Replies to post #291870 on NeoMedia Technologies, Inc (NEOM)

[RisknReturn]

Your statement

The continuous predictions for bankruptcy now have no basis for reasonable discussion.

Bankruptcy is hardly a far-fetched notion when NEOM just published a proxy statement that said bankruptcy is probable if Proposal #5 or #6 are not approved.

And then you go on to state

The conversion benefit to NeoMedia increases significantly so that 70 million shares will pay off YA on conversion date.

But that is based on an assumption that PPS will never decline while YA is converting and selling those 70 million post-split shares. Of course that is an extremely unlikely scenario when we have all just seen a 99.9% decline in PPS over a very short period of time. And the reality of selling 70 million shares based on current trading volumes is that it would take YA more than 23 years to convert and sell that many post-split shares.

[cloud3]

Thanks for the reply, I'm just now reading it. Am I reading correctly that a revised proxy was issued? I'm not seeing it on the wires or in my inbox. Can you provide a link?

And, has your outlook changed since you wrote this reply?

The best situation for all of us is to vote for the R/S, that much is clear, but what about the implications of 6?

This has never been a clearly told story, and I'm sure that complexity was by design (financial instruments).

I saw a recent post that your shares are fresh, ie recently purchased. I take that to mean you're hopeful that this will pass and we will continue to have a fighting chance...?

Sorry if this is annoying but I just haven't had the ability to follow this for some time now.

Thanks