NeoMedia Technologies, Inc (NEOM)

[lesnshawn]

RnR: Gimme a break. The PPS only makes this a $5MM market cap. That's peanuts.

NeoMedia is not "hopelessly insolvent".

That would mean they can't service their debts at all, period.

If this were the case, and there was no hope of that, why then would YA have NOT already pulled the plug on them and started the bankruptcy proceedings?

That's what makes no sense. Popt put a comparative time-line limit possibility for us all to ponder on when YA would likely start bankruptcy proceedings, and that would be the end of Feb. or beginning of March at the latest. That's only a short few weeks away.

They have a 10K due in about seven weeks, although I think it will be out earlier than that based on the timing of their last three quarterly filing. BUT, if they were "hopelessly insolvent", as you put it, don't you think that we'd see a call on their debts issues, a default occur and subsequent bankruptcy proceedings to follow BEFORE that time? If that doesn't happen, why would YA wait until AFTER the 10K is released to start such proceedings?

That's the main question here...What are they waiting for? IF YA has the intention of forcing bankruptcy on NeoMedia, does waiting until after the 10K somehow benefit YA?

After all this time, why don't they just get it over with?

The fact that YA hasn't pulled the plug on NeoMedia yet hints to something in the works to satisfy YA's debt obligations or is taking place as we speak.

The fact that the pps is holding around PAR value also suggests this.

Fact is, the charts show us that we've been in a SOLID accumulation phase for a solid six months now (no doubt) and the money flow has been ever increasing for a solid year now into this stock.

And, looking at this from a Wyckoff Analysis viewpoint, we could very well be in the re-accumulation phase of a significant uptrend, getting ready SOON for the next leg up.

Call it nothing more than hope if you like. But, the fact that YA hasn't forced a default condition and started bankruptcy proceedings on NeoMedia in the five months that they definitely could have, and during which time a major move in stock price has occurred and sustained, tells me that YA is apparently the one full of the most "hope" in getting their money back outside of taking NeoMedia to bankruptcy court.

That is what is most significant and telling. And all this time an "institutional investor" or one of the like could be quietly accumulating to take control of NeoMedia and start a new course of direction for both NeoMedia and themselves.

Possibly a private-to-public situation is in the works? A reverse-merger perhaps w/ a large LLC?

I don't know, but yes, I'm hopeful. And so to is YA. And we all will find out SOON enough.

"Follow the money" as the saying goes...

lns