codes: In the past, NeoMedia has not filed an 8-K for short-term bridge funding.
That does suggest another possibility. This Debenture is a a bridge note, so they would have to bridging to a shorter bridge to maintain their filing guidelines of not filing an 8K on a large transaction. This secondary bridge could give them another 30 days to file an 8-K and this bridge could be nothing more than a new note from YA. This is a likely explanation. However, that still says the Big Transaction did not happen in time to meet the terms of the Debenture.