NeoMedia Technologies, Inc (NEOM)

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Exercise of options and warrants - page 54

Attached to the Series C convertible preferred stock were 75 million warrants to purchase shares of NeoMedia common stock at exercises prices ranging from $0.35 - $0.50. NeoMedia can force conversion of the warrants if its stock price is more than $0.10 higher than the exercise price of the warrants once the shares underlying the warrants are registered. If all of these warrants were exercised, NeoMedia would receive $30.5 million proceeds. In addition, NeoMedia can force conversion of certain other warrants if the closing bid price of NeoMedia stock is greater than $0.30 for five consecutive days, at which point NeoMedia would receive an additional $2 million proceeds. At current prices, NeoMedia would not realize any proceeds from these warrants.

Now think about this statement in relation to my post #83213

http://www.investorshub.com/boards/read_msg.asp?message_id=12563193

Doesn't this imply that they don't plan to register the $100M SEDA until the stock price is 10 cents above $0.35 to $0.50?

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