Replies to post #284451 on NeoMedia Technologies, Inc (NEOM)

[rockkitdog]

Whoa that's some tough language.

[AlfonszyD]

The ill-gotten gains are related to the management fees YA charged their investors for allegedly inflating valuations to earn more fees.

This particular suit unfortunelty will have no benefit to NEOM or any other of YAs portfolio companies. At this time the SEC is not allegeding any fraudulent or ill-gotten gains from their SEDA companies.
This could always change.

Not a real suprise, YA is alleged to have sucked in 280M plus from pension funds fraudulently....Pension funds carry alot more weight and politcal importance then us individual investors or desperate-for-money small cap companies.

Pension funds will have alot more luck in getting an SEC investigation goin then us Ihubbers.