Voip Pal Com Inc (VPLM)

[jsimm427]

PUMPs & dumpS Watch List


Wednesday, September 14, 2011
Today's PUMPs & dumpS We Wouldn't Get Too Friendly With Voip-Pal
also: Greenway Puts Investors In The Red

Voip-Pal.com, Inc. (VPLM) takes its second crack at a Pump & Dump campaign after a mini effort back in July produced some promising results for the insiders looking to sell stock. Now a renewed and more aggressive effort involving newly recruited touts is underway and follows a strange press release in which the company had announced that it was able to reduce debt by 30% while "limiting" sales. The press release does not clarify how VPLM was able to conduct the miracle of paying off debt even though it decided to withhold sales (why?) until its website was ready.

The fledgling company claims it offers international phone calls over a VOIP protocol for 1 to 2 cents a minute. We remain unimpressed as VPLM will have to take on established service providers Skype and Vonage who also provide these services, often for free. Vonage's $29.95 per month program includes most of the world anyway, so we don't see how VPLM will be able to glean any significant callers or revenues to justify its $2 million market cap when it has 200 bucks in the bank and owes $300,000. We do think, however, that insiders will be relieving themselves of stock over the next day or two, so at least they will be able to afford to eat.
http://www.pumpsanddumps.com/