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Yep, 10 million shares got out in 2 trades ...
... at 3:46 PM at $0.0033 , dumping below the best bid to get out.
I think we've got an Inverted Hammer on the day, and after 12 days or so of decline.
The Inverted Hammer looks exactly like a Shooting Star, but
forms after a decline or downtrend. Inverted Hammers represent
a potential trend reversal or support levels. After a decline,
the long upper shadow indicates buying pressure during the
session. However, the bulls were not able to sustain this
buying pressure and prices closed well off of their highs to
create the long upper shadow. Because of this failure, bullish
confirmation is required before action. An Inverted Hammer
followed by a gap up or long white candlestick with heavy
volume could act as bullish confirmation.
So , it will be interesting to see what tomorrow brings.
Too bad it's not bringing a conference call like Iain originally said would be held in August. Our new CEO got some early practice ... at lying? Already? Thanks Iain.
"Iain thanked me and then remembered one of the questions on the list that I had forgotten! He said, I read the blog and all the comments and please tell your readers, “the next shareholder call is in August”."
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
And more suckers(?) get reeled in ....(edited)
.... for YAGI to dump on them.
Thank you Chuck, Chas, Bill, JJ, Chip, Frank & Iain, this is an absolutely delightful arrangement you have worked out over time for the common shareholders who used to own this public company.
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
Interesting point.
Yep , total volume 7/29 thru 8/12 = 665,718.
Amazing that half of that volume would be short covering , but that's certainly the case.
Closing price on 7/28 was 7.03 and close on 8/12 was 7.17 , not much of a push upwards , although there was one day with higher trade prices as I noted in my earlier post.
I suppose a blockbuster-news driven runup in price might get more exciting?
jonesie
"Which friendly face ...."
I suppose Yorkville might keep selling and mess it up. Maybe they will let it go up further. Probably take some news though , it took the NeoReader/iPhone and $$Loan$$ news to help them get it up to .01.
SHORT INTEREST AS OF TRADE DATE 8/12/08
Short Interest for TIV as of Trade Date 8/12/08:
3,578,462 shares
Short interest was down 328,749 shares during the most recent reporting period. This period covers trading from 7/29 through 8/12 , during which time TIV saw an intraday low of $6.26 and an intraday high of $7.45.
Month-----ShrsShort---- % Change
---------------------------------
Aug 2008 - 3,578,462 ----- (-8.41%)
Jul 2008 - 3,907,211 ----- (-4.45%)
Jul 2008 - 4,089,234 ----- +59.96%
Jun 2008 - 2,556,428 ------ +9.99%
Jun 2008 - 2,324,030 ------ +1.21%
May 2008 - 2,296,132 ----- (-1.90%)
May 2008 - 2,340,630 ------ +0.86%
Apr 2008 - 2,320,625 ----- (-1.61%)
Apr 2008 - 2,358,507 ----- (-1.16%)
Mar 2008 - 2,386,251 ----- (-0.30%)
Mar 2008 - 2,393,494 ----- (-0.37%)
Feb 2008 - 2,402,283 ----- (-0.43%)
Feb 2008 - 2,412,708 ----- (-0.17%)
Jan 2008 - 2,416,782 ------ +1.88%
Jan 2008 - 2,372,266 ----- (-0.40%)
Dec 2007 - 2,381,745 ------ +0.02%
Dec 2007 - 2,381,262 ----- (-0.02%)
Nov 2007 - 2,381,837 ----- (-0.83%)
Nov 2007 - 2,401,841 ----- (-3.97%)
Oct 2007 - 2,501,137 ------ +0.71%
Oct 2007 - 2,483,500 ----- (-0.30%)
Sep 2007 - 2,490,932 ----- (-0.84%)
Sep 2007 - 2,511,943 ----- (-0.56%)
Aug 2007 - 2,526,079 ----- (-3.35%)
Jul 2007 - 2,613,736 ----- (-4.92%)
Jun 2007 - 2,749,037 ----- (-0.42%)
May 2007 - 2,760,565 ----- (-0.39%)
Apr 2007 - 2,771,400 ------ +1.82%
Mar 2007 - 2,721,853 ----- (-0.57%)
