Yesterday the stock of NeoMedia Technologies, Inc. (OTC:NEOM) made again one of its unjustified by news or fundamentals jumps. For today’s session, a stock promoter has alerted NEOM to its subscribers using a statement that they must be already familiar with, while the company’s latest financing activities offer also no surprise. 
NEOM closed the last trading session 25% higher at $0.04, attempting during the session to touch the $0.06 level that is both a level of resistance and the 200-day moving average of the stock. The attempt failed, and despite the increase in the closing price the trading volume was 5.70 million shares, only slightly higher than the average.
Our database detected a new alert on NEOM coming in yesterday evening. NEOM has been featured in the newsletter of a stock promoter as a volume alert for today’s session, followed by a sentence that should appear to some inexperienced traders as big news news: “Today NeoMedia Technologies, Inc., and Scanbuy, Inc., leaders in mobile barcode technology, announced they have settled all pending litigation between the companies and have granted non-exclusive patent licenses to each other.”
That same statement about NEOM appears in a previous alert of the same promoter, sent on October 20, 2009, nearly two years ago. NeoMedia Technologies latest SEC filing are also not really surprising, given the poor financial condition of the company recently, and its available ways to raise cash.
In the middle of July, NEOM has issued the second convertible debenture in the amount of $450,000 under an agreement from June 28, 2011. Under that agreement NEOM should issue three such debentures in the total amount of $1.05 million. Investors must have already considered the higher dilution risks of NEOM, but the stock may still react to the volume alert from yesterday evening.
