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Welcome to Tomorrowland with vplms patents ????[
The FOURTH Keystone.
Forbes, for instance, says that once this critical technology is in place, driverless cars will finally be possible...
Goldman Sachs calls it the “unifying fabric” that will bring the Internet of Things into the mainstream...
TechRepublic says it will power innovations in Virtual Reality and Artificial Intelligence.
You see, the fourth “Keystone” will not only make each and every one of these amazing technologies possible, but a very real part of our daily lives...
It’s the ONE technology that’s going to fuel ALL the technologies of the future... and it’s finally here.
And like I’ve been saying, investors who get in on this massive new technology BEFORE it’s rolled out on a mass scale could not only make an absolute fortune... but also build the kind of wealth that lasts for the next 100 years or more.
That’s a bold promise, I know.
Investing always comes with a certain amount of risk, so I never recommend my readers invest more than they could afford to lose.
But I think that once you see what this technology is, you’ll certainly agree.
I’m talking about a breakthrough technology called 5G.
Forbes calls 5G, “The next frontier and it will open up a completely different world”...
And that it will “create an entirely new class of devices and services that will change our lives forever.”
CNBC had this to say about 5G, “The tech economy depends on it, without it the technology revolution stops.”
So, what is 5G exactly?
How does it work?
And why is it so revolutionary?
Let me show you...
The Dawn of a New Age
5G is all about one thing: Sending massive amounts of data across the Internet at incredibly fast speeds...
And while this concept might seem basic, as you’re about to see, there is absolutely nothing basic about 5G technology.
You see, although you may not realize it, we’ve been living in the “Dark Ages” of mobile Internet speed ever since, well... the birth of the Internet.
Have a look, for example, at the first few generations of data speed technologies...
evolution of speed
1G was the first data technology and allowed for basic cell phone voice service... And nothing else.
2G was a shift to digital technology which enabled text messaging.
If we were still using 2G now, it would literally take 180-times as long as it does now to download a photo...
140-times as long to download a song... and over 160-times longer to download an app on your phone!
Then, of course, came 3G and the rise of smart phones. This is where consumers first got a taste of email and web browsing on their phone.
At its peak, 3G was 140 times faster than 2G. Apple and the iPhone owe their rapid growth to the advent of the 3G network.
4G was built primarily for more data as consumers adopted the “anytime, anywhere” mindset for media consumption.
Facebook and Netflix wouldn’t be the behemoths they are today without the advent of 4G, which made social media and streaming movies possible.
But despite the massive growth from 1G to 4G, we’re still using a remarkably PRIMITIVE and SLOW data infrastructure!
For every single device 4G can currently support, 5G can support 1000 times more devices.
That’s why 5G is so critical.
Today, 5G will allow for up to 1000 times more data than 4G.
In other words, for every single device 4G can currently support, 5G can support 1,000 times more devices.
In short, THIS is the technology that we’ve been waiting for... the one at the center of the next generation of mind-blowing advances...
And I’m not the only one saying this...
The Hill calls 5G the “key to unlocking the digital future.”
One industry publication said, “5G is set to take the world by storm.”
And Tech Radar says, “5G will be far more life-changing than you think.”
But most importantly, like every Keystone technology that came before it, 5G will be the rocket fuel that launches us into the future as it unlocks countless new technologies and ushers in the next great industrial revolution.
Take, for instance, the Internet of Things...
FINALLY... the Internet of Things Is Here!
$1.39 Trillion.
That’s the estimated value of the Internet of Things market right now.
This is the breakthrough technology that enables physical devices to “talk” to each other and operate with increased efficiency... making everything from smart cars... to smart appliances... to entire smart cities and grids, possible.
Basically, if it’s electric, the IoT will make it smarter, faster, or more efficient.
Which is why NBC News said, “the Internet of Things will change everything.”
Now, thanks to the advent of 5G technology, companies are going to spend a massive $5 TRILLION on the Internet of Things in the next few years.
In the coming months, the Internet of Things will explode into mass adaptation. Our daily lives will be forever changed...
collapsed bridge
The Internet of Things will be able to monitor the structural health of every building, bridge, water main, and road, preventing major breakdowns in infrastructure like this collapsed bridge in Minneapolis, MN.
Cities will soon monitor the structural health of every building, bridge, water main, and road, preventing major breakdowns in infrastructure...
Knowing in real time how structurally safe an overpass is or catching a leaky gas line before it explodes not only saves a ton of money but lives too.
Power grids will direct electricity only to where it’s needed, allowing for massive savings on the city and consumer level.
San Diego, for example, estimates that it should save the taxpayers $1.9 million a year by simply installing ‘smart’ street lights. And they’re just getting started.
Cities like Barcelona, New York, Miami, Copenhagen and many others are all heavily investing in building the Smart Cities of the future.
But the benefits will also be felt way outside the city limits too.
Farmers will be able to monitor natural conditions like humidity, air temperature and soil quality in real time, allowing for better water usage and pinpointing the best time to harvest crops for the highest yield, leading to less waste and more profit.
It will help prevent the 420,000 people who die every year due to food-born illnesses.
IBM’s Internet of Things platform is allowing for more transparency across the entire supply chain, leading to an unprecedented awareness of food quality and safety.
This Keystone tech partnered with the Internet of Things will make every industry more efficient and stop epidemics in their tracks.
But it doesn’t stop there...
Get Ready for Driverless Cars
As early as a few years ago, the idea of driverless cars seemed like something only possible in a sci-fi flick...
Forbes even ran an article summing up the problem...
“Autonomous Cars Won’t Work — Until We Have 5G”
– Forbes
But now, because of 5G it’s practically here!
Experts are now predicting 10 million self-driving cars will be on the road by 2020.
Driverless car
A Hyundai engineer goes "hands off" in the company’s Ioniq autonomous car in Las Vegas at CES. The market for autonomous cars and driver assisted vehicles will grow from $3 billion in 2015 to $96 billion by 2025.
And the market for autonomous cars and driver assisted vehicles will grow from $3 billion in 2015 to $96 billion by 2025, which is a 3,100% grow rate in just a handful of years.
So, just how crucial is it to have 5G for driverless car technology?
Consider this...
Experts estimate that a driverless car traveling at 60 miles per hour currently takes 4.6 feet to stop once sensing an object. With 5G, it will only take one inch.
That’s HUGE and it means the difference between life and death for millions of pedestrians and commuters.
Especially when you consider 1.3 million people die in road crashes every year.
But increased safety isn’t the only benefit...
The average American worker will reclaim hundreds of hours every year once driverless cars own the road.
San Jose, Ann Arbor, Boston, Pittsburg and Austin — including 19 other US cities — all have pilot programs already in place.
And as of today, there are over 106 major cities across the globe — like Dubai, Singapore, London, Sydney, and Amsterdam to name a few — all preparing for or already allowing driverless cars.
This wouldn’t have been the case even a year ago.
In short, without this 5G technology, driverless cars never stood a chance. Now that future is practically here.
Again, it doesn’t stop there.
Welcome to the Age of Man AND Machine
When you think about Artificial Intelligence and robotics, what comes to mind?
Do you picture a utopian society full of relaxation? Or do you picture something that resembles a scene from Terminator?
Regardless of your opinion, we’re just beginning to understand the impact both Artificial Intelligence and robotics will have on our lives, thanks to this keystone tech.
DaVinci Robot
With 5G, surgeons will be able to operate on patients on the other side of the world using live camera feeds and surgical robots like the remote-controlled Da Vinci robot pictured above.
For example, the world’s best surgeons will be able to operate on patients on the other side of the world using surgical robots and live camera feeds — a feat that simply is not possible without the real time speed that 5G offers.
With 5G speeds these remote surgeries will now become common practice.
Artificial Intelligence using 5G will be able stop deadly diseases from spreading by accurately predicting where an outbreak will occur, giving medical professionals real-time data, including precise locations, to full-on stop an epidemic.
8.8 million people die every year due to cancer, with another 14 million being diagnosed.
But soon, thanks to AI working in tandem with the speeds of 5G, we’ll be able to identify tumors with 96% accuracy, while still in the early stages.
By catching it early rather than late, patients will get a fighting chance instead of a death sentence and it will lead to millions of lives saved in the future.
But it doesn’t stop there.
Augmented and Virtual Reality will
FINALLY gain mass adoption
With 5G, you’ll be able to watch the Super Bowl or your favorite concert from the comfort of your home but feel like you’re totally immersed in the live crowd.
Grandparents will be able to watch their grandchild’s first steps in a way that a television or smartphone could never deliver.
The way our children and grandchildren learn will completely change.
Kids will experience interactive and immersive 3D recreations of famous historical events and battles.
And the nearly $2.5 trillion ecommerce market will get a massive boost as the uncertainty that comes with online shopping becomes a thing of the past.
You’ll be able to quickly scan your body and virtually try on clothes before you buy...
Or you can see how a new sofa will complement your living room in its actual setting before it’s even purchased and delivered.
Virtual Reality
The FLAIM Trainer pictured above — which was showcased in Las Vegas at CES — provides firefighters the ability to train for situations and scenarios that are dangerous and difficult to reproduce.
Construction workers and maintenance crews can inspect piping infrastructure hidden behind walls before a single hole is made.
This will drastically cut down the amount of time and guess work it takes to locate and repair damage.
Firefighters will be able to put out fires while remaining safe back to the fire station.
This is only a small sample of what’s now possible.
Make no mistake, 5G technology is going to unleash a new era of prosperity and trigger a massive wave of innovation.
It’s the KEYSTONE technology that will finally enable the big breakthroughs on the cusp of becoming a reality... the Internet of Things... Artificial Intelligence... driverless cars... virtual and augmented reality realizing their full potential.
Frankly, I haven’t seen anything with this much moneymaking potential in the nearly 20-year history of our firm.
Those who act now, while we’re still in the very early stages, will have the opportunity to create unprecedented wealth.
CNBC labeled 5G “America’s most important project.”
Barron’s said, “5G will usher in a revolution and have a game-changing impact on society.”
But what does all this mean, exactly?
Can 5G really do all of this?
Transform entire cities and countries — and the daily lives of millions of people?
Actually, it already is......
Thanks to one forward-thinking country we now have a glimpse into the future and the true potential of 5G...
Welcome to Tomorrowland
REAL-TIME LEVEL 2 QUOTE VPLM VOIP PAL.com, Inc.
Common Stock
0.0875
-0.0025
-2.78%
0.088 / 0.09 (463000 x 184499)
Real-Time Best Bid & Ask: 12:12pm 09/11/2018
Delayed (15 Min) Trade Data: 12:03pm 09/11/2018
Overview
Quote
Company Profile
Security Details
News
Financials
Disclosure
Research
OPEN
0.08525
DAILY RANGE
0.085 - 0.088
VOLUME
336,188
DIVIDEND
N/A
PREV CLOSE
0.09
52WK RANGE
0.0162 - 0.45
AVERAGE VOL (30D)
534,298
NET DIVIDEND YIELD
N/A
BEST BID
0.088 x 463000
BEST ASK
0.09 x 184499
MARKET CAP
134,371,902
SHARES OUT
1,493,021,135
REAL-TIME LEVEL 2 QUOTE
MPID BID PRICE SIZE TIME
CDEL 0.088 463,000 12:12
CANT 0.0852 10,000 11:05
NITE 0.085 15,327 09:59
ETRF 0.08 41,700 12:00
VFIN 0.071 10,000 09/10
VNDM 0.07 10,000 09/10
CSTI 0.06 10,000 08:30
VERT 0.05 10,000 03/19
MAXM 0.0001 10,000 09/10
MPID ASK PRICE SIZE TIME
VNDM 0.09 184,499 09:30
VFIN 0.094 10,000 11:29
NITE 0.099 40,000 09:30
CSTI 0.099 10,000 08:30
CANT 0.10 51,644 09:30
CDEL 0.10 26,600 12:12
ETRF 0.10 7,263 09:30
VERT 0.20 2,500 04/03
MAXM 8.00 100 09/10
TRADE DATA
DATE TIMESTAMP PRICE VOLUME TICK DIRECTION CHANGE
09/11/2018 12:03:28 0.0875 75,000 0.00
09/11/2018 11:51:47 0.0875 1,900 -0.00
09/11/2018 11:29:30 0.088 44,800 0.00
09/11/2018 11:05:08 0.088 7,499 0.00
09/11/2018 11:04:57 0.0866 2,500 -0.00
09/11/2018 11:04:01 0.088 6,800 0.00
09/11/2018 11:03:53 0.088 25,000 0.00
09/11/2018 11:01:01 0.088 7,499 0.00
09/11/2018 10:59:54 0.0866 2,500 -0.00
09/11/2018 10:55:32 0.088 20,200 0.00
Irregular/odd lot trades, which are not considered for the Open, High, Low or Closing prices, are not shown in trade data table.
SHORT INTEREST
DATE SHORT INTEREST % CHANGE AVG. DAILY SHARE VOL DAYS TO COVER SPLIT NEW ISSUE
07/31/2018 9,892 -14.07 584,772 1 No No
07/13/2018 13,713 -27.86 1,613,366 1 No No
06/29/2018 0 100.00 1,607,686 1 No No
05/31/2018 101,312 -30.44 1,393,924 1 No No
05/15/2018 26,394 283.84 1,037,671 1 No No
04/30/2018 0 100.00 987,478 1 No No
03/15/2018 45,322 -26.08 716,074 1 No No
02/28/2018 36,625 23.75 856,630 1 No No
02/15/2018 31,004 18.13 1,972,960 1 No No
01/31/2018 11,121 178.79 2,620,420 1 No No
REAL-TIME LEVEL 2 QUOTE VPLM VOIP PAL.com, Inc.
VOIP PAL.com, Inc.
Common Stock
0.09
0.005
5.88%
0.088 / 0.09 (85476 x 134499)
Real-Time Best Bid & Ask: 04:05pm 09/10/2018
Delayed (15 Min) Trade Data: 03:53pm 09/10/2018
Overview
Quote
Company Profile
Security Details
News
Financials
Disclosure
Research
OPEN
0.09
DAILY RANGE
0.07 - 0.09
VOLUME
1,043,859
DIVIDEND
N/A
PREV CLOSE
0.085
52WK RANGE
0.0162 - 0.45
AVERAGE VOL (30D)
534,298
NET DIVIDEND YIELD
N/A
BEST BID
0.088 x 85476
BEST ASK
0.09 x 134499
MARKET CAP
126,906,796
SHARES OUT
1,493,021,135
REAL-TIME LEVEL 2 QUOTE
MPID BID PRICE SIZE TIME
CDEL 0.088 85,476 15:47
NITE 0.0825 26,800 12:29
ETRF 0.08 12,400 12:03
VFIN 0.071 10,000 14:28
CANT 0.0702 10,000 13:09
VNDM 0.07 10,000 09:34
CSTI 0.06 24,000 09:35
VERT 0.05 10,000 03/19
MAXM 0.0001 10,000 07:35
OTCX U 0 14:02
MPID ASK PRICE SIZE TIME
VNDM 0.09 134,499 15:53
VFIN 0.093 10,000 14:01
NITE 0.099 40,000 09:30
CSTI 0.099 10,000 08:30
CANT 0.10 51,644 13:54
CDEL 0.10 16,600 15:47
ETRF 0.10 7,263 09:30
VERT 0.20 2,500 04/03
MAXM 8.00 100 07:35
OTCX U 0 09:56
TRADE DATA
DATE TIMESTAMP PRICE VOLUME TICK DIRECTION CHANGE
09/10/2018 15:53:55 0.09 5,500 0.00
09/10/2018 15:47:56 0.088 40,000 0.00
09/10/2018 15:46:25 0.088 18,000 -0.00
09/10/2018 15:46:11 0.089 2,500 0.00
09/10/2018 14:39:28 0.088 3,088 0.00
09/10/2018 14:32:19 0.088 1,039 0.00
09/10/2018 14:27:50 0.088 8,436 0.00
09/10/2018 14:10:27 0.088 1,200 0.00
09/10/2018 14:03:45 0.088 45,000 -0.00
09/10/2018 14:02:18 0.09 10,000 0.00
Irregular/odd lot trades, which are not considered for the Open, High, Low or Closing prices, are not shown in trade data table.
SHORT INTEREST
DATE SHORT INTEREST % CHANGE AVG. DAILY SHARE VOL DAYS TO COVER SPLIT NEW ISSUE
07/31/2018 9,892 -14.07 584,772 1 No No
07/13/2018 13,713 -27.86 1,613,366 1 No No
06/29/2018 0 100.00 1,607,686 1 No No
05/31/2018 101,312 -30.44 1,393,924 1 No No
05/15/2018 26,394 283.84 1,037,671 1 No No
04/30/2018 0 100.00 987,478 1 No No
03/15/2018 45,322 -26.08 716,074 1 No No
02/28/2018 36,625 23.75 856,630 1 No No
02/15/2018 31,004 18.13 1,972,960 1 No No
01/31/2018 11,121 178.79 2,620,420 1 No No
Level 2 Quote Montage: MMID - OTC Link Inside Quote | MMID - OTC Link Quote | cMMID - Closed Quote | U - Unpriced
REAL-TIME LEVEL 2 QUOTE
MPID BID PRICE SIZE TIME
CDEL 0.088 143,476 14:39
NITE 0.0825 26,800 12:29
ETRF 0.08 12,400 12:03
VFIN 0.071 10,000 14:28
CANT 0.0702 10,000 13:09
VNDM 0.07 10,000 09:34
CSTI 0.06 24,000 09:35
VERT 0.05 10,000 03/19
MAXM 0.0001 10,000 07:35
OTCX U 0 14:02
MPID ASK PRICE SIZE TIME
VNDM 0.09 139,999 14:25
VFIN 0.093 10,000 14:01
NITE 0.099 40,000 09:30
CSTI 0.099 10,000 08:30
CANT 0.10 51,644 13:54
CDEL 0.10 16,600 14:39
ETRF 0.10 7,263 09:30
VERT 0.20 2,500 04/03
MAXM 8.00 100 07:35
OTCX U 0 09:56
TRADE DATA
DATE TIMESTAMP PRICE VOLUME TICK DIRECTION CHANGE
09/10/2018 14:32:19 0.088 1,039 0.00
09/10/2018 14:27:50 0.088 8,436 0.00
09/10/2018 14:10:27 0.088 1,200 0.00
09/10/2018 14:03:45 0.088 45,000 -0.00
09/10/2018 14:02:18 0.09 10,000 0.00
09/10/2018 14:01:01 0.09 100 0.00
09/10/2018 14:00:58 0.09 8,436 0.00
09/10/2018 14:00:51 0.09 10,000 0.00
09/10/2018 14:00:31 0.09 32,600 0.00
09/10/2018 13:55:42 0.09 10,000 0.00
Irregular/odd lot trades, which are not considered for the Open, High, Low or Closing prices, are not shown in trade data table.