Feb 2007 - 2,737,463 ------ +1.64%
Jan 2007 - 2,693,334 ----- (-2.77%)
Dec 2006 - 2,770,185 ----- (-1.5%)
Nov 2006 - 2,811,009 ---- (-11.9%)
Oct 2006 - 3,192,293 ---- (-2.27%)
Sep 2006 - 3,266,297 ----- +0.09%
Aug 2006 - 3,263,093 ---- (-5.04%)
Jul 2006 -- 3,436,104 ---- (-17.3%)
Jun 2006 - 4,156,544 ---- +13.87%
May 2006- 3,650,143 ------ +1.83%
Apr 2006 - 3,584,379 ----- (-5.41%)
Mar 2006 - 3,789,445 ----- (-4.23%)
Feb 2006 - 3,956,897 ----- (-3.56%)
Jan 2006 - 4,102,837 ------ +3.86%
Dec 2005 - 3,950,446 ----- (-1.88%)
Nov 2005 - 4,025,937 ------ +5.01%
Oct 2005 - 3,833,789 ------ +1.39%
Sep 2005 - 3,781,376 ------ +9.56%
Aug 2005 - 3,451,421 ----- +24.25%
Jul 2005 - 2,777,900 ----- +39.66%
Jun 2005 - 1,989,039 ----- +20.65%
May 2005 - 1,648,631 ----- +40.68%
Apr 2005 - 1,171,931 ---- +113.52%
Mar 2005 --- 548,854 ----- +86.95%
Feb 2005 --- 293,590 ---- +327.46%
Jan 2005 ---- 68,682 ----- +96.67%
Dec 2004 ---- 34,923 ----- +37.38%
Nov 2004 ---- 25,421 ----- +10.40%
Oct 2004 ---- 23,027 ---- +408.66%
Sep 2004 ----- 4,527 ---- (-59.68%)
Aug 2004 ---- 11,227 ---- +132.59%
Jul 2004 ----- 4,827 ---- (-31.31%)
Jun 2004 ----- 7,027 ----- +55.22%
May 2004 ----- 4,527 ------ TWBFTS-
Apr 2004 ----- 4,527 ---- (-94.73%)
Mar 2004 ---- 85,881 ---- (-13.21%)
Feb 2004 ---- 98,951 ---- (-00.88%)
Jan 2004 ---- 99,833 ----- +00.89%
Dec 2003 ---- 98,951 ---- (-18.30%)
I didn't mean to jinx it.
In fact, I think the mere mention of jinxing it on Friday makes it not my fault.
We're still in a bit of an uptrend if one draws a line between the 3 recent spike-lows , including today's bottom. Barely.
jonesie
The chart looks a little like August 11 ...
... a nice long green candle the 2nd day after a short-term bottom ... and just before crashing down to the next level.
Maybe this will be different , we're Day 3 here after bouncing off a somewhat lower short-term bottom.
Good luck to us!
jonesie
I guess not everyone ....
.... got the 'K&L Alert' lol
Not much in the way of "assessment of risks" seems to have ever gone on with respect to NeoMedia's financings or acquisitions.
Thanks for posting, clawmann.
jonesie
I'm not the toxic financing expert by any means ....
.... the original purpose of this board was simply to show what generally happens to the share prices of companies who obtain this type of financing.
Whether what happens to them happens because they must be 'troubled' to need this kind of financing to begin with , or because the 'toxic' financing makes them 'more troubled' , or both , is immaterial IMHO because the warning is clear: if a company obtains this kind of financing , 90%+ of the time they are probably not a good long term investment , based purely on the data shown in the iBox.
That having been said , let me take a stab at answering your first question:
Let's say financier abc loans $10,000,000 to company xyz.
In return abc gets some sort of convertible debenture which allows abc at some point in time to buy shares from the company at a discount (shares which the company will print/issue upon demand , and which will add to the outstanding share count).
This discount can be anywhere between 3% and 50%+ off an average of a 10- or 20-day VWAP or off the lowest closing bid price over the last 30 days , whatever abc wrote in the terms and xyz accepted ... simply , a discount off a future current price.
abc also gets some pretty good fees up front , often 10% and more of the principal amount taken right back by abc as structuring fees , due diligence fees , monitoring fees , etc. , but the principal remains the same , the original amount.
abc also gets interest on the principal amount , 8% to 15% per year and higher , often with default terms which can escalate that higher.
