Voip Pal Com Inc (VPLM)

[drumming4life]

IMHO, $ 5.5 Billion would be negligence on the part of the BOD. A BOD in a PUBLIC company is bound by a Fiduciary Duty of Loyalty (FDOL) or they can be sued by any corporate stakeholders. As NOLO.com defines FDOL, the Officers & Directors owe a Duty of Loyalty to the corporation and shareholders. They are expected to put the welfare and best interest of the corporation above their own personal or other business interests.

If the potential damages are so significantly higher, and there is a reasonable likelihood that they can achieve at least 50% of the $ 298 billion maximum, why would any BOD, or any sane shareholder for that matter, vote to dump the company for pennies on the dollar at $ 5.5 billion? Makes no sense to me.

Voip-Pal made it through the the last 18 months fighting for their survival and finally can smell some sort of financial gain for their pain, why settle so cheap?