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Interesting, SOG ...
... seems like it would have been easier for Apple to have bought Mobot (who Neomedia previously owned and still has a stake in???? or did NEOM sell that?) for eleventy gorillion dollars. Or Apple could have started a bidding war for Mobot with Microsoft, Google and the Galactic Space Federation (making NEOM's stake in Mobot worth tons, does NEOM still have that?).
Wait ... real world, that doesn't always happen, Apple must not need Mobot.
jonesie
I always find it interesting ...
... when a portrayal of NEOM-relevant facts which fly in the face of differing interpretations or beliefs are labeled as 'anger' ... and in an angry way. There was nothing angry in my post at all, not one angry word, nor will there be in this one.
As it happens I have no reason at all to be 'angry' but rather I have been patiently consistent for what must be years now in my offering of facts-based and analyses-based alternate interpretations to a generally accepted "it's okay, we're okay, they're okay" pablum often masquerading as NEOM-related "DD". In FACT, my painstakingly developed and freely offered tables of scores (hundreds?) of other YAGI-clients' descent into .001 PPS territory were clear pointers to what would eventually transpire with NEOM's PPS.
As jeff pointed out my recent post on NEOM-related events was a humorous (thank you jeff) recounting of relevant facts and history, along with some speculation that NEOM history seems to be repeating itself with this company. Perhaps it's not. I'll believe it's not when something different actually happens.
If one chooses to believe otherwise I am not angry with them, nor will I attempt to persuade or debate. But I do exercise my freedom to state my facts-and-actions-based opinions regarding NeoMedia's 'progress' in an on-topic and non-attacking way whenever there are new 'events' such as the recent SEC filings.
Would that others adhere to the same rules of civility.
Best regards and best of luck,
jonesie
"Why take warrants if they r worthless or a lot less than is owed??"
The same thing was said about options issued at .10 and .25, and incentive options issued at .12 and .20 when the stock was at .03-.05. The thinking at the time was 'wow, the PPS is going to be in dimes again because someone in the know was happy getting those options'.
'course, that was years ago.
Nice links ...
Georgie 'turn around expert' O'Leary, BOD member
"1. All unvested non-qualified stock options which had been previously issued and previously not reportable now vest and become exercisable upon the occurrence of a qualifying Change in Control event, as a result of certain resolutions passed by the Issuer's Board of Directors (and Stock Option Committee) on April 29, 2009."
So, they couldn't bother having a SHM this spring like they said they would, but they could meet and help each other out with some rules changes.
Lovely Laura, BOD member
"1. All unvested non-qualified stock options which had been previously issued and previously not reportable, now vest and become exercisable upon the occurrence of a qualifying Change in Control event, as a result of certain resolutions passed by the Issuer's Board of Directors (and Stock Option Committee) on April 29, 2009."
JJ 'leaky' Keil, last of the original NEOM gamesters, BOD member
"1. All unvested non-qualified stock options which had been previously issued and previously not reportable, now vest and become exercisable upon the occurrence of a qualifying Change in Control event, as a result of certain resolutions passed by the Issuer's Board of Directors (and Stock Option Committee) on April 29, 2009."
He's still alive? How many Yorkville-connected companies does JJ get money from these days? Still on George/SKS's payroll? Hey, I saw JJ on Oxygen the other day, oops, I mean, on oxygen.
Michael Zima the new guy, (CFO?) yowza Zima, millions of options, you must be getting some big shareholder-friendly stuff done behind the scenes, like Frank 'Panera Bread' Pazera did. Wait ... hmmm. Hey Mike lives near me, hey Mike wanna come up to the lake this weekend? We usually have 10-20 cruisers rafted up in Cocktail Cove on Saturdays.
"1. All unvested non-qualified stock options which had been previously issued and previously not reportable, now vest and become exercisable upon the occurrence of a qualifying Change in Control event, as a result of certain resolutions passed by the Issuer's Board of Directors (and Stock Option Committee) on April 29, 2009."
And Iain, CEO in a long line of NEOM CEO's, preceded by Chip "I never saw an AT&T conference room 3 minutes away that you shouldn't like" Hoffman and Chas "I DESERVED that 4 1/2 million bucks for, well, something I'm sure!" Fritz, millions MORE options for Iain on top of the biggest CEO pay package ever doled out by Yorkvi, er, NEO, er, hmmm, by whoever buys shares from Yorkville on the open market at the highest price!