Now , if the company's PPS goes up , everybody wins , and abc converts/buys shares at a discount to market and sells them at a profit , on top of the interest and on top of the up-front fees.
If the company's PPS goes down , abc wins , they still can convert/buy shares at a discount to market and sell them at a profit , on top of ... etc. Just the xyz shareholders lose.
Now if abc is in a bit more of a hurry , I suppose abc could short the stock somehow , directly if it's allowed in the terms of the agreement (it often IS allowed) or indirectly perhaps , I dunno , and maybe they never ever do ....
So they could short , oh , pick a number , $10MM worth of shares at an average of $1.00 per share just for example , a nice round number. That's 10MM shares shorted, and $10MM in abc's bank.
The troubled company's share price starts tanking , people get worried about the toxic financing , all the reasons xyz had to get this sort of financing (no profit? no revenues? no product? high salaries/perks/consulting agreements for friends?) are still there and they kick in with a vengeance and the PPS just goes down. Lots of times during the course of this scenario the company needs more money and takes more loans and there's more dilution and more worries and more debt and it just gets worse and worse.
abc can be converting/selling shares all the way down I suppose , recouping portions of the investment , maybe even recouping the entire $10MM , which would give them a profit right there of the $1MM structuring/monitoring/DD fees they kept out of the $10MM , and depending on how long they were charging interest maybe they got another $1MM , for a 20% return?
And at some point abc has to replace those 10MM shares they shorted and at a PPS of .10 per share that will only cost them $1MM out of the $10MM they banked on the initial short , so they have another $9MM left in the bank on the deal.
So , is that maybe $11MM in profits over and above a $10MM 'loan'?
Or , maybe since they kept the $1MM in fees to begin with , it's just $10MM of profits over and above a $9MM loan?
I'm sure there are details / certain restrictions / etc which make some or all of the above not a workable scenario , like I said ... just a stab at it.
jonesie
Try this way:
Just go here:
http://www.archive.org/web/web.php
Then put this in the search field:
http://www.cornellcapital.com/
This has always been an interesting link to follow.
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
She might be thinking of ....
.... Al Refkin being a member of the advisory board of US Business Finance , a business financing company which claims Chas Fritz as having been a long time 'member of the team'.
Chas there:
http://www.usbusinessfinance.com/partners.html
And here , which says Chas is also the Founder and Chairman of the Board of US Business Finance.
http://www.usbusinessfinance.com/fritz.html
Is it odd that NeoMedia would pay Al Refkin so much as a 'consultant' when Chas could have put NeoMedia directly into contact with Cornell himself?
From US Business Finance: "Once we understand the basics of your deal, we will target and contact the lenders that most closely match your borrowing requirements. The goal of this initial contact is to find a lender willing to issue a Letter of Interest (LOI)to fund your deal."
Al Refkin there 'in the past' , don't know about 'now'.
http://usbusinessfinance.com/refkin.html" target="_blank">http://web.archive.org/web/20040903165710/http://usbusinessfinance.com/refkin.html
"The US Business Finance Team
Alan Refkin, Advisory Board
Refkin began his securities career in 1976. He was employed at Oppenheimer & Co where he concentrated on structured finance and special projects, working with a variety of institutional and corporate clients in establishing and attaining transactional goals.
Refkin was recruited in 1983 by Drexel Burnham Lambert where he was employed as a Senior Vice President. During this period he rapidly expanded the quantity and scope of his transactions directing a group of 16 professionals within “The Refkin Group”. Expanding from a domestic to global focus, Refkin focused on mergers and acquisitions and debt and equity financing. Refkin directed the group until his retirement in 1988.
Refkin is currently a Managing Director of Thornhill Capital, a consulting firm providing global advisory services to corporate and institutional clients in the areas of both debt and equity financings, mergers and acquisitions, strategic partnering and restructuring / recapitalizations. Refkin has extensive strategic and financial relationships in Europe, Asia and Latin America facilitating mergers, global joint ventures and financing arrangements for his clients."
