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Exactly why he got sued. I’m guessing the $ 355,000 verdict was nothing more than getting VPLM pay back the original loan amount of $ 360,000, which only makes sense. If VPLM agreed to take loan, they should have to pay back the principal.
Really...now we’re back to the R/S BS?
What??? Sorry, I read that as “Horrible”...probably more on point.
Just a quick recap of the sequence of events leading up to the Kipping/Kwan fraud case. This is a good refresher for many asking about the past...BTW, these are the FACTS of the case.
https://www.courthousenews.com/voip-company-says-former-execs-rolled-it/
AGM? Care to elaborate?
Hmm. Wonder why the stock won’t move. Could it be because there are some “agents” for the big defendants constantly manipulating VPLM trading? Find it interesting that there are always large blocks traded at low numbers to keep it down! The only people who logically need or want this stock to stay down are the potential big losers in the lawsuits. This way, the final buyout settlement might be cheaper before the court orders them to pay huge damages.
If VPLM we’re trying to manipulate their stock price, they would want the share price to be significantly higher than where it’s been trading, no?
What a day...new update published from VPLM, who have been constantly criticized in both camps for NOT putting out any PRs, and now all we hear about is that the release is BS or they didn’t go into enough detail on the Kipping verdict. Unreal.
One thing that doesn’t make sense is why there is so much angst against VPLM among alleged shareholders. I get losing money sucks but a decision to buy or sell is on the shareholders not the company. My bad investment decisions affect me and only me...the “company” or “Emil” didn’t make me do it; my bad due diligence or unrealistic expectations on my investment are the problem. Sometimes the mirror is a bitter pill to swallow!
“Patent Troll” losses are nowhere near the cost of trade secret & patent theft. The quote below is a report published in 2014. The totals have only gone up since then. There’s also a link to a 2017 Government report that supports this claim. Enjoy!
______________________________
“The cost of trade secret theft is still difficult to assess because companies may not even be aware that their IP has been stolen, nor are firms incentivized to report their losses once discovered. As IP theft remains hard for firms to detect, much less obtain legal redress for, their incentives are to rely more on their own efforts to conceal trade secrets and less on patents that entail public disclosure.8 New estimates suggest that trade secret theft is between 1% and 3% of GDP, meaning that the cost to the $18 trillion U.S. economy is between $180 billion and $540 billion.”
_______________________________
http://ipcommission.org/report/IP_Commission_Report_Update_2017.pdf
Next week will indeed be very interesting for VPLM. Depending on how Koh rules, either the tide will turn for the better or the long, drawn out appeals processes will just continue. Regardless, death for VPLM is not eminent next week.
In addition to trying to “sink” VPLM financially, Apple has employed more delay tactics by filing 2 new IPRs against allegedly “worthless” patents. Exactly how “worthless” are the VPLM patents if Apple is spending millions over multiple years to TRY to defeat them. Not to mention, if or when VPLM prevails, Apple has kept the potential “damage meter” running much longer by employing ongoing delay tactics and kept alive the possibly of VPLM collecting 3X in treble damages.
Hmmm...
So now VPLM is being accused of NOT pumping up the share price due to the Kipping win?
Either way, a VPLM win is another notch in their belt nickel.
GLTA
Excellent article and pretty tough to argue with FACT!
Thanks DB.
I also reached out via email to TA. Gemma Ciolo at New Horizons Transfer responded the very next day. I asked about the outstanding shares. She confirmed that the total numbers can be seen on the OTC Markets website (below). So much for all the talk of the TA being gagged!
https://www.otcmarkets.com/stock/VPLM/overview
The numbers are also reported to the SEC on VPLM 10Q.
Well that research didn’t take long...see below. Koh’s decision reversed and the case remanded back to the District Court to better understand the “factual” basis of the claim construction. Hmm...seems like that may have been something Koh failed to do in the VPLM cases as well. Interesting.
For all to read...
https://www.patentdocs.org/2019/08/mymail-ltd-v-oovoo-llc-fed-cir-2019.html
I get it. We never want to violate confidentiality or violate a persons trust. It will be published eventually.
As far as the Koh reversal, I’ll see what I can find on Pacer.
You just “know”? Are you a clairvoyant? C’mon, you’ve got to give me something on how you know. Did you get some insight from someone at the trial?
“You’re killing me smalls...”
DB - How do you know this? Were you in the court room? I’ve been watching the docket and nothing is posted yet?
Please send a link if it’s out there somewhere.
GLTA!
Suggest reading up on the case to see what has transpired to this point. A lot of people who win cases are counter-sued by the defendants!
The docket register is posted again in the NV court system. No final update is listed yet...just a listing of who appeared for the trial.
Clark County, NV civil court
https://www.clarkcountycourts.us/Anonymous/default.aspx
Case: A-15-717491-C
Clark County, NV civil court
URL: https://www.clarkcountycourts.us/Anonymous/default.aspx
Case: A-15-717491-C
It seems pretty easy for many to be after-the-fact TV attorneys however has anyone ever been involved with any part of a Corporate merger or acquisition process?
