codes: "To me, this 'transaction' is judgment day."
It clear the Big Transaction did not occur under the requirements of the Debenture. This means YA will deliver to NeoMedia a Mandatory Redemption Notice or NeoMedia was forced to negotiate new terms with YA. Best case scenario is NeoMedia is still pursuing the 'transaction' and was able to extended the Maturity Date - I am sure to YA's benefit.