NeoMedia Technologies, Inc (NEOM)

[vero]

The authorized amount of shares is 7.5B
The debt is around $40-50 million
The actual conversion price of the "convertible" debt is 0.001 (it is lower but I will leave it there for simplicity).

Number of shares needed to convert $40 million dollars of debt is:

$40M / $0.001= 400,000,000,000 (400 Billion shares)

400 Billion shares is 53 times the current amount of authorized shares.

After looking at these numbers, the question of how many outstanding shares are there becomes irrelevant. YA has diluted recklessly for years and nothing indicates they will stop.

Save your money, stay away from this stock.