Replies to post #147406 on NeoMedia Technologies, Inc (NEOM)

[yellowjacket]

"Federal Aviation Administration– On April 22, 2008, the Company received a notice of proposed civil penalty from the Federal Aviation Administration (FAA) related to an air bill shipment processed by one of the Company’s business units which has been discontinued. The potential penalty will be from a minimum of $5,750 up to a maximum of $1,150,000. The Company has accrued the minimum fine related to this action in the amount of $5,750, which is the amount the Company expects will be assessed. Resolution of the incident with the FAA is pending." What's this crap? What do you suppose got shipped and by which former sub? YJ.

[jonesieatl]

Burn Rate

Doesn't it look like NEOM's actual cash burn rate was at least $3,000,000 in the 2Q?

I wonder how less than $8MM ($8.6MM financing less all the fees) is supposed to last them a year , much less to the end of 2009 , when NEOM was basically out of cash when they got this financing?

"On July 29, 2008, we entered into a Securities Purchase Agreement (“SPA”) in the amount of $8,650,000 with YA Global Investments, LP (“YA Global”), an accredited investor . Under the SPA, YA Global will buy three secured convertible debentures, subject to our meeting certain milestones, which are designed to fund the Company’s business plan to bring our products to market over approximately the next one and one half years. The first debenture under the SPA was issued on July 29, 2008, in the amount of $2.325 million."

[Drmyke3]

jonesie, what tax benefits are available to a buyer of NEOM?
tia
Dr. Mike
PS
We can never rise much in price due to never ending dilution.
We will be swamped by an infinite # of shares.
Dr. Mike