Re. The Saudi PIF - That’s a simplified explanation, but yes. There are rules which require foreign investors be disclosed, but a loophole to this is if the REG D securities are purchased through LLCs registered in the U.S. There are two foreign LLCs - NEOM Peaceful and NEOM Garden Valley - out of Nebraska, and interestingly, Colorado (same as Neomedia) - these foreign LLCs use the same Registered Agent as “PIF Onshore” (Public Investment Fund?) - you can search the SEC database to find a ton of recent additions from PIF Onshore. What’s more, there is a domestic LLC - NEOM Restructuring Management - and they use the same Registered Agent as YA Global II (Corporation Trust Company) the specific branch of Corporation Trust Company that NEOM Restructuring uses is C T Corporation (a foreign stock company). What’s more, the Managers of NEOM Restructuring were - Khurram Shah - he is Chairman of ICS - a Saudi Tech company. It SEEMS NeoMedia Tech was being Restructured to Saudi. NOW, we only see Gary Silversmith listed as manager - who seems to be an environmental attorney with EPA connections. So it SEEMS, they took care of the Neomedia side of things, restructured to Saudi, and now they are focusing on the environmental side and the hydrogen business. Feel free to out Open Corporates website and confirm the veracity of everything I’ve said.
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