iis...(put something here)
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YA seized all NEOM assets which was collateral for the debt. That's it. They do not "seize" along with it NEOM debts to others, shareholders, lawsuits, or any other legal or financial responsibilities.
At this point it's insane how people persist to continue.
No reverse merger. The stock play is over. NM LLC is not NEOM. NM LLC has been clear that they are selling the acquired assets to another company overseas but keeping the rights to litigate the patents (for the benefit of the LLC members.) MAYBE those members will clear a couple of million over time after expenses. Adding the regulatory burden of SEC filings, shareholders etc. as a public company adds expense but no benefit. Forget it.
I agree. They did a quick, global find and replace to remove MEOM. Now they have to review content for replacement/removal. I see this often when websites are acquired in auction, fire sale, etc. NM LLC is under no obligation to anyone to do a better job until they get around to it for their own reasons.
NM LLC has just taken over the website and the site is in transition.
What do you not get about...
If you were a member of NM, LLC you would know it as members of an LLC are bound as owners by a signed partnership agreement instead of through stock issuance or option grants. Have you entered into such an agreement?
Owning stock in NEOM does NOT give you any ownership in NM, LLC. NEOM and NM, LLC are two different companies.
Thank you.
Not at all. NM, LLC took over the website (and other assets after the auction) and clearly did a find and replace in copy to remove NEOM and replace with NM, LLC. There is NO stock ownership in an 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. Members can be added and subtracted over the life of the LLC, and profits are able to be distributed by varying amounts to each of the members. if you were a member of the LLC you would know it as members of the LLC are bound as owners by a signed partnership agreement instead of through stock issuance or option grants.
No at all. NM, LLC took over the website (and other assets after the auction) and clearly did a find and replace in copy to remove NEOM and replace with NM, LLC. There is NO stock ownership in an 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. Members can be added and subtracted over the life of the LLC, and profits are able to be distributed by varying amounts to each of the members. if you were a member of the LLC you would know it as members of the LLC are bound as owners by a signed partnership agreement instead of through stock issuance or option grants.
"...including license agreements, contracts, inventory, and IP used for bar code readers on smart phones, and to create QR codes for advertisements and the compilation of information based on code scans."
Ultimately NM, LLC. will derive income from continuing with lawsuits, 80% of that income (minus legal costs) will go to NM, LLC owners/members and 20% to Delta Drone.
Try to follow this...
NEOM is a now a shell with NO assets, NO patents/IP, NO technology platform, NO app, NO customers, NO CEO, 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
29 July 2016
NM, LLC. (NM) a YA-controlled entity (not confirmed) winds up with the NEOM assets including the patents at auction.
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/
scania4 and Be Confident - regarding, "NM, LLC will be required to disclose!"
NM, LLC is a private, non-public, non-trading company that acquired the assets of NEOM. They are not required to disclose anything. NM, LLC answers only to it's LLC members. Owning stock in NEOM does NOT give you any ownership in NM, LLC. NEOM's filings have no impact or effect on NM, LLC as they are two different companies.
What dots do you think you are connecting?
I guess you do not follow public/SEC filings and other links already provided on this board.I'm not going to go around and around with you. Good luck with your other investments.
NM LLC took over the assets of NEOM. NEOM the public company that you may have shares in is now out of the picture.
No, scania4 it's not. Give it up. NM LLC. is an entirely separate, private company.
Try to follow this...
NEOM is a now a shell with NO assets, NO patents/IP, NO technology platform, NO app, NO customers, NO CEO, 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
29 July 2016
NM, LLC. (NM) a YA-controlled entity(not confirmed) winds up with the NEOM assets including the patents at auction.
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/
scania4, the point is that the service you are referring to and all other assets was purchased by ANOTHER company. The service is in transition - eventually the company name, terms etc will switch to the company that purchased it. In the meantime, service is operational - so what? What don't you get about ALL NEOM assets being auctioned off after it's loan default.
Thank you, jacksira.
It can only be explained like this...
Insanity - Doing the same thing over and over again and expecting different results.
Any and all NEOM assets including cash went to YA. So how would that work exactly? Forget it.
Never. There, i said it.
WTF? "Once that connection is made we may see some life here again."
Why would you expect to see "life here again"? NEOM has nothing to do with NM, LLC. NEOM is done.
Try to follow this...
NEOM is a now a shell with NO assets, NO patents/IP, NO technology platform, NO app, NO customers, NO CEO, 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
29 July 2016
NM, LLC. (NM) a YA-controlled entity(not confirmed) winds up with the NEOM assets including the patents at auction.
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/
and ...no patents, no app.
The $50K check is held as a deposit and returned to you if you do not place the winning bid.
After YA Global called in their debt, I searched Google using various phrases.
Search Google for,"neomedia technologies asset auction".
https://www.google.com/search?q=neomedia+technologies+asset+auction&ie=utf-8&oe=utf-8
EVERYTHING the company owns is up for auction. YA Global is the secured party, any funds will go to them against the 40+ million they are owed.
I simply thought I would let people on the board know. I'm done. I'm gone.
The company and shareholders get nothing.
It finally got too hard to quietly follow the conversation. Not your post but others spreading misinformation.
Stop already.
ALL Neomedia assets are being sold at auction Wednesday.
The Secured Party will offer for sale at public auction all right, title and interest of Neomedia Technologies, Inc. (the "Debtor") in certain personal property owned by the Debtor, including license agreements, contracts, inventory, and IP used for bar code readers on smart phones, and to create QR codes for advertisements and the compilation of information based on code scans...
http://www.pesco.com/servlet/SelectAuction.do?auctionId=9388