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Friday, January 05, 2007 2:53:12 PM
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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