Replies to post #149347 on NeoMedia Technologies, Inc (NEOM)

[Dilidali]

Common Stock Par Value

Common Stock Par Value Definition

(1) For bonds, the amount that the issuer agrees to pay at the maturity date. Also called the maturity value or face value of a bond.

(2) For common stocks, an arbitrary dollar amount assigned to each share by the company's charter.

Par value has little or no impact on the actual market value of a security. However, it is important in the case of preferred stocks and bonds, since the preferred dividend and interest are often based on the par value assigned to each issue. For example, an 8% bond is a promise to pay that percentage of the bond's par (100% of face value) value annually.

[roadog]

Thanks Dilidali

[jonesieatl]

Has this been posted already? If so ....

.... I missed it. This seems to be very telling as to what NeoMediaYAGI's intentions are:

Vote Required For An Increase In Authorized Shares Of Common Stock

Approval to amend the Company’s Certificate of Incorporation to decrease the par value of the Company’s common stock from $0.01 to $0.0001 per share will require that the holders of at least a majority of the outstanding shares entitled to vote thereon vote “FOR” the proposal.

Recommendation Of The Board Of Directors

Our Board of Directors unanimously recommends a vote “FOR” the approval.


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Page 3 of the same filing shows that YA currently owns 21 million shares of common stock which is 1.6 percent of the class of common stock and a total voting right of 60.4 percent with their preferred stock.

If anyone hasn't read through this , I suggest you do. It's not that long , and it tells us what this company is really all about ... printing shares , selling shares , screwing common shareholders.

http://www.sec.gov/Archives/edgar/data/1022701/000114420408056844/v128341_pre14a.htm