Replies to post #77315 on Voip Pal Com Inc (VPLM)

[Dogman 1955]

That's right VPLM is a typical OTC insider enrichment play. I think with the millions in bonuses they should at least be a little more transparent and change their ticker to TURD as that would be a more fitting ticker for VPLM , which is still REVENUE FREE after how many years.

[nomorerollbacks]

VERY INTERESTING INFO... THANKS

Egold Member Profile Egold Member Level Wednesday, March 13, 2019 4:43:35 PM
Re: None Post #
77315
of 77335
who's heard of Digifonica

Key Executives For Digifonica International Corp.
Mr. Mike Bowerman
Chief Executive Officer, President and Director
Age: 70
Mr. Magdi Emil Malak
Co-Founder and Chairman
Age: 65


The Company acquired Digifonica in December 2013. Pursuant to the terms in the Share Purchase Agreement (the “SPA”) the Company acquired 100% of Digifonica from the seller, the CEO of the Company (the “Seller”), for a cash payment of $800,000 and 389,023,561 common shares of the Company.

Sure as shootin Emil got some of that.

Here it is right here

The SPA included an anti-dilution clause (the “Anti-Dilution Clause”) that requires the Company to maintain the Seller’s percentage ownership of the Company at 40% by issuing the Seller a proportionate number of common shares of any future issuance of the Company’s common shares. Shares issued pursuant to the Anti-Dilution Clause are recorded as a share issuance cost within the Additional Paid-in Capital account (Notes 7 and 9).

Lets get this right right off the bat the ceo and president get 800 Grand and 400 Million shares to sell Digifonica to VPLM LOl

And they get a anitidilution clause to boot to maintain 40% ownership

For what

To collect 5M bonuses LMAO

[penny2pound]

You do realize, of course, that if this is a "scam" as so many like to cry over, and over again, without offering any more offers of proof beyond tidbits taken out of context and tired old one liners - that any share based compensation, bonuses, etc. that are not free trading, and being held for the express purpose of maintaining controlling interest in this company are worth exactly zero, if the stock is worthless?

Hmmm...