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NeoMedia Technologies, Inc (NEOM)

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Last Post: 6/28/2017 7:47:47 AM - Followers: 937 - 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
#320289  Sticky Note Popt: Hahaha!!! DTC CHILL LIFTED !! lesnshawn 05/08/17 12:09:01 PM
#318940  Sticky Note MORE PROPER DD for everybody concerned as to WarMachine 11/27/16 10:02:19 AM
#320718   nice: The core patents expired two years ago. Poptech 06/28/17 07:47:47 AM
#320717   http://www.primzahlen.org/ rocket18 06/28/17 05:45:45 AM
#320716   https://primes.utm.edu/curios/page.php/2000003.html Bentobox 06/28/17 04:45:11 AM
#320715   So is this a dead stick or what? nicehit 06/27/17 12:32:01 PM
#320714   rocket: "The number of outstanding shares of the Poptech 06/27/17 11:18:09 AM
#320713   And in addition, there are only about 1 rocket18 06/27/17 10:16:05 AM
#320712   rocket18: You continue to misunderstand the "assignment" record. keepitrealplease 06/27/17 10:06:57 AM
#320711   rocket: You have never once shown that Poptech 06/27/17 10:06:39 AM
#320710   That is not true. I have written it rocket18 06/27/17 10:04:26 AM
#320709   Be Confident: Re: "...they held the most important keepitrealplease 06/27/17 09:44:04 AM
#320708   Last year iHubbers initially shunned the notion that Be Confident 06/27/17 09:03:06 AM
#320707   https://www.facebook.com/pg/LikeNeoReader/posts/?ref=page_internal rocket18 06/27/17 07:53:57 AM
#320706   Hold!!! rocket18 06/27/17 06:09:43 AM
#320705   I'm very excited !!! rocket18 06/27/17 02:54:11 AM
#320704   It has begun: Be Confident 06/26/17 10:33:42 PM
#320703   be: NeoMedia has no revenues. Poptech 06/26/17 09:31:57 AM
#320702   Precisely my original mantra :-) Be Confident 06/25/17 07:32:49 PM
#320701   Excellent! Thank you Rocket! Be Confident 06/25/17 07:29:55 PM
#320700   Isnt this the day the Yankees come back Bentobox 06/25/17 04:01:05 PM
#320699   http://www.rexblog.com/2012/05/13/47671 Bentobox 06/25/17 03:50:44 PM
#320698   Have you ever seen the movie Frequency and Bentobox 06/25/17 03:49:16 PM
#320697   They should have paid more! I have a Bentobox 06/25/17 03:46:20 PM
#320696   Bentobox: The vast majority of the one-time, non-recurring keepitrealplease 06/25/17 03:13:04 PM
#320695   Have you ever seen the show "Shark Tank"? Bentobox 06/25/17 02:17:54 PM
#320694   USA: Netclearance Inc. 306 North West El Norte rocket18 06/25/17 01:24:34 PM
#320693   http://www.netclearance.com/press-release-archive/2017/netclearance-releases-mbe rocket18 06/25/17 01:22:09 PM
#320692   Nothing to thank for. I will continue researching rocket18 06/25/17 11:39:49 AM
#320691   That is fine. You and I have Be Confident 06/25/17 10:50:39 AM
#320690   This time the r/s will not hurt us. Be Confident 06/25/17 10:42:49 AM
#320689   rocket18: Are you really sure? keepitrealplease 06/25/17 09:31:15 AM
#320688   Didn't that already happen? With the Qodescan/chodescan merger?! LoL! Bentobox 06/25/17 05:07:15 AM
#320687   I agree gree and my password is password Bentobox 06/25/17 05:04:29 AM
#320686   I'm sure this has to do with the rocket18 06/25/17 04:04:15 AM
#320685   Incidentally, I do not believe that there is rocket18 06/25/17 03:25:58 AM
#320684   I do not care if there is still rocket18 06/25/17 03:23:24 AM
#320683   Be: There is no new patent status Poptech 06/24/17 06:02:05 PM
#320682   In times of doubt, I suggest refocusing on Be Confident 06/24/17 05:54:32 PM
#320681   bent: They are amazingly untrue 'things.' Poptech 06/24/17 05:43:13 PM
#320680   Thank you and rocket. Very interesting and thankful Bentobox 06/24/17 05:33:29 PM
#320679   scania: Reel/frame 039622/0662 Execution date Poptech 06/24/17 05:18:37 PM
#320678   be: There is only one entity that Poptech 06/24/17 05:17:06 PM
#320677   Be: NM, LLC, owned by YA, still owns Poptech 06/24/17 05:13:44 PM
#320676   Precisely! ;-) Be Confident 06/24/17 05:01:18 PM
#320675   Rocket has proven himself one who engages in Be Confident 06/24/17 04:59:43 PM
#320674   Cheers Scania! Thank you Be Confident 06/24/17 04:54:09 PM
#320673   Bento, All of the nonsense and this endless rollercoaster Be Confident 06/24/17 04:50:17 PM
#320672   That's the way it is. rocket18 06/24/17 04:46:14 PM
#320671   Additionally regarding the chill. I use a few Bentobox 06/24/17 04:39:19 PM
#320670   After only spending a few minutes I feel Bentobox 06/24/17 04:33:31 PM
#320669   https://assignment.uspto.gov/patent/index.html#/patent/search/resultAbstract?id= scania4 06/24/17 04:25:37 PM
PostSubject