It's classic ankle nipping. They start the paper work on giant companies only and sue for billions or millions and hope the biggie even bothers to send them away with about a 3% payoff. The here, take this 2 dollars and leave us alone you homeless bum payoff.
Lawyers do that a lot. Ask for crazy amounts, knowing that they'll still get a good chunk just to go away.
Enforcement’s complaint alleged that Hurry violated Section 5 and thus Rule 2010 because he was a “necessary participant and substantial factor” in the unregistered sale of the securities of three issuers, Neuro-Hitech, Inc. (“NHPI”), Voip-Pal.com (“VPLM”), and Orofino Gold Corporation (“ORFG”), without an available exemption.3 Hurry’s indirectly-owned broker-dealer, Scottsdale Capital Advisors Corporation (“SCA”), was alleged to have executed those sales on behalf of foreign financial institutions
—— I also had a few notes dating back to 2014 involving some strange press release Not sure what happened since then. Not interested in looking at this point. Especially if it deals with another PATENT scheme. (Like MILV)
Voip-Pal.com Inc. Begins Event Specific Blackout Period for Company Officers, Directors and Insiders
BELLEVUE, Wash., Jun 05, 2014 (BUSINESS WIRE) -- Voip-Pal.com Inc. ("Voip-Pal", "Company") (OTC Pink: VPLM) announced today that as a result of discussions with various potential buyers and/or patent licensees, the Company is enacting a "Blackout Period" pursuant to the Voip-Pal Trading Policy approved by the Board of Directors on March 12, 2014. The purpose of the Blackout Period is to preclude specific individuals and entities close to the Company from trading Voip-Pal stock during the Blackout Period. This will allow its board members to consider an event or events that may occur that are material and known only to a few directors and/or executives. The Blackout only affects past and present Company Directors, Officers, Attorneys, Investor Relations Personnel, Insiders, close associates of Insiders or those perceived to be Insiders as a result of current or prior involvement with Voip-Pal. The Blackout Period takes effect at 9:00 AM (EST) on June 6, 2014 and is scheduled to be in place until the close of the market on June 20, 2014. The Company may shorten or lengthen the Blackout Period as events warrant. The Blackout Period only pertains to the aforementioned and will not affect the public at large. The stock will continue to trade normally. Voip-Pal has notified the affected broker dealers, stock clearing firms, and all affected shareholders. The transfer agent for Voip-Pal has been informed and instructed not to process any transfers during the Blackout Period involving all covered persons and/or entities. Dr. Thomas Sawyer, Chairman and CEO of Voip-Pal, stated, "This Blackout Period should not be an inconvenience to most shareholders, and those that are affected understand the requirement for such action during periods of discussions or negotiations. This action is a necessary step which will allow the Board of Directors to proceed with the business at hand in a compliant manner and protect the interests of our shareholders."
About Voip-Pal.com Inc.
Voip-Pal.Com, Inc. ("Voip-Pal") is a publicly traded corporation (OTC Pink: VPLM) headquartered in Bellevue, Washington. The Company owns a portfolio of patents relating to Voice-over-Internet Protocol ("VoIP") technology that it is currently looking to monetize.
And, where is that a requirement? VPLM and Virnetx(VHC) are very similar, with VHC just further along in pursuing their lawsuits against aapl. Virnetx has no real business, yet they have nearly $1Billion in patent infringement judgements against aapl!
Kinda throws that patent troll business out the window! Oh, and VPLM was granted and issued all patents they hold! VPLM did not buy the patents!
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