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NeoMedia Technologies, Inc (NEOM)

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Last Post: 12/1/2016 7:09:23 AM - Followers: 940 - 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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NEOM News: Current Report Filing (8-k) 06/07/2016 04:14:17 PM
PostSubject
#318940  Sticky Note MORE PROPER DD for everybody concerned as to WarMachine 11/27/16 10:02:19 AM
#318957   This is an interesting look at the backroom Poptech 11/29/16 08:59:19 AM
#318956   neom: NM was designed a straight-up patent Poptech 11/29/16 08:58:22 AM
#318954   Oh really. Please post where this was confirmed WarMachine 11/28/16 09:36:49 PM
#318953   "NM" is for NEW MEDIA has been confirmed neomania 11/28/16 06:00:43 PM
#318951   WarMachine you are wasting gray matter these two jacksira 11/27/16 10:09:34 PM
#318949   PROPER DD proves HUITT removed from CFO as WarMachine 11/27/16 06:24:08 PM
#318947   LOL, Barry S. Baer was just 7 scania4 11/27/16 04:35:42 PM
#318946   OCTOBER 30, 2015 10Q and who signed as WarMachine 11/27/16 04:10:27 PM
#318945   100% FALSE STATEMENT! Barry S. Baer DID NOT WarMachine 11/27/16 04:03:20 PM
#318943   https://www.xing.com/profile/Jeff_Huitt scania4 11/27/16 02:34:21 PM
#318942   LOL, Barry S. Baer is separated from NeoMedia scania4 11/27/16 02:27:31 PM
#318940   MORE PROPER DD for everybody concerned as to WarMachine 11/27/16 10:02:19 AM
#318939   "NM" Abbreviation for New Mexico !!! WarMachine 11/27/16 08:54:27 AM
#318938   scan: NM means "no more" NeoMedia. Poptech 11/27/16 08:52:08 AM
#318937   jacksira: No worries, they will come up with keepitrealplease 11/27/16 06:21:58 AM
#318936   scania4: Irrelevant. keepitrealplease 11/27/16 06:19:45 AM
#318935   "NM" Abbreviation for NeoMedia !!! scania4 11/27/16 02:39:01 AM
#318934   Oh no say it isn't so? You are jacksira 11/26/16 05:10:16 PM
#318933   Poptech: That is the last iPhone update. NeoReader keepitrealplease 11/26/16 05:06:01 PM
#318932   be: The last update of NeoReader, version Poptech 11/26/16 09:05:51 AM
#318931   be: NeoMedia cannot be in a reverse Poptech 11/26/16 09:01:37 AM
#318930   be: QR codes, like all barcodes, are Poptech 11/26/16 08:58:52 AM
#318927   Lmao just let it RIP IamBaphomet 11/25/16 11:03:04 PM
#318923   "NeoMedia patents, who owns them" NOT NeoMedia! LMAO!!! WarMachine 11/25/16 07:28:10 AM
#318922   Scania, "Any machine readable input" is the key IMO. Be Confident 11/24/16 04:03:12 PM
#318921   What is it with BE why won't he jacksira 11/24/16 02:43:35 PM
#318919   There are many providers for mobile payment but scania4 11/24/16 02:11:35 PM
#318918   Perhaps you may be right: Be Confident 11/24/16 11:43:18 AM
#318917   Unfortunately, Scania, I do not feel it will Be Confident 11/24/16 11:34:46 AM
#318916   'WarMachine'? it's becoming apparent that "Defunct Companies" like ib12u 11/24/16 08:14:45 AM
#318915   Well la de dah. Good for them. It WarMachine 11/24/16 04:33:45 AM
#318914   I think it will happen soon what will scania4 11/24/16 02:54:30 AM
#318913   PS: They updated Neoreader today. For Be Confident 11/23/16 09:46:55 PM
#318912   WarMachine, I do not have a single share up Be Confident 11/23/16 09:38:50 PM
#318911   I found it quite enlightening that the shareholders WarMachine 11/23/16 11:40:25 AM
#318910   be: The operations of MPR, 12Snap, Telecom Services, Sponge Poptech 11/23/16 11:40:04 AM
#318909   war: Everyone knows the former CFO's email, Poptech 11/23/16 11:26:01 AM
#318908   Be Confident: More conspiracist, fantastical, thinking on your keepitrealplease 11/23/16 07:14:56 AM
#318907   So, contacting the CFO and getting DIRECT CONFIRMATION, WarMachine 11/23/16 03:33:47 AM
#318904   The company is gone get over it quit jacksira 11/23/16 02:55:19 AM
#318902   No they aren't hiding, the SEC and FINRA jacksira 11/22/16 09:59:25 PM
#318901   Smoke and mirrors is right. YA hiding behind PinkZombie 11/22/16 03:49:53 PM
#318900   It sure seems like a concerted effort here PinkZombie 11/22/16 03:38:50 PM
#318898   Thank you my good friend. What concerns Be Confident 11/22/16 03:20:19 PM
#318897   WarMachine: I agree. I was responding to Be keepitrealplease 11/22/16 01:41:21 PM
#318896   I just think this is awful this "company" jacksira 11/22/16 11:43:34 AM
#318895   Why would any attorney even touch this one? WarMachine 11/22/16 11:38:11 AM
#318894   jack: No. As Laura proved, being Poptech 11/22/16 08:24:41 AM
#318893   Be Confident: NEOM is over. Surprised? Unlikely anyone keepitrealplease 11/22/16 07:16:04 AM
#318889   http://www.bloomberg.com/Research/stocks/private/snapshot.asp?privcapid=11613401 scania4 11/22/16 12:36:50 AM
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