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May 2017
if VPLM is paying its legal bills and amounts due to Malik and others thru the issuance of stock, why are outstanding shares remaining the same? Am I missing something obvious? This should already be causing dilution on a some scale. Is this why there remains so much stagnation to the share price?
Invergaard,
I cannot find the filing that references Malak's $500,000.
Can you give me the link?
agreed!
I agree. No real surprise here at all.
thank you for alerting us.
Anyone have a status on the Kipping situation?
Last I heard we were looking good to recover these shares. Is this still the case or am I misinformed?
Also, if we need to raise additional funds and these sharer are returned, the dilution effect will be considerable less.
what is causing the floor or ceiling to be $0.05? It seems un-natural that we are glued to $0.05 for all practical purposes with no up or down.
Nicely said! Thank you.
Thanks. Is there any timetable for us to respond, once the defendant files?
when is the earliest that the IPR can be resolved? Anyone have an real idea?
If VPLM is in discussions with possible acquirers, anyone on the BOD or with inside information would be prohibited from buying/selling stock. It is possible that this condition exists and has existed for some time.
Maybe paying in stock is a way around the prohibition.
Not sure.
If I understand things correctly:
1. The ability to fund operations is very limited.
2. Crowd funding was a stupid idea and reflects badly on the Board for allowing it. It merely shows the potential buyers and litigants how desperate the company is.
3. We do not even know why operational costs are over $90,000 per month for a non-operating company.
4. Delaying for 18 months or so to monetize is not possible without additional funding.
5. we need a strategy to get the assets monetized in the next 3 months
6. I hear nothing from the company that even suggests that they have a sense of URGENCY on this issue.
7. Waiting for the IPR and Kipping to be resolved will result in us losing everything. Do they not realize that?
We need action and quickly. Can anyone who has a relationship with the IR guy send a message and at least get him to respond with SOMETHING that is communicative instead of some rubbish in a press release about our support of another company! The listing, BTW, IMHO is good news and should help if we had a long cash flow leash from where we are.
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you are so right.
when will this crowd funding nonsense be stopped?
anyone have any sense of when the crowd funding exercise is going to end?
The only slightly good news is that the dilution created by the crowd funding may be offset by the Kipping shares coming back to treasury. Not much comfort, but a little.
A Fortune 500 would not buy the stock of VPLM but just buy assets.
The issue of reporting is a waste of time unless we need to continue the VPLM shell in a lease arrangement.
It seems to me that one option is starting to emerge.
2
Buy out vplm in stock purchase and use the vplm shell as a public vehicle to establish royalty agreements. This could be done by private equity, one buyer or a group of companies.
Either way current shareholders would be in great shape.
Officers and senior staff will be prohibited form buying or selling through this period largely due to their declared intent to sell. So they have no choice in the matter of trading.
Anyone see the 3 defendants forming a partnership to buy VPLM assets for their subsequent use?
if VPLM is not serving Apple et al because they hope for a deal before the deadline, why would they not serve the ones they are not in active dealings with and thereby add to their case?
any thoughts?
Question for the Message Board!
When VPLM serves and perfects the suits against Apple et al. what will happens to the PPS?
For this exercise, let's assume that service takes place within the allotted time.
I say that PPS will jump to $0.50 and continue an upward movement.
Thanks. I learn every day!
CEO, can you elaborate on the certificate of interested parties? I must have missed something.
The monetization will come from a sale of the patent portfolio as an "asset" sale and not a purchase of VPLM stock. Hence the sale itself is not held up by Kipping, the chill or anything else.
The threat of filing a suit against a possible acquirer may spur the process with that company but actually filing and quoting damages really creates the beginning of value determination of the portfolio to a broader audience.
Given the recent progress by the company, they have to be nearly ready to file suit.
I completely agree with your sentiment.
I bought VPLM wanting a deal to get done to monetize the patents. That is where the optimum return will come when it does not from these small price fluctuations that are for day traders etc not those of us who are long on VPLM.
