VOIP-PAL.COM INC.(OTCMKTS:VPLM) Crashes Horribly, Releases PR
VOIP-PAL.COM INC. (OTCMKTS:VPLM) has been on a continuous red streak ever since it became apparent that the company doesn’t have any relevant news that would justify the enthusiasm of its hyped-up investors. The company lost 24% in Thursday’s short session alone, and today it has pumped out another piece of fluff PR.
During the last days of June, word online was, that VPLM would release a hit piece of PR that will launch the ticker sky-high. As the charts clearly show, that did not happen. In fact, once the company ventured in the red, the ticker’s descent seemed unstoppable, its downward momentum only growing with each following session. Predictably, VPLM enthusiasts withdrew from the company in disappointment, but could they really have been surprised by this downfall?
After all, we’re talking about a company that was valued at $289 MILLION (before it began falling), despite having $114 thousand in current assets and NO REVENUES. It was quite obvious that this state of developments could not continue much longer.
Today, VPLM has pumped out another piece of PR, in what looks like another feeble attempt to regain its footing. This particular attempt can rightly be called laughable, because the news that the press release gave couldn’t be more vague, generic and devoid of meaning.
“Negotiations … prospective purchasers, licensees and partners continue to be conducted in order to assure the best possible outcome for Voip-Pal shareholders”. However, “Unfortunately (for those same shareholders) Voip-Pal cannot disclose additional details at this time, due to non-disclosure/confidentiality agreements.” Isn’t that convenient.
Looking at it critically, one can clearly see that the press release gave traders literally NO INFORMATION of actual value – just vague reassurances. “Trust us, we are doing stuff… but we won’t tell you what that is. It’s a secret” is what this press release seems to saying, in a very roundabout fashion. Does a company that acts in this manner deserve the investor’s trust, or even interest?
Ultimately, it’s up to the trader to decide if investing in VPLM stock is worth the risk, but by the look of things, currently VPLM seems to be a perfect example of why the proverbial “buyer” should “be ware”.
Neutra Corp. (OTCMKTS:NTRR) also suffered a horrifying crash at the end of last week, falling 22.73% in just the few short hours of Thursday trading.