JMO -jonesie
Motley Fool has TIV in a "10 Stocks Under Attack" list
I've excerpted a bit of it here, worth a read all the way through. A couple of them have 'high' CAPS ratings because members think their short woes are short term. TIV's CAPS rating in this article is 1 out of a possible 5.
jonesie
http://www.fool.com/investing/small-cap/2008/08/25/10-stocks-under-attack.aspx
10 Stocks Under Attack
By Rich Duprey
August 25, 2008
Since everyone loves a winner, it's reasonable to assume that everyone hates a loser -- everyone but short sellers, at least. These contrarian investors bet that hot stocks are primed to fall, aiming to turn their pessimism into potential profits.
This week, let's look at companies on the American Stock Exchange with the largest proportions of shares sold short among their float. Combining that with the collective intelligence of Motley Fool CAPS, we'll see which of these firms Fools believe have the power to make short work of short sellers.
Of course, this isn't a list of stocks to buy -- or short! These stocks could have serious problems that warrant their short interest, but they might also be stricken by short-term troubles. Only Foolish due diligence will tell you for certain, and for that, our 115,000-strong CAPS community offers a good place to start.
Thanks BE , was afraid of that.
Doggone it.
Perhaps.
Have a good day, beam.
jonesie
Didn't we already go through ....
.... the BREW process with qode?
If we did, I guess it's just not 'transferable'?
jonesie
"I think you missed the point about the recent issue Claw raised"
I stand by my remark.
"clawmann has been the one and only person I've seen to raise these issues on the board consistently and clearly and he's done a great job."
"Are you ....?"
Yes. I'm not at liberty to discuss.
So , what about AR being on the board of NEOM and YAGI at the same time? Or on YAGI's at all? Link please.
Have a good day.
jonesie
"I have no idea"
Sent you a PM on that.
"Regarding the 10 year old research on CC, other hedge funds, preferred financing, SEC reviews, etc, I am sure you have crossed the path of some of the same research several times in all of you investigations of CC."
Yep , way ahead of you on that.
"I shared all the research information I accumulated over a period of time to the board"
Don't remember seeing anything concrete , saw lots of allusions though , links to the concrete parts?
"Suggest you try a search - SEC reviews, investigations, Cornell. It is out there. I am confident you will find it."
Already did , was just curious if you had anything concrete to add.
"he (clawmann) has raised some issues regarding the legalities of the excess voting rights extended to Cornell, in voting in the 5 bil. addl."
clawmann has been the one and only person I've seen to raise these issues on the board consistently and clearly and he's done a great job.
"Still think you ought to put AR and a photo on your Cornell tracking chart."
We already talked about this. Perhaps you could provide a custom tracking chart including the players you would like to see photos of , including AR , for whom I have no photo lol.
""The Agent", sucks in the deals, as you probably know by now"
Yep , know that.
"in fact, I think AR sat on the board of both Cornell and NEOM, sometime in the past"
Excellent example of where a link to some published facts would be helpful as opposed to unsubstantiated speculation. You could be correct, but without substantiation .....
"Do some good. You may be able to help another small company"
Not interested in helping small companies , not at all. Interested in helping small investors. All of my efforts / data collection / analysis / filings summaries / posting it publicly and clearly and accessably for the benefit of all has been to benefit the small investor. Plenty of folks out there apparently eager to help a small company like NeoMedia , or at least 'help' an unnecessarily prolonged belief in their actual viability , in many and varied ways.
jonesie
Ask someone to ask your questions ....
.... who has always been guaranteed 5 minutes or so during the CC to thank management & friends and praise them for ... nothing.
Also , consider giving us a summary analysis of "the old SEC investigations of Cornell in prior years, in which this issue was the primary issue of those SEC reviews". If that would be too much trouble , perhaps a link or two to information on those investigations.
Just a suggestion.
jonesie
Green is good!
Interesting that 2 of the smallest trades of the day closed us at .004.
But I'm not looking a Gift Tape Painter in the mouth!
jonesie
WEEKLY CHART
Again , CMF all green , Acc/Dis in an uptrend , which means on a rolling average basis TIV closes closer to the HOD than the LOD , and asks are hit more than bids.
JMO -jonesie
DAILY CHART
At the risk of jinxing something
Check out the uptrend since early May.
And all the money flowing in as noted by CMF(20) and CMF(5).
