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NeoMedia Technologies, Inc (NEOM)

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Last Post: 1/23/2017 1:48:07 AM - Followers: 937 - Board type: Free - Posts Today: 2

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
#319092   This POS has traded for years a lot jacksira 01/23/17 01:48:07 AM
#319091   You do not get the consept. Would you tundra1 01/23/17 01:02:07 AM
#319090   You spent 10 bucks to make a 5 JEFFROCOLETRAIN 01/22/17 11:25:48 PM
#319089   seems the only one pissed off is you?! JEFFROCOLETRAIN 01/22/17 10:19:52 PM
#319088   I do :) SterlingArcher1 01/22/17 10:05:54 PM
#319087   I don't think anyone would want to get jacksira 01/22/17 10:03:20 PM
#319086   It's called an APO...REVERSE merger...its a way for SterlingArcher1 01/22/17 09:59:21 PM
#319085   NEVER! Would be to soon they aren't even jacksira 01/22/17 09:58:25 PM
#319084   Whens this shell going to get bought out SterlingArcher1 01/22/17 09:46:56 PM
#319083   What signals? rocket18 01/21/17 03:36:10 PM
#319082   whiz: For YA to do that, NeoMedia Poptech 01/21/17 12:31:34 PM
#319081   Patent Blockchain Technology? rocket18 01/21/17 12:15:11 PM
#319080   I keep my stock until the end of rocket18 01/21/17 11:39:44 AM
#319079   Very possible & that's why I said the whizknock 01/21/17 10:33:42 AM
#319078   whiz: It is only a matter of Poptech 01/21/17 10:27:19 AM
#319077   Once every few years something like this happens. tundra1 01/21/17 01:49:20 AM
#319076   Isn't this blatant fraud by the market makers jacksira 01/20/17 10:47:46 PM
#319075   Highly unlikely. YA milked this cow over the jacksira 01/20/17 10:44:09 PM
#319074   As I said in my post,,, my 5033334 whizknock 01/20/17 09:55:50 PM
#319073   YES! The immaculate 5 million share trade that WarMachine 01/20/17 08:06:27 PM
#319072   Why are these "sold" shares not showing up jacksira 01/20/17 07:44:41 PM
#319071   Today, I bought 50K to take out of tundra1 01/20/17 04:51:58 PM
#319070   why? you can buy them right back same JEFFROCOLETRAIN 01/20/17 02:56:47 PM
#319069   Dr. PSS taking this for one of his PinkZombie 01/20/17 11:43:47 AM
#319068   I think York has processed their debt with whizknock 01/20/17 11:26:56 AM
#319067   I find it odd that anyone who wants PinkZombie 01/20/17 11:14:12 AM
#319066   Okay Pop. So what's up? This is not whizknock 01/20/17 10:51:20 AM
#319065   pink: The debt has not been Poptech 01/20/17 10:40:10 AM
#319064   Just because it shows 3 million on the PinkZombie 01/20/17 10:16:52 AM
#319063   Well with only just over 3 mill on inforthemoney2 01/20/17 09:58:29 AM
#319060   Yeah, but when the CFO of the company WarMachine 01/19/17 07:10:14 PM
#319059   If the debtor got everything then they can PinkZombie 01/19/17 07:02:49 PM
#319058   CAREFUL FOLKS! Looks like a group has accumulated WarMachine 01/19/17 06:43:03 PM
#319057   Please explain how a debt ridden POS shell WarMachine 01/19/17 06:40:46 PM
#319056   I picked up 5million a week ago for SterlingArcher1 01/19/17 02:05:05 PM
#319055   What they may have is a clean shell. tundra1 01/19/17 01:48:59 PM
#319054   This thing waking up? Only 7mill left at 0001 SterlingArcher1 01/19/17 12:53:46 PM
#319053   wow.NEOM is alive. look @the volume upanddown66 01/19/17 12:35:46 PM
#319050   I will be waiting. How many months has jacksira 01/16/17 06:29:51 PM
#319049   Contact # 201.985.8300 -- [email protected] DeafTrader2 01/16/17 11:55:11 AM
#319048   FY 2012 Naughty Naughty DeafTrader2 01/16/17 11:45:38 AM
#319047   Interested to hear your comment if NEOM goes momentum858 01/16/17 11:16:38 AM
#319046   Most likely just another dirty shell pump and dump WarMachine 01/16/17 09:43:47 AM
#319045   There seems to be accumulation happening but the no_brag_just_fact 01/16/17 07:52:01 AM
#319044   For those who tout this Ticker can feel DeafTrader2 01/15/17 02:17:45 PM
#319043   You and Jack are CORRECT! NEOM shareholders have WarMachine 01/15/17 10:41:45 AM
#319042   Yorkville Advisors is a legitimate financial agency in DeafTrader2 01/15/17 08:09:24 AM
#319040   Sorry you don't own the shares in the jacksira 01/14/17 01:04:00 AM
#319039   Keep dreaming there are BILLIONS of shares, it jacksira 01/14/17 12:58:52 AM
#319038   MMs need buyers. They bought at a FRACTION WarMachine 01/13/17 12:39:14 PM
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