Replies to post #99610 on NeoMedia Technologies, Inc (NEOM)

[ss9173]

Wow! That's one development I didn't expect, but appears to be a very good move!

ss9173

[brewskih]

And the joke continues......

So let me see if I understand this right. NEOM paid them 6,144,000 in cash as part of the acquisition. Less then a year later NEOM will recieve 250,000.00 of that cash back for returning the company to its original owners.

So technically speaking NEOM paid about 6 million for a 7 percent ownership in a company with 2 million dollars in assetts approximately.

I will say that its good to sell it back and lower that monetary value owed the subs, but its only a small portion of whats owed. Are we selling back all the other subs too so we dont have to meet guaranteed share prices? And if so at what costs to the NEOM shareholders. This little fiasco just cost us over 6 million with the legal fees etc, and sponge has 6 million in the bank to carry them through or do what they want with...LOL.......Actually the shareholders more then likely already divied up the cash, and will watch for another sucker to sell out to.

[Banks]

Not sure what this has to do with anything in this PR:

"Previously, NeoMedia had announced the signing of a non-binding Letter of Intent to sell its micro paint repair business unit in order to concentrate its corporate marketing resources on mobile marketing opportunities for its patented qode(R) product platform."

Glad to see them becoming more focused.