Voip-pal.com Inc (OTCMKTS:VPLM) Director Dennis Chang has sold a total of 280,000 shares of the company's common stock in a series of transactions, according to the latest SEC filings. The shares were sold at prices ranging from $0.0156 to $0.016, amounting to a total value of $4,432.
The transactions took place over three consecutive days, starting on May 29, 2024, and concluding on May 31, 2024. On the first day, Chang disposed of 100,000 shares at a price of $0.0156 per share. The following day, another 80,000 shares were sold at $0.0159 each. The final transaction involved 100,000 shares that were sold at $0.016 per share.
After these sales, Dennis Chang's direct ownership in Voip-pal.com Inc consists of 1,690,740 common shares. The company, which is classified under the Telephone & Telegraph Apparatus industry, is incorporated in Nevada and has its business address in Waco, Texas.
In addition to the sales, the report also details holdings in derivative securities, specifically warrants and options. Chang holds a total of 45,000,000 warrants as of the reporting period, as well as 10,000,000 options. The warrants and options are exercisable at a price of $0.005, significantly lower than the current transaction prices of the common stock.
The reported transactions provide investors with updated information on insider activities at Voip-pal.com Inc. Such filings are a routine part of compliance with SEC regulations and offer transparency into the trading actions of company executives and directors.
InvestingPro Insights
As Voip-pal.com Inc (OTCMKTS:VPLM) experiences insider trading activity, it's crucial to consider the financial health and market performance of the company for a comprehensive understanding. Voip-pal.com Inc currently holds a market capitalization of $55.38 million, which gives investors a sense of the company's size and market value. Despite the insider sales, the company's recent price performance shows a strong return over the last month, with a 21.43% increase, reflecting a potential uptick in investor confidence or market reaction to company developments.
On the financial side, the company's balance sheet reflects a position where liquid assets surpass short-term obligations, which is a positive indicator of the company's ability to cover its immediate liabilities. However, Voip-pal.com Inc is not without its challenges. The company has been grappling with weak gross profit margins, as evidenced by a gross profit of -$0.01 million over the last twelve months as of Q2 2024. Moreover, the company has not been profitable over the same period, with an operating income adjusted at -$25.23 million.
Investors interested in the deeper financial metrics of Voip-pal.com Inc can benefit from the two InvestingPro Tips available, which highlight the company's position regarding cash versus debt and its high Price / Book multiple of 25.91. These insights might influence investment decisions, especially when considering the company's long-term profitability potential and valuation. For those seeking further guidance, additional tips are available on InvestingPro, offering a more detailed analysis of Voip-pal.com Inc's financial health and stock performance.
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