Replies to post #170593 on NeoMedia Technologies, Inc (NEOM)

[vines3]

want to hear yellowjacket take on this. Nice catch

[jonesieatl]

lesnshawn , some of the actual facts behind the decrease ....

Date 	 Open 	 High 	 Low 	 Close 	 Volume 	 Adj 
 Close  
 2008/03/31	 0.0075	 0.0080	 0.0075	 0.0080	 425,600	 0.0080 
  
 2009/03/31	 0.037	 0.045	 0.030	 0.036	 33,135,907	 0.036

"Am I guessing right that it's very probable the increase in O/S since 12/31/08 (~500MM) went towards eliminating the provisions that could have increased the O/S more than 6X's (and would have required a doubling (at least) of the A/S to 10BB)!?"

No.

"About 500MM shares payment to reduce possible debt of ~8BB shares!? About a 16x "profit" so to speak!? Am I reading that right???"

No.

"this IS a "new and different" NeoMedia we're now involved with!"

Probably not IMO lol , but then that's just conjecture on my part which will ultimately be shown to be correct or incorrect. Not enough actual data supporting 'new and different' at this time IMO.

Shawn, when it comes to fully diluted shares the share price on the report date plays a HUGE part in determining that number. Notice I said "part" , but a big part nonetheless.

The share price on the relevant dates which I posted at the beginning of this post are big clues regarding why the decrease in the Fully Diluted Share count. The Fully Diluted number comes from a combination of the share price on a date certain and calculating what the share count would be if all convertible instruments were exercised on that date certain and at that share price.

Of course , a valid response to someone saying this could be something like "well , it doesn't matter why it went down , as long as it went down" and that's true to some extent. I just thought some might be interested in the actual reason for the biggest part of the drop in the FD share count in this latest 10Q. It will help some to know why things work and how to read / interpret an SEC filing.

Everyone can do this math -- .008 is 78% less than .036.

1,503,082,652 is 84% less than 9,570,919,928.

I would be interested in knowing what accounted for the 6% change in FD accruing to something other than the change in share price but someone else can figure that out lol.

Some will remember my posts way back , scores of them I believe on this subject , in which I showed a lot of math speaking to fully diluted share count and its relationship to share price and all of the convertible preferred and warrants. Those same posts when combined with all of the data I provided on the fates of hundreds of other YAGI clients were the basis for me saying on numerous occasions that NEOM would most likely hit .001 like all those other penny and sub-penny stocks. As it happened , NEOM did hit that number and it was worth waiting until then to make the right play.

Best of luck

jonesie

[hangdog]

lns, we need to have lunch to discuss. Rotorhead? And any other Denver-based NeoMites?

[TomF]

Don't get too excited about the difference 1/4 over 1/4 in "fully diluted shares" as used in the limited context of reporting loss per share.

Read closely Note 2: Basic and Diluted Income (Loss) Per Share...

I think you will see there is a difference in the term "fully diluted" as it applies to which shares are counted or not counted for reporting profits and losses. "..we reported a net loss per share, and as such basic and diluted loss per share were equivalent. We have excluded all outstanding stock options, warrants, convertible debt and convertible preferred stock from the calculation of diluted net loss per share because these securities are anti-dilutive."

Their exclusion from the calculation as "anti-dilutive" does not mean they do not exist. On the contrary, you can not exclude something unless it DOES exist.