NeoMedia Technologies, Inc (NEOM)

[vero]

Yes RmR, there is a debt (around $35 million) not those "fair value" numbers.

And YA agreed to reduce the debt by 25% in October 2013...not something they would want to do if bankrupcy was their plan.

http://www.sec.gov/Archives/edgar/data/1022701/000114420413055384/v357368_8k.htm

Item 1.01. Entry into a Material Definitive Agreement.



On October 11, 2013, NeoMedia Technologies, Inc., a Delaware corporation (the “Company”), entered into a Debenture Redemption Agreement (the “Agreement”) with YA Global Investments, L.P., a Cayman Islands exempt limited partnership (“YA”). Pursuant to the terms of the Agreement, the Company has the option to redeem outstanding amounts under the six (6) secured convertible debentures issued by the Company currently held by YA at a purchase price equal to seventy-five percent (75%) of the value of the amount being redeemed (a twenty-five percent (25%) reduction in the redemption amount). The Agreement may be terminated by either party upon ninety (90) days’ written notice. The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the Agreement, a copy of which will be filed as an exhibit to the Company’s next Quarterly Report on Form 10-Q.