NeoMedia Technologies, Inc (NEOM)

[keepitrealplease]

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.