NeoMedia Technologies, Inc (NEOM)

[Poptech]

junior: NeoMedia went dark the month before $40 million in debt came due in whole. Last reporting, they had about $60,000 in cash. YA called the loan and NEOM went out business. As voted up by shareholders, NEOM gave up rights to a bankruptcy, and surrendered all assets to the debt holder including all shares in NeoMedia.

There is no mystery. No pie.

Even before shuttering, NEOM had nothing to with 5G, payments or autonomous vehicles.

NEOM processed barcodes used in adverting. It was obviously a very bad business model.