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who is your broker? and you telling me you gave them shares certificate and they traded your shares? Interesting. Do you want to buy my share certificate. I will be glad to sell it to you for 18 cents. 20% discount - since you are able to trade it with your broker.
Right on. There is a chill on this stock since 2011. I hope you know what it means. Call you broker and ask why these shares are traded from offshore brokerages like Gibralter Global Securities and Titan International (belize and Bahamas). I am sure someone is watching this thing under the microscope. I also wonder why the company attorney stopped issuing "Letter of Opinion"?
If you hold shares certificate in this company it is WORTHLESS. You cannot sell your shares.
DTC may chill or freeze a security when DTC becomes aware or is informed by the issuer, transfer agent, federal or state regulators, or federal or state law enforcement officials that an issuance of some or all of the issuer’s securities or transfer in those securities is in violation of state or federal law. If DTC suspects that all or a portion of its holdings of a security may not be freely transferable as is required for DTC services, it may decide to chill one or more of its services or place a freeze on all services for the security
New CEO Dr. Sawyer. Now this is good news. Its about time. To be honest the former CEO seemed to be lost. This is indeed good news.
You must not be aware of the PR the company released claiming to be in discussion with fortune 500 company interested in acquiring the company. I do not know any serious company that puts out this sorts of PR. Just stating my opinion.
You must be connected to the company and great to be a moderator too. great way to promote your interest.
I am speaking of facts in the public domain. There is a lawsuit against the company. I am not making judgement in regards to who is right, credible or not credible. I also think that your allegation are one sided because background check does not show any conviction so where are you getting this info from? you choose to ignore that vplm has been involved in several lawsuits in the past (taylor Took for example). Stick to the facts.
I find it amazing that a company spent considerably amount of time talking about buyouts.
Facts remains:
This company makes no rev. You cant compare the company to others company that has revenue. Vonage were sued and agreed to settle. Supposedly all mobile operators are in violation however not a single operator is ready to settle the infringement. I do find it odd. Too much discussion on buyout and price tag. Like i said i have not come across any company that spend so much time on discussion.
I apologize but lets look at the facts.
1. They issues PR claiming fortune 500 are interested.
2. No revenue so you cannot compare it to other companies making revenue.
3. I have never heard conf call where the directors talk about buyout rumors and potential value. this makes the company looks cheap and desperate. They have just lowered any potential buyout price by looking desperate.
Whats next ? just wait and hopefully they get an offer?
Conference call.
I have never heard a conference call where owners of public company spent great deal of time discussing buyout rumors and potential price. Remember few months ago they had a press release and talked about fortune 500 interesting in acquiring the company. Well the patents are here...what is the hold up.
These patents are probably not worth used toilet paper. I would think VPLM would need to sue patent infringers and this could take years to go to court. Hope you have all read the financial report. Lots of revenue for this company (NOT). Look at the share issuance options at 0.00X issued price to insiders. Looks to be insiders are doing a darn good job.
last but not least this company has fraud allegations and trial coming soon why would any company but liability.
Despite the hoopla guess what the stocks is not moving. Aint no love in the heart of the street for vplm.
IMO.
The only background i am concerned with are fraud (spec) mentioned there are serious fraud indictment. He has not yet posted the person involved other than that i don't care about misdemeanor petty stuff. DUI and Urinating in public is a crime.
who carse, not relevant here. Remember trayvon allegedly had drugs in his system it was not allowed as evidence to the case (drugs tends to make people aggressive).
To answer you question I stated if these allegations are true and indeed there are evidence then in my opinion VPLM is in big dooo dooo.(remember these are my opinion).
To be honest i think this case is going to court (less than 6 months to trial). From what i have gather bleam is not interested in settlement. this is a case is about wrong and right and the jury will decide that.
gentlemen we still have freedom of speech despite NSA interception and Legal Intercept. Glad i can still speak my mind and opinion.
Stack up the chips and roll the dice.......
(remember these are my opinion).
have you read the complaint? VPLM claims of other ownership.
Why is there default by vplm against those two that made the claims of ownership by vplm (makes no sense)
Who is platinum tribe, what is platinum tribe role in this?.
Did vplm really had services and it was not shutdown by sasperbox for nonpayment prioir to the merger?
Are there offshore account numbers and offshore companies to sell vplm shares with direct knowledge of insiders?
I am sure there are many insiders on this post yet everyone deviate from this questions in the complaint. Why is that?
So far i have not seen any allegation of scam by bleam other than the claim vplm made in the complaint which in my opinion it seems to be invalid (because they have default against those two claimants)
I rest my case.
