Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
So who bought a billion shares? Isn't a filing overdue or something?
Don't have the time right now, will check it as sson as I can, but if you're right then this is it and we've finally made it. The volume agrees with you. THANK YOU.
I'm also pretty sure Neomedia is done borrowing. And that's why I believe they're strong enough to climb out of this hole by themselves. We've given them enough rope :) GLTU
We both know the only positive news to accompany the R/S is the exit of YA. Once this happens they can split or resplit as much as they want - I don't care. Neomedia has had six months of fantastic news guiding us safely to a rock bottom pps.
Thanks, I know that. And I guess we all know why the value of my holdings has decreased by...uh... yeah that's right... 99% since then. If you read my post you'll find the word possibly before 100x, clearly indicating that I anticipate another gradual decline down to where we're at right now after the R/S.
EDIT: I find it very interesting that my post was deleted.
What would happen if everybody stopped buying?
Yeah I missed that. Let's hope she's speaking for Neomedia. I couldn't care less about her general appreciation of the overall market :) But what do I know about what she knows... Blue horseshoe loves Anacott Steel HAHAHAAH!!!
Just read the article. Naming Visa and Chase right after Progressive (a deal signed less than a month ago) is bold either way. Let's hope they'll come aboard. Visa is as dynamic and global as it gets.
What I don't get is why she's not trying harder to explain Neomedia's complex financial situation to the average investor. Hiding behind the legally required 'Ks' and 'Qs' is not enough. Sure, it can be expected OTC pink players know they're crazy and will do their DD and so forth, but she made it clear that shareholders are expected to help pay down the debt. Many people 'helping' Neomedia have no idea what they're getting themselves into. A few of the optimistic posts yesterday made me cringe. A lot more people will learn about dilution in the days to come and those who know about it have no idea what's around the corner this time. Is this cynicism, calculation or incompetence?
The minute they're announcing the R/S (after all the forward looking statements of the past six months) I'm on my way to the airport. I like rwandrw's suggestion but at that point an email won't quite express my feelings.
Thanks. They're usual suspects. Send them this, too :)
http://www.hotstockmarket.com/t/46436/does-vfin-always-mean-dilution
Thank you very much. YA adding to their amount of convertible shares is a very good sign regarding the health of Neomedia imo. Still a R/S would make me throw up and I don't want to be Laura's email account if they go through with that (Neomedia's call or not).
Yes, "forgive" wasn't in the notice. I don't know where I picked it up.
If Neomedia had cut down early and FOCUSED they'd be debt free by now. This is one of the rare cases where the product is stronger than several generations of (piss-poor) management. Indestructible this thing :) I do believe, though, Laura knows what she's doing.
Pop, I've read your take on the warrant canceling yesterday. You suggest the remaining 500 warrants are worth more to YA now and hinted at a looming R/S. Laura used the term "forgive" in her statement, but you seemed to have a problem with that. You wrote the reason for the whole operation was that YA considers a shareprice of .15 unrealistic and that's why they made the change. Isn't there the possibility Neomedia convinced YA to make the change so Neomedia can AVOID the R/S?
I consider the debt restructuring and the "forgiving" of the warrants a definite sign, but I'm not sure for what. I have neither the corporate experience nor sufficient knowledge of financial instruments to derive a clear judgement on the state of play. I'd be glad to hear your ideas on possible implications (and not just the bleakest one:)) TIA
(PS: I certainly agree with "YA didn't sprout angel wings")
Only investors who didn't or don't know about Neomedia's finacnial situation consider a MSFT deal a marker. For the rest the goal has always been the pay-off of YA and consequently the end of dilution. Deals with MSFT could then bring the pps to unprecedented levels. Since we reversed the order we can expect a very steep climb once YA is out of the picture. I'm just worried about the massive amount of shares in the market. Often companies somehow manage to scew over SH in a situation like this.
Yes! Soon-Shiong is out getting the bigger shovel!
