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Be Confident. This news means nothing to out-of-business NEOM.
Be Confident. This news means nothing to out-of-business NEOM.
@Be Confident. You're kidding, right? No news is coming because the company is dead.
@Be Confident Apple, Amazon, Google, Paypal their banking partners (and maybe Facebook) already own contactless payments.
@Be Confident @Junior Would you mind not? These posts have nothing to do with this dead company.
@Junior571 Time already did tell. The company is shutdown. The neom.com domain was sold to another company.
@Be Confident. That is from over 6 years ago. The company is closed down and long gone. Do you really not realize this from all your (ahem) research? IMO, how disingenuous.
@tank_man Oh, okay. Thank you. Stay safe. Stay well.
@tank_man Yes, I am well aware. I'm just not sure what point you are making. :)
@Be Confident. What don't you get about NEOM being foreclosed on years ago and now without any assets, patents (key patents have expired), licenses, revenue, platform, clients, staff, and management. This dead company gains nothing from any increase in QR code use.
Be Confident: The "INDIRECT" patents you mention, expired several years ago. What do you think lead to foreclosure? With the loss of the patents, revenue dried up, and it no longer made financial sense to continue as a public company with an expensive CEO.
scania4: You make no sense at all. This other NEOM has no relation to the former NEOM company that this board is for. https://www.neom.com is a website for a new city, Neom, being built by Saudi Arabia.
scania4: This project has NOTHING to do with Neomedia Technologies, Inc and brings no value to NEOM shareholders. When NM, LLC acquired the neom.com domain and all other NEOM assets at auction, they let the neom.com domain go.
scania4: NM, LLC let the domain go.
scania4: What is DN?
Be Confident: His status does not matter. NEOM was a public company and CEO can not keep the CFO in the dark. CFO legal responsibilities are not diminished by how many hours they put in. CFO is a CFO.
Junior571: You are assuming (making up stories) that was the reason why the company stopped reporting. As is now clear, the company had no money, could no longer afford to stay current with the SEC, and was ultimately foreclosed on. A public company can not keep "secret" the fact it lost all it's assets in foreclose. No only is that public record but shareholders have a legal right to know.
Be Confident: Your statements are complete fiction. There are no seniors at NEOM. No masterminds bidding their time. No key players collaborating in secret. Can you back up any of your statements with proof?
Nothing left here folks. NEOM lost all assets in foreclosure. No staff. No executives. No offices. No phone number. No website. No patents. No licenses. No software. No contacts. No customers. No revenue. No future. Nothing. Nada. Zilth. These are the facts.
Be Confident: The media working in concert with NEOM operatives to push a plan for world domination that has been shrouded in a cloak of secrecy for years? Not likely.
Junior571: The veil was lifted years ago when NEOM went out of business, was foreclosed on, and lost all it's assets. There are no employees, executives, offices, patents, technology, customers in hiding.
scania4: Funny. No employees. No executives. No offices. No phone number. No assets. No patents. No clients. No revenue. Trading at .000001 per share. A shell that will cost more to bring current than to buy a clean one. Where is the shareholder value? Explain the opportunity?
scania4: The end for shareholders was when YA foreclosed on NEOM. YA then enjoyed the new beginning without NEOM shareholders.
Corrected URL: http://legacy-assignments.uspto.gov/assignments/assignment-pat-39622-662.pdf - After clicking on the link you may see a 404 error generating the document at the USPTO. Reload the page once or twice and it will load. Start at page 3.
Be Confident: Responses to your questions and personal opinions.
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Re: "Does anyone here truly believe that even this aspect of the ecosystem was so valueless to Neomedia's portfolio, that the patents could be auctioned by YA (NM, LLC) for a mere $3 million?"
Once the "core" patents used by NEOM for over a decade in law suits expired, the remaining portfolio had little value. In fact, all NEOM assets including the patents were sold at auction for $1.2M. Read the actual assignment here, "http://legacy-assignments.uspto.gov/assignments/assignment-pat-39622-662.pdf" - After clicking on the link you may see a 404 error generating the document at the USPTO. Reload the page once or twice and it will load. Start at page 3.