SHORT INTEREST
DATE SHORT INTEREST % CHANGE AVG. DAILY SHARE VOL DAYS TO COVER SPLIT NEW ISSUE
07/31/2018 9,892 -14.07 584,772 1 No No
07/13/2018 13,713 -27.86 1,613,366 1 No No
06/29/2018 0 100.00 1,607,686 1 No No
05/31/2018 101,312 -30.44 1,393,924 1 No No
05/15/2018 26,394 283.84 1,037,671 1 No No
04/30/2018 0 100.00 987,478 1 No No
03/15/2018 45,322 -26.08 716,074 1 No No
02/28/2018 36,625 23.75 856,630 1 No No
02/15/2018 31,004 18.13 1,972,960 1 No No
01/31/2018 11,121 178.79 2,620,420 1 No No
Level 2 Quote Montage: MMID - OTC Link Inside Quote | MMID - OTC Link Quote | cMMID - Closed Quote | U - Unpriced Quote | MMIDu - Unsolicited Quote. All trade/quote prices in USD.
OTCQB Member Since 07/2016
OTCQB
OTCQB Venture
Verified Profile 04/2018
Transfer Agent Verified
DAILY ADVANCERS
DREM
+ 280.00 %
RETC
+ 142.11 %
ZZLL
REAL-TIME LEVEL 2 QUOTE VPLM VOIP PAL.com, Inc.
Common Stock
0.0825
-0.0025
-2.94%
0.0825 / 0.0889 (26800 x 10000)
Real-Time Best Bid & Ask: 12:29pm 09/10/2018
Delayed (15 Min) Trade Data: 12:29pm 09/10/2018
OPEN
0.09
DAILY RANGE
0.07 - 0.09
VOLUME
596,812
DIVIDEND
N/A
PREV CLOSE
0.085
52WK RANGE
0.0162 - 0.45
AVERAGE VOL (30D)
534,298
NET DIVIDEND YIELD
N/A
BEST BID
0.0825 x 26800
BEST ASK
0.0889 x 10000
MARKET CAP
126,906,796
SHARES OUT
1,493,021,135
REAL-TIME LEVEL 2 QUOTE
MPID BID PRICE SIZE TIME
NITE 0.0825 26,800 12:29
ETRF 0.08 12,400 12:03
CDEL 0.0797 15,600 12:32
OTCX 0.0705 20,000 11:45
CANT 0.0702 10,000 11:30
VNDM 0.07 10,000 09:34
VFIN 0.061 10,000 09:35
CSTI 0.06 24,000 09:35
VERT 0.05 10,000 03/19
MAXM 0.0001 10,000 07:35
MPID ASK PRICE SIZE TIME
CANT 0.0889 10,000 12:29
VFIN 0.089 10,000 10:23
VNDM 0.09 50,323 12:15
NITE 0.099 40,000 09:30
CSTI 0.099 10,000 08:30
CDEL 0.10 16,600 12:32
ETRF 0.10 7,263 09:30
VERT 0.20 2,500 04/03
MAXM 8.00 100 07:35
OTCX U 0 09:56
TRADE DATA
DATE TIMESTAMP PRICE VOLUME TICK DIRECTION CHANGE
09/10/2018 12:29:13 0.0825 5,500 0.00
09/10/2018 12:29:00 0.0825 13,000 0.00
09/10/2018 12:15:19 0.081 12,000 0.00
09/10/2018 12:14:08 0.081 7,500 0.00
09/10/2018 12:13:11 0.0805 2,500 -0.00
09/10/2018 12:12:07 0.081 25,000 -0.00
09/10/2018 11:36:44 0.0825 2,300 0.00
09/10/2018 11:30:29 0.08 10,000 -0.00
09/10/2018 10:52:18 0.0825 12,175 0.00
09/10/2018 10:23:30 0.08 10,000 0.00
Irregular/odd lot trades, which are not considered for the Open, High, Low or Closing prices, are not shown in trade data table.
SHORT INTEREST
DATE SHORT INTEREST % CHANGE AVG. DAILY SHARE VOL DAYS TO COVER SPLIT NEW ISSUE
07/31/2018 9,892 -14.07 584,772 1 No No
07/13/2018 13,713 -27.86 1,613,366 1 No No
06/29/2018 0 100.00 1,607,686 1 No No
05/31/2018 101,312 -30.44 1,393,924 1 No No
05/15/2018 26,394 283.84 1,037,671 1 No No
04/30/2018 0 100.00 987,478 1 No No
03/15/2018 45,322 -26.08 716,074 1 No No
02/28/2018 36,625 23.75 856,630 1 No No
02/15/2018 31,004 18.13 1,972,960 1 No No
01/31/2018 11,121 178.79 2,620,420 1 No No
Level 2 Quote Montage: MMID - OTC Link Inside Quote | MMID - OTC Link Quote | cMMID - Closed Quote | U - Unpriced Quote | MMIDu - Unsolicited Quote. All trade/quote prices in USD.
DISCUSS THIS
There are currently 5 Comments comments. Join the discussion.
Anon September 9, 2018 12:04 pm
It appears that someone has forgotten that it is not just impropriety, but additionally the appearance of impropriety that the “court” is to be on guard for (and address).
Patent Investor September 9, 2018 10:03 pm
Steve,
“Perhaps more intriguing, Tierney sat as an APJ on the IPR filed by Apple against VirnetX where Apple was able to get around the statute of limitations for filing an IPR. Should the PTAB grant Apple’s sanctions motion there will undoubtedly be some who will see this as a second great favor done by Tierney on Apple’s behalf.”
Perhaps even more intriguing still is the presence of Tierney on the RPX IPR of the ‘135 patent where (after having originally denied VirnetX’s request for discovery on the possibility of Apple being an RPI to the case) VirnetX presented a smoking gun forcing discovery and ultimately getting the IPRs dismissed with an undeniable link between Apple and RPX regarding the IPR filings. The record itself and several teleconference transcripts contained lines and lines of attorney argument claiming total innocence on the matter. Why VirnetX never motioned for sanctions against both parties is beyond me. Foolish attorneys who can’t even hide their own underhanded metadata deserve what they get.
THEN flashforward to the Mangrove IPRs, one of which was also against the ‘135, and Tierney is on this panel too. Actually both panels consisted of Tierney, Easthom, and Siu who have taken down their fair share of VirnetX’s patents regardless of prior art. Anyway, this murderer’s row panel that saw the smoking gun evidence of Apple’s involvement with RPX, which totally contradicted a large sum of attorney argument, refused to allow VirnetX any additional discovery into whether Mangrove and RPX were in cahoots concerning the IPRs based on nothing more than (you guessed it) attorney argument.
I thought the old saying was, “fool me once shame on you, fool me twice shame on me”, not “fool me once and I make money, fool me twice and you owe me even more!”????
peter September 10, 2018 1:14 am
Gene should take up this lack of independence issue concerning Tierney directly with Director Iancu and see what the Director has to say.
AAA JJ September 10, 2018 8:55 am
That “career officials” at the PTO don’t believe the law actually applies to them is, unfortunately, not news.
J Wayne Watson September 10, 2018 11:34 am
The PTAB has certainly made my view of “equal justice” a very questionable action in America! Hopefully the Trump Spirit if real truth, transparency and timeliness will prevail here and VOIP-Pal can be vendicated quickly!
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Lead Judge Michael Tierney
Lead Judge Michael Tierney was appointed to the Patent Trial and Appeal Board in July 2000. Lead Judge Tierney helps oversee America Invents Act (AIA) administrative trials including inter partes reviews, post-grant reviews, and covered business method reviews.
For the implementation of the AIA, Lead Judge Tierney led the Board’s comprehensive effort on the trial rulemakings. Judge Tierney worked closely with USPTO executive officials, trial judges, the patent community and other members of the public to develop the trial rules. Judge Tierney has given numerous presentations that educate the patent community on the statutory provisions, proposed rules, and final rules for the AIA administrative trials.
Judge Tierney received both a J.D. and a B.S. in Chemical Engineering from the University of Washington. He is a member of the Washington State and the District of Columbia bars.
Prior to joining the Board, Judge Tierney was a senior patent associate in private practice, and he has also worked as a patent examiner in the chemical arts.
PTAB.Brass.steps.into.IPR.to.decide.Apple.motion.for.sanctions........
By Gene Quinn & Steve Brachmann
September 9, 2018
1 Print Article
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On August 22nd, an order was entered in the inter partes review (IPR) proceedings currently ongoing between between Bellevue, WA-based digital multimedia communications developer VoIP-Pal and Cupertino, CA-based consumer device giant Apple Inc. The order removed the panel of administrative patent judges (APJs) that had been adjudicating the IPR, replacing them with Deputy Chief APJ Scott Boalick and Vice Chief APJs Jacqueline Bonilla and Michael Tierney.
This is the second time the panel of APJs has been completely changed in this particular IPR proceeding. Originally, the panel had consisted of APJs Barbara Benoit, Lynne Pettigrew and Stacy Beth Margolies. Although no explanation was provided (as is typical with the PTAB) the panel was changed a few weeks after we reported that APJ Margolies had previously represented Apple in patent infringement proceedings in U.S. district court.
The second panel of APJs assigned to this case included APJs Josiah Cocks, Jennifer Meyer Chagnon and John Hudalla. This panel, which was assigned to the casein June 2017, was the panel that issued the final written decision entered last November, find that the petitioner Apple had not proven the challenged patent claims were invalid. This was the same panel sitting on the case through January 19th of this year, when the PTAB entered an order regarding VoIP-Pal’s discharge of its prior counsel in the case.
Interestingly, although the order notes that all three APJs on the second panel were involved in the call regarding the change of counsel, the order itself only lists APJs Cocks and Hudalla as presiding over the case. That discrepancy is not explained in the Order, and is sadly typical of the lack of transparency seen in PTAB decisions and Orders. In an Article III Court it is customary, if not absolutely expected, that when any procedural irregularities occur they are explained with at least a footnote. Notions of substantial fair play and justice require at least that modicum of an appearance of propriety.
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At some point between January and August of this year, the PTAB made the decision to replace the second panel with a high ranking panel of APJs, which occurred shortly after an announcement that former PTAB Chief Judge David Ruschke would be stepping down from his position to assume new responsibilities at the USPTO. Whether the two are somehow connected is impossible to say given the shroud of secrecy that surrounds everything at the PTAB, including Orders and Decisions.
The only matter at issue in the IPR, which is now currently before APJs Boalick, Bonilla and Tierney, is a motion for sanctions which was filed by Apple based on allegations that former VoIP-Pal CEO Thomas Sawyer engaged in improper ex parte communications by sending a series of letters to Ruschke and other Executive Branch officials.
It seems extraordinarily unusual for a tribunal — any tribunal — to change change judges for purpose of ruling on a sanctions motion. If the letters from VoIP-Pal’s CEO did actually constitute improper behavior, the best people to decide that issue would be the panel of APJs who were assigned to the case at the time the behavior took place. Unquestionably, the APJs that were presiding over the case are in the best position to determine whether sanctions are appropriate. Most of the challenged behavior occurred during the timeframe that APJs Cocks, Chagnon and Hudalla constituted the presiding panel. Only one of Sawyer’s letters was sent prior to the first panel change, and if that panel was in fact changed because APJ Margolies had a conflict of interest it would be inappropriate for that panel to consider the sanctions motion.
While highly unusual for the PTAB to switch judges in midstream without any explanation, this kind of action does happen. It is also why observers so confidently claim the procedures of the PTAB are arbitrary and capricious.
The USPTO has engaged in the stacking of APJ panels in order to achieve policy outcomes, APJ Margolies is not the only APJ to have sat on a case where there was a blatant conflict of interest, in fact APJ Matt Clement has decided several dozen cases involving Apple, who he formerly represented. The PTAB also rather effectively squashes dissenting opinions by requiring permission to dissent and recently after an APJ did dissent in favor of a patent owner he was mysteriously and without explanation removed from the panel. We also know that subordinate APJs assigned to cases engage in extra-judicial, deliberative conversations with superiors relating to cases and issues, a clear and flagrant violation of the Administrative Procedure Act (APA), which requires decisional independence.
Minus any explanation as to why the panel was recently changed in the VoIP-Pal/Apple IPR, this situation is yet another example of the lack of transparency issuing from the PTAB and will undoubtedly have the effect of making it look as though the PTAB’s decision in this case was preordained, no matter which side prevails in the motion for sanctions.
One may be tempted to argue that changing the panel to constitute such a high-ranking panel will ensure consideration by PTAB leadership who aren’t under any influence, but if the PTAB does not similarly treat future sanctions motions legitimate questions will be asked about why Apple received special treatment. Furthermore, the optics of using a panel including APJ Tierney in a case involving Apple will no doubt raise some eyebrows given that once a challenge has been instituted Tierney has overwhelmingly sided with Apple. Indeed, according to data collected by Lex Machina, never once has a final decision involving both Apple and APJ Tierney ever led to a finding that all claims remained valid, and only once has Tierney sat on a panel where at least one claim remained valid.
Perhaps more intriguing, Tierney sat as an APJ on the IPR filed by Apple against VirnetX where Apple was able to get around the statute of limitations for filing an IPR. Should the PTAB grant Apple’s sanctions motion there will undoubtedly be some who will see this as a second great favor done by Tierney on Apple’s behalf.
VPLM.LAWFUL.INTERCEPT???Apple.plans.to.make.it.easier.for.police to request and access its users’ data, and will put together a team to help law enforcement know what data they can and cannot request.
Last year, Apple received and responded to 14,000 requests from US law enforcement agencies, including 231 that were classified as “domestic emergency requests.” The company divulged this information to Senator Sheldon Whitehouse (D-Rhode Island), in a letter seen by Reuters.
Apple currently handles these requests via email. However, such was the volume of requests that the iPhone manufacturer decided to develop an online tool to streamline the process for law enforcement agencies. The tool will allow these agencies to make and track requests directly.
Read more
A screenshot from WhatsApp, an app that encrypts its users' messages © Phil Noble‘Five Eyes’ govt spy ring seeks laws to make big tech companies share encrypted messages
In addition, Apple said it has trained nearly 1,000 law enforcement officers on how to go about making requests at its headquarters in California. With demand increasing, the company said it will develop an online training course for agencies and departments nationwide.
While Apple does provide some of its user data on request, and will continue to do so through the new tool, the company is highly reticent to break its encryption for law enforcement. Apple says it cannot access encrypted data on its own devices, and refuses to install so-called ‘backdoors’ to allow this encryption to be bypassed.
The FBI threatened to take Apple to court in 2016 to force the company to unlock an iPhone belonging to one of the shooters responsible for a massacre in San Bernardino, California. One day before the court hearing was scheduled, the FBI backed off, as it had found an Israeli firm able and willing to crack the smartphone.
Apple fought the FBI tooth and nail, saying that America’s founding fathers “would be appalled” by the FBI’s invasion of privacy. However, Apple and other tech giants might soon be forced to change their tune.
After a recent meeting on Australia’s Gold Coast, ministers for the intelligence agencies of the US, UK, Canada, Australia, and New Zealand – known as the ‘Five Eyes’ – released a joint statement calling on tech companies to make it easier for “law enforcement to gain targeted access to data.”
READ MORE: Big Brother is keeping 'Five Eyes' on you
The agency heads called on companies to turn over their encryption keys voluntarily when requested, and threatened them with “technological, enforcement, legislative, or other measures,” if they refuse. The spy chiefs did not say what these “measures” might be. It is not yet known whether Apple intends to comply with the Five Eyes’ request.
REAL-TIME LEVEL 2 QUOTE VPLM VOIP PAL.com, Inc.
