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Could very well be. I, for one, will wait it out and see if that is not the case.
In the meantime, we wait and watch as a few traders buy a few hundred bucks worth of shares at .0015 and sell at .0022.
I won't pass judgement until we see the financials and forecasts. Still maintain that they would not be buying a $6 million 19,000 sq ft office space if they can't justify it with current and future value of their shares substantially higher than where we currently sit.
These day traders could rapidly lose out, when the shares adjust after the financials are released.
But that's okay for me, I just hold.
No, I did not get any response. Perhaps the more of us complaining may generate some reaction.
Also, does anybody know how long it should take to close on the office space. It's been a month since the announcement.
Somebody on the Yahoo board mentioned that he called the PR firm and they said that they are expecting an announcement soon, but they do not know what it is about.
Hopefully financials and sales projections reflecting progress towards their forecasts.
It's difficult to know what valuation to put on vper at this stage without knowing the latest financials and at what stage they are on their quest to get $360 million in sales from their agreement with BSNL.
What we do know is that the valuation is higher than what we have today, per their agreement to buy 19 thousand plus square feet of space valued at $6 million.
If they do show results with BSNL, showing the financials and rapid increases in sales, I would not be surprised if a few of the second tier voip companies would see value in vper as they have a good international presence.
Also remember that they are working on using their phones to pay bills. This is an incredible market, especially in emerging economies. This could widen the interested parties beyond just voip companies.
At today's valuation, just the real estate would cost several times what vper's market cap is.
Can't wait to see what they valued it at. Hopefully a buck.
"Terms of the commercial real estate transaction will be disclosed after the closing, but Viper Networks’ management expect the final agreement to approximate 50% in equity priced above the current market price and 50% in future cash flow, profit sharing arraignments."
No, I did not get a response, however if we all start asking for an update, I would hope that might help.
I would like to see the financials, however I am also very interested to hear what their justification is in buying over 19,000 square feet of office space. That has to be enough space for 200 or more employees. We can all guess what the sales per employee might be, however this could be an indication that they believe their India forecasts might be coming in.
Went on the Viper website and sent Farid a brief note asking him for a new shareholders letter. Perhaps if a few of us do this, we might get a proper update.
You are right, and actually they are above forecast as they said they would be at $300,000 per month. Just hope the buying of the office space means they are ahead of forecast with bsnl. Let's roll Get the 360 m per year.
Well this is a disappointing kickoff with excellent news.
Not sure what Viper put as a value to their shares to get nice office space, however I can't imagine they would do it for more than 10% putting the market cap at $30 million.
In any case, they would not go for this type of office space if they don't have the need to fill it.
Hopefully we get the financials and a shareholders letter soon.
Newt, if this is the case, take out the seller while you can.
Well, I guess we can all go back to sleep again. Volume shows how unknown we are. I will be interested to see what they state after the closing bell. They will release the terms of the agreement which should show us what share price was used to value the $3 million.
I would have to check the older PR's however I thought they did link up with a med group.
Also of interest is booking $2 m in six months with one division.
Is a pinksheet stock part of the OTC, or does this mean with are moving to a bigger board soon?
In other news; the Company's Communications and Wireless Services division based in Riyadh, Saudi Arabia, has now booked over $2,000,000 (USD) in business for the initial six month period, which ended March 31, 2011. Further financials can be expected as the Company's accounting firm completes the 2010 fiscal end year for submission to the OTC Markets.
For what it's worth, I dreamt I sold at .40 and .80
Let's hope for .40 today and .80 tomorrow as they will provide more info after the closing bell.
Heck, I guess I will just wait until tomorrow. LOL
Very interesting terms. $3 million taken in equity above current market price. This shows a lot of confidence in Viper. The other $3 million taken from future cash flows. This also show one hell of a lot of confidence in Viper.
Terms of the commercial real estate transaction will be disclosed after the closing, but Viper Networks’ management expect the final agreement to approximate 50% in equity priced above the current market price and 50% in future cash flow, profit sharing arraignments.
Don't sell, but if you must, do so in small increments and we will see it skyrocket.
Looks pretty good to me:
http://www.skyscrapercity.com/showthread.php?t=255845
19,155 square feet. That sounds like a heck of a lot.
Hot Diggiddy Dog.
We are seeing the Tsunami coming!
http://sg.finance.yahoo.com/news/Viper-Networks-to-Acquire-bw-2020568089.html?x=0
I hope the smoke and mirrors stays long enough that they can buy back some substantial shares as Farid has indicated. That being said, the shares would rise fairly quickly as we have just seen.
oldviperman.
What's going on, I just looked at the close after having a great day in PM and it looks like we are alive?
I have used Scottrade to buy all of my shares. Not sure why they won't handle yours. Make sure you enter vper not vper.pk which they won't recognize.
Web site is back up and running. Must have been swamped with new customers.
One other point. Watch the volume. If we start to see more significant buying, it could be vper starting their share buy back.
That would be nice to see.
