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NeoMedia Technologies, Inc (NEOM)

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Last Post: 1/19/2017 9:14:17 PM - 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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#318940  Sticky Note MORE PROPER DD for everybody concerned as to WarMachine 11/27/16 10:02:19 AM
#319061   Wow War, you be an angry bird. I tundra1 01/19/17 09:14:17 PM
#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
#319037   000zzzz are INSANELY hot NOW!!!! look what MLC_ momentum858 01/13/17 10:19:50 AM
#319036   NEOM ALREADY 2.5Mv!!! keep it up at THIS momentum858 01/13/17 10:18:20 AM
#319035   Whats with the vol over the last several inforthemoney2 01/13/17 10:10:07 AM
#319034   Appears 0001 could be gone by end of momentum858 01/13/17 12:08:45 AM
#319030   That's the key! Only put up what you Bigfootbud 01/12/17 10:01:01 PM
#319028   Yup, I like high risk high reward, its SterlingArcher1 01/12/17 09:56:51 PM
#319027   :) Back in the day I was in Bigfootbud 01/12/17 09:55:58 PM
#319026   .0001 x 5000000 SterlingArcher1 01/12/17 09:46:09 PM
#319025   Curious if you paid less than .0001 for Bigfootbud 01/12/17 09:44:26 PM
#319024   Sure a whole lot of pumping going on ticker99 01/12/17 05:02:02 PM
#319023   Picked up 5million. This goes reverse merger it'll SterlingArcher1 01/12/17 12:05:20 PM
#319022   is this a clean shell? no_brag_just_fact 01/12/17 11:07:16 AM
#319021   looks interesting here... no_brag_just_fact 01/12/17 11:06:12 AM
#319020   Might as well be. Just another broken POS WarMachine 01/11/17 06:09:59 AM
#319019   Is this a pot stock? Termite7 01/10/17 11:25:51 PM
#319018   When NM Inc. is a clean empty shell, TARKA2 01/10/17 06:08:37 PM
#319017   WarMachine: We're on the same side. keepitrealplease 01/10/17 01:42:22 PM
#319016   I was in a stock a few years no_brag_just_fact 01/10/17 01:19:59 PM
#319015   Sorry, you are totally wrong. If YA doesn't WarMachine 01/10/17 01:02:38 PM
#319014   no_brag_just_fact: Do you not know that all NEOM keepitrealplease 01/10/17 12:47:11 PM
#319013   jacksira: YA does not run NEOM. After default keepitrealplease 01/10/17 12:43:19 PM
#319012   Wouldn't YA needed to sell off the assets jacksira 01/10/17 12:02:09 AM
#319011   Is it possible that YA wants to make no_brag_just_fact 01/09/17 09:55:52 PM
#319010   You too!! wilma6311 01/09/17 06:45:42 PM
#319009   I honestly don't know what's going on. I wilma6311 01/09/17 06:45:21 PM
#319008   Good luck Wilma. Brandywhitneylady 01/09/17 06:12:22 PM
#319007   I hold! TARKA2 01/09/17 06:10:34 PM
#319006   My shares sold today. Sayonara NEOM and wilma6311 01/09/17 04:06:00 PM
#319005   jack.... why would they BUY mine???? Bigfootbud 01/09/17 01:48:01 PM
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