Common Stock
0.085
-0.0069
-7.51%
0.087 / 0.09 (13436 x 50502)
Real-Time Best Bid & Ask: 04:08pm 09/07/2018
Delayed (15 Min) Trade Data: 03:16pm 09/07/2018
OPEN
0.088
DAILY RANGE
0.085 - 0.0925
VOLUME
256,751
DIVIDEND
N/A
PREV CLOSE
0.0919
52WK RANGE
0.0162 - 0.45
AVERAGE VOL (30D)
544,492
NET DIVIDEND YIELD
N/A
BEST BID
0.087 x 13436
BEST ASK
0.09 x 50502
MARKET CAP
137,208,642
SHARES OUT
1,493,021,135
REAL-TIME LEVEL 2 QUOTE
MPID BID PRICE SIZE TIME
CANT 0.087 13,436 15:56
OTCX 0.086 15,000 15:32
ETRF 0.085 14,800 13:31
CDEL 0.085 11,200 15:58
VNDM 0.081 10,000 09/06
CSTI 0.081 10,000 14:43
VFIN 0.071 10,000 09/04
NITE 0.07 1,000,000 13:31
VERT 0.05 10,000 03/19
MAXM 0.0001 10,000 07:35
MPID ASK PRICE SIZE TIME
VNDM 0.09 50,502 14:43
CDEL 0.0915 100,000 15:58
VFIN 0.096 20,000 08/31
NITE 0.099 40,000 09:30
CSTI 0.099 10,000 08:30
CANT 0.10 51,644 12:16
ETRF 0.10 17,263 15:58
VERT 0.20 2,500 04/03
MAXM 8.00 100 07:35
OTCX U 0 10:55
TRADE DATA
DATE TIMESTAMP PRICE VOLUME TICK DIRECTION CHANGE
09/07/2018 15:16:41 0.085 5,000 -0.01
09/07/2018 14:43:16 0.09 7,830 -0.00
09/07/2018 14:43:14 0.0914 9,500 0.00
09/07/2018 14:43:14 0.09 9,500 0.00
09/07/2018 14:43:12 0.09 10,000 0.00
09/07/2018 14:42:57 0.09 16,667 -0.00
09/07/2018 14:42:47 0.0901 15,000 -0.00
09/07/2018 13:31:56 0.0915 15,060 0.00
09/07/2018 13:31:11 0.0914 15,000 0.00
09/07/2018 13:13:23 0.0901 10,000 0.00
Irregular/odd lot trades, which are not considered for the Open, High, Low or Closing prices, are not shown in trade data table.
SHORT INTEREST
DATE SHORT INTEREST % CHANGE AVG. DAILY SHARE VOL DAYS TO COVER SPLIT NEW ISSUE
07/31/2018 9,892 -14.07 584,772 1 No No
07/13/2018 13,713 -27.86 1,613,366 1 No No
06/29/2018 0 100.00 1,607,686 1 No No
05/31/2018 101,312 -30.44 1,393,924 1 No No
05/15/2018 26,394 283.84 1,037,671 1 No No
04/30/2018 0 100.00 987,478 1 No No
03/15/2018 45,322 -26.08 716,074 1 No No
02/28/2018 36,625 23.75 856,630 1 No No
02/15/2018 31,004 18.13 1,972,960 1 No No
01/31/2018 11,121 178.79 2,620,420 1 No No
Level 2 Quote Montage: MMID - OTC Link Inside Quote | MMID - OTC Link Quote | cMMID - Closed Quote | U - Unpriced Quote | MMIDu - Unsolicited Quote. All trade/quote prices in USD.
14:43:14 INTERESTING TRADES 9500 SHARES HMMMMM
TRADE DATA
DATE TIMESTAMP PRICE VOLUME TICK DIRECTION CHANGE
09/07/2018 14:43:16 0.09 7,830 -0.00
09/07/2018 14:43:14 0.0914 9,500 0.00
09/07/2018 14:43:14 0.09 9,500 0.00
09/07/2018 14:43:12 0.09 10,000 0.00
09/07/2018 14:42:57 0.09 16,667 -0.00
09/07/2018 14:42:47 0.0901 15,000 -0.00
09/07/2018 13:31:56 0.0915 15,060 0.00
09/07/2018 13:31:11 0.0914 15,000 0.00
09/07/2018 13:13:23 0.0901 10,000 0.00
09/07/2018 13:13:23 0.0901 10,000 -0.00
REAL-TIME LEVEL 2 QUOTE VPLM VOIP PAL.com, Inc.
Common Stock
0.09
-0.0019
-2.07%
0.0901 / 0.0925 (30060 x 99999)
Real-Time Best Bid & Ask: 12:47pm 09/07/2018
Delayed (15 Min) Trade Data: 12:26pm 09/07/2018
Research
OPEN
0.088
DAILY RANGE
0.088 - 0.092
VOLUME
127,639
DIVIDEND
N/A
PREV CLOSE
0.0919
52WK RANGE
0.0162 - 0.45
AVERAGE VOL (30D)
544,492
NET DIVIDEND YIELD
N/A
BEST BID
0.0901 x 30060
BEST ASK
0.0925 x 99999
MARKET CAP
137,208,642
SHARES OUT
1,493,021,135
REAL-TIME LEVEL 2 QUOTE
MPID BID PRICE SIZE TIME
ETRF 0.0901 30,060 12:47
CSTI 0.09 16,667 12:18
OTCX 0.085 25,000 10:55
CANT 0.0825 10,000 08:30
VNDM 0.081 10,000 09/06
VFIN 0.071 10,000 09/04
CDEL 0.0705 102,200 12:12
NITE 0.0705 10,000 09/06
VERT 0.05 10,000 03/19
MAXM 0.0001 10,000 07:35
MPID ASK PRICE SIZE TIME
VNDM 0.0925 99,999 10:47
VFIN 0.096 20,000 08/31
NITE 0.099 40,000 09:30
CSTI 0.099 10,000 08:30
CANT 0.10 51,644 12:16
ETRF 0.10 17,263 10:52
CDEL 0.10 6,700 12:12
VERT 0.20 2,500 04/03
MAXM 8.00 100 07:35
OTCX U 0 10:55
TRADE DATA
DATE TIMESTAMP PRICE VOLUME TICK DIRECTION CHANGE
09/07/2018 12:26:41 0.0905 500 0.00
09/07/2018 12:26:41 0.09 500 0.00
09/07/2018 12:17:12 0.09 7,500 0.00
09/07/2018 12:17:00 0.09 600 -0.00
09/07/2018 12:17:00 0.091 2,500 0.00
09/07/2018 12:12:59 0.09 1,000 -0.00
09/07/2018 10:52:01 0.092 10,000 0.00
09/07/2018 10:46:59 0.09 90,000 0.00
09/07/2018 10:37:19 0.09 2,499 0.00
09/07/2018 10:36:45 0.089 2,500 0.00
Irregular/odd lot trades, which are not considered for the Open, High, Low or Closing prices, are not shown in trade data table.
SHORT INTEREST
DATE SHORT INTEREST % CHANGE AVG. DAILY SHARE VOL DAYS TO COVER SPLIT NEW ISSUE
07/31/2018 9,892 -14.07 584,772 1 No No
07/13/2018 13,713 -27.86 1,613,366 1 No No
06/29/2018 0 100.00 1,607,686 1 No No
05/31/2018 101,312 -30.44 1,393,924 1 No No
05/15/2018 26,394 283.84 1,037,671 1 No No
04/30/2018 0 100.00 987,478 1 No No
03/15/2018 45,322 -26.08 716,074 1 No No
02/28/2018 36,625 23.75 856,630 1 No No
02/15/2018 31,004 18.13 1,972,960 1 No No
01/31/2018 11,121 178.79 2,620,420 1 No No
REAL-TIME LEVEL 2 QUOTE VPLM VOIP PAL.com, Inc.
Common Stock
0.0919
0.0044
5.03%
0.088 / 0.0925 (42000 x 99999)
Real-Time Best Bid & Ask: 05:00pm 09/06/2018
Delayed (15 Min) Trade Data: 03:53pm 09/06/2018
OPEN
0.08705
DAILY RANGE
0.085 - 0.0919
VOLUME
137,108
DIVIDEND
N/A
PREV CLOSE
0.0875
52WK RANGE
0.0162 - 0.45
AVERAGE VOL (30D)
542,344
NET DIVIDEND YIELD
N/A
BEST BID
0.088 x 42000
BEST ASK
0.0925 x 99999
MARKET CAP
130,639,349
SHARES OUT
1,493,021,135
REAL-TIME LEVEL 2 QUOTE
MPID BID PRICE SIZE TIME
CSTI 0.088 32,000 14:52
CDEL 0.088 10,000 15:53
CANT 0.0825 10,000 08:30
VNDM 0.081 10,000 09/05
VFIN 0.071 10,000 09/04
NITE 0.0705 100,000 14:52
ETRF 0.07 100,000 13:03
VERT 0.05 10,000 03/19
MAXM 0.0001 10,000 07:35
OTCX U 0 14:52
MPID ASK PRICE SIZE TIME
VNDM 0.0925 99,999 13:56
VFIN 0.096 20,000 08/31
NITE 0.099 40,000 15:53
CSTI 0.099 10,000 08:30
CANT 0.10 51,644 09:30
ETRF 0.10 7,263 13:56
CDEL 0.10 6,600 15:53
VERT 0.20 2,500 04/03
MAXM 8.00 100 07:35
OTCX U 0 14:52
TRADE DATA
DATE TIMESTAMP PRICE VOLUME TICK DIRECTION CHANGE
09/06/2018 15:53:18 0.0919 300 0.00
09/06/2018 15:53:18 0.0919 300 0.00
09/06/2018 15:11:25 0.09151 3,808 -0.00
09/06/2018 14:26:48 0.0919 1,800 0.00
09/06/2018 13:56:13 0.09 36,000 0.00
09/06/2018 13:56:12 0.09 50,000 0.00
09/06/2018 13:29:04 0.0875 10,000 0.00
09/06/2018 13:21:09 0.0875 1,500 -0.00
09/06/2018 13:20:52 0.08875 2,500 0.00
09/06/2018 12:06:14 0.085 9,200 0.00
Irregular/odd lot trades, which are not considered for the Open, High, Low or Closing prices, are not shown in trade data table.
SHORT INTEREST
DATE SHORT INTEREST % CHANGE AVG. DAILY SHARE VOL DAYS TO COVER SPLIT NEW ISSUE
07/31/2018 9,892 -14.07 584,772 1 No No
07/13/2018 13,713 -27.86 1,613,366 1 No No
06/29/2018 0 100.00 1,607,686 1 No No
05/31/2018 101,312 -30.44 1,393,924 1 No No
05/15/2018 26,394 283.84 1,037,671 1 No No
04/30/2018 0 100.00 987,478 1 No No
03/15/2018 45,322 -26.08 716,074 1 No No
02/28/2018 36,625 23.75 856,630 1 No No
02/15/2018 31,004 18.13 1,972,960 1 No No
01/31/2018 11,121 178.79 2,620,420 1 No No
Level 2 Quote Montage: MMID - OTC Link Inside Quote | MMID - OTC Link Quote | cMMID - Closed Quote | U - Unpriced Quote | MMIDu - Unsolicited Quote. All trade/quote prices in USD.
REAL-TIME LEVEL 2 QUOTE VPLM VOIP PAL.com, Inc.
Common Stock
0.0875
-0.0025
-2.78%
0.0841 / 0.09 (10000 x 10000)
Real-Time Best Bid & Ask: 08:07am 09/06/2018
Delayed (15 Min) Trade Data: 12:00am 09/05/2018
OPEN
0.00
DAILY RANGE
N/A
VOLUME
0
DIVIDEND
N/A
PREV CLOSE
0.09
52WK RANGE
0.0162 - 0.45
AVERAGE VOL (30D)
542,344
NET DIVIDEND YIELD
N/A
BEST BID
0.0841 x 10000
BEST ASK
0.09 x 10000
MARKET CAP
130,639,349
SHARES OUT
1,493,021,135
REAL-TIME LEVEL 2 QUOTE
MPID BID PRICE SIZE TIME
NITE 0.0841 10,000 09/05
CANT 0.0825 10,000 08:30
VNDM 0.081 10,000 09/05
CSTI 0.081 10,000 08:30
VFIN 0.071 10,000 09/04
VERT 0.05 10,000 03/19
MAXM 0.0001 10,000 07:35
CDEL U 0 06:46
ETRF U 0 08:35
MPID ASK PRICE SIZE TIME
VNDM 0.09 10,000 09/05
NITE 0.0919 10,000 09/05
VFIN 0.096 20,000 08/31
CSTI 0.099 10,000 08:30
CANT 0.10 5,000 08:30
VERT 0.20 2,500 04/03
MAXM 8.00 100 07:35
CDEL U 0 06:46
ETRF U 0 08:35
TRADE DATA
DATE TIMESTAMP PRICE VOLUME TICK DIRECTION CHANGE
09/05/2018 13:59:53 0.0875 1,030 0.00
09/05/2018 13:57:46 0.0875 350 0.00
09/05/2018 12:59:21 0.085 1,900 -0.00
09/05/2018 12:52:31 0.0875 1,111 -0.00
09/05/2018 12:29:38 0.09 22,000 0.00
09/05/2018 12:29:35 0.09 40,000 -0.00
09/05/2018 12:29:18 0.0919 5,000 0.00
09/05/2018 12:29:18 0.09 6,511 0.01
09/05/2018 12:21:43 0.085 4,500 -0.00
09/05/2018 12:21:29 0.088 2,500 -0.00
Irregular/odd lot trades, which are not considered for the Open, High, Low or Closing prices, are not shown in trade data table.
SHORT INTEREST
DATE SHORT INTEREST % CHANGE AVG. DAILY SHARE VOL DAYS TO COVER SPLIT NEW ISSUE
07/31/2018 9,892 -14.07 584,772 1 No No
07/13/2018 13,713 -27.86 1,613,366 1 No No
06/29/2018 0 100.00 1,607,686 1 No No
05/31/2018 101,312 -30.44 1,393,924 1 No No
05/15/2018 26,394 283.84 1,037,671 1 No No
04/30/2018 0 100.00 987,478 1 No No
03/15/2018 45,322 -26.08 716,074 1 No No
02/28/2018 36,625 23.75 856,630 1 No No
02/15/2018 31,004 18.13 1,972,960 1 No No
01/31/2018 11,121 178.79 2,620,420 1 No No
Level 2 Quote Montage: MMID - OTC Link Inside Quote | MMID - OTC Link Quote | cMMID - Closed Quote | U - Unpriced Quote | MMIDu - Unsolicited Quote. All trade/quote prices in USD.
REAL-TIME LEVEL 2 QUOTE VPLM VOIP PAL.com, Inc.
0.085 / 0.09 (25000 x 37000)
Real-Time Best Bid & Ask: 12:29pm 09/05/2018
Delayed (15 Min) Trade Data: 12:29pm 09/05/2018
DAILY RANGE
0.085 - 0.0919
VOLUME
200,705
DIVIDEND
N/A
PREV CLOSE
0.09
52WK RANGE
0.0162 - 0.45
AVERAGE VOL (30D)
527,256
NET DIVIDEND YIELD
N/A
BEST BID
0.085 x 25000
BEST ASK
0.09 x 37000
MARKET CAP
134,371,902
SHARES OUT
1,493,021,135
REAL-TIME LEVEL 2 QUOTE
MPID BID PRICE SIZE TIME
ETRF 0.085 25,000 11:52
NITE 0.0841 10,000 11:18
CDEL 0.083 47,222 12:29
CANT 0.0825 10,000 08:30
VNDM 0.081 10,000 09/04
CSTI 0.081 10,000 08:30
VFIN 0.071 10,000 09/04
VERT 0.05 10,000 03/19
MAXM 0.0001 10,000 07:35
MCAP U 0 08:21
MPID ASK PRICE SIZE TIME
CDEL 0.09 37,000 12:29
NITE 0.0919 10,000 11:18
VNDM 0.0925 99,999 09:30
VFIN 0.096 20,000 08/31
CSTI 0.099 10,000 08:30
CANT 0.10 51,644 09:30
ETRF 0.10 7,263 12:29
VERT 0.20 2,500 04/03
MAXM 8.00 100 07:35
MCAP U 0 08:21
TRADE DATA
DATE TIMESTAMP PRICE VOLUME TICK DIRECTION CHANGE
09/05/2018 12:29:38 0.09 22,000 0.00
09/05/2018 12:29:35 0.09 40,000 0.00
09/05/2018 12:29:18 0.09 6,511 -0.00
09/05/2018 12:29:18 0.0919 5,000 0.01
09/05/2018 12:21:43 0.085 4,500 -0.00
09/05/2018 12:21:29 0.088 2,500 -0.00
09/05/2018 12:21:29 0.08845 2,500 -0.00
09/05/2018 11:18:20 0.09 10,000 0.00
09/05/2018 10:52:24 0.09 37,000 0.00
09/05/2018 10:33:44 0.09 15,000 0.00
Irregular/odd lot trades, which are not considered for the Open, High, Low or Closing prices, are not shown in trade data table.
