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I'm not saying it's time to run. I for one, have recouped my initial investment many times over, and am now playing with "the house's money" - I might feel differently if that weren't the case. I still feel there are great profits to be made here, and the patents will be sold. However, I also feel it's time to wake up what appears to be a complacent, and perhaps misguided board that needs to understand that the faithful will not just stand by and be ignored. We need to see something more than empty vague promises. We need to see some results. They are in charge of the "goodies" it's time to show their hand - and gather whatever is truly on the table - not hope for a better table in vein, with other people's money.
Thanks - I think anyone would agree who knows my posts that I am nothing if not committed as an investor. I do believe in this stock and the patents. That being said, I for one, am not going to just hand my money over in blind faith and look the other way. Even the best of "goodies" can be squandered if business isn't taken care of properly. In the past year, leading up to finishing the patents and getting the "goodies" ready for real consideration for acquisition, mostly, business was being taken care of...websites were updated, logical steps were being made in reasonable periods of time. Everything stopped and got squirrelly somewhere in the past 6 months, and I have to say that with today's performance and investor communication, I would not have invested a dime. Time to shape up, or many of us will be shipping out. I hope what's left of this BOD hears this message and understands that their actions directly affect the willingness of an investor to place our faith and dollars with this stock.
If perhaps anyone on the board is listening - or maybe Rich would like to pass a message along, I think there are some long term investors who would like a few more answers than "we knew it would take awhile", and "we're confident". Nice - but not helpful.
I, for one, would like to know, specifically, what happened when the letters were sent out - "consulting with our legal counsel" doesn't cut it. The board announced, officially, that an action was taking place. As an investor, I want to know the result of that specific action.
Legal filings being made on getting the shares back - can you tell us what that involves, what time frame we're looking at, and whether or not there are any current negotiations in process, that are halted depending on that outcome. Again, the BOD opened that particular door - as an investor, I'd like some answers.
Any progress whatsoever on the Australian firm? Are they still on the task? or?
Finally, can someone please comment on why, under this new, current leadership nobody has even bothered to update the website as to the board of directors current information... Not terribly impressive so far - and as the PPS demonstrates, the investors are losing patience with a lack of forward progress, and taking care of business in general. Inquiring minds want to know.
The 10% deal(s) were on the table already, as part of the onboarding process with Sawyer, et al. They were a "known quantity", and assumed (wrongly, it seems) to be legit, when the initial onboarding took place and the shift from the old board to the new board took place. Should Sawyer, and the others have scratched that surface and questioned the conventional wisdom in place at that time? In hindsight, I'm sure they would agree that they shoud've.
Many of us could have told them to look harder at whatever convoluted money deals that Kipping had any hand in assembling... but lessons learned - at least they are dealing with it head on now.
I'm hearing you - Some never will, because some only hear what they want to hear. The patents still are real. The patents still are valuable - how valuable, remains to be seen. The industry continues to soar, and these are foundational. There will come a point where these are sold, and it will be above the .35 previous highs, IMHO. I truly believe (my own personal theory) that the recent talks should have been consumated - offers were under $1.00 (.450- .75 is my best guess) and the BOD should have taken whatever offer was on the table. Now we're in limbo again with the 10% issue. That will get resolved - again, time. The BOD needs to get clear on the time value of money. $1.00 two years from now is not as valuable as .50 today. The price will continue to drop until that happens - then there will be one last ride up to the final price. I suppose it's a chance to gather at a point much lower than many of the investors previously bought in for. It's still higher than my price point -
I am experiencing a lack of faith in the current state of affairs, especially with Malak in the driver's seat. I still think this will fly, but I have to give a vote of "no confidence" in the current path. We as stockholders are paying the price for arrogance and unrealistic expectations on the part of Malak who wants this to be a homerun, not just a solid business move. Again - just my own personal opinion.
Opinion. Waiting for proof. Very hard to prove a negative - easy to say however, and claim that it is fact.
