Popt: So which is it?
1) YA now doesn't care so they will just leave NeoMedia alone? Or,
2) YA needs to move quicker on eliminating these types of investments from their fair value analysis which as you state, should have them scrambling to cut loose of NeoMedia?
Which is more beneficial to YA?
If 1), then lucky us! As NeoMedia continues to build revenue and operating profit then we can sit back and enjoy the rise in pps as will naturally occur.
If 2), then YA better get moving. It's clear you see them acting and eliminating NeoMedia from their books, especially w/ the SEC breathing down their necks. That wasn't the case back when Cobalis (sp?) was on their books. So maybe they had reason to wait then. They don't have any reason now, apparently, according to yours and RnR's analysis.
That begs the question...What's taking so long?
Oh, it's not up to YA now, is that it? hahaha
Guess they really screwed themselves now then, huh!?
Then, obviously there's SOME reason that some others see a good reason to keep NeoMedia around and we shall find out SOON enough what that reason is.
Yes, I'll say it again...I do believe an BIF was in the wings, waiting for the R/S, to come in at that valuation and share structure to take YA out. And, because that didn't happen it made it much more difficult for that to take place.
There was a definite reason YA incessantly diluted the way they did to full O/S after the Microsoft Confidential Patent License Agreement was signed and really went into high gear after the new year, 2013, at the same time NeoMedia first became self-sufficient. And, there's a reason the end of their dilution (because they fully diluted) came at the same time the European patent win was announced.
Microsoft capitulating, patents found to be rock solid, YA loosening their death grip all leads to a simple conclusion...
The patents NeoMedia holds are worth lots and they do and will play a bigger role in this ecosystem and YA wont' be involved at that point.
Mark my words. YA knows this too, that's why they haven't pulled the plug on NeoMedia. Otherwise, there's absolutely no reason to have not to already by now.
Trying to say that it would cost them more to call default (them and/or other holders of NeoMedia debt) than they would get for the liquidation of all of their assets and therefore it's not worth their time to do so...
Hogwash.
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