Voip-pal.com director McDonald Austin acquires $369 in shares

Published 18/02/2025, 18:28
Voip-pal.com director McDonald Austin acquires $369 in shares

McDonald Austin, a director at Voip-pal.com Inc (OTC:VPLM), recently acquired 22,000 shares of the company’s common stock. The transaction, dated February 12, involved a purchase at a price of $0.0168 per share, totaling $369. Following this acquisition, Austin holds a total of 6,583,717 shares indirectly through a family member in the company, which currently has a market capitalization of $50.75 million. According to InvestingPro, VPLM has shown strong momentum with a 102% return year-to-date, despite trading below its Fair Value.

In addition to the recent stock purchase, Austin also holds warrants for 61 million shares. These warrants have exercise prices of $0.005 and are set to expire in 2034. The warrants are part of two separate holdings, one for 11 million shares and another for 50 million shares. InvestingPro analysis shows the company maintains a strong liquidity position with a current ratio of 15.35, though it faces profitability challenges. Subscribers can access 8 additional ProTips and comprehensive financial metrics for deeper insights.

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