Voip Pal Com Inc (VPLM)

[Plowmaster]

10-Q Out: Updated Summary

Lots more dilution, and more to come. They have run out of cash again. Since on average they need $400k+ a Quarter to keep the lights on, they will need to dilute another 30M at a minimum. So far, 23M have been diluted, so it will continue.

During the three-month period ended December 31, 2020, the Company issued:
14,501,500 common shares priced between $0.005 and $0.01 per share for cash proceeds of $125,015 from a private placement of common shares; and
5,000,000 common shares for services with a value of $101,000.

As at December 31, 2020, there are 1,977,523 common shares to be issued that are accrued for services provided to the Company valued at $61,320

As at December 31, 2020, there are 70,335,333 common shares to be issued that are accrued to the seller of Digifonica pursuant to the Anti-Dilution Clause