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NeoMedia Technologies, Inc (NEOM)

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Last Post: 10/19/2019 2:28:24 PM - Followers: 914 - Board type: Free - Posts Today: 2

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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.

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.



End of Warmachine's section

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PostSubject
#322743  Sticky Note Lets IMAGINE for a moment, that all this WarMachine 03/25/18 11:54:33 AM
#324132   Or in Saudi Arabia :-D tank_man 10/19/19 02:28:24 PM
#324131   Is NEON now based in Chicago? scania4 10/19/19 11:28:19 AM
#324130   Unfortunately, true. The reason given is that the WarMachine 10/16/19 07:31:01 PM
#324129   Yeah, well researched. scania4 10/16/19 01:39:03 PM
#324128   every BS allowed. tank_man 10/16/19 12:56:20 PM
#324127   https://blog.bellinghamelectric.com/blog/largest-french-door-refrigerator-models tank_man 10/16/19 12:56:17 PM
#324126   NEOM = Refrigerator ? tank_man 10/16/19 12:54:39 PM
#324125   Not bad. scania4 10/16/19 10:38:56 AM
#324124   https://www.news18.com/news/business/saudi-aramco-could-approve-worlds-largest-e rocket18 10/15/19 03:17:02 AM
#324123   NEOM = Saudi Aramco? rocket18 10/15/19 12:47:45 AM
#324122   OK thanks. scania4 10/14/19 11:31:50 AM
#324121   N othing CJAKE1 10/14/19 10:48:27 AM
#324120   When is the first dividend for NEOM? scania4 10/14/19 10:46:33 AM
#324119   ;-) scania4 10/13/19 01:33:26 PM
#324118   That would be Nice...You looking Backwards?? NEOM==MOEN?? CJAKE1 10/13/19 11:39:07 AM
#324117   But everything is energy. scania4 10/13/19 11:15:18 AM
#324116   N othing CJAKE1 10/12/19 07:36:22 PM
#324115   Yes .. me too. tank_man 10/12/19 12:26:10 PM
#324114   NEOM, the YA~OWNED APP? Yes! This stock? LMFAO! WarMachine 10/12/19 11:56:14 AM
#324113   I foresee a great future for NEOM. Thank scania4 10/12/19 03:25:13 AM
#324111   Thank you for showing Neomedia is gone forever. tank_man 10/11/19 12:20:05 PM
#324110   Yeah, already debunked this regurgitated hogwash. NEOM.COM has WarMachine 10/11/19 11:57:06 AM
#324109   NEO M scania4 10/11/19 10:40:19 AM
#324108   be: NEOM doesn’t have patents. Poptech 10/11/19 06:16:09 AM
#324107   Rocket, You and I are stating the same thing: Be Confident 10/10/19 08:34:04 AM
#324106   "any machine readable input" .. just a Troll Patent. tank_man 10/10/19 04:37:39 AM
#324105   ask scania .. ;-) tank_man 10/10/19 04:33:04 AM
#324104   I thought an ecosystem is a union of rocket18 10/10/19 01:40:49 AM
#324103   The mobile ecosystem. Anything and everything pertaining Be Confident 10/09/19 09:24:52 PM
#324102   When reality finally sets in you may realize WarMachine 10/09/19 07:31:44 PM
#324101   scania: It means the “whole world after Poptech 10/09/19 05:33:14 PM
#324100   Better ask rocket18. He knows everything. tank_man 10/09/19 01:30:45 PM
#324099   What do you mean by ecosystem? scania4 10/09/19 11:56:51 AM
#324098   Ecosystem ... tank_man 10/09/19 07:35:32 AM
#324097   be: None of that ties together. Your Poptech 10/08/19 09:15:08 PM
#324096   I should be the first to state I Be Confident 10/08/19 08:44:01 PM
#324095   Then..it must be time to mount a takeover yellowjacket 10/08/19 06:58:50 PM
#324094   rocket: Yes, I can prove it. One, Poptech 10/08/19 04:43:29 PM
#324093   Where is this written, can you prove that? rocket18 10/08/19 07:00:08 AM
#324092   be: You have parted with all your shares. Poptech 10/08/19 06:09:23 AM
#324091   IMVSO, there exists one singular reason YA paid Be Confident 10/08/19 12:49:39 AM
#324090   be: NEOM was a nonprofit before they closed Poptech 10/07/19 11:36:55 AM
#324089   SPAM tank_man 10/01/19 01:04:10 AM
#324088   You should have, 6 Years ago... tank_man 10/01/19 01:03:04 AM
#324086   AR is uniquely powerful and applicable to the Be Confident 10/01/19 12:15:43 AM
#324085   METS FANS 1 / NEOM SHAREHOLDERS 0 WarMachine 09/30/19 02:28:42 PM
#324084   This is so funny. tank_man 09/30/19 03:56:23 AM
#324083   I believe an American once declared, 'The Kiosks Be Confident 09/29/19 10:06:03 PM
#324082   This goes on until the symbol "NEOM" disappears! scania4 09/29/19 04:53:37 AM
#324081   Will this BS ever stop? tank_man 09/28/19 05:31:02 PM
PostSubject