success: That is correct, she did not directly address the issue of a patent sale as she did in the Q4 2010 call. She did not take the question and she did not answer the question today.
However, they are 6 months from facing the loss of the patents in a default. While YA certainly doesn't want to take patent ownership away from NeoMedia, NeoMedia must manage against this inevitability. It is their job to maximum assets for shareholder return so to think this option is off the table is naive.
Sale of assets is the only remaining method to meet their 2012 debt obligations. Revenue will never catch up.
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