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NeoMedia Technologies, Inc (NEOM)

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Last Post: 4/26/2017 9:39:45 AM - Followers: 933 - Board type: Free - Posts Today: 21

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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#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
#319794   Bid keeps growing.. Looks like this thing is inforthemoney2 04/26/17 09:53:45 AM
#319793   This is an assignment of the patents of rocket18 04/26/17 09:39:45 AM
#319792   Agree Pop. Still smoldering. I hope jack didn't diarch 04/26/17 09:38:22 AM
#319791   Cheers Personalizit, Be Confident 04/26/17 09:36:22 AM
#319790   rocket: That is not an assignment. Poptech 04/26/17 09:33:37 AM
#319789   Assignee name NEOMEDIA!!! rocket18 04/26/17 09:28:59 AM
#319788   diarch: Folks just can't look away from Poptech 04/26/17 09:26:18 AM
#319787   rocket: Your proof shows the patents are Poptech 04/26/17 09:23:40 AM
#319786   lesn: I sent you the link. Poptech 04/26/17 09:21:33 AM
#319785   BTW-where's jack s now that an audience has diarch 04/26/17 09:16:27 AM
#319784   NeoMedia are again in possession of their patents. rocket18 04/26/17 09:14:02 AM
#319783   pink: At today's prices, your proposal would Poptech 04/26/17 09:07:01 AM
#319782   Popt: Show us proof that NEOM owes the lesnshawn 04/26/17 09:03:07 AM
#319781   Bingo!!! sonofgodzilla 04/26/17 09:02:01 AM
#319780   Sorry. I paraphrased. That is not a quote. PinkZombie 04/26/17 09:01:49 AM
#319779   They will make hundreds of millions of dollars PinkZombie 04/26/17 08:57:24 AM
#319778   pink: YA is now a benevolent benefactor of Poptech 04/26/17 06:12:11 AM
#319777   What are you "quoting"? That wasn't in MY post. WarMachine 04/26/17 06:09:33 AM
#319776   Be: According to Delaware Secretary of State, Poptech 04/26/17 05:59:14 AM
#319775   Nice catch Be Confident Personalizit 04/26/17 01:46:10 AM
#319774   Ya is history. NeoMedia paid their debts. rocket18 04/26/17 01:07:16 AM
#319773   'sonofgodzilla'? to the contrary, it's Bye-Bye to everyone's ib12u 04/25/17 11:01:24 PM
#319772   I was just stating that someone is buying nofortunateson2 04/25/17 11:00:28 PM
#319771   By by! sonofgodzilla 04/25/17 10:55:10 PM
#319770   'PinkZombie'? Thanks for posting me from here! ib12u 04/25/17 10:53:26 PM
#319769   I'm sure glad that YA WAS reassigned the sonofgodzilla 04/25/17 10:51:02 PM
#319768   $$$NEOM$$$ LOOKING BETTER AND BETTER EVERY DAY! Bigger sonofgodzilla 04/25/17 10:10:02 PM
#319767   To All: Be Confident 04/25/17 09:05:16 PM
#319766   ticker99, the "buyer" "seller" function, which of course PinkZombie 04/25/17 07:30:28 PM
#319765   "It has to be a tax deduction" - PinkZombie 04/25/17 07:15:59 PM
#319764   So, someone wants $20K worth of shares. Sounds WarMachine 04/25/17 06:43:04 PM
#319763   NEOM - There are buyers - 203,000,000 Shares sidsaldanha 04/25/17 12:08:28 PM
#319762   Allow me to inform you that there is PinkZombie 04/25/17 12:05:39 PM
#319761   rocket: Yes, that is the filing date Poptech 04/25/17 12:03:31 PM
#319760   Huge bid support this thing is going to Hedgefundanalyst 04/25/17 12:02:40 PM
#319759   rocket18: I provided the USPTO link to the keepitrealplease 04/25/17 11:58:39 AM
#319758   In order to sell you have to have buyers ticker99 04/25/17 11:52:53 AM
#319757   Date recorded rocket18 04/25/17 11:22:49 AM
#319756   rocket: You are misreading the assignments partly Poptech 04/25/17 11:18:58 AM
#319755   go,go,go rocket18 04/25/17 11:13:00 AM
#319754   Doesn't look like anyone else wants to sell. PinkZombie 04/25/17 11:11:17 AM
#319753   https://assignment.uspto.gov/patent/index.html#/patent/search/result?id=NeoMedia rocket18 04/25/17 11:10:57 AM
#319752   wow nice bid!! $NEOM nungpoh 04/25/17 10:58:35 AM
#319751   'inforthemoney2'? NEOM Needs ACTION? ok THERE! ib12u 04/25/17 10:39:32 AM
#319750   Bid support is there just need some action inforthemoney2 04/25/17 10:22:13 AM
#319748   It's 202 million ON THE BID. PinkZombie 04/25/17 10:05:46 AM
#319747   Liking the way you think Rocket. tundra1 04/25/17 10:02:41 AM
#319746   rocket: There is no such things as Poptech 04/25/17 10:01:40 AM
#319744   rocket: Yes, NM, LLC now owns all Poptech 04/25/17 09:58:36 AM
#319743   NEOM - Totally agree. You know when you sidsaldanha 04/25/17 09:57:49 AM
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