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It’s all rainbows and unicorns here, run by experienced and proven-successful management that are always winning.
All proven by the long list of location closures, business failures, and of course the simply amazing stock price.
He directly invested a ton of money and then management bungled everything, as we all know. From what I recall he stopped investing and walked away and is only able to get whatever money back via his convertibles. Which would’ve made bank if management actually knew how to run a company.
All they had to do was complete the audits and franchise and everyone, including and especially Roger and Ben, would have been filthy rich.
“On another note though who really is John Fox (JRF)? Last I remember he was going to open a location in Arizona but why is he getting convertible notes??”
VPLM has been agreeing to dismiss cases and then not communicating this at all. Literally every case has ended with VPLM getting zilch. The default assumption should be the exact same zilch with Amazon. And most likely all the rest, too.
Rocket Docket putting everyone to sleep?
“…I know Albright goes at Albright's pace and that's fine…”
If only the market believed any of that…
Needs more rocket in the docket?
Everyone who was hoping any of the case dismissals were because VPLM finally convinced someone to pay up. Instead of agreeing to dismiss the cases because VPLM knows they cannot win and will owe millions in attourney fees to the defendants.
Except VPLM keeps deleting the destinations (dismissing cases) and driving on by.
Hard to win cases when they keep getting dismissed. I believe some with VPLM approval. What’s the deal with that?
Sounds like VPLM has won zilch. Every other case has amounted to exactly zero. Nada. $0
“SO NOW WE ARE LEFT WITH TWO TELCO PROVIDERS WITH THE MG PATENT AKA (ROAMING CHARGES) IN WACO WITH NO ALICE, NO IPRS AND THE TIME LIMIT TO FILE NEW IPRS HAS PASSED. SAVED US FROM MORE DILUTION WHICH WE KNOW HOW MUCH WE LOVE DILUTION.
To me this sounds like a lean mean fighting machine!!!”
Or simply agree to outright dismiss the cases like the others.
“Hope VPLM doesn’t cave and take any low offers.”
There’s no infringement, VPLM agreed to dismiss, and talked the defendant into agreeing not to force VPLM into paying their Attourney fees which could be in the millions.
At least that’s the most likely scenario.
An 8k about getting no money?
VPLM is agreeing to dismiss cases where there’s infringement? Makes zero sense. The only reasonable conclusion is there is no infringement, otherwise why would they agree to dismiss?
“It’s also true that non-infringement hasn’t been proven yet!”
Infringement has never been proven that we know of. And some cases have literally been dismissed, again without infringement proven. I’m reading this as all signs point to there not being any infringers.
“Why do we keep catering to these IP thieves”
VPLM doesn’t want to have to publicly explain another case has been closed with no financial gain to the company.
But Samsung physically manufactures VoIP hardware and software, and a millions of Android Android phones per year with wifi calling. If they’re not infringing who possibly is?
I believe the Apple suit was dismissed without prejudice. Earned VPLM exactly $0 from what I recall.
Didn’t the Apple case get dismissed jointly? And that wasn’t because of a financial settlement in VPLM’s favor…
Roger could’ve retired a multi-millionaire already if he didn’t blow audits and franchising.
I believe you're confusing my words with the quoted words from the post I replied to.
Audits halted because FUNN couldn't complete them due to horrible bookkeeping and false unaudited reporting. Period. And everyone knows that.
It is FUNN'S single biggest failure to execute as it cost them franchising opportunities which were already bringing in HUNDREDS OF THOUSANDS OF DOLLARS thus more than covering the physical costs of the audits.
FUNN is run by lying morons as the evidence has constantly shown.
After announcing it’s usually STILL not a done deal. Long list of BS they claimed as “done” and never ever happened.
How the hell can they open 4 new cafes? With what money?
Could’ve franchised their way to be millionaires.
Everything to do with management. A multi-year list of fuckups and failures.
As opposed to the laundry list of external boogeymen constantly suggested as the “real” reason this ticker has been in the toilet for 5+ years.
Back then there was hopes and dreams and promises yet to be broken and proven false.
Now there are years of evidence of terrible management, repeated failures, and lack of promised audits and franchising which would’ve turned this into a legitimate company instead of the bumbling disappointment it has been proven to be.
Ben and Roger aren’t smart enough to get out of their own way and let someone with proven experience in this arena turn their millions of shares into millions of dollars. It’d be in their best interest and ours.
Ummm, GRO3 was a grow support product that was touted as a bajilion dollar idea they could apparently never sell any of. Loooong list of pipe dream failures, quality management running this place <sarcasm>.
Could have been if only they knew how to successfully audit financials and franchise.
And why is that, exactly? Apparently not because of a billion dollar settlement as many suggested.
Or the defendants continue to win and have cases dismissed. VPLM has not won even a single court case. Ever. In contrast, they keep agreeing to dismiss them.
John Fox was a big $$$ and they blew it with him. And the whatever the BS was with the US team with big $$$ investors with locations picked out that never produced a single new cafe. And this was before COVID so cannot scapegoat that.
The BS is endless, nobody can believe anything FUNN puts out at this point.
3x the cafes for 40% less revenue. Yes, the company needs a lot of excuses and scapegoats to try to divert the blame.
The filing says “In September of 2020, Snakes & Lattes Guelph inc stopped being operated.”
Less rev than 5-6 years ago when there were only 3 cafes.
They finally mentioned Guelph is out of business. Though they typo’ed the date.
Guelph out of business, Cali location lost. The exact opposite of more locations.
So healthy Guelph went out of business.
Which is why most businesses fail.
Guelph out of business???