Benzinga's Microcap Movers for Tuesday August 21, 2012

Below are highlights from Benzinga's daily coverage of small cap and microcap securities making big moves: NeoMedia Shares of NeoMedia (NEOM), the Boulder, CO barcode technology company, rose 140% Tuesday on 26 times average volume. NeoMedia Technologies announced Tuesday that it has granted Microsoft a worldwide, non-exclusive, license to NeoMedia's patent portfolio. NeoMedia's IP portfolio, consisting of over 74 patents awarded and pending worldwide, encompasses many mobile barcode implementations used widely across the industry. “The agreement between NeoMedia and Microsoft underscores the importance of intellectual property to our growing industry,” said Laura Marriott, Chief Executive Officer of NeoMedia. “As mobile barcodes become a key fixture in the mobile marketing mix, it is important for stakeholders across the industry to ensure the solutions they employ leverage the relevant intellectual property in a responsible manner.” “It is a very exciting time for the mobile IP industry as companies develop new technology for the always connected consumer,” said Ragnar Olson, Partner, Global IP Law Group. “We appreciated the opportunity to have worked with NeoMedia to bring about this agreement.” NeoMedia closed at $0.0135 on Tuesday. Life Partners Shares of Life Partners LPHI, the Waco, TX life insurer, rose 32.83% Tuesday on 8.5 times average volume. Life Partners Holdings announced Monday that a Texas district judge on Friday refused to grant state officials the right to block Life Partners' business or appoint a receiver. Judge Orlinda Naranjo's order allows Life Partners to continue conducting its business in the ordinary course pending a temporary injunction hearing. An evidentiary hearing on the state's petition for a temporary injunction is set for August 30, 2012. The Texas Attorney General, acting for the State Securities Board, had filed suit against Life Partners, Life Partners, Inc., its Chairman and President, Brian Pardo, and its General Counsel, Scott Peden. Pardo and Peden are also directors of Life Partners. The suit sought a temporary restraining order preventing Life Partners from doing business and appointment of receiver based generally on allegations that Life Partners' life settlements are securities under Texas law and that Life Partners made various misrepresentations in the sale of the life settlements, including misrepresentations about the life expectancies of the insureds. Life Partners Holdings closed at $1.74 on Tuesday. Hyperdynamics Shares of Hyperdynamics HDY, the Houston, TX independent oil and gas exploration company, rose 15.94% Tuesday on lower than average volume. Hyperdynamics Corporation announced Tuesday that it will host an investor conference call at 11:00 a.m. Eastern Time on Tuesday, September 18, to provide a business update and to discuss the Company's plans. Hyperdynamics closed at $0.80 on Tuesday. The information in this article is taken from public sources, press releases, and websites that cannot always be verified. Please note that investing in microcap stocks is highly speculative. The companies mentioned here are for information purposes only. Benzinga makes no claim as to the suitability of these stocks as an investment. Neither Benzinga nor its staff recommend that you buy, sell, or hold any security. We do not offer investment advice, personalized or otherwise. Benzinga recommends that you conduct your own due diligence and consult a certified financial professional for personalized advice about your financial situation.