NeoMedia Technologies, Inc (NEOM)

[brewskih]

Those shares were not authorized to prevent a buyout. This has been gone over on this board ad naseum, and yet some of you still make the same claim.

The poison pill was in place long before this authorization occurred. And the poison pill pertains to PREFERRED STOCK, and not the 5 billion shares of common stock that was authorized. So once again this 5 biliion shares of common authorized has nothing to do with the poison pill........

""""""On December 10, 1999, NeoMedia's Board of Directors adopted a stockholders rights plan and declared a non-taxable dividend of one right to acquire Series A Preferred Stock of NeoMedia, par value $0.01 per share, on each outstanding share of NeoMedia's common stock to stockholders of record on December 10, 1999 and each share of common stock issued thereafter until a pre-defined hostile takeover date. The stockholder rights plan was adopted as an anti-takeover measure, commonly referred to as a "poison pill." """"""

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