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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.
2) I am surprised to still see trading as indicated previously the company has no assets.
Asset
In financial accounting, an asset is an economic resource. Anything tangible or intangible that can be owned or controlled to produce value and that is held by a company to produce positive economic value is an asset. Simply stated, assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset).
The balance sheet of a firm records the monetary value of the assets owned by that firm. It covers money and other valuables belonging to an individual or to a business. One can classify assets into two major asset classes: tangible assets and intangible assets. Tangible assets contain various subclasses, including current assets and fixed assets. Current assets include inventory, while fixed assets include such items as buildings and equipment.
Intangible assets are nonphysical resources and rights that have a value to the firm because they give the firm some kind of advantage in the marketplace. Examples of intangible assets include goodwill, copyrights, trademarks, patents and computer programs, and financial assets, including such items as accounts receivable, bonds and stocks.
OK folks, It has now come to the point where there seems to be some misdirection, going on.
Just to be perfectly CLEAR, NeoMedia Inc, this company, and the NEOM ticker have lost everything. See above from a company officers comment.
The financier, Yorkville, grabbed everything when they forced NeoMedia Inc to pay their debt.
Yorkville took ALL ASSETS PRIVATE under the name NM, LLC and can still use the name NeoMedia that was on the assets.
Be fully aware that NM, LLC IS NOT the "NM" that is being referred to. If you aren't sure when you see just "NM" being thrown around, ASK!
Do not let this confusion fool you into thinking NeoMedia Inc/NEOM has any income/benefit from NM, LLC. THEY DO NOT.
NM, LLC is a PRIVATE company, a subsidiary of YA GLOBAL who took ALL ASSETS as stated above by the CFO of NEOM
ABOUT QR CODES:
DENSO WAVE the inventor of the QR Code allows anyone to use QR Codes license free.
See the section under, QR Code's intellectual property right, the first 3 FAQs at, https://www.qrcode.com/en/faq.html
See also, https://www.qrcode.com/en/patent.html
There seems to be this endless banter about a patent but lets just see the TRUTH.
Apparently there is confusion about what a assignor and a asignee is. Maybe this will clear that up.
YEP! Pretty clear that this former company signed over the patent to NM, LLC and we all know that NM, LLC is a subsidiary
of Yorkville, who TOOK ALL ASSETS in the settlement, and this former company IS NOT part of Yorkville.
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.
NEOM has NO ASSETS.
No assets means NO PATENTS.
No patents means NO CONTRACTS.
No contracts means NO REVENUE.
No revenue means THE USELESS BULLSHIT that continues to appear here will NEVER benefit NEOM shareholders.
Demand a connection folks! If you see this kind of hogwash,
DEMAND ANSWERS as to how it relates to NEOM and the future of this
DEFUNCT COMPANY.
Defunct Company, Stock Continues to Trade
https://www.sec.gov/fast-answers/answersdfnctcohtm.html
Even when a company is no longer in business, there may still be active trading in its stock. This is because companies that are no longer operating may still have outstanding registered stock, which can be traded until the company has the shares deregistered or the stock's registration is revoked. The SEC does not have a rule that prohibits the trading of stock once a company becomes defunct because it does not want to forbid transactions between willing buyers and sellers, including those holding shares in defunct companies
Information on bankruptcy is available here. Other issues that might arise with defunct companies include the following:
Trading stocks v. publishing quotations in stocks. Rule 15c2-11 of the Securities Exchange Act of 1934 prohibits broker-dealers from publishing a quotation for a security (an offer to buy or sell) unless they have reviewed certain information about the company. The rule regulates when broker-dealers may publish a quotation in, the Over-the-Counter Bulletin Board, the Pink Sheets or other quotation mediums, but does not, address when a stock can be traded between two broker-dealers. As a result, there may be trading in a stock even though the company is no longer in business and quotations in the stock are not actively published.
An exception to the rule permits a broker-dealer to publish quotations for a stock without reviewing information about the company if there are regular and continuous quotations published for a specified period of time by broker-dealers that did have the appropriate information. Although a company has become defunct, its stock may still be quoted under this "piggy-back" exception. In addition, if a company becomes defunct after quotations in the stock are published for the specified time period, the broker-dealer is not obligated to acquire current information on the company.
The SEC may invoke a trading suspension. In some cases, the SEC or an exchange may halt trading in the stock of a defunct company if the stock price appears to be manipulated or if it believes that public information about the issuer is false or misleading. When the trading suspension ends, a broker-dealer wishing to publish quotations must comply with Rule 15c2-11, which may be impossible to do in the case of a defunct company.
The SEC may revoke the registration of stocks. In some circumstances, the SEC may revoke the registration of a defunct company's stock. Section 12(j) of the Exchange Act authorizes the SEC to revoke the registration of a security if the issuer fails to comply with the federal securities laws. Broker-dealers may not execute any trades in stocks whose registration has been revoked pursuant to Section 12(j).
A defunct company may not have a transfer agent. In some situations, the defunct company does not have a transfer agent. Although the federal securities laws do not require a company to have a transfer agent, if a company does not have a transfer agent, investors are unable to receive or transfer their stock certificates. Sometimes the SEC has considered a company's lack of a transfer agent as a factor in determining whether to revoke the registration of stock pursuant to Section 12(j) for the protection of investors.
Ya see folks, just because a stock still trades it doesn't mean that the company even exists anymore.
R F I D HOAX!
NEOM has never been involved with RFID, not when it was actually in business
definitely not now being it is OUT OF BUSINESS, CLOSED, DEFUNCT
6 BILLION SHARES AUTHORIZED!
BEWARE PUMP AND DUMPS
End of Warmachine's section
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