Voip-Pal.com, Inc. (OTCMKTS:VPLM) Taken Out for a Ride
When the tide of pot stocks is receding, older tickers that were buried for a while seem to be reappearing. This is especially true of stocks that awaited 2014 with optimism to improve the company’s position. Now, it is the turn of Voip-Pal.com, Inc. (OTCMKTS:VPLM) to have a cheerful week. The ticker grew by more than 10% on Monday, reaching the 10-cent levels, on the most robust buying in the past three months. Volumes reached $1.89 million.
VPLM, the VOIP-service provider, ended the year on a pessimistic note, with profit-taking, still not fulfilling the promise that a company like that should be trading at much higher levels. And despite all the patents, VPLM would still have to transform them into revenues.
In the past months, VPLM has regularly sent out updates on potential patent issuance, though this had little connection to the stock price, which only began to rise with the start of the new year. The latest news is that VPLM has an issue date for its newest patent- today, January 14th, which may mean improvement of the stock price, if the market has not already consumed the news in anticipation.
VPLM has not been promoted since April last year, and the newest move up is mostly due to the patent expectations. Mobile Gateway, the technology in question, allows a user to make long-distance calls through the internet connection of the phone, thus avoiding high taxation.
But VPLM remains a company with extremely low revenues, especially for one that pretends to be competing with the likes of Skype and other VOIP services. This pink sheet is received with very cautious optimism by investors, though sometimes use is made of the good days when the ticker raises attention through press releases.
Other stocks that rose with the new year include 22nd Century Group, Inc. (OTCBB:XXII), a producer of modified low-nicotine tobacco plants. XXII opened upward on Tuesday, reaching $2.32.
Fresh Healthy Vending International, Inc. (OTCMKTS:VEND) is also in for a new winning series, reaching $2.80, and awaiting to impress investors with better earnings through its vending machines. The company moved out of the aggressive promotional times, and started to recover the losses in the past days. The ticker grew by more than 7% on Monday, though buying volumes remain thin.
VPLM is still underpriced enough to stage a significant run. Still, it is best to be aware of the inherent risks related to that company, and that it runs mostly on impressions and expectations. Avoid investing unaffordably in this or other pink sheet companies, as they tend to misrepresent their potential, rarely delivering real results.