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NeoMedia Technologies, Inc (NEOM)

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Last Post: 8/22/2019 4:34:56 PM - Followers: 915 - 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

 

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


There seems to be this endless banter about a patent but lets just see the TRUTH.

Apparently there is confusion about what a assignor and a asignee is. Maybe this will clear that up.




YEP! Pretty clear that this former company signed over the patent to NM, LLC and we all know that NM, LLC is a subsidiary

of Yorkville, who TOOK ALL ASSETS in the settlement, and this former company IS NOT part of Yorkville
.


 

Pink No Information

 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.

NEOM has NO ASSETS.
No assets means NO PATENTS.
No patents means NO CONTRACTS.
No contracts means NO REVENUE.
No revenue means THE USELESS BULLSHIT that continues to appear here will NEVER benefit NEOM shareholders.

Demand a connection folks! If you see this kind of hogwash,
DEMAND ANSWERS as to how it relates to NEOM and the future of this
DEFUNCT COMPANY.



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
#324043   Those inverted yield curves are killing us here. Poptech 08/22/19 04:34:56 PM
#324041   ZERO RELEVANCE TO NEOM. Won't net a single WarMachine 08/14/19 10:36:13 PM
#324040   100 Million Transit Riders Are Paying With WeChat Be Confident 08/14/19 09:41:16 PM
#324039   Healthcare Packaging Be Confident 08/14/19 09:34:10 PM
#324038   ShipChain and GTX Corp Launch Global NFC Blockchain Be Confident 08/14/19 09:29:34 PM
#324037   Vending machine firms to use blockchain ID platform Be Confident 08/14/19 09:26:06 PM
#324036   MTA Contactless Transit: Uptake much better than anticipated: Be Confident 08/14/19 09:23:07 PM
#324035   9900%, so it can go on! scania4 08/11/19 10:31:47 AM
#324033   ZERO RELEVANCE TO NEOM. Won't net a single WarMachine 08/08/19 09:15:57 PM
#324032   Beaconstac: Coupon QR code: Deliver deals and offers instantly Be Confident 08/07/19 10:27:39 PM
#324030   be: THe further we get from when NEOM Poptech 08/05/19 08:22:32 AM
#324029   MORE useless hogwash that is UNRELATED TO NEOM. WarMachine 08/04/19 10:07:18 PM
#324028   Scandit Mobile Self-Scanning: Be Confident 08/04/19 10:37:49 AM
#324027   Speaking of Track & Trace: Be Confident 08/04/19 10:36:11 AM
#324026   scan: I read be's post where he was Poptech 08/04/19 08:06:50 AM
#324025   be: You just posted about the wonders of Poptech 08/03/19 07:27:35 PM
#324024   NEOM 0.0001 trader53 08/03/19 06:18:39 PM
#324023   WOW! Yeah, that proves NEOM has assets, NOT. WarMachine 08/02/19 06:12:41 PM
#324022   Scania, Is this the information you are seeking? Be Confident 08/02/19 03:38:41 PM
#324021   How do you get on Terabyte? scania4 08/02/19 12:38:52 PM
#324020   be: There are no “handsets” with a “terabyte” Poptech 08/02/19 10:58:37 AM
#324019   Hey. 0,0001. great. Really Great. tank_man 08/02/19 08:52:01 AM
#324018   https://www.ariva.de/chart/images/chart.png?z=a1021~A1~b83~J1~H0~I1~POBV:PV rocket18 08/02/19 02:53:32 AM
#324017   Apparently, the seamless feature I have been seeking Be Confident 08/01/19 09:03:13 PM
#324016   What part of NO ASSETS don't you understand? WarMachine 08/01/19 06:10:33 PM
#324015   Lol! I continue to read this board for Blade Slade 08/01/19 12:18:16 PM
#324014   rocket: NeoMedia didn’t get a single penny for Poptech 08/01/19 11:01:56 AM
#324013   blade: We have a group of investors still Poptech 08/01/19 10:59:05 AM
#324012   ;-) scania4 08/01/19 10:35:44 AM
#324011   Well, this is from 7 years ago when Blade Slade 08/01/19 10:30:26 AM
#324008   Already forgotten? rocket18 08/01/19 12:57:01 AM
#324007   I hadn't noticed until today that clicking the Be Confident 07/31/19 11:44:26 PM
#324006   Explain how this is connected to NEOM, in WarMachine 07/31/19 05:46:01 PM
#324005   Mojaloop" is a software developed by the Melinda scania4 07/31/19 03:28:08 PM
#324001   That‘s a good Price..LOL tank_man 07/31/19 01:50:09 PM
#324000   LOL, at 0.0001? scania4 07/31/19 12:43:47 PM
#323997   NEOM had no banking/payments technology, patents or business Poptech 07/31/19 09:49:49 AM
#323996   More concerning the unbanked: Be Confident 07/30/19 11:57:29 PM
#323995   Visa Expands Contactless Payments to Public Transport Be Confident 07/30/19 11:39:45 PM
#323994   Careful folks! MORE UNRELATED BULLSHIT! NO~ASSETS=NEOM WarMachine 07/30/19 06:47:10 PM
#323993   And now soon for everyone, worldwide! NEOM scania4 07/30/19 09:55:33 AM
#323992   It may be more likely to become considered Be Confident 07/30/19 08:43:48 AM
#323991   Will Mojaloop be the internet of payments? rocket18 07/30/19 05:05:21 AM
#323990   Scania, Please explain a bit more. I am Be Confident 07/29/19 08:04:26 PM
#323989   Left green bar and no course display !!! scania4 07/29/19 12:52:19 PM
#323988   PVI explodes !!! rocket18 07/29/19 04:35:08 AM
#323987   LG Pay goes live in the US with Be Confident 07/27/19 08:41:13 PM
#323986   This company appeared on this evening's Shark Tank Be Confident 07/27/19 08:34:08 PM
#323984   Here comes Track & Trace: Be Confident 07/27/19 12:28:45 AM
#323983   be: Your post is so off-topic. What did Poptech 07/25/19 10:28:24 PM
PostSubject