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NeoMedia Technologies, Inc (NEOM)

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Last Post: 10/17/2017 9:51:28 AM - Followers: 935 - Board type: Free - Posts Today: 3

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This section maintained by Warmachine. No deletions or alterations allowed by other moderators unless permission is given by Warmachine.

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.
 

End of Warmachine's section

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PostSubject
#318940  Sticky Note MORE PROPER DD for everybody concerned as to WarMachine 11/27/16 10:02:19 AM
#321863   ...in memoriam! Poptech 10/17/17 09:51:28 AM
#321862   NeoMedia lives !!! rocket18 10/17/17 03:22:19 AM
#321861   A worthwhile look back to an Iain McCready Be Confident 10/17/17 12:29:54 AM
#321860   I anticipate Virtual Stores to begin burgeoning. Be Confident 10/16/17 10:02:24 PM
#321859   Each passing day brings so many new industry Be Confident 10/16/17 09:13:11 PM
#321858   The 32 Mill shares SOLD today is a PClick 10/16/17 02:59:46 PM
#321857   neom: NeoMedia no longer exists. How does that Poptech 10/15/17 08:04:38 PM
#321856   neom; Everything is now owned by YA. Poptech 10/15/17 08:02:43 PM
#321855   The technology and innocense will prevail neomania 10/15/17 01:41:36 PM
#321854   YOUR RIGHT ,SHOULD MAKE A WHOLE LOT IN neomania 10/15/17 01:31:43 PM
#321853   neom: The problem is you spent a Poptech 10/15/17 12:49:24 PM
#321852   source scania4 10/15/17 03:51:20 AM
#321851   HOLDING SHARES OF NEOM IS MONEY IN THE neomania 10/14/17 11:45:23 PM
#321850   be: I do believe that is even Poptech 10/13/17 07:55:08 AM
#321849   This particular app ties things together nicely :-) Be Confident 10/12/17 08:04:44 PM
#321848   pop: ...more like the year 2161. At which keepitrealplease 10/12/17 07:03:46 PM
#321847   19 shares. This is just very, very Poptech 10/12/17 06:01:22 PM
#321846   be: It is just not same industry as Poptech 10/12/17 08:15:02 AM
#321845   So much industry news. It increases daily! Be Confident 10/11/17 10:36:04 PM
#321844   Everyone paying attention?? Be Confident 10/11/17 10:16:58 PM
#321843   Simply Amazing: Be Confident 10/10/17 10:19:59 PM
#321842   Lesn, Have a run at this link http://www.neom.com/ir/shareholdernotices Be Confident 10/10/17 10:06:47 PM
#321841   Be Confident 10/10/17 10:06:42 PM
#321840   be: There was no 'r/m with Qode Poptech 10/10/17 08:35:50 AM
#321839   Indeed Lesn, something is most certainly going on Be Confident 10/09/17 07:29:04 PM
#321837   Is anyone still going for the accumulation scam? Poptech 10/09/17 05:39:23 PM
#321836   scan: Facebook is doing well which means Poptech 10/07/17 04:22:54 PM
#321835   http://marketrealist.com/2017/10/why-facebooks-payment-appetite-is-understandabl scania4 10/07/17 10:42:49 AM
#321834   lesn: What is the 'glitch in May?' Poptech 10/07/17 07:04:30 AM
#321833   be: Why has everyone turned to spamming Poptech 10/07/17 07:00:28 AM
#321832   BC: BTW, not that you'd go to the lesnshawn 10/07/17 03:26:40 AM
#321831   How big is BIG, Lesn: Be Confident 10/07/17 01:13:13 AM
#321830   lesn: If you call the former NeoMedia Poptech 10/06/17 08:59:45 AM
#321829   BC: Barry Baer. He wishes he remembered even lesnshawn 10/06/17 08:41:51 AM
#321828   lesn: What a load of nonsense. Poptech 10/06/17 08:14:01 AM
#321827   More NFC: Be Confident 10/05/17 09:40:04 PM
#321826   Lesn, please clarify. Who/what is TheCol? Be Confident 10/05/17 01:49:31 PM
#321825   BC: According to TheCol. (anybody can call and lesnshawn 10/05/17 12:47:47 PM
#321824   be: It is not a reverse merger Poptech 10/05/17 11:37:21 AM
#321823   scania: If you give that phone number, listed Poptech 10/05/17 11:24:32 AM
#321822   https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=109189 scania4 10/05/17 09:18:25 AM
#321821   rocket: The assignment of the patents from Poptech 10/05/17 09:01:30 AM
#321820   LMAO ha ha ha ha ha!!! Or Be Confident 10/05/17 08:54:11 AM
#321819   I mean, you have to have big eggs rocket18 10/05/17 08:43:36 AM
#321818   Lesn, Is it possible the Chill was lifted at Be Confident 10/05/17 08:37:26 AM
#321817   I could still use a bit of clarification Be Confident 10/05/17 08:32:26 AM
#321816   I am also! Be Confident 10/05/17 08:29:59 AM
#321815   This app is a perfect example of RFID Be Confident 10/05/17 08:29:05 AM
#321814   I agree. Google is very far. rocket18 10/05/17 08:27:41 AM
#321813   Everything possible. I am excited which way it rocket18 10/05/17 08:23:17 AM
PostSubject