Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I have been told by some knowledgeable people, rightly or wrongly, that cancellation of trials has to do with a dispute at pre-trial over some verbiage of patent claims judged "ambiguous" with respect to calculation of damages. It is something that can be fixed by VP but the company doesn't want to make any statements because they would need, in order not to sound like it is a major setback, to indicate their course of action, something they don't want to disclose to defendants just yet. At the same time, there is another process going on, something that DB is probably alluding to and something that started last fall but taking much longer than expected, though should finish soon... I guess. This something is taking a lot of effort in terms of manhours and funding... perhaps that is why some people who work for the company and are not paid or not paid enough are selling granted to them shares.
I have been trying for the last several weeks without success...unusual. In the past I had no problem exchanging texts and phone calls with him.
I know he was on vacation but back already for a couple of weeks. Strange that he is not responding at all.
You should have noticed that when insiders stopped selling in May the price still have not gone up. The PPS is not going up because insiders are selling but because there are no/ not enough buyers willing to pay higher price. However there seem to be enough interest at these levels 0.015 to 0.017 to consume all the shares the insiders are selling to prevent PPS from collapsing. Most institutions are not buying penny stocks and vast majority of individual investors know nothing about VPLM and the lawsuits ... until WSJ will write about it after the fact. Many long term VPLM shareholders like me who already have loads of shares bough at higher prices may not be willing or able to commit any more cash to one position. "ham" is right, we the VPLM shareholders community need to promote the stock on social media. I don't know about this summer but as a worst case scenario a year from now the price will definitely be much higher.
The blackout period, insiders cannot sell
Who do you think is willing to sell millions of shares daily at these levels? Cannot blame the insiders this time...
Perhaps short sellers? Any ideas?
" why “VPLM attorneys of course “? "
Simply because VPLM attorneys tell VPLM board what not to do, not someone else's attorneys. Why they instruct the board so is another question, something I don't know. Perhaps part of their tactic / strategy "not to litigate in public". VPLM lawyers most likely are not concerned with where PPS is at any given time until the end of the trial / settlement / buyout.
VPLM attorneys of course.
I want to see amount of damages just like you and other shareholders but there is no requirement for them to release this info before trial. I suppose they may present a formula and let the jury decide. And for whatever reason they want to be cautious and not disclose it ahead of trial.
The $0.15-0.20 is base on about 5-5.5 billion shares fully diluted (based on currently issued 3.2 billion) and a settlement or judgement in the first case of $1 billion. I assume this as a minimum. And I never said that I like it or that it is all I expect.
When VPLM shares briefly traded at $0.42-0.45 PS the number of issued shares was much much less... I don't remember exactly but I think under 1 billon and there were hyped expectation that it is going to a dollar or higher. I am a bit more pessimistic this time but still hoping for ultimately over $0.5.
I was told we will not know the amount VPLM is seeking prior to trial, the lawyers are not allowing it. But it should be well over $1bil for just Verizon. If it is just $1bil that should translate into at least $0.15-0.20 PS. And if there is a settlement of this magnitude it will be announced.
Regarding insider selling - it is only 3 people that has been selling and Barbara is the only one of significance. I said way back that she is unlikely to stop selling until she liquidates all shares, regardless of the price. And it has nothing to do with knowing something bad about the prospects that we don't know about. On the contrary and that is why she cannot stop selling so that she is not accused of insider trading. Luckily there are people willing to add to their positions at these low levels.
You forgot one thing though: once you get those shares from the company you cannot clear them for sale for at least 6 months, usually a year. You also need to get a legal opinion, receive new certificate from clearing agent and deposit with a broker (only a handful in the country will take a penny stock cert) . So a minimum of 6.5 -7 months after one can possibly start selling.
Since you don't know shit by your own admission no need to give any regard to your posts
Unpaid means he is not receiving a salary that is why he is selling some shares. Even if you know for sure that the price will be $0.50-1.00 in 6-12 months but you have to pay your bills and you have a boatload of almost no cost shares you can sell now, what would you do?
If someone is being sued it doesn't mean that someone has done something wrong. Neither Emil nor VPLM have been convicted of anything yet.
