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Precisely. It's a process. Fun to watch - more fun to profit from.
I would disagree. The previous conference calls were informative and laid down the very foundation for where we are today. It has been a slow process - these things always are. IMHO, the only thing I may have lost along the way are unrealistic expectations and hopes for a quicker resolution. Did they not lay out this very course of action as a possibility well over a year ago, and then methodically, if painfully slowly - make their way here, where they stated they would go?
I will wait, and continue to be pleased with the gains I've made, and realized by having the time to move positions with this stock for several years now. Enjoy, y'all.
I think if they serve today, it won't show up anywhere until at least Monday. I think there will be some speculative buying today - and if there's no notice posted by Tuesday, there will be some trouble in penny land. We'll see - I think they'll serve. It doesn't "serve" their interests not to. IMHO
Tinfoil hat - lol! Thanks for the levity - we can use it here :) I tend to agree with your assessment.
I see your point, but disagree. The defendants are going to try to capitalize in court on discrediting Voip-Pal and coloring it as a patent troll. They will try to get the court to see it that way and color every decision the court makes through those tainted goggles. That matters.
Restoring legitimacy methodically after an unfortunate circumstance with former board members is important, for that purpose.
Also, I don't see this as being resolved any time soon. This isn't going to be a one hearing trial. The big guys will see to that. They will have to work - for months or years to get this resolved. All the while, if 60 days from the filing, VPLM goes from pink sheets to fully reporting, the level of trading, speculative investment from a larger audience can make an extremely big difference for today's investors while this process ensues, and may even create a level where many of todays long term investors recognize a suitable profit, so they can take their gains, and let others play the hold and wait game. Personally - if we can get back to the .35 level, I'll be tempted, because this is a long game, and other things I could be doing with that cash to turn it several times in the time it takes to wait this one out. There's no realistic scenario where Apple just comes to the table and pays X tomorrow, in my humble opinion.
A few thoughts -
Following through on uplisting, and becoming a reporting stock is good - 1. It builds credibility, that the BOD is keeping on track of previous announcements/commitments to stockholders
2. Likely a very good move should the lawsuits be served. In any court of law not only the merits of the case, but the character and pattern of behavior of the litigants (intent) is germane to the case. A move towards legitimacy likely was strategy encouraged by the attorneys in this case, possibly even a requirement of them taking it on contingency.
It is progress that the case against Kipping,et al has survived a motion to dismiss, and remains in process. But not conclusive by any means.
I see absolutely no benefit of waiting to serve - there are any number of settlements that take place in the midst of litigation. The service, as someone pointed out, will cost less than $100. I say we roll that particular dice, gentlemen.
Another possibility for delaying service "might" be - gee, we're working on some issues with registering the stock in our 60 day window, and have decided, in the interest of not wasting the time of the court to re-file once our stock has been properly registered.... Yet another delay tactic -one, from my skeptical brain side, is fairly predictable. This BOD has managed to inch forward, in progress in a painstakingly slow pace while issuances of stock and compensation for those inside the bubble hasn't exactly marched forward as slowly, from a look at the financials. Nice work for those who can get it... I remain undecided on where I stand at this point. As PPS demonstrates, I am not alone.
Thank you GBC :)
So - what are we, about 17 days from the deadline now? I think I lost count somewhere - can anyone confirm?
Having been involved in some mergers like this, it has been my experience that leaks don't happen. Leaks are planted strategically. I can't see any advantage to Apple or anybody else leaking their intention to consider Voip-Pal. In fact, quite the opposite. Voip-Pal isn't going to leak because it would be dangerous to their interests to do so.... just MHO
Thank you for this - can it be a sticky? I'd like to be able to go back to this one and read again as things develop.
Thank you! - and I believe - this may need verification, but I have heard news interviews where Malak has stated that he's been part of the development team long before the Digifonica acquisition - from the start of the patents, which is why he was present and part of the acquisition. That's not a Troll. A Troll company is when disinterested opportunists see patents available for sale, then buy them for no purpose but litigation. What happened here is a real development company ran out of funds during R & D - and had to reach out to financiers who believed, and would continue their development. Pure and Simple.
To characterize this as trolling is like saying the Mona Lisa was painted by numbers. Not even close.
And pardon me for questioning the similarities - but can you explain to me why one should believe as irrefuted gospel the words of a movie studio, in the story you've presented here - words of a studio whose best interests are served by discouraging anyone in the future to believe there is any chance of success, whatsoever, in pursuing a claim like this - versus the more logical explanation of the course of events given in the more recent interview?
Do you honestly believe that no money changed hands, and a settlement out of court that specified a non-disclosure agreement of a very specific nature is not the MORE likely case of the actual events?