"1. All unvested non-qualified stock options which had been previously issued and previously not reportable, now vest and become exercisable upon the occurrence of a qualifying Change in Control event, as a result of certain resolutions passed by the Issuer's Board of Directors (and Stock Option Committee) on April 29, 2009."
Nice they found time to pass 'certain resolutions' but no time to have a legally required SHM. That's about as nice as using a paid blogger as a gray area newswire spreading gossip then deleting it.
Not much has changed in NEOM-land since the days of Chas cranking out the PRs while selling $4.5MM in stock right before the total crash and burn. (Did Mark Corleone make him an offer he couldn't refuse?) The plays may have changed a bit but it looks like the same old game of enriching these guys with the occasional spike in PPS keeping the retail juices flowing and pulling in new folks to buy high every so often.
Recent buy-highers are down what, 62% now? Wow, even in this lousy economy that's pretty bad. They have to be loving that and reminiscing fondly about that wall at .03 that was blown through, never to be seen again lol.
You know, NEOM has stopped pretending to actually offer a service or be able to run a payperclick campaign or host a Word Registry or really do anything at all except hope somebody licenses a patent, or that the entire world beats down their door to offer $$ for hundreds of billions of clicks on billions of cellphones. They're down to all they ever really needed all these years to get paid by dumping stock on the otcbb market one way or the other ... a CEO, a CFO and a BOD to change the rules whenever necessary or required by those Italian guys.
Just my opinion marinated in a few years of watching otcbb stocks and YAGI clients in particular.
jonesie
"is provided with permanent capital"
lol clawmann cool digging, great find, nice catch, 5 STAR POST.
So Neomedia's financier (company absorbing loan shark?) has Italian origins and "permanent capital". We've seen them make hundreds of millions of $$ off of 100's of American public companies while thousands upon thousands of shareholders end up with nothing.
Does the phrase "our thing" mean anything to you?
No wonder they're such 'goodfellas' to hang out with lol.
Now I've seen it all, thanks for the excellent DD.
jonesie
Thanks for the kind words.
I hope your day also goes exceptionally well.
And thank you beam for the kind words regarding my tables showing the client base of NEOM's financier (Yorkville Advisors) and what happens long term to these clients. I wonder if an update might be in order, including the progress of NEOM's PPS, O/S count etc? If there were only more hours in the day!
jonesie
"why would Samsung take the risk to preload Scanlife?"
Why? Perhaps Samsung's (highly paid? excellent? experienced?) lawyers assured Samsung there was no risk.
Nice catch clawmann
I guess their more recent comments put to rest a lot of the hype about YAGI having so much faith in NEOM to succeed.
As long as NEOM is public and there are people buying 'the promise' YAGI will do just fine.
"...now employ? Two and they both work from home PT"
You mean to tell me NeoMedia isn't hiring at "breakneck speed" any more? (Of course, they never really were, they just had a lot of job ads out there which their friends could point to and make it look like they were)
"tell me that we have an eminent sale" (try imminent)
Too bad YAGI is the vast majority of "we". But it is what it is.
jonesie
Not taken in by ANYthing at all beam ...
I never even saw Bena's blogged comments , I've only responded to a few statements made here on the subject.
You know me , simply commenting on subjects that I have learned something about over the last few years while reading/scanning a multitude of SEC filings having to do with NEOM , YAGI and other companies. I've also had the opportunity in the past to read a bit about just what constitutes FD and what doesn't.
I made what , a comment or two on this FD subject in reply to either clawmann or someone saying a posterboard in NEOM HQ is sufficient dissemination? (Or perhaps that person only meant that it WAS dissemination and wasn't saying it was 'sufficient' , if so my reply was tangential at best.) I'm surprised , once again , at the number and vehemence of reactions by some to simple statements of fact. The number of responses , quantity of emotion and even outright calls for posting cessation on my part outstrips by far my very few and totally unemotional posts.
regards,
jonesie
clawmann ....
It would be really sad (not to mention illegal) if this kind of selective dissemination garbage is still going on at NeoMedia:
"4. In the e-mail, I believe that Iian deliberately mentioned that that he was "closing" a specific deal. Why? Because I seriously doubt that Bena whuld have made that up. And again, if that were a mistake, Neom would have required a correction or retraction from Bena by now."
