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scania4: Huh? Nothing exciting for stockholders. NEOM is completely out of the picture.
Jacksire: NM LLC was incorporated in Delaware to hold and manage the acquired assets/patents. The address for NM, LLC (LIMITED LIABILITY COMPANY DELAWARE) is 1012 SPRINGFIELD AVE MOUNTAINSIDE NEW JERSEY 07092.
Yorkville Advisors (YA) is at the same address.
CORRECTION: Be Confident: The trademarks show 2014 because that is when the trademarks were registered (filed in 2013.) The 2014 "Status Date" is the date of the "Status" of Registered when registered to the NeoMedia Technologies, Inc NOT the date of transfer to NM LLC. See complete information by doing search at http://tmsearch.uspto.gov
The transfer did not occur until after NM LLC took position of the patents.
The trademarks show 2014 because that is when the trademarks were registered (registred in 2013.) The 2014 "Status Date" is the date of the "Status" of Registered when registered to the NeoMedia Technologies, Inc NOT the date of transfer to NM LLC. See complete information by doing search at http://tmsearch.uspto.gov
The transfer did not occur until after NM LLC took position of the patents.
Be Confident: Best of luck to you.
jacksira: Unfortunately, shareholders will never get anything back. Warning others (like you do) is about the only reward or therapy you can hope for.
Be Confident: After many, many years and for many reasons there is NO business running a central clearinghouse. That looks like a failed business model to me.
When settling a lawsuit you pay a one time settlement that covers you for the life of the patents, it's not a yearly recurring license.
Actually, it does matter how and why companies become customers. It is disingenuous of a public company to claim companies that settled a lawsuit for alleged infringement as "customers".
While NEOM existed did shareholder value ever grow? The company served as a piggy bank for a few. Shareholders never had a chance.
Links? Really? Facts have never mattered to you. You take facts and spin them into tales of fantasy. Good luck with that.
I think I know who you are referring to. I'm flattered.
Scania & BC: NM, LLC is not doing ANYTHING for NEOM's benefit. NEOM is out of the picture. NM LLC keeps 80% of the revenue obtained from future patent litigation. That revenue is distributed between the private LLC members. Delta Drone keeps the other 20%.
The business behind the clearing house patents failed years ago. No one in the industry was willing to place one company in a central role. The '048 patent expired last year as did NEOMs other "Core" patents.
You do realize that even while NEOM was in existence and had patents their revenue was derived primarily from patent lawsuits. This income was NOT recurring revenue. NEOM's former "customers" e.g. "...large number of multinational company clients, in particular from the US, which use these licenses for marketing operations in B to C operations." were companies that settled with NEOM and paid a one-time licensing fee. These companies became customers because they were sued and settled NOT because they loved NEOM's outdated technology platform. These companies made a decision after being "approached by NEOM -- an infamous patent troll in the industry -- to pay a "license fee" and settle the lawsuit OR spend 100s of thousands of dollars fighting in court. Most companies made a pure business decision to pay the lessor of the two and get back to selling whatever they sold to consumers -- clothes, tacos, shampoo etc. The revenue derived from those lawsuits went to NEOM law firms, YA for debt service, and the CEO to cover a 500K+ year salary - a small amount remained to run operations of a public company shell.
Follow the money. You guys were suckered. Instead of dreaming up one fantasy after another you should be picking up pitchforks.
The article is about Facebook’s Drones. Facebook’s Drones designed to bring the Internet to various parts of the world via lasers has nothing to do with Delta Drone. You guys so randomly grab at straws.
PinkZombie where have you been? The private, non-public LLC that acquired all the patents and other assets at auction have already them. Part of the deal with the purchaser is that the LLC manages the patent lawsuits.
Try to follow this...
NEOM is a now a shell with NO assets, NO patents, NO IP, NO technology platform, NO app, NO trademarks, NO customers, NO CEO, No Employees, No office. Nothing. Zilch. Nada.
1 June 2016
YA Global Investments L.P. f/k/a Cornell Capital Partners LP, a Cayman Islands partnership (YA) calls in Neomedia debt ($43,501,613 as of June 1, 2016 in principal and interest) and forces patent auction. e.g., YA seized all NEOM assets which was collateral for the debt.
