NeoMedia Technologies, Inc (NEOM)

[Personalizit]

I guess there wasn't any up front cash from the latest license:

"On August 14, 2009, the Investor and the Company entered into an Agreement to issue an additional debenture (the “Third Additional Agreement”), a copy of which is attached hereto as Exhibit 10.124, whereby the Company issued to the Investor a secured convertible debenture in the principal amount of $475,000, a copy of which is attached hereto as Exhibit 10.125 (the “Fifth Additional Debenture”). Such debenture shall mature on July 29, 2010 (the “Maturity Date”). The Fifth Additional Debenture shall accrue interest at a rate equal to fourteen percent (14%) per annum and such interest shall be paid on the Maturity Date (or sooner as provided in the Fifth Additional Debenture) in cash or, provided that certain Equity Conditions are satisfied (as such term is defined in the Fifth Additional Debenture), in shares of the Company’s common stock (“Common Stock”) at the applicable Conversion Price (as defined in the Fifth Additional Debenture). At any time after August 14, 2009, the Investor shall be entitled to convert any portion of the outstanding and unpaid principal and accrued interest thereon into fully paid and non-assessable shares of the Common Stock at a price equal to the lesser of $0.02 and ninety-five percent (95%) of the lowest volume weighted average price of the Common Stock during the ten (10) trading days immediately preceding each conversion date."