The SEC's FD rules put a conversation between Iain and a blogger about closing a specific deal into a really ... really ... gray area.
Perhaps the same gray as in The Graybar Hotel.
They need to cut that stuff out. Bena posting then deleting such is IMO either incredibly stupid or even more incredibly , 'designed' to pump a particular group of people. Erasure of the electronic paper trail obviously can't be done .... but then I did mention that 'stupid' word lol.
JMHO
jonesie
http://www.sec.gov/answers/regfd.htm
rickyaces/hangdog are you guys talking about ...
... all the possible yet non-comprehensive methods of 'public dissemination' which exist (HQ posterboards, signs pulled by airplanes, ads on the Goodyear blimp, handouts on a street corner) , or are you talking about the "full and fair disclosure" required by the SEC's regulation FD?
I think I can reasonably assure you that Bena's or Streetz' blogs, even when operated in conjunction with this chat forum here on IHUB + birdies whispering in individual traders' ears + Paul's comments to Bena over drinks on a yacht do not constitute the "full and fair disclosure" required by the SEC's regulation FD.
http://www.sec.gov/answers/regfd.htm + the embedded links detail the requirements, expectations and rationale behind FD.
jonesie
clawmann ... thanks ...
"based on my recollection" Yes, that's my recollection as well, that there WAS some anti-shorting language somewhere in the past, but not re: every financing instrument. There may even be loopholes embedded in the language, or somewhere along the way there may have been some language in one filing or another negating those original statements ... or not. I'm just curious.
jonesie
clawmann, I thought there was an excellent thread ...
... between you and csykes the other day. I'm surprised it did not elicit more conversation than it did.
Posted by Csykes:
"The reason YAGI can't own more than 4.99% is due most likely to it being some form of convertible PIPE financing. In most cases, when the shares are converted, they are used to cover short positions by the note holders.
It is legal, and common, for a note holder, to work in conjunction with a broker dealer, to short shares in anticipation of a conversion. Once the conversion is made, the shares are used to cover the shorted position."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=39236375
clawmann, part of your reply:
" the holder is contractually prohibited from short selling the isssuer's shares.
Second, in this case, shorting the shares would drive down the PPS and - under the conversion formula stipulated in the certificate of designations - the lower PPS would mean the holder gets more shares on conversion; so the short-selling could easily be theorized to be motivated by manipulative intent. I.e. possibly illegal as well as being contractually prohibited."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=39236910
clawmann, is there language in YAGI/NEOM financing documents preventing YAGI from shorting? I remember us looking for it at one time, perhaps finding some way in the past ... but, currently? I mean, this is what 'hedge funds' do, they play both sides of the court for their deep-pocketed accredited-investor clients, using every sophisticated tool at their disposal, without necessarily broadcasting to the shareholders in their client/victim/target companies exactly what they are doing.
regards,
jonesie
Excellent post clawmann ...
... current management has certainly treated this public company similarly to past management. Not in every way (yet), but in some ways just as cavalierly.
As to it being pointless to discuss things which 'everyone has heard before and don't need to hear again' .... far from it, as I know you well know.
If there is a point to having 2 of the 3 stickies at the top of the board basically 'posting' the same info over and over page after page and day after day to illustrate the most positive things some think should be pointed out to any new investor visiting this board .... then in the interest of this being a 'chat forum' to discuss various aspects of a public company there is absolutely a point to pointing out some of the negative aspects.
Like the toxic financing - some new otcbb investors don't even know what that means and just how severely it can cripple a company, and might be well served to have an understanding of it just as they might be well served to be educated on the mobile advertising market by lots of info posted here (thank you for your efforts in explaining the intricacies and impacts of this type of financing along with the specifics of NEOM's financing arrangements);
Or like current management's somewhat unorthodox use of blogs to talk to shareholders, similar to how management used to talk one on one with various shareholders;
Or like management's continued refusal to have a SHM in spite of the law;
And like the numerous other flaws of current management which you point out in your post.
Any like me who have 'heard it all before' relative to one topic or another, by virtue of having visited this message board numerous times over the years, certainly do not need to read any post which discusses anything they prefer not to hear again.
But the posting of such information is certainly not pointless.
All JMHO
regards,
jonesie
Hi Arpvrp ...
