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Question, I am not that good with share conversion. If I had 500,000 shares what will I have now?
Thank you.
I am so not pleased with NeoMedia Technologies, Inc. c/o Worldwide Stock Transfer, LLC
Ph: 201-820-2008 Fax: 201-820-2010
They claim that Broadridge the transfer agent sent all documents to eTrade. eTrade said they did not. I called Worldwide Stock Transfer and they are making so many excuses. They are all full of CRAP.
Please check this link out:
http://data.cnbc.com/quotes/NEOM/tab/8
Apax Partners owns 88 Million Shares and Yorkville 36.3 Million Shares. Even McCready owns 12.8 Million Shares. I highly doubt that Apax is in it to loose everything. I wonder how they will vote. Also there were 139,480,942 Buyers and 88,279,394 Sellers today.
There was a time when Redstone companies did not operate well. What I am saying is his owership stake. He just can't do anything without the other shareholders approval even with a majority. Ted Turner with a Majority still had to ask permission from minority shareholders TimeWarner and TCI. My point is: we are not worthless every share matters.
Even Summer Redstone has to do right by his shareholders and he owns way more then 55%.
Not to sound Pessimistic in nature, wouldn't and SEC investigation destroy this company and our value in seconds? Sometimes I read some of the statements (and not your statement) and feel as if some individuals are trying to gain something by added fear on top of everything else. This company does owe us answers. Would this make sense: If I was a competitor or Ya I would drive down the price and buy cheep waiting to it to rebound in value after the BIG announcement.
I will be doing this too.
I am thinking of buying even more!
Hope for all:
http://legalworkshop.org/2009/11/20/internal-poison-pills-managing-the-governance-tension-between-majority-and-minority-shareholders-with-a-novel-financial-instrument
Thus far, corporate law has dealt with the majority-minority governance problem, as it appears in the merger context, through a troika of regulatory policies. First, under federal securities law, firms undergoing a freezeout merger must disclose detailed financial information to all shareholders. Second, freezeout mergers are subject to judicial review (often in Delaware) to determine whether the firm’s directors or controlling shareholders have breached a fiduciary obligation to the minority owners. And third, dissenting shareholders may have the right to file an appraisal claim, which theoretically ensures—again through a judicial proceeding—that minority owners receive fair value for their shares. In a perfect world, these protections should act in concert to get the balance right.
Even if they do get majority of votes they still have to make an offer that is comparable to the value of the share.
Please go there guys. I am going to read this page in depth.
I did not mean to lecture you and if I can across that way, I am truly sorry. I want the best in anything I invest in no matter the dollar amount is. Before I speak with anger I try to rationalize and I think before my anger speaks for me. Conveying the correct message.
neomfriend - ouch
I have only been a shareholder with Neo for 2 day. It may not have been a long time, but I have looked at this company for several months. I only own a mire 50,000 shares. I may buy another 400,000 shares if I see a positive reaction. The philosophy buy low sell high doesn't always justify my reason. I do see a light at the end. To get there we have to stop speaking as though we are going to revolt. Thats why poison pills were made to stop shareholders from owning a controlling stake. I need to ask you neofriend (I love the name, very catchy) 1. Does Neo have a poison pill? 2. Should that be in acted if a company owns more that a certain percentage. If so then you may have a case on blocking this issuance of shares do to the in acted poison pill the company may have.
Phoenix69 - double ouch
"The great math challanged American public. People here seem to have, amazingly, no idea what a reverse split actually means. It changes nothing, but the respectability of the stock. Maybe a temporary downdraft, but what have we had here for years?? Up and down. Let's get the investors who made it past highschool remedial math into this stock. "
I don't know if that comment is in reference to me or not nor will I loose too much sleep over it. Your anger is well understood as well as the frustration with Neo. You need to voice your opinion with them and not a forum. If I was the CEO and read half of this I would probably want to rid myself of troublesome shareholders through a buyback or filing bankruptcy. NOW, don't get me wrong I did not accuse you of being troublesome it is the outburst that has been going on. Do you think anyone interested in our shares would buy them after hearing all these comments. For the price to go up, the reputation needs to change, so must every person that has done this to you (The Shareholder). Now a real good CEO would not do what I said. He would listen to the shareholders and represent their best interest not his. The world we live in.
