending the revenue on R&D and that left them short. We do know they apparently didnt have enough coming in to fund all their operations, because NEOM had to make 4 loans to them in a five month period. The initial 600,000.00 loan, then two loans for 200,000.00 each and then the latest loan for 500.000.00 in December. And that is a little bit worrisome, since a private company dont have stocks to issue to keep the funding going, like a public company has, so it appears they were darn close to bankruptcy.

I know some here will say they do have stocks to issue, but my point is its not as easy for a private company to find buyers of their stock, when they have not enough cash flow to cover their expenses.