Check out that Acc/Dis line.
jonesie
TOP INSTITUTIONAL & MUTUAL FUND HOLDERS
Many positions have been updated through 6/30/08 on the relevant Yahoo! page , with the rest being updated at least through 2/29/08. Updated table at the end of this post.
Top Institutional Holders up 25% since the Dec/Mar08 timeframe , from 1,829,037 to 2,280,564.
One new Institution in this category , DEUTSCHE BANK AKTIENGESELLSCHAFT.
Top Mutual Fund Holders up 2% since the Dec/Mar08 timeframe , from 761,855 to 774,004.
One new holder in this category , Northern Small Cap Index Fund.
Total net change: +18% increase in Holdings , with the overall total of 3,054,568 setting a new record.
With only a couple of the currently holding Mutual Funds being updated through 6/30/08 one might assume that these numbers do not include much , or any , of the shares which were purchased due to the Russell Reconstitution. The next significant updates of those Funds will be very interesting to see IMO.
jonesie
NOTICES TO DRILL, RE-WORK, ABANDON
0 notices for Tri-Valley for week ending 8/2/08
ftp://ftp.consrv.ca.gov/pub/oil/weekly_summary/2008/08-02-2008.pdf
0 notices for Tri-Valley for week ending 8/9/08
ftp://ftp.consrv.ca.gov/pub/oil/weekly_summary/2008/08-09-2008.pdf
0 notices for Tri-Valley for week ending 8/16/08
ftp://ftp.consrv.ca.gov/pub/oil/weekly_summary/2008/08-16-2008.pdf
Yes, heads and tails count
8/4 was not a true gap, but August 1 was.
SHORT TERM CHART
Halpa-Halli
Kokkolan Halpa-Halli Oy is a privately owned chain of stores. The company was formed in 1969 and has 34 stores in 33 locations. The northernmost store is located in Keminmaa and the southernmost in Pirkanmaa. The stores are complete department stores and the assortment includes textiles for the entire family, household goods, toiletries and foods. The business idea is to sell keep all prices lower than the recommended price and service is an important part of the trade. In Halpa-Halli, there are also shop assistants in the various departments. There are over 1300 employees in the company.
http://www.hhnet.fi/index_uk.asp?main=3
Keminmaa is a municipality of Finland.
It is located in the province of Lapland. The municipality has a population of 8,889 (2003) and covers an area of 644.05 km² of which 17.37 km² is water. The population density is 14.2 inhabitants per km².
Pirkanmaa is a region (maakunta / landskap) of Finland. It borders on the regions of Satakunta, Tavastia Proper, Päijänne Tavastia, Southern Ostrobothnia and Central Finland.
(Well, it's cool to be on a Visa card, and it would be pretty exciting, I guess, if this was a NeoMedia win. Then again, it sounds kind of like a NeoMedia PR in that it a deal with something small in a small out of the way place ... at least from my Ugly American perspective lol - jonesie)
That's what I was seeing ...
... the IHUB trades screen is showing more , and the difference is less than the total of the After Hours trades.
Oh well.
jonesie
Last 80 trades or so
.0035 in After Hours
Some fair sized trades , relative to the day's trades anyway.
Hmm, IHUB's 'trades' screen shows more volume than I'm showing elsewhere , what kind of total volume for the day is anyone else seeing?
Good point.
Being proactive:
"Hey I really hate this .0031 share price, we really need something close to .03 and pronto!"
Let's see if that works as well. ;)
jonesie
Well good , we're finally going to have one ...
... even though the CC promised for August has been pushed out into September. (That will teach bloggers not to be so hasty repeating the comments of CEO's of publicly traded companies. IMO bloggers should be careful bordering on paranoid when it comes to promoting public companies.)
Good news: Terry Griffin is still on board.
Bad news: NeoMedia gave themselves another month before deigning to say anything directly to shareholders.
Confusing statement: "announced the third quarter shareholders' conference call". Shouldn't this be called the 2008 conference call since we seem to be on an annual basis now?
Note to self: "This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and
uncertainties. Actual results could differ materially from those expressed in any forward-looking statement."
I truly hope the 'actual results' of simply hosting a conference call on an announced date won't "differ materially".
Next report will be published on 8/26 ...
... and will cover trading through 8/12.
We'll see what happens! Amazing that the short interest is back at 4MM.
jonesie
NeoMedia hasn't said anything about ....
