Thursday, April 20, 2017 2:04:34 AM
http://www.reverse-merger.org/cleaning-up-public-shells.php
Only two cases left to close. And all debt that they owned tied to NEOM they can write off the books and most likely have.
https://search.rpxcorp.com/advanced_search/search_litigations#searchq=case_key_texts%3A(dedce-60267+OR+dedce-60269+OR+dedce-60196+OR+ordce-120458+OR+codce-149224+OR+codce-149226+OR+codce-148206+OR+gandce-205275+OR+codce-147863+OR+wawdce-199480+OR+codce-142873+OR+codce-141313+OR+codce-140766+OR+codce-140454+OR+codce-140405+OR+codce-139886+OR+codce-139711+OR+codce-139692+OR+codce-132529+OR+paedce-166631+OR+nysdce-350411+OR+paedce-164706+OR+paedce-164658+OR+ilndce-144667+OR+ilndce-144124+OR+paedce-24300)
They "own the shares", as Popt said, so they can "transfer them" all to anybody they like who wants them to take their own private company public. They "own them" in the sense that they will then "transfer" our legal right to the proceeds of the shares in one's account (if one shows NEOM shares in their account) from showing them as NEOM shares to whatever new symbol the new "owners" chooses them to be to represent their new public company.
YA wants their money back. They are selling everything they can and holding onto the bare minimum required to service their customers as NM,LLC continues dba "NeoMedia", to eek what little they can from that core biz. Everything they can sell INCLUDES selling the the NEOM shares they "own" to a company that wants to change them in a way that makes them "their own".
I believe that is exactly what they have planned to do and are in the process of doing.
After all, why wouldn't they try to sell it/them like everything else to recover what loses they can? It wouldn't make any sense not to me putting myself in their shoes. They paid dearly for it/them over the years.
lns
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