Which is more likely? That a man spent years, and a fortune, providing evidence - knowing that his submission to Cameron of his own work years earlier, was, in fact, never refuted, and that there was such an amazing similarity that even a novice could see that... and then, after all this work, and attorney fees paid, he simply gave up and said, no thank you, I'll not have my day in court, afterall, which I've already paid for? No - that, in my opinion, is a fantasy and a stretch of a story that I, personally, cannot buy into. I also have a hard time believing everything we're spoon fed from Washington - but I digress...
Yes I believe that the VIRNETX litigation will provide all manners of foundation and revelation that VPLMs lawyers will find most useful in court . Apple, as we have seen can stand firmly in a position of "you're crazy, we're not infringing, I don't have to tell you why, and you can't make me" for a very long time - However, fortunately for us, many of the similarities and revelations in the testimony they were, in fact, forced to make public in that case will be most useful pieces of the puzzle that will assist this litigation.
It's no coincidence that VPLM is just now moving forward with these lawsuits - previously, there was too much legal ambiguity to risk a suit with these particular players. Now VPLM's lawyers have much more to work with in court, being able to feed Apple, et al's words back to them.
My Humble Opinion, over which, I am cautiously optimistic at this point. And I'll go ahead and remind naysayers - Voip-Pal is not a troll. Troll is a nasty little word that the big guys like to throw around and misuse regularly. Voip-pal is not some wealthy group of investors and shark lawyers with no connection to the actual telephony industry that saw some advantage in buying up patents. People can say so all they want. It doesn't make it any more true. Apple, et al - this is a legitimate claim: deal with it.
Well said -
I haven't touched a share in over a year, and frankly had given up on the actions of the board.
I'm happy to have been proven too cynical about what might have been going on behind the curtain. It seems I don't know everything, afterall - This move has me feeling refreshingly youthful! Still some surprises ahead.
My plan is to continue to hold and add shares in the dips - which there WILL be, as human nature isn't one for patience. Perhaps we'll share a cup of cheer at the finish line one day -
AAAnd ... they did the same thing with Virnex -it's their Modus Operandi - Just like big oil companies cut corners, and know they are endangering the environment, and will, eventually be caught and fined - but in the meanwhile, they rake in far more profits even net of the fines than they would've by doing nothing at all.
This is corporate greed - not a shakedown. They will ignore legitimate claims until they cannot any longer - then they will pay - but they still net profit. That's the equation. That's the corporate policy of all of these large tech companies. History repeats itself - it rarely changes.
VPLM will still be a long hold of value. It will, very likely, pay...eventually. But we have time...far too much of it, I am afraid...before we see any sort of settlement.
The late, great Glenn Frey said it: "Old Billy was right: let's kill all the lawyers - kill 'em tonight"
Yep! :)
You can find them here:
https://www.pacermonitor.com/public/case/10694512/VoipPalcom,_Inc_v_Apple,_Inc
You can get a monthly subscription, or you can buy one document at a time, for $5 - A small price to pay when inquiring minds want to know... :)
Agreed - but a successful idiot, nonetheless
Well, Voip-Pal you now once again have MY attention :)
For anyone who hasn't seen the brief yet - I'll let you know - it was filed by Alverson, Taylor, Mortensen and Sanders
http://alversontaylor.com/
From their website:
"Alverson, Taylor, Mortensen & Sanders (ATM&S) was founded in 1977. The firm began as a partnership between two friends and former schoolmates, Harry Reid and Bruce Alverson. Initially elected to Congress in 1982, Mr. Reid went on to become Nevada’s Senior United States Senator."
This is a Martindale-Hubbell AV rated firm - I would expect no less for a lawsuit against Apple, Inc. Well played, Sirs... well played. Hang on for a wild ride!
I've never said these patents weren't real. I have said that I didn't like the way the BOD was handling the investors, and one has to admit, we went through a pretty rough patch. That patch seems to be behind us, the issues with the outstanding shares in question, from the individual whose lack of ethics has long plagued this company seems to be, after literally decades of his antics - resolved, once and for all. Since that happened, we've seen movement, progress, and the logical kinds of events in succession that we "should have" been seeing all along. I don't believe they haven't been able to sell them - I believe that there were logical obstacles in the way to monetization, which have now been removed. The patent suite is complete, lawsuits behind us. Time to see the green.
I'm ready for my payout, and glad to see VPLM back on track.
Your mouth to God's ears! Hope you are right -
Interesting article:
http://www.courthousenews.com/2015/07/08/voip-company-says-former-execs-rolled-it.htm
Provided some details I was not aware of. An interesting read... It would appear, for better or worse, VPLM has now tipped it's hand, and made a commitment to move forward and stop this stalling business. Will this pan out, and the company get sold? It's possible. Will we, instead, see yet a new, and more creative crisis appear after a good run on pps? Also quite possible. VPLM and what I see as a lack of proper information and at least the "public" side of handling business has left many of us questioning the legitimacy and value of the claimed patents. Or possibly the lack of leadership to get anything of value actually done. I'd like to be wrong about that.
