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jonesieatl

10/11/08 12:26 PM

#149472 RE: beam11 #149469

I quoted from the SEC filings.

I understand your question , by the way , and the nuances of those two phrasings. When NeoMedia has put that first phrase in their filings , and then gone on to explain just how many votes that entitles YAGI to , it appears they mean 'as if they have been converted'.

Somebody else can do that math-check though. It's a little hard to know exactly how NeoMedia is doing the math. As krays points out in his spreadsheet , and as I have pointed out in the past , YAGI at prices in this neighborhood has potential 'rights' to over 20 billion shares.

In light of that , where does NEOM get the number is this statement?

"the affirmative vote of the holders of a majority of the 3,230,944,960 outstanding shares entitled to vote will be required for approval (at least 1,615,472,481 votes)"

3.2B outstanding? What exactly does that include , when the actual outstanding was quoted as being somewhere over 1.3B in the latest filing?

Again , I'll leave that math and explanation to someone else.

jonesie