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NeoMedia Technologies, Inc (NEOM)

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Last Post: 2/18/2017 12:42:27 PM - Followers: 938 - Board type: Free - Posts Today: 0

NeoMedia Technologies, Inc

On June 1, 2016, NeoMedia Technologies, Inc., a Delaware corporation (the “ Company ”), received a demand letter (the “ Demand ”) from YA Global Investments L.P. f/k/a Cornell Capital Partners LP, a Cayman Islands partnership (the “ Lender ”), regarding payment in connection with one or more purported events of default under the terms and conditions of certain financing documents entered into by and between the Lender and the Company (the “ Financing Documents ”). The Financing Documents are comprised of those certain amended, restated and consolidated secured convertible debentures filed as exhibits to the Company’s Quarterly Report on Form 10-Q on October 28, 2013, in addition to the transaction documents related to the issuance and collateralization of such securities. As a result of the stated events of default, the Lender is making demand upon the Company for payment in full of all amounts due under the Financing Documents, which is $43,501,613 (as of June 1, 2016) in principal and interest accrued as of the date of the Demand, and also seeks all interest, fees, costs, expenses and costs of collection (collectively, the “ Amounts Due ”). The majority of Company indebtedness was incurred in 2006.

The Demand states that if the Amounts Due are not immediately paid in full, the Lender may commence all appropriate action to collect the outstanding indebtedness without further notice, including without limitation, conducting a secured party sale under the Uniform Commercial Code of all collateral pledged by the Company pursuant to the Financing Documents, including the Company’s assets, as provided in the applicable security documents entered into by the parties.

 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date:           June 7, 2016 NEOMEDIA TECHNOLOGIES, INC.
     
  By: /s/ Barry S Baer
  Name: Barry S Baer
  Its: Chief Financial Officer
 

The 8K posted above is the last filing for NEOM at this point in time. Since then YA Global Investments has seized
ALL ASSETS.
In no uncertain terms this means that NeoMedia has NOTHING.
The rumor of a company called NM, LLC being part of NeoMedia is false.
The rumor that NeoMedia still has rights to barcode/QR code patents is false.
The following emails were received on 10/25/2016 and 10/26/2016
from none other than NEOM CFO Barry Baer himself.
They are clear and self evident as to the status of NeoMedia


 

1) In response to your questions, our debt holder issued a demand notice and on July 8, 2016 took all assets of the company to include the company's intellectual property.  I am not aware company stock has been trading.

NeoMedia Technologies, Inc. | Barry S. Baer, Colonel US Army (Retired), Chief Financial Officer , +1.317.201.0756 (US - mobile)
 

2) I am surprised to still see trading as indicated previously the company has no assets.

NeoMedia Technologies, Inc. | Barry S. Baer, Colonel US Army (Retired), Chief Financial Officer, +1.317.201.0756 (US - mobile)

NO ASSETS! Pretty clear and straight from the CFO


No Information

Indicates companies do not provide disclosure. Publicly traded companies that do not provide information to investors should be carefully researched before making any investment decision.

