FWIW, I'm betting that the BSDS merger was closed yesterday or will be closed today, and here's my logic...
BSD shareholders will receive, for each share of BSD stock owned, NeoMedia stock equivalent to .07 divided by the volume weighted average price of NeoMedia stock for the five days prior to closing of the merger.
Since the number of shares of NEOM stock exchanged for BSDS would be lower if the price of NEOM stock is higher, it would be advantageous to NEOM to close the merger while the NEOM stock price is as high as possible. It's been six trading days since the Virgin announcement, which gave us a 15% spike at least for one day, raising the weighted average price of NEOM stock in five days following the announcement. If I were NEOM management, I'd want to time the Virgin announcement as close as possible to the merger closing, so that I'd have to give up as few NEOM shares as possible in the transaction.
So now we have a bunch of pure conjecture on my part. Let's combine my pure conjecture with Zacked's hint to "watch the SEC filings" which was based on his communication from CJ which none of us can verify because we're on an anonymous message board (I'm not saying that I do or don't believe Zacked about the email; I'm just emphasizing the fact that it can't really be verified because we're on a message board.)
OK, we have (1) a bunch of conjecture on my part, (2) an unverified hint about a forthcoming SEC filing, and now let's finish it off with (3) a dream I had last night (no joke) that there would be a big event on July 13th. Now we have rock-solid proof that the PPS will start to move by next Wednesday!!!
That's it! See you all in Vegas!
P.S. WTFDIK?
