Voip-pal.com Inc (OTCMKTS:VPLM) Director Dennis Chang has recently sold a significant number of shares in the company, according to the latest SEC filings. Over the course of several transactions, Chang disposed of shares with a total value exceeding $13,000. These sales occurred at prices ranging from $0.0165 to $0.017 per share.
The transactions, which took place between June 17 and June 21, 2024, involved the sale of 200,000 shares on June 17 at $0.0165 each, 162,741 shares on June 18 at $0.0166 each, 37,259 shares on the same day at $0.017 each, another 200,000 shares on March 20 at $0.017 each, and a final batch of 200,000 shares on June 21 at $0.0169 each. Following these transactions, Chang's ownership in the company stands at 3,120,152 shares of common stock.
While the filings also disclose holdings in warrants and options, the focus for investors typically remains on the actual stock sales. The disclosed warrants are exercisable at $0.005 and would convert into a total of 40,000,000 shares of common stock. The options, exercisable at the same price, represent another 10,000,000 shares. As of the reporting period, the total warrants and options held amount to 50,000,000 shares.
It's important to note that the SEC filings provide a snapshot of a director's transactions and holdings as of a specific date, offering transparency into their investment moves. Voip-pal.com investors and potential investors can consider these transactions as part of their broader assessment of the company's stock performance and insider confidence.
As of the last filing, Dennis Chang's direct holdings in Voip-pal.com Inc remain substantial, indicating continued alignment with the company's prospects despite the recent sales.
InvestingPro Insights
Following the recent insider transactions at Voip-pal.com Inc (OTCMKTS:VPLM), investors may be looking for additional context to gauge the company's financial health and market standing. According to InvestingPro data, Voip-pal.com Inc currently has a market capitalization of approximately $59.88 million. The company's financial performance has been challenging, with a negative adjusted P/E ratio over the last twelve months as of Q2 2024, standing at -2.27. Additionally, the company's Price/Book ratio during the same period is notably high at 29.69, which could signal that the stock is overvalued relative to its book value.
Despite the recent insider sales, InvestingPro Tips reveal that Voip-pal.com Inc holds more cash than debt on its balance sheet, which is a positive sign of financial stability. Moreover, the company's liquid assets exceed its short-term obligations, indicating a strong liquidity position. However, the company has not been profitable over the last twelve months, and its gross profit margins are considered weak. On the performance front, the company's stock price has experienced a significant decline over the past year but has shown a strong return over the last month.
Investors considering Voip-pal.com Inc's stock should take note of these metrics and tips. For those seeking deeper insights, InvestingPro offers additional tips that can help in making more informed investment decisions. To explore further, investors can visit https://www.investing.com/pro/VPLM and use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. With a total of 8 InvestingPro Tips available, including information on dividend policies and trading multiples, there is a wealth of data to help assess the potential risks and rewards associated with Voip-pal.com Inc.
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