Those where freebees to begin with , granted when they gave us loans on top on the principal and interest 9.5% we had to payback.. not to mention they got money back in shares which they converted at the lowest pps. Is they cancelled 3/4 of their debt then I would be impressed.
Pushin: Those warrants gave NeoMedia the right to sell shares to YA for no less than fifteen cents per share. Instead, YA negotiated to move that $0.15 to $.0001 for the remaining shares. The warrants that were worthless became YA's most valuable NeoMedia asset with a pen stroke.
It also added another 500M in-the-money shares available for conversion.
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