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#318940  Sticky Note MORE PROPER DD for everybody concerned as to WarMachine 11/27/16 10:02:19 AM
#319213   Who buys 3 shares? scania4 02/18/17 12:42:27 PM
#319212   PC: I take it you did not Poptech 02/16/17 10:25:48 AM
#319211   neom: An LLC is not public and Poptech 02/16/17 10:24:09 AM
#319210   NEOM: NM, LLC has not been around Poptech 02/16/17 10:21:57 AM
#319209   still there under ip licensing neomania 02/15/17 08:50:27 PM
#319208   Yeah? Try clicking around the sight and see WarMachine 02/15/17 08:36:14 PM
#319207   As long there is a shell there is... neomania 02/15/17 06:48:26 PM
#319206   the memories are waiting !! neomania 02/15/17 06:46:16 PM
#319205   I'm just posting what i got from the neomania 02/15/17 06:43:43 PM
#319204   Another one today PClick 02/15/17 05:07:44 PM
#319203   Ohhhhh the memories. Enough said. WovenOxygen 02/15/17 12:46:23 PM
#319202   #War, Just the conflict of posts. tundra1 02/15/17 12:26:12 PM
#319201   Really? How so? There is nothing going on WarMachine 02/15/17 12:02:54 PM
#319200   kevin: NeoMedia's key patents all expired. Poptech 02/15/17 11:29:43 AM
#319199   PC: A wink and a kiss Poptech 02/15/17 11:27:48 AM
#319198   lesn: Until FINRA shuts this puppy down, Poptech 02/15/17 11:25:18 AM
#319197   Wow, this is getting very interesting. tundra1 02/15/17 09:53:59 AM
#319196   Visa is the reason Yorkville wanted NEOM patents. kevins131 02/15/17 07:58:10 AM
#319195   Visa CEO announced QR code technology platform on kevins131 02/15/17 07:56:52 AM
#319194   If NM, LLC is a "public company", as WarMachine 02/14/17 10:45:07 PM
#319193   Popt: Hahaha. Here we go again. lesnshawn 02/14/17 09:03:54 PM
#319192   Copyright © 2017 NM, LLC. All rights reserved. neomania 02/14/17 08:43:06 PM
#319191   NM, LLC is at the forefront of the neomania 02/14/17 08:32:40 PM
#319190   Another crazy tweet from NEOM..What F#$King Valentine?? PClick 02/14/17 04:39:15 PM
#319189   lesn: NeoMedia is not a shell and Poptech 02/14/17 11:04:44 AM
#319188   Popt: And? Started off by stating lesnshawn 02/13/17 08:35:01 PM
#319187   Any body want to buy some NEOM shares??? ticker99 02/13/17 12:08:44 PM
#319186   Is becoming more and more funny. Why do rocket18 02/13/17 11:12:18 AM
#319185   rocket: Shares that don't exist. People are Poptech 02/13/17 10:55:08 AM
#319184   To point 5, rocket18 02/13/17 10:06:48 AM
#319183   LMFAO! Yep, NM=NeoMedia. The link you provided CLEARLY WarMachine 02/13/17 09:42:23 AM
#319182   lesn: NeoMedia cannot be used in a Poptech 02/13/17 09:22:49 AM
#319181   War: Of course I do. And, lesnshawn 02/12/17 07:06:47 PM
#319180   ;-) rocket18 02/11/17 12:23:22 PM
#319179   rocket: That article is from 2015. Poptech 02/11/17 10:08:19 AM
#319178   scan: It means Nate Mercus, the son Poptech 02/11/17 10:07:04 AM
#319177   However, NM = NeoMedia. scania4 02/11/17 07:53:35 AM
#319176   Yes, NeoMedia aka NM, LLC OWNED BY YORKVILLE WarMachine 02/11/17 05:29:59 AM
#319175   NM is alive? rocket18 02/11/17 04:42:40 AM
#319174   Yorkville making good use of the QR code WarMachine 02/10/17 06:52:57 PM
#319173   scan: Because NeoMedia does not exist. Poptech 02/10/17 06:17:33 PM
#319172   tundra: All the common shares were "settled" Poptech 02/10/17 06:15:16 PM
#319171   Why should the COMPANY do so as long scania4 02/10/17 01:57:03 PM
#319170   First tweet from @NEOM in a very long time???? PClick 02/10/17 01:54:17 PM
#319169   Yes, Pop, I was in another deal like tundra1 02/10/17 11:23:12 AM
#319168   scan: When FINRA shuts down a ticker, Poptech 02/10/17 09:50:54 AM
#319167   Neo Banking ;-) rocket18 02/10/17 06:34:45 AM
#319166   Maybe he owns a glass ball? rocket18 02/10/17 01:18:18 AM
#319165   How do you know that? scania4 02/09/17 10:41:24 AM
#319164   tundra: Read the stickie. That is what Poptech 02/09/17 10:18:19 AM
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