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NeoMedia Technologies, Inc (NEOM)

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Last Post: 6/24/2017 6:02:05 PM - Followers: 936 - Board type: Free - Posts Today: 39

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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PostSubject
#320289  Sticky Note Popt: Hahaha!!! DTC CHILL LIFTED !! lesnshawn 05/08/17 12:09:01 PM
#318940  Sticky Note MORE PROPER DD for everybody concerned as to WarMachine 11/27/16 10:02:19 AM
#320683   Be: There is no new patent status Poptech 06/24/17 06:02:05 PM
#320682   In times of doubt, I suggest refocusing on Be Confident 06/24/17 05:54:32 PM
#320681   bent: They are amazingly untrue 'things.' Poptech 06/24/17 05:43:13 PM
#320680   Thank you and rocket. Very interesting and thankful Bentobox 06/24/17 05:33:29 PM
#320679   scania: Reel/frame 039622/0662 Execution date Poptech 06/24/17 05:18:37 PM
#320678   be: There is only one entity that Poptech 06/24/17 05:17:06 PM
#320677   Be: NM, LLC, owned by YA, still owns Poptech 06/24/17 05:13:44 PM
#320676   Precisely! ;-) Be Confident 06/24/17 05:01:18 PM
#320675   Rocket has proven himself one who engages in Be Confident 06/24/17 04:59:43 PM
#320674   Cheers Scania! Thank you Be Confident 06/24/17 04:54:09 PM
#320673   Bento, All of the nonsense and this endless rollercoaster Be Confident 06/24/17 04:50:17 PM
#320672   That's the way it is. rocket18 06/24/17 04:46:14 PM
#320671   Additionally regarding the chill. I use a few Bentobox 06/24/17 04:39:19 PM
#320670   After only spending a few minutes I feel Bentobox 06/24/17 04:33:31 PM
#320669   https://assignment.uspto.gov/patent/index.html#/patent/search/resultAbstract?id= scania4 06/24/17 04:25:37 PM
#320668   Rocket, Would you mind reposting the information you uncovered Be Confident 06/24/17 04:15:58 PM
#320667   Sweet. That would be cool I know Dr. Bentobox 06/24/17 04:14:40 PM
#320666   Bento, I merely shared my thoughts. I could Be Confident 06/24/17 03:52:43 PM
#320665   Wait what? What companies? Would that help or Bentobox 06/24/17 11:54:28 AM
#320664   be: There is no such thing as Poptech 06/24/17 10:10:59 AM
#320663   This is where our views differ. IMSO Be Confident 06/24/17 09:57:59 AM
#320662   Precisely! Be Confident 06/24/17 09:49:16 AM
#320661   Precisely :-) Be Confident 06/24/17 09:43:14 AM
#320660   rocket: NeoMedia doesn't have any patents. Poptech 06/24/17 07:46:58 AM
#320659   be: 6 years ago, NeoMedia surrendered their shares Poptech 06/24/17 07:44:09 AM
#320658   Furthermore, it does not matter whether Microsoft, Apple rocket18 06/24/17 05:09:52 AM
#320657   Microsoft is licensee of NeoMedia! rocket18 06/24/17 04:49:32 AM
#320656   IMO ;-) rocket18 06/24/17 04:21:49 AM
#320655   rocket: Really? Went there. Oiy Vey. lns eom lesnshawn 06/24/17 03:53:23 AM
#320653   Microsoft will buy the patents of NeoMedia $$$ rocket18 06/24/17 03:17:29 AM
#320652   https://www.youtube.com/watch?v=ryM1zxBVo68 rocket18 06/24/17 03:05:08 AM
#320651   https://www.youtube.com/watch?v=e7kJ1LOHJ5g rocket18 06/24/17 02:53:42 AM
#320650   http://www.businesswire.com/news/home/20060209005540/en/NeoMedia-Signs-Merger-Ag rocket18 06/24/17 02:42:26 AM
#320649   And let us not forget Neom retained 18% Be Confident 06/24/17 02:10:53 AM
#320648   Once again you have been working overtime. Be Confident 06/24/17 02:08:07 AM
#320647   With Bluetooth Low Energy you can leave your rocket18 06/24/17 01:01:34 AM
#320646   Bluetooth Low Energy rocket18 06/24/17 12:50:40 AM
#320645   https://due.com/blog/8-ways-blockchain-change-mobile-payments/ https://qz.com rocket18 06/24/17 12:19:03 AM
#320644   No worries... Be Confident 06/23/17 11:10:52 PM
#320643   Very well, not disagreeing just trying to become Bentobox 06/23/17 10:52:20 PM
#320642   Your opinion vs Rocket's. I remain inquisitive Be Confident 06/23/17 10:48:44 PM
#320641   Decarz, "Any machine-readable input." Be Confident 06/23/17 10:43:38 PM
#320640   I Am customer. But yes I believe you Bentobox 06/23/17 09:25:55 PM
#320639   Be Confident: All of which has nothing to keepitrealplease 06/23/17 07:44:44 PM
#320638   I dont see anything about QR Codes??? Decarz 06/23/17 04:34:17 PM
#320637   Let us hope so. rocket18 06/23/17 11:42:32 AM
#320636   Did you notice the link at the bottom Be Confident 06/23/17 08:40:31 AM
#320635   Great rocket18 06/23/17 12:56:21 AM
#320634   Rocket, I thought you'd enjoy taking a run at this: Be Confident 06/22/17 11:05:43 PM
#320633   Locked and loaded here, I would be surprised tundra1 06/21/17 06:09:12 PM
PostSubject