NeoMedia Technologies, Inc (NEOM)

[krays]

Beam, actually the shares underlying the convertibles are already registered at their face value of .02, if I'm not mistaken. I suspect that YA is holding their 57 mil shares at any given time and will sell into any blockbuster news. They can and, most likely will replenish their supply rapidly. Since these convertibles have a fixed exercise price of .02 the allocated number of fully diluted shares will not decline below the .02 conversion factor unless these instruments are retired somehow. (doesn't mean that they will convert but they can, if buyers are available) It does appear to me that short selling has stopped for now and as long as pps is increasing they have no reason to short the stock. I believe that the latest financing contains some language prohibiting shorting of the stock but have not had time to research that one yet. I would note that conversion, in and of itself, does return ownership to the retail stockholders as a percentage of fully diluted share counts, accept for that pesky "secured by essentially all of our assets" language. In defense of YA they are holding a very risky investment themselves and IMO are entitled to a fair return. Afterall they have somewhere near 50 million invested in a company with a market cap of somewhere near 5 mil. Once again all of these comments are IMO and FWIW.
Regards