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NeoMedia Technologies, Inc (NEOM)

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Last Post: 3/24/2017 9:48:02 PM - Followers: 935 - 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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PostSubject
#319436  Sticky Note Neomedia exists. Go to Boulder to see for Personalizit 03/15/17 12:43:53 PM
#318940  Sticky Note MORE PROPER DD for everybody concerned as to WarMachine 11/27/16 10:02:19 AM
#319455   Only trades for the suckers/pumpers/traders who haven't a yellowjacket 03/24/17 09:48:02 PM
#319454   5200 volume today no bid or ask. Does tundra1 03/24/17 12:00:08 PM
#319453   nofo: We a lot volume and no Poptech 03/22/17 11:00:54 AM
#319452   Pop, I must not have been watching closely nofortunateson2 03/21/17 11:47:01 PM
#319451   Yep, the hype and flip didn't work out WarMachine 03/21/17 03:03:45 PM
#319450   nofo: They gave it a college try Poptech 03/21/17 10:22:20 AM
#319449   Pop, someone will eventually hype this stock or nofortunateson2 03/21/17 09:54:39 AM
#319447   nofo: You need a shell for Poptech 03/21/17 08:15:33 AM
#319446   This stock still could have a bump up nofortunateson2 03/20/17 03:31:07 PM
#319445   I am surprised she was mentioned in Linkin jacksira 03/19/17 05:39:38 PM
#319444   Correct... no_brag_just_fact 03/16/17 08:51:00 AM
#319443   no: Such a high standard. Poptech 03/16/17 08:48:02 AM
#319442   person: NeoMedia's headquarters closed in 2016 and Poptech 03/16/17 08:44:15 AM
#319440   Person-I looked up their address on Monday, says diarch 03/15/17 06:10:57 PM
#319438   Wasn't discussing the relevancy of QR codes. I WarMachine 03/15/17 12:49:19 PM
#319437   LOL Nobody is doubting "Neomedia" existing. They just WarMachine 03/15/17 12:47:00 PM
#319436   Neomedia exists. Go to Boulder to see for Personalizit 03/15/17 12:43:53 PM
#319434   Do not sell at 0.00001$ TARKA2 03/14/17 09:03:09 PM
#319433   still trading no_brag_just_fact 03/13/17 03:54:46 PM
#319432   What is this-a bald men's convention at the diarch 03/13/17 02:04:42 PM
#319431   If QR Codes are so irrelevant,,why are still Decarz 03/13/17 12:14:28 PM
#319429   person: Ah, so normally a company would Poptech 03/13/17 10:35:53 AM
#319428   "Like that" and "that" are 2 different things. Personalizit 03/13/17 10:10:29 AM
#319427   person: No interpretation was necessary. Poptech 03/13/17 10:07:22 AM
#319426   I am sorry you misinterpreted what I said. Personalizit 03/13/17 09:42:04 AM
#319425   person: Yesterday, you insisted that corporations would Poptech 03/13/17 09:37:03 AM
#319424   It has been my experience with more than Personalizit 03/13/17 08:46:57 AM
#319423   person: No, that is not real. Poptech 03/13/17 08:33:24 AM
#319422   neom: As you previously pointed out, that Poptech 03/13/17 08:28:16 AM
#319421   Legitimate public companies always respond to questions that WarMachine 03/13/17 07:53:54 AM
#319420   Remember our billionaire investor Patrick Soon Shiong? NantHealth? Personalizit 03/12/17 11:16:57 PM
#319419   NM is an innovative public company focused on neomania 03/12/17 08:53:39 PM
#319418   What happens all the time is that companies Personalizit 03/12/17 07:37:54 PM
#319417   person: Sure, companies want to keep it Poptech 03/12/17 06:40:13 PM
#319416   Companies very rarely answer questions like that. You Personalizit 03/12/17 04:09:06 PM
#319415   That's history. Moving forward? Go "M" tundra1 03/12/17 03:51:56 PM
#319414   YA made way more than they lost on jacksira 03/12/17 12:54:56 AM
#319413   Want to test out NeoReader's capabilities? Try our CptChemtrail 03/11/17 10:02:26 PM
#319412   Last Tweet was yesterday: CptChemtrail 03/11/17 09:59:24 PM
#319411   https://twitter.com/getneoreader A running website and Twitter pages CptChemtrail 03/11/17 09:49:10 PM
#319410   neomania-champagne sans CO2. Those corks won't pop. diarch 03/11/17 11:03:35 AM
#319409   Diarch the Champagne is on ice. neomania 03/11/17 10:40:50 AM
#319408   SO, the attempt to garner clarity from NM, WarMachine 03/11/17 09:32:50 AM
#319407   vines-its all coming back like a strange apparition, diarch 03/10/17 10:24:27 PM
#319406   Yes Diarch It must have been the really vines3 03/10/17 06:09:12 PM
#319405   pop: LOL. keepitrealplease 03/10/17 05:08:16 PM
#319404   war: Maybe YA will NeoMedia $1m so Poptech 03/10/17 04:44:48 PM
#319403   SELL...oh I cant.... CptChemtrail 03/10/17 03:15:49 PM
#319402   stuck......did it again...sh*t CptChemtrail 03/10/17 03:14:49 PM
#319401   Alt of new bag holders ticker99 03/10/17 01:50:54 PM
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