29 July 2016
NM, LLC. (NM) a YA-controlled entity winds up with the NEOM assets including the patents at auction. NM, LLC is not NEOM. NM, LLC is a private group of people. LLC does not issue stock, and is not publically traded.
8 August 2016
Delta Drone (which trades in Euro pennyland), a YA-financed, YA-controlled company, is in negotiations to buy the Neomedia patents from NM, LLC for $3.5M (in newly minted Delta Drone shares)
"...future license revenues is and will be obtained from a number of outstanding or potential litigations related to the non-payment of royalties by users of these patents. However, the management of these litigations is and will be effected by NM (NM, LLC. NOT NEOM) together with a law firm specialized in IP. Within the framework of the LOI, Delta Drone and the shareholders of NM have agreed that 20% of the net amount resulting from all or part of the said litigation will be paid to Delta Drone, the latter not being liable for the prosecution of the litigation."
Source of the above quote:
Delta Drone is in exclusive negotiations for the acquisition of substantially all of the assets of NM, LLC based in the US - http://www.deltadrone.com/it/delta-drone-discussion-exclusive-vue-rachat-de-certains-actifs-de-societe-nm-llc-aux-etats-unis-3/
NEOM is out of the picture. NEOM is no longer registered in Delaware and it's stock was cancelled. There is no longer a shell. The only reason why the stock is still available is that FINRA moves slow to shutdown trading. If you buy the stock you can not resell it, there is no bid price.
NEOM is out of the picture. Done. The END.
Clown? I've never read an incorrect statement written by Pop. NEOM has nowhere to go.
scania4: The net result of the YA agreements w/ NEOM and the NEOM default of approximately 43 MILLION is that NEOM lost EVERYTHING.
momentum858: NO value to NEOM, all their IP including previously filed patents that are issuing go the YA to satisfy debt.
momentum858: any patents that had been filed by NEOM and are issued moving forward (including the recent one) all go to YA to clear the 43M in debt NEOM defaulted on. NEOM does not get to keep any assets or IP - that's how the process works. NEOM has no IP, employees, management, offices, App, platform of customers any more. Again, if previously filed patents are issued they are lost to YA / NM LLC that acquired IP/patents at the auction. NEOM is OVER.
scania4: You're joking, right? What don't you understand about NEOM NOT having any cash. A shareholder capital surplus is NOT a capital reserve (as Pop has informed you on many occassions.) A shareholder capital surplus holds no cash. It is a calculation, used to force the balance of the balance sheet, of the different between par and issued price of stock. Besides, if NEOM had cash the would not have been foreced in default and had ALL their assets auctioned off.
Bentobox, what don't you get about NEOM no longer having any assets, IP, product, or customers. It all went to a YA-controlled company, NM LLC at auction.
I don't know what people think they are buying. The NEOM shell apparently has no assets, cash, IP/patents, customers, App, platform or executives.
jacksira: You misread/misunderstood the Deltra Drone press release regarding the $3.5 million. We don't know what NM LLC actually paid at auction for the NEOM assets, what we know is what they are selling them for.
"The LOI provides that the acquisition price will be equal to $3.5m, paid in full in Delta Drone new shares issued within the framework of the capital increase mentioned above and at a price equal to the lower of: (i) €1.40 and (ii) the volume weighted average price of Delta Drone stock over the 10 consecutive trading days immediately preceding the date of publication by Delta Drone in the “Bulletin des Annonces Légales Obligatoires” of the convening notice of the applicable general meeting."
Delta Drone is in exclusive negotiations for the acquisition of substantially all of the assets of NM, LLC based in the US
http://www.deltadrone.com/it/delta-drone-discussion-exclusive-vue-rachat-de-certains-actifs-de-societe-nm-llc-aux-etats-unis-3/
Pop: You have something like 6 years post patent expiration to start litigation for alleged "infringement" the occurred prior to patent expiration. Once the patent expires though, the defendant cannot start a IPR action in the PTO. You are stuck with fighting the claims in court or settling.
Pop, No IP litigation. I've posted this previously but here it is again...
------------------------
The primary purpose of the LLC was to by the assets and monetize them for the LLC members. They are in process of selling the IP to Delta Drone (which is also YA financed) but are retaining the right to managing the IP lawsuits.
Regarding the intended NM LLC business...
