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NeoMedia Technologies Inc. Message Board

  • brewskih brewskih Jan 24, 2007 5:33 AM Flag

    NEOM scandal in the works Part 2

    OK here it is

    Posted by: rcmshane
    In reply to: None Date:1/23/2007 4:53:06 PM
    Post #108107 of 108109

    This is a message which was sent to Neom HQ through their website by me. I would like to know what other investors here think about your personal information being given out to a private individual by NEOM. Also what do investors think about the professionalism of a company that farms out investor questions to other investors? All I have read is that the negative folks here need to contact the company themselves, well I did and not only did I not get answers or even a response from the company I get a response from another individual who was asked by the Company to do this. I won't even begin to get into how this can expose the company that I am invested in because I am way too upset about my information being given out to private individuals outside the company.

    I have never seen or heard of another company acting in this way.

    -----Original Message-----
    Sent: Thursday, January 18, 2007 3:50 PM
    To: ir-dist
    Subject: Comments submitted from NeoMedia Technologies, Inc. Website

    From: xxxx xxxx
    Email: xxxxxxxxxxxxxxxx
    Comments: Just wondering if you are ever going to update
    your shareholders since we have not seen the sale of micropaint or the
    launch of qode as promised. To say nothing of the changes in management
    and our financing problems.


    I am XXXXXXXX from I-hub. I am assuming you are the same person RCMSHANE
    from I-hub. Your email request was forwarded to a few of the senior
    leadership folks at NeoMedia. I received a request from Rick Pavane to send
    a response. The reason being is they are quite busy. I will explain below.

    First, I believe the paint division is still going thru a drawn out bidding
    process. They have more than one bidder so it is going back and forth.
    That's why it still has not been closed.

    On 22 and 23 January, about 12 to 15 of the most senior members of NeoMedia,
    Qode, and Gavitec are going thru a strategy session moderated by a 3rd party
    facilitator. This process is to bring together the two teams and to set up
    how NeoMedia is going to go forward over the next year. One of the big
    things is the financial problems. That is probably the top item to be
    discussed. The path to fixing the financial situation is bumpy but
    passable. One part of the plan is to sell of the subs other than Gavitec.
    The money raised from those sales will be used to pay down debt and to help
    fund the future growth of qode and Lavasphere. The other part is to bring
    on equity investors. These investors are going to come in the form of joint
    ventures with other companies in the industry. You have heard about
    NeoMedia's work with News Corp. News Corp is one of the companies
    management is pursuing in the joint venture arena. I don't know the status
    of all the work, but it is ongoing.

    I have been told by a couple of folks that the result of the strategy
    session will be a letter to shareholders. I don't know how soon afterwards.
    This is a big step. It is something you and I along with many other
    shareholders have requested.

    I periodically update about 80 plus NeoMedia Investors with emails about
    what I am hearing about NeoMedia. I would be happy to add you to the list.
    I send it out as a blind-copy to keep individual emails private. Please
    feel free to contact me at any time. I am a long-term investor in NeoMedia
    and am trying to keep the lines of communication between shareholders and
    management open. It's not easy, but I feel it is something I can do to help
    my investment succeed.

    Have a great weekend,


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