Where Will the Stock of NeoMedia Technologies, Inc. (OTC:NEOM) go From Now on?
08 Jun 2011

NeoMedia Technologies, Inc. (OTC:NEOM)  is a company providing infrastructure solutions that enable the mobile barcode ecosystem world-wide. NeoMedia’s platform turns mobile devices with cameras into barcode scanners.  The company’s barcode ecosystem includes NeoReader – the barcode scanning application which makes the mentioned transformation of mobile camera phones.

As we see, NeoMedia is positioned in the 2D mobile barcode technology sector.  The hot news for NeoMedia Technologies came in the end of May when the company’s patents were re-examined and affirmed by the United States Patent and Trademark Office (PTO). This was a truly important victory for NeoMedia, as the present CEO, Mrs Laura Mariott, states in a recent interview.

The patent authorities in America ruled in favor of NeoMedia’s Barcode Lookup Patent. Company’s representatives now hope that the confirmation of a patent, challenged by reexamination twice in four years, “puts the issues of its validity to rest.”

To pay so much attention to this patent decision is not an accidental circumstance. We already outlined the significance of the news for the company. Besides, it triggered a real explosion in NeoMedia’s share price on the American OTC market in late May. NEOM went into a new orbit, climbing from $0.015 to $0.207 within two days, or by 1280%.

Now, the euphoria has come to its natural end. In June, the market cooled off and the shares began declining, to close yesterday at $0.048. Perhaps, investors were also cooled by the recent financial reports of NeoMedia – they reveal current assets of $600 thousand and current liabilities of $79 million.

So, where will the company and the stock go from now on?

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