Replies to post #273712 on NeoMedia Technologies, Inc (NEOM)

[phoenix69]

Great thinking AlfonsyD!!!!

[Poptech]

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.

[Hoofman]

AlfonszyD,

Exactly and that is why they have established a rate card for future deals. You only establish a rate card for something that you expect to do in your normal course of business to streamline and expedite the process.

NeoMedia has been active in, and strived to be an innovator in, the mobile barcode field since the mid-1990s, and during that time has spearheaded the development of a robust IP portfolio that encompasses many preferred mobile implementations. Our IP portfolio currently consists of seventy-four issued and pending patents. In September 2011, we announced an agreement with Global IP Law Group to help further monetize our patent portfolio and lead the licensing of our IP, focusing on the US market. We have closed one new licensing agreement in Q2-2012 and are hopeful that our IP licensing activities will generate significant new licensees in the third and fourth quarters of 2012. We have established a rate card for IP licensing which we anticipate will help to expedite the licensing opportunities currently underway. We intend to continue to vigorously pursue or defend, as applicable, claims effecting the business interests and intellectual property of the Company.

[makecents99]

I agree AlfonzyD...where does it say that a dollar amount needs to be categorized under Perkins Cole under 1.01 or 8.01?...seems pretty wide open under the discretion of the company's CFO, as in this case, because word is they felt it unnecessary to file an 8-K, only after shareholder pressure.
Hopefully we'll be able to see how(in)significant this MSFT deal truly is.