NeoMedia Technologies, Inc (NEOM)

[AlfonszyD]

I think the connection here is the SEC in their investigation of YA may now be looking into individual holdings in their funds that the SEC believes where possibly carried at and held misrepresented valuations.

"modifications in the Company’s valuation methodology, deemed as accounting estimates by the Company, contained errors with respect to the valuation of convertible debentures issued by the Company, in that such methodology did not capture the debentures’ potentially dilutive effect upon their conversion into common stock"

So was Neomedia's valuation of the debentures done for YA's benefit as well?? The SEC does NOT want to lose this case with YA...I can imagine their looking under every stone.


The SEC is not going away for YA and it looks like neither side is giving in, this is the latest....looks like someone from inside their own camp was chirping...

http://blogs.wsj.com/riskandcompliance/2014/07/24/sec-turns-over-whistleblower-tip-to-defense-attorneys/