NeoMedia Technologies, Inc (NEOM)

[saskwatch]

There has been much discussion here recently about whether increased revenues and profitability are a condition precedent to positive PPS action. Today, during a breeak, I was reading the February edition of a newslwetter I subscribe to called "The Big Trend Report" published by Stansberry and Associates Investment Research and edited by Jeff Clark. This is a relatively new service, is written in easy to understand language for neophyte investors, is virtually free (something like $89 per year) and has made absolutely incredible stock recommendations in the first four months. This month he focuses on nanotechnology and comments:

"[T]he profit potential for this market is enormous....
However, we're not there yet. Heck, we're not even close. Nanotechnology is still in its emerging stage. Most companies have small market capitalizations and very few are even close to turning a profit.
Fortunately, Wall Street cares more about potential than about profit....
My point is that when the potential breakthroughs are huge, as was the case with Internet stocks in 1999...then less attention is paid to profitability....
That is a growth story - pure and simple. Value investors need not apply".

That logic applies to NEOM also, IMO.