Voip-Pal.com Inc. (OTCPINK: VPLM) saw its share volume skyrocket on June 6th with 5,470,973 shares exchanging hands, seven times higher than its three month daily average volume of 788,126 shares.
This jump in volume comes after Voip-Pal.com Inc. announced that as a result of discussions with various potential buyers and/or patent licensees, the Company is enacting a "Blackout Period" pursuant to the Voip-Pal Trading Policy approved by the Board of Directors on March 12, 2014. The purpose of the Blackout Period is to preclude specific individuals and entities close to the Company from trading Voip-Pal stock during the Blackout Period. This will allow its board members to consider an event or events that may occur that are material and known only to a few directors and/or executives. The Blackout only affects past and present Company Directors, Officers, Attorneys, Investor Relations Personnel, Insiders, close associates of Insiders or those perceived to be Insiders as a result of current or prior involvement with Voip-Pal. The Blackout Period takes effect at 9:00 AM (EST) on June 6, 2014 and is scheduled to be in place until the close of the market on June 20, 2014. The Company may shorten or lengthen the Blackout Period as events warrant. The Blackout Period only pertains to the aforementioned and will not affect the public at large. The stock will continue to trade normally. Voip-Pal has notified the affected broker dealers, stock clearing firms, and all affected shareholders. The transfer agent for Voip-Pal has been informed and instructed not to process any transfers during the Blackout Period involving all covered persons and/or entities.
Dr. Thomas Sawyer, Chairman and CEO of Voip-Pal, stated, "This Blackout Period should not be an inconvenience to most shareholders, and those that are affected understand the requirement for such action during periods of discussions or negotiations. This action is a necessary step which will allow the Board of Directors to proceed with the business at hand in a compliant manner and protect the interests of our shareholders."
VPLM closed the day at $.2521, 52.79% higher than its previous close of $.165.
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NanoTech Entertainment Sees Share Volume Surge
NanoTech Entertainment, Inc. (OTCPINK: NTEK) saw its share volume surge on June 6th with 7,634,117 shares exchanging hands, two and a half times higher than its three month daily average volume of 2,940,053 shares.
Headquartered in San Jose, CA NanoTech Entertainment is a technology company that focuses on all aspects of the entertainment industry. With six technology business units, focusing on 3D, Gaming, Media & IPTV, Mobile Apps, and Manufacturing, the company has a unique business model. The company has a diverse portfolio of products and technology. NanoTech Gaming Labs operates as a virtual manufacturer, developing its technology and games, and licensing them to third parties for manufacturing and distribution in order to keep its overhead extremely low and operations efficient in the new global manufacturing economy.
NanoTech Media develops proprietary technology that it licenses to publishers for use in their products as well as creating and publishing unique content. NanoTech Media Technology includes the world's first 4K Ultra HD streaming solution. NanoTech Communications develops and sells proprietary apps and technology in the Mobile and Consumer space. Clear Memories is the global leader in 3D ice carving and manufacturing technology. 4K Studios creates digital 4K Ultra HD content using both licensed materials as well as original productions.
NTEK closed the day at $.049, 7.55% lower than its previous close of $.053.
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