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Well down to the key time.
If the insiders stop selling this stock could run to $.05-$1.0 a share before the trial.
I would expect a settlement before the trial. Question is what amount. Hope it’s significant. If this starts running I will register my shares in July and sell half at $.05. Then hold the rest in case something good happens.
Fingers crossed.
Hope your right but Carnac's batting average has not been very good in the last year.
I would be more confident if the share price was rising into the trial. Instead it's going no where.
As i stated many times. The reason the share price is not moving is insiders are selling several million shares a week. It creates a demand imbalance creating weakness. Plus when nearly every employee at VPLM is selling shares it send a very poor message.
Carnac needs to stop drinking.
I will make a prediction today and let's see if it happens.
I will predict that in 2025 the shares issues to directors and sold to investors will be decreased from $.005 to $.0025, and warrants to Emil will have a exercise price of $.0005.
Emil's warrants have nothin to do with Barbara's sales. You do know that if the stock is sitting at $.10 or more you can exercise all the warrants and it won't be any issue. The warrants are $.001 a share. If you are getting 100 times the warrant price you can either do a cashless transaction or get a loan that is paid off as you sell the shares.
For a billion shares it will take $1M to exercise the shares and the sale of the shares would result in $100M. If you think the sales of shares has anything to do with the warrants you are mistaken.
I think the selling is more likely because they know they outcomes will result in money in several years and all that time the share count will be increasing fast and the share price will continue to fall. Remember that just a year ago the share count was around 3 billion now it is over 5 billion. Those are counting the warrants. By this time next year the share count will likely move to 8 billion The reason is that at some point the will start selling shares for $.0025 a share.
One other thing. Emil's warrant exercise at $.001 today. Based on this companies pact actions I would anticipate the warrants to be repriced for $.0005 or less per share. The decision of the repricing of everything will be made by Emil. He has total control.
Right on queue Babs reports sales of another 1,360,000 shares. Amazing speed of selling her shares.
What is really amazing is that these guys don’t care what any of us think. She is on a pace to sell more that 50M shares for close to a million bucks.
Yea insider selling doesn't matter. All while it continues to increase
This is crap.
Just look at the 144s filed.
7 filed since 5/17/24 I am expecting another in the next few days.
In total if the new one comes in, it would indicted they plan to sell a total of 59M shares in a 3 month period.
You may say that is nothing but assuming they sell those in 11 weeks, can't sell 2 of those weeks, that would be selling 5.4M shares per week.
That is significant. If good things are coming why sell 59M shares for $900K. If anything positive is going to happen from this trial at a minimum those shares will be worth $.05 a share or $3M. Makes a lot of sense selling for a fraction of the value when a 2 month wait would get you far more. Insiders are telling you what is going to happen.
I have been reading your crap for over a year. Surprises are coming, everything is going great and many other comments. Nothing but bad has happened.
If my shares were registered I would have sold already. I am glad I only put $10K into this scam. We have a trial coming in Aug and insiders are selling faster than ever. That is a massive red flag.
Are you on the companies payroll?
That is not a buy. That is another 5M share gift that he exercised so he can sell those shares.
Directors of normal company make less than Dennis Chang.
Pathetic
They are more likely selling because they know something we don't. They know all these trials will continue to be drug out forever and as that happens the potential amount paid to investors will continue to drop.
Here is the share counts for you
Sept 2022 - Shares 1,986,997,863, Warrants to Emil 1,325,327,575 = Total 3,312,325,438
Mar 2023 - Shares 2,381,367,863, Warrants to Emil 1,588,372,365 = Total 3,969,740,228
Mar 2024 - Shares 3,169,442,847, Warrants to Emil 2,114,018,379 = Total 5,283,461,226
Increase in 6 months ended Mar 23 = 657,414,790
Increase in 12 months ended Mar 24 = 1,313,720,998
At this rate I would guess by the time they have an actual settlement if it happens the share count will be well north of the 8 million shares authorized currently.
By Mar 25 the share count will likely be at least 6.5M shares.
Currently the shares are issued at $.005 a share. As the share count increases they will move the price to something closer to $.0025 a share. They will be forced to lower the issue price. As that happens the increase in shares will escalate much faster.
