Voip Pal Com Inc (VPLM)

[JohnnyBlaze]

***DD POST $VPLM - READ BEFORE INVESTING HERE***

PLEASE EDUCATE YOURSELF: from 50m authorized in 2007 to 1.3BILLION in 2017!!!!! - you can see be clicking the nevada link how they continue to dilute and raise A/S every few years as they max SS.
Par Share Count: 1,300,000,000.00 Par Share Value: $ 0.001

http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=%252btxP5%252fT18gI7YfEU3rGyqg%253d%253d&CorpName=VOIP-PAL.COM+INC.

***$500k - $700k IN LOSSES EVERY 3 MONTHS!!!
***$0 IN REVENUES, NO REVENUES EVER!!! WHERE IS THIS MONEY GOING???!!! ITS NOT HARD TO FIGURE OUT, THIS IS SETUP TO PROFIT ONLY THE COMPANY.

***honestly not sure if I have ever seen anything so overvalued, share selling scam, just to profit insiders and pay huge salaries... LOSING $500k EVERY 3 MONTHS!!! WHO DO YOU THINK IS WINNING HERE

VPLM Security Details
Share Structure
Market Value1 $43,212,501 a/o May 08, 2017
Authorized Shares 1,100,000,000 a/o Jan 12, 2017
Outstanding Shares 1,080,312,534 a/o Feb 10, 2017

SETUP TO PROFIT THOSE IN CHARGE AND DILUTE THE SHAREHOLDERS DOWN TO NOTHING - PLEASE READ... LOTS OF SHARES BEING DUMPED
Issues during the period ended December 31, 2016

During the period ended December 31, 2016, the Company issued 2,733,333 common shares priced between $0.025-$0.03 per common share to convert $72,500 of convertible debentures.

During the period ended December 31, 2016, the Company issued 3,746,667 common shares priced between $0.025-$0.03 per common share for services valued at $90,000 and finder’s fee valued at $22,400.

During the period ended December 31, 2016, the Company issued 9,233,333 common shares at $0.03 per common share for cash proceeds of $275,000 from private placements.

2016 Issues

During the year ended September 30, 2016, the Company issued 8,873,333 common shares priced between $0.03-$0.05 per common share to convert $326,000 of convertible debentures.

During the year ended September 30, 2016, the Company issued 16,357,500 common shares priced between $0.03-$0.05 per common share for services received valued at $1,121,195.

During the year ended September 30, 2016, the Company issued 10,458,333 common shares at $0.04 per common share for cash proceeds of $381,000 from private placements. The Company issued 1,126,667 common shares priced between $0.03 - $0.04 per common share as finder’s fees valued at $39,800.

During the year ended September 30, 2016, the Company issued 10,000,000 common shares at $0.05 per common share to a director of the Company and is included in Officers and Directors fees (Note 6).

***Shares to be Issued

As at December 31, 2016, there are 23,353,846 (September 30, 2016 – 23,353,846) common shares to be issued that are accrued for professional services provided to the Company valued at $1,058,320 (September 30, 2016 – $1,058,320), of which 21,281,903 (September 30, 2016 – 21,281,903) common shares are accrued to management and related parties. As at December 31, 2016, $4,721 (September 30, 2016 – $4,721) was included in common shares to be issued for cash received in advance of common shares being issued.

As at December 31, 2016 there are 29,851,452 (September 30, 2016 - 23,566,119) common shares to be issued that are accrued to the seller of Digifonica pursuant to the Anti-Dilution Clause (see Notes 4 and 6), valued at $1,126,605 (September 30, 2016 - $942,645).

Subsequent Issue

Subsequent to the period ended December 31, 2016 the Company issued 8,125,000 units at $0.02 per unit to raise gross proceeds of $162,500 in a private placement, each unit consisting of one Common share and one Common share purchase warrant, each warrant exercisable to purchase one additional Common share at a price of $0.04 per share for a period of six months from the date of issue.

INCREASED A/S AGAIN!!! Subsequent to the period ended December 31, 2016, the Company increased its authorized common voting shares to 1,300,000,000 with a par value of $0.001

WOW - another 95mil shares to be dumped if Locksmith wins
i) Locksmith Financial Corporation, Inc. et al. v Voip-Pal.com Inc. (Case No A-15-717491-C) filed in Clark County District Court (the “State Case”)

On March 24, 2014, the Company resolved to freeze 95,832,000 common shares that were issued to a company controlled by a former director (the “defendant”) in fiscal 2013 and accounted for at a cost of $1,443,000. The Company resolved to freeze the common shares as the Company believes that the shares were issued as settlement of a line of credit that the Company believes to have been legally unsupported. The defendant alleges that the freeze and the Company’s actions constituted fraud and a breach of securities laws. The Company denies any wrongdoing. Currently the State Case is entering the discovery phase of litigation and the outcome is undeterminable.

VNDM selling unlimited shares, HUGE SCAM HERE BEWARE

NET LOSSES KILLING THIS
The Company reported a net loss of $532,599 for the three months ended December 31, 2016 compared to a net loss of $712,177 for the same period in 2015. The net loss decrease of $179,578, or 25% over the same period in 2015 was due primarily to the write-down of acquisition costs of $500,000 in 2015 .

PS. A PATENT TROLL IS NOT A VIABLE BUSINESS MODEL!!!
$VPLM