Well...since the DD is from 1996...and lo these 18 years have passed, and nobody seems to be able to turn up anything more fresh and relevant than a possible indiscretion - and I say Possible, because nobody has been able to show anything more serious than: A. Things major corporations get spanked for regularly. B. That this particular Dennis Chang was involved - (pretty common name as names go) and C. his specific involvement in that issue ... I would gather that IF an error in judgment was made 18 years ago, that's certainly not something I would color him with today. 18 years is a long time to be involved in business without something unsavory being attributed to you, if you are, in fact, in the business of scamming. I'm interested in something that has been done this decade.
Again - thank you for your OPINIONS.
And what do you expect to happen during a period of acquisition? It doesn't happen overnight - usually. Of course there was interest expressed then, and of course, it is gaining, and is still being expressed now. It will continue until an offer is accepted. During a marketing period, and please recall that in 2012 the patents weren't even issued yet - potential suitors will approach. Some will stick and continue - others will fade away, or have their interests go underground for some time, depending on the level of development. There has been a lot that has happened since 2012. Both in the company and even more importantly, in the industry. It's a very different VOIP world today.
I believe these patents are more valuable than ever, as the industry has taken a turn decidedly TOWARDS VOIP not away from it. As that has happened, what might have been an "acceptable level offer", would no longer be considered such. I for one, am glad that an offer of a level that would've been considered in 2012, without even the certainty of patents issued, was not entertained.
Actually - Sun - You don't. None of us do "KNOW" anything. I would greatly appreciate it though, if people on this board would stop asserting opinions as fact. I do respect your right to your OPINION. It is not, however, and never has been, FACT.
GDTU
The stock was issued to a company owned by Richard Kipping. I thought we had already established that. The board is not, I assure you, in bed with Richard Kipping. Quite the opposite. And yes, if he is able - has been quite ill - possibly dying - he, or his people will, very likely legally protest.
Thank you - and Merry Christmas to you also! The update from the BOD is in line with my hopes...confirms what I believe is at play.
Obviously, cancelling issued shares requires a legal process. And potentially a fairly lengthy one. If, through the cooperation with the authorities, as was previously reported, fault and illegal dealings on the part of the BOD had been revealed, I don't believe that the board would be in any position to take the step to cancel the shares. The investigation clearly revealed a legal basis for a suit to do so. If the investigation had revealed potential trouble and exposure for the board that would likely negate the value of 10% of the shares, they would not have taken this step - but instead, would likely have revealed that they were dropping their claim that the issue was improper. That's good news. We could have receved very different news, following an SEC investigation and involvement. That didn't happen.
Major Corporations in the VOIP industry could be anyone, from US to China - we still don't know.. who - when - how much. Any offer that would be on the table at this point would be contingent upon the outcome of the shares suit. That much is certain...so we'll likely not know any of that info for some time still. Holding strong, buying more - and happy to be here.
No sense twisting in the wind. There's not going to be any news until this thing is figured out with the shares that were issued. Then there will be news. The industry hasn't gone away or changed in any way, except more positive for VPLM while we've waited. There's been lots of rain, but the sky, is not, in fact, falling. Until the questionable shares are determined, no deal can take place. That doesn't mean the same set of opportunies aren't waiting in the wings, like we are, for the outcome. Merry Christmas. And if that offends... Tough.
Wish I could help you out GBC...but I'm right in there next to you with my bid. Hoping for a Merry Christmas. I've been very, very good this year.
Hey NRG - you still have some time to contribute to a Roth IRA - just pick up some shares with funds inside of the Roth, and they can grow and blossom inside of the Roth tax free. Might as well boost your retirement instead of handing 40% to Uncle Sam - IMHO
http://www.marketwatch.com/story/apples-vpn-on-demand-confirmed-to-infringe-virnetx-patents-2014-09-16
A few months old, but bears repeating.
This is far from over my friends.... A ray of light at the end of the tunnel, with other people's lawyers paving the way for success. Happy Thanksgiving... Grateful, in advance, Me.
Thank you for posting this, and regularly posting articles pertaining to VOIP. It's easy to get myopic and focused on having a lack of answers that one wants, immediately... and start to feel that all is lost.
As you point out with the steady flow of articles from external sources, discussing the future and current state of VOIP in general - one thing we do know is that this is a growing industry, in it's relative infancy. This is the kind of DD that I come to Ihub for - and I breeze over the arguments - since they are meaningless (although often entertaining) - and wait for nuggets of fact and supporting external validation from the industry, not from those with a stake. (meaning, outside of what the BOD says, and what investors dream of) Good DD.
