NeoMedia Technologies, Inc (NEOM)

[krays]

In addition to Jonsies comments I would offer the following:

The following tables represent data presented in the most recent quarterly filing. I copied the info as presented and dropped it into an Excel spreadsheet for analysis.The first worksheet represents the status of the Series C Preferred shares. I used company provided info to calculate the actual conversion share price that YA has converted at to date (.0022 at last conversion 7/22). The second chart represents the companys calculations of fully converted debt instruments. It appears that the 23 bil+ figure comes from a conversion price of .0022. If one were to assume that the share price could move up to .02 which is the stated exercise price for all convertibles, one would come up with a fully converted number of 2,598,679,050. This would be in addition to the currently reported outstanding share count of 1,145,224,960 shares for a grand total fully converted share count of 3,743,904,010. Getting to and sustaining a PPS of .02 is a critical milestone and brings the fully converted share count within a reasonable level. It should be noted that these figures do not include the most recent round of financing. It should also be noted that legally YA can hold a maximum of 4.99% of the OS count which would be 57,146,726 at any given time. Total NEOM shares traded year to date as of 8/22 is 835,496,557. It would be very difficult for YA to "dump" the debt instruments on the market at those volumes because you can't sell shares if no one will buy them.

I present this information for information purposes only and will not be responsible for the accuracy of the data as it represents a nonprofessional's attempt to understand what he owns.