Replies to post #85421 on Voip Pal Com Inc (VPLM)

[drumming4life]

There was NO change in control to report...there was NO deal!

If Emil AGREED to sell his shares, then yes, they would have had to file an 8-K upon agreeing to the deal. Nothing needs to be filed UNTIL there is a deal agreed to be executed! Look up the SEC reporting rules yourself. If there is no agreement, there is no deal and there would be no “material” impact to the actual company financials.

[drumming4life]

You’re conflating 2 different issues using flawed logic.

On one hand, your saying Emil has and will always maintain majority control of VPLM, through the anti-dilution clause, which is true...unless he sells the company.
If a change in control agreement were to be executed, this becomes a material event triggering a SEC reporting requirement.

On the other hand, you profess shareholders should be “privy” to inside information, which is false. The offer, which was most likely covered by a non-disclosure agreement, may or may not ever be executed. Making shareholders “privy” to company info is done through press releases...which many here claim are just to pump up the shares price. Imagine the screaming if VPLM did put out a PR on the deal and the price jumped then tanked when the declination decision was made!

SEC reporting and company press releases are not the same thing. One is a statutory requirement to remain compliant with the law and the other is public relations/marketing! Two totally different things.

But hey, no big deal, Apple doesn’t announce or disclose actual acquisitions either and they’re a multi-billion & allegedly “fully transparent” company!