Hmm, where to start. For one, there is not a reputable brokerage that would have allowed this to happen, this particular broker established a trading platform in Belize and the Caymans quite obviuosly for the illegal type of transactions being investigated here. Nowhere in this filing is VPLM or any of the current officers being investigated. I will never deny the fact that Kipping was or is a fraud and was a stock selling machine. Just for a point of interest, I never bought one share in Kippings VPLM, but i certainly do not believe this incarnation of VPLM operates in the way he did. I am not sure if you have ever seen a stock cert issued with the restricted legend on it, it also includes the date of issue and I can assure you that the broker I deal with will not even deposit a share cert for VPLM given the chill on the stock which BTW was placed on VPLM because of questionalbe financing completed by Kipping. That document is public record to.
Getting the chill removed is something that has been attempted but until there is a resolution to the current situation involving the cancellation of shares that Kipping and Locksmith and the rest of them created, there will be no removal. Once this is resolved, they can proceed with that situation.
Sawyer said they have tried and are trying to do so,this is part of the process. Additionally, VPLM reported they found questionable transactions and reported them, well obviously this is proof of that process.
As far as I am concerned, I can't wait for this to all come out in the wash...
