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NeoMedia Technologies, Inc (NEOM)

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Last Post: 5/17/2019 12:58:34 PM - Followers: 918 - Board type: Free - Posts Today: 0

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This section maintained by Warmachine. No deletions or alterations allowed by other moderators unless permission is given by Warmachine.



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

Now for a little education. Please understand what he said about ALL 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, http://www.qrcode.com/en/faq.html

See also, http://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
.


 

Pink No Information

 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.

End of Warmachine's section

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PlusOneCoin Top Posts
#323798   Really? NM, LLC auctioned assets? FUNNY! NM, LLC WarMachine 05/15/19 12:12:55 AM
PostSubject
#322743  Sticky Note Lets IMAGINE for a moment, that all this WarMachine 03/25/18 11:54:33 AM
#323811   NEOM loses again. FACTS about QR codes WarMachine 05/17/19 12:58:34 PM
#323809   Wow! I missed that. Junior571 05/17/19 09:43:42 AM
#323808   Great article. Junior571 05/17/19 08:18:41 AM
#323807   Japan to unify mobile payment codes, enlisting Chinese giants Be Confident 05/16/19 10:24:32 PM
#323806   But why .2502 and not simply .25? Makes Be Confident 05/16/19 10:19:42 PM
#323805   junior: High number = $1.28 Like in one dollar Poptech 05/16/19 09:42:33 PM
#323804   scan: Nobody knows. YA now owns all NEOM Poptech 05/16/19 09:38:57 PM
#323803   Certainly there may be ask orders of various Junior571 05/16/19 07:27:08 PM
#323802   What then are the stocks that are traded here? scania4 05/16/19 12:31:01 PM
#323801   scan: Because shareholders voted to secure NEOM’s debt Poptech 05/16/19 11:49:27 AM
#323800   Ya still owns shares of NEOM! scania4 05/15/19 10:57:46 AM
#323799   be: You misunderstand. NM (YA) auctioned nothing. Poptech 05/15/19 12:14:10 AM
#323798   Really? NM, LLC auctioned assets? FUNNY! NM, LLC WarMachine 05/15/19 12:12:55 AM
#323797   Somebody has an order to sell at .2502. Be Confident 05/14/19 09:13:06 PM
#323796   India mandates QR code payments: Be Confident 05/14/19 09:06:57 PM
#323795   Oh, 12 shares sales, if that's not a scania4 05/14/19 11:48:49 AM
#323794   scan: neom.com is registered to the country of Poptech 05/13/19 10:17:04 AM
#323793   be: “Due Diligence” is research done prior to Poptech 05/13/19 10:10:09 AM
#323792   Just a little more FACTUAL INFORMATION for ya. WarMachine 05/11/19 10:54:08 PM
#323791   ABOUT QR CODES: WarMachine 05/11/19 10:27:39 PM
#323790   MORE USELESS GARBAGE that has nothing to do WarMachine 05/11/19 10:19:37 PM
#323789   I do not recall hearing of this prior Be Confident 05/11/19 04:56:23 PM
#323788   "Libra" was until now a secret project of scania4 05/11/19 12:54:18 PM
#323787   Lol.... SHHHHHH!! It's secret! (I will Be Confident 05/11/19 12:41:54 PM
#323786   Facebook "Libra" secret, NeoMedia secret! scania4 05/11/19 11:45:17 AM
#323785   Nice find Scania! Be Confident 05/11/19 08:38:33 AM
#323784   https://markets.businessinsider.com/currencies/news/facebook-is-building-a-crypt scania4 05/11/19 08:09:54 AM
#323783   scania4: You make no sense at all. This keepitrealplease 05/10/19 12:31:15 PM
#323782   I believe them, DN will still be worth scania4 05/10/19 12:23:44 PM
#323781   scania4: This project has NOTHING to do with keepitrealplease 05/10/19 12:17:54 PM
#323780   I mean the project NEOM. scania4 05/10/19 12:01:19 PM
#323779   Valuable? TO WHO? THIS COMPANY LOST IT. NM,LLC WarMachine 05/10/19 11:49:40 AM
#323778   Exactly, the project NEOM will be very valuable. scania4 05/10/19 11:20:33 AM
#323777   scania4: NM, LLC let the domain go. keepitrealplease 05/10/19 11:11:10 AM
#323776   Domäne NEOM scania4 05/10/19 11:00:35 AM
#323775   scania4: What is DN? keepitrealplease 05/10/19 10:56:07 AM
#323774   But the DN should have a very high value! scania4 05/10/19 10:29:25 AM
#323773   Junior: NeoMedia’s last 10Q showed it so “bone Poptech 05/10/19 10:25:17 AM
#323772   be: Translation: Barry was still on Board of Poptech 05/10/19 10:22:08 AM
#323771   Be Confident: His status does not matter. NEOM keepitrealplease 05/10/19 08:31:11 AM
#323770   Junior571: You are assuming (making up stories) that keepitrealplease 05/10/19 08:27:18 AM
#323769   FACT IS that BERRY S BAER is indeed WarMachine 05/10/19 06:36:26 AM
#323768   Thank you BC. Junior571 05/10/19 12:05:41 AM
#323767   Intuitively, I reasoned you might enjoy firm evidence Be Confident 05/09/19 09:09:19 PM
#323766   Indeed Junior. In all likelihood some will Be Confident 05/09/19 08:31:04 PM
#323765   So, are you saying that a CHIEF FINANCIAL WarMachine 05/09/19 07:48:49 PM
#323764   BC, I find it interesting that no one questioned Junior571 05/09/19 05:35:50 PM
#323763   Nobody contradicts? scania4 05/09/19 01:55:13 PM
#323762   In time, we shall see BC. Junior571 05/09/19 11:56:23 AM
#323761   be: Like every board member, “Barry” was part-time. Poptech 05/08/19 10:46:28 PM
PostSubject