When Ma Bell said reach out and touch someone, she had no idea that 30 years later, land line service would be the dinosaur of communication only to be replaced by Voice Over Internet Protocal (VOIP). Traders who saw the future at the start of the year are touching someone alright after the penny stock of Voip-Pal.Com Inc. (PINK: VPLM) gained over 900%. With news continuing to flow and revenues less than the cost of lunch for 2 at a food truck, is the line beginning to crackle for VPLM stock now that the bag is out of the cat?
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VPLM Stock Quote
Market Cap: 26.10M
Last: 0.088 ▼ -0.0070 (-7.37%)
Dollar Volume: $146,844
Issued and Outstanding: 330,038,360
14-Day Rel Strength: 53.74%
14-Day Stochastic: 62.22%
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$10 in revenues for the three months ended March 31, 2013 just isn’t gonna cut it if Voip-Pal.com’s VPLM stock is going to keep flirting with the 0.105 high it set 2 weeks ago. News of patent pending applications can only do so much when you can’t bring in enough money in a quarter to be able to even keep the website up and running without digging into someone’s pocket.
Everyone with half a brain has some form of “FREE” or cheap phone service app installed on their smartphone by now so the newly applied for patents Voip-Pal.com applied for really only affects their target market: 3rd world countries. Even there, technology has adapted to the non-smartphone user to allow them to use services offered through PC’s which effectively produce the same cheap, quality service one can achieve by using an installed VOPI app.
With sales dropping to mere pocket change and the effect of VPLM common shares continually being issued for debt at amounts as low as $0.002, seeing VPLM stock continue to flirt with a dime is about to end making the first 5 months of 2013 truly a historic run for the cash poor Company and a lucky trade for those who held tight enough to strangle a gnat during it.
About VPLM Stock
Voip-Pal.Com Inc. is a broadband VoIP telecom company offering local and long distance VoIP services to residential and business customers.
Last 5 Trading Sessions:
The mini dump that came at the beginning of May is bound to happen to VPLM soon, sending the penny stock back down to the “under 0.05” level and retreating back to under 0.02. Unless your shorting, VPLM stock is not a play one would expect to see more positive trending from.
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