Replies to post #46735 on NeoMedia Technologies, Inc (NEOM)

[success622]

brewskih,
on iPoint, they have to file to register shares before they can become publicly traded. They have incorporated in Delaware. (Your choice of words about them being "public" in Delaware, or your understanding, or both, are incorrect. They are incorporated in Delaware, and have filed a registration statement, both steps to becoming a publicly traded company.

(Also as I said my first post was just a quick couple of points.)

About their customer loss, which you commented on me not answering in my quick reply? I believe it's the IP that NeoMedia is after, not a client list. For example, here are two patents right now, and that's just a quick search at the European database, haven't checked anywhere else or spent more than 2 minutes finding it. http://v3.espacenet.com/results?IA=ipoint&sf=q&FIRST=1&CY=ep&LG=en&DB=EPODOC&....

Edited to add a U.S. patent application: http://appft1.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&u=%2Fnetahtml%2FPTO%2Fsea...
Same inventors, same patent as one of the European ones. Just a quick search, probably incomplete.

You ask if the iPoint investment is "good management"? Actually yes I do; if this IP has the potential that I think it does, it could be worth many times over what NEOM put into it to acquire 17% ownership and then to spin off a portion of it to shareholders.

Also you asked how big of an investment do the other companies have? Well, some % of the remaining 80%; so yes, it could be significant.