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NeoMedia Technologies, Inc (NEOM)

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Last Post: 6/13/2018 6:07:50 PM - Followers: 923 - 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.

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
#322959   Too bad it won't stop to fantasy vague WarMachine 06/13/18 06:07:49 PM
#322958   war: The former NEOM website, neom.com, was Poptech 06/13/18 11:27:48 AM
#322957   be: NEOM had nothing to do with blockchain. Poptech 06/13/18 11:16:35 AM
#322956   More Blockchain: Be Confident 06/12/18 10:54:52 PM
#322955   Yeah, love the cheesy website with the overuse WarMachine 06/12/18 02:37:29 PM
#322954   rocket: Someone has now bought up all Poptech 06/12/18 09:34:52 AM
#322953   get.neoreader.com rocket18 06/12/18 05:12:07 AM
#322952   Sadly, no matter how far fetched a post WarMachine 06/12/18 01:43:39 AM
#322951   Has anyone taken notice of the significant new Be Confident 06/11/18 10:58:05 PM
#322950   Excellent! Nice find. Be Confident 06/11/18 10:40:09 PM
#322947   https://www.it-finanzmagazin.de/wp-content/uploads/2018/02/SWIFT-NPP-1140.png rocket18 06/11/18 05:52:21 AM
#322946   Be... should I get 1 milly shares just Bigfootbud 06/10/18 02:50:25 PM
#322945   Stand BACK! This could set off a BOOOOOMMMMMM... ;-) Be Confident 06/09/18 07:27:51 PM
#322944   LOL, I think that stocks are still being scania4 06/09/18 10:49:19 AM
#322943   scan: First, it is never a positive that Poptech 06/09/18 08:11:01 AM
#322942   If everything is so negative, then why is scania4 06/08/18 02:09:50 PM
#322941   be: The USPO has been direct QR codes Poptech 06/08/18 01:59:38 PM
#322940   be: NEOM never did payments, in-car or not. Poptech 06/08/18 01:57:53 PM
#322939   be: NEOM was not in the kiosk business. Poptech 06/08/18 01:57:14 PM
#322938   Hyundai adds Applebee's, Chevron and ParkWhiz to in-car Be Confident 06/08/18 12:16:26 AM
#322936   I believe I posted somewhat recently (within the Be Confident 06/08/18 12:03:28 AM
#322935   What's with 2 & 2 & 2 shares?! Termite7 06/07/18 08:27:16 PM
#322934   be: I assume you have lost all Poptech 06/07/18 05:51:21 PM
#322933   be: More absolutely nutters span. NEOM had Poptech 06/07/18 05:49:10 PM
#322929   Visa targets open banking with $100m investment fund Be Confident 06/07/18 12:52:22 AM
#322928   McDonald's to add self-order kiosks to 1,000 stores Be Confident 06/07/18 12:41:33 AM
#322927   be: Nothing has happened with either separate Poptech 06/06/18 08:52:08 AM
#322926   Be Confident: There is NO such entity as keepitrealplease 06/06/18 07:37:40 AM
#322924   Rocket, Have you noticed anything significantly different lately (pertaining Be Confident 06/05/18 09:43:36 PM
#322923   Be: NEOM was never in banking, payments, fund Poptech 06/05/18 08:03:57 AM
#322922   https://en.wikipedia.org/wiki/Unified_Payments_Interface rocket18 06/05/18 02:40:50 AM
#322921   CFO STATES EVERYTHING IS GONE! Read the ibox WarMachine 06/04/18 11:51:30 PM
#322920   YAY! Too bad NEOM will never benefit from that. WarMachine 06/04/18 11:48:07 PM
#322918   Now for one of the banking articles I Be Confident 06/04/18 10:04:26 PM
#322917   How Technology Is Redefining E-Commerce Be Confident 06/04/18 09:54:59 PM
#322916   A MUST READ: Be Confident 06/04/18 09:39:28 PM
#322915   Snapchat Sells Advertisers on Augmented Reality with New Be Confident 06/04/18 09:27:02 PM
#322914   Interestingly, for the past week I've had numerous Be Confident 06/04/18 09:22:50 PM
#322913   be: None of this spam has anything Poptech 06/04/18 09:47:50 AM
#322912   be: Going around all the other errors in Poptech 06/04/18 09:38:24 AM
#322911   Be Confident: That is a lie. The patents keepitrealplease 06/04/18 08:16:33 AM
#322910   https://www.swift.com/news-events/press-releases/mobile-payments_three-winning-s scania4 06/04/18 02:04:30 AM
#322909   Scania, Here is one you and Rocket are sure Be Confident 06/03/18 11:28:15 PM
#322908   Busking goes cashless with 'a world first' for London Be Confident 06/03/18 10:38:09 PM
#322907   NEOM $$$$ POSSIBLE BIG MOVER...SOMETHING COOKING WITH ALL halbroke1 06/03/18 10:25:36 PM
#322906   Ride the subway using WeChat Pay Be Confident 06/03/18 10:23:14 PM
#322905   Thank you Dona. You might have another Be Confident 06/02/18 08:57:27 PM
#322904   NM, LLC v. Dick's Sporting Goods, Inc. Docket donadioma 06/02/18 03:10:01 PM
#322903   be: NEOM had nothing to do with AR. Poptech 05/31/18 10:10:48 AM
#322901   Yep, still dead. Amazing how a company that WarMachine 05/31/18 12:51:27 AM
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