Replies to post #234574 on NeoMedia Technologies, Inc (NEOM)

[telligentbloke]

Pop, you are right on the mark, but with YA calling the shots, Neomedia may as well be on a respirator. If YA decides to stop funding on September 30, you can bet Neomedia will stop breathing no later than October 31. My guess is that all of the staff departures this year are tied to YA demanding cost reductions.

Given all the shenanigans the YA guys pull and the way JE and GO use LM as their puppet, I'm skeptical of how the books are being kept. Without any sales people in the US, who is responsible for sales? How can they be increasing sales without any sales people?

How do you have this supposed growth when there are never any announcements about new clients or success stories or anything? All that NDA stuff is BS. All the competitors issue press releases about client signings.

The shareholder CC is a joke with scripted responses to a small number of pre-selected emailed questions. With only a handful of shareholders, taking live questions should not be a problem. Unless they don't want to be asked certain questions or be called out to explain their actions. Why not submit a question for the next CC as to LM naming the top five or ten new clients in 2011?

[streetstylz]

Poptech, From the 2009 10-Q


http://www.sec.gov/Archives/edgar/data/1022701/000114420409027409/v149700_10-q.htm


"We currently do not have sufficient cash to sustain us for the next twelve months. We will require additional financing in order to execute our operating plan and continue as a going concern. Our management’s plan is to attempt to secure adequate funding to bridge the commercialization of our barcode ecosystem business. We cannot predict whether this additional financing will be in the form of equity, debt, or another form and we may not be able to obtain the necessary additional capital on a timely basis, on acceptable terms, or at all. We believe that we can obtain additional financing, but in the event that these financing sources do not materialize, or that we are unsuccessful in increasing our revenues and profits, we may be unable to implement our current plans for expansion, repay our debt obligations as they become due or continue as a going concern, any of which circumstances would have a material adverse effect on our business, prospects, financial condition and results of operations. In 2009 we have received $1.0 million in financing from YA Global Investments, L.P (“YA Global”). Should YA Global choose not to provide us with capital financing, as they have in the past, or if we do not find alternative sources of financing to fund our operations, or if we are unable to generate significant product revenues, we only have sufficient funds to sustain our current operations through May 31, 2009"


This has been standard fare in the 10-Q filings since 2009.


Best,
Sean