Wednesday, August 13, 2014 8:02:19 PM
Wilma, I'd agree that it was done for a reason and the rational behind it may very well benefit Neomedia, the company.
I was looking at it through the lense of a common shareholder of Neomedia.
LM and the BOD have very purposely made there be a clear distinction between us and them.
They have spent plenty on legal expenses recently, it just appears all of the expense and all of the resources are being spent solely for the benefit of the company of Neomedia and their debtors...we as common shareholders are but an after thought, and with the reverse merger language we are barely even that.
You may be right that this has something to do with Scanbuy.
My frustration is we have the resources for all these legal expenses, but in their own words we don't have the resources for my vote and yours to be accounted for last Sept nor for our shares to be delivered properly after the latest RS
Notice to Shareholders, February 28, 2013
As we have discussed previously in our updates, DTC prescribed specific procedures for us to follow in order for DTC to make a determination whether the Deposit Chill can be removed, including submission of an acceptable legal opinion. As of February 25, 2013 we have not submitted the requisite information and thus the Chill remains in effect until such time as NeoMedia determines that it is appropriate to expend the significant resources to prepare the request for removal of the Chill. Shareholders may still trade our shares through full service brokers. We apologize for any inconvenience this may cause.
This statement is clearly false. It does not "only" impact the ability of shares to be traded electronically.
Notice to Shareholders, January 28, 2013
NeoMedia Technologies, remains current in all of the regulatory filings necessary to maintain trading of its stock in the market. The Depository Trust Corporation (DTC) ‘chill’ in effect on the Company’s stock only impacts the ability to trade shares electronically. While the stock is not trading electronically, it continues to be traded using traditional paper stock certificates. Please check with your current or other brokerage firm regarding their policy on paper stock certificates.
I was looking at it through the lense of a common shareholder of Neomedia.
LM and the BOD have very purposely made there be a clear distinction between us and them.
They have spent plenty on legal expenses recently, it just appears all of the expense and all of the resources are being spent solely for the benefit of the company of Neomedia and their debtors...we as common shareholders are but an after thought, and with the reverse merger language we are barely even that.
You may be right that this has something to do with Scanbuy.
My frustration is we have the resources for all these legal expenses, but in their own words we don't have the resources for my vote and yours to be accounted for last Sept nor for our shares to be delivered properly after the latest RS
Notice to Shareholders, February 28, 2013
As we have discussed previously in our updates, DTC prescribed specific procedures for us to follow in order for DTC to make a determination whether the Deposit Chill can be removed, including submission of an acceptable legal opinion. As of February 25, 2013 we have not submitted the requisite information and thus the Chill remains in effect until such time as NeoMedia determines that it is appropriate to expend the significant resources to prepare the request for removal of the Chill. Shareholders may still trade our shares through full service brokers. We apologize for any inconvenience this may cause.
This statement is clearly false. It does not "only" impact the ability of shares to be traded electronically.
Notice to Shareholders, January 28, 2013
NeoMedia Technologies, remains current in all of the regulatory filings necessary to maintain trading of its stock in the market. The Depository Trust Corporation (DTC) ‘chill’ in effect on the Company’s stock only impacts the ability to trade shares electronically. While the stock is not trading electronically, it continues to be traded using traditional paper stock certificates. Please check with your current or other brokerage firm regarding their policy on paper stock certificates.
