beac, your view is very accurate and based on market experience. Mine isn't backed by much knowledge of the market or YA's habits. I was baseing my view on the assumption [possibly false assumption] that we have or will have sufficient revenue to pay YA any debt left after they convert the amount of common shares they'd want to hold. I know they usually deal with companies on their death bed and use their tactics with that companies stock to make money but I believe they have found a winner in Neomedia and will see the benefit of playing this one a bit different. At least that is my hope. LOS [ Beac, one reason I believe YA will hold a common share stake in this is that I believe they've pulled enough out of this already to make their common shares freebies up to a point, therefore might speculate a little with them. No, if their common weren't almost freebies, their banker mentality would probably not allow it. LOS