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rotorhead

04/06/05 5:49 PM

#9909 RE: chuckerfmfla #9907

you're right on Chucker, as of tonight the market cap is about 110,000,000 so 20% would be at least 22 million (still cheap IMO)
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lesnshawn

04/06/05 5:53 PM

#9912 RE: chuckerfmfla #9907

chucker: I think it was 20% + 5MM. EOM
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JPetroInc

04/06/05 6:02 PM

#9913 RE: chuckerfmfla #9907

Chuck, it's not a 20% stake for $5Mil.

Instead it reads as follows:

We have good reason to believe that a big equity/licensing deal with a Fortune 100 firm is now firmly on the table. And if such a deal is consummated, then we could see NEOM shares at $1 or more as a result.

It appears that NEOM borrowed $10 million from Cornell Capital to prepare for this deal. Put yourself in NeoMedia’s position -- if you had a Fortune 100 firm like Microsoft or Intel considering taking a 19.9% position in your company and a licensing deal for $5 million, would you want to make the final terms with $2 million in the bank?

So we are talking a 20% equity stake "plus" a $5Mil. licensing deal.

All the Best, JP

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yellowjacket

04/06/05 8:34 PM

#9927 RE: chuckerfmfla #9907

Agree, Chucker....more likely $40 million-$50 million for 100 million shares would be more likely...the $5MM might be the price of admission for licensing since his post mentioned 'going to the bottom line'