'Funding' should come in the form of licensing & prepaid click through revs. (heavily discounted) from one or more entitites with side-letter(s) requiring NEOM to prepay the Debentures with these funds (in order to unencumber the IP) as well as provide sufficient funding (now or later) to redeem the remaining Series C shares held by YA. The side-letter(s) would prohibit YA from further conversions...and would require YA to sell its 1 B warrants (some or all) to the 'one or more entities' to ensure a 30%+ NEOM ownership interest to the 'one or more entities' without the possibility of dilution by YA. JMO. YJ.
Bena: I have to admit Iain, during your time at NeoMedia you have been a soldier. You have had a task list and one by one have managed to tick off the biggest deals and turn the company around. I am very impressed and wasn’t sure that it was possible.
Iain: Our IP was the crucial part in this and that is the main driver. We had a checklist of what we wanted to achieve and you are right, nearly every box is ticked.
Bena: So are you going to retire? (laughs)
Iain: No, I have worked too hard to let it go. All guns are blazing and I am ready to take the company to greater levels.
Iain: "Yorkville have been extremely supportive of NeoMedia and will continue to be. I have a strong track history of getting and bringing in new investment to business. That is what I am going to do. I am going to get strong funding for NeoMedia and turn the company around."
Iain:"It is capital from strong partners, investors and VCs. We need to get more funding for NeoMedia to make this company happen."
Iain:"I see Yorkville as part of our future. But I also see new investors seizing this great opportunity."