Replies to post #149382 on NeoMedia Technologies, Inc (NEOM)

[Personalizit]

"YA Global Investments, L.P.’s holding of our Series C Convertible Preferred Stock gives them the right to 1,930,700,000 votes, on an as-converted basis. YA Global Investments, L.P. is contractually limited to own no more than 4.99% of our outstanding common shares at any time."

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[clawmann]

Jonsie: you are dead on.

First, this is not an ASM at all. It is a special shareholders meeting. They are asking for our vote because they are required to. But we all know YA will cast enough votes to make this pass.

Also, was there any explantion as to why the Board was recommending that we reduce the par value? YA does not need this to be able to to acquire common stock through the conversion of the convertible preferred.

The only thing that I have been able to come up with is that it may well enable the board to do a 1/100 RS, without submitting it for shareholder approval.

[stockBNY]

Exactly, I was going to respond to that effect but decided I didn't want to get verbally flogged.

Wasn't the last meeting to raise the share count to 5 billion?

Did any of the great news they announce come to fruition?

thanks in advance.

Good luck to all.

[JPetroInc]

If "the people on the outside of the company" knew "the same as what they know on the inside" , some of those on the inside would probably go to jail."

Thats a bit harsh Joesie, even coming from you....

Will you be in attendance, seeing how it is a stones throw from your doorstep?

[Drmyke3]

why don't we ever get any news of a product producing substantial revenue?
that's all that matters.
There is no end in sight to our losses.
Dr. Mike