Agreed. I'm sitting amongst the ashes in mourning at .55, relatively speaking, based on former hopes (which are still on the table), but mathematically speaking, would find .55 to be one of my best investments yet still.
Thank you - and I feel that the low end would be influenced if it were found that the 100,000,000 shares could not be retrieved. I don't think that will be the case. I'll be happy to revisit my expectations though, once more is known about that. I feel strongly that .55 would be desperate, worst case scenario if all goes as badly as possible.
Not necessarily. There's a big difference between what an investor who is in the dark, making all sorts of baseless assumptions would LIKE to see, and what typical business operations actually do. Microsoft, for example, has independent 3rd party evaluations done all the time. You don't read about it. You don't hear about it. The 3rd party evaluators sign confidentiality agreements. It's for interoffice processes, and Microsoft decides when, and if the information is valuable for release. If not, it just sits in a file somewhere. It's information and company intelligence. Inquiring minds don't always need to know. Until they do.
Me too. Sold it, and bought it again on a dip. That's what one does while waiting for this thing to pop. If you're bothering to follow it, you might as well make some $$ in the meantime.
Not necessarily.
Actually, if you want a real answer: Yes I do feel he was secretive when advising Presidents. Do you honestly think the public deserves the blow by blow behind the scenes work in progress of inner oval circle doings? They don't, and it would do more harm than good. Same here. The investors don't need to know, until it will do more good than harm. Timing is something top executives all understand.
Yes. However, they were onboarding, at that time, and spent quite a bit of effort sorting through a mess that was left to them when they started. This was part of the mess. The supposed "underlying debt" and claim to the shares was in place, or asserted, long before they came on board. My personal opinion about why Sawyer stepped aside is precisely because he signed off on it - probably in error - not having the full history - and probably regrets that. But these things happen pretty frequently in companies when there is a "changing of the guard". It takes some time to reveal things that happened previously, that weren't necessarily up to snuff.
From the information we have currently, it would seem this way. As I mentioned before - the possibility exists - and I think it's more likely than not, that we'll get an announcement from the BOD in the next few days talking about the A/S situation, and an agreement to rescind the former agreement with Malak, which was meant to prevent the BOD from diluting.. Now that Malak has a seat on the BOD, and his current position, it's not really necessary or appropriate to have in place.
Last time the share structure was changed, it took 6 days to make an announcement and quiet the masses. The delay had to do with important activity that was under foot, and it set off a course of events that took the pps to it's highest level yet.
Not every business objective gets done on the first try. If success were guaranteed, everyone would run a business. It's a work in progress, and progress is being made. Steadily. Slowly. Patience is what is needed here.
The shares in question .. Locksmith Financial..involve non other than R.Kipping (see link)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68452723
I don't find it terribly surprising that the new BOD, when doing an internal audit, found irregularities with a transfer involving Kipping and his known past shenanagins. If one were on the verge of selling a company, and there existed a possibility to return 100,000,000 shares to the structure that were questionable as to the underlying debt, I would think that one would be prudent to do so. Patience.
It's back to .11 and there was no bogus PR..no PR at all. There was a panic over the authorization of new shares. And yet the BOD, itself, told us in a conference call that it was going to be necessary. The panic was unnecessary and temporary. All is well my friends. All is well.
That's zero to do with VPLM... sure there are sleazy stock promoters doing bad things all over the place. Investors should always beware. Just a general rule of thumb. If you read this case, however, it isn't similar, in any way, except that it involves stock. IMHO
Not correct. He's the largest single shareholder. He is not the majority share holder. He has power, but there are limits.
That could be said about virtually every development stage company. And that's inaccurate. "ALL" this company does is quite a bit more involved than that. They have, over the past 2 years, successfully caused 7 patents to be examined and granted.. They have eliminated all of the debt accumlated over a decade. I'd say that's a tad more than just issuing shares and diluting.
