AI
Friday, September 20, 2013 10:12:40 AM
And let's address that point, Popt...
What was Dr. SS's most likely % ownership as of 12/31/12?
Facts:
8/14/12
O/S = 1,323,665,957
Dr. SS holdings = 113,494,743
Dr. SS % ownership = 8.57%
- This per his 11/2/12 SG13/A filing
Share price = .006
11/8/2012
O/S = 1,744,759,603
- This per the Q3 10Q filing on 11/13/12
Dr. SS holdings = 113,494,743
Dr. SS % ownership = 6.5%
Share price = .005
Total volume 11/14/12 through 12/31/12 = 764.88MM
Share price = .005 down to .0024 close EOY = .0031
Share price decline = 40-50%
Safe assumption: LAST SIX WEEKS OF THE YEAR SHARES WERE PRIMARILY SOLD (not bought)!
3/1/2013
O/S = 2,970,280,769
- This per 10K filing
SAFE ASSUMPTION: Most of the volume between 11/14/12 and 12/31/12 was dilution (~ 75%). Therefore, that equates to 458.93MM shares were added to the O/S by 12/31/12.
That equates to the O/S on 12/31/12 = 231,8419,603
That equates to Dr. SS's % of ownership in NeoMedia at the end of 2012 = 4.9%
That means that by 12/31/13 Dr. Patrick Soon-Shiong was NO LONGER CONSIDERED A "BENEFICIAL OWNER" in NeoMedia. Therefore he was NOT required to re-issue a 13G or D filing by 2/15/13.
SAFE ASSUMPTION: THE DOC IS IN THE HOUSE!!!!
BAD IDEA: The company do NOTHING, let the company go BK, decimate shareholders, tell on YA to the SEC, wait YEARS for the SEC to do something, meanwhile - company dead - shares worthless.
GOOD IDEA: Get the company to a self-sufficient state reaping quarterly income profit. Negotiate w/ YA (twice) to restructure their debt thereby reducing YA's warrants while consolidating and simplifying the many many past loans down to just a few. Negotiate a reduction in the total amount of long-term debt owed to YA. Restructure the shares of the company through a R/S to obtain a share price of $1 w/ additional good news. Seek out an alternative BIF to TAKE YA OUT OF THE PICTURE, thereby greatly reducing or completely eliminating further dilutions of the then 3MM O/S. A very sharp rise in shareprice to surely follow after YA is out of the picture, setting the stage to re-list on the NASDAQ in due time.
Oh, gee...look at that...appears to me GOOD IDEA won out.
lns
What was Dr. SS's most likely % ownership as of 12/31/12?
Facts:
8/14/12
O/S = 1,323,665,957
Dr. SS holdings = 113,494,743
Dr. SS % ownership = 8.57%
- This per his 11/2/12 SG13/A filing
Share price = .006
11/8/2012
O/S = 1,744,759,603
- This per the Q3 10Q filing on 11/13/12
Dr. SS holdings = 113,494,743
Dr. SS % ownership = 6.5%
Share price = .005
Total volume 11/14/12 through 12/31/12 = 764.88MM
Share price = .005 down to .0024 close EOY = .0031
Share price decline = 40-50%
Safe assumption: LAST SIX WEEKS OF THE YEAR SHARES WERE PRIMARILY SOLD (not bought)!
3/1/2013
O/S = 2,970,280,769
- This per 10K filing
SAFE ASSUMPTION: Most of the volume between 11/14/12 and 12/31/12 was dilution (~ 75%). Therefore, that equates to 458.93MM shares were added to the O/S by 12/31/12.
That equates to the O/S on 12/31/12 = 231,8419,603
That equates to Dr. SS's % of ownership in NeoMedia at the end of 2012 = 4.9%
That means that by 12/31/13 Dr. Patrick Soon-Shiong was NO LONGER CONSIDERED A "BENEFICIAL OWNER" in NeoMedia. Therefore he was NOT required to re-issue a 13G or D filing by 2/15/13.
SAFE ASSUMPTION: THE DOC IS IN THE HOUSE!!!!
BAD IDEA: The company do NOTHING, let the company go BK, decimate shareholders, tell on YA to the SEC, wait YEARS for the SEC to do something, meanwhile - company dead - shares worthless.
GOOD IDEA: Get the company to a self-sufficient state reaping quarterly income profit. Negotiate w/ YA (twice) to restructure their debt thereby reducing YA's warrants while consolidating and simplifying the many many past loans down to just a few. Negotiate a reduction in the total amount of long-term debt owed to YA. Restructure the shares of the company through a R/S to obtain a share price of $1 w/ additional good news. Seek out an alternative BIF to TAKE YA OUT OF THE PICTURE, thereby greatly reducing or completely eliminating further dilutions of the then 3MM O/S. A very sharp rise in shareprice to surely follow after YA is out of the picture, setting the stage to re-list on the NASDAQ in due time.
Oh, gee...look at that...appears to me GOOD IDEA won out.
lns
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