Freaking Chang, Barbara and Williams are pathetic.
I love how Rich tells us he never sells. I wonder if someone is selling on his behalf and will take his shares later. I don't like to say that but I don't trust him anymore. I have been told lies too many times. I don't want another potential date. What I want to hear is what is VPLM doing to get a date set.
Barbara filed her 144 in early Dec to sell 12 million shares over the next 3 months. After the sales this far she has approximately, 10,890,595 shares left to sell minus the number of shares sold between the 29th and today.
Williams is the only one that has been selling slowly but his 270,000 shares sold at the end of Dec is pathetic. He has another 910,281 shares he can sell prior to 1/16/24.
Barbara sold 1.3M shares from the 27th to 29th. Her 144 less the sales gives her another 10.9M shares to sell prior to 3/1/24
And Chang sold 275,358 share between the 27th and 29th. He had 375,358 shares remaining to sell. That likely would have been sold by now. But then you will see another document with 10,000,000 more shares for Chang exercised on 1/3. They sold 2,475,248 shares to pay the exercise price of .005 or $50,000. Those were sold on 1/2 and 1/3. So he sold those shares and now has another 7.5M shares to sell. No 144 has been filed at this time but I expect that 144 within the next few days as he has no additional shares to sell.
So the volume from the 27th to the 29th totaled 7.6M shares traded. Of that 2.05M was insider transactions. That is 27% of the total volume during that period.
On the 2nd and 3rd total volume traded was 3.14M shares and Changs sale was 2.48M and likely he and Barbara sold additional shares. but I won't count that. So insider transactions, (Chang only) was 78.8% of the volume over those 2 days.
I thought there were rules on how much of the volume could be from insiders. I thought someone once said only 10% of the daily volume could be generated by insider sales.
That is sure not true. For the 5 day period the insider activity was 42% of all the activity.
I am not calling Rich on this until the end of January. But I am getting in contact to talk insider sales, and trial dates if the trial is not set by that time. If it's not on the calendar by the end of January it means the earlies it could be scheduled would be May and likely would occur in May -Jul period. There are many things that need to be scheduled prior to an actual trial. The movement of the trial date from last July to spring or summer on 24 is pathetic. No excuse for the sliding date. Obviously Alright is letting it slide because both parties are fine with the delay. If VPLM was pushing it the trial would have been scheduled. My guess is that insiders are fine so they can continue to unload shares. Change will now unload another 7.5M shares to sell of the 10M shares exercised. That is the same number he sold in 2023.
Proceeds from 2023 sale of shares
Chang =$174K.
Williams = $87K
Barbara = $2.1M
That seems to be a large payoff for Emil/Barbara, Kevin and Dennis. Seems pathetic that they feel comfortable selling more shares.
If they allow Barabara to buy 25-50M shares at $.005 a share I will be very angry. The company should have been raising funds at $.02 - $.05 a share in 2023. Instead they issued shares at 10% -25% of the share price they could have gotten. Not planning to look up the shares issued in 2023 but the dilution to existing shareholders could have been much lower had they issued the shares at $.02 a share.
Had insiders held their shares in 2023 rather than selling a total of 69 million shares I would assume the share price would be much higher that $0.02 a share.
