Replies to post #201285 on NeoMedia Technologies, Inc (NEOM)

[beacon27]

Great find Fraca....that sounds all too familiar for my liking.
I hope NEOM have been able to position oitself well enough to secure alternate funding sooner rather than later, to avoid the death spiral that greeted poor ole Cobalis Corp.

I would suggest Cobalis + NEOM have very different long term finacial potential, but still scary story to read nevertheless.

[Rotten Johnny]

"NeoMedia's management early on should have sought financing arrangements with another entity or entities or at least challenge the legality of Yorkville Advisor's prohibition against NeoMedia seeking alternative debt financing. NeoMedia's management has said that it was forced to rewrite debentures to lower conversion rates as an inducement to YA's continued financial support. Under what laws (and if they exist they should be challenged) is Yorkville Advisors permitted to treat public companies as indentured servants tying their hands when it comes to obtaining alternate financing?"

The sad fact that NeoMedia management choose not to pursue legal options against YA and instaed went silent on these and other issues is beyond comprehension. Additionally, the fact that NeoMedia employed Kirkpatrick & Lockhart, LLP http://www.klgates.com/professionals/detail.aspx?professional=339 - the same law firm representing CC is highly unethical and borders on gross negligence. Why the former BOD allowed such happenings should be brought to a court of justice for a formal accounting.

[fracatowa]

LET YOUR VOICE BE HEARD CONTACT [e-mail] AND FORWARD THE LINK TO THE COBALIS LAWSUIT.

Other shareholders have stated Yorkville Advisors is known to have held more than 4.99% of NeoMedia's stock. Investigate whether YA has used its position as debt holder to manipulate the stock price; to short the stock and dump shares to guarantee its short pays off.

YA has absolutely no fidicuary duty whatsoever to NeoMedia. In the case of Cobalis, YA had a fiduciary duty. If the allegations of Cobalis against YA prove true, just imagine what flagrant violations have been committed by YA in its relation to NeoMedia where it has no fiduciary obligation.

Forward the Cobalis link to [e-mail] so management see shareholders are concerned about Yorkville Advisors possible illegal activities in relation to NeoMedia stock. Cobalis is undoubtedly not an anomaly but rather the normal course of business for what IMO are laws-rules-and-regulations-violating thugs at Yorkville Advisors.

[neomfriend]

Yorkville Advisors Sued... Is it also a potential for criminal charges to be filed, and possible jail time for YA executives?

This whole episode will hopefully act as a sliver of protection for Neomedia shareholders, as I can't possible imagine the yorkville advisors will try to do ANYTHING inappropriate and against the law from this point.

I would imagine there are MANY EYES watching them now.

Who might be included in the list?

SEC
FBI
DOJ

[jonesieatl]

Your link re: Yorkville ...

(NEOM's financier) went 'incomplete' in your post:

http://law.lexisnexis.com/practiceareas/...

Is NEOM's financier 'in trouble'?

Here is the complete link:

http://law.lexisnexis.com/practiceareas/New-Lawsuit-Filings/LitigationResourceCenter/Cobalis-Corp-Confirms-Filing-Of-5-Count-Lawsuit-Against-Yorkville-AdvisorsYA-Global-Investments

jonesie