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NeoMedia Technologies, Inc (NEOM)

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Last Post: 12/15/2017 12:56:27 PM - Followers: 928 - Board type: Free - Posts Today: 0

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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.

OK folks, It has now come to the point where there seems to be some misdirection, going on.
Just to be perfectly CLEAR, NeoMedia Inc, this company, and the NEOM ticker have lost everything. See above from a company officers comment.
The financier, Yorkville, grabbed everything when they forced NeoMedia Inc to pay their debt.
Yorkville took ALL ASSETS PRIVATE under the name NM, LLC and can still use the name NeoMedia that was on the assets.
Be fully aware that NM, LLC IS NOT the "NM" that is being referred to. If you aren't sure when you see just "NM" being thrown around, ASK!
Do not let this confusion fool you into thinking NeoMedia Inc/NEOM has any income/benefit from NM, LLC. THEY DO NOT.

 

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
#322228   Nothing in particular to IBM, unless you are Be Confident 12/15/17 12:56:27 PM
#322227   scan: No, he is just saying the Poptech 12/15/17 08:53:46 AM
#322226   Does that have something to do with IBM? scania4 12/15/17 05:47:35 AM
#322225   Enormous industry news in the media today! Be Confident 12/14/17 08:41:49 PM
#322224   be: NeoMedia gave back its shares in Mobot. Poptech 12/12/17 11:13:26 AM
#322223   PRECISELY! ...Happy Holidays! ;-) Be Confident 12/11/17 05:45:02 PM
#322222   PS: I am also awaiting the launch of Be Confident 12/11/17 05:42:31 PM
#322221   BC: And, why bother to improve advertising w/ lesnshawn 12/11/17 05:33:18 PM
#322220   Lesn, I tend to feel we are due for Be Confident 12/11/17 05:30:46 PM
#322219   lesn: Sure because companies give up their Poptech 12/10/17 06:22:22 PM
#322218   scania: And advertising NEOM.us? lns_eom lesnshawn 12/10/17 11:30:43 AM
#322217   CARD Fritz Walter = mobile Payment? scania4 12/10/17 09:06:14 AM
#322216   It is coming Scania, it is coming :-) Be Confident 12/07/17 12:36:05 AM
#322215   NeoReader Facebook SDK ;-) scania4 12/07/17 12:19:23 AM
#322214   Interesting: Just as Neom.com is gone, and allegedly Neomedia Be Confident 12/06/17 09:24:36 PM
#322213   Interesting that just as we have not witnessed Be Confident 12/06/17 08:54:16 PM
#322212   LOL!!! BUYER BEWARE THIS GARBAGE. IT IS TOAST!!!!! wilma6311 12/06/17 02:14:37 PM
#322211   More spam news from Be Confident. When will keepitrealplease 12/05/17 02:07:33 PM
#322210   This just out: Be Confident 12/05/17 12:51:22 PM
#322209   Be Confident: Waiting for what company? This has keepitrealplease 12/05/17 08:46:25 AM
#322208   BOOOMMM!! As all are aware, I have been awaiting Be Confident 12/04/17 08:06:53 PM
#322207   Don't recall any newspaper but they were in WarMachine 12/04/17 12:01:54 PM
#322206   Watch out !!! tank_man 12/04/17 11:24:24 AM
#322205   war: So NeoMedia is not in the Poptech 12/04/17 09:11:04 AM
#322204   Is something in the bush? scania4 12/04/17 08:05:02 AM
#322203   Careful folks! If you are new to this WarMachine 12/04/17 05:50:22 AM
#322202   Be Confident: What does this have to do keepitrealplease 12/03/17 08:03:45 AM
#322201   be: Front-facing cameras came after rear-facing cameras. Poptech 12/02/17 07:51:23 PM
#322200   https://techcrunch.com/2017/12/01/a-prescription-for-healing-the-healthcare-indu Be Confident 12/02/17 05:47:06 PM
#322199   I remain focused toward the launch of a Be Confident 12/02/17 05:33:10 PM
#322198   Yes it does. Good to see full Be Confident 12/02/17 05:10:33 PM
#322197   NeoReater supports Frontkammera. scania4 12/02/17 02:07:50 AM
#322196   be: Scanbuy filed one re-exam on the Poptech 12/01/17 11:16:16 PM
#322195   be: NeoMedia and the logo are not Poptech 12/01/17 10:56:03 PM
#322194   It would have been far too simple to Be Confident 12/01/17 08:06:18 PM
#322193   What does this mean?.. To me a "Google, Be Confident 12/01/17 07:57:16 PM
#322192   Who's excited for the new month ahead??? scania4 12/01/17 11:17:08 AM
#322191   Be Confident: No news or conspiracy story here. keepitrealplease 12/01/17 11:06:34 AM
#322190   rocket: It means that NeoReader can open Poptech 12/01/17 10:36:51 AM
#322189   https://scontent-ams3-1.xx.fbcdn.net/v/t1.0-9/23795043_1932768850073079_678 rocket18 12/01/17 07:14:33 AM
#322188   What does that mean? rocket18 12/01/17 12:51:34 AM
#322187   In addition to both the Scanlife and Shopsavvy Be Confident 11/30/17 10:22:03 PM
#322186   Scania, Have you taken the opportunity to investigate the Be Confident 11/30/17 10:18:45 PM
#322185   This article speaks to Snapchat (among others): Be Confident 11/30/17 10:11:08 PM
#322184   I believe I may better understand what is Be Confident 11/30/17 08:07:51 PM
#322183   How did I miss this?! Throughout this Be Confident 11/30/17 07:34:17 PM
#322182   More spam news from Be Confident that has keepitrealplease 11/30/17 09:29:53 AM
#322180   Samsung Pay and VISA: Be Confident 11/29/17 09:43:33 PM
#322179   Big Day. $200 on the news that Poptech 11/29/17 05:43:20 PM
#322178   Be Confident: Actually, nothing interesting at all. As keepitrealplease 11/29/17 07:31:48 AM
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