For better or worse - we're off to the races now!
http://www.tmcnet.com/channels/voip-switch/articles/330912-voip-palcom-demos-lawful-intercept-technology-proprietary-voip.htm
Having been watching this board for several years - I'm experiencing that so much has been talked about, so much water under the bridge, that often the memory of events gets shifted into hearsay and fairytales. I'm not going to say, one way or the other, that Voip-Pal will produce the gains we have been hoping for - I will say, however, that the testing did take place, and that isn't just a rumor, for the record.
The Voip-Pal site states:
In an attempt by Locksmith Financial to unfreeze the shares a suit was filed by them in Nevada state court vs. Voip-Pal, (CASE NO.: A-15-717491-C). On July 7, 2015, Locksmith’s complaint was dismissed for failure to state a cause of action. Locksmith was allowed one day to file a new complaint which they did on July 8, 2015. A hearing to determine whether the new complaint states a cause of action has been scheduled for July 29, 2015.
I have not been able to locate any information using that case number to find out the results of the July 29th hearing, or even if there was a hearing. Anybody have any updated information on that?
I've been their biggest fan and believer, but at a certain point, a legitimate company needs to act like they want to be taken seriously. You don't have to be selling websites to know it's good business to at least have an accurate and updated one. Especially when one is asking investors to entrust their funds with them...just my observation and personal opinion
On the website. If a company bothers to give bios on it's board of directors, and one of the directors is switched out, one would think that a prudent company would update it's website. That's all I'm saying.
Emil Malak is nowhere to be mentioned, yet he's been appointed to the board of directors, and named CEO... I think that's a material fact...
http://markets.financialcontent.com/prnews/news/read/28557402/dr._thomas_sawyer_steps_down_as_voip
I have a very hard time believing that a company, who may or may not have received any letters, which, while the bod found terribly exciting to announce, yet has not found interesting enough, lo these many months, to update stockholders on...
might take a company too seriously, when they make an announcement about a significant shift in leadership, yet, 5 months later, has failed to include the correct information, that matches their announcement on the bios of their own website.
Perhaps if Voip-Pal began acting like a real company, they would be treated like one. Just my humble and fed up opinion...
We'll have to agree to disagree on that. This isn't a scam -it isn't a fraud - it is a real business venture in development stage, so of course it has no revenue. Where it's floundering is that the majority stock holder, wisely, was kept on the sidelines, not running the show, up until recently. Everything that has happened in the past 6 months has been directly related to a power play by Malak, that has been in the works for some time. You would have to know at least some the players personally to have observed that from the periphery. There isn't any news on that. But for those with a cat bird seat (not inside info, just the ability to observe the players...) they know this is true. Look deeper into the shares in question situation, and you'll find Malak's greed all over it.
The investors need to send a message - Stop the games, and sell the damned company.
I never said it was fraud. I don't believe it is fraud - in fact I have very good reason to believe it isn't. What it IS, however, is negligence, at this point, by leadership that has taken an unfortunate turn for the worse, and has lost it's way, mired in unrealistic greediness. That, IMHO is what has been transpiring over the past 6 months. I didn't buy a ticket to take a ride on Mr. Malak's wild, highly unrealistic ride. It's time to accept whatever offer has come forth. It may not be the "homerun" he's waiting for - but to fritter away reality while waiting for fantasy is highly irresponsible to the stockholders.
If Malak has some "goodies" of information that would prove this standpoint incorrect, then, please, by all means, share it. The natives are more than restless.
Yes. Here's a message for Inza, and the current BOD - whomever they may actually be...seeing as how, we, as investors, have no real way of knowing that it seems:
If you want to run a private company, and have no input from stockholders, and no responsibility to communicate with stock holders, then raise your own money, and don't have a public company. That isn't what you did - you have received investor's funds. You have an obligation to communicate with those investors. A reasonable amount of time for reporting back on announcements and progress such as:
1. Whatever happened with Southbank?
2. Did any letters to infringers go out? If so, what responses or results can you report?
3. Who is in charge, and if it isn't the current people on your website, why not?
4. What is the status of the multiple offers you mentioned in the conference call?
As I was saying, a reasonable amount of time to respond to these questions has LONG passed. Those open questions are just a few. Who's ready to chat with the SEC?
It's time for news. Real news, not "gee our invention would've saved the world, if it only had the chance" kind of news. That isn't news.
I have been an ardent supporter of this stock. But don't expect your supporters to stay on board when you change directions and stop communicating. Up until last year, about this time, we had regular progress updates. There was communication following up announcements, until whatever was announced was either dead in the water, or successful. This company made a number of representations in the 3rd quarter last year - in the conference calls. Where is ANY of the follow up, progress reports ? Where can we see this company even making any effort to update it's own website? Why is Colin Tucker still appearing as Chairman, and no mention of Emil Malak anywhere near the bios?
