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“RELEVANCE?”
I think it’s relevant that of the only three companies that Rich Inza has provided IR services for, two were outright penny stock scams.
(Being shut down by the SEC for being a Ponzi scheme is a little different to “not working out”. LOL)
The third is VPLM.
Whatever became of this company, for which VPLM's IR "professional" Rich Inza used to provide Investor Relations, I wonder?
“WHY DID cameron AGREE TO AN OUT OF COURT SETTLEMENT WHICH WAS UNDER A NDA??”
He didn’t.
He withdrew his frivolous and malicious law suit before he got his frivolous and malicious ass sued off:
“The B.C.-based copyright infringement lawsuit against James Cameron and the creators of the 2009 blockbuster movie Avatar was dismissed in Canada's Federal Court Thursday.
In a news release sent Thursday morning, 20th Century Fox Film said that after the first day of hearings, the complainant, Emil Malak, approached Cameron's counsel and said he no longer wanted to pursue his lawsuit.
According to 20th Century Fox, Malak said that after listening to the evidence presented on Wednesday, he became convinced that Avatar was "independently created.
Outside the courtroom in downtown Vancouver, Malak had little to say.
"I have decided to dismiss my action. Please refer to the court documents," he told CBC News. "No further comment, that's it."
Malak, a Vancouver restaurateur, initiated the lawsuit in 2010. He originally filed in B.C. Supreme Court, then dropped the case before filing a similar suit in federal court.”
https://www.cbc.ca/amp/1.2580748
Tricky fellow, Johnny Truth.
“The thing I’ll never forget is when he tried to sue Avatar lol. Saying James Cameron stole his ideas and drawings. He’s trying to sue everyone under the sun.”
That’s a really good point, Ben if Emil Malak’s paid pimps on social media would like to suppress that information.
“To me and many other attorneys, integrity and reputation is everything.”
I’d play the world’s tiniest violin, but it’s already being used to console Emil Malak after his unsuccessful attempt to shake down 20th Century Studios in one of his previous con jobs.
There were lawyers on both sides of that suit too, as there are on every law suit.
Strange how that happens when there’s so much riding on integrity and reputation.
“So has SEC taken any action?”
You will find out the day after. That’s when the stock will be suspended.
Ten days later the stock will reappear in the Grey Markets in the trips.
The SEC’s mill grinds exceedingly slow, but when it grinds, it grinds exceedingly fine.
And there’s nothing like an AI generated exception report to get that mill grinding.
And there’s nothing like a whole bunch of exceedingly delinquent Form 4s to grab an AI program of exception reporting’s attention.
“So are Lewis Hudnell and Bill Parrish in on the scam? Or are they getting scammed too?”
They’re getting paid. Generally that’s all lawyers care about.
“I have asked over and over and over for PROOF of VPLM being a "scam" AND NOTHING!”
Apart from hiring a known penny stock fraudster as its IR man, blatantly ignoring insider selling reporting requirements is as big a Red Flag as you will see.
Ask anyone who follows penny stock fraud.
“Timmy Timely says this is a joke!”
It’s a shame Timmy isn’t aware of how seriously SEC take Securities fraud and how insiders demonstrating complete contempt for their legal obligations can result in serious consequences including suspension of the stock in question, followed by a rounding up of the Usual Suspects.
“I'd put the LATE reporting of her transactions at about the level of my J-walking yesterday, or me rolling 62mph in a 60 zone!”
The SEC, on the other hand takes a dim view of penny stock fraud (and those who knowingly promote such stocks):
“SEC Charges Nearly Three Dozen Insiders for Delinquent Schedule 13D/13G and Form 4 Filings
On September 10, 2014, the Securities and Exchange Commission (“SEC”) announced charges against 28 officers, directors or major shareholders for delinquent Schedule 13D/13G and/or Form 41 filings in violation of federal securities laws requiring them to promptly report information about their holdings and transactions in company stock. The SEC also charged six publicly-traded companies for contributing to filing failures by insiders or failing to subsequently report their insiders’ filing delinquencies.
A total of 33 of the 34 individuals and companies named in the SEC’s orders agreed to settle the charges and pay financial penalties totaling $2.6 million (with individual settlement amounts ranging from $25,000 to $150,000). The filers were identified using quantitative data sources and ranking algorithms designed to identify individuals and companies with especially high rates of filing deficiencies.
According to Andrew J. Ceresney, Director of the SEC’s Division of Enforcement, these charges are intended to send a clear message “about the importance of these filing provisions,” that the SEC will “vigorously police these sorts of violations through streamlined actions” and that “inadvertence is no defense to filing violations.”
Investors and fund managers should remember that, as emphasized by the SEC in its announcement, the requirements under Sections 13(d), 13(g) and 16(a) of the Securities Exchange Act of 1934 to file these beneficial ownership reports apply irrespective of profits or a person’s reasons for acquiring holdings or engaging in transactions. The failure to timely file a required beneficial ownership report, even if inadvertent, constitutes a violation of these requirements. Note that Form 4 filings are generally due within only two business days and that the due dates for Schedule 13D amendments are often uncertain and may be very tight in certain instances, depending upon the circumstances.
