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Friday, May 16, 2008 9:21:52 AM
That 9.6 billion shares fully diluted was as of 3/31/08 when we had a PPS of .008.
I might not have this perfectly correct but from the 10-Q it appears Yorkville had warrants and conversion rights totaling 8,426,025,000 shares at that .008 PPS.
I think it's possible that all of these are convertible at something like 97% of an average of trading price close to the time they convert , so as the PPS continues to fall they have rights to more and more shares.
I think what that means is that at a share price of .0028 where we closed yesterday , Yorkville could well have 'rights' to 24,074,357,142 billion shares.
That's 24 BILLION.
If NEOM could just get the share price up to .016 I think it could drop that fully diluted number down to under the 5B authorized.
I guess at this point it doesn't matter whether Yorkville has rights to 24 billion shares or 24 trillion shares, the market can't absorb them and they just have to keep dumping 10 million or so at a time until something changes.
What else can they do? Anyone? What's their best end-game scenario?
What's ours?
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
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