Replies to post #11280 on NeoMedia Technologies, Inc (NEOM)

[rotorhead]

2 items: #1 my thanks also to you and movieguy for sharing!!!

#2... for any of you thinking of starting accounts for kids, grandkids, etc... please get some financial advice! I was advised NOT to set up separate accounts now because the kids would end up with a tremendous tax burden because of the stock's appreciation.

It might be better to gift them the stock at a higher cost basis later in their life, closer to college etc. If they were to take it out of their account as minors without being independent for tax purposes, the appreciation would probably be taxed at their parents' tax rate. If you were to pass away the stock's cost basis changes to what the pps is at the time of death, which would relieve some of the tax burden.

AGAIN..GET GOOD TAX ADVICE...I AM NOT A TAX EXPERT

[PoorOldBob]

Hi WilliamFL..
Right up front let me say that I am in no way critizing your decision to say no more about todays court hearing and what you may have overheard.
What gripes my fanny is that have no way finding out what goes on in this countries courtrooms unless an ungaged press
representitive is present and chooses to report on the proceedings or you are present or a representative shares with you. In my opinion there should be a TV camera in every courtroom.
As far as being hesitant to repeat what you hear in the corridor outside the courtroom is ridiculous. Chances are two experienced attornies aren't going to be overheard talking about anything but what they hope others overhear and repeat.
Anyhow, thanks for your report and like you say hopefully this
is the end of the matter except to have the courts approval of the two parties proposed settlement.
POB

[walden]

All....

I just finished reading the Friday night and Saturday postings. I noticed that nobody commented on the following WilliamFL posting:

Abbreviated:

"We'll before I released this info I can up with the following conclusion. It doesn't matter if my cover is blown. There won't be Neomedia and Virgin in the Courtroom anymore :)
Have an awesome Weekend."

Those are some very powerful words - "There won't be Neomedia and Virgin in the Courtroom anymore :)" It doesn't take much to understand the gist of what WilliamFL heard.

Well done WilliamFL.

Walden