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NeoMedia Technologies, Inc (NEOM)

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Last Post: 8/23/2017 12:30:17 PM - Followers: 936 - 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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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
#321338   pop / big: After the key patents expired, keepitrealplease 08/23/17 12:30:17 PM
#321337   big: NM, LLC is being used to Poptech 08/23/17 08:58:24 AM
#321336   Pop... thanks! :) Why was NM, LLC even created? Bigfootbud 08/22/17 09:52:36 PM
#321335   A tidbit from a little known company by Be Confident 08/22/17 08:39:12 PM
#321333   bud: No. There are three minimum requirements to Poptech 08/22/17 02:25:07 PM
#321332   Pop... doesn't that default render NEOM an empty shell?? Bigfootbud 08/22/17 02:14:53 PM
#321331   rocket: No idea. They let you Poptech 08/22/17 01:33:50 PM
#321330   What do you think when NeoMedia is excluded rocket18 08/22/17 12:58:13 PM
#321329   rocket: Yes, the government is not very Poptech 08/22/17 11:57:08 AM
#321328   This has been over a year ago and rocket18 08/22/17 11:48:50 AM
#321327   rocket: https://www.sec.gov/Archives/edgar/data/1022701/000114420416107279/v441 Poptech 08/22/17 11:37:37 AM
#321326   What hints. rocket18 08/22/17 11:21:05 AM
#321325   Well if YA is not benevolent, then you PinkZombie 08/22/17 11:06:49 AM
#321324   Source? rocket18 08/22/17 11:01:39 AM
#321323   pink: We have an enormous clue on Poptech 08/22/17 10:58:27 AM
#321322   http://techstory.in/google-wallet-hands-free-payment/ rocket18 08/22/17 10:51:54 AM
#321321   Pop I don't know what, if anything, YA PinkZombie 08/22/17 10:35:43 AM
#321320   pink: Let's pretend for a second that Poptech 08/22/17 10:17:33 AM
#321318   tundra: No 'new entity' has taken NeoMedia's Poptech 08/22/17 08:31:37 AM
#321317   tundra: Why would have YA terminated a deal Poptech 08/22/17 08:29:55 AM
#321316   big: As a non-reporting entity, NEOM cannot Poptech 08/22/17 08:21:37 AM
#321315   Big, that is one instrument to complete the tundra1 08/22/17 07:59:44 AM
#321314   These days a new app seems to launch Be Confident 08/21/17 11:42:49 PM
#321313   Interesting that suddenly between mid July and beginning Be Confident 08/21/17 11:23:06 PM
#321312   tundra..... you mean a reverse merger? NM, LLC Bigfootbud 08/21/17 11:13:27 PM
#321311   Ok I will explain. As the subject is tundra1 08/21/17 10:18:51 PM
#321310   "new is eminate" New is what? Please explain WarMachine 08/21/17 08:58:11 PM
#321309   Hal, The words "about to" may be a bit Be Confident 08/21/17 08:32:45 PM
#321308   This post may be worth a Sticky atop Be Confident 08/21/17 08:18:52 PM
#321305   pink: $10.00 traded today, and that is Poptech 08/21/17 04:32:46 PM
#321304   Well said Pink. tundra1 08/21/17 03:44:24 PM
#321303   Let's not minimize what is happening. You keep PinkZombie 08/21/17 03:09:35 PM
#321301   tundra: It is the same position since last Poptech 08/21/17 09:07:04 AM
#321298   tundra: None of it relates to the Poptech 08/21/17 08:25:40 AM
#321297   hal: NeoMedia closed their doors so there Poptech 08/21/17 08:20:50 AM
#321296   Be: NEOM no longer owns any patents. Key keepitrealplease 08/21/17 07:56:08 AM
#321295   right. think also. may fly upanddown66 08/21/17 03:53:23 AM
#321294   NEOM ABOUT TO EXPLODE, SOMETHING COOKING $$$$$, HOPE halbroke1 08/21/17 01:10:23 AM
#321293   I remain on subject. All applications are Be Confident 08/20/17 11:21:40 PM
#321292   You the MAN Be, I have learned plenty tundra1 08/20/17 10:42:25 PM
#321291   Tundra, As you are aware, I have posted repeticiously Be Confident 08/20/17 10:39:08 PM
#321290   Be, how does this information relate to NEOM., tundra1 08/20/17 10:26:57 PM
#321289   Tundra, I thought you might like to see a Be Confident 08/20/17 06:12:32 PM
#321288   Yes indeed :-) Be Confident 08/20/17 05:53:41 PM
#321287   Few days of high volume, a great hint tundra1 08/20/17 04:59:15 PM
#321286   https://scanova.io/blog/blog/2017/08/07/gopay-philippines/ Best, Be Confiden Be Confident 08/20/17 04:57:06 PM
#321285   justice will be served to neom shareholders in neomania 08/20/17 12:30:10 PM
#321284   tundra: I have no idea what that means. Poptech 08/20/17 11:00:17 AM
#321283   Either that senerio or another, imo new is eminate. tundra1 08/20/17 10:10:42 AM
#321282   person: It is not mysterious. Someone Poptech 08/20/17 07:52:41 AM
PostSubject