lol , right , the ol' 'inducement' thing ....
.... and although I didn't quite answer my own question in that post , I have posted many times in the past about all the changes to previous agreements made in YAGI's favor as 'inducements' for YAGI to make the next loan to NeoMedia.
In fact , I think I posted that exact quote from the 10-Q in the past.
And that inducement was given when NEOM was trading in the .02's.
That's quite an inducement too .... if anyone thought NEOM's PPS would really get back up into double-digits , how nice to be able to convert at a max. price of .02 , rather than at 97% of the lowest closing bid price in the last 30 days , at some future time when for example the PPS could be in the fifteen cent area. (Okay , bad example price lol)
Or even the 5 cent area.
Shoot , that .02 max. works out significantly better for YAGI even if NEOM managed to get to 3 or 4 cents a share ... convert at .02 , sell at .04 , wow.
Now I answered my own question.
Amazing how our execs/bod just gave and gave and gave YAGI whatever it took to get the next payday loan ... because as it has turned out ... practically every loan NEOM ever got was a payday loan since there have been no revenues or assets-building generated from these loans.
Greedy buggers.
jonesie
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