NeoMedia Technologies, Inc (NEOM)

[krays]

· At the option of the holders, if there are outstanding shares of Series C Convertible Preferred Stock on February 17, 2009, each share of Series C Preferred Stock shall convert into shares of common stock at the conversion price then in effect on February 17, 2009

http://ih.advfn.com/p.php?pid=nmona&cb=1223576618&article=28623303&symbol=NB%5ENEOM

If YA should choose to waive the self imposed 4.99% ownership limitation and convert all of the Series C shares in Feb, they can assume direct ownership of more than 90% of the OS and still hold all the assets via the SPA agreements. Of course this would require an increase in AS to somewhere north of 20 billion shares. They will certainly have the voting power to do it if they choose to. Then if the company were sold they would be in line for a bigger piece of the pie than simply being repaid for the outstanding debt. Just speculating here, someone tell my why I'm wrong. Please!!
Regards,