I am not making character accusation. I am speaking of the facts on what we know in the public (the lawsuit). You or someone brought up character assassination which I think it is irrelevant. I am not concerned with kippings, chang, assifuah or russells past. I am only concerned with the current case and allegations.
bottomline i think this case is dirty. I don't think vplm and kipping has clean hands in this. Russell and Assifuah seems to be confidant and adamant with the case according to the complaints and allegations and wants to go to trial. You have ignored everything but constant mentioning of the parties background / past. This is not affirmative defenses it is character assassination.
I suppose you are investing in the characters rather than the company. From what i have discovered so far VPLM past dealings is questionable and this will surely come back to hunt the company. Sure the guys may have past history never the less it does not change how the company behaved in the past. As a moderator I think it would be wise to stay on topic and lets talk about the company, dealings etc not personal characterization.
If this company is really worth a billion dollar i will bet that there are going to be more legal problems based on the allegation.
More money more problem my friend. This is just the start in my opinion.
How is this relevant to vplm case and defense?
You speak of character however you also fail to address any of the allegations with the offshore companies, selling shares, misleading and intent to defraud?
Do you think this is OK to their character? Do you realize this is a public company and these are serious charges (if indeed there are evidence of insiders and offshore trading)?
Catch you guys later.
exactly. I like you Sir henery8th you are on point. i find it how the board thinks perhaps one of the guys have some sort of battery charges or conviction is detriment to vplm defense (really). It is not like vplm et all were physically battered. Oh your honor you cant trust bleam and the founders because they have battery charges. really?
Anything other than fraud, securities fraud is irrelevant in my opinion. DUI is a crime is this relevant to a civil case?
Off topic, i also think investors are aware of these allegations and it is most likely the reason the stock is not moving past 0.07.
well gentlemen i think we are off topic. My DD reveals exactly what i posted.
VPLM says those guys stole the company. The two guys that made the claim vplm has default against them pointing to the fact that these claims were baseless and they are not helping vplm in any way or form. I am not sure of any other defenses to defend the case.
Bleam on the other hand states lots of claims and state each allegation will be proven with evidence.
Its fact vplm has default against those two
its facts bleam has default against platinum
its fact bleam countersued vplm and platinum and kipping for fraud.
What is the point in deviating from these facts?
Personally i find it weird that vplm has default against those two guys. if someone come over to you and claimed the company you just acquired was stolen. This guy is your key to your case why would you have default against this person. There is something rotten here my friend.
Make you own decision / judgment on the facts. I am sticking to the facts and information available out there.
I also read shortly before this merger in PR vPLM announced parting ways with sasperbox. If this is indeed true that vplm lied about their services and assets when they had nothing then hmmm this is a big dooo dooo in my opinion.
I did check on that and I do not see any history. Are you sure there are convictions? Arrest is not necessary and conviction. Maybe you want to tone it down and avoid getting yourself linked with this phantom of the opera case? The main players as I see are
Assifuah, Russell, Kipping and Chang - please run a background check and post all results.
I find it funny. Its all about what you can show and prove. If there are overwhelming evidence i don't see how a court is going to say buddy you have a record so i m not going to take u seriously. That's not how the justice system works.
Who are they other players that have fraud indictment? other than what you have posted?
Have you run a check on Kipping, Chang, and the two others?
I am here to talk about the company and the pending case and not into digging into peoples personal past. While you are at it please run background check on all parties including Kipping, Chang, Russell, Assif, Bletmitsky and Kornlite too. (all parties).
Could u please provide the name of the player indicted on fraud charges?
There are two sides to every story. This is what I have discovered. These are my personal opinion and understanding of the situation. I am not trying to upset or distort any information. Please post your findings so we can get a better picture
VPLM side of the story (claims)
#Mr Francis and Mr Russell stole Bleam and sold it to VPLM. Because of this VPLM and Kipping refused to abide by the terms of the agreement. Supposedly the other owners were bletnitsky and kornlit they refused to officially state their claims so vplm got default against these claimants. I suppose there is no evidence to the claim
Bleam Side of the story (claims and allegations)
Kipping/VPLM approached Bleam with this offer: Platinum Tribe will invest (cash) ONLY if you agree to sell to VPLM. After the agreement platinum tribe defaulted yet Kipping and VPLM forced Bleam to sell to vplm.
#Bleam response to vplm claim above - ridiculous, excuses and misleading. Kipping/VPLM knew of these frivolous claims by these individuals. VPLM and Kipping assessed the entire deal and in writing agreed to move forward with the deal (there is evidence).
