NeoMedia Technologies, Inc (NEOM)

[RisknReturn]

Pop, the 100+ billion conversion shares needed today will be reset at 60 million post split. Of course, the 5 billion shares held by existing shareholders will also be reduced to about 3 million shares so "net/net" nothing about death spiral dilution has changed.

Post-split, PPS will immediately sky rocket to $0.85 only to drop like a rock back to penny land over the next year at which point, NEOM will again be maxed out and not have enough authorized shares to accommodate 100% conversion for YA (similar to today, YA's conversion price will continue to reset lower and lower as PPS drops).

YA will love the RS but retail investors that buy or already own NEOM will just keep getting screwed. Nothing could be farther from "substantiated hope" than what NEOM is offering shareholders in the proxy statement. There were a lot of things NEOM's board of directors could have done to improve the situation, but instead they gave YA everything it asked for in this rigged shareholder meeting.