Every single one that I have been involved with, regardless of size or industry, has this thing called a NON-DISCLOSURE AGREEMENT! While each NDA vary to some degree on the details, the one commonality it putting limits on what CAN be disclosed publicly!
Any chance that Emil or anyone else involved in the “offer” had to sign an NDA? Magic 8-Ball says “Signs point to YES”
Exactly my point to the original poster! WHY would/should Emil have taken a low ball offer? People are upset because he didn’t sell for pennies on the dollar! Ludicrous!
So you’re upset because Emil should have taken the low ball offer before the Alice hearing?
VPLM vs Kipping trial finally starting on 8/12 per court docket!
Yep...500K were mine!
Hey Bird...please don’t let facts get in the way of reality with VPLM. Oh wait, the facts ARE reality!
GLTA!
All of the “facts” here suffer from a strong confirmation bias slanted only towards one persons understanding. Seems like 2 critical pieces of understanding are missing.
1...an understanding of what VoIP is and how it works now & worked circa 2004!
2...exactly what a patent is and provides to the owners!
Ding ding ding....get TB a prize!
This post clearly show some deficiency in understanding how a VoIP system works. The old world electronic “relays” you (and Judge Koh) speak of are overly simplistic. The old relays are binary meaning they’re either on or off. IP call routing is dynamic as is can change based on caller and caller attributes presented.
The “Patent magic” happens when routing calls between a PSTN & VoIP network. Call routing using databases to determine the correct attributes to pass through to gateways and call controllers is not the same as old relay switches.
Exactly TB!
You might want to go back & re-read the IPR documents more closely. In their arguments, VPLM not only provided code but also gave sworn testimony that calls were completed across the trial nodes Canada & other countries.
If building a VoIP phone system that is designed to seamlessly switch calls between a traditional PSTN network & a VoIP network using a plurality of caller & callee attributes and the calls were successfully dialed and routed correctly using that technology, is that not “proof” that the system works as designed?
Disagree. On both points.
As far as understanding the technology, anybody who KNOWS how to read the bubble diagrams outlined in their patents AND understands how VOIP works, will understand HOW the underlying technology functions! Clearly not everyone here is skilled in the art.
I’m not saying that anyone could recreate the software code just by looking at the patent.
The basic argument against your premise that someone would have gobbled them up if the patented technology was “all that” is simply this. The large corporations KNOW & ARE WILLING TO RISK that it is much more PROFITABLE in the short term to steal technology and fight the lawsuits as opposed to spending time & money inventing it themselves! This has been proven over and over and over in the Federal court system. How many larger Corps, who have been found guilty of patent infringement, have had to pay out more in fines & treble damages than they made on using the stolen technology? None that I can recall over the last 5 years.
How long did it take & many times did Edison fail before he had a successful, commercially viable light bulb?
The number of failures does not necessarily prevent or stop someone from being successful over time!
1. Of course you need to defend yourself against an apparent frivolous lawsuit HOWEVER the goal would be to get it over with as fast as possible! Why wouldn’t all of the defendants have gone straight to the federal courts rather than spend all that time & money filing an IPR challenge (and losing)?
There are faster ways to get frivolous cases dismissed...unless of course the plaintiff’s really isn’t frivolous after all. Sure seems like an awful lot of money wasted to defend against a lawsuit from a little local company that poses “no threat” to the giant multinationals!
2. Really? Anyone with a technical understanding of how VOIP technology works can easily read the patents and understand what they mean. Unfortunately this level of understanding isn’t employed by the masses as evidenced by the weak arguments against VPLM patents. Only time will tell how this shakes out.
Agreed DB. After reading both the recent Appeal filing and the Opposition to Dismiss I am more optimistic than ever. If you take the time to read them both in full AND understand the technology behind the patents, it’s encouraging to see how hard the Bigs are fighting. After all, would any logical company spend millions and millions of dollars to defend themselves in court against “worthless” infringement case? If so, their CEO’s should be FIRED for wasting profit foolishly!
No rights? When a patent is granted, the patent is a PROPERTY right! Property rights are some of the strongest rights we have!
The “bigs” lobbied the Obama admin hard to get the AIA law passed to DIMINISH the property rights of patents so they can continue infringe with less risk of accountability.
I’ll take 20 for 1!
DB - Absolutely correct! Same with me. I even ADDED another 500,000 shares to my position earlier this week. If I didn’t believe in what VPLM is doing, I would have liquidated my position entirely!
Again, maybe this stock or investing isn’t for everyone!
Funny! Same could be said about the predictions of trip zeros coming soon! Maybe this stock isn’t for everyone.
Very interesting. Seems like the Federal judges are finally onto the past schemes & corrupt practices of Apple & the previous PTAB. Time will tell how this all affects VPLM!