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News Focus
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Poptech

03/08/13 7:58 AM

#286323 RE: diamondtech #286322

diamond: The SEC is after YA for two things: 1) using a valuation formula YA didn't fully disclose to at least two investors, 2) carrying loans for longer than 18 months.

The SEC suit emphasizes that YA isn't doing enough conversions to justify the existing loans.

According to the SEC, YA should be converting NeoMedia faster and should have forced NeoMedia into bankruptcy. It that really who you want to snuggle up with?

The last NeoMedia restructuring agreement makes it clear YA doesn't think much of the SEC suit. With the sequester, I predict the SEC will emphasize that for a little penalty into the SEC kitty, they will go away.
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diarch

03/08/13 8:27 AM

#286326 RE: diamondtech #286322

diamond-'...where their backers weather hedge funds or otherwise waited till the company succeeded before selling their shares and they did so a higher pps's alsothey did not drive the pps down the way ya has.' Almost all present have always questioned why they won't let this pig fly if indeed they are purveying a viable product-which we believe 'in principle' is the case. The potential to monetize the technology is yet to be understood or realized in the marketplace. What infuriates is the apparent collusion of Marriott 'dangling the diamonds' on the one hand, and absolving herself from stock performance through statements she has made in previous CCs.
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C.R.T

03/08/13 8:52 AM

#286329 RE: diamondtech #286322

Yas just agreed to cancel 1.4 b warrants