The allegation against VPLM/Kipping:
Creating offshore company solely with the intent to defraud (because offshores are outside US courts jurisdiction) is fraud
*Misleading bleam about your assets when vplm services were shutdown by sasperbox months (nonpayment) prior to the deal is fraud
Hearsay excuses to avoid making dues on your agreement is breach of contract
Intentionally issuing press release to manipulate the stock price is fraud
Using company money to pay Kipping production companies for illegitimate services rendered is cooking the books and fraud.
Inflating acquisition price and recording them in the books purely for the purpose of manipulating assets is fraud.
Engaging with offshore companies and trading firms to sell vplm shares as insider is fraud
Allowing non-affiliated member to control day to day operations of public company is breach of fiduciary duties
*Bleam claims vplm had ZERO everything yet deceived bleam during the merger. Bleam had IP voip platform, profitable, no debt and positive revenue and 50K customers
Bleam were looking into listing on the stock market. Bleam says VPLM had 0,0,0,0 vs Bleam had real assets. If anything Bleam should own majority of the combined company. Far-fetched however it could be interesting if you get the right verdict/judge.
The defendants have evidence to each allegation and will expose the truth in court.
Conclusion:
VPLM has default against the two guys claim to own bleam (not Russell and Assif)
Bleam as default against Kipping company Platinum Tribe (The offshore company)
Bleam countersued Kipping and VPLM and this matter is set for trial early next year.
There are lots of info on the complaint. Just contact the the bleam guys bleamventures.com. Compare it with vplm response. I applaud you for doing your own DD.
the stock is up 0.70% I would expect the stock to be trading at .50 cents with the recent approvals right?
VVVVVV You have to do your own DD. The DIGI acquisition is recorded as 225K by the company http://www.otcmarkets.com/financialReportViewer?symbol=VPLM&id=104529
assuming shares were issues at 0.05 cents that makes it 4.5m shares.
I cant find any explanation for the massive dilution. I am eager to go through the next financial statements however I doubt there is going to be valid explanation. My opinion is these share increases are direct benefit to insiders.
The tiger may have change it stripes looking like zebra but it is still a tiger disguised as zebra. (more accurate to say a sheep in wolf's clothing).
Let me point another fact:
Oct 19th 2012: 30M shares issued to Locksmith Financials at 0.002 cents for debt settlement? Details never released.
Mach 12 2013
Company buy back 9M shares at 0.04 cents from Locksmith financials. Why? is a company buying back shares when it is raising money to survive? Buyback is only a good strategy when u have surplus of cash and we know this company does not have cash. Looks to me like another beneficiary deal.
Fact: I also read locksmith financials is Mr Kipping company too. Someone made whole lot of cash. Now is this even legal?
These sorts of things makes me believe this entire patent deal is structured to benefit insiders.
Now I also read on the financials the DIGI deal is recorded as 225K. Now why is the company authorizing 500M shares which amounts to roughly $45M worth.
Guys I am just saying i see the same old same old.
I strongly disagree. What is the excuses for 16 years of operations no revenue? Don't tell me that they were making plans to buy patents and it took 16 years to do so. Well time will tell. This company is in dooo doooo. The same hype is now re-employed with the patents by the company. Remember all the hype PR about Antivirus, exchange points for free calls, sales chanel to India worth millions? coming to find out the domain and site is belongs to the ex CEO wife. Hmm I wonder
Where is the credibility ? this is comical in my opinion.
But anyways good luck my friend. You should buy buy buy if you believe this billion dollar in the making.
The company can never release the restrictions on the stocks. Those stocks are restricted sec 144D. You need attorney letter of opinion to remove the restrictions. No Attorney can do that because the company has never filed S1 registration. So far the only brokers that would accept and trade those shares certificates are offshore market makers well beyond the rules of the SEC. Go figure
Does not really matter what i think. Facts are facts.
1. The company has never made more than 1000 per year in rev.
2. Highly questionable how the company raise investments at 0.001 share issuance never disclosing how much it raised.
The patent maybe worth a value or not but giving the past non-transparency with this company i believe the only people benefiting are the insiders. The avg investors get the wrong end of the stick.
First of all the patent must truly be worth some value, secondly the patent must be in used by other huge telcos which would violate vplm patent. so far i do not see any of the above.
Nortel, cisco, siemen, qualcom, and all the major telco have their own patents. NSA went straight to Google, Skype, Fb etc.
I have not heard of NSA approaching vplm so why would that change. Which company do u see using or paying for vplm patent.
Patent itself is not enough VPLM will need to deploy its VOIP software and services and must have massive volume of calls for anyone to approach vplm.
