Replies to post #291788 on NeoMedia Technologies, Inc (NEOM)

[hub2011]

Come on Pop, you know you have to adjust this morning's volume as well in order to make that claim.

[junior57]

Pop,
What about the conversion rate?
$1.00/ Share? $0.50/share?

That is the big question, and there is where YA wants to load up.

I just hope the board has ba""s enough to force then to agree to a high conversation rate.

It would workout for the company.


Junior.

[RisknReturn]

Pop, that is simply not true and I will prove it. The average volume over the past 3 months per NASDAQ is 58 million shares. If you assume that YA sales will comprise half of that volume, YA could liquidate 29 million pre-split shares on average every trading day.

Post split those 29 million shares translate to 17,000 shares per trading day. There are 252 trading days per year so that would be 4.3 million post-split shares per year that YA could be expected to sell on average. Using your assumption that it will take 100 million post-split shares to pay off YA, that means it would take about 23 years for YA to sell all of its conversion shares.

That 1700 for 1 split is a killer- if YA is able to convert 4.3 million post-split shares per year, it is equivalent to 7.3 billion pre-split shares.

NEOM is so far gone with its toxic death spiral financing that there is no way out. And that is why I am so surprised that the current price is as high as it is.