Replies to post #149472 on NeoMedia Technologies, Inc (NEOM)

[clawmann]

The language from the proxy materials distributed for the 2006 shareholder meeting made it quite clear that YA gets to vote (1) that number of common shares that YA actually holds PLUS (2) all the common shares underlying the convertible preferred as calculated on the record date.

Those proxy material even gave a specific number of common shares that the convertible preferred gave YA the right vote; if I recall correctly that number alone was in the neighborhood of at least 20% of the common shares that were then actually issued and outstanding.

[beam11]

I also wonder why they never considered changing the state charter until now. I think the only agenda was to increase shares again.