Thank you. But this doesn't convince me. It certainly doesn't look too pretty for companies in Angelo's portfolio right now, but in no way makes a default for Neomedia inevitable. Do you happen to know the size of YA's investment in Neomedia compared to their other positions? Not trying to be too optimistic here, but Neomedia's recent rise might give them some leverage.
(btw, this really looks like Angelo just plain lied to his investors; makes me sick to be honest)