Todor Pichurov

VOIP Pal.com, Inc. (OTCMKTS:VPLM) Up in Leaps and Bounds

by Todor Pichurov October 3, 2013
03VPLM_chart.pngYesterday the stock price of VOIP Pal.com, Inc. (OTCMKTS:VPLM, VPLM message board) had another big green day, closing 22% up on strong share volume. Over 3 million shares changed hands by the closing bell and the stock found itself sitting at $0.20 per share.

After spending all of last year under $0.05 and most of 2013 under $0.10 per share, VPLM went wild over the last five sessions, doubling in price. The stock's last jump may have sent it a little too high for its own good, as just in the first three quarters of 2013 we've had the opportunity to watch numerous other pennies climb in the blink of an eye, only to come thundering down and drag along everyone who thought they could run forever.

The company's last quarterly report is pretty much in line with what one could expect from a pink sheet enterprise. The brief summary of the numbers is as follows:

  • $1.9 thousand in cash
  • $812 thousand in liabilities
  • $20 in quarterly revenues
  • $475 thousand in quarterly net loss

In addition to those dismal figures, being nearly cashless, the company is in the habit of paying for services and settling debt through stock issuances. The company issued 58 million common shares over the quarter ended June 2013, all of them as settlement of debt or as professional service fees. The most exciting bit of recent PR from VPLM is their Sep 26 announcement of their second issued patent, covering 'Enhanced 911' and 'Routing, Billing and Rating'.

Considering the uninspiring balance sheet and the huge upward swing over a very brief period of time, traders should keep in mind that the ticker could swing back at any time and should be extra careful.

7BZNE_chart.pngThere were other big volume movers in yesterday's session. Those include Biozone Pharmaceuticals, Inc. (OTCBB:BZNE) who dropped once again, closing 4% down. The ticker has now wiped nearly all gains made over its last excited two-day green excursion. Titan Pharmaceuticals, Inc. (OTCBB:TTNP) had a strong session and managed to close 11% up on just over 1 million shares traded.

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