NeoMedia Technologies, Inc (NEOM)

[Poptech]

LV: Dr. Soon-Shiong is not saving the day. It is time investors have a real conversation about options. Otherwise, this board becomes useless to analyze investment. NeoMedia is not the first run at this.

July 5, 13G, NAMES OF REPORTING PERSONS, Patrick Soon-Shiong, California Capital Equity, LLC (CCE)
“The Reporting Persons disclaim beneficial ownership of any and all shares of Common Stock issuable upon any conversion or exercise of the Convertible Securities if such conversion or exercise would cause RA LLC’s aggregate beneficial ownership to exceed or remain above the Ownership Limitation (as is currently the case).”

http://sec.gov/Archives/edgar/data/1163300/000119312511181964/dsc13g.htm

“Jumped in this morning. Would be nice to know what they know, but quite frankly, with how smart Soon-Shiong is, don't think this poster would understand the intricacies of it anyway : ) although it's clear what he is trying to accomplish if you have read enough about him. Regardless, should be an interesting day tomorrow. Would like to think with these guys involved that it is more than just a momentum play.” Oracleofomaha, July 06, 2011

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64938081

“Soon-shiong isn't involved with raptor for nothing.”, marketraider, July 06, 2011
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64943550

“Fact of the matter is he has money to throw around, but when he's part of that nfp billionaire group, they're not looking to waste funds or look stupid either. JMHO.” Oracleofomaha, July 07, 2011

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64952877

“Lesson learned - there is no such thing as an altruistic billionaire. (Did it take a genius to make that statement? H***, NO!!! - lol) They get there by a lot of brilliance...and a lot of taking advantage of the weak. He got patents likely worth millions (or billions) from a management team that couldn't find their way if it was laid out directly in front of them.” Oracleofomaha, July 11, 2011
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65081062

“IMHO, Soon-Shiong took what he wanted and ran away with it. Contractually, he may have been required to purchase those convertible shares and the notes to effectuate the control necessary to walk off with the patents.” Oracleofomaha, July 13, 2011
August 1, 2011, 8K:
“Completion of Acquisition or Disposition of Assets.

“As previously reported on the Current Report on Form 8-K of Raptor Networks Technology, Inc. (the “Company”) filed with the Securities and Exchange Commission on July 11, 2011 (the “Prior Report”), on July 6, 2011, California Capital Equity, LLC (“CCE”), holder of all of the Company’s senior notes, provided the Company notice of default under the senior notes, declaring all amounts thereunder due and payable in full, and of CCE’s intent to exercise its rights and remedies as a secured lender against the Company’s assets.

On August 1, 2011, CCE, in its capacity as a secured lender, held a public foreclosure sale (the “Public Sale”) of substantially all of the Company’s assets, including, but not limited to, the Company’s inventory, equipment, machinery, intellectual property, accounts receivable and other intangibles (collectively, the “Assets”). CCE was the only bidder at the Public Sale, acquiring all of the Assets for a credit bid in the amount of $100,000. The remaining balance of the senior notes in the amount of approximately $11,300,000 remains as an outstanding obligation of the Company.”

Note: Rapture Networks had 38 patents.

http://www.freepatentsonline.com/result.html?p=1&edit_alert=&srch=xprtsrch&query_txt=an%2FRaptor+Networks&uspat=on&usapp=on&eupat=on&jp=on&pct=on&depat=on&date_range=all&stemming=on&sort=relevance&search=Search

Other links:

http://investorshub.advfn.com/Raptor-Networks-RPTN-3463/

http://sec.gov/cgi-bin/browse-edgar?company=&match=&CIK=RPTN&filenum=&State=&Country=&SIC=&owner=exclude&Find=Find+Companies&action=getcompany

Maybe time to look at The Dose again:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73901527&txt2find=dose

So some folks might be right that Soon-Shiong wants some NeoMedia patents, but this is exactly how such a deal turns out. We need NeoMedia to solve their problems now, not Soon-Shiong.