... question:
Does "stock options that are exercisable within 60 days of April 1, 2009" mean these options are only exercisable within that time frame?
or
Is that date selected simply because of the date of the filing which included that ownership information, and the next time such ownership info is published the date will change to reflect a date OAB the filing.
I think it's the latter.
regards,
jonesie
George O'Leary downsized the company ...(edited)
... so it stopped costing YAGI as much to keep NEOM afloat as a public company each month. Public company is the operative phrase, affording YAGI access to otcbb "investor" pockets. YAGI profits more by converting shares at a steep discount and dumping them on the market, hundreds and hundreds of millions of them, with lower expenses.
Toxic Finance 101: keep expenses low, maximize profits, increase ownership in company via retained and ever-larger convertible instruments 'just in case' anyone ever wants to buy them.
Multiply that by 200 victim-companies or so and YAGI management do quite alright. Management at victim companies do quite alright in return for their complicity. Shareholders get the short end of the stick.
YAGI victim-clients rarely (never?) pull out of the steep nosedive which their flawed business plans and reliance on ridiculous financing to save their paychecks put them in. Except for the occasional PR/hyperbole-influenced PPS runs which are profitable to a few traders and inevitably suck in more hopeful buyers (buyers at the high of the recent run are down how much now? 50%++?), there is never much of a serious nature going on in the ROI department of these victim-clients.
jonesie
"Anybody have any recommended 2D bar codes I should visit?"
Yes, the one in my signature.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=39118700
It hasn't been updated in quite a while but there's a reason for that. It was the same example after example of NEOM's financier Yorkville Advisors draining the life blood out of company after company with absolutely no deviations whatsoever.
Anyway, that's a good barcode to try your new NeoReader on, very fitting. Simply look at all the red in the far right column.
jonesie
Whether anyone does or does not ..
.. own stock in NEOM at any particular time is 100% immaterial to the facts surrounding NEOM. The facts are the facts and an individuals' ownership or trading of a stock is inconsequential to discussion of the company, their filings, the facts, etc. NEOM's dilution won't change, whatever they are doing or not doing behind the scenes won't change, how much Iain the CEO gets paid won't change.
Just FYI, hope this helps. Plus I thought you might like to know there will be big news this week. Have a good day.
jonesie
Chip Hoffman traveled extensively ...
... which must have been fun, talked at a few trade shows and the like, alluded to having a done deal with AT&T (see that building right over there Bruce? That's AT&T and their conference room is only 3 minutes from my conference room" lol), and left with some very nice parting gifts after also helping a 'heavy hitter' CFO get paid ridiculous bucks for doing nothing.
Other than that, Chip did nothing other than oversee yet another 90% reduction in the PPS and helping put the proper ecosystem in place to further ridiculous dilution. His pennystock company tenure came at the end of a nice long downward career slide as evidenced by his resume.
Regards, jonesie
I have it on my refrigerator ...
... to see first thing every morning, and I'm going to put it on the visor in my SUV.
NEOM will have news this week involving actual dollars of licensing income.
It was lesnshawn who said you were wrong Neil ...
... not me.
10 STAR POST Arpvrp ...
... you obviously get it. Your summary of the most important facts surrounding Neomedia should be posted as a sticky at the top of this page. It really should. Those are the facts, the only facts, and the whole facts about NEOM. Everything else is speculation posing as fact. Just like SP's, LOI's and MOU's try to pose as actual money-making activities.
jonesie
"opinions and guesses posted (as) fact."
That has occurred 1000 times more on the 'positive' side of things over the last few years. "A shame you can't see that."
It's still happening to this very day. Speculation posing as fact is rampant when it comes to Neomedia, just like most pennystocks with YA as a financier.
It's not like we never heard ...
... NEOM use the word 'LAUNCH' before.
Did it ever get us any money in the past? Just asking.
jonesie
"the concept that started Neom" was ...
... good ol' boys in the Ft. Liars, FL Pennystock Company Creation Club making a lot of money by selling shares to the public while issuing PRs that never come true.
The concept is tried and true and flourishes to this day.
jonesie
If I say ...
... a licensing deal is due next week (or in 60 days from a PR) and I say that every week ... if a licensing deal finally comes through do I win?
I think one is due next week. It won't be for much, in fact money terms won't even be discussed so for all we'll know it could be for $0.00000000001 per something-or-other.
And if it doesn't happen next week, then I think one is due the week after.
