Voip Pal Com Inc (VPLM)

[drumming4life]

Fair enough. I believe the only controversy left in the years long VPLM-Kipping/Kwan saga is the final disposition of the shares...either Kipping et al gets them or VPLM gets them.

For clarity, when any company issues or sells stock, the “record” truly never “leaves” the company per se as you’re only getting a reported “ownership” share in the company. The company treasury and transfer agent must keep records of the stock transactions/shares for financial reporting.

The issue here is who legally has an “ownership” right to the shares in question. If it is determined the initial transfer of shares was fraudulent, then VPLM would have the right to cancel & remove (think “return” here) the shares from the outstanding share count. If it’s determined that Kip/Kwan legally obtained & own the shares, then the TA should be ordered by the court to remove the freeze and allow them to be traded as the legal owners see fit.

Either way, hopefully this mess gets resolved shortly.