SHORT INTEREST
DATE SHORT INTEREST % CHANGE AVG. DAILY SHARE VOL DAYS TO COVER SPLIT NEW ISSUE
07/31/2018 9,892 -14.07 584,772 1 No No
07/13/2018 13,713 -27.86 1,613,366 1 No No
06/29/2018 0 100.00 1,607,686 1 No No
05/31/2018 101,312 -30.44 1,393,924 1 No No
05/15/2018 26,394 283.84 1,037,671 1 No No
04/30/2018 0 100.00 987,478 1 No No
03/15/2018 45,322 -26.08 716,074 1 No No
02/28/2018 36,625 23.75 856,630 1 No No
02/15/2018 31,004 18.13 1,972,960 1 No No
01/31/2018 11,121 178.79 2,620,420 1 No No
REAL-TIME LEVEL 2 QUOTE
MPID BID PRICE SIZE TIME
ETRF 0.09 108,511 09:30
NITE 0.09 10,000 09/04
CANT 0.0825 10,000 08:30
VNDM 0.081 10,000 09/04
CSTI 0.081 10,000 08:30
CDEL 0.0759 50,000 09:30
VFIN 0.071 10,000 09/04
VERT 0.05 10,000 03/19
MAXM 0.0001 10,000 07:35
MCAP U 0 08:21
MPID ASK PRICE SIZE TIME
VNDM 0.0925 99,999 09:30
NITE 0.095 10,000 09/04
VFIN 0.096 20,000 08/31
CSTI 0.099 10,000 08:30
CANT 0.10 51,644 09:30
ETRF 0.10 7,263 09:30
CDEL 0.10 6,600 09:30
VERT 0.20 2,500 04/03
MAXM 8.00 100 07:35
MCAP U 0 08:21
TRADE DATA
DATE TIMESTAMP PRICE VOLUME TICK DIRECTION CHANGE
09/04/2018 16:00:02 0.09 10,000 -0.00
09/04/2018 15:30:08 0.0905 19,025 0.00
09/04/2018 15:13:33 0.09 90,000 0.00
09/04/2018 13:40:59 0.09 80,000 0.00
09/04/2018 12:42:14 0.09 2,000 0.00
09/04/2018 12:42:08 0.09 20,658 0.00
09/04/2018 12:42:03 0.09 28,167 0.00
09/04/2018 12:18:04 0.09 75,000 0.00
09/04/2018 12:06:50 0.09 9,500 0.00
09/04/2018 12:06:43 0.086 2,500 0.00
Irregular/odd lot trades, which are not considered for the Open, High, Low or Closing prices, are not shown in trade data table.
SHORT INTEREST
DATE SHORT INTEREST % CHANGE AVG. DAILY SHARE VOL DAYS TO COVER SPLIT NEW ISSUE
07/31/2018 9,892 -14.07 584,772 1 No No
07/13/2018 13,713 -27.86 1,613,366 1 No No
06/29/2018 0 100.00 1,607,686 1 No No
05/31/2018 101,312 -30.44 1,393,924 1 No No
05/15/2018 26,394 283.84 1,037,671 1 No No
04/30/2018 0 100.00 987,478 1 No No
03/15/2018 45,322 -26.08 716,074 1 No No
02/28/2018 36,625 23.75 856,630 1 No No
02/15/2018 31,004 18.13 1,972,960 1 No No
01/31/2018 11,121 178.79 2,620,420 1 No No
REAL-TIME LEVEL 2 QUOTE
MPID BID PRICE SIZE TIME
NITE 0.09 114,175 15:13
CDEL 0.09 10,000 15:01
CANT 0.0825 10,000 12:06
VNDM 0.081 10,000 10:19
CSTI 0.081 10,000 10:59
ETRF 0.0802 10,000 12:42
VFIN 0.071 10,000 09:30
VERT 0.05 10,000 03/19
MAXM 0.0001 10,000 07:35
MCAP U 0 07:24
INTERESTING... All bids are at 10,000 shares each from all the houses
MPID ASK PRICE SIZE TIME
VNDM 0.0925 99,999 15:16
NITE 0.095 59,000 13:16
VFIN 0.096 20,000 08/31
CSTI 0.099 10,000 10:59
CANT 0.10 51,644 12:42
CDEL 0.10 16,600 15:01
ETRF 0.10 7,263 12:42
VERT 0.20 2,500 04/03
MAXM 8.00 100 07:35
MCAP U 0 07:24
TRADE DATA
DATE TIMESTAMP PRICE VOLUME TICK DIRECTION CHANGE
09/04/2018 15:30:08 0.0905 19,025 0.00
09/04/2018 15:13:33 0.09 90,000 0.00
09/04/2018 13:40:59 0.09 80,000 0.00
09/04/2018 12:42:14 0.09 2,000 0.00
09/04/2018 12:42:08 0.09 20,658 0.00
09/04/2018 12:42:03 0.09 28,167 0.00
09/04/2018 12:18:04 0.09 75,000 0.00
09/04/2018 12:06:50 0.09 9,500 0.00
09/04/2018 12:06:43 0.086 2,500 0.00
09/04/2018 12:06:04 0.086 1,250 0.00
Irregular/odd lot trades, which are not considered for the Open, High, Low or Closing prices, are not shown in trade data table.
SHORT INTEREST
DATE SHORT INTEREST % CHANGE AVG. DAILY SHARE VOL DAYS TO COVER SPLIT NEW ISSUE
07/31/2018 9,892 -14.07 584,772 1 No No
07/13/2018 13,713 -27.86 1,613,366 1 No No
06/29/2018 0 100.00 1,607,686 1 No No
05/31/2018 101,312 -30.44 1,393,924 1 No No
05/15/2018 26,394 283.84 1,037,671 1 No No
04/30/2018 0 100.00 987,478 1 No No
03/15/2018 45,322 -26.08 716,074 1 No No
02/28/2018 36,625 23.75 856,630 1 No No
02/15/2018 31,004 18.13 1,972,960 1 No No
01/31/2018 11,121 178.79 2,620,420 1 No No
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REAL-TIME LEVEL 2 QUOTE
MPID BID PRICE SIZE TIME
NITE 0.09 284,175 12:42
CANT 0.0825 10,000 12:06
VNDM 0.081 10,000 10:19
CSTI 0.081 10,000 10:59
ETRF 0.0802 10,000 12:42
CDEL 0.0759 51,133 11:04
VFIN 0.071 10,000 09:30
VERT 0.05 10,000 03/19
MAXM 0.0001 10,000 07:35
MCAP U 0 07:24
MPID ASK PRICE SIZE TIME
VFIN 0.096 20,000 08/31
NITE 0.099 40,000 10:54
CSTI 0.099 10,000 10:59
CANT 0.10 51,644 12:42
CDEL 0.10 16,600 11:04
ETRF 0.10 7,263 12:42
VNDM 0.18 5,000 08/31
VERT 0.20 2,500 04/03
MAXM 8.00 100 07:35
MCAP U 0 07:24
hmmmmmmmm
that was/ is the news release issued by voip pal in dec 2012 after the meeting at smart and biggar to get the patents moved forward at the patent office.. my cheque paying the lawyers retainer fee was cashed at the same time.
Voip-Pal.Com Inc. Completes Share Purchase Agreement for the Acquisition of Digifonica (International) Limited
NEWS PROVIDED BY
Voip-Pal.Com Inc.
Dec 28, 2012, 08:30 EST
SHARE THIS ARTICLE
BELLEVUE, Wash., Dec. 28, 2012 /PRNewswire/ -- Voip-Pal.Com Inc. ("Voip-Pal") (OTCPink Sheets : VPLM ) is pleased to announce the completion of the Share Purchase Agreement to acquire Digifonica (International) Limited ("Digifonica, Gibraltar"), a private company registered in Gibraltar. The date of completion of the Share Purchase Agreement was December 27, 2012. As a result of the acquisition, all Digifonica, Gibraltar shares are being converted into VPLM stock.
Included in the assets owned by "Digifonica, Gibraltar", are Patent Pending Applications listed as RBR (Routing, Billing and Rating), Lawful Intercept, Mobile Gateway, Short Code/Emergency Dialing and Advanced Interoperability Solutions.
About the Patent Pending Applications
1. Routing, Billing and Rating engine (RBR): ("Producing routing messages for VoIP communications") US Patent Publication No. 20100150328 (Link to RBR USPTO filing): RBR allows new Licensees to perform subscriber management from their own existing subscriber management and billing platforms. This series of patented technologies allow Licensees to setup and deploy Digital Voice solutions virtually anywhere in the world in a matter of days, without fear of infringing on mainstream VoIP patents. (see Verizon/Vonage litigation[1])
2. Lawful Intercept ("Intercepting VoIP communications and other data communications") US Patent Publication No. 20100150138, (Link to Digifonica Lawful Intercept USPTO filing): Lawful Intercept is a revolutionary technology that addresses the national and international demands by governments to enable law agencies the ability to perform scheduled and live intercepts on Digital Voice telephone conversations. Network Service providers such as Skype may soon want to be in compliance with government regulations regarding Lawful Intercept.
3. Mobile Gateway, US Patent Publication No. 20110122827, (Link to Digifonica Mobile Gateway USPTO filing): This patent is designed to allow a single subscriber device to connect automatically to WiFi/WiMax and other wireless data connections.
4. Enhanced 911 ("Emergency Assistance calling for VoIP communications") International Application No. PCT/CA2008/000545: This is a patented technology which allows for Short Code/Emergency Dialing; in other words, the ability to enable true Emergency Calling solutions to Digital Voice subscribers.
5. Advanced Interoperability Solutions ("Uninterrupted Transmission of Internet Protocol Transmissions during Endpoint Changes") International Application No. PCT/CA2009/001317: This patent allows the transfer of in-session digital voice calls between disparate wireless technologies, enabling subscribers to roam seamlessly between different WiFi, WiMAX, 3G and 4G antenna technologies without losing a call.
About Voip-Pal.Com Inc.
Voip-Pal.Com Inc. is a broadband VoIP telecom company offering local and long distance VoIP services to residential and business customers. The company also provides VoIP communication and reseller solutions for its partners. Voip-Pal.Com Inc. is the enabler of international calls using VoIP technology on the internet, smartphones and PC Tablets. Voip-Pal's goal is to provide a quality, high-speed and cost-effective telephone solution for the casual and business international traveler who must rely on their smartphones, laptops or tablets in order to communicate. Voip-Pal.Com, through its wholly owned subsidiary "Digifonica (International) Limited Gibraltar", is a technical leader in the VoIP services market which had revenues of $58 Billion in 2011 and is experiencing double digit year-over-year growth[2]. The addition of Digifonica Gibraltar's patent portfolio greatly enhances shareholder value and will contribute to significant revenue growth for Voip-Pal.Com.
Retail Website: www.platinumphone.com.
Corporate Website: www.voip-pal.com
Company Contact: info@voip-pal.com and chanelle@voip-pal.com
IR inquiries: IR@voip-pal.com
US Telephone IR Contact: (954) 495-4600
Stock Quote: www.otcmarkets.com/stock/VPLM/quote
All statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
[1] http://news.cnet.com/2100-1036_3-6165747.html
[2]http://www.infonetics.com/pr/2012/VoIP-UC-Services-Market-Forecast-and-SIP-Trunking-Survey-Highlights.asp
SOURCE Voip-Pal.Com Inc.
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Voip-Pal.Com Inc. Completes Share Purchase Agreement for the Acquisition of Digifonica (International) Limited
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Dec 28, 2012, 08:30 EST
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Voip-Pal.Com Inc.Completes.Share.Purchase.Agreement.for.the. Acquisition.of.Digifonica.(International).Limited
NEWS PROVIDED BY
Voip-Pal.Com Inc.
Dec 28, 2012, 08:30 EST
SHARE THIS ARTICLE
BELLEVUE, Wash., Dec. 28, 2012 /PRNewswire/ -- Voip-Pal.Com Inc. ("Voip-Pal") (OTCPink Sheets : VPLM ) is pleased to announce the completion of the Share Purchase Agreement to acquire Digifonica (International) Limited ("Digifonica, Gibraltar"), a private company registered in Gibraltar. The date of completion of the Share Purchase Agreement was December 27, 2012. As a result of the acquisition, all Digifonica, Gibraltar shares are being converted into VPLM stock.
Included in the assets owned by "Digifonica, Gibraltar", are Patent Pending Applications listed as RBR (Routing, Billing and Rating), Lawful Intercept, Mobile Gateway, Short Code/Emergency Dialing and Advanced Interoperability Solutions.
About the Patent Pending Applications
1. Routing, Billing and Rating engine (RBR): ("Producing routing messages for VoIP communications") US Patent Publication No. 20100150328 (Link to RBR USPTO filing): RBR allows new Licensees to perform subscriber management from their own existing subscriber management and billing platforms. This series of patented technologies allow Licensees to setup and deploy Digital Voice solutions virtually anywhere in the world in a matter of days, without fear of infringing on mainstream VoIP patents. (see Verizon/Vonage litigation[1])
2. Lawful Intercept ("Intercepting VoIP communications and other data communications") US Patent Publication No. 20100150138, (Link to Digifonica Lawful Intercept USPTO filing): Lawful Intercept is a revolutionary technology that addresses the national and international demands by governments to enable law agencies the ability to perform scheduled and live intercepts on Digital Voice telephone conversations. Network Service providers such as Skype may soon want to be in compliance with government regulations regarding Lawful Intercept.
3. Mobile Gateway, US Patent Publication No. 20110122827, (Link to Digifonica Mobile Gateway USPTO filing): This patent is designed to allow a single subscriber device to connect automatically to WiFi/WiMax and other wireless data connections.
4. Enhanced 911 ("Emergency Assistance calling for VoIP communications") International Application No. PCT/CA2008/000545: This is a patented technology which allows for Short Code/Emergency Dialing; in other words, the ability to enable true Emergency Calling solutions to Digital Voice subscribers.
5. Advanced Interoperability Solutions ("Uninterrupted Transmission of Internet Protocol Transmissions during Endpoint Changes") International Application No. PCT/CA2009/001317: This patent allows the transfer of in-session digital voice calls between disparate wireless technologies, enabling subscribers to roam seamlessly between different WiFi, WiMAX, 3G and 4G antenna technologies without losing a call.
About Voip-Pal.Com Inc.
Voip-Pal.Com Inc. is a broadband VoIP telecom company offering local and long distance VoIP services to residential and business customers. The company also provides VoIP communication and reseller solutions for its partners. Voip-Pal.Com Inc. is the enabler of international calls using VoIP technology on the internet, smartphones and PC Tablets. Voip-Pal's goal is to provide a quality, high-speed and cost-effective telephone solution for the casual and business international traveler who must rely on their smartphones, laptops or tablets in order to communicate. Voip-Pal.Com, through its wholly owned subsidiary "Digifonica (International) Limited Gibraltar", is a technical leader in the VoIP services market which had revenues of $58 Billion in 2011 and is experiencing double digit year-over-year growth[2]. The addition of Digifonica Gibraltar's patent portfolio greatly enhances shareholder value and will contribute to significant revenue growth for Voip-Pal.Com.
Retail Website: www.platinumphone.com.
Corporate Website: www.voip-pal.com
Company Contact: info@voip-pal.com and chanelle@voip-pal.com
IR inquiries: IR@voip-pal.com
US Telephone IR Contact: (954) 495-4600
Stock Quote: www.otcmarkets.com/stock/VPLM/quote
All statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
[1] http://news.cnet.com/2100-1036_3-6165747.html
[2]http://www.infonetics.com/pr/2012/VoIP-UC-Services-Market-Forecast-and-SIP-Trunking-Survey-Highlights.asp
SOURCE Voip-Pal.Com Inc.
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You just read:
Voip-Pal.Com Inc. Completes Share Purchase Agreement for the Acquisition of Digifonica (International) Limited
NEWS PROVIDED BY
Voip-Pal.Com Inc.
Dec 28, 2012, 08:30 EST
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More news releases in similar topics
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You just read:
Voip-Pal.Com Inc. Completes Share Purchase Agreement for the Acquisition of Digifonica (International) Limited
NEWS PROVIDED BY
Voip-Pal.Com Inc.
Dec 28, 2012, 08:30 EST
SHARE THIS ARTICLE
NOPE,IT.JUST.MEANS.THAT.WE.ARE.IN.THE.LAST.FEW.DAYS.BEFORE.A DEAL.IS.FINISHED
ITS NOW TIME TO SEE THE RESULTS AND THE END OF A VERY LONG HAUL!
COULD,PERHAPS AMAZON BE CUTTING A DEAL?
REAL-TIME LEVEL 2 QUOTE
MPID BID PRICE SIZE TIME
CDEL 0.088 203,333 15:28
VFIN 0.086 10,000 10:06
VNDM 0.085 10,000 08/30
CANT 0.085 15,000 15:17
CSTI 0.085 10,000 15:17
ETRF 0.0802 10,000 15:19
NITE 0.06 50,000 13:13
VERT 0.05 10,000 03/19
MAXM 0.0001 10,000 08/29
MCAP U 0 07:52
OTCX U 0 13:43
MPID ASK PRICE SIZE TIME
CANT 0.09 40,215 15:53
VFIN 0.096 20,000 09:30
NITE 0.099 40,000 09:30
CSTI 0.099 10,000 13:31
ETRF 0.10 17,263 09:30
CDEL 0.10 6,600 15:28
VNDM 0.18 5,000 15:46
VERT 0.20 2,500 04/03
OTCX 0.30 50,000 13:43
MAXM 8.00 100 08/29
MCAP U 0 07:52
TRADE DATA
DATE TIMESTAMP PRICE VOLUME TICK DIRECTION CHANGE
08/31/2018 15:53:42 0.09 200 0.00
08/31/2018 15:46:42 0.088 100,000 -0.00
08/31/2018 15:41:41 0.09 40,000 0.00
08/31/2018 15:41:33 0.09 10,000 0.00
08/31/2018 15:40:35 0.09 52,950 0.00
08/31/2018 15:26:22 0.09 60,000 0.00
08/31/2018 15:17:38 0.09 12,485 0.00
08/31/2018 15:17:32 0.09 5,000 0.00
08/31/2018 15:17:18 0.09 100 0.00
08/31/2018 15:17:16 0.09 10,000 -0.00
Irregular/odd lot trades, which are not considered for the Open, High, Low or Closing prices, are not shown in trade data table.