I think it is likely there will be 10-15M shares prior to any settlement and maybe more.
That is why is makes sense for them to sell.
Barbara had gifted or purchased at low price 322.6 million shares. She currently sits at 86M. So she has sold or was forced to give back 237M shares. She is selling around a million shares a week. At the rate she is selling she will have no shares in 2025.
I think another red flag is every year Barbara has been allowed to purchase additional shares. In 22 she bought 30M shares at $.005 and in 23 she bought 20M at the same price. In 2024 we are in June and no purchases made by Babs.
All these force me to think the trial will either slide or end with a pathetic settlement of a $1 - $25 million. Dreams of At a maximum that would be $.005 a share with a settlement of $25M.
I will be happy to sell for $.05 a share. I really thought that might happen. Unfortunately insider sales are increasing and not stopping. Without insiders stopping there selling I expect the share price to remain in the $.01 - $.02 range. They are sending a terrible message. Personally I think they know enough about the upcoming trial that they should not be allowed to sell their shares.
Chen and Williams reported today
Between the 4 of them they sold 3.5 million shares in one week.
Sorry but that is not the show of confidence you want going into a trial. If I was a director and believed in the future trial results I would be holding my shares not selling and I might actually be buying shares.
I guess I am mostly disappointed because I was expecting a run into the trial.
Not only do you need to find a buyer for 3.5 million shares but also because investors won’t feel confident if directors are selling.
What you say is not true. When the insiders stopped selling the share price moved from $.013 to $.017 in a couple weeks. The share price stopped moving higher on the 14th the day before insiders began selling again. Since then the share price has drifted sideways. .
If the insiders were not selling the share price would be rising.
Very frustrating watching another 1.1M shares sold by Barbara. We are less than a month to the pretrial and about 2 months from the trial and there has been very little movement in the share price. If this was going to be successful you would think the share price would move higher as the trial got closer. Instead it sits at $.017. That is pathetic. Make these idiots stop selling. Let the share price rise.
Are the cases linked on Stocktwits the new cases of the gateway cases?
That is very good news.
Shows that the trial is still on schedule. Not sure what the pretrial exhibits will be but it shows Albright is pushing this forward. I assume that the info to be provided by Verizon is not something that will take more than a month to assess.
But this does look good. If the insiders would stop selling it might actually bode well for the share price. Personally I think Barbara, Chang, Williams and Clifton are holding the price lower. If this is all based on agreement to sell so many shares and they have no choice but to sell I can understand a little but I don't think that is the situation. I would love to see no additional form 4s but that is just a wish that will never happen.
But if the pre trial on July 9th actually happens it looks like the trial on 8/19 is likely to take place. Finally there would be a real outcome from one of the patent lawsuits that would result in something material. If the trial is won by VPLM it would result in a much higher share price in the near term. The trial would be appealed but it would show everyone the patents are defendable and these companies will be paying an award. I would hope it would lead to a settlement in the Verizon, T-Mobile and other gateway cases. If not these companies would be seen as owing even more money down the road and have much higher legal costs. I would expect Verizon to settle for a smaller amount to avoid the need to appeal.
Thank you Greenback.
I was told I am whiny by doing this but the company is within 2 months of a trial. Emil knows everything regarding the case. How can Barbara file to sell an additional 23 million shares over the next 3 months.
For the person that questioned why I would think it is illegal it's because Emil/Barbara have inside knowledge that normal investors do not have. If they are selling these shares based on that information it is illegal to sell. There are a lot of rules on selling. This is why Barbara stops selling 2 weeks prior to the 10Q and 10K. I would argue Emil's knowledge about the case it more important than stopping sales 2 weeks prior to a 10Q.
I have said before that the selling has no impact on the eventual outcome of a trial. That is true. However, If they are selling these shares to take several million prior to bad news being released it is a major conflict.
As I said. This gives investors the appearance that they have no confidence. DB can say what he wants but he is full of crap.
This is a terrible look for execs of the company and it is the reason the share price is sitting at $.0168. If Barbara and Chang had not been selling I think the share price would to $.03 - $.05 today. When all these shares are being sold it take a lot of purchases to offset the sales.