What good is vplm patent when it is not in use by the general public. 0 voip volume call means NSA is going to track 0 activities with vplm patent.
I think the company is hyping these patents. (In my opinion).
I am confused how all these readily available info is disregarded and all we hear is 1 billion dollar buyout.?
16 years the company has never made more than $1,000 in revenue per year. Lets not forget the facts.
History speaks for itself. Go to OTCMARKETS and review the shareholders list in the fillings. Half of the company shares is issues to Mr. Kipping at 0.001 cents - whom is also sued for fraud along with VPLM. The other half of the company is issued to offshore companies in Beliz, Caymans and Bahamas. I also find it interesting that the CEO Mr Chang is running the company uncompensated has not been issued shares for his time and efforts.
Who wants to work for free
There is more behind the scene and we will never know because this company is constantly involved in these sorts of back door dealings (In my opinion).'
I now wonder why they choose unaudited financials. There are not real operation in the company an audited is $1500 max in costs.
Serious audit will surely raise questions.
Increased on authorized shares means they are going to increase in float and outstanding shares. Look at the past financial statments, shares were issued at 0.001 cents when the stock traded at 0.05 cents. This is massive dilution. Do the math. It is pure profit for the shareholders not investors. This company is the best scam since madoff.
isnt that funny. The only people benefiting from this sorts of massive dilution are the deal makers. cant wait to review the share issuance list, who got what and for what. Everything about this company is questionable. wondering how much shares vplm is giving to the BOD?
1 patent should be enough to gather interests of large investors and equity traders but i don't see any serious investment trades. please tell me i'm delusional and on crack
Let just say I have done my DD well. Do you think this company is going to be bought out when the company is sued for fraud and seeking major damages potentially huge chunk of the value of the patents - the only assets this company has?
If you believe you should be buying millions of shares unfortunately the volume of trades indicates no buyers.
131K volume traded - $8K worth of trade. Wow this must be a record for a billion dollar company with world class patents. Must be the calm before the storm huh? I hope you guys are buying. Once again I will get in at 0.01 cents. This stock will never ever see 0.10 cents again. I think most smart investors are aware of the ill-dealings and will not get into this thing.
lawsuit is one thing. I would be more concerned of what type of evidence comes out of this case in relation to stock fraud. This could open the door for many more lawsuits and possibly authorities investigating the company.if that happens you can kiss this company good bye.
1. Your not reading it right. The defaults are against those guys that claims to own bleam claimig the owners sold bleam without their consent. vplm sued those guys, those guys basically refuse to deal with vplm so vplm got default against them (the guys that claim to own bleam)
2.vplm and kipping and his offshore company platinum tribe refuse to honor the deal because of those guys listed in item 1 above. Others says it is just excuses and intent to defraud bleam and vplm and kipping new of those allegations and agreed to move ahead with the deal in writting.
3.The real owners of bleam countersued vplm, kipping and his offshore company platinum tribe for fraud.
the bleam guys got default against kipping company platium tribe because kipping refused to address the complaint.
4. the countersue against kipping and vplm is going to trial and i would tend to believe the bleam guys refuse to settle out of court rather wants to exposed the truth.
I not sure how vplm and kipping is going to defend this case when supposedly those guys that started this "they stole our services" item 1 above refuse to be part of this and have no evidence.
in my view its a hear say. hey guess what i own 50% of google, sorry my word is bond i have no documents either to back it up. yet somehow this statement is considered to be valid? maybe the courts in zimbabwe may see this valid but not the courts in the great country of USA.
This case is more interesting than days or our lives and phantom of the opera:)
Look up the case A-11-653334-C
Nevada - Eight District Court. Find legal document retrieval online.
Get the fillings. Look at the allegations
Certain people seems to be defending this allegation.right is right and wrong is wrong.
Hope you guys are buying - another down day for this stock. this company is shadowed with fraud allegation and smokescreen dealings sorry this stock is not going anywhere!
Major Inconsistency brought to light. The press release states it was share purchase of digi. However the quarterly filling statements states cash and share purchase, secondly how much shares were issued for the purchase? These should be public info. no transparency.
lawsuit is lawsuit it shows the mindset of the parties, intent to commit fraud or just breach of agreement?. were there securities fraud committed? if so you can kiss this potential billion dollar company good bye. simply put there are so many unanswered questions.
why are there so many offshore companies as shareholders, mr kipping has been issued majority of shares in the company however not a single disclosure on how these shares were issued. example the company raised 50k cash for shares at x.xx price. None of these info are disclosed. makes sense why the financials remains unaudited.
I 'll get in at 0.01 cents, seems to be heading down south anyways. Hope you are buying at these prices.