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Last Post: 10/17/2018 9:53:44 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.

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
#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
#323255   Peer to peer is a machine to machine Bigfootbud 10/11/18 01:11:51 PM
#323254   Peer is not a news exchange system. scania4 10/08/18 03:49:20 PM
#323253   Scania4... this looks more promising... use in a Bigfootbud 10/08/18 03:41:06 PM
#323252   Scania4.... appreciate the reply, but hasn't that kind Bigfootbud 10/08/18 03:32:50 PM
#323251   Abstract: Machine-readable codes are read, decoded and resolved by scania4 10/08/18 03:18:35 PM
#323250   https://www.findmarketresearch.org/2018/10/2d-bar-code-marketing-market-to-witne scania4 10/08/18 02:32:25 PM
#323249   Scania.... so, should I renew my QRMOBILE.NET domain Bigfootbud 10/08/18 01:48:42 PM
#323248   https://zherald.com/2d-bar-code-marketing-market-analysis-2022-by-top-players-sc scania4 10/07/18 12:33:30 PM
#323247   That's true. They pulled their disappearing act in WarMachine 10/05/18 06:39:24 PM
#323246   war: It was not a backroom deal. Poptech 10/05/18 09:32:12 AM
#323245   I am still thinking Soon and the NEOM WarMachine 10/05/18 05:35:50 AM
#323244   lol.... man oh man Dr. Soon lost some change [SMART MONEY] 10/04/18 07:58:04 PM
#323243   ? scania4 10/04/18 01:54:19 PM
#323242   blade: My sense of it was that Poptech 10/04/18 01:09:45 PM
#323241   iam: In general, what 'exactly' are you two Poptech 10/04/18 01:08:02 PM
#323240   Do you mean SA Saudi Aramco? scania4 10/04/18 03:28:52 AM
#323237   Has nothing to do with NeoMedia Technologies. scania4 10/03/18 02:13:41 PM
#323236   scanL I don't get it. Does Poptech 10/03/18 01:59:26 PM
#323232   Exactly Scan! LAURA MARRIOTT DID IT! IamBaphomet 10/03/18 10:50:22 AM
#323231  Restored http://www.neom.com/ scania4 10/03/18 06:20:50 AM
#323229   Agreed Pop. I’m amazed at how much work Blade Slade 10/02/18 11:04:11 PM
#323228   blade: That is a new one. Poptech 10/02/18 10:43:48 PM
#323227   Have a run at this! 0.000001 ? -0.000099 WarMachine 10/02/18 10:28:49 PM
#323226   Please have a run at my paragraph at Be Confident 10/02/18 09:58:29 PM
#323225   ;-) Be Confident 10/02/18 09:43:08 PM
#323223   Do you mean Neom or NEOM? scania4 10/02/18 10:47:13 AM
#323222   be: You can beg, but NEOM, before Poptech 10/02/18 09:08:01 AM
#323221   Oh I beg to differ... My VERY Be Confident 10/02/18 08:03:59 AM
#323220   be: There is no entity as "Neom/NM/YA." Poptech 10/02/18 06:06:57 AM
#323219   iam: "neom's NM white papers" don't exist. Poptech 10/02/18 06:02:07 AM
#323216   Thanks Be, but this is part of Conduent’s Blade Slade 10/02/18 02:17:24 AM
#323215   I guess there are two sides here. It's IamBaphomet 10/02/18 02:08:47 AM
#323214   OooohAhhhhhhhhh... DIGIBYTE 28 September 2018 Be Confident 10/01/18 11:15:41 PM
#323213   An article I posted in 2017 carried a Be Confident 10/01/18 11:07:11 PM
#323212   Improving Convenience for All, Conduent to Bring Digital, Be Confident 10/01/18 10:33:04 PM
#323211   Still more QR codes at play...now with Bitcoin/Blockchain ;-) Be Confident 10/01/18 10:14:27 PM
#323210   keep: Last report NEOM had $60,000 in cash Poptech 10/01/18 05:22:53 PM
#323209   Pop: (Typo)...when NEOM defaulted on a $40 M loan. keepitrealplease 10/01/18 10:05:25 AM
PostSubject