Is Ya a technology company or an investor. They are like you and I wanting their share of the pie. Whether their share is more or less then we expected is know longer the issue. I believe everyone thinks that Neo will be privatized. If Ya wanted to do this they could have long ago without dropping a dime. It could have forced Neo into bankruptcy and had all related patents given to them since they are a debt holder. I see more of a cash out by Ya. I maybe wrong. Think about it. Clear your head. Wouldn't you want to cash out on your investment sooner or later. This economy is in a financial crunch. Money is no longer given for pennies on the dollar. Companies must persuade for cash infusions. Right now Neo is burning rubber as per every other person on this board stating. Since you will no longer owe Ya then you can say to the big guys "We have no debt - would you like to invest". As I will state we are not prevalent to every word spoken in the room. Since you already bought the stock you must put the faith into it. I am going to ride this out. The old lotto saying "you'll never know" applies to this issue and every other you in counter in life. If you want certainty them have a savings account. No stock is certain. Do you remember GM? Who would have thought. Do you remember MCI? Do you remember Chrysler. These companies were part of our history and culture. Things do happen even though they shouldn't.
For a moment as I was reading your comment I remember Dynasty. codes4real I am hoping what you describe will not actually happen. I believe a board room coo is very 80's. I highly doubt any company wants a scandal. That kind of situation is negative to the image they want to maintain. Let's wait and see. Instead of feeling fear we can strengthen the overall company image by being less pessimistic and more optimistic. The person that stated they lost 80% of their value and is here for the long run is looking toward a future for this company and it's technology. The person that stated no company wants to get involved with a company that has on going litigation is totally incorrect. Many institutions are willing to forgo litigation as long as they see a suitable outcome such as the willingness to work things out and settle or knowing definitely that a companies case is indisputable. As long as they hold the patents to their technologies they are an unstoppable force to reckon with.
I agree with you hach1234, be patient. Good things come to those who wait. Hopefully.
Thank you for welcoming me. I have lost so much money in the past with companies such as Worldcom, Imclome and Enron. I have learned one thing from those past experiences. The stock market is very risky. I also know that some companies have done unethical practices. I also had some great experiences too. IBM, Sun, Cablevision to name a few. You will never know what will happen and what can happen with your investment. My only concern is the anger I am reading. It makes me weary of my investment in NeoMedia. I want to stay confident that this will pay off. I have a question for you to ponder. Is one share of Google at 600 dollars the same as 600 shares of Goggle at 1 dollar a piece? The only difference is the quantity of shares. Let's look at the Quality. I don't think a person with 1 share is treated any different than a person with 600 shares. In a company, every share holder and individual share counts. If 601 individual shares were saying no to a suggestion and a shareholder with 600 shares said yes, the 601 would win. The individual is not the one in power - it's the amount. If shareholders are concerned with the Board Members they can request a vote for replacing or reelecting them. Does anyone know if these Board Members are faithful in their stock purchases? Do they believe in this company as much as you and I do? If this negativity continues to grow it will scare other small investors instead of spreading the word - unless this is a tactic some are using so they could buy cheap. I ask that each one of us stay positive. It would hurt to experience another Imclome. I listened to news and all the bad press, now look. Lilly bought Imclome in 2006. Between the Martha Stewart scandal and the stories saying the FDA would not approval ERBITUX, I lost a lot of money. I sold all my shares out of fear. Do research, ask questions, show up to the meeting, call them on the phone, do something to bring a peace of mind to your worries.
I have read so much negativity about Ya Global, Yorkville Advisors and NeoMedia on this forum by so many angry and misadvised shareholders. I decided to research Yorkville and have noticed they are an Investment firm. I took notice to each company they have invested in and never once did I see a buy out happen. Even an investment firm would like to capitalize on the total investment they have placed into a company. I believe NeoMedia needs to do this transaction to simplify the balance sheet by removing a debt holder and replacing it as a shareholder. By removing this investment debt and replacing it with stock and doing a reversal of shares will allow the company to grow to the next level whether it is a merger, a takeover or a simpler balance sheet. NeoMedia like every other Pink sheet would like the same respect and investment value that every other Nasdaq company gets such as the big players. The only way to achieve this goal is to raise the share price, remove debt owed and find outside investment firms to fund this company's endeavors. Ask yourself this question: When Time Warner needs a billion dollars they simply can call any banker or investment firm on the planet. NeoMedia is a Penny Stock and can only turn to a small community of investment firms that in-turn must get funding from a bigger school of fish. These Big Fish will only provide this funding if they see a good company with a great standing to pay back the money they lent. To put this simply. Lawsuits are not cheap neither is competing as a guppy in a see of Sharks for that shrimp to eat. Now, I am no attorney to provide advice. As I have read company quotes over the last month they seem eager to propel this to the next level.