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Figured I was off! Thanks.
DB
Is there a meeting today with the parties or do I have it wrong?
DB,
All things being equal, what is your opinion of a licensing agreement versus a cash settlement/acquisition?
Cancelling anti dilution and accrued comp seems to me to be clearing the decks by reducing the cost of a sale or partnership. There really is no other reason to have done this now. JMHO.
The US courts do take their jolly old time!
Anyone heard any news about Europe or India?
There may not be news, but it sure would be nice to hear from the company on a regular basis.
I am long on VPLM.
Tomorrow is the end of the beginning with Twitter.
Pleas tomorrow and hopefully a quick decision.
If you have belief, buy now!
JMHO
P2P,
I am long on VPLM and have not had much to laugh at, but your post was excellent!
At least we have some communication coming from management.
Updates like these are important, even if they are not conclusive.
The Court system moves glacially and we cannot change that even with climate change.
I am long on VPLM and believe in its potential value once the courts finish their inexorable business.
I am disappointed though that the PPS is still so low. I guess it remains a great buying opportunity but I wish the Company would release more information on a regular basis to broaden appeal.
Happy and Safe New Year to everyone and to 2020 being the year for all us longs.
Those of us who believe there is value in VPLM all wanted this to be realized by now. Obviously it has not but to some extent as expected Apple is using every legal maneuver to delay and delay.
Prospects in Canada, Europe and India are emerging and so as DB would say we have to be patient!
Stef,
I believe you are correct.
These shares would be outstanding but restricted and thus we should see a reduction in the OS soon when this is reflected.
I am confused.
Are the 124 million shares included in the 1.9 million outstanding or not?
If so, when will the OS be reduced by 124 million and if not, why not?
This should really be a simple answer.
Inza would know.
Not sure why, but I am feeling news this week!
Strange Release:
It must be me but I think the PR is weird.
Something is happening in my opinion.
100 million shares is a big deal and it is not mentioned other than by referral.
Are their minds on something else right now?
Touché, Bravo, Brava and "jolly well done old chap"! I cannot think of a German one! Getting old!
Value verification.
When someone yells and the other cries and they both have inside knowledge of a company, why would they be so upset?
Because they believe VPLM has value beyond its current market cap.
When law firms take all or part of their fees in stock and they have knowledge of a company, why would they do that?
Because they believe VPLM has value beyond its current market cap.
When an offer is made for a part of the company at a premium to the current market cap by an executive with business knowledge of the company, why would they do that?
Because they believe VPLM has value beyond its current market cap.
As I have been acquiring VPLM stock for some time now, I did my due diligence, weigh the risk reward, evaluated the global market potential, assessed the legal and patent risks, recognized the power of the "big boys" we were going to have to tangle with and I still bought the stock. Why did I do that?
I am still amused.
Your math for the whole month is correct. My post was not clear that I was looking at a daily rate of about 2 million. My mistake for not be clearer.
Today we had under 2 million shares traded and people are going the world is collapsing. Rubbish, it is only $40,000 that is wagging the dog. if 50 million traded I would pay more attention.
I hope this clarifies what I was trying to communicate.
Unlike Victoria, I am amused!
I am long on VPLM and love the fact that I can accumulate some more shares at these low prices.
In July less than 20 million shares changed hands, at an average of $.02 is $40k! All, the tail is wagging the dog! if 50 million shares traded in a day, I would pay attention.
No big holders are selling. The smart ones are waiting for the results of the courts and the development of Europe.
Amused and JMHO
I am glad my question about the restricted stock was answered. As I have said, while I think the performance bonuses were excessive, the management team certainly deserves a bonus of shares defendant on a successful transaction. This is the case for the 100 million or so shares recently issued to them.
I do not know what the restrictions are on the other shares we just saw from the TA, but in my experience they are worthless unless the stock price rises and the restrictions are lifted or a triggering transaction occurs.
Management is not getting rich until a deal is done where all shareholders prosper to the extent they have ownership.
Just MHO
I agree that the stock bonuses issued to management were excessive and I said so some weeks ago.
BUT, all the shares issued to them are not traded, so they have not made any money until the stock price goes up and any restrictions on the shares are lifted or expired.
Malak is in the same boat.
Of the roughly 2 billion shares outstanding, how many of them are restricted?
Does anyone know? I cannot seem to find anything other than the 100 million in performance bonuses.
