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NeoMedia Technologies, Inc (NEOM)

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Last Post: 8/14/2018 2:10:43 AM - Followers: 922 - Board type: Free - Posts Today: 1

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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.

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
#323078   Lots of great things FOR OTHER COMPANIES, NOT NEOM WarMachine 08/14/18 02:10:43 AM
#323077   Things will soon get crazy with advertisers...JMO. Be Confident 08/13/18 09:42:38 PM
#323076   The patents reference any machine readable input ;-) Be Confident 08/13/18 09:23:45 PM
#323075   be: That was as twisted as possible. NEOM Poptech 08/13/18 07:15:23 AM
#323074   WRONG!!!!! YA took the assets. NOT CONTROL of NEOM. WarMachine 08/12/18 10:36:14 PM
#323073   Scania, Do you recall Iain McCready's employment contract with Be Confident 08/12/18 10:08:56 PM
#323072   Blockchain-based data-sharing app signs up McDonald's, Staples Be Confident 08/12/18 08:54:59 PM
#323071   I~BELIEVE! That NEOM can't benefit from that. LMFAO!!! WarMachine 08/12/18 04:45:25 PM
#323070   Retailers and the blockchain: A brief look at Be Confident 08/12/18 03:32:47 PM
#323068   GREAT for Ticketmaster, NOTHING for NEOM. Sad-but-true WarMachine 08/12/18 01:09:34 PM
#323067   Ticketmaster brings digital ticketing to all 32 NFL teams Be Confident 08/12/18 01:02:56 PM
#323065   Shhhhhhh! It's just a Pump! Always welcome whatever gets ib12u 08/11/18 01:43:22 PM
#323064   scania4: What does this have to do with keepitrealplease 08/10/18 02:25:19 PM
#323063   scania4: It continues with, "Information on NeoMedia's former keepitrealplease 08/10/18 02:20:06 PM
#323062   http://dnotesglobal.com/white-paper/ scania4 08/10/18 02:18:26 PM
#323060   NeoMedia's assets were purchased in June 2016 and scania4 08/10/18 07:35:56 AM
#323059   Be: Good for MasterCard but has nothing to keepitrealplease 08/08/18 01:00:12 PM
#323058   Here's one for you, Scania: Be Confident 08/08/18 01:22:06 AM
#323057   be: There has been no news on NEOM Poptech 08/07/18 08:17:47 AM
#323056   Let us not lose track of Amazon's Smile Be Confident 08/06/18 11:02:02 PM
#323055   WHOOPIE! And NEOM gets NOTHING from it. Reality WarMachine 08/06/18 10:53:23 PM
#323054   Snapchat has launched in-app AR shopping, with Adidas Be Confident 08/06/18 10:50:04 PM
#323053   Be: Before NEOM lost all their assets in keepitrealplease 08/06/18 10:19:40 PM
#323052   Ooohh Ahhhh... Be Confident 08/06/18 10:10:31 PM
#323051   Be: It was not a partnership. NEOM hit keepitrealplease 08/03/18 11:46:25 AM
#323050   Always the empty promises. scania4 08/03/18 11:16:07 AM
#323049   be: FINRA is coming to shut down Poptech 08/03/18 08:57:45 AM
#323048   Not for NEOM... Bigfootbud 08/03/18 02:56:17 AM
#323047   Some may recall Neom's partnership with Mondelez Group: Be Confident 08/02/18 11:20:13 PM
#323046   It is COMING: Be Confident 08/02/18 11:05:18 PM
#323045   I suggest a full read: Be Confident 08/02/18 10:54:42 PM
#323043   WOW! But NEVER will net NEOM any money WarMachine 08/02/18 05:38:35 AM
#323042   Neverending new applications; once again, machine readable input ;-) Be Confident 08/01/18 09:41:30 PM
#323039   Secret code! scania4 08/01/18 12:46:54 PM
#323038   What's up with all these decimal point trades RFL1969 08/01/18 11:56:22 AM
#323037   be: NEOM had nothing to do with AR. Poptech 08/01/18 09:32:27 AM
#323036   Oooh Ahhhhhh: Be Confident 08/01/18 08:58:09 AM
#323035   Yet another NON-BENEFICIAL article for NEOM. Not a WarMachine 08/01/18 12:20:35 AM
#323034   Hmmm... Japanese carrier KDDI to pilot blockchain coupons that Be Confident 07/31/18 11:13:18 PM
#323033   Closing in on a year later .... are WarMachine 07/31/18 06:51:19 AM
#323031   NOT 1 PAYS NEOM. LMFAO!!!!!!! Unrelated hogwash folks. WarMachine 07/31/18 01:56:54 AM
#323030   9 Powerful Real-World Applications Of Augmented Reality (AR) Today Be Confident 07/30/18 09:25:46 PM
#323029   be: If NEOM is "intended to be reborn," Poptech 07/30/18 07:37:38 AM
#323028   Be Confident: Instead YA moved the patents into keepitrealplease 07/29/18 10:36:17 PM
#323027   Drone Pay Makes an Appearance on the Payments Be Confident 07/29/18 10:18:43 PM
#323026   scan: Delta Drone has been flying for Poptech 07/27/18 10:07:39 AM
#323025   Is the Delta drone going to fly soon? scania4 07/27/18 07:10:14 AM
#323024   war: Yes, the Delta Drone deal was between Poptech 07/26/18 09:08:46 AM
#323023   LMFAO! DRONE HOGWASH SHOT DOWN WHEN ORIGINAL DEAL WarMachine 07/26/18 08:49:37 AM
#323022   BOOOOOOOOOOOOOMMMMMMMMMMMM!!!!!!!!!! Could this explain "a portion" of Be Confident 07/25/18 10:34:44 PM
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