Pop, we have been over this in the last couple days. If YA converts today, the price is the single lowest VWAP from the last 60 trading days. For Murray's conversion on 4/5/12, that price was $.00703 per the 13G. I have provided support for all my calculations in earlier posts so will not repeat here.
If you want to see how a typical loan that YA made in 2006 would look to NEOM today, all you have to do is go to exhibit 10.6 to the Form 8-K filed on March 27, 2012. Take the second loan on the list which had an original principal balance at the end of 2006 of $2.5 million and which has accrued interest as of 03/23/12 of about $1.2 million. So YA is earning interest at rates that range from 10% to 15% which are then convertible to common stock at $.0056 to $.007. Not only do they earn a very fair rate of interest but it is convertible at the "death spiral" conversion price. That is why this financing is so toxic.
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