Shares in NeoMedia Technologies Inc. (NEOM) have officially been released from their sub-penny prison now that they are in bed with Microsoft (MSFT). After a late afternoon announcement, the pioneers in the mobile barcode industry granted the once biggest company in the world a worldwide, non-exclusive, license to NeoMedia’s patent portfolio. Within seconds, NEOM stock shot right past a penny to 0.012 and have traded over $1.6 million worth of stock.
NEOM stock is gonna be on fire tomorrow and should be loaded up on prior to the close.
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NEOM Stock Chart
Last: 0.0103, up 0.0046 (80.70%)
On the heels of their most recently filed Q which reported revenues of just $461,000 for the three months ended June 30, 2012, the agreement with Microsoft to make use of NeoMedia’s IP portfolio, consisting of over 74 patents awarded and pending worldwide, will finally put that technology to good use as the tech giant has ability to implement the mobile barcode technology across the industry.
A similar situation occurred a few years ago with LiquidMetal Technologies (LQMT) when Apple licensed to use their patented technology. LQMT stock went from 0.08 to 0.40 within days only to crash down to 0.11 on the short shortsightedness of the deal. From 0.11, LQMT went to 1.76, a 1,500% gain within a one month period.
How smart was Dr. Soon-Shiong and his Global Grid, LLC the bought up over 100 million shares of NEOM stock back in March for $3.66 million? Pretty damn smart.
About NEOM Stock
NeoMedia Technologies, Inc. is the pioneer in 2D mobile barcode technology and infrastructure solutions that enable the mobile barcode ecosystem world-wide. Its technology platform transforms mobile devices with cameras into barcode scanners, enabling a range of applications including mobile marketing, consumer oriented advertising and mobile ticketing and couponing. The Company’s suite of products, services and extensive IP portfolio means it is the only provider able to offer customers a comprehensive end-to-end mobile barcode solution. NeoMedia’s current customers include handset manufacturers, platform providers, brands and agencies.
Click here to view the most recent 10-Q filed by NEOM.
Bottom Line: Load the boat cause NeoMedia Technologies’ penny stock, NEOM, is setting sail. If you can get shares prior to the close, hold on tight cause there should be a huge gap open on Wednesday once the nes gets out to all those who fell asleep at the desks on such a boring Tuesday trading session.
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