Replies to post #302611 on NeoMedia Technologies, Inc (NEOM)

[Poptech]

Person: This filing's addition of blank check convertible preferred shares means the conversion value of those shares are not-predetermined. They now have full control of the company and unlimited dilution mechanisms.

[Zervon]

Lol what a scam. This single filling should really be the nail in the coffin for neom's debt driven and investor funded business model. The end is near....

Sticky this filling and warm anyone that comes here looking for advice.

[diarch]

'One of the effects of the blank check preferred stock authorized by the Charter amendments might be to enable our Board of Directors to render it more difficult to, or discourage an attempt to, obtain control of us by means of a merger, tender offer, proxy contest or otherwise, and thereby protect the continuity of present management.'
Can't be stated much more succinctly-executed in the interest of job security above all else. As Alf stated yesterday, shareholders are plank walking with a sword on their back.