NeoMedia Technologies, Inc (NEOM)

[Poptech]

paad: They still have the right to convert, but they are not holding at the time of the filing. That is incidental, but surprising.

Here is the key statement:

In addition, the cap pertaining to the derivative securities limits YA Global’s entitlement to 9.9% of the Common Stock Deemed Outstanding of the Company for purposes of any corporate vote.