Replies to post #66793 on NeoMedia Technologies, Inc (NEOM)

[billybass1234]

ic, I'd estimate that they've sold almost half of the 20 million shares, which is pretty good for 4 trading days.

Here's my logic:

The shares were delivered to Cornell on 31Mar, and volume was pretty light on that day (1.1M shares traded). So let's assume they didn't start selling until Monday, April 3rd.

Total volume since Monday (including Monday) has been about 16.1 million shares traded. Assuming (and this is somewhat of a WAG) that Cornell was responsible for 60% of the volume on any given day, that would mean Cornell has sold about 9.7M shares.

At this rate, they could be done by next Friday. We'll see.