Anastas Gegov

Voip-Pal.com Inc (OTCMKTS:VPLM) Goes Further Up

by Anastas Gegov February 12, 2016

After a slide in the past couple of months of 2015 we saw the stock of Voip-Pal.com Inc (OTCMKTS:VPLM, VPLM message board) stabilize in the beginning of this year and it even began to climb the charts recently, recovering much of the lost value.

 

The company itself is pretty mediocre and the numbers contained in its financial filings are a testament to that. Here is a quick example of some of the contents of interest that we found in the balance sheet for the yearly period ended September 30, 2015.

 

  • cash and current assets: $773 thousand
  • current liabilities: $43 thousand
  • annual revenues: ZERO
  • annual net loss: $1.6 million

 

And while VPLM is pretty mediocre, we can’t say the same about its claims. The company has filed lawsuits against people that allegedly “systematically conspired, schemed and defrauded” the company and its investors. The so called “scheme” involved fifteen offshore entities that the company intends to bring to justice.

 

Furthermore, a PR from yesterday announced that VPLM has filed lawsuits against Apple Inc. (NASDAQ:AAPL), Verizon Wireless Services, Llc, Verizon Communications Inc., AT&T Inc. and AT&T Corp claiming more than $7 billion in patent infringement damages.

 

This pushed VPLM a further 11.39% up the charts yesterday and we saw the ticker close at $0.131. The volume was also far bigger than the average and the 3.35 million shares that changed their owners generated $449 thousand in daily trade value.

 

It seems, however, that VPLM’s upward run might have come to an end as the ticker is already sitting 8.40% in the red in today’s session. In any case, be sure to do your due diligence and weigh out the risks before putting any money on the line.

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