NeoMedia Technologies, Inc (NEOM)

[jonesieatl]

And warrants at .003 pre-R/S

And adjusted previous warrants.

And and and on and on.

"In addition to the Debenture, the Company also agreed to issue a warrant to the Investor to purchase 5,000,000 shares of the Company's common stock, par value $0.001 per share (the "Common Stock"), for an exercise price of $0.30 per share"

"The Company and the Investor also entered into an agreement whereby they amended certain terms of all previously issued and outstanding warrants between the Investor and the Company (the "Global Warrant Amendment")"

"The Company shall not affect any conversion, and the Investor shall not have the right to convert any portion of the Debenture to the extent that after giving effect to such conversion, the Investor (together with the Investor's affiliates) would beneficially own in excess of 9.99% of the number of shares of Common Stock outstanding immediately after giving effect to such conversion, except for not less than sixty-five (65) days prior written notice from the Investor."

Didn't that used to be 4.99%? Been quite a while since I paid attention, maybe 9.99% is standard fare these days.

Of course, all bets are off with 65 days notice. 65 days from (x) and YA can convert and own a significantly higher %. I wonder if such a 65 days notice would have to be 8-K'd?

Oh well. NEOM(D) has become the poster child of YAGI toxic financing.

jonesie