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By Ekaterina Zelenkova
Jun 09, 2011

May NeoMedia Technologies, Inc. (OTC:NEOM) Stock Be Rushed Again?

NEOM_price chart.jpgNeoMedia Technologies, Inc. (OTC:NEOM) stock opened the trading session with  an added value of 4.16% to rapidly return to the lower level of yesterday's closing price.

Looks, the bearish mood towards NEOM is still stronger although the positive highlights done on the company in the most recent research report.

Two days after the patent's news announced by the company at the end of May, NEOM continues the downward move.

At the end of the last month, NeoMedia Technologies, Inc. announced, that the United States Patent and Trademark Office has ruled in favour of the company in the second re-examination of its US Patent named ‘System And Method For Automatic Access Of A Remote Computer Over A Network’.

The same day, NEOM soared 267%, followed by the price shot of 276% the next day.

NEOM_from the site.pngAfter two really hot trading sessions for holders on NEOM came time for the almost invariable price correction. The final countdown shows, that excluding the possible speculative skyrocketing of shares' price, investors that bought at the closing price in the day of the company's press release as of yesterday lost 12.72%  on their investment.

Thought, released on Monday research report, presenting the potential of NeoMedia Technologies, Inc., may rush the stock, after the vast shares price bang few weeks ago, investors' bullish mood towards NEOM seems not to be returned.

One of possible reasons for this may be also the recent company's 8k filing done, related to the increase of  NEOM's debts. At the end of March, the company reports current liabilities which exceed company's assets almost ten times.



In addition, since April, the only 8k filings done of NeoMedia Technologies, Inc. are not those, related to the above mentioned patent, but to closing of debentures' agreements. The most recent one is from last Faraday, when the company filed for SEC. In it NEOM announced the issuance and selling of a secured convertible debenture to YA Global Investments, L.P.  in the principal amount of $450K.

Average Reader Price Target For NEOM:

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0.09

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Article Comments:

caselles wrote: 1:37 pm Jun 12, 2011
it is not that bad

Comment: