IMO NeoMedia is just like the 100+ other YAGI clients shown in Table A in the ibox of the Cornell/Yorkville board linked to in my signature.
A failed business plan + shoddy management execution + personal greed at the expense of shareholders = horrendous dilution and double-decimation of the share price. (.40 --> .04 --> .004 and worse).
JMO and hoping for some irrational exuberance sometime soon to provide an exit point resulting in a lessening of losses.