Replies to post #143384 on NeoMedia Technologies, Inc (NEOM)

[jonesieatl]

I guess we'll have to disagree on that one ....

.... with my disagreement stemming simply from NeoMedia's own usage of that higher number.

NeoMedia itself stated in the 10-Q that the "fully diluted" share count was 9.6 billion shares. That's obviously over the 5B authorized, yet that number is stated.

To me that part of the 10-Q says that if every financial instrument , option/warrant/convertible debenture/preferred share/etc they're on the hook for had been exercised/converted/whatever into common shares as of 3/31/08 and at the closing PPS on that day (0.008) , that's how many shares of common those instruments would have generated.

I'm not saying Yorkville/etc could do that with the current constraints of the 5B Authorized , I'm just saying that apparently that's a valid number used in making certain calculations.

Then of course I went on to outline a scenario wherein all common shares outstanding ( plus shares "potentially outstanding" in a 'fully diluted' situation ) could be proportionately reduced in number per the ratio of a Reverse Split ... and the Authorized could be left at 5Billion.

jonesie