A featuring of NeoMedia Technologies, Inc. (OTC:NEOM) stock may push it up today as there is no recent official information related to the company which may do it.
On Friday, NEOM exploded suddenly. Passing successfully the price vulcanization, in a day time NEOM added 42.61% to its value in an exceeding three times the average for the company trading activity.
After the stunning shares' performance at the end of the week, even holders with a minor interest in the company's stock are in a rush to look for information about the magical power that made the stock stir.
These days, there is no news related to the company's development on the horizon. The latest is related to the rather confusing for investors disclosures for an increase in the company's debt.
NeoMedia Technologies, Inc. announced the next “tranche” of an issued and sold convertible debenture to YA Global Investments, L.P. at the end of October. The principal amount of the debt is $450K with a maturity date at the end of July next year. As stated by NEON, “The Debenture is secured by certain pledges made with respect to the assets of the Company and its subsidiaries”.
Surprisingly for some investors and observers of NEOM, on the background of the absence of any positive signals from the company its stock has been revitalized. NEOM has been vulcanized by trading communities and wide spread research reports to close yesterday at $0.0164.
The SmallCap Network, calling itself one of the web's leading small cap stock trading communities, featured NEOM as a “Pioneer in 2D Mobile Barcode Technology and Infrastructure Solutions” one day before the company's 8-K disclosure related to the aforementioned debt.
On Friday came the next publication related to NEOM. The publisher has been the same, the small cap stock trading communities. The author of the post mentioned the poor shares' performance over the last few months. Despite this fact, perhaps, the stated “sound business model” of NEOM succeeded to inspire investors.
Recently, one more trading community puts on the radar NEOM. Estocksdaily.com included NEOM in its watch list for today.
It is hard to say to what extent the amazing shares' performance may continue today. At present, there are no disclosures related to an ongoing stock promotion of NEOM. Three companies made research reports on NEOM since the beginning of this month in addition to the above mentioned communities.
The last available company's financial reports are for the period ended June 30, 2011.