First interview with new CEO NeoMedia coming here!

BOTTOM LINE

is neomedia ever going to make us any money thats what we all want to know.

the hell with all the other stuff
just get a answer to that

Here’s my question:

WHAT THE HECK IS GOING ON WITH NEOMEDIA?????!!!!!!!

1. As the former and very well respected CEO of Mobiqa, what made Iain decide to come to work for NeoMedia Technologies and assume the leadership role as CEO?

2. With Scanbuy using the indirect encoding method for their barcode resolution process, what are Iain’s thoughts on Scanbuy continuing to infringe on NeoMedia’s patents? Does he intend to pursue continued litigation against Scanbuy?

3. I think I speak for all of us when I say that myself and the rest of the NeoMedia shareholders have lost hundreds of thousands, if not millions of dollars, over the last 2 years in what has become a financial nightmare for all of us. A lot of really good hearted, honest, and hard working people have been literally fleeced and wiped out financially as we have watched our stock price plummet to an embarrassing $0.003.

We would like to know what Iain plans to do to land revenue generating deals, monetize the patents, and to help get our stock price back up to a much more respectable number.

Thanks & best regards

Bena,

The most important question hasn’t even been mentioned, so I will mention it at the end of my post here. First I want to address some of the comments made by others though.

The patent situation is irrelevant at this time, especially for a new CEO, since the outcome is in the hands of the USPTO and the re-exam process. The new CEO can do nothing about that now except sit and wait like everyone else. Then comes the lengthy court battle . So Neom does not have the time to worry about the patent outcome.

Then one commenter mentions hard working investors being fleeced. He forgot to mention that some of us hard working investors tried to warn others over 2 years ago and we were attacked by himself and his group, and banned from posting in that forum. Now he would have everyone believe that all the investors got fleeced by the companies actions. Not true. many got fleeced by a message board that shut up those that predicted exactly whats happening today.

As to what should be asked of the new CEO, there are two critical questions. What are they going to do for funding going forward, since any chance of success financially is at least a year out. Producing revenue as one commenter mentioned is not enough, when your expenses exceed the revenue and i expect as revenue grows so will operating costs. Neom needs to get to profitability to start down paying the enormous debt, and thats a couple years out at best in my honest opinion. In the mean time they need cash and these monthly loans by YA at ridicules costs are not going to get them there.

And secondly how are they going to hire the sales staff some of us have been asking for for two years now, so they can increase sales, when they don’t even have the cash to operate month to month, without loans from YA?

And third, when do they intend to comply with the state laws they are incorporated under and hold the shareholder annual meeting they are already violating that law by not having. Its been 2 years since the last one and deleware law is clear on when these meetings must occur.

brewskih, as u know, the admins have the final say on the neom message board. u were banned from the board for your constant personal attacks and rule violations. u may have predicted the right outcome, but u were your own worst enemy and got yourself kicked off the board.

Iain contacted me last night - we have an interview next week.

Just wanted to be clear as I see other’s feel the need to ‘have to’ comment on others’ comments.

That said, this technology is a blow away, plain and simple! The technology does work and is well utilized and is already revenue producing in certain parts of the world. Granted, there have been many obstacles to its coming, both financial, cultural, regulatory as well as technical challenges. It is not an overnight success, nor did it ever claim to be one. It is dependent on carriers, OEM’s, integrators, aggregators, web enablers, content providers and brand partners, to name a few. There are many involved in the vertical makeup of this technology and all have to be playing in tune and in harmony with eachother in order for it to achieve any modicum of success.

Funding is always a key issue, but it comes on the prediction (pro forma) of revenue generation. Thats the whole principle behind VC lending if you’re privately held or equity stock distribution if you are publicly traded. Bottom line, you put alot of upfront risk capital with the intention of reaping much bigger rewards later down the road as you assist your fledgling start-up attain (VC hurdle rates or milestones to) profitability.

Secondly, while the patents are under review and continue to consume time, they are nonetheless and integral and important part of the entire makeup of the company. While the subject CEO may not be well diversified in legal matters or have the educational acumen to drive the legal battle, indeed there are attorneys who are working these ropes, thereby freeing the CEO to concentrate on other more important business matters, such as running the day to day operations.

With regards to being banned form other forums, there is an administrator/owner of that forum who ultimately felt it in the best interest of all to permanently remove certain problematic posters, all of which had nothing to do with the moderators there. In essence, what we don’t need is a selp-appointed egocentric savior to save us from ourselves. What we do need is for NeoMedia to develope a successful business plan and to consistently execute on that model, funded by non-toxic dilutive backing…preferably by one of the REAL players within the PWC space who know the mobile barcode industry and can help shape its inevitable future…and we need it now.