Alf: We hashed this argument yesterday.
The question is why does this same CFO continue to file 8K on YA's monthly loans as Material Definitive Agreements? That is certainly the most "ordinary course of business" at NeoMedia.
So CFO Baer's, and all CFOs before him, threshold is not if the agreement it is in the "ordinary course of business." That leaves nothing else but dollars.
However, keep in mind that all the former licenses when NeoMedia was highly focused on licensing. Laura admitted that while she was on the Board and Iain was CEO, there were no sales efforts. There was no in charge of sales. Today, she has two VP of Sales for campaign management. So I think the 10K interpretation that there was a shift in focus doesn't match actions.
We know we have another 8K in the next few days so we will see how he files it.