Someone stated they would be buying shares at $.005 to fund the company. If true I think that is also an issue. The questionnaire the company provides the potential investors asks if you are selling shares to purchase the new shares.
All this doesn't matter. I am still hoping there is positive news prior to the Aug trial that move the share price to $.03+. That would be a nice profit. The company does have patents that are valid. Without a good size settlement this could take years to play out.
Oh, and for the person saying they were selling to buy more shares to fund the company. That doesn't sound right. If they were adding shares to fund the company those shares would be filed on a form 4 as well. This is directors and the COEs wile selling millions of shares for millions of dollars.
Hey but let's ignore that. GO VPLM.
"Trust me, it would serve you to shut the hell up! There are things going on... Unbelievable!"
You think sending that to a person is helping? I find that funny. I hope things are happening and hope the result is good for you and me but your communication skills are lacking. Like I said if you put that a different way and provided a little context on what might be happening it would help.
I would not believe that is the reason. If it is they are breaking the rules. As part of the buying it says you can’t be selling your shares to buy new shares.
As I have said several times.
I post the insider sales because it shows no confidence and the worst part is in a tiny stock like this it causes an imbalance in buys and sells. If they were not selling millions of shares every week the share price would be much higher.
As I said before also the selling won’t impact any settlements but I am waiting to see the outcome.
Deerballs. I am not able to send you a PM so I will do it publicly. I will be happy to stop posting about insider sells. Just send me a reason why insiders continue to sell. If there were delays in the trial I would have no issues but I have seen insiders sell and it normally doesn’t end well.
Trust me no one wants this to work out more than I do. But until they stop selling or I get a good reason for the insider sales I will have a negative view. But if the Amazon settlement is positive and the outcome of the trial is positive I will turn very bullish. But I would appreciate a post or PM telling me why they are selling. If you want to quiet me that is the best way to do it.
Deerballs. I am not able to send you a PM so I will do it publicly. I will be happy to stop posting about insider sells. Just send me a reason why insiders continue to sell. If there were delays in the trial I would have no issues but I have seen insiders sell and it normally doesn’t end well.
Trust me no one wants this to work out more than I do. But until they stop selling or I get a good reason for the insider sales I will have a negative view. But if the Amazon settlement is positive and the outcome of the trial is positive I will turn very bullish. But I would appreciate a post or PM telling me why they are selling. If you want to quiet me that is the best way to do it.
Looks like nothing positive is happening. We are getting closer to the trial and both Williams and Chang have increased their selling. Babs selling was only 400,000 which is down but William's selling was way up and Chang continues selling every share he receives as fast as possible.
How can anyone argue that good things are coming. We are entering June now and the pretrial is on 7/9 with the trial on 8/19. I am trying to figure out how it is legal that they are selling this close to the actual trial. I was hoping for a run before the trial. I don't see that coming. Any buying is offset by insider selling. Insiders selling around 3 million share in a week will not move a stock higher.
Pathetic management. This looks like a fraud.
What is the best way to search pacer for the filings. Do you have a case. Number or is there a better way to search?
I have done some work on this and I follow pretty close. As you said this is like watching grass grow, and not the spring rainy season.
I would be willing to wait a long time for a positive result and I still hope for that to happen. I am the type of investor that looks for the positive but will never ignore am the negatives again. I bought 2.2M shares last spring. Sold the 200,000 as the share price began to fall and am still holding the 2M shares.
Do I think it could end well? Yes I do. Do I think investors will see money in the next year. No. Let me provide my thoughts.
1) there are several patents and many infringers. The first of many trials could be Aug or Nov. But, my expectation is the defendant will find a way to delay further. Hope I am wrong. If we asked for the delay it’s a red flag. How can VPLM not have their ducks in a row at this point.
2) I know everyone wants a settlement and I think it’s possible but a settlement offer from the defendant will be just his piece and it won’t be massive. If the got $50-$100M from the 2 first defendants it would be a miracle. I think offers will be $25M total. Remember these are only a couple of the cases. Again I hope I am wrong. For this reason I think VPLM will be forced into a trial. If we lose it is over for the stock. Hello .005 for a stock price or less. If we win I expect an award that could be $100M - $250M. Maybe more but I wouldn’t count on it.
