VOIP-Pal.com, Inc. (OTCMKTS:VPLM) Backs Off from 20 Cents
For VOIP-Pal.com, Inc. (OTCMKTS:VPLM), the 20-cent level proved an obstacle, and on Thursday the stock was sold off, backtracking to a lower position as nearly 5 million shares were shed. VPLM is down more than 14%, on dollar volumes above $843,000, and now stands at 17 cents, facing the week-end, which often poses dangers for a shakedown. VPLM nearly tripled its price in September as it made enough noise with PR on patents and potential uses of its technology. 
Despite the relatively high price and the solid climb, VPLM remains a pink sheet that holds enough red flags, especially at the price that is a three-years’ peak. Investors’ forums are largely optimistic, showint a confidence that further news and clarifications about the company’s business success would continue the positive run. This year has been successful for VPLM, as the ticker started from a level of 2 cents and initially slowly, then faster, touched a height at 20 cents. 
Now, VPLM may also be affected by rumors for a buyout for between 75 cents and $1.20, which may help extend the interest for a while. But this does not change the fact that Wednesday came with the biggest correction in price terms in months, along with higher than usual selling. The last time massive selling happened was in May, after the promoters withdrew at the end of April.
VPLM is capped at more than $141 million, though its resources are quite small:
- $4,000 cash
- $9,000 total current assets
- $223,000 total current liabilities
- Zero revenues
In a similar price range is another company linked to the high-tech industry, Liquidmetal Technologies, Inc. (OTCBB:LQMT). The stock slides slowly, currently toward 13 cents. But LQMT jumped from 8 to 20 cents in a mere day, and the new levels could not last long.
ImageWare Systems, Inc. (OTCMKTS:IWSY) is another stock that peaked on promises of a biometric technology targeted to mobile device users, but is now dropping to lower ranges. IWSY touched $2.60, and is now drifting around $1.55.
For VPLM, the expectation of a new press release, or further speculations of a buyout, could drive the prices. Also, the talk has been optimistic for a while, expecting the shares to climb over the $1 levels and even turn to several dollars. At the same time, there is short-term pressure for the price to retreat from time to time, so it is best to choose a time horizon on your own and not depend too much on a positive outcome.