I think the company needs to issue a release summarizing the status of all the issues currently on the table.
Everyone needs to have a clear understanding of them and the timetables for their resolution one way or another.
DB,
Let me try again.
In the last 6 months stock bonuses of 127,000,000 restricted shares were issued to management. I am assuming that is 3 or 4 people or say 30 million shares each.
Emil got 225,000,000 restricted shares issued for non-dilution.
This latter seems to be a contract so I guess there is nothing that can be done but it seems absurdly high and should have been set with a bar when originally agreed to.
let's say the company sells for $2 billion or $1 per share that would be effective cash bonuses for management of $127,000,000 or 6%. This should only be 2 to 3 % or $60 million tops for a management team in this situation.
That is my logic for saying they are being greedy.
DB,
I am not arguing about the team getting bonuses.
I am arguing that they are way to high by at least 50% imho.
I guess so. I certainly would be happy at $1 or more.
BigRaj,
I agree completely with what you say except the size of the bonuses is way to high in my opinion. Frankly, just greedy.
Frankly, I agree with you. They do deserve something but the amounts they are taking are too large in my opinion.
This is all about the attorneys now not the management anyway.
My take on VPLM finances is this.
They are burning through roughly $200,000 in cash each month.
In the last 6 months they raised close to $500,000 thru warrants and private placement
They have $2.5 million in cash in the bank.
If no new warrants exercise, no new private placement or no new raise, all of which is unlikely, they have until March 2020 before any liquidity crisis.
if they needed cash they could sell 50 million shares(2% dilution and raise another $1,000,000, no problem.
VPLM is safe at the moment in my opinion from a cash perspective.
I do not like the large stock bonuses being issued to a team that has not created any value yet as I have said before but other than dilution it has not used up cash at all to speak of.
yup. So all this back and forth is a waste of ink/time until the appeal is heard.
Alice ruling was going to be appealed whether we won or lost.
IMO, we sit in a better place on appeal than we would have if we had won. I know most will not agree just MHO.
No risk, no reward,
I am long in VPLM and plan to stick it out.
I knew there was a risk in taking on Apple and co and I did not care as the upside seemed to me to be so great as to offset the risk.
I still believe in the patent process and while the Alice ruling is a set-back, PTAB and Europe did not grant these patents based upon a whim or no substance.
Have faith.
I agree with your sentiments.
The shares issued to lawyers and management have no actual value unless a financial transaction occurs. So all this fuss about dilution etc is just silly if you believe in the end value.
If you do not believe then sell your shares and leave.
I do have a problem with excessive compensation though and between these latest issuances and performance bonuses that may accrue, management is being plain greedy. To dilute the shareholders for management compensation to this degree is actually grotesque in its hubris.
The Board should be ashamed of itself for allowing this. JMHO
Forgive my ignorance, but I thought that most of the new stock issuance was going to the attorneys so there was minimum cash required to keep the suits going.
If true, this seems to be a very good statement of the attorney's feelings regarding the success of VPLM's efforts whether against Apple or anyone else.
Am I correct?
Several Questions:
1. KIPPING: It appears that the Kipping affair is the only piece of unfinished business other than the main suits with AAPL etc. VPLM needs to make this go away. Why can we not just create a settlement agreement with her and be done with it?
2. Damages: Why has VPLM not updated the damages against those they have filed suit against? It really seems silly to go to court without that hanging over the defendants heads.
3. Other Suits: Why have we not sent out notices or filed suit against other companies that have used the patents? If done, resend them because we obviously are not receiving any royalties form them. WE have the upper hand and need to be clear of our rights to the Court and the defendants.
4. Europe & India: Now that we have patents in these countries, there should be an assessment available to the shareholders of the potential revenue that will come from royalties or at least a list of those companies that have had royalty agreements set up. Why have we not heard anything about this?
I am a long time owner and believer and yet the only way I see us getting a fair value is really playing hardball. Apple does not play nice, just look at its battle with Qualcomm!
LBIRD, perfectly summarized
is there any limit at all to how long the PTAB can take to resolve things?
WWW, Any idea when the Kipping deal will be settled?
While I personally believe the end game will be an asset sale leaving a VPLM corporate shell for distribution of proceeds, the Kipping business is "hair on any deal".
I never thought I would say this but I think we should try and settle this issue and in so doing clear the debris that we can control.
The PTAB and Apple suit we cannot control but this we could.
IMHO