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CRASSUS

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CRASSUS

Re: rwandrw post# 283966

Tuesday, 02/05/2013 12:03:20 PM

Tuesday, February 05, 2013 12:03:20 PM

Post# of 326350
We don't know if Neomedia has borrowed, but we know they haven't given out any more Convertible Debentures and that's what matters most. As I've written before I don't think they'll ever borrow this way again. So debt is going down every day. The 10Q should be quite something.

I personally believe this restructuring was rather a response to shareholder anger than anything else. Last year they didn't give a flying f*** about letting investors know what was going to happen past summer. It's above all a change in culture imo.

EDIT: Just read the official news. They haven't borrowed anything since september.

“Maidens like moths, are ever caught by glare, And Mammon wins his way where seraphs might despair” - Byron

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