[144] Voip-pal.com Inc SEC Filing
Voip-pal.com Inc (VPLM) filed a Form 144 notice reporting a proposed sale of 1,647,595 common shares via broker Wilson Davis & Co on the OTC market, with an aggregate market value listed at $24,714.00 and approximately 3,677,305,519 shares outstanding. The shares were acquired on 05/30/2022 as warrants for professional services from the issuer and were recorded as cashless on the acquisition date. No sales in the past three months were reported. The filer represents no undisclosed material adverse information.
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Insights
TL;DR: Routine insider sale notice for a modest number of shares relative to total float; likely low near-term market impact.
The Form 144 discloses a proposed sale of 1,647,595 shares acquired as service warrants and marked cashless. Given the issuer's very large outstanding share count, the proposed block represents a small percentage of total shares outstanding, suggesting limited dilution or market disruption from this single notice. The filing contains no information on intended sale timing beyond an approximate date and no recent sales to aggregate, so market reaction will depend on execution timing and actual trading volume.'
TL;DR: Disclosure meets Rule 144 requirements; provides acquisition source and sale mechanics but lacks timing specifics.
The disclosure identifies the acquisition as warrants issued for professional services and flags a cashless settlement, which clarifies the origin and consideration method. The filer’s certification that no material nonpublic information exists is standard and necessary for compliance. The filing does not specify precise sale execution details or any trading plan adoption, limiting assessment of governance or insider trading safeguards.