NeoMedia Technologies, Inc (NEOM)

[srowen]

Er, what? The stock reverse splits, not splits. You have it splitting 100:1 here; it's the other way. Even if it were splitting, the number of shares you have to cover would also multiply by 100. Shorting could still make money if the stock goes down but the scenario is:

1) Short 10,00,000 @ $0.0036 = $36,000
2) Cover 100,000 @ $0.30 = $30,000
3) $6,000 profit

To answer your other question, debt is found on a company's balance sheet:
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=7150486-151966-157441&type=sect&dcn=0001144204-10-016089

The "derivative" and "debentures" lines are essentially what we would call debt. It totals over $108M. There are other liabilities, but that's the bulk of what exists as debt.