NeoMedia Technologies, Inc (NEOM)

[brewskih]

to be honest they were not registered since march, so Cornell and the consultant could not exercise them. They have made it clear in the recent filing for registration, that Cornell and Consultant do in fact plan to exercise and sell them as soon as the registration is accepted by the SEC.

Another misconception that I see here a lot is that the SEC has to approve the new shares. Thats not accurate, the sec filing is merely a formality. The stock holders approve the new shares which they did at the annual meeting.

They are required to register them with the SEC however, so that the SEC has an accurate record of how many shares are outstanding.

The only time SEC approval is required is for a merger, where there may be a monopoly, or an unfair advantage to the merge company.

In this case its warrants issued to a lender and the consultant, and no SEC approval is required. Just a filing with the SEC.