VOIP PAL COM INC (OTCMKTS:VPLM) exploded higher to start this week, and many traders are searching for an explanation. One sees no filing, no press release, no news, no nothing. Just a monster move on monster volume. What’s going on here?
As far as we call tell, this is a company that has evolved into a de facto patent troll in the telecom space with roots as a player in the VOIP segment. The company owns a number of patents and spends its time trying to make a case that it is owed monetary compensation for existing structures in the technological assets of big players like Apple, Twitter, AT&T, and others in the hi-tech side of the communications sector. And, as we start this week, it would appear as though the company has a foothold on a possible determination that could conceivably work out in its favor in a big way. Nothing is guaranteed here, as far as we can tell. But the story may be moving in the right direction for the company as things continue to develop.
VOIP PAL COM INC (OTCMKTS:VPLM) promulgates itself as a publicly traded corporation (OTCQB: VPLM) incorporated in December of 1997 in the state of Nevada and headquartered in Bellevue, Washington.
Voip-Pal is a technical leader in the broadband Voice-over-Internet Protocol (‘VoIP’) market with the ownership and continuing development of a portfolio of leading edge VoIP patents.
The company owns and develops a portfolio of broadband Voice-over-Internet Protocol (VoIP) services in the United States. The company offers VoIP-related patented technology comprising patents for lawful intercept, routing, billing, rating mobile gateway, advanced interoperability solutions, intercepting voice over IP communications and other data communications, and uninterrupted transmission of Internet protocol transmissions during endpoint changes, as well as enhanced 911, allocating charges for communication services, determining time to permit a communication session to be conducted, and RBR messaging continuation.
Its products are used in various applications by telephony system vendors, network suppliers, and retail and wholesale carriers. The company was formerly known as VOIP MDI.com. and changed its name to Voip-Pal.Com Inc. in September 2006. Voip-Pal.Com Inc. was incorporated in 1997 and is based in Bellevue, Washington.
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As noted above, this is a patent troll in the telecom space. The stock boomed higher on Monday in response to a ruling from the USPTO stating that a patent under consideration with potential relevance to Apple, Inc, was not able to be overruled by Apple in its petition to show that the related technology was unpatentable.
“This Decision is a final written decision under 35 U.S.C. § 318(a) as to the patentability of the challenged claims. For the reasons that follow, we determine Petitioner has not shown by a preponderance of the evidence that claims 1, 7, 27, 28, 34, 54, 72–74, 92, 93, and 111 of the ’815 patent are unpatentable. A. Related Matters The parties identify the following district court proceedings in which the ’815 patent has been asserted: Voip-Pal.com, Inc. v. Apple, Inc., Case No. 2-16-cv-00260 (D. Nev.); and Voip-Pal.com, Inc. v. Verizon Wireless Services, LLC, Case No. 2-16-cv-00271 (D. Nev.). See Pet. 58; Paper 4, 1. Petitioner also has filed a petition for inter partes review of claims of the ’815 patent in IPR2017-01399, as well as petitions in connection with related U.S. Patent No. 9,179,005 B2 (“the ’005 patent”) in IPR2016-01198 and IPR2017-01398.5 B. The ’815 Patent The ’815 patent is directed to classifying a call as a public network call or a private network call and producing a routing message based on that classification. Ex. 1001, Abstract.”
Hence, as far as we can tell, it would appear that the company survived an attempt by other parties to dispense with its potential rights to the technology under question, according to what we understand from the USPTO. We don’t know for sure how any of this will play out, and it is an enormously complex situation. But it will surely be a very interesting story to track from here.
Currently trading at a market capitalization of $79.9M, VPLM has virtually no cash on the books, which stands against about $140K in total current liabilities. The company is pre-revenue at this point. You can bet we will update this one again as new information comes into view. Sign-up for continuing coverage on shares of $VPLM stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $VPLM, either long or short, and we have not been compensated for this article.