Voip Pal Com Inc (VPLM)

[nyt]

No, I never heard of that story/rumor, but admittedly, I wouldn't be the least bit surprised if it were proven to be true.

No, never spoke to inYA pockets. I would never even consider it because #1, the way I see it, his job is to be a paid mouthpiece for a lowly otc pennystock, and as such, I see that as an inherent major conflict of interest. Obviously he's not gonna say anything negative about the mouth that feeds him, right? I recall, way in the past he was actually censured by vplm for going too far out on a limb in some way and I think it happened more than once. So it wouldn't be a good or fair conversation because I wouldn't believe a word he said. SS has posted a couple pieces in the past that didn't present a very good impression based on his record. Granted, it's very old stuff but it's still apparently history:
_____________________________________________________
"Rich Inza is the most honest IR person I have ever talked with in 25 years of
playing pennies..."
Really?
LOL:
"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.”
(of course that "interest" never panned out or even was ever validated as reality)
.
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.
(and now, many yrs after continuously promising to upgrade to full reporting, and
having finally done so, they continue to be very secretive about the most
important info to s/h's. Same ol', same ol')
.
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.
(all of these above tenets, arguably are still the general fare)
.
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.
(4 yrs later, all above still the same story, only worse)
.
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.
(I wonder what that number is now? Actually, I remember that the BOD had to
put a gag on his over zealous tweeting. Remember?)
.
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."
.
http://www.thegreedchase.com/#!rich-inza-profile/cqnc