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Sunday, December 16, 2012 1:00:18 PM
I don't care about the short term loans. They were obviously well placed and successfully paid back on time. Good. What I don't like is that Neomedia seems to be having financial problems as well as cultural ones. Another thing is that YA themselves have no reason to want any more Convertible Debentures because they have a hard time converting/recovering the debt as it is. Thanks to the SEC we know they need to get out of this debacle asap.
So why the non-Convertible Debenture loans? Because Neomedia is doing better or because YA closed the door on the rest of their shiny tools? Is Neomedia being funded by bridge loans right now? What else is left unsaid?
There is only one way to make up for this lack of transparency and demand of blind faith: MAJOR success. Comin' 2013 I hope...
“Maidens like moths, are ever caught by glare, And Mammon wins his way where seraphs might despair” - Byron
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