VOIP PAL.com, Inc. (PINK:VPLM
, VPLM message board
) successfully rose up from the six-month bottom in the last two weeks. Some new press releases have so far accompanied the rise, while today a paid stock promotion will also help VPLM stock.
The last session closed with another 12% increase of the share price at $0.014. The trading volume was also above the average with 1.17 million traded shares for the day. As of yesterday, VPLM has several more resistance levels to overcome, but the technical indicators show that it may do this in the coming days.
There is one more reason to expect another following jump of VPLM today and it is namely its latest promotion from yesterday evening.
A new promotional e-mail dedicated to VPLM has been sent after market close. The exciting picture of the company that is paints is worth $10,000 in cash - the expected by the promoter compensation for the marketing service.
Unfortunately, nothing points currently that VOIP PAL.com could be the next Skype, and become a major buyout candidate. The company's websites still get very low attention from users as the rankings show, and the company had as of end-June 2011 almost no cash to develop further the technology it claims to have, only large debts to pay.
Yet, management says in the latest quarter report that the first revenues should be reported over the next twelve months. For now, that remains only an optimistic expectation. This Monday, an announcement said also that VPLM has reduced its total debt by 30%, but that makes one only wonder how exactly did that happen.
At the end of this June, VPLN reported $247 in cash and $298,623 in total assets, while the total liabilities were $413,317. Total number of authorized common shares is 300,000,000 and there were 180,336,797 issued and outstanding shares as of June 30, 2011. the company is also authorized to issue up to 1,000,000 shares of preferred stock.