I was wrong about the timing of the suits that I hoped for just before Xmas but I still believe that suits will be filed against at least 2 companies soon(days/weeks not months) for multiple billions.
Well said!
BTW< I expect that there has been a lot of additional below the radar work done that should start surfacing surface soon. I had hoped sooner than this, as we all did, but it is still coming!
What affect does the issuance of over 30 million shares at $0.08 to $0.05 in 2015 to settle unsecured debts have on the share price?
These data were in the financials. There does not appear to be any substantive payable on the books in 2014 or 2015 and certainly no debt. So they must be funding operations to third parties using stock as payment.
Am I correct in this thinking?
It appears that the number of infringements and the value of the lost revenue caused by the infringements is very high. The realizable value of these lost revenues could be many many billions.
I did not realize how big this number could be.
So my increase is due to 2 things.
First my guess as to the realizable value of the lost revenues and second, my guess as to the going forward value of the patents.
Time will tell!
You are correct and that is why I expect the notifications very soon.
My prediction for us all! Happy holidays!
I believe that several things will happen within the next 2 weeks.
1. The audit completion will be announced.
2. Letters will be sent to companies notifying them of their infringement on VPLM patents.
3. Lawsuits will be filed for big numbers against several very big companies
4. Suitors exist and many are companies infringing. The balance between what could be lost by them in a suit and the price of acquiring the company will yield an offer in excess of $5 per share.
5. Because so many suits could be filed and won, it is possible that a large hedge/PE/investment company could swoop in and make a very high return. This could yield a PPS in excess of $5!
when 1, 2 & 3 are done we will see a steady rise in PPS.
Let's see if I am correct!
It occurs to me that this will be an asset sale and consequently an audit and resolution of the Kipping business is of no concern to the acquirer.
so 2 thoughts/questions:
Why do we still not have any idea as to the status of possible bids? I think that until they have a definitive agreement in place they cannot say anything beyond what they have said.
Why the focus on an audit and Kipping? The resolution of these items affects the residual value to shareholders and so to avoid any misrepresentation or class actions, they need to show the financial condition before and after the sale AND the impact that the proceeds of the sale have on a shareholder. This cannot be done without an audit and resolution of the Kipping affair.
IMO, if I were running VPLM at this point, I would settle with Kipping and stop playing at who has the biggest "EGO" and get something done. I also feel that the longer this drags on the less each shareholder will realize, so resolution time has a cost to it that may be significant.
I agree that the audit should be completed very very soon.
I though the shares issue was resolved? am I wrong?
If it has not been resolved then as it is 10% or so of the SO, then that would hold thinks up IMO.
Still, the ubiquitous nature of wireless does create significant value for that portion of the portfolio.
Let's recap.
1. The largest shareholder is now locked up for at least 12 months
2. All the patents have been re-verified with the USPTO
3. The problem with the Canadian shares has been resolved in VPLM's favor.
4. Those shares should hit treasury at some point
5. An audit is currently being conducted which given the VPLM operational simplicity would be very simple and likely finished any day.
6. Management has publicly stated that they are soliciting bids for the company.
7. However paid, a reputable law firm is involved in VPLM affairs
Regardless of what was said and done before, a lot has been done in the last few months and these items smell of an acquirers' requirements during DD.
Whatever the value, $1, $2, $3 or more, something is happening and it is good.
I do not have anymore info than you but it does seem logical to settle the suit, lock up the largest investor and clarify the status of patents prior to a close. if i were buying I would insist on these at a minimum.
anyone got word on the lawsuit? Did they file a response?
I cannot argue that the revenue potential of their patents could be very high over their effective life, but the cost of its generation and the risk profile are such that I expect valuations to be pragmatically low in terms of immediate cash/stock payments. There may some considerable upside if we also have an earnings stream as part of a deal over the life of the patents though and this may be where we all could to very well.
Again, I hope I am wrong and we sell for $5 to $8!!!!!!!
I sincerely hope you are correct. I have heard rumours of $5 but it seems challenging to me.