There are two sides to every story. This is what I have discovered. These are my personal opinion and understanding of the situation. I am not trying to upset or distort any information. Please post your findings so we can get a better picture
VPLM side of the story (claims)
#Mr Francis and Mr Russell stole Bleam and sold it to VPLM. Because of this VPLM and Kipping refused to abide by the terms of the agreement. Supposedly the other owners were bletnitsky and kornlit they refused to officially state their claims so vplm got default against these claimants. I suppose there is no evidence to the claim
Bleam Side of the story (claims and allegations)
Kipping/VPLM approached Bleam with this offer: Platinum Tribe will invest (cash) ONLY if you agree to sell to VPLM. After the agreement platinum tribe defaulted yet Kipping and VPLM forced Bleam to sell to vplm.
#Bleam response to vplm claim above - ridiculous, excuses and misleading. Kipping/VPLM knew of these frivolous claims by these individuals. VPLM and Kipping assessed the entire deal and in writing agreed to move forward with the deal (there is evidence).
The allegation against VPLM/Kipping:
Creating offshore company solely with the intent to defraud (because offshores are outside US courts jurisdiction) is fraud
*Misleading bleam about your assets when vplm services were shutdown by sasperbox months (nonpayment) prior to the deal is fraud
Hearsay excuses to avoid making dues on your agreement is breach of contract
Intentionally issuing press release to manipulate the stock price is fraud
Using company money to pay Kipping production companies for illegitimate services rendered is cooking the books and fraud.
Inflating acquisition price and recording them in the books purely for the purpose of manipulating assets is fraud.
Engaging with offshore companies and trading firms to sell vplm shares as insider is fraud
Allowing non-affiliated member to control day to day operations of public company is breach of fiduciary duties
*Bleam claims vplm had ZERO everything yet deceived bleam during the merger. Bleam had IP voip platform, profitable, no debt and positive revenue and 50K customers
Bleam were looking into listing on the stock market. Bleam says VPLM had 0,0,0,0 vs Bleam had real assets. If anything Bleam should own majority of the combined company. Far-fetched however it could be interesting if you get the right verdict/judge.
The defendants have evidence to each allegation and will expose the truth in court.
Conclusion:
VPLM has default against the two guys claim to own bleam (not Russell and Assif)
Bleam as default against Kipping company Platinum Tribe (The offshore company)
Bleam countersued Kipping and VPLM and this matter is set for trial early next year.
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