Another good example (in addition to the DFTS example) is Xiptel.
. The latest from the PR machine is that Xiptel has a $10million revenue run rate (“revenue run rate” is a hallmark metric that all penny stock manipulators use).
However, think about this:
- NMKT doesn’t have any capital assets ($170k in total as of June 30), nor has it spent $’s on capital assets ($23k in the first 6 months of 2005). So, what type of VOIP service does Xiptel provide which doesn’t require equipment? Is there a comparable VOIP company? (no).
- NMKT has spent $0’s on R&D.
- The $2million PR from earlier this year didn’t mention a customer name, didn’t describe the service being provided….and my favorite…the PR wasn’t even listed on Xiptel’s website…and my second favorite…Xiptel doesn’t even mention it’s Telco services on the website (only consumer phone service).
- Peter Geddis has a history of taking money from investors and returning nothing.
- Call the customer service and sales numbers on the Xiptel website, and I guarantee you that you’ll never speak to someone live. You’ll be asked to leave a message.
- NMKT, as of Dec 31, only had 220 employees. So, how many people can possibly work at Xiptel?
- Phil refuses to delineate Xiptel’s performance in the financial statements
So, against all of this evidence that Xiptel is essentially nothing, we have what to prove otherwise? A PR from Phil? That’s the evidence that Xiptel is what Phil makes it out to be?