In light of these charges and the strong likelihood of subsequent crackdowns on delinquent filers by the SEC, fund managers and other investors are encouraged to review their internal control policies and procedures and to closely monitor issuer developments that may give rise to filing obligations. Fund managers should contact their primary Kleinberg Kaplan attorney with any questions concerning an event or transaction to ensure that their insider transactions are reported to the SEC on a timely basis.”
https://www.kkwc.com/insights/sec-charges-nearly-three-dozen-insiders-for-delinquent-schedule-13d13g-and-form-4-filings/
“the SEC recently charged a Massachusetts-based biotech company and its former CEO with defrauding investors by failing to report the CEO’s sales of company stock.”
https://www.dykema.com/news-insights/file-that-form-4-or-else.html
There’s plenty more where that came from. Ask Rich Inza about it.
Oh, yes there was something illegal about what Babs didn’t do:
https://www.sec.gov/resources-for-investors/fast-answers/answers-form-345
Tricky fellow, Johnny Facts.
Merck’s capsofungin patent expired in 2019 in the US and even earlier in Europe.
If IPIX wanted to develop a combination product with brilacidin they are free to do so and have been for several years.
But Leo Ehrlich would rather give his shareholders’ money to his Israeli BeaMed buddies than actually conduct some real R&D.
I wonder why?
Actually I don’t wonder at all.
And also I know precisely why and how Leo and Redbrick Jane are feathering their nests.
“Thus, not all insider selling is from devious and nefarious motives, as has been insinuated.”
It is when it’s reported not just days, weeks or months but years after SEC regulations require reporting.
What Babs did (or more accurately didn’t do) was against the law, pure and simple.
Given that Emil and Rich are crooks too, this shouldn’t surprise us.
But any defense if such obviously nefarious actions is itself highly suspect.
“would this be good news in your opinion or a mute point?”
“Running girl, would this be good news in your opinion or a mute point?”
It looks like someone is mute whether or not your point is moot.
“Are you implying that VPLM can't succeed b/c of these 2 men?”
No, I’m stating that VPLM shareholders are being conned by Emil and Rich, who both have prior form.
No matter what happens in court you can be sure that the only winners will be the criminals behind this scam.
Clearly Babs is privy to all of Emil’s dirty little VPLM secrets.
No one could possibly believe otherwise knowing the history of the charlatans behind this sorry penny stock scam.
Just look at Rich Inza, for example.
A history of both penny stock fraud and associating with (other) known criminals.
“If IPIX goes belly up the current shareholders still have the investment of BM still available”
‘Fraid not. If IPIX goes belly up shareholders will be the last in line after a long list of preferred creditors.
The BeaMed “investment” will be long gone.
“Seventeen years, I wonder how many lives were ruined during that period of promotion.”
That covers the period when successfully convicted biopharma penny stock criminal Max Arella was also a Director of biopharma penny stock scam PKTX.
That told anyone who knows anything what they needed to know about PKTX.
https://www.courthousenews.com/pump-and-dump-mademillions-sec-claims/
“Then Babs probably bought back in @ z$.0001”
I’m sure Babs’ shares were all free.
When your spouse controls the share printing press, it’s easy to arrange.
“Because it's total BS that there was any "insider selling".”
Is Babs an insider?
Yes.
Did she sell?
Yes, millions and millions of shares. And she didn’t disclose them in a timely fashion as she is required to do by securities law.
So the BS claim is that “it's total BS that there was any "insider selling".”
Doubtful. Leprechauns aren’t real, but penny stock fraud is.
And Rich Inza has prior form in stock fraud.
“Could there be a reason why all the SEC fillings are all showing up right now?”
Yes. It could be they have received a Wells Notice or have been panicked into a belated rather sketchy attempt to comply with securities laws for some other similar reason.
Reminds me of the dog days of LLEG (Laidlaw Energy).
“antiviral, anti fungal, antibacterial.”
Don’t forget anti-human!
Brilacidin does a great job of inducing hypertension and/or peripheral neuropathy in the majority of those unfortunate enough to be exposed to it.
“So it looks like nothing until at least next year.”
Or nothing ever, in the real world.
“At least in Ireland you can get the Big Mac to go and stop in at the local pub for a black and tan.”
Not if you live in rural West Cork you can’t. It’s 70 km to our nearest sign of the Golden Arches or any other fast food restaurant (although there are two Michelin starred restaurants within 15 km).
A Wells Notice would also account for the dramatic reduction in pimp posts by known VPLM touts on social media in the past 24 hours.
I wonder how many years it will be this time around before all the insider dumping is finally reported on Form 4s?
And I wonder what prompted Babs' rather belated updating of her own prolific dumping?
https://www.sec.gov/edgar/search/#/ciks=0001410738&entityName=Voip-pal.com%2520Inc%2520(VPLM)%2520(CIK%25200001410738)
Maybe VPLM got a Wells Notice. That wouldn't be a surprise.
Oh. Why didn’t you say that in the first place?
Ocaliva is the classic example of a drug that was approved on the basis of its effects on (alleged) surrogate endpoints while in reality its primary effect was to exacerbate the symptoms of the underlying disease.
Add that to management that is incompetent at best and dishonest at worst and here we are today.