Scanbuy Mobile Barcodes: Scanlife EZ Codes on the iPhone

No one cares about Neoreader, because Neomedia is a dying horse. A phone aplication cannot save this company from bankruptcy.

Streetstylz said “Have you seen all the new employee head count they have added?”

Have you read the latest 10Q they just filed? You have to have money to pay those new employees, something Neomedia hasn’t been able to earn for years now. And if you look at their loans from YA they are getting smaller and smaller. The last loan wasn’t enough to fund them for a month based on their burn rate. And both their revenue and Gavitec’s, has declined year over year. So just how are they going to pay those new hires?

You like to hang oyur hat on speculation of this and that about to happen, and use that to justify pumping the company, because you invested in their stock.

Lets examine a few FACTS here and see if your hype of Neomedia has validity.

1. In the latest 10Q Neomedias fully diluted share count stands at over 9 billion shares, while they are authorized to issue only 5 billion. With a few of these debt instruments maturing soon, what happens when YA decides to convert the debt to shares of common stock, but Neomedia has no authorized shares left to convert with?

2. With the patent re-exam in its early stage still, and the average re-exam taking 18 months or longer to complete, and then the court case has to be restarted, and Scanbuy having its own competing patents in this space, just how long do you think it will be, before Neomedia receives a positive court judgment, that wou7ld require Scanbuy to license Neomedias IP?

3. Does Neomedia have sufficient revenue coming in to fund their operations for that lengthy period of time, when all evidence shows their revenue from all operations in decline?

4. How long do you think it will be, before YA decides to transfer its Neomedia debt to a third party, who demands payment on the debt which is fully due, and that third party decides to foreclose on the collateral assets of Neomedia to satisfy that debt? Something that YA has done just recently with other companies which could not make the monthly payments due on the debt they owed, in far smaller amounts owed then is the case with Neomedia. Just check Cargo Connections, for a recent example of a company which lost all its assets, after posting profits, but in default to YA on 3 million in debt, then factor that into your speculation.

4. And finally, what makes you, an average shareholder in Neomedia, so sure the USPTO or the courts, are going to issue rulings in favor of Neomedia versus Scanbuy? You do not know any more about how this is going to unfold, then any of the shareholders, yet you speak as though your presumptions are in fact the way this is going to conclude. I expect the USPTO to greatly restrict Neomedias claims in their re-exam process, which is typically the case in the majority of cases they have done to date. Do you have any facts from anyone involved that show otherwise, which you could share?

Guys. Shouldn’t we all start to do our work?

In a mature market there is room for all so shouldn’t we first make this market mature?

I am really fed up with this Neomedia/Scanbuy gunpointing banter. Really post something that is beneficial to the discussion or please be silent.

Thanks, Ron