SHORT INTEREST
DATE SHORT INTEREST % CHANGE AVG. DAILY SHARE VOL DAYS TO COVER SPLIT NEW ISSUE
07/31/2018 9,892 -14.07 584,772 1 No No
07/13/2018 13,713 -27.86 1,613,366 1 No No
06/29/2018 0 100.00 1,607,686 1 No No
05/31/2018 101,312 -30.44 1,393,924 1 No No
05/15/2018 26,394 283.84 1,037,671 1 No No
04/30/2018 0 100.00 987,478 1 No No
03/15/2018 45,322 -26.08 716,074 1 No No
02/28/2018 36,625 23.75 856,630 1 No No
02/15/2018 31,004 18.13 1,972,960 1 No No
01/31/2018 11,121 178.79 2,620,420 1 No No
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I ALSO WATCHED VPLM TRY OUT THEIR.3%.ENRICHMENT.SCHEME.FOR.SIZE AND WHEN HARDLY ANYONE RAISED COMPLAINTS. THEY RAISED IT TO 5% ENRICHMENT AND THEN THE MOST RECENT AND NOW CURRENT 10% ENRICHMENT...
VPLM NEEDS TO GO BACK TO ZERO OR NOT MORE THAN THE 3% "ENRICHMENT "
10% OF 2 BILLION SHARES IS 200,000,000 SHARES...
WILL 20% BE THE NEXT ITEM TRIED ON THE AGENDA AND 400,000,000 FREEBIE SHARES DISTRIBUTED, WHICH IS A LOT OF MONEY, IF SOLD AT SAY HIS REPUTED 2 BUCKS A SHARE ??
WILL ADDITIONAL SHARES TO BRING HIM BACK UP TO SIZE WITH HIS 40% ANTIDILUTION CLAUSE THAT ALSO FOUND ITS MYSTERIOUS WAY INTO HIS "VPLM Agreement" THEN BE ADDED??..
WHAT WILL VPLM OR A JUDGE SAY IF THIS COMES UP AT THE KIPPINGS TRIAL OR A SECURITIES LOOKOVER?
APPLE INC., Petitioner, v. VOIP-PAL.COM INC., Patent Owner. ____________ Cases IPR2016-01198 and IPR2016-01201 Patents 9,179,005 B2 and 8,542,815 B21 ____________ Before SCOTT R. BOALICK, Deputy Chief Administrative Patent Judge, and JACQUELINE WRIGHT BONILLA and MICHAEL P. TIERNEY, Vice Chief Administrative Patent Judges
This Order pertains to both noted proceedings. The Board exercises its discretion to issue a single Order for entry in each proceeding. The parties are not authorized to use this style heading for any subsequent papers.
Deputy Chief Administrative Patent Judge Scott R. Boalick, Vice Chief Administrative Judge Jacqueline Wright Bonilla, and Vice Chief Administrative Patent Judge Michael P. Tierney have been designated as panel members in these proceedings, and now constitute the panel for consideration of all matters. See PTAB Standard Operating Procedure 1,As announced Aug 15,
"PTAB veterans Scott Boalick and Jacqueline Wright Bonilla will serve as acting chief judge and acting deputy chief, respectively."
and of course Vice Chief Administrative Patent Judge Michael P. Tierney,
Can anyone find in the history of the PTAB such a high ranking panel of judges all around being brought together for one appeal?
This is going to become interesting very fast one would think!
I wonder why such high profile judges have been assigned to oversee this appeal? Seems like overkill for something that should be elementary.
I think another fair question would be: how many ex parte communication request for sanctions after a final written decision have ever been granted?
EXCELLENT ADVICE FOR PENNY TRADING HOPEFULS....
this was not brought up in December 2012 when I paid the retainer to smart and biggar, our patent lawyers, or afterward when I advanced more monies for vplm funding needs through KS
i also knew of no 40% antidilution agreement. these shares need to be returned to the treasury
MANIPULATIVE GAMES OF GIFTS BY CORPORATEEXECUTIVES+
S. Burcu Avci,* Cindy A. Schipani** & H. Nejat Seyhun***
Executives appear to use a variety of manipulative games to maximize the value of their tax deductions for gifts of stock of their firms. These games may include backdating the gifts, spring-loading or bullet-dodging release of information, and use of insider information. We find a number of legal loopholes providing opportunities for executives to play these games. We also find that stock prices rise abnormally about 6% during the one-year period before the gift date and fall abnormally by about 5% during the one year after the gift date, supporting the likelihood these games are in play. In addition, this pattern is stronger for gifts for which there is a reporting lag, also consistent with illicit behaviors. We therefore suggest policy recommendations that should improve the compliance of gifts with the requirements of anti-fraud provisions of federal securities laws.
https://www.streetinsider.com/dr/news.php?id=14412614+
Form 4 Voip-pal.com Inc For: Feb 02 Filed by: MALAK MAGDI EMIL
July 18, 2018 7:59 PM
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: December 31, 2014
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person *
MALAK MAGDI EMIL
(Last) (First) (Middle)
773 HORNBY STREET
(Street)
VANCOUVER A1 V6Z1S4
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Voip-pal.com Inc [ VPLM ] 5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
CEO
3. Date of Earliest Transaction (Month/Day/Year)
02/02/2018
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
COMMON 02/02/2018 G 3,205,000 D $ 0.001 351,158,561 I DIGIFONICA INTELLECTUAL PROPERTIES (DIP) LIMITED
COOMON 02/05/2018 G 200,000 D $ 0.001 350,958,561 I DIGIFONICA INTELLECTUAL PROPERTIES (DIP) LIMITED
COMMON 02/15/2018 G 430,000 D $ 0.001 350,528,561 I DIGIFONICA INTELLECTUAL PROPERTIES (DIP) LIMITED
COMMON 02/22/2018 J 9,412,500 (1) A $ 0.0327 359,941,061 I DIGIFONICA INTELLECTUAL PROPERTIES (DIP) LIMITED
COMMON 02/22/2018 J 2,000,000 (2) A $ 0.05 361,941,061 I DIGIFONICA INTELLECTUAL PROPERTIES (DIP) LIMITED
COMMON 02/22/2018 J 118,121,352 (3) A $ 0.02 480,062,413 I DIGIFONICA INTELLECTUAL PROPERTIES (DIP) LIMITED
COMMON 02/22/2018 J 5,000,000 (4) A $ 0.05 485,062,413 I DIGIFONICA INTELLECTUAL PROPERTIES (DIP) LIMITED
COMMON 06/22/2018 G 6,000,000 D $ 0.001 479,062,413 I DIGIFONICA INTELLECTUAL PROPERTIES (DIP) LIMITED
COMMON 07/12/2018 G 3,412,500 D $ 0.001 475,649,913 I DIGIFONICA INTELLECTUAL PROPERTIES (DIP) LIMITED
COMMON 07/18/2018 G 5,000,000 D $ 0.001 470,649,913 I DIGIFONICA INTELLECTUAL PROPERTIES (DIP) LIMITED
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. MANAGEMENT COMPENSATION @0.0327
2. MANAGEMENT COMPENSATION @0.05
3. ANTI-DILUTION PROVISION TRANSACTION @ 0.02
4. DIRECTOR COMPENSATION @0.05
EMIL MALAK 07/18/2018
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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SEC Filings
ITS CALLED A ROLLBACK NOT A REVERSE SPLIT!!!
DEPRESSING....WOULD WE THEN ADD ANOTHER 3 MONTHS.MAY ?
LAWSUITS LIKE THIS APPEAR TO TAKE TIME. INFRINGEMENT DISCOVERY ON SOME OF THE OTHER COMPANIES OTHER THAN APPLE SHOULD PROBABLY FINISH IN ABOUT A MONTHS TOTAL TIME FOR EACH. OCTOBER? SETTLEMENTS FOR FOUND INFRINGEMENT SHOULD THEN START IN THE FALL TO HALT TRIPLE DAMAGES.NOVEMBER?FINALIZED DECEMBER?
VPLM INSIDERS HAVE SET UP OR APPEAR TO BE SETTING THEMSELVES UP FOR THEIR ENRICHMENT FOR EITHER A SALE OR LICENSING. PERHAPS THEY COULD GET VPLM LISTED NOW ON A CANADIAN EXCHANGE SO THAT CANADIAN INVESTORS COULD AT LEAST SHELTER THEIR HOLDINGS IN TAX-FREE ACCOUNTS IN JANUARY
I DONT SEE ANYTHING BEING FINALIZED IF EVERYTHING GOES WELL UNTIL AFTER THE NEW TAX YEAR IN JANUARY. FEBRUARY IS A GOOD MONTH MARKET AND TIME WISE
OR WILL THIS NEVER END
HMMMMM Brother-in-law? Insider enrichment scheme grows...
Statement of Changes in Beneficial Ownership (4)
Print
Alert
FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
1. Name and Address of Reporting Person *
CHANG DENNIS 2. Issuer Name and Ticker or Trading Symbol
Voip-pal.com Inc [ VPLM ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director _____ 10% Owner
__ X __ Officer (give title below) _____ Other (specify below)
PRESIDENT
(Last) (First) (Middle)
10900 NE 4TH STREET, SUITE 2300 3. Date of Earliest Transaction (MM/DD/YYYY)
2/22/2018
(Street)
BELLEVUE, WA 98004
(City) (State) (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
COMMON 2/22/2018 J 5075000 (1) A $0.029 21075000 D
COMMON 2/22/2018 J 2000000 (2) A $0.05 23075000 D
Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 8. Price of Derivative Security
(Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
(1) MANAGMENT COMPENSATION @ 0.029
(2) MANAGMENT COMPENSATION @ 0.05
Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
CHANG DENNIS
10900 NE 4TH STREET
SUITE 2300
BELLEVUE, WA 98004
PRESIDENT
Signatures
DENNIS CHANG 8/15/2018
** Signature of Reporting Person Date
Off Balance Sheet Arrangements.Performance Bonus Payable
2 BILLION SHARES TIMES 10% EQUALS HOW MANY FREE SHARES?
2 BILLION SHARES TIMES 3% EQUALS HOW MANY FREE SHARES?
WHY IS A Performance Bonus Payable APPLICABLE?
WAS THIS NOT THE SOLE PURPOSE OF THE BOARDS MANDATE
In 2016, the Board of Directors authorized the Company to provide a performance bonus of up to 3% of the capital stock of the Company by way of the issuance of Rule 144 restricted common shares from its treasury to an as yet undetermined group of related and non-related parties upon the successful completion of a sale of the Company or a major licensing transaction, defined as a bonusable event. In order to provide maximum flexibility to the Company with respect to determining what constitutes such a bonusable event, the level of Performance Bonus payable, and who may qualify to receive a pro-rata share of such a Performance Bonus, the Company authorized full discretion to the Board in making such determinations. Since the Performance Bonus is only available upon the sale of the Company or a major licensing event, this potential transaction would not have a material impact on the Company’s financial position, revenues or expenses, results of operations, liquidity or capital expenditures.
During the nine-month period ended June 30, 2018, the board of directors authorized the increase of the Performance Bonus to up to 10% of the capital stock of the Company.
Quarterly Report (10-q)
Print
Alert
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
? Quarterly Report Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934
For the quarterly period ended: June 30, 2018
or
? Transition Report Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934
Commission File Number: 000-55613
VoIP-PAL.COM INC.
(Exact name of Registrant as specified in its charter)
Nevada 980184110
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer
Identification Number)
10900 NE 4th Street, Suite 2300
Bellevue, WA, 98004
(Address of principal executive offices)
1-888-605-7780
(Registrant’s telephone number, including area code)
Check whether the Registrant (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to the filing requirements for at least the past 90 days.
Yes ? No ?
Indicate by check mark whether the Registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit and post such files). Yes ? No ?
Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer ? Accelerated filer ? Non-accelerated filer ? Smaller reporting company ?
(Do not check if a smaller reporting company)
Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ? No ?
As of August 13, 2018, there were 1,493,021,135 shares of Common Stock outstanding.
TABLE OF CONTENTS
PART I—FINANCIAL INFORMATION
Item 1. Financial Statements 3
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 17
Item 3. Quantitative and Qualitative Disclosures About Market Risk 20
Item 4. Controls and Procedures 20
PART II—OTHER INFORMATION
Item 1. Legal Proceedings 22
Item 1A. Risk Factors 23
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 23
Item 3. Defaults Upon Senior Securities 23
Item 4. Mine Safety Disclosures 23
Item 5. Other Information 23
Item 6. Exhibits 24
2
PART I—FINANCIAL INFORMATION
Item 1. Financial Statements.
VOIP-PAL.COM INC.
INTERIM CONSOLIDATED BALANCE SHEETS
(Unaudited – prepared by management)
As at
(Expressed in U.S. Dollars)
June 30,
2018 September 30,
2017
ASSETS
CURRENT
Cash $ 2,797,305 $ 12,157
Legal retainer 100,000 100,000
Prepaid expense 12,000 12,000
2,909,305 124,157
NON-CURRENT
Intellectual VoIP communications patent properties, net (Note 5) 952,100 1,055,750
TOTAL ASSETS $ 3,861,405 $ 1,179,907
LIABILITIES
CURRENT
Accounts payable and accrued liabilities $ 341,870 $ 316,533
TOTAL LIABILITIES $ 341,870 $ 316,533
STOCKHOLDERS’ EQUITY
SHARE CAPITAL (Note 9) $ 1,246,435 $ 1,018,760
ADDITIONAL PAID-IN CAPITAL (Note 9) 43,931,020 33,028,389
SHARES TO BE ISSUED (Note 9) 35,000 1,063,041
DEFICIT (41,692,920 ) (34,246,816 )
3,519,535 863,374
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 3,861,405 $ 1,179,907
Nature and Continuance of Operations (Note 1)
Contingent Liabilities (Note 12)
The accompanying notes are an integral part of these consolidated financial statements.
3
VOIP-PAL.COM INC.
INTERIM CONSOLIDATED STATEMENTS OF LOSS AND COMPREHENSIVE LOSS
(Unaudited – prepared by management)
(Expressed in U.S. Dollars)
Three Months
Ended Three Months
Ended Nine Months
Ended Nine Months
Ended
June 30,
2018 June 30,
2017 June 30,
2018 June 30,
2017
EXPENSES
Amortization $ 34,550 $ 34,548 $ 103,650 $ 103,643
Officers and Directors Fees (Note 6) 55,300 55,100 161,500 161,300
Legal fees (Note 6) 231,233 218,570 859,885 591,130
Office & general 71,978 90,221 259,635 269,938
Patent consulting fees 30,207 30,000 73,736 160,000
Professional fees & services (Note 6) 187,976 189,608 3,215,823 343,882
Stock-based compensation (Note 10) 120,825 304,777 2,771,875 421,867
Total expenses 732,069 922,824 7,446,104 2,051,760
NET LOSS AND COMPREHENSIVE LOSS FOR THE PERIOD $ (732,069 ) $ (922,824 ) $ (7,446,104 ) $ (2,051,760 )
Basic and diluted loss per common share $ (0.00 ) $ (0.00 ) $ (0.01 ) $ (0.00 )
Weighted-average number of common shares outstanding:
Basic and diluted 1,464,963,231 1,092,945,507 1,421,320,380 1,085,800,101
The accompanying notes are an integral part of these consolidated financial statements.
4
VOIP-PAL.COM INC.
INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited – prepared by management)
(Expressed in U.S. Dollars)
Nine Months
Ended Nine Months
Ended
June 30,
2018 June 30,
2017
Cash Flows from Operating Activities
Net loss for the period $ (7,446,104 ) $ (2,051,760 )
Add items not affecting cash:
Stock-based compensation 2,771,875 421,867
Shares issued for services and finder’s fees 2,818,330 195,200
Amortization 103,650 103,643
Changes in non-cash working capital:
Prepaid expense — 26,250
Accounts payable 25,337 (102,437 )
Cash Flows Used in Operating Activities (1,726,912 ) (1,407,237 )
Cash Flows from Financing Activities
Proceeds from convertible debentures — 32,500
Proceeds from private placement 2,936,060 1,263,000
Proceeds from warrant exercise 1,576,000 —
Cash Flows Provided by Financing Activities 4,512,060 1,295,500
Increase (decrease) in cash 2,785,148 (111,737 )
Cash, beginning of the period 12,157 121,115
Cash, end of the period $ 2,797,305 $ 9,378
Supplemental cash flow information – Note 7
The accompanying notes are an integral part of these consolidated financial statements.
5
VOIP-PAL.COM INC.
INTERIM CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(Unaudited – prepared by management)
(Expressed in U.S. dollars)
Shares to be Additional
Common Shares Issued Paid-in
Number Par Value Value Capital Deficit Total
Balance at September 30, 2016 1,056,474,201 $ 933,108 $ 1,063,041 $ 30,882,963 $ (31,636,143 ) $ 1,242,969
Shares issued for private placement 73,067,166 73,067 — 1,516,943 — 1,590,010
Shares issued as finder’s fees 4,336,667 4,337 — (4,337 ) — —
Shares issued for debt conversion 1,400,000 1,400 — 31,100 — 32,500
Shares issued for services 7,747,500 7,748 — 223,953 — 231,701
Shares cancelled on termination of services (900,000 ) (900 ) — (44,100 ) — (45,000 )
Shares to be issued for Anti-Dilution Clause (Notes 4 & 9) — — — — — —
Share purchase options granted (Note 10) — — — 421,867 — 421,867
Net loss for the period — — — — (2,610,673 ) (2,610,673 )
Balance at September 30, 2017 1,142,125,534 $ 1,018,760 $ 1,063,041 $ 33,028,389 $ (34,246,816 ) $ 863,374
Shares issued for private placement 101,803,749 101,804 — 2,834,256 — 2,936,060
Shares issued for warrant exercise 38,525,000 38,525 — 1,502,475 — 1,541,000
Shares issued for services 87,345,500 87,346 (1,063,041 ) 3,794,025 — 2,818,330
Shares issued for Anti-Dilution Clause (Notes 4 & 9) 118,121,352 — — — — —
Deposits for warrants to be exercised — — 35,000 — — 35,000
Share purchase options granted (Note 10) — — — 2,771,875 — 2,771,875
Net loss for the period — — — — (7,446,104 ) (7,446,104 )
Balance at June 30, 2018 1,487,921,135 $ 1,246,435 $ 35,000 $ 43,931,020 $ (41,692,920 ) $ 3,519,535
The accompanying notes are an integral part of these consolidated financial statements.
