NeoMedia Technologies, Inc (NEOM)

[Poptech]

phoenix: I see. I thought it was a suggestion that the restructuring documents don't have "split" in the language. My prediction was not about "that document." It had to do with "in the restructuring documents."

So, let me be clear, the restructuring documents, as defined by the 8K, include many clauses related to splits.

To suggest they do not misrepresents the intent of the documents, NeoMedia, and YA. It misrepresents the capability of YA to exercise its rights to demand a split from NeoMedia. YA may do so at any time and now NeoMedia has given them more time.

I have long said a split will not happen, but the new restructuring terms open the door to that possibility. YA added more shares to dilute with it and then gave themselves a longer time to do so.

I know you were a big proponent of the last split. The advantage to NeoMedia of such a split is the massive increase in the paydown of each converted share. Today, converting 2B shares will only provide NeoMedia a debt reduction of $2M. So raising the price per share is very beneficial to the goal of paying of YA. The downside is that the market tends to punish companies that do this (statistically, 75% of the time).

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