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Poptech

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Poptech

Re: codes4real post# 219579

Friday, 10/22/2010 12:03:33 PM

Friday, October 22, 2010 12:03:33 PM

Post# of 326400
codes: NeoMedia does not need to "permit" Scanbuy to go public. NeoMedia is certainly not a VC deal.

Scanbuy does not have the cash resources to absorb NeoMedia. NeoMedia doesn't have any cash. NeoMedia has no assets. The only item of value NeoMedia can offer is dilutive shares. Merger happens, the number of outstanding shares increases significantly (for both Scanbuy and YA), and your shares will be worth very little. In addition, a merger does not mean YA is going away. They will not. They will want to dilute into the news. Scanbuy will predict this and need more shares for a cost of financing adjustment.

No merger is possible.

“It ain’t so much the things we don’t know that get us into trouble. It’s the things we know that just ain’t so.” Henry Wheeler Shaw

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Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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