If we win there will be an appeal that will last several more years. VPLM gets nothing until the appeal is done. Hopefully it would lead to a settlement that would be decent.
3) insider sales. These could mean nothing. Especially Barbara because Emil get 50% of any settlement no matter how much dilution. So selling shares is not a concern for Emil and Babs. But there are several others selling huge numbers of shares. These people all understand the cases better than us. If good near term results are expected they would not continue to sell. Just my opinion.
4) Dilution. That is the enemy of all shareholders and the dilution is massive. It takes millions per year to run this company’s trials. Shares are increasing fast. When I bought last year the share could was maybe 3B and today it’s over 5B shares. If they draw this out I would expect at least 1B additional shares a year to be issued. 600M will raise $3M at a price of $.005. And Emil will get 370M warrants at $.001 with those share. But as the shares increase new shares will be priced lower. They could sell for .0025 by this time next year. This dilution will lower our potential outcome. As I said Emil will get 40% of the shares no matter what and the rest is split between us. That is reason I don’t want delays. Last year a settlement worth $.50 to shareholder is now worth $.30. When the share count hits 8B authorized it will be worth $.18 to shareholders. And I would expect the share count to be 10B or more before this is done. So a $.50 settlement last year would be worth $.15 to investors.
So the risk of failure remains the same and the reward continues to fall. That is why I hate the delays. That and they continue to issue more shares to execute to sell. For a company like this I believe the directors and execs should be getting $100-$200K a year in salary at the most. Normal board members would probably get $75K. Any payout above that should be tied to awards or settlements. Once the company wins cases they should have warrants or options that are waiting. These options should not be vesting and have the ability to be sold. The board and execs should only be rewarded when shareholders are rewarded.
The other thing that is a red flag is Emil having the preferred shares to maintain total control of everything regarding the company. He can do anything he wants with no opposition. I would prefer that investors have some say in what is going on. Vote on shares issued and make the board justify decisions. That set up is ripe for corruption. Hate that.
I have said before and will again I think the patents are valid and a positive outcome in the courts is likely but these companies are massive and they will all work together to end this. Going against giants is hard. I hope we can be David and slay the Goliath.
So I will hold my 2M shares and continue to watch. It is currently valued around $30,000. It was worth around $200,000 last year. That is what is frustrating. Deerballs can talk about the share price not being at all time lows but it is very close.
I have little experience with patent law but a ton in business and much more in finance. The faster this finishes the better for us and currently I don’t see and end.
One last thing. There is no visibility to what is truly happening. I would like a CC with Emil and the lawyers once or twice a year so investors could get an update on the case progression and Emil’s long term strategy.
1 other item is the longer this takes the longer they are infringing so you would expect damages to be increased. But like everything else I really don’t know what the company has calculated for damages. Can anyone tell us what a positive outcome in the Aug and Nov trials would bring in a damage award? What is the award and what would treble damages bring? If I knew the award would be $250-$509 million and treble damages would be up to $1.5B possible it would make me feel a lot better. But I don’t have any idea what the awards could be.
A year and very little experience.
VVVVVV can you post the filing so I and others can see it?
Thank you.
Where can I see the filings?
I normally look for the them when they get posted here. I have not seen anything yet. Can you or someone else copy the filing to the board?
Deerballs
Maybe you can discuss this with Rich and find out about the status. I think everyone would like to get an answer. The trial has moved from Jul 23 to Oct 23 to Feb 24 to Aug 24 and now they are saying after the T-Mobile which means 2025.
I know I am skeptical but I am always praying I am wrong. I can only hope that the judge forces the trial to move forward. I remember everyone saying his nickname was the rocket docket. The word was Albright forced parties to go to trial and worked hard to get a settlement prior to trial. After more than a year delay there is no excuse to oppose an expert witness at this point. This is the big guys doing what they always do and bringing up something just prior to the trial that will force the trial to move back.
If I were Judge Albright I would say you guys had a year to oppose expert witnesses and doing it at this late date is not going to stop the trial. Unless VPLM added the expert witness in the last month or 2. If that is the case this is all on VPLM's legal team and they would know the witness was going to be opposed. That would be an indication that Hudnell and Emil don't want to go to trial.
