Voip Pal Com Inc (VPLM)

[penny2pound]

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.