Wednesday, August 07, 2013 4:50:35 PM
$30.6MM loss due to (in thousands):
1) Gain/(loss) from change in fair value of hybrid financial instruments (29,569)
2) Gain/(loss) from change in fair value of derivative liability - Series C and D preferred stock and debentures (1,849)
In other words...all loss this last quarter is 100% due to YA's past horribly dilutive and constructed (to retail shareholders) PIPE financing deals that restricted outside investors from taking them out.
Again, I think YA now wants out because:
1) they know they can't successfully play this "dilution kills shareholder value" game again and,
2) they need to rid this from their books to look good in the eyes of the SEC since they are in a lot of hot water w/ them.
Conclusion (IMO)...they are willing to loosen or let go totally of their grip on NeoMedia AND a buyer is lurking.
All the pieces are in place for a buyer to come in and take this company to the "next" level. A buyer who would come in, IMO, would be one that themselves need and would benefit greatly from the use of the patents. A certain somebody/company comes to mind.
The time is now or never and the situation couldn't be better for this to take place.
As always...
1) Time will tell
2) NOBODY knows what's going on here EXCEPT those inside NeoMedia and YA themselves
3) Regarding anybody thinking they know what or why things are really happening...All other talk here is just pure speculation and opinion ONLY!
lns
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