No matter what the situation the date of the trial was set early in the year and there is absolutely no reason to delay the trial longer.
My guess and hope is that Albright rejects the delay and forces the parties to go to trial.
Also last year they indicated that there were many meetings between the 2 parties in an attempt to settle. I haven't seen anything like that this year. I will agree with Deerballs on one thing. I do think it is likely the case is settled prior to a trial taking place. If the judge forces this trial to take place in Aug I would expect a settlement in July or Aug. The question is what would the settlement look like. They have settled 2 cases thus far and both seem to be for virtually no money. I think they got $185K last year and based on no PR I would anticipate the recent settlement to be something similar. Maybe slightly more but a couple hundred thousand does nothing. It is $100s of millions that is needed.
There are many parties yet to be sued. I would assume that each one could yield a few $100 million. If they settle this for anything over $100M it would be huge. $100M is about $.02 a share and $250M is $.05 a share. A settlement of anything over $100M will result in a share price of $.10 a share or more again.
I have yet to see how much VPLM is asking for in each of these cases. Have any of the filings provided a number?
But I am expecting that the trial is delayed to 2025. I am hopeful that the judge says no but the big guys normally get what they want. They have 10 lawyers for every one working for VPLM. I haven't seen any indication this is finishing soon and in our favor. If Emil/Barb were the only insiders selling I would feel better. If everyone stopped selling I would begin to believe the future might finish with a decent settlement. But that has not happened. The 3 form 144s filed on the 17th do not provide confidence that selling has stopped.
Clifton filed earlier in the year to sell 21M shares and didn't sell any shares. Now he filed to sell 15M. Hopefully he decides not to sell again. The insiders could start selling on the 15th. The share price has fallen closing around $.0175 on the 13th. Since then it has fallen to $0.0155. A fall of 2/10ths of a penny is tiny but it is 11.4% in only 5 trading days.
If they trial date moves to 25 and the insiders continue to sell I would anticipate a move to $.01 prior to the trial. This is like the boy crying wolf. Everyone believed last year. They have set new dates several times. Every time it slides investors have less confidence that the date of the trial is real.
I have been saying this forever. The trials just keep getting delayed. They may not have a trial until 2030.
There is no excuse for this trial to be moved again.
Let's get this straight. We are supposed to believe things are going well. Hopefully I am reading it wrong. But watching insiders continue to sell shares is pathetic.
There is a trial in Aug and we are in mid May. 3 months to the trial and we have 3 new 144s filed today. Clifton 15 million shares, Williams 3.5M shares and the old favorite Chang 3.5M shares. Only person with out a new 144 is Barb and that is because her last 144 lasts until 6/1. She filed to sell 21M shares and has only sold 8M. So she can sell as much as she would like until 6/1.
That is very frustrating watching these insiders selling massive numbers of shares on a daily basis. I was hoping the increase in the share price would continue but I think that is a no. Notice that the share price rose 35% from late 4/29 - $0.13 to 5/14 - $0.175. Since then it has fallen to $0.0156 or 10.9%. Is a coincidence that insiders were able to sell on 5/15.
This feels like the AMZN agreement last year. I see the filing to dismiss the Huawei case on 5/13 but the companies have no press release regarding the settlement. If the settlement was material in nature the company would have a press release immediately. Maybe the court needs to bless the order and a P/R will be released the next day. In reality the company should be forced to issue a PR on this immediately. They put out a PR for every little favorable ruling. A settlement is huge compared to any of those event.
So if there is no PR in the next day the settlement is another non event and reason to believe this entire trial is a sham. Pathetic of the company not to have something out in a PR to provide investors information. Add to that the stock price is at around $.017 a share. The shares o/s continue to increase and the number of defendants continue to shrink. If this was a real settlement the share price would have exploded higher.
I am waiting to here something soon. Tick Tock Rich. Investors are waiting.
Of course our team knows what they are doing.
They are stretching this out as far as possible. Allowing insiders to sell as many shares as they can. Let Barbara/Emil, Chang, Williams and based on the filing possibly Clifton to sell shares. Clifton to be fare has not sold any significant shares thus far. He filed to sell 15 million shares on 2/20 and has only one form 4 selling 3,000 shares. I have no clue what that was about unless he thought they would settle with someone and wanted to sell after the settlement assuming the share price would spike.
