NeoMedia Technologies, Inc (NEOM)

[clawmann]

Just noticed this "discrepancy":


June 22, 2009:

http://www.gomonews.com/hit-barcelona-quick-interview-with-paul-strzelecki-from-yorkville-advisors-on-mobile-barcodes/

"Bena: I had some readers ask me, why Yorkville only gave NeoMedia a bridging loan (can’t remember the exact amount) and not funding?

Paul [Strzelecki]: "Bena. Yorkville’s business model is basically loans. That is what we do. We are not a VC. So it’s not about getting a stake of the business."


April 17, 2008:

http://www.gomonews.com/paul-strzelecki-managing-director-of-yorkville-advisors-live-blog-on-neomedia/

[Questions by Bena, Answers by Paul]

"1. What is your relationship with NeoMedia
Answer: We are the principal investors in the company.

2. What are your ambitions with NeoMedia?
Answer: We continue to invest in the business to make it grow."


So, which is it? Lender or Investor? Personally, I have difficulty thinking about YA as an "investor". Seems to me they lend money, and then pretty much guarantee they get paid back by arbitraging the borrower's shares. And they also get a lot of equity kickers (in the form of warrants) to make more money if the shares of the borrower take off.