If it's any indication - the BOD took 6 days the last time there was a filing of increasing to the share structure to make an announcement and explain the reasons and strategy. They will make an announcement in the next few days, I'm confident. Last April, when the OS was changed from 900,000,000 to 990,000,000 there was also a "panic" dumping and downward slide - which was followed within 1-2 months of the highest historic price. We haven't seen these levels since before the patents were granted. These aren't real levels. It's a vote of "no confidence" in the shifting of the BOD, and a failure to be patient. A good signal to the BOD that it's time to stop playing with potential and capture it.
Some updates on letters would be positive..but more positive, I believe, would be to wrap this up, and stop shooting for the stars, and accept the offers at the highest level they actually present. One does not have to make one's personal best home run on every business venture. A solid profit is perfectly acceptable.
Did they not say, during the conference call, very specifically, that they were, in fact, planning to dilute shares in Nov/Dec, because that was, unfortunately the only thing they could do to create working capital? So we expected a dilution. Panic is unnecessary...profitable if you work it correctly, but unnecessary. The 100,000,000 shares frozen aren't working capital until there is a ruling that gives them back, officially, to the coffers. It will, likely, take some time and money to make that happen, hence the need for a dilution. I would like to hear an announcement indicating that the anti-dilution agreement that gives the lionshare of any dilution to Malak to be reversed, in the interest of the company.
I understand why it would have been put in place prior to his involvement on the BOD, to create a disincentive for the BOD to dilute unnecessarily, but in his current position, it's inappropriate for that agreement to remain in place. I'll bet we'll hear that news shortly.
Welcome to your opinion. I just don't happen to share it. Have a nice day -
I feel that is a possibility.
I don't think so....I don't think Sawyer failed at all. This is purely speculation on my part, and it comes from an analysis of the publicly demonstrated personality types and history of the current BOD, plus reading between the lines of recent events. I think there was an offer. I think it was sufficient, and would have made any of us happy. I think Malak blocked it, because he wants more, and Sawyer stepped away because Malak needs a reality check, and he's frustrated, throwing his best efforts away. My prediction is that Malak will get a run, it will result in some information, and the BOD will return to the level of offer(s) that are lying on the table.
Very simple. Because the companies listed are those who have received letters, most likely. VPLM isn't on the radar, Yet. That doesn't mean the patents aren't valid nor does it mean that they aren't going to become increasingly important in the industry. VPLM isn't currently implementing its patents, nor does it yet have any licensing agreements in place. That doesn't mean they don't own the rights to do so. They do. VPLM's LI isn't the only solution, but it is a more full bodied solution than is currently available.
My understanding from reading specs on many of these systems is that they are deficient in several notable ways, and result in failures to deliver. The solution exists. As time goes on, I believe that the market will demand the solution in VPLM's patent. - iMHO
I've never purchased by hitting the ask, nor have sold by hitting the bid...yet all of my trades have been completely legit, I assure you.
I doubt news will come today. Of any significance anyway, because if authorities are involved in an investigation, there is likely a required response period, which couldn't have been met yet, and unless the parties who are subject to this investigation decide to run forward and say, "yes, yes...you are RIGHT! Here are all of my shares back" (not bloody likely), then some time will pass before there's any possibility of moving forward in any meaningful way. ZZZZZZZZ - Happy Friday!!
Development stage companies go years without making profits, until they do. It's normal, standard, business 101. What isn't normal, standard business, however, is for a person who claims not to be an investor to spend an inordinate amount of time following a stock that clearly is a scam. Curious.
Can't have it both ways - first it's : Secret pinkies don't report or tell anybody - and they do it because they're trying to be sneaky...
Then, when a decidedly non - "pinkie" is referenced, doing the exact same business method as was being discussed, the retort is : so now you're comparing VPLM to FB.... Question: What's your point? and how is arguing both sides of the coin supposed to be making it? Me thinks the point is being argumentative, and not germane to the conversation. VPLM, like any business entity, pink or otherwise, isn't about to put every detail on the street. It's bad business, bad negotiation. It has zero to do with whether or not the BOD feels that investors "deserve" the information. What the investors "deserve" is a profit. The highest and best profit that the BOD can create with the tools given to them. That is precisely what they are working on, IMHO.
Looks to me like people are lining up to kick themselves for not taking advantage of a buy yesterday...