street: For most of that period NeoMedia was borrowing faster than YA could convert.
Without a reverse split, NeoMedia cannot pay off YA. That is the bottom line.
I understand everyone wants to shut down NeoMedia and I think they will be successful in doing so. As I pointed out in my first post on the proxy, this may be exactly what YA wants. Option #6 was the first clue and Laura has confirmed it was a fake choice.
Laura's letter makes it clear that she believes her leadership has been nothing short of brilliant and the downfall of the company will be blamed on investors.
“It ain’t so much the things we don’t know that get us into trouble. It’s the things we know that just ain’t so.” Henry Wheeler Shaw