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NeoMedia Technologies, Inc (NEOM)

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Last Post: 12/7/2018 12:26:15 PM - Followers: 921 - 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


 

 

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.

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

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
#323311   keep: It has already been posted here that, Poptech 12/06/18 12:28:52 PM
#323306   WarMachine: I'm confused. Why is it fair game? keepitrealplease 12/06/18 09:09:55 AM
#323305   roger, Roger.... What's our vector, Victor? ;) Bigfootbud 12/05/18 10:09:23 PM
#323304   Any content Barcode/QR Code related is fair game WarMachine 12/05/18 06:49:56 PM
#323303   Exactly! So why do the mods/admins allow posting Bigfootbud 12/05/18 02:00:03 PM
#323302   Smiley faces for IBM, means nothing to NEOM. keepitrealplease 12/05/18 12:44:27 PM
#323301   ;-) rocket18 12/05/18 03:26:24 AM
#323300   YAY! Another example of technology that NEOM shareholders WarMachine 12/04/18 07:19:33 PM
#323299   https://bluecode.com/en/?fbclid=IwAR3byGQ_TO6i_oFGygMRIL9-EsvWiTw47T1-Hsodae84kN rocket18 12/04/18 03:39:39 AM
#323298   Checked Marriott's recent bio. Bet she misses that diarch 11/30/18 04:43:37 PM
#323297   Something to break the HOGWASH. Amazon has NOTHING WarMachine 11/26/18 09:22:15 PM
#323296   Something to break the silence: Be Confident 11/26/18 09:15:10 PM
#323294   QR CODES WEEEEEEE!!!!!! Too bad NEOM and shareholders WarMachine 11/16/18 06:30:07 AM
#323293   Not until this type of app permeates the Be Confident 11/15/18 11:01:04 PM
#323292   be: Soon-Shiong sold all his shares in Poptech 11/15/18 05:09:26 PM
#323291   Is a zock going to start soon? rocket18 11/15/18 03:50:03 AM
#323290   He vowed to cure cancer. But this billionaire’s Bigfootbud 11/15/18 02:27:12 AM
#323289   This: https://finance.yahoo.com/news/brief-alibaba-health-information-technol Be Confident 11/15/18 12:01:51 AM
#323288   WOW! MAJOR UNDERSTATEMENT THERE!!!!! WarMachine 11/02/18 01:13:48 PM
#323287   https://walletinvestor.com/stock-forecast/neom-stock-prediction#predicted-prices rocket18 11/02/18 08:50:15 AM
#323286   WOW scania4 10/29/18 02:55:15 PM
#323285   WOW! Good for IBM nothing for NEOM shareholders. WarMachine 10/23/18 09:28:15 AM
#323284   rocket18: What does this post have to do keepitrealplease 10/23/18 09:06:26 AM
#323283   https://cryptovest.com/news/ibm-announces-blockchain-world-wire-payment-system-b rocket18 10/23/18 07:45:25 AM
#323282   “Current Assignee NM, LLC .” Nobody is Poptech 10/19/18 02:01:26 PM
#323281   scan: I think Fritz passed away. Poptech 10/19/18 01:58:53 PM
#323280   Be Confident: You fail to understand the difference keepitrealplease 10/19/18 08:47:44 AM
#323279   scania4: That record on Crunchbase has not been keepitrealplease 10/19/18 08:42:04 AM
#323278   https://www.crunchbase.com/person/charles-w--fritz scania4 10/19/18 06:14:15 AM
#323277   For those who may remain in the dark Be Confident 10/18/18 11:35:53 PM
#323276   Smart barcodes let brands easily join the internet Be Confident 10/18/18 11:24:54 PM
#323275   Mobile QR Code Coupon Redemptions to Surge Be Confident 10/18/18 11:03:11 PM
#323273   scan: Nobody is dumb enough to think Poptech 10/18/18 04:34:01 PM
#323272   NM, LLC v. The TJX Companies, Inc. Bigfootbud 10/18/18 12:45:39 PM
#323271   Scroll down. As you can see NeoMedia is scania4 10/18/18 08:46:12 AM
#323270   scan: 2nd line on your link: “Current Assignee Poptech 10/18/18 08:28:15 AM
#323269   Effective date: 20160824 scania4 10/18/18 05:57:39 AM
#323268   Which former NEOM patent handles this? Bigfootbud 10/18/18 01:23:19 AM
#323267   FINALLY! The following is exceedingly significant, IMSO. Be Confident 10/17/18 09:53:44 PM
#323266   lucky: NEOM went out of business in 2016. Poptech 10/17/18 02:30:55 PM
#323265   What's going on over here in NEOM? luckyascanbe 10/16/18 12:53:18 PM
#323264   BEWARE of putting all your "blocks" in one Bigfootbud 10/16/18 12:20:16 PM
#323263   scania4: That light is from NEOM stock certificates keepitrealplease 10/16/18 11:32:53 AM
#323262   Still light is burning at the end of scania4 10/15/18 01:40:46 PM
#323261   ALL ASSETS INCLUDING INTELLECTUAL PROPERTY ARE GONE. WarMachine 10/15/18 06:29:38 AM
#323260   Can Blockchain Technology Bring Smooth Seas to Global Shipping? Be Confident 10/14/18 11:25:31 PM
#323259   Precisely! :-) Be Confident 10/14/18 11:19:47 PM
#323258   Will Clickable Paper Replace QR Codes? Be Confident 10/14/18 08:49:19 PM
#323257   I was just responding to another post here... Bigfootbud 10/11/18 08:48:44 PM
#323256   Bigfootbud: How is this relevant to NEOM? NEOM keepitrealplease 10/11/18 03:39:06 PM
PostSubject