Voip Pal Com Inc (VPLM)

[Warren Buffet wantabe]

Talked to IR recently.

I argued with Rich on the affect of Barbara selling. He thinks that the selling is not having an effect of the price. Feels it is the lack of news. I think it is both. He did say the date for the trial has been set for mid Feb. No announcement until the judge puts it on the docket.

My reasons for the fall in the price.
1) Barbara selling and other insiders as well.
2) lack of positive developments about the trial. Trial was delayed to Oct and now to Feb and they have not announced the date. The rocket docket is not an accurate description thus far.
3) Settlement announcements with Amazon and others with no financial component. These may be the right decision and the company can't discuss it but investors don't understand. My opinion is this is a bird in the hand is worth 2 in the bush. We have a trial upcoming and it should create a decent settlement. Who knows what the result will be. But a risk was that the California courts would agree with an Alice motion that would throw a wrench in the Texas cases. Better to give up the California cases than risk the Texas ones. Just my opinion. But the company has not done a good job of explaining these settlements to shareholders. But settlements with no financial amounts to VOIP looks bad.

Personally I argued that selling is a big reason for the drop. The price might not be $.10 today but it likely would not be sub $.02.

It seems clear that Barbara is a factor in the fall. I would argue the majority of the reason.
If you have balance in buyers and sellers and you add sales of 1.1M shares a week it will throw off the balance and make the price fall. Chang and Williams are just adding to the downward pressure.
The first filing from Barbara was on 5/17 for the sales in the past. The share price on that day was almost exactly $.10. Since that point Barbara has has 18 filings and sold a total of 19.5M shares. That is almost 1.1M shares per filing. That includes the weeks that she only sold a few hundred thousand shares because of the lockout period. So you can tell Rich so he can't deny it. When I know the fact and he does not it makes him look like he isn't knowledgeable or lies. Both are bad.

The other reason the sales are wrong is it sends a terrible message. They have no idea why she is selling in huge numbers. If Emil and Barbara are willing to sell sub .02 it shows little confidence in a settlement. I don't care how many warrants Emil has. Selling millions in shares is a bad look.

If I was Rich and Emil I would stop selling immediately. They just filed to sell 15M shares. I am not sure if you can stop that sale now. If possible you just stop all insider sales for the near term.

The company needs some good news soon. If Barb continues to sell I would expect the share price to be $015 or lower in the next few weeks. The price drops every day. If Barb continues to sell it indicates to Emil the risk reward for those shares is not positive.

Please stop the selling.