NeoMedia Technologies, Inc (NEOM)

[krays]

NEOM needs a closing bid price below the fixed conversion price on the date of 'holders receipt of a redemption notice' in order to prepay the debentures. Most of the debentures carry a fixed conversion price of .01. Simply speculating here, but IF NEOM has obtained the funds somehow to effect such a transaction, I would expect to see PPS below .01 for the period of time needed to deliver such notice, particularly if YA wanted it to go down that way.

a) Company’s Cash Redemption. The Company at its option shall have the right to redeem (“Optional Redemption”) a portion or all amounts outstanding under this Debenture prior to the Maturity Date provided that as of the date of the Holder’s receipt of a Redemption Notice (as defined herein) (i) the Closing Bid Price is less than the Fixed Conversion Price.

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