6
VOIP-PAL.COM INC.
Notes to the Interim Consolidated Financial Statements
(Unaudited – prepared by management)
(Expressed in United States Dollars)
June 30, 2018
NOTE 1. NATURE AND CONTINUANCE OF OPERATIONS
VOIP-PAL.com, Inc. (the “Company”) was incorporated in the state of Nevada in September, 1997 as All American Casting International, Inc. The Company’s registered office is located at 10900 NE 4 th Street, Suite 2300, Bellevue, Washington in the United States of America.
Since March 2004, the Company has been developing technology and patents related to Voice-over-Internet Protocol (VoIP) processes. All business activities prior to March 2004 have been abandoned and written off to deficit.
In December 2013, the Company completed the acquisition of Digifonica (International) Limited, a private company based in Gibraltar, whose assets included several patents and technology developed for the VoIP market.
These consolidated financial statements have been prepared on the basis of a going concern, which contemplates the realization of assets and discharge of liabilities in the normal course of business. The Company continues to incur losses and, at June 30, 2018, had an accumulated deficit of $41,692,920 (September 30, 2017 - $34,246,816). The ability of the Company to continue operations as a going concern is dependent upon raising additional working capital, settling outstanding debts and generating profitable operations. These material uncertainties raise substantial doubt about the Company’s ability to continue as a going concern. Should the going concern assumption not continue to be appropriate, further adjustments to carrying values of assets and liabilities may be required. There can be no assurance that capital will be available as necessary to meet these continued developments and operating costs or, if the capital is available, that it will be on the terms acceptable to the Company. The issuances of additional stock by the Company may result in a significant dilution in the equity interests of its current shareholders. Obtaining commercial loans, assuming those loans would be available, will increase the Company’s liabilities and future cash commitments. If the Company is unable to obtain financing in the amounts and on terms deemed acceptable, its business and future success may be adversely affected.
Additionally, as the Company’s stated objective is to monetize its patent suite through the licensing or sale of its intellectual property (“IP”), the Company being forced to litigate or to defend its IP claims through litigation casts substantial doubt on its future to continue as a going concern. IP litigation is generally a costly process, and in the absence of revenue the Company must raise capital to continue its own defense and to validate its claims – in the event of a failure to defend its patent claims, either because of lack of funding, a court ruling against the Company or because of a protracted litigation process, there can be no assurance that the Company will be able to raise additional capital to pay for an appeals process or a lengthy trial. The outcome of any litigation process may have a significant adverse effect on the Company’s ability to continue as a going concern.
NOTE 2. BASIS OF PRESENTATION
The accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”).
NOTE 3. SIGNIFICANT ACCOUNTING POLICIES
Principles of Consolidation
These consolidated financial statements have been prepared on a consolidated basis and include the accounts of the Company and its wholly owned subsidiary Digifonica. All intercompany transactions and balances have been eliminated. As at June 30, 2018, Digifonica had no activities.
Use of Estimates
The preparation of these consolidated financial statements required management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from these estimates. Where estimates have been used financial results as determined by actual events could differ from those estimates.
7
VOIP-PAL.COM INC.
Notes to the Interim Consolidated Financial Statements
(Unaudited – prepared by management)
(Expressed in United States Dollars)
June 30, 2018
NOTE 3. SIGNIFICANT ACCOUNTING POLICIES (CONT’D)
Cash
Cash consists of cash on hand and monies held in checking and savings accounts. The Company had $2,797,305 and $12,157 in cash on June 30, 2018 and September 30, 2017, respectively.
Intangible Assets
Intangible assets, consisting of Intellectual VoIP communication patent properties are recorded at cost and amortized over the assets estimated life on a straight-line basis. Costs to renew or extend patents are capitalized. Management considers factors such as remaining life of the patents, technological usefulness and other factors in estimating the life of the assets.
The carrying value of intangible assets are reviewed for impairment by management of the Company at least annually or upon the occurrence of an event which may indicate that the carrying amount may be less than its fair value. If impaired, the Company will write-down such impairment. In addition, the useful life of the intangible assets will be evaluated by management at least annually or upon the occurrence of an event which may indicate that the useful life may have changed.
Fair Value of Financial Instruments
FASB ASC 820, Fair Value Measurement, defines fair value as the price that would be received upon sale of an asset or paid upon transfer of a liability in an orderly transaction between market participants at the measurement date and in the principal or most advantageous market for that asset or liability. The fair value should be calculated based on assumptions that market participants would use in pricing the asset or liability, not on assumptions specific to the entity.
The Company classifies financial assets and liabilities as held-for-trading, available-for-sale, held-to-maturity, loans and receivables or other financial liabilities depending on their nature. Financial assets and financial liabilities are recognized at fair value on their initial recognition, except for those arising from certain related party transactions which are accounted for at the transferor’s carrying amount or exchange amount.
Financial assets and liabilities classified as held-for-trading are measured at fair value, with gains and losses recognized in net income. Financial assets classified as held-to-maturity, loans and receivables, and financial liabilities other than those classified as held-for-trading are measured at amortized cost, using the effective interest method of amortization. Financial assets classified as available-for-sale are measured at fair value, with unrealized gains and losses being recognized as other comprehensive income until realized, or if an unrealized loss is considered other than temporary, the unrealized loss is recorded in income.
U.S. GAAP establishes a framework for measuring fair value under generally accepted accounting principles and enhances disclosures about fair value measurements. Fair value is defined as the amount that would be received for an asset or paid to transfer a liability (i.e., an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value maximize the use of observable inputs and minimize the use of unobservable inputs. The standard describes the following fair value hierarchy based on three levels of inputs, of which the first two are considered observable and the last unobservable, that may be used to measure fair value:
Level 1: Quoted prices in active markets for identical assets and liabilities.
Level 2: Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.
Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.
The fair value of cash is classified as Level 1 at June 30, 2018 and September 30, 2017.
The Company classifies its financial instruments as follows: Cash is classified as held for trading, and is measured at fair value. Accounts payable and accrued expenses are classified as other financial liabilities, and have a fair value approximating their carrying value, due to their short-term nature.
8
VOIP-PAL.COM INC.
Notes to the Interim Consolidated Financial Statements
(Unaudited – prepared by management)
(Expressed in United States Dollars)
June 30, 2018
NOTE 3. SIGNIFICANT ACCOUNTING POLICIES (CONT’D)
Income Taxes
Deferred income taxes have been provided for temporary differences between financial statement and income tax reporting under the asset and liability method, using expected tax rates and laws that are expected to be in effect when the differences are expected to reverse. A valuation allowance is provided when realization is not considered more likely than not.
The Company’s policy is to classify income tax assessments, if any, for interest expense and for penalties in general and administrative expenses. The Company’s income tax returns are subject to examination by the IRS and corresponding states, generally for three years after they are filed.
Loss per Common Share
Basic loss per share is calculated using the weighted-average number of common shares outstanding during each period. Diluted income per share includes potentially dilutive securities such as outstanding options and warrants outstanding during each period. To calculate diluted loss per share the Company uses the treasury stock method and the If-converted method.
For the nine-month period ended June 30, 2018 and the year ended September 30, 2017 there were no potentially dilutive securities included in the calculation of weighted-average common shares outstanding.
Derivatives
We account for derivatives pursuant to ASC 815, Accounting for Derivative Instruments and Hedging Activities . All derivative instruments are recognized in the consolidated financial statements and measured at fair value regardless of the purpose or intent for holding them. We determine fair value of warrants and other option type instruments based on option pricing models. The changes in fair value of these instruments are recorded in income or expense.
Stock-based compensation
The Company recognizes compensation expense for all stock-based payments made to employees, directors and others based on the estimated fair values of its common stock on the date of issuance.
The Company determines the fair value of the share-based compensation payments granted as either the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable. If the fair value of the equity instruments issued is used, it is measured using the stock price and other measurement assumptions as of the earlier of either the date at which a commitment for performance to earn the equity instrument is reached or the date the performance is complete.
The Company recognizes compensation expense for stock awards with service conditions on a straight-line basis over the requisite service period, which is included in operations. Stock option expense is recognized over the option’s vesting period.
Concentrations of Credit Risk
The Company maintains cash at financial institutions, which at times, may be in excess of insured limits. The Company has not experienced any losses to date as a result of this policy and, in assessing its risk, the Company’s policy is to maintain cash only with reputable financial institutions. As of June 30, 2018, the Company’s bank operating account balances exceeded the Federal Deposit Insurance Corporation Insurance Limit of $250,000 by $2,547,305.
Recent Accounting Pronouncements
In November 2015, the FASB issued ASU 2015-17, Balance Sheet Classification of Deferred Taxes (“ASU 2015-17”). ASU 2015-17 requires companies to classify all deferred tax assets or liabilities as noncurrent on the balance sheet rather than separately disclosing deferred taxes as current and noncurrent. This standard is effective for the Company beginning on October 1, 2017 and can be applied either prospectively or retrospectively to all periods presented upon adoption. The standard did not have any impact on the Company’s financial statements.
In January 2016, FASB issued ASU 2016-01 to amend certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. Most prominent among the amendments is the requirement for changes in fair value of equity investments, with certain exceptions, to be recognized through profit or loss rather than other comprehensive income. The new standard will be effective for the Company beginning October 1, 2018. The standard is not expected to have any impact on the Company’s financial statements.
9
VOIP-PAL.COM INC.
Notes to the Interim Consolidated Financial Statements
(Unaudited – prepared by management)
(Expressed in United States Dollars)
June 30, 2018
NOTE 3. SIGNIFICANT ACCOUNTING POLICIES (CONT’D)
Recent Accounting Pronouncements (cont’d)
In February 2016 FASB issued ASU No. 2016-02, Leases (Topic 842) which supersedes FASB ASC Topic 840, Leases (Topic 840) and provides principles for the recognition, measurement, presentation, and disclosure of leases for both lessees and the lessors. The new standard requires the lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. The classification will determine whether lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease, respectively. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than twelve months regardless of classification. Leases with a term of twelve months or less will be accounted for similar to existing guidance for operating leases. The standard is effective for annual and interim periods beginning after December 15, 2018, with early adoption permitted upon issuance. When adopted, the Company does not expect this guidance to have a material impact on its consolidated financial statements.
In June 2016, the FASB issued ASU 2016-13 to replace the incurred loss impairment methodology in current U.S. GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss credit loss estimates. For trade and other receivables, loans and other financial instruments, the Company will be required to use a forward-looking expected loss model rather than the incurred loss model for recognizing credit losses which reflects losses that are probable. Credit losses relating to available for sale debt securities will also be recorded through an allowance for credit losses rather than as a reduction in the amortized cost basis of the securities. The new standard will be effective for the Company beginning October 1, 2020, with early adoption permitted. Application of the amendments is through a cumulative-effect adjustment to deficit as of the effective date. The Company is currently assessing the impact of the standard on its consolidated financial statements.
In August 2016, the FASB issued ASU No. 2016-15, “Statement of Cash Flows (Topic 230)”. The new guidance is intended to reduce diversity in practice in how certain transactions are classified in the statement of cash flows. ASU No. 2016-15 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017. Early adoption is permitted, provided that all of the amendments are adopted in the same period. The guidance requires application using a retrospective transition method. The Company is currently evaluating the impact of ASU No. 2016-15 on its financial position, results of operations and liquidity.
NOTE 4. PURCHASE OF DIGIFONICA
The Company acquired Digifonica in December 2013. Pursuant to the terms in the Share Purchase Agreement (the “SPA”) the Company acquired 100% of Digifonica from the seller (the “Seller”) for a cash payment of $800,000 and 389,023,561 common shares of the Company. The assets acquired through the acquisition were VoIP-related patented technology, including patents for Lawful Intercept, routing, billing and rating, mobile gateway, advanced interoperability solutions, intercepting voice over IP communications, and uninterrupted transmission of internet protocol transmissions during endpoint changes.
The SPA included an anti-dilution clause (the “Anti-Dilution Clause”) that requires the Company to maintain the Seller’s percentage ownership of the Company at 40% by issuing the Seller a proportionate number of common shares of any future issuance of the Company’s common shares. Shares issued pursuant to the Anti-Dilution Clause are recorded as a share issuance cost within the Additional Paid-in Capital account (Notes 6 and 9).
NOTE 5. INTANGIBLE ASSETS
The Company acquired certain patents and technology from Digifonica in December 2013 (See Note 4). These assets have been recorded in the financial statements as intangible assets. These assets are being amortized over twelve (12) years on a straight-line basis. A summary of intangible assets as of June 30, 2018 and September 30, 2017 is as follows:
June 30,
2018
September 30,
2017
VoIP Intellectual property and patents $ 1,552,416 $ 1,552,416
Accumulated amortization (600,316 ) (496,666 )
Net book value $ 952,100 $ 1,055,750
There were no disposals of any intangible assets in the periods presented.
10
VOIP-PAL.COM INC.
Notes to the Interim Consolidated Financial Statements
(Unaudited – prepared by management)
(Expressed in United States Dollars)
June 30, 2018
NOTE 6. RELATED PARTY TRANSACTIONS
The Company compensates certain of its key management personnel to operate its business in the normal course. Key management includes the Company’s executive officers and members of its Board of Directors.
Compensation paid or accrued to key management during the period ended June 30, 2018 includes:
June 30,
2018
June 30,
2017
Management fees paid or accrued to the CEO $ 67,500 $ 67,500
Management fees paid or accrued to the CFO 64,800 64,800
Management fees paid or accrued to the President 29,200 29,000
Directors’ fees Nil Nil
$ 161,500 $ 161,300
At June 30, 2018 included in accounts payable and accrued liabilities is $318,100 (September 30, 2017 - $186,700) owed to current officers and directors. Amounts due to/from related parties are non-interest bearing, unsecured and have no fixed terms of repayment unless otherwise noted.
As at June 30, 2018, included in shares to be issued is $Nil (September 30, 2017 - $902,000) for unpaid Officer and Director fees and $Nil (September 30, 2017 - $80,000) for professional fees & services paid to a director for consulting services provided. Additionally, $3,978,558 (September 30, 2017 - $994,548) was accrued in the period to the Seller of Digifonica for the Anti-Dilution Clause (Notes 4 and 9).
NOTE 7. SUPPLEMENTAL CASH FLOW INFORMATION
During the nine-month period ended June 30, 2018, the Company paid $nil (June 30, 2017 - $nil) in interest or income taxes.
During the nine-month period ended June 30, 2018, the Company reclassified $1,063,041 from Shares to be issued into Additional paid-in capital upon the issuance of shares (2017- $Nil).
NOTE 8. CONVERTIBLE DEBENTURES
The Company from time-to-time issues convertible debentures that are due on demand. The convertible debentures are convertible at fixed conversion rates and typically carry no interest. See Note 9 for details of common shares issued during the period from the conversion of convertible debentures.
As at June 30, 2018 there are $nil (September 30, 2017 - $nil) in convertible debentures issued and outstanding.
11
VOIP-PAL.COM INC.
Notes to the Interim Consolidated Financial Statements
(Unaudited – prepared by management)
(Expressed in United States Dollars)
June 30, 2018
NOTE 9. SHARE CAPITAL
Capital Stock Authorized and Issued:
– 2,000,000,000 common voting shares authorized with a par value of $0.001 each, of which 1,487,921,135 (September 30, 2017 – 1,142,125,534) shares are issued.
– 1,000,000 convertible preferred shares authorized with a par value of $0.01 each, of which nil (2017 – nil) shares are issued.
During the nine-month period ended June 30, 2018, the board of directors of the Company authorized the increase of the Company’s capital stock to 2,000,000,000 (September 30, 2017 – 1,300,000) common voting shares with a par value of $0.001 per share.
Issues during the nine-month period ended June 30, 2018
During the nine-month period ended June 30, 2018, the Company issued:
– 95,497,749 common shares issued at between $0.015 and $0.06 per common share for cash proceeds of $2,837,940 from private placements of common shares;
– 6,306,000 units at between $0.0125 and $0.02 per unit for cash proceeds of $98,120. Each unit consists of one common share and one common share purchase warrant. Each common share purchase warrant allows the holder to purchase one common share for $0.04 for a period of twelve months from the date of issuance;
– 38,525,000 common shares at $0.04 per common share for cash proceeds of $1,541,000 on the exercise of 38,525,000 common share purchase warrants;
– 87,345,500 common shares priced at between $0.02 and $0.06 per common share for services with an aggregate value of $2,818,330; and
– 118,121,352 common shares priced at $0.02 per common share pursuant to the Anti-Dilution Clause for a value of $2,362,427.
The Company also received $35,000 in deposits prior to June 30, 2018 for warrants that were exercised after period end.