And if (....infinity)
So, are we due for a new CEO yet? How long was Chip around? What sort of parting gifts does Iain get?
jonesie
"why the change"
Perhaps NEOM didn't pay the bills owed to the former PR groups?
Just a thought.
jonesie
'touchpoints' is standard marketing jargon.
In the marketing work I do I track 'numbers of touches' and 'touchpoints' when it comes to measuring the relative effectiveness of various initiatives.
Just fyi
jonesie
Info on the Prinovis JV
http://www.jetsouthliverpool.org/employers_prinovis.htm
Always love these 'strategic partnerships' NEOM and other penny stocks get into.
Is a SP better than a LOI or a MOU?
Why wasn't Prinovis all worried about having an NDA? If they aren't worried about having an NDA, should we really believe that NEOM is in NDA-cahoots with so many other companies but can't say a word about it as NEOM-management always likes to imply?
jonesie
5 STAR POST personalizit ...
... like I said the other day ... what's in the filings is the most important thing having to do with Neomedia. If one doesn't read and understand the filings, one doesn't have any idea what their money is tied up in.
So, how long does NEOM last before needing yet another payday loan so Iain & Friends can get paid?
jonesie
TOP INSTITUTIONAL & MUTUAL FUND HOLDERS
With most Institutional holders updated thru March, April and May, one significant holder apparently sold out.
These guys aren't on the list now, or if they still hold they don't have more than the 71,000 shares or so held in the Number 10 spot.
Credit Agricole S.A. 191,839 .69 $345,310 31-Dec-08
So, when is Russell Recon. day? This Friday? Next Monday? Be interesting to see what happens. Probably not much of anything PPS-wise, but perhaps a decrease in the short interest in the report after the juggling act?
jonesie
You are absolutely right.
Generally showing a profit or better yet, being effective enough to get the share price up and overcome all of the dilutive effects of the YA relationship, is worthy of being called a 'culmination'.
These guys put a lot of stock into changing a name lol.
jonesie
"Has acquired" ???
As in, something recent?
LOL
George/SKS was given those options a long time ago ...
... he got them for his 'turnaround' expertise.
Of course he got a lot of cash too, and the 4 cent strike prices were hopeful and they certainly engendered a lot of conversation back then about 'wow, George must think NEOM will be worth a lot more than 4 cents to be happy with those options' lol.
All that Form 4 is telling you is that George doesn't think it's important to file necessary documents with the SEC in a timely manner, so he laughed at the SEC about the same as he laughed at NEOM shareholders after every CC in which he made ridiculously absurd statements.
http://www.sec.gov/Archives/edgar/data/1400877/000114420409032635/xslF345/v150146_ex.xml
By the way, it's these 'legal documents' that will eventually hold sway over the value any NEOM shareholders find in their shares. If one doesn't pay attention to all that is in each and every one of them, one has no idea what is really going on.
jonesie
TOP INSTITUTIONAL & MUTUAL FUND HOLDERS
# of institutions holding shares climbed from 28 to 42 in the July/September '08 time frame. (Primarily Russell bagholders?)
Feb '09: Number of Institutions Holding Shares: 45
Now: Number of Institutions Holding Shares: 40
What will the count be by this September?
jonesie
IMHO TIV lucked out when they got back in the R2K/R3K in 2008 by increasing their number of outstanding shares in the face of a huge loss in their market capitalization and amidst huge losses across the boards of market capitalizations ... even though TIV's share price was substantially lower than at the same time in 2007.
No such luck this time. Even though many companies have suffered greatly over the last year ... TIV's share price and market capitalization (i.e., the value the entire spectrum of investors assigns to TIV's worth as a company) has suffered far far more.
There were nearly 2 to 1 more additions than deletions to the R3K. Apparently 2008 was, like 2007, a fairly easy year in terms of required market cap. to get in or stay in the index.
So why ... in the face of last May's touts of thousands of barrels per day of oil production and promises of hundreds more per day within a few short months .... has TIV been struggling to carry a share price of a dollar?
Russell Reconstitution
Preliminary additions and deletions
Quick synopsis of the changes:
* The Russell Greater China Index comprises three of the top seven countries in terms of net additions, accounting for 76 additions to the Russell Global Index.
* The U.S. market shows a net increase of 121 stocks in the Russell 3000® Index.
* The United Kingdom (-59), Canada (-42), Australia (-41) and Japan (-38) lead the list of net deletions from the Russell Global.