.... Bertelsmann , Arnold Worldwide , Euro RSGC since 2005 & 2006 , have they?
Most (all?) of the quotes are by Chuck Jensen , our 'go to guy' for getting us locked into great long term profitable relationships.
Do we have any reason to believe that "working with" is still in the present tense , or did all of this die on the vine like all of the other 'relationships'?
The only current name on your list is WPP. Does Ogilvy having used a NEOM-generated 2D code during one cocktail party qualify us as "working with" WPP?
"OgilvyOne Worldwide is a unit of The Ogilvy Group, which is part of WPP Group plc"
Is this game like 7 Steps To Kevin Bacon?
I wish it worked that way, if it did it would mean we're "working with" Microsoft , Yahoo , Google , Warren Buffet , GM , BMW , OPEC , Wal-Mart , Chevron , Exxon Mobil , ING Group , Royal Dutch Shell , Total , BP , Toyota , ConocoPhillips , etc.
They've got tens of thousands of offices across the globe.
I can't imagine why the PPS won't hit $2 today once this word gets out.
;)
jonesie
"Anyone know the lowest warrant exercise price for sure?"
I don't , perhaps someone else does , don't they get continually re-priced downwards with each new financing? Or perhaps I'm exaggerating that , maybe it hasn't happened every time.
In taking a quick look for the answer to your question , I did find something interesting which I don't believe I have seen before , or perhaps I just never noticed it before.
The below is quoted from the most recent 10-Q in which is found that table showing all the shares YA's various instruments could be converted into as of 6/30 , when the share price was .003.
(The easiest way to see this table is to go to the 10-Q and go down to Page 16 and view the Table prefaced with "The following table reflects the number of common shares into which the convertible instruments and warrants are convertible or exercisable at June 30, 2008:"
That's the "23 Billion shares" table btw.
http://www.sec.gov/Archives/edgar/data/1022701/000114420408047380/v123671_10q.htm
Check out the bolded section:
The terms of the embedded conversion features in the convertible instruments presented above provide for variable conversion rates that are indexed to our trading common stock price. As a result, the number of indexed shares is subject to continuous fluctuation. For presentation purposes, the number of shares of common stock into which the embedded conversion feature in the Series C convertible stock was convertible as of June 30, 2008 was calculated as the face value plus assumed dividends (if declared), divided by 97% of the lowest closing bid price for the 30 trading days preceding June 30, 2008. The number of shares of common stock into which the embedded conversion feature in the convertible debentures was convertible as of June 30, 2008 was calculated as the face value of each instrument divided by the lower of $0.01 or 50% of the average closing market price of our common stock for the 10 days prior to June 30, 2008.
Wow , 50% discount to a 10-day VWAP? Is that for real? Is that how they started off? If not , what triggers / triggered that? Some default or other? Am I reading that wrong?
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
120MM is just the 2Q08 and July conversions.
That entire list goes back quite a ways.
jonesie
I would imagine they convert/sell ...
... in close proximity, or maybe in practically one move, sort of like a cashless exercise of options/selling transaction.
I posted something the other day --
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31562485
-- saying that if the trading volume supported it , YA could convert/sell around 58.8 Million shares per day , or any number under that , and stay out of 5% filing territory. (Obviously they're not doing that many as a daily average.)
And NEOM would PR YA's conversions for our benefit?
;)
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
Do the 100,000,000 shares ...
... YA got from converting Series C Preferred and sold in 2Q count?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31471839&txt2find=
Or the 20,000,000 in July?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31471934&txt2find=
All of those were convertible at discounts to market prices.
Not sure they need to fool with any warrants right now.
YA is selling, that's for sure. I doubt they sell for a loss.
JMO
jonesie
"when jonesie says YA has billions ...
... of shares to print and to sell"
It's actually the company who says that.
http://www.sec.gov/Archives/edgar/data/1022701/000114420408047380/v123671_10q.htm
But I guess I do bring it a little more front and center.
jonesie
There's stuff dating back to July 2004
http://www.sec.gov/Archives/edgar/data/1129284/000114420404009713/v04436_sb2.txt
After hours dump too ...
... I wondered where the extra volume came from.
(In spite of the fact that I've been told otcbb's don't trade after hours LOL)