"Is it time yet to face the reality that the only reason anyone bought this stock was for greed?"
I can't agree with that. It's true for some I suppose but in my case and others I'm sure, I bought in way back before any of what you suggest is true. I got in somewhere around 2009 or so. I know it was that far back because that's when I started buying stocks, having recognized the apparent major opportunity to get into it after the big crash, even though I knew absolutely zero about stocks and the market. And also because I remember getting in somewhere 1 to 2 yrs before I discovered there was a msg board. For a long time I had no idea there was this msg board. And I did register here almost back to 2010, so that puts me getting into vplm near 2009. Thats almost 15 yrs. It was long before there was even any talk about patents. I had rcvd a tip about vplm and when I saw it was a company involved in voip, I was already aware of voip and thought it would get very big because it already was getting big.
I don't consider that greed per se. Greed is a funny and somewhat ambiguous word. Where does it cross the line from simply wanting to leverage things to make a profit.....to becoming obsessive or overreaching, thus greedy?
And the way you characterized it is all wrong... It sounds as though you're channeling your own feelings into what the rest of shareholders thought and believed. You need to, as I have often recommended ppl do, go back and read the history of this board. Only then, can you truly know what everyone was thinking as it's all documented right here.
Doing so, you would find that some or many had already got on the bus long before any talk of acquisition or patents. Then, fast fwd to about 2011 when almost to a person, all believed in the BS story STORY (read yarn) that vplm began putting out there (read spinning) in what is to me, the infamous PRs put out repeatedly, one after another, full of lies, by Dennis Chang, then CEO or president or whatever the hell he was. It was those story spinning PRs that persuaded me and many others to buy and buy or to become new shareholders. Many BIG promises were made in those PRs, which were never honored, BUT THEY DID INDEED GARNER MANY NEW SHAREHOLDERS AND SOLD MANY SHARES (to get the managers of vplm all setup). To be honest, I can't say for certain if and when the scamminess began before this or later on after lord Emu took over. It's possible that those PRs I refer to were on the up and up until after the deal was done completely and lord Emu came in. So what parts kipping, sawyer, Chang played, in terms of when it went rogue, I can't say for sure. It became known to me that something was very wrong when it became apparent that vplm was up for sale. All the plans, and the plans were fantasic and exciting, were abruptly thrown under the bus. And then lord Emu took over. So hard to tell how early the scamminess started and whether it was preplanned or evolved.
Point is, the word greed has a perjoritive component, as tho the ppl that invested in vplm were doing so for some untoward reason. I don't see that. Perhaps for some, but most, as you can read the history here, just wanted to invest in a winner. I don't percieve that as greed. It's like any other business. You invest in it and try to see a profit. Calling it greed kind of makes it the fault of the shareholders when it doesn't happen. Where I fault the shareholders is letting vplm slide and getting away with the way things have gone.
All my commentary is to be considered as my personal opinions, to which I am entitled. And there is no proof of said opinions unless I offer it in the comments.
