Fully Diluted
Well, Neomedia may have learned their lesson after putting in
that 9.6 billion 'fully diluted' number in the 1Q08 10-Q ... I
can't seem to find the new fully diluted number referenced in
this report exactly the same way.
But , without making it easy to find , they did put in a table
shown below , which basically says that a number I threw out
a while back was correct ... those numbers around 23-25
billion.
If you look at the bottom of this and see the Total , then add
in the 1.2Billion outstanding ... as of June 30 the 'fully
diluted' number was around 24.8 BILLION shares.
But that doesn't mean anything. Other than that's precisely
why YAGI has the Reverse Split language in the terms of the
most recent financing proposal. So YAGI can in fact realize
the FULL BENEFIT of the percentage of NEOM-ownership afforded
to them by all of those 'maybe-shares'.
jonesie
p.s. Sorry I haven't gone to the trouble to clean this up and
make it more of a table ... it just takes time. Just look at
the bottom number.
The following table reflects the number of common shares
into which the convertible instruments and warrants are
convertible or exercisable at June 30, 2008:
Common Stock
Warrants
Embedded Conversion
Feature
Total
Series C Convertible Preferred Stock
75,000,000
11,171,183,000
11,246,183,000
August 24, 2006 Debenture
175,000,000
3,333,333,000
3,508,333,000
December 29, 2006 Debenture
42,000,000
1,666,667,000
1,708,667,000
March 27, 2007 Debenture
125,000,000
4,972,434,000
5,097,434,000
August 24, 2007 Debenture
75,000,000
1,183,333,000
1,258,333,000
April 11, 2008 Debenture
-
169,565,000
169,565,000
May 16, 2008 Debenture
7,500,000
217,391,000
224,891,000
May 29, 2008 Debenture
50,000,000
343,478,000
393,478,000
Other warrants
17,471,000
-
17,471,000
Total
566,971,000
23,057,384,000
23,624,355,000