Voip Pal Com Inc (VPLM)

[sunspotter]

"Prove this statement:

"But the DTCC know a share selling scam when they see one, which is why they have issued a chill on VPLM:""

VPLM admit there is a DTCC chill in their own "reports", as I have already shown:

http://www.otcmarkets.com/financialReportViewer?symbol=VPLM&id=109705


Presumably you accept that as reality.

And as for why DTCC chills penny stock scams like VPLM, there are various reasons given. But when a stock is chilled for nearly two years, as VPLM has been, anybody who knows about the sleazy penny stock market where VPLM chooses to operate also knows it's because there are serious concerns about malfeasance in the issue and recording of shares by the company and its insiders:

"Chills and freezes can be imposed on securities for more complicated reasons, such as when DTC determines that there may be a legal, regulatory, or operational problem with the issuance of the security, or the trading or clearing of transactions involving the security. For example, DTC may chill or freeze a security when DTC becomes aware or is informed by the issuer, transfer agent, federal or state regulators, or federal or state law enforcement officials that an issuance of some or all of the issuer’s securities or transfer in those securities is in violation of state or federal law. If DTC suspects that all or a portion of its holdings of a security may not be freely transferable as is required for DTC services, it may decide to chill one or more of its services or place a freeze on all services for the security. When there is a corporate action, DTC will temporarily chill the security for book-entry activities. In other instances, a corporate action can cause a more permanent chill. This may force the issuer to reapply for eligibility altogether."

http://www.sec.gov/investor/alerts/dtcfreezes.pdf