Issues during the year ended September 30, 2017
During the year ended September 30, 2017, the Company issued:
– 73,067,166 common shares priced between $0.02 and $0.03 per common share for cash proceeds of $1,590,010 from private placements, as follows:
? 11,566,666 common shares priced between $0.02 and $0.03 per common share for cash proceeds of $340,000 from a private placement of common shares;
? 61,500,500 units priced between $0.02 and $0.025 per unit for cash proceeds of $1,250,010. Each unit consists of one common share and one common share purchase warrant. Each common share purchase warrant allows the holder to purchase one common share for $0.04 or $0.05 for a period of twelve months from the date of issuance;
– 7,747,500 common shares priced between $0.025 and $0.05 per common share for services valued at $231,701;
– 4,336,667 common shares priced at $0.02 and $0.03 per common share as share issuance fees valued at $100,200; and
– 1,400,000 common shares priced between $0.025 and $0.03 per share to convert $32,500 of convertible debentures.
During the year ended September 30, 2017, 900,000 common shares priced at $0.05 per common share were cancelled. The shares had been issued as an advance payment for the provision of services under a contract which was terminated prior to fulfillment.
Subsequent Issues
Subsequent to the nine-month period ended June 30, 2018, the Company issued 3,600,000 common shares at $0.04 per common share for cash proceeds of $144,000 on the exercise of 3,600,000 common share purchase warrants.
12
VOIP-PAL.COM INC.
Notes to the Interim Consolidated Financial Statements
(Unaudited – prepared by management)
(Expressed in United States Dollars)
June 30, 2018
NOTE 9. SHARE CAPITAL (CONT’D)
Shares to be Issued
As at June 30, 2018, there are $Nil (September 30, 2017 – 23,353,846) common shares to be issued that are accrued for professional services provided to the Company valued at $Nil (September 30, 2017 – $1,058,320), of which $Nil (September 30, 2017 – 21,281,903) are accrued to management and related parties.
As at June 30, 2018, there are 38,175,001 (September 30, 2017 – 57,826,653) common shares to be issued that are accrued to the seller of Digifonica pursuant to the Anti-Dilution Clause (see Notes 4 and 6), valued at $3,978,558 (September 30, 2017 - $1,937,193).
Warrants
During the year ended September 30, 2017, the Company issued 61,500,500 common share purchase warrants to purchase 61,500,500 common shares in the capital stock of the Company at a price of $0.04 or $0.05 per common share for a period of twelve months from date of issue in private placements of units.
During the nine-month period ended June 30, 2018, the Company issued 6,306,000 common share purchase warrants to purchase 6,306,000 common shares in the capital stock of the Company at a price of $0.04 per common share for a period of twelve months from date of issue in private placements of units.
The following table summarizes the Company’s share purchase warrant transactions:
Number of
warrants
Weighted average
exercise price
Balance September 31, 2016 Nil $ N/A
Issued in unit private placement 61,500,500 0.04
Exercised Nil N/A
Expired Nil N/A
Balance September 31, 2017 61,500,500 0.04
Issued in unit private placement 6,306,000 0.04
Exercised (38,525,000 ) 0.04
Expired (10,375,000 ) 0.04
Balance June 30, 2018 18,906,500 $ 0.04
The following table summarizes the share purchase warrants outstanding at June 30, 2018:
Warrants
Outstanding Weighted Average
Exercise Price Weighted Average
Remaining Contractual Life
18,906,500 $ 0.04 0.47 years
As at June 30, 2018, the Company has 18,906,500 (September 30, 2017 – 61,500,500) common share purchase warrants outstanding to purchase 18,906,500 common shares at a weighted average price of $0.04 per share expiring on dates ranging from July through December 2018.
Subsequent to June 30, 2018, 5,100,000 common share purchase warrants were exercised at a price of $0.04 per share for proceeds of $204,000.
13
VOIP-PAL.COM INC.
Notes to the Interim Consolidated Financial Statements
(Unaudited – prepared by management)
(Expressed in United States Dollars)
June 30, 2018
NOTE 10. STOCK-BASED COMPENSATION
Stock Option Plan
In order to provide incentive to directors, officers, management, employees, consultants and others who provide services to the Company or any subsidiary (the “Service Providers”) to act in the best interests of the Company, and to retain such Service Providers, the Company has in place an incentive Stock Option Plan (the “Plan”) whereby the Company is authorized to issue up to 10% of its issued and outstanding share capital in options to purchase common shares of the Company. The maximum term of options granted under the Plan cannot exceed ten years, with vesting terms determined at the discretion of the Board of Directors.
During the nine-month period ended June 30, 2018, the Company granted 18,500,000 options to purchase 18,500,000 common shares at an exercise price of $0.18 per common share under the plan. 16,500,000 of the options granted during the nine-month period ended June 30, 2018 are vested and exercisable as at June 30, 2018.
The following table summarizes the Company’s stock option transactions:
Number of
options
Weighted average
exercise price
Balance September 30, 2016 28,000,000 $ 0.060
Granted 11,850,000 0.053
Balance September 30, 2017 39,850,000 $ 0.058
Granted 18,500,000 0.180
Balance June 30, 2018 58,350,000 $ 0.058
The following table summarizes the stock options outstanding at June 30, 2018:
Options
Outstanding Exercise
Price Remaining Contractual
Life (Yrs) Number of Options
Currently Exercisable
14,000,000 $ 0.06 3.48 14,000,000
14,000,000 0.06 3.69 14,000,000
3,450,000 0.06 3.82 3,450,000
8,400,000 0.05 4.30 8,400,000
18,500,000 0.18 4.92 16,500,000
58,350,000 $ 0.058 3.76 56,350,000
The following assumptions were used for the Black-Scholes valuation of stock options granted during the nine-month period ended June 30, 2018: risk-free rate of 1.62% (2017 – 1.25%), expected life of 5 years (2017 – 5 years), annualized historical volatility of 138.8% (2017 - 112.0%) and a dividend rate of 0% (2017 – 0%). Expected volatilities are based on historical volatility of the Company’s stock and other factors. The compensation cost that has been charged against income from options vested under the Plan was 2,771,875 ($0.14 per share) for the nine-month period ended June 30, 2018.
The weighted-average grant-date fair value of options granted during the nine-month period ended June 30, 2018 was $0.14 (2017 - $0.04). The total intrinsic value of options exercised during the nine-month period ended June 30, 2018 was $nil (2017 - $nil).
14
VOIP-PAL.COM INC.
Notes to the Interim Consolidated Financial Statements
(Unaudited – prepared by management)
(Expressed in United States Dollars)
June 30, 2018
NOTE 11. SEGMENTED INFORMATION
The Company operates in one reportable segment being the acquisition and development of VoIP-related intellectual property including patents and technology. All intangible assets are located in the United States of America.
NOTE 12. CONTINGENT LIABILITIES
Litigation
The Company is party to pending litigation cases as follows:
i) Locksmith Financial Corporation, Inc. et al. v Voip-Pal.com Inc. (Case No A-15-717491-C) filed in Clark County District Court (the “State Case”)
On March 24, 2014, the Company resolved to freeze 95,832,000 common shares that were issued to a company controlled by a former director (the “defendant”) in fiscal 2013 and accounted for at a cost of $1,443,000. The Company resolved to freeze the common shares as the Company believes that the shares were issued as settlement of a line of credit that the Company believes to have been legally unsupported. The defendant alleges that the freeze and the Company’s actions constituted fraud and a breach of securities laws. The Company denies any wrongdoing. Currently the State Case is entering the discovery phase of litigation and the outcome is undeterminable.
ii) Voip-Pal.com Inc. v Richard Kipping, et al. (Case No. 2:15-cv-01258-JAD-VCF) filed in United States District Court (the “Federal Case”)
On July 2, 2015, the Company filed a case against a former director, a shareholder and the company controlled by a former director. The Company alleges that the common shares issued in the State Case and an additional 7,200,000 common shares were fraudulently obtained and that the shares have been unlawfully transferred to other entities. The proceedings in the Federal Case have been stayed pending a final determination of the issues in the State Case. The outcome of the case is undeterminable.
iii) Voip-Pal.com Inc. v Apple, Inc. (Case No. 2:16-CV-00260) & Verizon Wireless Services, LLC, Verizon Communications Inc., AT&T Corp. (Case No. 2:16- VC-00271) in the United States District Court, District of Nevada
In February 2016 the Company filed patent infringement lawsuits in the United States District Court, District of Nevada against Apple, Inc, (Case No. 2:16-CV-00260), Verizon Wireless Services, LLC, Verizon Communications Inc., and AT&T Corp. (Case No. 2:16- VC-00271). These cases are seeking a combined $7,024,377,876 in damages. On May 9, 2016, the lawsuits were officially served to these companies. The proceedings in these cases are currently stayed, by agreement with the parties thereto, pending the outcome of two Inter Partes Reviews (“IPRs”), as noted below. The outcome of each of these legal actions is undeterminable.
iv) Voip-Pal.com Inc. v Twitter, Inc. (Case No. 2:16-CV-02338) in the United States District Court, District of Nevada
During the year ended September 30, 2017, on October 6, 2016, the Company filed a lawsuit in the United States District Court, District of Nevada against Twitter, Inc, (Case No. 2:16- CV-02338) in which Voip-Pal.com alleges infringement of U.S. Patent No. 8,542,815 and its continuation patent, U.S. Patent No. 9,179,005, This case is seeking $2,699,256,418 in damages. On December 28, 2016, the lawsuit was officially served to Twitter, Inc. It is anticipated that this case will also be stayed pending the Patent Trial and Appeal Board (“PTAB”) of the United States Patent and Trademark Office’s (“USPTO”) issuance of final written decisions in IPR proceedings concerning the patents-at-issue (see Inter Partes Reviews below). The outcome of this case is undeterminable.
15
VOIP-PAL.COM INC.
Notes to the Interim Consolidated Financial Statements
(Unaudited – prepared by management)
(Expressed in United States Dollars)
June 30, 2018
NOTE 12. CONTINGENT LIABILITIES (CONT’D)
Inter Partes Reviews
In additional legal actions related to Item iii above, two of the Company’s patents are currently subject to several Inter Partes Reviews (“IPR(s)”) before the PTAB. An IPR allows the PTAB to consider the validity of issued patents. There are no damages awarded, but a portion or all of a patent instituted for IPR may be invalidated as a result of the review.
During the nine-month period ended June 30, 2018, eight IPRs were in process at the PTAB, filed against Patent No. 8,542,815 and No. 9,179,005, as follows:
– Unified Patents Inc. (Petitioner) vs. Voip-Pal.com Inc. (Patent Owner) IPR2016-01082, reviewing Patent No. 8,542,815. On December 8, 2016, this petition was not instituted by the PTAB;
– Apple, Inc. (Petitioner) vs. Voip-Pal.com Inc. (Patent Owner) IPR2016-01198, reviewing Patent No. 9,179,005 and Voip-Pal.com Inc. (Patent Owner) IPR2016-01201, reviewing Patent No. 8,542,815, both instituted for IPR on November 21, 2016;
– AT&T Inc. (Petitioner) filed IPR2017-01382 against Voip-Pal’s Patent No. 8,542,815, IPR2017-01383 against Voip-Pal’s Patent No. 9,179,005, and IPR2017-01384 against Voip-Pal’s Patent No. 9,179,005. Each of these six petitions were instituted for IPR by the PTAB on May 8, 2017; and
– Apple Inc. (Petitioner) filed IPR2017-01399 against Voip-Pal’s Patent No. 8,542,815, and IPR2017-01398 against Voip-Pal’s Patent No. 9,179,005, which were also both instituted for IPR by the PTAB on May 8, 2017.
During the nine-month period ended June 30, 2018, on November 21, 2017, the PTAB issued its findings on the seven active IPRs being adjudicated, denying all claims made by the Petitioners (Apple Inc, and AT&T Inc.) in all seven instituted IPRs. The final ruling on these IPRs has been delayed by the PTAB while it considers a motion for sanctions against the Company brought by Petitioner Apple, Inc. after the PTAB’s November findings. The outcome of the Petitioner’s motion is undeterminable.
Performance Bonus Payable
In 2016, the Board of Directors authorized the Company to provide a performance bonus of up to 3% of the capital stock of the Company (the “Performance Bonus”) by way of the issuance of Common shares from its treasury to an as yet undetermined group of related and non-related parties upon the successful completion of a purchase and sale of the Company or a major licensing transaction, defined as a bonusable event. In order to provide maximum flexibility to the Company with respect to determining what constitutes such a bonusable event, the level of Performance Bonus payable, and who may qualify to receive a pro-rata share of such a Performance Bonus, the Company authorized full discretion to the Board in making such determinations.
During the nine-month period ended June 30, 2018, the board of directors authorized the increase of the Performance Bonus to up to 10% of the capital stock of the Company.
As at June 30, 2018 and the date of this report, no bonusable event has occurred and there is as yet no Performance Bonus payable.
16
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
The following management’s discussion and analysis (MD&A) should be read in conjunction with our interim consolidated financial statements for the quarterly period ended June 30, 2018 and notes thereto appearing elsewhere in this report, and our audited consolidated financial statements for the year ended September 30, 2017 and notes thereto.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This MD&A for the three and nine months ending June 30, 2018 contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amending, and Section 21E of the Securities Exchange Act of 1934, as amending. Forward-looking statements may be identified by the use of forward-looking terminology, such as “may”, “shall”, “could”, “expect”, “estimate”, “anticipate”, “predict”, “probable”, “possible”, “should”, “continue”, or similar terms, variations of those terms or the negative of those terms. The forward-looking statements specified in the following information have been compiled by our management on the basis of assumptions made by management and are considered by management to be reasonable. Our future operating results, however, are impossible to predict and no representation, guaranty, or warranty is to be inferred from those forward-looking statements.
The assumptions used for purposes of the forward-looking statements specified in the following information represent estimates of future events and are subject to uncertainty as to possible changes in economic, legislative, industry, and other circumstances. As a result, the identification and interpretation of data and other information and their use in developing and selecting assumptions from and among reasonable alternatives require the exercise of judgment. To the extent that the assumed events do not occur, the outcome may vary substantially from anticipated or projected results, and, accordingly, no opinion is expressed on the achievability of those forward-looking statements. No assurance can be given that any of the assumptions relating to the forward-looking statements specified in the following information are accurate, and we assume no obligation to update any such forward-looking statements
CORPORATE HISTORY, OVERVIEW AND PRINCIPAL BUSINESS
VOIP-PAL.com Inc. (“Voip-Pal”, the “Company”) was incorporated in the state of Nevada in September 1997 as All American Casting International, Inc. and changed its name to VOIP MDI.com in 2004 and subsequently to Voip-Pal.Com Inc. in 2006. Since March 2004, the Company has been in the development stage of becoming a VoIP re-seller, a provider of a proprietary transactional billing platform tailored to the points and air mile business, and a provider of anti-virus applications for smartphones. All business activities prior to March 2004 have been abandoned and written off to deficit.
In December 2013, the Company completed the acquisition of Digifonica (International) Limited, a private company incorporated on September 7, 2004 in Gibraltar.
Voip-Pal is a technical leader in the broadband Voice-over-Internet Protocol (“VoIP”) market with the ownership and continuing development of a portfolio of leading-edge VoIP Patents. Voip-Pal’s primary products are VoIP-related patented technology. The Company has spent several years testing and developing this technology. The Company is currently seeking to monetize the patents through a corporate transaction, an asset sale, or licensure of its products.
Voip-Pal’s intellectual property value is derived from ten issued USPTO patents. Voip-Pal inventions described in these patents provide the means to integrate VoIP services with any of the legacy telecommunications systems to create a seamless service using either legacy telephone numbers or IP addresses, and enhance the performance and value of VoIP implementations worldwide.
Voice over IP (Internet Protocol), or VoIP, has been and continues to be a green field for innovation that has spawned numerous inventions, greatly benefitting consumers large and small across the globe. VoIP is used in many places and by every modern telephony system vendor, network supplier, and retail and wholesale carrier.
Results of Operations
The Company’s operating costs consist of expenses incurred to monetizing, selling and licensing its VoIP patents. Other operating costs include expenses for legal, accounting and other professional fees, financing costs, and other general and administrative expenses.
17
Comparison of the Three Months and Nine Months Ending June 30, 2018 and 2017
Three Months Ending
June 30
Increase/
2018 2017 (Decrease) Percent
Revenue $ — $ — $ — —
Cost of Revenue — — — —
Gross Margin — — — —
General and administrative expenses (576,693 ) (888,276 ) (311,583 ) 35 %
Amortization of intangible assets (34,550 ) (34,548 ) 2 0.01 %
Net loss $ (611,243 ) $ (922,824 ) $ (311,581 ) 34 %
Nine Months Ending
June 30
Increase/
2018 2017 (Decrease) Percent
Revenue $ — $ — $ — —
Cost of Revenue — — — —
Gross Margin — — — —
General and administrative expenses (7,221,629 ) (1,948,117 ) 5,273,512 271 %
Amortization of intangible assets (103,650 ) (103,643 ) 7 0.01 %
Net loss $ (7,325,279 ) $ (2,051,760 ) $ 5,273,519 257 %
REVENUES, COST OF REVENUES AND GROSS MARGIN
The Company had no revenues, cost of revenues or gross margin for the three and nine-month periods ending June 30, 2018 and 2017.
GENERAL AND ADMINISTRATIVE EXPENSES
General and administrative expenses for the three months ending June 30, 2018 totaled $576,693 compared to $888,276 during the same period in 2017. The decrease in general and administrative expenses of $311,583, or 34% less than the previous year, was due to lower stock-based compensation-based compensation paid out as compared to the same period in 2017.