I think the volume of the past two weeks is unprecedented. Sooner or later someone's got to file something... LOL
and anticipate this trend to continue
Who bought a billion shares in the past 2 weeks?! That's what I want to know.
Thanks for the Neom article (hadn't seen it yet)
MSFT Windows is running on Dell machines. MSFT has a lot of interest in a healthy Dell. It sounds like a no-brainer to help Dell out here.
It soon will be, if it isn't already :) We are very close to a BILLION shares traded in two weeks. Is Soon-Shiong forcing the R/S, trying to flush out everybody so he can buy the remaining 100 BILLION shares? LOL! WTF is going on?
You got a link to that? I hope he's the big buyer here, because he won't sell once this baby takes off, adding anohter AFTERBURNER!!!
So you are sure he is still holding? If he's the one buying right now when will we see him issue an update filing on his holdings? TIA
Craziest after brekfast volume ever. Where is this going?
The forgiving of the warrants tells me they're working on getting this done without a R/S.
No 8K necessary to state the end of dilution. We will KNOW when it's ended. But in order to calculate that date we need to know the conversion price as well as current debt. We need the 10K.
Happy are those who bought yesterday and those who see this company rise out of hades.
After lunch nitro. Nice.
Thanks. Why do you think they would forgive. Did they get cash in exchange. Does it have to do with the SEC suit?
What 500M number do you mean?
Restructuring not reduction.
Does anyone have an idea what possible consequences the canceling of the warrants will have for the pps ot the company in general? Poptech wrote it gets rid of nearly 10M in debt, but I would like to know how YA handled the warrants in the past and how Neomedia achieved canceling them. I know Poptech has written his 15 posts today so I'd be glad if anyone else knows about this. TIA.
Maybe Laura had your definition in mind after all. Sure looks like it.
That would be me. I'm the vanguard of that faction.
I'm not sure I get your semantics, but Laura made it clear today that the bridge loan was the only debt they've taken on in the last six months.
“We have not required any funding since September 2012, given the success of our 2D Core and IP licensing businesses"
They had more than a million in cash at that time. That's enough for four months. Then came the Progressive deal. One of these deals runs the company for at least a quarter imo, so borrowing shouldn't be on the agenda, but that doesn't say SS is achieved or explain how they actually calculate it. I mean Neomedia has borrowed once since July 2012 and paid back that loan almost immediately as well as 500K in old debt and I'm pretty sure they won't borrow until July 2013. Some people would call a year with no new borrowing and debt reduction self-sufficient. This company works imo.
What I like most is that Laura's actions seem to be directly responding to our criticism. An early notice of debt restructuring as well as a comment on no new loans of any kind. Wow.
This going to be a 150M shares day. Resplit getting mora and more likely. I wonder how they are going to sell this to investors though.
There's no way they can dilute for another year. I don't know the conversion price at this point but Someone's beens trading 700M+ shares over the past 10 days. That's a lot of money for Neomedia. It might very well be that the announcement to push the maturity date allows Neomedia to keep the original one :) I've always said Laura was an excellent psychologist.
According to Laura they can't. The 'Q' is supposed to be the only vehicle. What's your legal stand on this?
We don't know if Neomedia has borrowed, but we know they haven't given out any more Convertible Debentures and that's what matters most. As I've written before I don't think they'll ever borrow this way again. So debt is going down every day. The 10Q should be quite something.
I personally believe this restructuring was rather a response to shareholder anger than anything else. Last year they didn't give a flying f*** about letting investors know what was going to happen past summer. It's above all a change in culture imo.
EDIT: Just read the official news. They haven't borrowed anything since september.
Strange thing is it doesn't really matter. Someone is selling and buying like hell.
You're suggesting Neomedia's started buying shares back. That's what Greece did with its worthless bonds. Does that make any sense compared to just paying off the debt? Or how do you suggest Neomedia "accelerates" conversion?