VOIP PAL.com, Inc. (OTCMKTS:VPLM) Still On The Rise
VOIP PAL.com, Inc. (OTCMKTS:VPLM) managed to continue its rise in yesterday’s session, adding another 7.14% to its market value on momentum it had gathered at the end of last week.
VPLM presents an interesting case for investors and stock commenters alike. On one hand, the company shows obvious signs of potential – VPLM‘s multiple patents in its chosen field of business and the potential for securing even more certainly work to the stock’s benefit. On the other hand, its financials don’t really impress:
- cash and current assets – $114 thousand
- total liabilities – $33 thousand
- ZERO revenue
- net loss – $141 thousand
While these figures are not, strictly speaking, horrible for an OTC Pink penny stock, they are certainly nothing to write home about either. VPLM has gone to great lengths to make sure it was operating on a clean slate – recently, it got rid of $1 million worth of debt that was cluttering its financials. However, to do so the company had to issue millions of shares at discount rates ranging from 47% to 85% and increase its authorized shares from 900 million to 990 million.
Although it may have seemed that the company’s momentum was dissipating when comparing yesterday’s session to the ticker’s previous jumps, this proved to be false. VPLM is already 5% up in early trading today.
Another company that is up 5% and looking strong in today’s trading is Terra Tech Corp. (OTCMKTS:TRTC).