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Re: "Hasn't ANYBODY here ever questioned why YA purchased, at auction, that which they already held title to via assignment and forfeiture?"
It's was a more efficient and clean transaction for YA to foreclose, put the assets up for sale at auction, and then purchase the assets. Otherwise, to simply "keep" the foreclosed patents, YA would have had to deal with all sorts of legal, debtor and shareholder process and notices. Would have taken 6-9 months and potentially subject to various shareholder and patent assignment issues. By winning the bid at auction - the assets were fast and cleanly acquired.
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Re: "...yet YA primarily advertised them in California."
California? Actually, the auction was quietly advertised and held in New York. A $50K deposit was required to attend, keeping interested non-bidding parties like shareholders away. Here are the details, "https://www.pesco.com/servlet/SelectAuction.do?auctionId=9388"
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Re: "IMO, YA could be held accountable for failure to act in the shareholders' best interests to attain a reasonable value for these patents (merely my opinion."
The "reasonable" value was determined by an auction. YA/NM, LLC. did not acquire NEOM debts, shareholders, or any other legal or financial responsibilities. YA/NM, LLC owes NEOM shareholders nothing and the clock has run out for shareholders to file objections.
Be Confident: These type reports are infamously resold year after year without update to the players. Besides, IF NEOM was still operating what number would a customer contact them at? Oh wait, NEOM has no phone number, offices, staff or executives. Not much of a business is it?
Be Confident: Not much support. When you visit the links in those posts, one no longer exists and the other is 9 years old.
scania4: Out-of-business NeoMedia no longer owns patents.
rocket18: Dream on.
scania4: Dream on.
scania4: From your link, NEOM has a market cap of $5,088.
scania4: You misunderstand what those entries refer to.
scania4: WRONG! The patents belong to another company now, and the key patents they used to use in law suits expired several years a go. That's all public record.
Pop: Yes. My post was more an, "even if..." And, I agree with what you write, see my earlier comments at, https://investorshub.advfn.com/boards/read_msg.aspx?message_id=148034781
Be: This never happened, "...they (NEOM) partnered with VISA to build out and beta test the credit/debit card channel via all of VISA's extensive relationships in that field."
Ripple? One should drink more mindfully. "NEOM" can show you the way. https://www.neomorganics.com/wellbeing-blog/2018/02/15/how-to-drink-more-mindfully/
Be: Do you really think that a global financial/payments ecosystem operates in the dark? Unless your talking about the dark web, where the activity is mostly illegal.
tank_man: Yes! You must be right. Not South America, the dark side of moon! They must have acquired an abandoned WW2 base when they purchased Gravitec years ago. Who knows how deep this goes?
tank_man: but. but. they have a plan for world domination, years in the making, passed on in secrecy from CEO to CEO, and went dark and out of business to protect it. meanwhile, they are working out of an unconfirmed qr code manufacturing facility in south america filling up a warehouse e.g., clearinghouse of qr codes to sell to every company on the planet for every reason. this plan is so much smarter than what apple, google, or amazon are doing. those guys build companies that are only worth billions and trillions - how shortsighted. lol.
Be Confident: HOGWASH! No partnerships were ever behind this outdated list. No press releases to that effect exist either. NEOM in its last years was a known patent troll, sending out letters to hundreds of companies threatening lawsuits. These companies, rather than spend a lot of money with lawyers fighting NEOMs bogus interpretation of their patents in court, made a business decision to settle out of court for less money than the potential legal bills, paying for a one time license to the patent portfolio. The money NEOM received went mostly to YA to pay off debt, the next big chunk went to the CEO's salary, not much was left over for operations and its skeleton crew. When the key patents expired, the patent game ended, the money dried up, and NEOM went out of business. Now, NM, LLC (YA) after foreclosing on the assets, is sweeping up loose change.
scania4: LOL."...they have a secret mission"