Tuesday, February 09, 2010 1:14:15 PM
History says beware. But, we haven't ventured into this neck of the woods before, and maybe it could be the right time for a reverse split.
The writing will be on the wall one way or another after a RS takes place. Seeing that YA has a majority role in everything that happens with Neomedia, then both together should be requesting the reverse split as a step up, a step in the best interest of the company and shareholders.
If the RS happens, and nothing happens other than YA converting and selling, then we will know that nothing happened in the best interest of anyone or anything, orther than YA's best interest. And if that happens, they will open themselves up to litigation in my opinion.
In addition, the RS should not take place until there are guaranteed and significant revenues coming in the front door. If no revenues are starting, then in no way should the RS happen. That's the other writing on the wall.
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