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NeoMedia Technologies, Inc (NEOM)

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Last Post: 3/27/2020 11:02:17 AM - Followers: 912 - 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.

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
#324340   Who knew a trade could go off at $0.000035? Poptech 03/27/20 11:02:17 AM
#324339   Sob...I was looking forward to the games. Of Be Confident 03/24/20 08:44:00 PM
#324338   LMFAO! Please give a detailed description on what WarMachine 03/24/20 11:58:46 AM
#324337   Yes, Junior571 03/24/20 11:30:20 AM
#324336   OK scania4 03/24/20 10:16:39 AM
#324335   Unfortunate on numerous levels, but expected: Be Confident 03/24/20 09:12:14 AM
#324334   This will be a forceful way to go Junior571 03/24/20 08:00:59 AM
#324333   Thank you BC Junior571 03/24/20 07:55:26 AM
#324332   The landscape is changing rather quickly: Be Confident 03/23/20 11:27:18 PM
#324331   Yes, moblePay should soar. However, my immediate Be Confident 03/23/20 11:50:18 AM
#324330   Will coronavirus make mobile payment systems like Apple scania4 03/23/20 03:07:23 AM
#324328   BEST NEWS FOR NEOM SHAREHOLDERS is that the WarMachine 03/22/20 11:23:19 PM
#324327   Scania, Rocket, Junior: Be Confident 03/22/20 10:26:38 PM
#324325   How do you figure? I'm lost....... Termite7 03/13/20 02:44:10 PM
#324324   Does that mean maybe today? scania4 03/13/20 06:12:28 AM
#324323   be: NEOM was not in the payments industry Poptech 03/06/20 06:19:44 PM
#324322   One would think the mobilePay companies would launch Be Confident 03/05/20 09:57:01 PM
#324321   Down 100%. Looking good. Poptech 03/02/20 12:10:39 PM
#324320   Congress will start wearing indirect barcodes! https://babylonbee.com/news/c Poptech 03/02/20 12:09:59 PM
#324319   be: You are safe. The price of Poptech 02/26/20 10:12:59 PM
#324318   As some here are undoubtedly aware, they are Be Confident 02/26/20 07:41:25 PM
#324317   FANTASTIC! FOR YORKVILLE LOL Sadly EVERYTHING this former WarMachine 02/26/20 12:27:45 PM
#324316   be: There is such thing as “Neom's/NM's/YA's/Qode.com's”. It Poptech 02/26/20 09:55:08 AM
#324315   No checkout needed: Amazon opens cashier-less grocery store Be Confident 02/25/20 10:37:40 PM
#324314   scania: Price Per Share Poptech 02/25/20 05:37:36 PM
#324313   What is PPS? scania4 02/25/20 02:39:23 PM
#324312   Coronavirus is killing NEOM’s PPS. Poptech 02/25/20 02:01:32 PM
#324311   Amazon ends delivery firm contracts, resulting in thousands Be Confident 02/21/20 01:24:12 AM
#324310   Edging closer and closer to mainstream ;-) Be Confident 02/20/20 08:21:09 PM
#324309   mister: According to the last SC 13G/A Poptech 02/19/20 09:49:51 PM
#324308   Shares Outstanding: 5.1 B MisterBig 02/19/20 11:47:23 AM
#324307   Have you seen a filing for anybody owning WarMachine 02/19/20 08:28:11 AM
#324306   High volumes without trading at the end. are rocket18 02/19/20 04:42:33 AM
#324305   be: NEOM had nothing to with pay, or Poptech 02/18/20 09:17:57 PM
#324304   Is everybody paying attention: Be Confident 02/18/20 06:34:58 PM
#324303   I translated that from German into English. scania4 02/17/20 12:56:23 PM
#324302   scan: When I Googled your quote, Google had Poptech 02/17/20 12:35:04 PM
#324301   war: If they had, they would have had Poptech 02/17/20 12:22:39 PM
#324300   Perhaps most of the shares have already been scania4 02/17/20 12:14:09 PM
#324299   Yeah, wasn't pertinent to this stock last year WarMachine 02/17/20 11:56:17 AM
#324298   "Everything is possible on the stock exchange, even scania4 02/17/20 10:36:34 AM
#324297   rocket: How? NEOM has no employees, no cash, Poptech 02/17/20 10:29:41 AM
#324296   junior: NEOM as no “technological offerings”. They Poptech 02/17/20 10:24:41 AM
#324295   Soon the zeros will be on the other side. rocket18 02/17/20 02:56:23 AM
#324294   Simple answer: tank_man 02/17/20 02:22:06 AM
#324293   Thank you Junior. As for cajones, I Be Confident 02/16/20 10:52:42 PM
#324292   Right on BC. Junior571 02/16/20 08:43:53 PM
#324291   A little refresher from last year: Be Confident 02/16/20 08:31:24 PM
#324290   Cheers Junior, Be Confident 02/16/20 08:22:45 PM
#324289   neom: Then he does not know NEOM went Poptech 02/16/20 06:30:07 PM
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