Actually, YA's potential conversion number would be maximized if the closing bid were .0106. This would allow them to convert during the 30 days following that closing bid almost exactly at par. Hence maximizing the number of shares they could get on a conversion. Of course, they (and Neomedia) still have the issue as to whether YA's right to convert the Series C expired in February this year.
(Yesterday's closing bid was, I think, .0114).