Billionaire Tech genius must know something!

By doncroc, March 21, 2012

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

Recent SEC report shows a 10% holding in Neomedia (Neom.OB) by a man whose resume can be found at http://www.google.com/search?client=safari&rls=10_6_8&q=Patrick%20Soon-Shiong&ie=UTF-8&oe=UTF-8 . Stock has been trading 200 million shares plus for many days now and the price has wavered from .01 to .06 (Currently .033) If you can find a more impressive resume than Patrick Soon-Shiong i would be surprised. Any thoughts?

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2 Comments on " Billionaire Tech genius must know something!"

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streetstylz
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streetstylz
March 21, 2012 9:03 pm

NeoMedia has over fifty issued and pending patent applications related to a wide range of mobile territory; from using a mobile phone’s camera to retrieve information from 1D and 2D barcodes, to RFID chips, to NFC and more. NeoMedia currently licenses their patents to eBay, Neustar, Scanbuy and others.

Travis Johnson, Stock Gumshoe
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March 22, 2012 12:11 pm
It’s a promoted penny stock, which almost always ends badly for investors — though some traders can nimbly squeak some gains out of them. Soon-Shiong is a billionaire philanthropist (he used to be a biotech researcher and executive, co-developer of Abraxane) and I suppose it’s possible that one of his venture firms or foundations bought some shares of NeoMedia (I haven’t checked the accuracy of that), but do note that, if so, it’s unlikely that he would have any expertise on this particular company or that he would care about a few million dollars that was invested in this stock.… Read more »
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