Voip-Pal.com, Inc. is Now Classified as a Small-Cap Company Due to the Recent Growth of its Market Capitalization
Voip-Pal’s market capitalization has grown from under $50 million to more than $400 million over the past month
December 18, 2017 -- Voip-Pal.com Inc. (“Voip-Pal”, “Company”) (OTCQB: VPLM) is pleased to announce its market capitalization has eclipsed the $300 million dollar threshold, currently giving Voip-Pal valuation as a small cap company. Publicly traded companies with market capitalizations under $300 million dollars are typically classified as micro-cap, while market capitalizations between $300 million and $2 billion dollars are classified as small-cap. Prior to receiving patent validation from eight Inter Partes Reviews (IPR) from the Patent Trial and Appeal Board (PTAB), Voip-Pal was considered a nano-cap company with a market cap under $50 million dollars.
Companies classified as small-cap, typically have better market exposure than nano-cap and micro-cap companies, and a higher potential for their stock to be purchased by institutional traders and niche investment funds. As a small-cap there is also greater likelihood of analyst coverage. As of the close of the market on Friday December 15, 2017, Voip-Pal’s market capitalization was $465,644,580.
Emil Malak, CEO of Voip-Pal, stated, “We are very pleased with our recent growth and achieving this new milestone in our market capitalization. Receiving validation of our patents by the PTAB was a major step in an extremely tough battle, but we recognize there may be more battles ahead, which we are fully equipped to take on. We will not waiver from our goal of monetization for our shareholders.”
“As I have previously stated, the ‘numbers are the numbers.’ Our most recently revised projected damages model is showing over $50 billion in combined damages from Apple, Verizon and AT&T without including potential punitive damage awards. The numbers have increased with our most recent revision using ten recent Federal Appeals Court damage models. The projected damages consider only the current lawsuits the company has filed and do not include potential damages from the over 60 US companies that we made aware or our patent suite.”