"...future license revenues is and will be obtained from a number of outstanding or potential litigations related to the non-payment of royalties by users of these patents. However, the management of these litigations is and will be effected by NM (NM, LLC. NOT NEOM) together with a law firm specialized in IP. Within the framework of the LOI, Delta Drone and the shareholders of NM have agreed that 20% of the net amount resulting from all or part of the said litigation will be paid to Delta Drone, the latter not being liable for the prosecution of the litigation."
Source of the above quote:
Delta Drone is in exclusive negotiations for the acquisition of substantially all of the assets of NM, LLC based in the US - http://www.deltadrone.com/it/delta-drone-discussion-exclusive-vue-rachat-de-certains-actifs-de-societe-nm-llc-aux-etats-unis-3/
Poptech, ...and according to the Deltra Drone PR, manage future litigations.
poptech, wilma6311: According to the PTO trademark pages for either neoreader, neosphere or qodescan the address for NM, LLC (LIMITED LIABILITY COMPANY DELAWARE) is 1012 SPRINGFIELD AVE MOUNTAINSIDE NEW JERSEY 07092
Yorkville Advisors (YA) is at the same address.
The copy and paste job on the website when it was taken over by NM LLC is irrelevant and meaningless. NM LLC is privately held by a group of LLC members. NEOM shareholders have no part in the LLC. In fact, a limited liability company, or LLC, cannot issue stock. Instead, an LLC is structured to have single or multiple owners of that entity, who are referred to as members. Each member has a membership interest representing an undivided claim in all assets of the business and the right to a portion of business profits. NEOM shareholders are not members of the LLC. In fact, one of the benefits of taking over the assets after NEOM default as an LLC is that the LLC is unencumbered by NEOM shareholders.
No. I'm simply trying to keep it real.
NM DOES NOT = NeoMedia! They are NOT the same stocks !!!
NM LLC is a different company than Neomedia (NEOM). Shareholders in NEOM do NOT have any interest in the LLC. NM LLC took over the assets (including the website, App, services, and IP) after NEOM default to YA.
FYI. According to the PTO trademark pages for either neoreader, neosphere or qodescan the address for NM, LLC (LIMITED LIABILITY COMPANY DELAWARE) is 1012 SPRINGFIELD AVE MOUNTAINSIDE NEW JERSEY 07092
Yorkville Advisors (YA) is at the same address.
If you read the trademark page pages NEOMEDIA TECHNOLOGIES, INC.
assigned the trademarks to NM, LLC. Which is what happens when you take over the assets of another. The page only provides the registration date NOT the date when assigned.
The primary purpose of the LLC was to by the assets and monetize them for the LLC members. They sold the IP to Delta Drone (which is also YA financed) but retained the right to managing the IP lawsuits.
Regarding the intended NM LLC business...
"...future license revenues is and will be obtained from a number of outstanding or potential litigations related to the non-payment of royalties by users of these patents. However, the management of these litigations is and will be effected by NM (NM, LLC. NOT NEOM) together with a law firm specialized in IP. Within the framework of the LOI, Delta Drone and the shareholders of NM have agreed that 20% of the net amount resulting from all or part of the said litigation will be paid to Delta Drone, the latter not being liable for the prosecution of the litigation."
Source of the above quote:
Delta Drone is in exclusive negotiations for the acquisition of substantially all of the assets of NM, LLC based in the US - http://www.deltadrone.com/it/delta-drone-discussion-exclusive-vue-rachat-de-certains-actifs-de-societe-nm-llc-aux-etats-unis-3/
I'm flattered but I'll never be in your league. :)
I guess it's a toss up between you and Be Confident for the most creative imagine.
"So NEOM is worthless and nothing is left and shareholders get nothing..." Pretty much that's how it is.
The"letter" regardless of it's content, if sent, is merely a formality. NEOM has no assets or cash to make any payment to shareholders.
FYI. The step before GROWTH is normally not financial ruin and losing all your assets, IP, and customers.
Wow. Your imagination is clearly without limits.
The 3.5M in Delta Drone shares goes to NM LLC. NEOM is out of the picture.
That email has nothing to do with NM LLC. NEOM that you own worthless stock in has no assets and no cash.
It's really not complicated. NM LLC owes nothing to NEOM or NEOM shareholders. NEOM shareholders are not entitled to piece of NM LLC or any payment from them.
Says the spider to the fly.