Replies to post #301887 on NeoMedia Technologies, Inc (NEOM)

[vero]

You are like 8 months behind....

[Poptech]

RFB: It is a bit more complicated than that:

Proposal No. 5: Regarding a vote to amend the Company’s Certificate of Incorporation to effect a reverse stock split of the Company’s outstanding Common Stock at a ratio of 1-for-1,700 while keeping the amount of authorized shares of Common Stock set at 5,000,000,000, the stockholders did not submit enough affirmative votes to approve the amendment of the Company’s Certificate of Incorporation as set forth in the proposal:

Proposal No. 6: Regarding a vote to amend the Company’s Certificate of Incorporation to increase its authorized Common Stock from 5,000,000,000 to 500,000,000,000 shares, the stockholders did not submit enough affirmative votes to approve the amendment of the Company’s Certificate of Incorporation as set forth in the proposal:

http://www.sec.gov/Archives/edgar/data/1022701/000114420413052348/v355804_8ka.htm

So while YA can no longer dilute, with the lack of the needed affirmative votes, NeoMedia is a whole other pickle with YA:

The reality is that if Proposal 5 is not approved, the Company likely will need to shut its doors given its inability to honor its obligations discussed above. While we appreciate that the Reverse Stock Split may not make our long term stockholders happy because they may experience further stock dilution, the alternative may be the loss of your entire investment in the Company.

http://www.sec.gov/Archives/edgar/data/1022701/000114420413044878/v352762_defa14a.htm

If you believe "YA has all the voting rights it needs to execute any action with this company," then did YA get the exact vote they wanted? It is not a rhetorical question.