NeoMedia Technologies, Inc (NEOM)

[wilma6311]

My...what a difference a year makes.

Be Confident Member Profile Be Confident Wednesday, September 21, 2016 8:47:57 PM
Re: wilma6311 post# 317888 Post #
317894
of 321695 Go
Wilma,

The rules governing LLCs vary by state. However, here is something which cought my eye (although I've no idea of this person's credentials):

http://www.dividendsandpreferences.com/2009/03/why-cant-i-take-my-llc-public.html?m=1

"But one point I made deserves some additional flavor. I noted, almost in passing, that it is not possible to do an IPO with an LLC. Any LLC that wanted to go public would be required to first convert to a corporation anyway with potentially very adverse tax consequences."

Wilma, should the above be true, how is it that YA updated the investor's page of the website indicating NM, LLC is a public company?

Also, from what I learned from Lesn's mantra, the tax consequences could be avoided via a reverse merger.

However, most importantly, WHY would NM, LLC be taken public, or even remain in business, if they sold 100% of their IP to Delta Drone?

(I pose these questions to all iHubbers).

It is obvious the fat lady has sung. We own nothing. I merely seek to understand how and why all of this came to pass just as the industry is erupting.

Best,
BC