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NeoMedia Technologies, Inc (NEOM)

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Last Post: 3/22/2019 2:26:41 AM - Followers: 919 - Board type: Free - Posts Today: 4

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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
#323467   Take a look at the video these guys Kinda_Kool 03/22/19 02:26:41 AM
#323466   https://www.biometricupdate.com/201811/smile-to-pay-facial-recognition-system-no rocket18 03/22/19 02:17:18 AM
#323465   I still have all of my shares from rocket18 03/22/19 01:58:52 AM
#323463   I personally "believe," as opposed to hope ;-) Be Confident 03/21/19 08:29:35 PM
#323461   And NONE OF THEM will help NEOM shareholders WarMachine 03/21/19 06:17:28 PM
#323460   scan: After NeoMedia went dark, they again filed Poptech 03/21/19 05:21:06 PM
#323459   junior: Ignoring that NeoMedia had nothing to do Poptech 03/21/19 05:03:35 PM
#323458   As long as NEOM is dark and still scania4 03/21/19 03:26:59 PM
#323457   Thank you BC Junior571 03/21/19 01:29:54 PM
#323455   How funny.. new fairy tales tank_man 03/21/19 09:54:02 AM
#323454   Apologies, I should have posted examples. An Be Confident 03/21/19 08:46:47 AM
#323453   The market just keeps evolving. Junior571 03/21/19 08:08:55 AM
#323452   ?? Junior571 03/21/19 08:05:52 AM
#323451   I feel certain he was kidding, which is Be Confident 03/20/19 09:33:45 PM
#323450   Thank you BC Junior571 03/20/19 08:58:24 PM
#323449   Personally, I was under the impression he was Be Confident 03/20/19 08:22:28 PM
#323448   PClick. Junior571 03/20/19 03:42:04 PM
#323447   One Satoshi PClick 03/20/19 02:32:39 PM
#323446   Why in the world would these market makers Junior571 03/19/19 08:30:54 PM
#323445   funny trades luckyascanbe 03/15/19 10:51:48 AM
#323439   junior: NeoMedia went dark the month before Poptech 03/08/19 09:50:30 AM
#323438   Laura was a consultant to YA Global (NM, Poptech 03/08/19 09:41:06 AM
#323437   Otherwise it would not be secret. scania4 03/08/19 12:42:44 AM
#323433   „they have a secret mission" tank_man 03/07/19 03:42:21 PM
#323432   scania4: LOL."...they have a secret mission" keepitrealplease 03/07/19 03:26:23 PM
#323430   I cant believe what these guys fabricate... tank_man 03/07/19 01:19:07 PM
#323429   The "string of logic" is that the COURT WarMachine 03/07/19 12:10:23 PM
#323428   WarMachine, The fact is that none of us have Junior571 03/07/19 10:59:50 AM
#323427   Hey BC. Junior571 03/07/19 10:51:29 AM
#323426   What it "all boils down to" is that WarMachine 03/07/19 05:36:12 AM
#323425   Junior, You may be interested in this tidbit. Be Confident 03/06/19 11:07:17 PM
#323424   scania4: IMO. One or more trades adding up keepitrealplease 02/27/19 02:59:56 PM
#323423   But no one buys and sells so easily scania4 02/27/19 01:45:11 PM
#323422   rocket18: Like today? With over 5 Billion shares keepitrealplease 02/27/19 01:08:59 PM
#323421   And why are so high sales in recent times? rocket18 02/27/19 02:18:41 AM
#323420   Speaking of MISDIRECTION.... The recent attempted connections to WarMachine 02/26/19 09:10:31 PM
#323419   Be Confident: Utter silence? Of course, the company keepitrealplease 02/26/19 12:11:00 PM
#323418   Agent_Provocateur: Yes, we do. Nothing. Everything was lost keepitrealplease 02/26/19 12:09:02 PM
#323417  Restored New York MTA begins testing mobile wallet-based ticketing Be Confident 02/26/19 10:29:36 AM
#323416  Restored Perhaps this may shed a bit of insight Be Confident 02/26/19 10:24:42 AM
#323415   I feel I know, however, this remains one Be Confident 02/26/19 10:18:30 AM
#323414   Well, we don't know for-sure, just what exactly Agent_Provocateur 02/25/19 03:57:32 PM
#323413   Agent_Provocateur: Really? Load up on the stock of keepitrealplease 02/25/19 12:37:30 PM
#323412   Good price to Load up imo Agent_Provocateur 02/22/19 09:03:08 PM
#323411   That'd be me cspratt15139 02/19/19 07:36:29 AM
#323410   Does that include bag holder? cspratt15139 02/19/19 07:36:13 AM
#323409   Anyone shareholders here? Agent_Provocateur 02/18/19 12:53:39 AM
#323407   TRUTH FOLKS! A company goes dark when they WarMachine 02/09/19 06:14:59 PM
#323406   be: That is not an opinion; that Poptech 02/08/19 10:43:29 PM
#323405   be: The highly significant reason is NEOM had Poptech 02/08/19 10:41:36 PM
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