Deerballs you can keep saying all the crap you do on this board and I hope at some point you are accurate. But since I have arrived I have seen your posts stating the a surprise is coming and it never comes. Either someone is feeding you a load of crap or you are just making up the stuff you post.
Either way I am hoping the insider sales truly do stop and as the trials grow close the share price rebounds. I wish I could be a believer but with Barbara/Emil selling 71M shares since 1/1/23 for a total proceeds of $2.3 million dollars it is very difficult to believe good things are coming. Barbara has been forced to forfeit and sold 72.5% of all the shares she bought or received for free for proceeds of $4.1M. The odds of Emil and Barbara selling 72% or 233.9M shares of their personal holding for $4M when it would be worth $46M if they could sell at $.20 on a settlement are nearly 0. Would you just waste $40 million for no reason. I wouldn't. I suspect that things will not go as planned.
But I am hoping for the run I expected going into the trial. I still think it could happen provided they stop selling their shares.
If that means insider selling is going to decrease I am thrilled.
But insider selling will stop completely around 5/1 because the quarterly results will be released around the 15th of the month. So I expect insider sales to stop on 4/30. I would suggest that we need to wait until 5/31 to see if additional selling begins after the blackout period. Don't be fooled by insider selling ceasing on 5/1 or before. They may cease selling this week and the quarterly filing may happen on 5/7. We don't know the timing of the 10Q.
Dennis Chang did only file to sell 583,000 shares on his 144 on 4/15. Through 4/19/24 he sold 200,000. So this week he only has 333,000 shares to sell. He will need to file another 144 to begin selling again. His filing does say he was awarded another 5 mill shares that can be exercised now and another 5 million exercisable in Jul 24. I don't anticipate additional selling after this week by Chang. I will wait until after the blackout to see if he will be selling more.
Williams is the lowest seller of the 3. But his 144 allows him to sell another 1M shares. He has sold 120K, 350K and 750K the last three weeks. I would expect that he will sell 350-1M shares over the next 2 weeks. Then he will need another 144 to begin selling additional shares. He like Chang was issued an additional 10M options he can sell. However, at some point it will be hard to sell. It costs money to exercise and sell your shares. The exercise price is $.005 and the current share price is $.013. Without any fees the profit today would be $40K on 5M shares. If the share price continues lower it won't be worth the time and money to exercise. The profit will be minimal.
Barbara is the real question. She is the whale. She currently has 89.7M shares to sell. I would anticipate additional selling but hopefully less shares. She only sold 910K shares last week. Lowest amount in a long time. So maybe the numbers are decreasing. But the 144 from 3/1 to 6/1 is for 21M shares. She has 12.7M shares left to sell between 4/19 and 5/31. During that time she has a 2 week blackout. So she has 4 weeks to sell 12.7M shares. That can't happen. Will Barbara and Emil stop all selling. I sure hope they do.
Deerballs. Ask Rich a question, Is there a blackout period for selling prior to a trial. Is selling prohibited within 2 or 3 months of the trial date? If they have a 3 month blackout that would end all selling in mid May. I would like to know if they stopped selling on their own or were they forced to stop selling driven by requirements.
Either way I will welcome no insider selling. I believe if insiders stop selling the share price will begin to strengthen and will be north of $.02 by June 1. That assumes the insiders do not start selling after the 10Q is released.
There are 3.2B issued and outstanding plus the warrants that have been issued to Emil to maintain a 40% ownership. He gets 66.67% of the outstanding shares.
That is 2.1 billion shares. Total shares if Emil exercises his warrants is 5.3 billion.
Doesn't it bother the real bulls that Barbara, Chang and Williams continue selling shares and never stop.
May is only a few days away. The first trial is scheduled for Aug and the other is in Nov. With a trial less than 4 months from now would you anticipate insiders selling to stop around now? Waiting for 3-4 months for a settlement or win in the trial should result in a far higher share price. Why sell hundreds of thousands or millions of shares at $.0133 when you can sell for $.05 - $.25 within 4 months? That is why I can't say I am upbeat on the outcome of the trial.