General and administrative expenses for the nine months ending June 30, 2018 totaled $7,221,629 compared to $1,948,117 during the same period in 2017. The increase in general and administrative expenses of $5,273,512 or 271% more than the previous year, was primarily due to higher professional fees and services related to the patent lawsuits filed by the Company and a large increase in stock-based compensation.
AMORTIZATION OF INTANGIBLE ASSETS
Amortization of intellectual VoIP communications patent properties for the three months ending June 30, 2018 totaled $34,550 compared to $34,548 during the same period in 2017. There was no material difference between the amortization expenses for the three months ending June 30, 2018 as compared to the same period in 2017.
Amortization of the intellectual VoIP communications patent properties for the nine months ending June 30, 2018 totaled $103,650 compared to $103,643 during the same period in 2017. There was no material difference between the amortization expenses for the nine months ending June 30, 2018 as compared to the same period in 2017.
The Company follows GAAP (FAS 142) and is amortizing its intangibles over the remaining patent life of twelve (12) years. The Company evaluates its intangible assets annually and determines if the fair market value is less than its historical cost. If the fair market value is less, then impairment expense is recorded on the Company’s financial statements. The intangible assets on the financial statements of the Company relate primarily to the Company’s acquisition of Digifonica (International) Limited.
18
SHARE ISSUANCE COSTS
During the nine-month period ending June 30, 2018, the Company issued 118,121,352 common shares, priced at $0.02 per common share pursuant to the Anti-Dilution Clause for an aggregate value of $2,362,427. There were no share issuances for the Anti-Dilution Clause during the same period in 2017. These costs were recorded as share issuance costs against the Company’s capital account.
INTEREST EXPENSE
The Company had no financing or interest costs for the three- or nine-month periods ending June 30, 2018 and 2017.
NET LOSS
The Company reported a net loss of $611,243 for the three months ended June 30, 2018 compared to a net loss of $922,824 for the same period in 2017. The net loss decrease of $311,581, or 34% over the same period in 2017 was due primarily to a decrease in stock based compensation as compared to the same period in 2017.
The Company reported a net loss of $7,325,279 for the nine months ended June 30, 2018 compared to a net loss of $2,051,760 for the same period in 2017. The net loss increase of $5,273,519, or 257% over the same period in 2017 was due primarily to an increase in professional and legal fees related to the patent lawsuits filed by the Company, stock-based compensation and the write-down of intangible acquisition costs.
LIQUIDITY AND CAPITAL RESOURCES
As of June 30, 2018, the Company had an accumulated deficit of $41,572,093 as compared to an accumulated deficit of $33,687,903 at June 30, 2017. As of June 30, 2018, the Company had a working capital surplus of $2,567,435 as compared to a working capital deficit of $31,522 at June 30, 2018, 2017. The increase in the Company’s working capital surplus of $2,598,957 was primarily due to an increase in cash proceeds from private placements and warrant exercises.
Net cash used by operations for the three months ending June 30, 2018 and 2017 was $475,387 and $531,901, respectively. The decrease in net cash used for the three months ending June 30, 2018 as compared to the three months ending June 30, 2017 was primarily due to lower general and administrative expenses.
Net cash used by operations for the nine months ending June 30, 2018 and 2017 was $1,726,912 and $1,407,237, respectively. The increase in net cash used for the nine months ending June 30, 2018 as compared to the nine months ending June 30, 2017 was primarily due to a higher net loss for the period.
Net cash used in investing activities for the three and nine months ending June 30, 2018 and 2017 was $Nil.
Net cash provided in financing activities for the three months ending June 30, 2018 and 2017 was $630,000 and $451,000, respectively. The increase in net cash provided by financing activities of $179,000 was primarily due to an increase in cash proceeds from private placements and warrant exercises.
Net cash provided in financing activities for the nine months ending June 30, 2018 and 2017 was $4,512,060 and $1,295,500, respectively. The increase in net cash provided by financing activities of $3,216,560 primarily due to an increase in cash proceeds from private placements and warrant exercises.
Liquidity
The Company primarily finances its operations from cash received through equity private placements of common stock and through the payment of stock-based compensation. The Company believes its resources are adequate to fund its operations for the next 12 months.
19
Off Balance Sheet Arrangements
Performance Bonus Payable
In 2016, the Board of Directors authorized the Company to provide a performance bonus of up to 3% of the capital stock of the Company by way of the issuance of Rule 144 restricted common shares from its treasury to an as yet undetermined group of related and non-related parties upon the successful completion of a sale of the Company or a major licensing transaction, defined as a bonusable event. In order to provide maximum flexibility to the Company with respect to determining what constitutes such a bonusable event, the level of Performance Bonus payable, and who may qualify to receive a pro-rata share of such a Performance Bonus, the Company authorized full discretion to the Board in making such determinations. Since the Performance Bonus is only available upon the sale of the Company or a major licensing event, this potential transaction would not have a material impact on the Company’s financial position, revenues or expenses, results of operations, liquidity or capital expenditures.
During the nine-month period ended June 30, 2018, the board of directors authorized the increase of the Performance Bonus to up to 10% of the capital stock of the Company.
There are no other off- balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.
Impact of Inflation
We believe that inflation has not had a material impact on our results of operations for the three and nine months ending June 30, 2018. We cannot assure you that future inflation will not have an adverse impact on our operating results and financial condition.
Item 3. Quantitative and Qualitative Disclosures About Market Risk.
As a smaller reporting company, we are not required to provide the information required by this Item.
Item 4. Controls and Procedures.
Evaluation of Disclosure Controls and Procedures
Management conducted an evaluation of the effectiveness of the Company’s internal control over financial reporting as of June 30, 2018. In making this assessment, management used the criteria established in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission, or COSO. The COSO framework summarizes each of the components of a company’s internal control system, including (i) the control environment, (ii) risk assessment, (iii) control activities, (iv) information and communication, and (v) monitoring. In management’s assessment of the effectiveness of internal control over financial reporting (as defined in Exchange Act Rule 13a-15(f)) as required by Exchange Act Rule 13a-15(c), our management concluded as of the end of the fiscal period covered by this Quarterly Report on Form 10-Q that our internal control over financial reporting has not been effective. The company intends, as the company’s finances improve, to hire additional accounting staff and implement additional controls.
As defined by Auditing Standard No. 5, “An Audit of Internal Control Over Financial Reporting that is Integrated with an Audit of Financial Statements and Related Independence Rule and Conforming Amendments,” established by the Public Company Accounting Oversight Board (“PCAOB”), a material weakness is a deficiency or combination of deficiencies that results more than a remote likelihood that a material misstatement of annual or interim financial statements will not be prevented or detected. In connection with the assessment described above, management identified the following control deficiencies that represent material weaknesses as of June 30, 2018:
1) Lack of segregation of duties. At this time, our resources and size prevent us from being able to employ sufficient resources to enable us to have adequate segregation of duties within our internal control system. Management will periodically reevaluate this situation.
2) Lack of an independent audit committee. Although the Board of Directors serves as an audit committee it is not comprised solely of independent directors. We may establish an audit committee comprised solely of independent directors when we have sufficient capital resources and working capital to attract qualified independent directors and to maintain such a committee.
3) Insufficient number of independent directors. At the present time, our Board of Directors does not consist of a majority of independent directors, a factor that is counter to corporate governance practices as set forth by the rules of various stock exchanges.
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Our management determined that these deficiencies constituted material weaknesses. Due to a lack of financial resources, we are not able to, and do not intend to, immediately take any action to remediate these material weaknesses. We will not be able to do so until we acquire sufficient financing to do so. We will implement further controls as circumstances, cash flow, and working capital permit. Notwithstanding the assessment that our ICFR was not effective and that there were material weaknesses as identified in this report, we believe that our financial statements fairly present our financial position, results of operations and cash flows for the years covered thereby in all material respects.
Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the Exchange Act are recorded, processed, summarized and reported, within the time periods specified in the SEC’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed in our reports filed under the Exchange Act is accumulated and communicated to management, including our Chief Executive Officer, to allow timely decisions regarding required disclosure.
Limitations on the Effectiveness of Internal Controls
Our management does not expect that our disclosure controls and procedures or our internal control over financial reporting will necessarily prevent all fraud and material error. Our disclosure controls and procedures are designed to provide reasonable assurance of achieving our objectives and our Chief Executive Officer concluded that our disclosure controls and procedures are effective at that reasonable assurance level. Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within our company have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty, and that breakdowns can occur because of simple error or mistake. Additionally, controls can be circumvented by the individual acts of some persons, by collusion of two or more people, or by management override of the internal control. The design of any system of controls also is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Over time, control may become inadequate because of changes in conditions, or the degree of compliance with the policies or procedures may deteriorate.
Changes in Internal Control Over Financial Reporting
There have been no changes in our internal controls over financial reporting during the quarter ended June 30, 2018 that have materially affected or are reasonably likely to materially affect such controls.
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PART II—OTHER INFORMATION
Item 1. Legal Proceedings.
Other than noted below, there have been no material developments during the current quarter for our legal proceedings that were disclosed in our registration statement on Form 10 filed on April 22, 2016. For a full disclosure of legal proceedings, please reference our Form 10 registration or Note 12 of the Financial Statements contained in this report.
The Company is party to pending litigation cases as follows:
i) Locksmith Financial Corporation, Inc. et al. v Voip-Pal.com Inc. (Case No A-15-717491-C) filed in Clark County District Court (the “State Case”)
On March 24, 2014, the Company resolved to freeze 95,832,000 common shares that were issued to a company controlled by a former director (the “defendant”) in fiscal 2013 and accounted for at a cost of $1,443,000. The Company resolved to freeze the common shares as the Company believes that the shares were issued as settlement of a line of credit that the Company believes to have been legally unsupported. The defendant alleges that the freeze and the Company’s actions constituted fraud and a breach of securities laws. The Company denies any wrongdoing. Currently the State Case is entering the discovery phase of litigation and the outcome is undeterminable.
ii) Voip-Pal.com Inc. v Richard Kipping, et al. (Case No. 2:15-cv-01258-JAD-VCF) filed in United States District Court (the “Federal Case”)
On July 2, 2015, the Company filed a case against a former director, a shareholder and the company controlled by a former director. The Company alleges that the common shares issued in the State Case and an additional 7,200,000 common shares were fraudulently obtained and that the shares have been unlawfully transferred to other entities. The proceedings in the Federal Case have been stayed pending a final determination of the issues in the State Case. The outcome of the case is undeterminable.
iii) Voip-Pal.com Inc. v Apple, Inc. (Case No. 2:16-CV-00260) & Verizon Wireless Services, LLC, Verizon Communications Inc., AT&T Corp. (Case No. 2:16- VC-00271) in the United States District Court, District of Nevada
In February 2016 the Company filed patent infringement lawsuits in the United States District Court, District of Nevada against Apple, Inc, (Case No. 2:16-CV-00260), Verizon Wireless Services, LLC, Verizon Communications Inc., and AT&T Corp. (Case No. 2:16- VC-00271). These cases are seeking a combined $7,024,377,876 in damages. On May 9, 2016, the lawsuits were officially served to these companies. The proceedings in these cases are currently stayed, by agreement with the parties thereto, pending the outcome of two Inter Partes Reviews (“IPRs”), as noted below. The outcome of each of these legal actions is undeterminable.
iv) Voip-Pal.com Inc. v Twitter, Inc. (Case No. 2:16-CV-02338) in the United States District Court, District of Nevada
During the year ended September 30, 2017, on October 6, 2016, the Company filed a lawsuit in the United States District Court, District of Nevada against Twitter, Inc, (Case No. 2:16- CV-02338) in which Voip-Pal.com alleges infringement of U.S. Patent No. 8,542,815 and its continuation patent, U.S. Patent No. 9,179,005, This case is seeking $2,699,256,418 in damages. On December 28, 2016, the lawsuit was officially served to Twitter, Inc. It is anticipated that this case will also be stayed pending the Patent Trial and Appeal Board (“PTAB”) of the United States Patent and Trademark Office’s (“USPTO”) issuance of final written decisions in IPR proceedings concerning the patents-at-issue (see Inter Partes Reviews below). The outcome of this case is undeterminable.
Inter Partes Reviews
In additional legal actions related to Item iii above, two of the Company’s patents are currently subject to several Inter Partes Reviews (“IPR(s)”) before the PTAB. An IPR allows the PTAB to consider the validity of issued patents. There are no damages awarded, but a portion or all of a patent instituted for IPR may be invalidated as a result of the review.
During the nine-month period ended March 31, 2018, eight IPRs were in process at the PTAB, filed against Patent No. 8,542,815 and No. 9,179,005, as follows:
– Unified Patents Inc. (Petitioner) vs. Voip-Pal.com Inc. (Patent Owner) IPR2016-01082, reviewing Patent No. 8,542,815. On December 8, 2016, this petition was not instituted by the PTAB;
– Apple, Inc. (Petitioner) vs. Voip-Pal.com Inc. (Patent Owner) IPR2016-01198, reviewing Patent No. 9,179,005 and Voip-Pal.com Inc. (Patent Owner) IPR2016-01201, reviewing Patent No. 8,542,815, both instituted for IPR on November 21, 2016;
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– AT&T Inc. (Petitioner) filed IPR2017-01382 against Voip-Pal’s Patent No. 8,542,815, IPR2017-01383 against Voip-Pal’s Patent No. 9,179,005, and IPR2017-01384 against Voip-Pal’s Patent No. 9,179,005. Each of these six petitions were instituted for IPR by the PTAB on May 8, 2017; and
– Apple Inc. (Petitioner) filed IPR2017-01399 against Voip-Pal’s Patent No. 8,542,815, and IPR2017-01398 against Voip-Pal’s Patent No. 9,179,005, which were also both instituted for IPR by the PTAB on May 8, 2017.
During the nine-month period ended June 30, 2018, on November 21, 2017, the PTAB issued their Final Written Decisions on the seven active IPRs being adjudicated, denying all claims made by the Petitioners (Apple Inc, and AT&T Inc.) in all seven instituted IPRs, upholding the validity of the patents, which validity had been challenged by the Petitioners. Subsequent to the Final Written Decisions, the PTAB is considering a motion for sanctions against the Company brought by Apple, Inc. While there is no appeal allowed in IPR proceedings, Apple’s post-judgment motions seek invalidation of certain of the patents or a new trial in the alternative, as a sanction against the Company for alleged misconduct during the IPR proceedings. The outcome of the Petitioner’s motion is undeterminable.
Item 1A. Risk Factors.
As a smaller reporting company, we are not required to provide the information required by this Item.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
The transactions described in this section were exempt from securities registration as provided by Section 4(a)(2) of the Securities Act for transactions not involving a public offering.
During the period ended June 30, 2018, the Company issued 87,345,500 common shares priced at between $0.02 and $0.06 per common share for services valued at $2,818,330.
During the period ended June 30, 2018, the Company issued 118,121,352 common shares priced at $0.02 per common share pursuant to the Anti-Dilution Clause for an aggregate value of $2,244,306.
During the period ended June 30, 2018, the Company issued: i) 101,803,749 common shares priced between $0.015 and $0.06 per common share for cash proceeds of $2,939,060 from private placements of common shares; ii) 6,306,000 units at $0.0125 per unit for cash proceeds of $103,120, each unit consisting of one common share and one common share purchase warrant, each warrant allowing the holder to purchase one common share for $0.04 for a period of twelve months from the date of issuance; and iii) 38,725,000 common shares at $0.04 per common share for cash proceeds of $1,549,000 on the exercise of 38,725,000 common share purchase warrants. These transactions were exempt from securities registration as provided by Regulation D of the Securities Act for sales within the United States and by Regulation S of the Securities Act for sales made outside of the United States.
Item 3. Defaults Upon Senior Securities.
None.
Item 4. Mine Safety Disclosures.
Not applicable.
Item 5. Other Information.
None.
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Item 6. Exhibits.
Exhibit Number Description of Exhibits
31.1 Rule 13a-14(a) Certification of CEO Filed herewith
31.2 Rule 13a-14(a) Certification of CFO Filed herewith
32.1 Section 1350 Certification Filed herewith
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SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
DATED: August 13, 2018 By: /s/Emil Malak
Emil Malak
Chief Executive Officer
DATED: August 13, 2018 By: /s/D. Barry Lee
D. Barry Lee
Chief Financial Officer
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the Kipping kaper
THAT IS ALSO , ALMOST MY UNDERSTANDING
IS THIS THE SAME 10X POTENTIAL VPLM SHARE SIZE GERMAN PROJECT WITH 5 CANCER CURES PUT FORTH BEFORE DECEMBER 2012 ?
August 7th, 2018, 8:43 pm #1
UNITED STATES PATENT AND TRADEMARK OFFICE ____________
BEFORE THE PATENT TRIAL AND APPEAL BOARD ____________
APPLE INC., Petitioner,
v.
VOIP-PAL.COM, INC., Patent Owner. ____________
Case IPR2016-01198 (Patent 9,179,005 B2) Case IPR2016-01201 (Patent 8,542,815 B2) ____________
Before MARIA VIGNONE, Supervisory Paralegal Specialist.
VIGNONE, Supervisory Paralegal Specialist.
The Board is in receipt of one or more communications that may relate to the above listed proceeding(s). These communications have not been properly filed as authorized papers in this proceeding and, as such, will not be considered. However, because these communications potentially relate to or advocate positions in the above listed proceeding(s), the Board is making these communications available under seal to the parties. See Ex. 3009-3015. The parties may contact the Board at Trials@uspto.gov, should they wish to discuss the matter further.
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Green Back Club
Posts 680
August 8th, 2018, 9:17 am #2
I wonder when these were received and who sent them....
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