The following are preliminary additions and deletions as of June 12, 2009.
Final membership lists for the Russell 3000®, Russell 1000®, Russell 2000®, Russell Global, Russell Midcap® and Russell Microcap® will be published June 29, 2009.
431 Changes
276 Additions
155 Deletions
Change Company Symbol Sector
(excerpted)
Delete TRI-VALLEY CORP TIV Energy
Thank you Doodlebug ...
... I suppose any Russell-related funds with the flexibility to buy or dump shares in companies for which the writing was on the wall already have already done so.
However I believe quite a few index funds are strictly chartered not to make changes in their holdings until after the Russell Recon. is officially made public.
It's going to be interesting to see what kinds of deals are brokered by the specialist between index funds and remaining shorts who wish to go ahead and cover. I wonder how many shares are still up for grabs out of the 1MM++ that traded on Russell Recon. day last year?
I wonder if T. Gamble or any other TIV insiders will have their orders in the mix as an effort to average down a bit before releasing some of the great news that surely must be just ahead?
jonesie
Why would anyone use Superwire? There are serious legit companies out there doing this already, Superwire has absolutely no edge at all. They don't actually DO anything, they lived off selling shares for years, the guy who is one of their top execs now lied to shareholders for years, and their CEO (is he still their CEO?) is also the CEO of another company and has done reverse splits twice as I recall, at two different companies.
Those stats are nice but they don't have a thing to do with Superwire.
Did you notice that SUPW is trading at half what it was trading at when you first posted those nice posts praising Superwire? Have any idea why?
jonesie
"Did you know that Symbol offered to buy NeoMedia's valuable patent portfolio in 2002 for $150 Million?"
That's an interesting statement which I've heard before. Can you point me to any verifiable proof of that offer? Was this material offer PR'd or documented in an 8K so all shareholders would know about it along with the details of such a material offer? TIA
jonesie
excerpt from recent shareholder letter:
Same ol' same ol'? 'we're gonna, it might be great'
"our test of the “mosquito bill” process on PV#5 well produced production results far more favorable than anything we anticipated. Accordingly, we are rigging up all of the other six horizontal wells in preparation for a SURGE program, and will install pumps that will allow us to accelerate and stabilize production. Once the “mosquito bill” tubing is installed, we will simultaneously inject all seven horizontal wells with a mixture of super high temperature steam and light oil (diluent) under high pressure for several days. Then we will let the formation “heatsoak” for several days and then we will turn the wells on to produce. Could be spectacular, especially with oil prices rising!"
I know I haven't been around much and haven't kept up ... but wasn't this what they were doing last spring/summer, steam soaking PV wells? I guess there are more of them now?
Sounds pretty much like the same process as last year ... spend a LOT of time and money steam-soaking wells, flip the switch on for 10 minutes, get 2 barrels out of each of 7 wells in a 10-minute period before the flow stops, mathematically extrapolate that out to an imaginary 24 hours of production and then loudly claim 2000 barrels per day of production.
It was about this time of year last year wasn't it. Is this going to become the Annual Spring Fling of 'test production + wild claims' to raise interest in buying private placement shares? Will the proceeds from these 14 barrels help pay for the annual summer vacation at the Alaskan roadhouse?
How many shares out there now? From the SH letter:
"Our $30 million capital raise program ($3.5 million in project partner subscription, $6.5 million in equipment sale/lease back and $20 million in private placement of convertible preferred stock)"
Convertible preferred now. Gee, isn't that the preferred method of starting a true death spiral of toxic financing/dilution. I wonder what the conversion rates will be? At least they're not going to place regular stock, at recent PPS that would come close to doubling the outstanding and put nearly another 20,000,000 shares out there.
Amazing, you just can't make this stuff up.
JMHO
jonesie
You are correct.
They got in last year because the market sank to TIV's level and they had a greater outstanding share count than the year before.
Even though R2K is down YOY, TIV is down a lot more.
I think the market caps will all be determined based on companies' share prices at the close this Friday.
So, will a deal be worked with the Russell sellers so the shorts can cover 1MM+ shares all at once without much of a surge in PPS? Will Gamble try to thwart them by working a deal himself? He could seriously average down ... if he wanted to. Will the new guys at TIV get together and buy them? Will Polly be untied from the train tracks before it's too late? lol
jonesie