Replies to post #183310 on NeoMedia Technologies, Inc (NEOM)

[jonesieatl]

Maybe, maybe not. Clawmann, what think?

If everyone holding 51% of the authorized decided to vote against YAGI, if a vote was ever actually allowed to be brought forth, JP's comment could be accurate?

Of course IMO YAGI has the noose tied around NEOM 18 other ways and can take any number of steps to maintain complete control over what NEOM can and can't do.

clawmann, is there any way YAGI can loose, I mean lose, control of NEOM simply by virtue of the outstanding share count tipping over 2.5 billion shares?

jonesie

[clawmann]

I believe YA has already "lost" control. Go back and check the filings from this year. I believe they show that Neom is no longer saying that YA can vote more than 5%. When I read that I chuckled, because the proxy statement from 2006 and late 2008 (for the called-then-cancelled shareholders meeting) indicated that YA had the right to vote far more than 5%.

But, as I just stated, I believe that earlier this year I read a filing by Neomedia (the last 10-K or a recent 10-Q) that all of a sudden indicated YA had the right to vote no more than 5%. Why the change? That is a rhetorical question; as I am pretty certain I know why.

Yes, we could force a shareholder meeting, elect a new board, and very possibly change the relationship with YA. But first, we would have to force the meeting. All it takes is the willingness of a sufficient number of serious shareholders who are willing to put their money where their whining is.