NeoMedia Technologies, Inc (NEOM)

[yellowjacket]

Here's the full post...

"The Series C convertible preferred stock is currently classified outside of Shareholders’ Equity in the mezzanine section of our balance sheet. The change in estimate in the number of shares converted resulted in a reduction in the preferred stock outstanding of approximately $5.6 million, and a corresponding reduction in the accumulated deficit of $3.0 million related to the deemed dividends, and $2.6 million recorded as an increase to additional paid in capital."

That $2.6MM should be $8.6MM...it's a typo IMO. See the 10-Qs for the change (reduction) in Series C balance of $8,565,000. The *change* was $8.6MM and the *change* was accounted for via an increase in Paid-in-Capital regardless of the word-smithing in the 10-Q.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=43667196

Oh, btw, the wiggle word phrase above is "The change in estimate in the number of shares converted"....that's really cover for the adjustment they snuck in here to try to avoid getting in trouble for conversions below par value. YJ. P.S. M.A--you can fool some of the people all of the time, and all of the people some of the time, but you ain't fooling me or my sidekick, Claw...ever.

So...here's the deal, YA: Follow the plan I've set for you and permit NEOM to pay off the Series C & Debentures and you go ahead and keep the 1 B warrants for your upside, okay? And then when you do decide to exercise the warrants, please do it on a cashless basis in order to keep the float as low as possible. TIA.