Replies to post #301761 on NeoMedia Technologies, Inc (NEOM)

[Poptech]

vero: YA might have agreed to reduce the debt, but NeoMedia has failed to meet the conditions to do so. The debt continues to climb at $300,000 per month. Multiply that by 12. There is no sugar-coating it. To put that in perspective, that is significantly more their top line revenue.

It is OK to be hopeful for an investment and still be objective to the facts that surround the investment. If NeoMedia goes BK, it will be for only one reason: their inability to sustainable debt.

[RisknReturn]

Vero, the actual face amount of debt is $40,920 as of 9/30/13 as shown on page 12 of the 10-Q. It is not the $35 million you stated.

The 25% reduction in debt only happens if and to the extent that NEOM has cash to pay YA the other 75% owed. As you know, at 9/30/13, NEOM actually had to borrow more money from others to pay its insurance bill. NEOM's ability to take advantage of the 25% discount would appear to be a pipe dream at this point.