NeoMedia 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.
After 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.