Anastas Gegov Inc (OTCMKTS:VPLM) Crashing Once Again

by Anastas Gegov May 13, 2016

The last time we wrote about Inc (OTCMKTS:VPLM, VPLM message board) was back in the middle of February when the ticker managed to surge up the charts and ad impressive value over the course of just a couple of sessions.


The reason for the hype was that VPLM announced that it’s going to sue Verizon Wireless Services, Llc., Verizon Communications Inc. (NYSE:VZ), Apple Inc. (NASDAQ:AAPL) and AT&T Inc. (NYSE:T) in a $7 BILLION patent infringement lawsuit. Meanwhile, the company isn’t in such a great shape.


  • cash: $480 thousand
  • total assets: $1.8 million
  • total liabilities: $21 thousand
  • revenues: ZERO
  • net loss: $712 thousand


VPLM seems to be one of those patent trolls that put no effort in putting any product on the market and try to make people pay for infringement of patents. The company did try to reach a settlement, but has so far failed and recently announced that it has officially served the defendants for the cases.


It seems that this is more of a bluff. It would appear that the discussions with the defendants have not gone very well and VPLM still says that they haven’t ended the discussions after they server the parties in the lawsuits. This, however, didn’t manage to excite investors and we see VPLM sliding in the past couple of sessions.


Yesterday the ticker dropped 10.53% in value and closed at $0.085. A total of 1.04 million shares changed their owners, but managed to generate only $92 thousand in daily dollar volume at those prices.


VPLM look as bit better in today’s session, but its hefty market cap must not be underestimated.

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