NeoMedia Technologies, Inc (NEOM)

[kokonutguy]

From the Oct 12, 2007 S-3 filing (most recent one):

On page 1.

Series C Convertible Preferred Stock

On February 17, 2006, we sold to Cornell Capital Partners 8% cumulative Series C convertible preferred stock with a face value of $22,000,000. At any time until February 17, 2009, the holders have the right to convert the preferred stock, in whole or in part, into NeoMedia common stock of at the then effective conversion price, which varies relative to the trading stock price, as follows: $0.50 per share, or 97% of the lowest closing bid price of the common stock for the 30 trading days immediately preceding the conversion date. The conversions are limited such that the holder cannot exceed 4.99% ownership.

In connection with the Series C convertible perefrered stock, we issued to Cornell Capital Partners warrants to purchase shares of our common stock as follows: 20,000,000 warrants with an exercise price of $0.50 per share, 25,000,000 warrants with an exercise price of $0.40 per share, and 30,000,000 warrants with an exercise price of $0.35 per share. The exercise prices of these warrants were subsequently repriced to $0.02 in connection with a convertible debenture financing in August 2007. All 75,000,000 shares of common stock underlying these warrants are being registered hereunder.

http://www.sec.gov/Archives/edgar/data/1022701/000114420407054024/v090020_s-3a.htm