NeoMedia Technologies, Inc (NEOM)

[lesnshawn]

WHAT'S GOING ON HERE? My assesment is this...

1) NeoMedia Technologies, Inc. (NTI) was originally formed in the 90's as a publicly traded company under the symbol: NEOM
2) As time went on and the business grew, to secure debt planned for aquisitions to further grow the company, around 2006 NTI entered into a patent security agreement (PSA) w/ YA (formerly, Cornell) for all the patents. This PSA was restated in the 10/28/13 10Q report.
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9570628.
3) Fast-forwarding to January, 2016...Long after much demise to NTI had taken place and very little growth, a "NOTICE of Security Agreement" was filed w/ the USPTO in January, 2016. This was essentially just an 'FYI' filing as NO ACTION was taken at that time as a result of THIS filing other than letting it publicly be known again, for the record, that the PSA CONTINUES to remain in force.
http://legacy-assignments.uspto.gov/assignments/assignment-pat-37640-208.pdf
4) NTI eventually defaulted on that PSA a few months later on 6/1/16.
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11433099
5) Around this same time, YA had created a private corporate entity who they own and control, NM,LLC (evidence of this is that YA and NM,LLC both list the same exact address as their respective corporate headquarters'). Then, as part of the actions taken by YA against NTI for defaulting on the PSA, in lieu of monetary payment which NTI could not satisfy, YA forced NTI to assign all rights to their entire patent portfio over to NM,LLC a couple months later, on 8/24/16 (again, NM,LLC = YA).
6) As a RESULT OF THAT ACTION, NTI was later RELEASED from the PSA by YA (and YA's previous corp names as well) on 1/23/17 because of NTI's having then satisfied the terms of PSA through assigning 100% of all of their rights to the patents to NM,LLC (again, due to their defaulting on repayment of past debt obligations to YA).
http://legacy-assignments.uspto.gov/assignments/assignment-pat-41469-160.pdf

IMO, the release of NTI from the PSA on 1/23/17 by YA was only that...a release of any further debt obligations to be owed by NTI to YA since all debt owed had been satisfied. At that point, w/ all the debt obligations of NTI owed to YA having been satsfied and NTI being left w/ nothing to survive on, YA essentially set NTI free to, well, "die"....just naturally go out-of-business.

NTI is now "dead" (no longer a legal operating corporate entity) due to failed business ventures entered into by previous CEO's (CF and MC, not LM), and their signing of debt agreements owed to YA to pay for those failed business ventures, way back 10+ years ago.

BUT, "NeoMedia", the BRAND NAME, lives on...
http://www.neom.com

As it currently stands, NM,LLC is now 'dba', "NeoMedia", to simply keep the "NeoMedia" brand going due to its established name recognition is the 2D barcode market.

Was anything of the former NTI left "alive"?

Yes...its NEOM shell*...which, through NTI's PSA default being triggered and acted on, YA now has CUSTODIAL control over.

With the new found CUSTODIAL (only) control YA aquired over NTI's publicly traded shell* stock, NEOM, YA subsequently spent all of the resources necessary to satisfy all of the DTCC's questions and concerns they had concerning NTI's past stock transactions which were still tied to the NEOM shell* stock. As a result, the DTC CHILL was subsequently LIFTED (see stickied** post above for that proof) on the NEOM shell* stock and there are currently NO LONGER any broker trading restrictions on the NEOM shell stock being publicly traded.

* - "shell", since NTI is now out of business due to defaulting on the PSA
** - direct link to proof of NEOM DTC CHILL list removal if post if replaced


WHAT DOES ALL THIS REALLY MEAN FOR THE AVERAGE PENNY STOCK INVESTOR AND/OR TRADER?

It means that NEOM...the MM sponsored, empty, restriction-free and publicly traded stock SHELL is NOW able to be used in a REVERSE MERGER of any sort by YA.

Most likely outcome, IMO, will be YA using its CUSTODIAL controlled NEOM shell to take its own private entity, NM,LLC public via a reverse triangular merger (RTM) and NTI's subsidiary, Qode Services Corp.

It is IMVSHHO, that most of the trading activity we've seen in NEOM over the past six months (and will continue to see) has been YA buying up as much of its own (CUSTODIAL controlled) NEOM shell stock as they can for .0001/share for them to profit from however they best see fit before, during and after they take their privately held NM,LLC (dba, "NeoMedia") public via an upcoming RTM they are planning.

Time will tell how accurate my assessment is.

I hope the above shared analysis provides some insight and understanding to those who have any concern or interest here and are confused or just plain lost as to what the heck is going on w/ everything in this situation.

Best,
lns