Wednesday, February 03, 2010 9:40:53 PM
All you need to know:
"As of the Record Date, there were 2,267,567,835 shares of Common Stock, 8,642 shares of Series C Preferred Stock, and 25,000 shares of Series D Preferred Stock issued and outstanding. Due to contractual restrictions on the convertibility of Series C Preferred Stock and related voting rights, the current holders of Series C Preferred Stock are not entitled to cast any votes at the Meeting with respect to such Series C Preferred Stock. On an as converted basis, the holders of Series D Preferred Stock are entitled to cast votes equivalent to an aggregate of 2,500,000,000 shares of Common Stock. Accordingly, there are a total of 4,767,567,835 shares entitled to vote at the Meeting."
NEOM is going to go down (in addition to the direction of shareholder value) in history as one of the premier YAGI dilution machines. R/S, crank the price up, have unlimited shares (up to 5 billion minus 22 million or so OS) to dump on the market as long as somebody in the market will buy them. Maybe start another PR pumpathon?
YAGI is great at this and every NEOM CEO lackey and company apologist and company promoter has aided and abetted them. NEOM "employees" spend more time writing and reading filings, proxies and new loan agreements than ANYTHING ELSE.
Sorry.
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
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