What kind of arrogance leads a company to the erroneous belief that keeping investors apprised of current developments, and doing even the most basic housekeeping in a corporate structure is not their problem nor priority?
A very sad state of affairs. Am I now to believe that this company, who can't be bothered to properly communicate with it's investors can be trusted to be dilligently, and productively pursuing monetization? Show me the money.
There's no news. Not negative. Not positive. Sunspotter is correct about one thing, penny stocks are more risky than big board stocks. That's a given. One shouldn't be putting one's entire fortune into a single pink. That's insane.
That being said, pinks do, can, have and will continue to make investors big profits. They do it differently than the big boards do, however. Rich Inza specializing in pinks doesn't make him a nefarious character. It makes him a specialist in his chosen field. That's not a bad thing.
Everytime there's movement, somebody cries foul. Movement happens. Manipulation while waiting for something real to happen, happens. My advice - chill. If you're ok with the fundamentals, and haven't made any life altering decisions to invest - meaning, you haven't bet your lunch money on the stock, and you're going hungry over it - just have a little faith and patience, and don't fall prey to those who'd manipulate you based on fear and hype.
When there is news - you'll be the first to hear about it. Till then - nothing but games.
When you're a hammer, everything is a nail. If one looks to find logic - it's there. If one looks to find bad guys lurking in every corner, they'll find them. It's a personal world view, and a choice. I think I've presented enough information, and I've certainly done enough DD to satisfy my own curiousity and willingness to invest at the level that I have. Each to their own. Best of luck to you.
I'll go through it myself, when I have the time. I'm certain it's there because I was on the call, each time. It may not have been the last one. Rest assured - it's there.
If you want to go through the CC transcripts, you'll find it there. I don't have the time today, unfortunately. Best of luck, and please let us know what you find.
They've acknowledged on at least one, but I believe two conference calls that they have no current streams of income and those ventures were not pursued, as they decided that the highest and best use of resources were to proceed with the patenting process and seek to be acquired. Several of the potential avenues you mention were in the very early stages of discussing VOIP at all, and were abandoned in favor of the current business plan. That's my understanding.
For a company in the R&D stage, with no streams of income, it's actually been a fairly conservative change in share structure to go from patent applications to the stage where we are today, and maintain no significant outstanding debt. The share structure is the only means of support at this stage - we all knew that buying in. I'd call it good fiscal management of a development stage company, personally.
Malak is a legitimate businessman and inventor with quite a few "wins" attached to his name. I feel he's a maverick, not disreputable - therefore, one who makes things happen, but you don't necessarily want him as a front person...I feel his risk tolerance is much higher than the average person. There have been several people trying to tear down Sawyer - he's not lying about his appointments as advisors to presidents - that's too easily verified or debunked. The list is enormous. NOBODY provides that many details that could shoot one in the foot if they were found to be a lie: http://www.tesawyer.net/id344.htm
To even insinuate that the resume is bogus is unrealistic in my humble opinion. And based on the life of service, shame on anyone who disparages Dr. Sawyer. Patterns of behavior and character don't just suddenly shift - not in an extreme case like this where it's obvious that living a publicly upstanding life is paramount to him. Compiling a resume like that isn't accidental. It's a lifetime of focused effort. Fewer than 1% of all people in the world can claim such a resume.
I suppose all the independent links (thousands of them) discussing Dr. Colin Tucker and his work at Hutchison 3G, Orange PLC, etc., and a respectable financial news source calling him one of the 8 people to know in Telecom has all been fabricated? Not likely. We don't know to what extent his contacts have been, and are currently involved. What we do know is that no consummation of a sale is likely while 10% of the OS are in question. We do know that talks have proceeded, and there has been acquisition activity - enough to bring the ambulance chasing attorneys out of the woodwork. We can't expect to know what those talks have yielded - we only know that they haven't yet yielded a consummated sale. Beyond that - all is speculation.
My personal opinion follows the path that these patents came from, and who has been involved in their coming to fruition. Sawyer, Candy, Tucker...these are individuals with a long, very well documented and honorable history of professional activities, at the very highest levels. People don't change their patterns after a lifetime of acting in a certain manner. They didn't spend 10+ years pursuing something scammy or frivolous in order to get over on some "marks". It's not in their DNA. Now if they hadn't been intimately involved in pursuit of these patents, and the likes of Chang, some of the former BOD folks, and our mad scientist inventor friend, Malak, who, in my personal opinion is a loose cannon, brilliant - but a potential time bomb - were the only players here, well, I would feel quite differently. One of the 3 having a break down, or going Jekyl/Hyde on us...that would be believable. All 3, in unison, in a concerted effort to fool the public? Not believable in a million years.