Replies to post #109589 on NeoMedia Technologies, Inc (NEOM)

[brewskih]

Bob......first of all I wasnt ignoring you. The powers that be decided they didnt like me posting on another message board and thus reduced my posts to 3 a day, so I use them to address the misinformation mainly.

As to Hightechjunkies rebuttal, one thing he forgot to mention that I did mention, is the shares short on NEOM are miniscule. Whether someone is shorting against the box(legally) or shorting in the traditional method(legally as well) those numbers are reported and the number is published monthly. I think the last months numbers on NEOM are 6 million shares or something like that, or less then 1 percent of the outstanding shares. That is a very low persent, and clearly indicates there isnt massive short selling going on.

Then there is the other issue he didnt mention. NO US broker allows an investor to short a penny stock. And if you check the volume on the other exchanges outside the US there isnt enough volume to suggest there is massive shorting going on there either.

I never said shorting a stock was illegal, but you cant short a penny stock in the US. At least the retail investor can not.

Then he states he owns a stock with 23 million shares short that isnt on the list I presented. Well no kidding. If they are not on the list, that means the brokers or MMs bought the shares to cover the short positions, or have the shares in their inventory to cover those shorts. Maybe those 23 million shares shorted are the same shareholders who actuall own 23 million shares and are hedging their bets by owning the stock and at the same time shorting it. Happens all the time. That list is for stocks that have been shorted and the MM has not found shares to cover the shorts for 5 days or longer.

And my post was not in reference to his post per se, but if I recall at the end of his post he did ask if any of the info was innacurate to feel free to correct him, then he comes out blasting when someone posts something that does correct him. My post was in reference to several other posts claiming maked short selling and short selling causing the pps to decline. He as well responded to those posts with his explaination just as I did.

Now as to my view on NEOM. As I have said, in my view they will survive, and be a small niche player in the market and some day the stock will be worth 1.00 a share. Just isnt going to happen any time real soon.