Voip-pal.com Inc (OTCMKTS:VPLM) Director Kevin Bryan Williams has recently sold a portion of his holdings in the company. The transactions, which took place on June 17 and 18, resulted in the sale of a total of 650,000 shares, generating $10,850 for Williams.
The shares were sold at prices ranging from $0.0165 to $0.017, according to the latest filings with the Securities and Exchange Commission. On June 17, Williams sold 280,000 shares at $0.0165 each and another 220,000 shares at $0.017. The following day, he sold an additional 150,000 shares at a price of $0.0166 per share.
After these transactions, Williams still maintains a substantial stake in the company with over 5.4 million shares. It's worth noting that these sales do not reflect any change in the company's fundamentals or prospects, but are a part of Williams' personal investment decisions.
Voip-pal.com Inc, with its headquarters in Waco, Texas, operates in the telecommunications sector, specializing in telephone and telegraph apparatus manufacturing. As a director of the company, Williams' dealings in the stock are closely watched by investors for insights into insider confidence and potential future developments within the company.
Investors and followers of Voip-pal.com Inc can stay updated on further transactions by monitoring future SEC filings and company announcements.
InvestingPro Insights
Amid the recent insider transactions by Voip-pal.com Inc (OTCMKTS:VPLM) Director Kevin Bryan Williams, investors may be seeking additional context on the company's financial health and market performance. According to InvestingPro data, Voip-pal.com Inc currently holds a market capitalization of 58.49 million USD. Notably, the company's Price / Book ratio as of the last twelve months leading into Q2 2024 stands at a high 30.95, which may indicate the stock is trading at a premium relative to its book value.
On the operational front, Voip-pal.com Inc has not been profitable over the last twelve months, with an operating income adjusted to -25.23 million USD and a concerning Return on Assets at -1329.66%. This data aligns with one of the InvestingPro Tips, highlighting that the company has not been profitable over the same period. Additionally, the company's gross profit margin appears weak, with a gross profit of -0.01 million USD for the last twelve months as of Q2 2024.
Despite these challenges, Voip-pal.com Inc maintains a liquidity position where its liquid assets exceed short-term obligations, and it holds more cash than debt on its balance sheet, as pointed out in another InvestingPro Tip. This could provide some reassurance to investors about the company's ability to meet its immediate financial obligations.
For those interested in a deeper analysis, there are 6 additional InvestingPro Tips available, which can be accessed through InvestingPro's platform. Investors can also take advantage of a special offer using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, providing a comprehensive toolkit for informed investment decisions.
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