The share price makes it is obvious others agree. The share price has done nothing but fall since last May when Barbara was force to begin filing form 4s. If Barbara, Chang and Williams stopped selling the share price could begin to recover. There is a trade imbalance that is present every day driven by their selling. No buyer is going to bid the price higher. They just sit and wait for the share price to fall further to pick up shares. To tell you the truth I don't know where they are finding a buyer at all. I guess there are a few out there willing to buy some shares at a price they believe is cheap. For Deerballs who wants to pretend it is whoever might acquire the company you need to remember that when someone owns 5% of the company they need to file with the SEC. Currently there are around 5B shares o/s. So 5% would be 250 million shares. If someone is accumulating shares for a possible takeover they currently have less than 250M shares. And for every share they buy they are getting diluted. There was 2-3 B shares in early 2023, Now there are more than 5B shares, next year there could be 8B shares. I will remind everyone that the company issues shares at $.005 a share. Even when the share price was $.10 a share. Huge discount, That is not normal. Does anyone have the name of the buyer of all the shares issued last year? Not sure if that was one individual but if it was they should be filing a form 3 revealing the ownership. If someone talks to Rich inquire about who bought all the new shares issued in 2023.
My expectation was always that insiders would be forced to stop trading within a few months of the trial date. Emil and Barbara have insider knowledge related to the case. They should not be allowed to trade any shares in my opinion. I think a poor judgement will bring huge personal lawsuits against Emil, Barbara, Chang and Williams. They all have insider knowledge. If they are selling and have any knowledge related to the case that is not given to the public they should not be trading. And they do have that knowledge.
Hell they never revealed any details related to last years settlement with Amazon or whoever the settlement was with. I think the settlement was for around $185,000. Settling for that amount doesn't instill great confidence for huge settlements to come but hopefully the settlement was the lessen exposure to the California courts and not for other reasons like a weak case.
But on the flip side if the insiders stop selling the trade imbalance will go away and the price will naturally strengthen. Add to that speculation of a good result at the trial or a settlement prior to the trial and the share price is likely to be north or $.03 by June or July. Maybe $.05+ by July or early Aug prior to trial. The $.10 price last year was with far less shares.
But any increase in price can only begin with insider selling stopped. As long as the squad continues to sell the share price will remain under pressure. I guarantee if they stop potential investors will take notice. I would never consider buying a share as long as I see the form 4s weekly. I think they will be forced to stop for the blackout the first 2 weeks of May. I will wait for the second half of the month and if no form 4s are filed for 2 weeks after the blackout I will likely buy some additional shares. Not that I believe the trial result will be positive. I have no idea what will happen there. But the fact they stop selling will change the entire trade balance and with the trial drawing near the buyers will outnumber the sellers. If I can buy at <$.015 and sell at >$.03 I would be thrilled. A 100% profit and get out prior to the settlement or trial in Aug.
But personally I do not see insider selling ending any time soon.
Does it seem interesting that last year the share price went on a huge run leading up to the trial.
This year the share price has continued to fall.
A couple likely answers.
1) After getting excited about a trial or potential settlement in 2023 investors are a little more skeptical.
2) Insiders selling continues to put downward pressure on the stock. Plus last year the selling that was occurring early in the year was much lighter and not visible as they did not begin filing form 4s until May.
Let's hope as the dates begin to move closer the insiders decide to suspend their selling. Maybe they will say they can't sell due to the proximity of the trials.
I held the shares expecting the price to increase to $.05 prior to a trial. The trial dates are growing closer. Let's hope the date holds. If they stop selling a month or 2 prior to the trial and the trial date is getting close the share price will surely rise. I would feel good if I could get $.05 - $.10 if the trial is close.
Let's hope getting on the judges calendar begins to help the share price.
If you look at the judges calendar the pre trial conference for Verizon and T-Mobile are finally showing up on the courts website.
As the trial grows closer there will be investors willing to invest some risk capital betting on a VOIP win.
Let's see if there is a run like last year. I am hopeful
VVVVVV you are likely right. The odds of the Verizon trial happening is low in my opinion.
