Voip Pal Com Inc (VPLM)

[sunspotter]

Rich Inza never saw a grift he didn't like, or a crook he couldn't work for:

""Rich Inza profile

January 2014

Rich Inza served as spokesman for City Capital Corp. during the period when the penny stock firm was aggressively promoting its Clean Sweep Holdings sweepstakes, which U.S. securities regulators allege was the second pillar of the company’s $11 million Ponzi scheme.

On his Linkedin.com profile, Inza styles himself as an investor relations consultant for “publicly traded companies,” boasting that his company’s services are “directed towards raising awareness of your company in the investment community and increasing your shareholder value.”



However, Inza’s resume does not point out that he has never provided investor relations for companies that trade on New York (NYSE) or NASDAQ, the major U.S. stock exchanges for publicly traded companies. Inza so-called investor relations services are primarily targeted at penny stocks, pink sheets and over-the-counter companies, thinly traded equities that often have no active trading market.



Currently, Inza is the investor relations contact for Voip-Pal.com Inc., an over the counter pink sheet shell which has issued a number of speculative press statements about patent applications that “have received expressions of interest from well qualified entities to potentially license its suite of patents or acquire Voip-Pal.com.”*



Companies on the Pink Sheets are not required to meet minimum requirements or file with the U.S. Securities and Exchange Commission. Typically, companies are on the Pink Sheets because either they are too small to be listed on a national exchange or they do not wish to make their budgets and accounting statements public.



Investopedia warns that investors should be aware of four cautions for micro-cap stocks. First, most OTC stocks do not meet the minimum and do not file with the SEC. Therefore, credible and reliable fundamental data are not available for analysis. Second, historically Pink Sheets stocks are penny stocks and are often near-insolvent companies. Third, some stocks are illegitimate shell companies set up to scam investors by issuing press releases, and having “analysts” promote the stock and issue more worthless shares. Fourth, Pink Sheets only has one requirement for a company to list - a company needs to have one market maker quoting its stock. The listing companies do not have to provide any financial information at all.



As of Sept. 20, 2013, Voip-Pal.com had unaudited revenues of $151.00. Net losses for the year were $3.38 million with the largest portion of that going toward ($2.8 million) stock based compensation. The company currently rents office space for $79 a month through Regus Management Group, a virtual office and phone answering service.



On Inza's twitter account here, nearly all of the more than 500 tweets are aimed at hyping Voip- Pal.com, despite the fact that the company has no current revenue stream. Inza also formerly served as the investor relations contact for the now defunct Atlantic Energy Solutions Inc., another pink sheet company that died on the vine.



The OTC Markets has issued this bulletin concerning the Atlantic Energy. "Investors are advised that OTC Markets Group has been unable to contact or confirm the location of this company," the statement said.""

*Patent trolling is the new business model as obviouskly no one wanted VPLM's useless "applications".