Looks like this board deteriorated into what is resembling a food fight, instead of food different kinds of BS is thrown around with very little useful information to be had. I thought I would talk to Rich Inza for a change to find out what is going on. Of course if you believe that Rich is part of a scam... and that Elvis is still alive, and that 9/11 was an inside job and moon landing never happened - please disregard this message.
- I spoke to Rich on Friday a few hours before the new trial date for VZ was announced and he said that it is likely that the dates will be pushed into summer because the defendants keep objecting to earlier dates claiming conflict with prior obligations. TMUS trial should be around the same time as VZ. No updates yet on Amazon.
- There are no announcements / letters to shareholders about behind the scenes negotiations and agreements because of very tight NDAs and attempts by the defendants to turn any advance and prior communication from the company against them in court. Rich said he cannot even comment about the figure in the income statement as to where it came from or whether it is a one time or recurring amount.
- There are negotiations going on that could make distant trial dates irrelevant (my conclusion from what was implied).
- Regarding insiders selling: there are only three people selling and it is not based on their expectations of some troubles and lower prices ahead – Barbara, Dennis and Kevin. Kevin is an unpaid director, selling little to cover his expenses, his selling doesn’t affect anything. Dennis is broke, needs to raise cash and has plenty more shares to benefit him later when the price is higher. Barbara is a special case. She placed her shares into a liquidation account earlier on and cannot stop selling now or it may be construed as insider trading if the stock suddenly goes up on good news. So whatever number of shares is still left in that account they will get sold whatever the price is, even if the price drops to below 0.005. Doesn’t matter how many capital letter posts some clowns will put up bashing Barbara and calling her names – it will have no effect on anything – she is not controlling the sale of those shares.
- By the time everything is said and done we should expect about 4-4.5 billion shares issued (fully diluted), considering warrants and options. So take that into account and stop complaining on a daily basis... unless of course you have nothing better to do.
NOT True! I (and I assume many others) have 2 mil shares in a form of a certificate (restriction removed) but I cannot deposit it yet and therefore cannot trade.
So it is unrestricted but not necessarily tradable.
Was hoping someone will post something useful... but no...
Apparently the new first court date is set: Feb 10 ... and some other minor news suppose to come out in September.
By the time everything is set and done, all warrants and options exercised the share count will be close to 5bil anyway... so what is the point of bitching about dilution all the time?
If you don't think VPLM will get $1.5-3 bil out of this you are in the wrong stock
This post reflects frustrations of most of the VPLM shareholders ... that is why I copied it and sent to Rich Inza to comment on. He called me back before I even finished texting.
I have known Rich as long as I have been an investor in VPLM, which is more than 10 years and I communicate with him periodically. Some people on this board accused him of lying - WRONG! He may not tell you everything he knows, only what he is allowed to say... but he would not lie or misrepresent. Here is what he told me:
- Some people associated with the company are selling for various personal reasons not related to prospects for the potential results of litigation or settlement. In fact, everyone is upbeat about the near term prospects like never before. Barbara in particular has provided the company substantial funding in the past when they couldn't raise money from other sources and is allowed to sell a portion of her large holding, not all of it. He agrees that optics of it is not good and they may be making some release of info to clarify in the next couple of weeks. Selling by "insiders" will stop between Aug 1 and Aug 17, around the release of quarterly results.
- They are not allowed to provide details of settlements but it was all good for the company, besides the fact that litigation in California and PTAB have gone away.
- Trial date is being changed from October by Albright and new dates are not yet known. It is a possibility that it will end up in January because holidays and vacations. Unfortunate and not for sure but possible. They are laser focused on the 3 trials in Waco and the feeling is that they either settle and/or the company may be bought out.
Generally speaking you need to hold restricted certificate for 1 year before restriction can be removed (if you have "intent to sell" restriction can be removed after 6 months) - it will cost you considerable money because these days you need a written legal opinion to remove restriction. However, when after several weeks process you obtain an unrestricted stock certificate almost no large brokerage, like Fidelity, Merrill, JPM will allow to deposit you certificate if the stock price is below $0.25. There is also criterion of market value. There are select few brokers who will take penny stock cert but will charge an arm and leg in various fees.