VOIP PAL.com, Inc. (OTCMKTS:VPLM) Soars On Expectations

VPLMchart.pngAfter sliding down for three weeks in a row the stock of VOIP PAL.com, Inc. (OTCMKTS:VPLM) finally reversed its direction during last week’s trading. The stock posted impressive gains of more than 22% on both Wednesday and Thursday but they were overshadowed by the massive surge performed on Friday. 

VPLM simply exploded adding 52% to its value and closing at 0.252. During the day VPLM went even higher and reached a new 52-week high of $0.324. The stock attracted so much attention that the traded volume for the day of nearly 5.5 million shares was nearly 5 times higher than the one from the previous session.
Although VPLM displays some of the typical warning signs associated with the world of pennystocks they were able to make significant progress during the past year. The company was able to successfully build its portfolio of five VoIP patents, with a sixth one awaiting issues. On the financial side of things VPLM improved their balance sheet by removing over $1 million of debt and at the end of March reported the following numbers: 
  • $114 thousand cash and current assets
  • $33 thousand total liabilities
  • ZERO revenue
  • $141 thousand net loss
It is important to note that the reduction of the liabilities came at a rather steep price. Back in October and November last year VPLM issued millions of shares at a rather cheap prices ranging from $0.02 to $0.08. At the same time the market price of the stock was consistently sitting above 15 cents and on quite a few occasions moved above 20 cents. As a result of the significant issuance of shares VPLM were forced to increase their authorized shares from 900 million to 990 million.
Judging from the performance of the stock on Friday though it seems that investors have drastically changed their sentiment towards the company. And the reason for it can be found in the latest PR issued by VPLM. In it the company announced that a Blackout Period starting from June 6 and ending on June 20 has been put in place. This means that insiders of the company are forbidden from trading with the company’s stock during the duration of the blackout. The reason behind such a drastic decision is the fact that VPLM has entered into negotiations with potential buyers or patent licensees. 
With the blackout ending in just a couple of weeks it is safe to assume that more details about the progress of the 9AEGYchart.pngnegotiations will be revealed soon enough. Until then though it may be for the best to exercise caution when dealing with the stock. Do you own due diligence and never invest unaffordable sums. 
On Friday the SEC continued its crusade against suspicious marijuana pennystocks with two more getting suspended from trading. This time the Commission targeted the companies Alternative Energy Partners Inc (OTCBB:AEGY) and SK3 Group, Inc. (OTCMKTS:SKTO). The two companies had plans to merge together into one entity but we will see if they continue with it now that they both got suspended.

You may also like...