NeoMedia Technologies, Inc (NEOM)

[Poptech]

crassus: If they keep investments like NeoMedia, it will make it tough to get new money. They will write this down in 2013 - maybe only parts of it. By August, the maximum value of the debt to YA will be $2.25 million under their valuation policies. I don't see how they can refinance say $30M with a $2.25M valuation.

From the examples in the SEC suit, NeoMedia is both one of the oldest and largest debtors.

The companies mentioned in the suit:

Levitz Furniture was a face value of $22M.
Smartire Systems $17.6M
FutureMedia: $20M
Isonics: $21.4
Wentworth Energy: $12.4M
Falcon Nature Gas: $33M
NewGen Technologies: $7.7M

As a note: YA overvalued these assets by "at least $50 million." So a markdown on $134.1 to $84.1M.