VOIP PAL.com, Inc. (PINK:VPLM) has been profiled in two new promotional e-mails yesterday evening. Given the past promotional experience of VPLM, the downward direction in which the stock price moved in the last session might thus reverse today. 
VPLM closed the market yesterday afternoon at $0.025 for a share, which appears to be a strong support level. Although it couldn’t get broken, VPLM share price decreased by 13.79% from the previous session close on a total volume for the day of 492,000 shares. In the last two weeks the share price has been moving between the 50- and the 200-day moving averages, but today that trading channel might get broken.
Two stock promoting website recommended VPLM stock yesterday evening, both providing in their newsletter an overview on the company and its business. One promoter received $15,000 for the distribution of e-mail and marketing services for one day, the second one got $2,500. Our database shows that VPLM was promoted for the last time in March this year and its share price jumped above $0.042 on the days of the promotions.
Apart from the promotions, VPLM does not have much of fundamental base that could make it attractive. At the end of March 2011 the company had $248,904 in total assets, $13,328 in cash and inventory and $235,576 in deferred development costs. On the liabilities side, there are among other things loans for $270,742 that are due on demand and $180,000 of which are convertible into shares of common stock at $0.05 per share. VPLM also has convertible preferred stock and its operational results ($400 in revenue, $78,422 in expenses for the six months ended March 2011) suggest that the company cannot rely on its operations as a source of cash.
VOIP PAL.com latest press release came out on Friday last week, it did not sound like real news, however. It concenrned the company’s relationship with SaSperBox.Com to host its VoIP Switch technology and Apps through the SaSperBox Cloud Computing Server.
