Voip Pal Com Inc (VPLM)

[Warren Buffet wantabe]

Deerballs

Maybe you can discuss this with Rich and find out about the status. I think everyone would like to get an answer. The trial has moved from Jul 23 to Oct 23 to Feb 24 to Aug 24 and now they are saying after the T-Mobile which means 2025.

I know I am skeptical but I am always praying I am wrong. I can only hope that the judge forces the trial to move forward. I remember everyone saying his nickname was the rocket docket. The word was Albright forced parties to go to trial and worked hard to get a settlement prior to trial. After more than a year delay there is no excuse to oppose an expert witness at this point. This is the big guys doing what they always do and bringing up something just prior to the trial that will force the trial to move back.

If I were Judge Albright I would say you guys had a year to oppose expert witnesses and doing it at this late date is not going to stop the trial. Unless VPLM added the expert witness in the last month or 2. If that is the case this is all on VPLM's legal team and they would know the witness was going to be opposed. That would be an indication that Hudnell and Emil don't want to go to trial.

No matter what the situation the date of the trial was set early in the year and there is absolutely no reason to delay the trial longer.

My guess and hope is that Albright rejects the delay and forces the parties to go to trial.

Also last year they indicated that there were many meetings between the 2 parties in an attempt to settle. I haven't seen anything like that this year. I will agree with Deerballs on one thing. I do think it is likely the case is settled prior to a trial taking place. If the judge forces this trial to take place in Aug I would expect a settlement in July or Aug. The question is what would the settlement look like. They have settled 2 cases thus far and both seem to be for virtually no money. I think they got $185K last year and based on no PR I would anticipate the recent settlement to be something similar. Maybe slightly more but a couple hundred thousand does nothing. It is $100s of millions that is needed.

There are many parties yet to be sued. I would assume that each one could yield a few $100 million. If they settle this for anything over $100M it would be huge. $100M is about $.02 a share and $250M is $.05 a share. A settlement of anything over $100M will result in a share price of $.10 a share or more again.

I have yet to see how much VPLM is asking for in each of these cases. Have any of the filings provided a number?

But I am expecting that the trial is delayed to 2025. I am hopeful that the judge says no but the big guys normally get what they want. They have 10 lawyers for every one working for VPLM. I haven't seen any indication this is finishing soon and in our favor. If Emil/Barb were the only insiders selling I would feel better. If everyone stopped selling I would begin to believe the future might finish with a decent settlement. But that has not happened. The 3 form 144s filed on the 17th do not provide confidence that selling has stopped.

Clifton filed earlier in the year to sell 21M shares and didn't sell any shares. Now he filed to sell 15M. Hopefully he decides not to sell again. The insiders could start selling on the 15th. The share price has fallen closing around $.0175 on the 13th. Since then it has fallen to $0.0155. A fall of 2/10ths of a penny is tiny but it is 11.4% in only 5 trading days.

If they trial date moves to 25 and the insiders continue to sell I would anticipate a move to $.01 prior to the trial. This is like the boy crying wolf. Everyone believed last year. They have set new dates several times. Every time it slides investors have less confidence that the date of the trial is real.