Thursday, August 07, 2008 7:41:27 AM
It says YA Global is the buyer.
Unless theories of secret consortiums being behind Series A (no , Series C , no , Series X) Preferred Convertible shares are true. Or rather than simply coming out of the closet and being the $10MM Equity Investors various NEOM execs promised in the past , these potential mystery investors in NEOM have chosen a rather Machiavellian method of "investing in" NeoMedia by saddling NeoMedia with crushing dilution.
Which of course would be my theory , that if any accredited investors are utilizing NEOM stock (or custom 'derivatives') as a way to make money , they are somehow making that money by virtue of a falling share price and the availability of a pool of common shareholders who buy shares dumped onto the open market.
YAGI is 'hedge fund'.
From wikipedia:
"Since a hedge fund's investment activities are limited only by the contracts governing the particular fund, it can make greater use of complex investment strategies such as short selling, entering into futures, swaps and other derivative contracts and leverage.
As the name implies, hedge funds often seek to offset potential losses in the principal markets they invest in by hedging their investments using a variety of methods, most notably short selling. However, the term "hedge fund" has come in modern parlance to be applied to many funds that do not actually hedge their investments, and in particular to funds using short selling and other "hedging" methods to increase risk, and therefore return ...."
Just FWIW and in the context of possible 'mystery investors'.
jonesie
p.s. YJ , L.P. = Limited Partnership. See above for one possible scenario.
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
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