JP: I am not sure how you calculated that figure but it is entirely inaccurate. That would require that NeoMedia trade below a penny for weeks and then still would not account for their cost of money.
Even if say YA gets it capital for free from their investors, the conversion price is currently $0.012 which is 95% of the lowest volume weighted average price during the previous 60 trading days. Now add fees and 5 years of interest and YA is no where near profitable conversion. They are currently below cost of capital.
So it does look like "their friends (the MM's)" are doing their job very well. Or it just another conspiracy theory. You choose.
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