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NeoMedia Technologies, Inc (NEOM)

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Last Post: 4/27/2017 8:35:39 AM - Followers: 933 - Board type: Free - Posts Today: 13

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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#319436  Sticky Note Neomedia exists. Go to Boulder to see for Personalizit 03/15/17 12:43:53 PM
#318940  Sticky Note MORE PROPER DD for everybody concerned as to WarMachine 11/27/16 10:02:19 AM
#319850   http://legacy-assignments.uspto.gov/assignments/assignment-pat-41469-160.pdf rocket18 04/27/17 09:05:44 AM
#319849   Excuse me I had prescribed myself, I meant rocket18 04/27/17 09:00:22 AM
#319848   rocket: As you know, your link to show Poptech 04/27/17 08:35:39 AM
#319847   rocket: Yes! It is a key patent. Poptech 04/27/17 08:30:34 AM
#319846   Would be nice to see a pr on it. inforthemoney2 04/27/17 07:56:06 AM
#319845   DEFINITION of 'Hard Fork' rocket18 04/27/17 07:55:01 AM
#319844   The patent looks like for a hard fork rocket18 04/27/17 07:53:19 AM
#319843   This company is like working on a jigsaw inforthemoney2 04/27/17 07:43:38 AM
#319842   Is this a key patent for it? rocket18 04/27/17 06:36:48 AM
#319841   Very Interesting Tech. inforthemoney2 04/27/17 06:25:45 AM
#319840   http://legacy-assignments.uspto.gov/assignments/assignment-pat-41469-160.pdf rocket18 04/27/17 06:19:28 AM
#319839   Can you post a link to it, the WarMachine 04/27/17 05:49:46 AM
#319838   It is about the blockchain technology "Ethereum". rocket18 04/27/17 02:56:49 AM
#319837   Things are starting to get crazy here. Not tundra1 04/26/17 09:30:48 PM
#319836   Lol...all in a days work ;-) Sounds Be Confident 04/26/17 06:41:26 PM
#319835   very creative there person. A concise history in diarch 04/26/17 04:57:12 PM
#319834   Be: The patents have not been 'reassigned back Poptech 04/26/17 04:49:03 PM
#319833   Can't access the patents right now. Next: Stratford, Personalizit 04/26/17 04:44:18 PM
#319832   Got to move those .0002's first, the .0002 nofortunateson2 04/26/17 04:40:00 PM
#319831   Lovely country... Would be nice if you Be Confident 04/26/17 04:21:58 PM
#319830   Great day here. Perhaps we are over the tundra1 04/26/17 04:17:21 PM
#319829   Some group somewhere is trying to P&D this nofortunateson2 04/26/17 02:24:05 PM
#319828   It looks like a couple of guys traded Poptech 04/26/17 02:05:54 PM
#319827   Good point diarch. Personalizit 04/26/17 01:38:12 PM
#319826   Funny that you say cheers. I am in Personalizit 04/26/17 01:14:39 PM
#319825   Volume could be some pump & dump website... nofortunateson2 04/26/17 12:59:39 PM
#319824   Got to love that bid now over 275 inforthemoney2 04/26/17 12:50:33 PM
#319823   Sucker buys totaling about 3/4 of a billion PinkZombie 04/26/17 12:50:03 PM
#319822   Apparently this is the information: Be Confident 04/26/17 12:37:53 PM
#319821   Rocket, Is this a webinar? If so, would Be Confident 04/26/17 12:33:05 PM
#319820   https://x16.imgup.net/MSInvite7d58.jpg rocket18 04/26/17 12:19:06 PM
#319819   pink: The buyer is a sucker. Poptech 04/26/17 11:50:13 AM
#319818   I don't think there is enough "pump" to PinkZombie 04/26/17 11:48:11 AM
#319817   war: I think it is clear to Poptech 04/26/17 11:41:02 AM
#319816   Slap it baby Slap it... NEOM inforthemoney2 04/26/17 11:33:19 AM
#319815   Looks clear as day to me that NM WarMachine 04/26/17 11:32:36 AM
#319814   With this much pressure on the Buy side, Be Confident 04/26/17 11:29:53 AM
#319812   Insider? rocket18 04/26/17 11:17:25 AM
#319811   OK. Wishful thinking on my part and nothing PinkZombie 04/26/17 11:13:03 AM
#319810   $NEOM$ Awesome! Three MM's now on the bid: sonofgodzilla 04/26/17 11:11:25 AM
#319809   You are welcome. rocket18 04/26/17 11:06:13 AM
#319808   400 STAR POST!! Be Confident 04/26/17 11:03:33 AM
#319807   pink: They let it go because NeoMedia owes Poptech 04/26/17 11:03:11 AM
#319806   Yes, Neomedia is not coming back, but another PinkZombie 04/26/17 10:53:30 AM
#319805   2s will get smacked!! nungpoh 04/26/17 10:25:37 AM
#319804   You want to buy all stocks! rocket18 04/26/17 10:19:39 AM
#319803   rocket: If you believe that to be Poptech 04/26/17 10:19:06 AM
#319802   Not correct! rocket18 04/26/17 10:17:02 AM
#319801   "Batter UP!!" Bid now over 265 mill inforthemoney2 04/26/17 10:16:33 AM
#319800   rocket: There is no such thing as Poptech 04/26/17 10:13:23 AM
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