If the trial was going to happen I believe the insider buying would be stopped and the share price would be moving higher. But Barbara, Williams and Chang continue to sell. Plus the company is completely silent about a trial that is scheduled for 4 months from now. Why is that? If the company truly believed a good settlement or a trial with a positive result was likely in the next 4 months insiders would not be selling shares are under $.015 a share. A good result from that trial would result in a $.10 - $.15 share price or more. Insiders don't sell their shares when they can delay the sale 3-4 months and sell those shares for 5-10 times that price.
You know why I post the information on Barbara's selling.
1) Because everyone should know Barbara/Emil, Chang, Williams and now Clifton are showing no faith in the stock. Their selling will play no part in any settlement but who in their right mind would sell at $0.015 a share when a settlement or positive outcome of a trial will allow the person to sell at $.10, $.20 or more. The answer is no one. Barbara has sold 180M shares over the last several years. Emil and Barb has netter over $4 million for those shares. If they had not sold and waited for a settlement or trial and sold for $.25 a share they would have received $45 million vs the $4 million they received. Now that may be not as big a deal because Emil gets 40% of any settlement So a settlement that results in investors getting $.25 a share would net Emil $100s of millions. But it is not a good look.
And Chang selling is even worse. They say he is broke which sounds like a big lie to me. The man has sold $100s of thousands worth of stock over the last several years. If he believed in a good result he would hold the shares and sell for multi millions once the whales settled or a trial ended in a favorable outcome. If the trial takes place in the fall and the result is positive you will see a share price well north of $.10 a share even if it takes a year or 2 to receive the money. Chang would be out of debt forever. So his selling shows no faith at all. Now we have others as well including Williams and Clifton just filed to sell. However, Clifton has not sold yet.
My one hope is Clifton filed hoping for some sort of event to finalize that would allow him to sell at a much higher price. If that was the reason for the filing it is a good sign but I would have expected him to wait until just days prior to the event to file. But he filed in mid Feb and we were wearing here that some sort of event could happen by the end of the month. unfortunately, like everything else the rumors never come true. Hopefully, whatever was going to happen is true and happens in April or may.
2) The other reason is because I think you are a childish rude person. I have lost money in many stocks through the years. What I don't like is a person calling up to yell at another person for something they post. Plus blocking their number so I don't know who is calling. Like VPLM that is very deceitful. The truth is these board mean nothing and 90% of what is written here is meaningless. The only thing that is important is Greenback and others that post trial information.
Now I will finish on a good note. There are several trial dates set for the second half of 24. The company has not issued a PR on any of these. However, if they are accurate and the dates are not moved the share price will likely begin to rise into the trial date. If Barbara stopped selling and the date grew near the share price would increase a lot faster. We are in April soon and there are trials in August. That is only 5 months away. What are the chances that trial date remains in Aug? I truly believe that if they don't move the date even with insider selling the share price is likely to move to $.04 - $.05 in the months leading up to the trial. We will see if the company announces the trial dates. If VPLM doesn't issue a PR on the Aug trial within the next couple months there is a lot smaller chance that it will actually take place. These trials are huge events for the company it is material to the share price. SEC rules say that those dates much be PRed to the investors. Anything that has a material impact to the share price is to be made public.
But as long as insiders continue to sell there is every reason in the world to feel they are not telling investors the truth about the cases in court now. I hope at some point the team stops selling shares.
I wish you, me and everyone else good luck with this companies future. A positive result gets you out of your car, allows me to finally retire and helps others I know have financial security. No one wants a positive result more than me. I hope it happens this year.
Where is the volume today. almost 3 hours in and volume is 49,000 shares.
With a company like this I would not be shocked to see 49,000 shares a day. I have been wondering who has been buying millions or shares every day.
I have to wonder if volume will continue to be millions of shares a day or drop significantly. I just don't know who the buyers are, especially with insiders selling and trial dates continuing to slide.
Date is reset for 11/4/24 not 4/4/24, Got excited about the post for a minute. Then I looked at the document.
As I said I fully expected the Aug date to be reset. Now it's 11/4/24, What makes anyone believe the date won't slide to 2025 later this year.
First date was 7/23,
Moves to 10/23,
Then delayed and Rich said a couple months but prior to year end 23.
Then Rich indicated a preliminary date of 2/14/24.
Then moved to Aug 24,
Now moved to Nov 24.
How long until that date moves to 2025.