Replies to post #73034 on NeoMedia Technologies, Inc (NEOM)

[brewskih]

Now you see why I say dont put your faith in whats said in a companies own press releases. I even gave the board here a link to a CEO saying his company was to be profitable in 2002 and 3 years later they hadnt earned a penny.

Also when you read the 12snap PR it talks about a statement the CEO made a year earlier AFTER THEY BECAME PROFITABLE in 2003. It dont say they were still profitable at the time of the release in Sept 2004.......so the investor has to dig deeper then that pr to see whats going on. It is very possible for a company to have 1 quarter of profits due to a settlement or something of the like, and then can claim they became profitable, yet every quarter after the one lose money. Misleading? Perhaps. Factual? YES. As long as they posted profits for one quarter, the CEO can claim they BECAME profitable.

[clawmann]

ss9173: I thought the PR indicated they turned a profit in 2003 and then they started expanding into other European markets. If so, the expansion activities, which had to increase costs, could have caused the negative numbers in 2004 or 2005.

Just speculating based on what was written in those PRs.