I have already parted with a lot more than that. You have somewhat of a dilemma to consider. Parting with it now will get you over 4 million shares. I suspect that what Mobil1230 said is possible fairly quickly if they start reporting true progress to their forecast. If this happens, I would not be surprised to see a rather rapid increase, which you could miss. My guess would be close to 3-5 cents as an initial jump. Leading to 10 - 20 cents. If they actually start hitting their forecast number and buy back shares as we heard in the Tsunami report, we could see the range you suggested.
The down side is of course a value of zero. The only reason I see to be optimistic is that management, family and friends have put money into this. They currently take no salary and have stuck through it over time. This shows they believe it work work.
I have accumulated something more than 4.5 million shares over the years and never sold. In this respect, I might not be the best person to respond as I could be either biased or a total idiot.
I can't remember exactly what the record high was, but I believe it was either close to or over a dollar. Perhaps some of the other long posters can remember.
If and when Farid finally gets the financials out, we might have a better view as to what vper is truly worth.
If their projections from BSNL are accurate at $360 million and low costs, I would not be surprised if we get to between .50 to $1.00.
The way I view it is that at current valuations, even based upon the investments and financials already given, vper represent a good lottery ticket if it finally blooms.
Well, just checking in to see how things are going. Since I try to be an optimist, I see bid at .0012 and ask at .0022 with zero volume. Time to watch out though. I am sure the MM's will sell 500 shares at a low price to see what shareholder with be scared out. Looks like the longs are all holding with an eye to news which could break us out of these ridiculous valuations.
I tried to find it but couldn't. You might try with the guy on Yahoo.
From Faird's pr's, I was expecting some good news on progress with BSNL in January. Seems they continue to hit bumps in the road, but I am encouraged by their persistence.
Hope Farid takes the time to update shareholders soon, not just on new projects but progress in real sales leading to profitability.
It's hard to read into the choice of "projects", but I would use that term probably for the construction group or Green Key rather than BSNL.
They have spoken in the past about projects in the rough order of magnitude of $100 million. Would be great to have a couple of these plus on going and increasing revenue through voip.
Only several major developments like these could get us looking at a buck.
I found the choice of the word "projects" interesting as it was also used by somebody commenting on the Tsunami article. Hopefully this guy is right.
"I know the CEO and according to his expectations, the stock should be trading at a dollar in the next few months. But again that is what he thinks based on the ongoing projects."
http://investorsoup.com/2010/09/tsunami-alert-on-viper-networks-vper/
I was able to get on to their web site this morning. Good news that they should release an update shortly.
Not sure what the issue is. When I tried to access the site, it tries to load but does not finish. I have had the same issue on a regular basis with Yahoo but after several attempts I can get in.
Could be high volume, if we are optimistic.
OT: Just a thought Truethat. If you focus on large caps that have spent the last few years cutting heads provided good bottom line revenue, but might be up against inflationary (commodity) pressures, isn't that a high risk?
Nothing seems to be safe these days, but rising costs could be an issue. Not sure how that plays out if they are international and they can pass on the costs (with a lower US dollar).
You are right Mobile. I won't sell my shares at these prices, but have to admit vper has made me frustrated. Farid needs start reporting on vper's progress on a regular basis. He said as much in his later pr's last year.
I don't mind if they hits some bumps on the way, but he has to show a plan and progress to achieving the plan. For example, we projected $360 million with BSNL, however now like to revise this to $20 million achieved and projected to go to $50 over period X based upon an increasing run rate of Y.
That is better than pie in the sky.
I don't want to make you as nutty as I feel about what is happening in the world, but I would certainly suggest looking deeper before relying on stability through large caps.
Not all people would necessarily agree with Glenn Beck on Fox, however what I like is he backs it up with the words of the people, institutions concerned. When you see George Soros telling people gold is not it, back in November or so, and then see his funds acquiring more while he talks down the US dollar, it has to make you think.
Around 5 years ago the US dollar bought $1.60 Canadian. I just saw this morning it touched $.9797.
That being said, large caps producing with cheap US dollars might do well. Just wish we don't have a worthless dollar but high stock price.
Just bought back into SLW today. Originally bought at about $15 and sold at $27.50. Bought back at $40, darn, never should have sold. Also bought PSLV. In both cases, I don't need to worry as they go up and down as they will be higher over the years. By the way, SLW is really a silver mining financing company. They only have 24 employees, located in Vancouver but taxed in the Cayman Island at zero.
It's just a money printing business.
Good Luck
I guess I am a little wary of pink sheets after my experience with vper. You may have noticed somebody just sold 300 shares for .0015 for a grand total of 45 cents.
This just shows how manipulated it is. They won't get my shares.
If you are not already following it, I suggest silver. They are in backwardation (current prices higher than future) all the way through 2015.
Could be a remarkable short squeeze. In any case, it will be a hedge against any collapse of US and European currencies. Personally I like SLW and PSLV to have exposure to physical silver. Some are calling for $400 silver by 2015. That's better than a 10 bagger. The miners would likely offer multiples of that, however be careful as they can be a little volatile.
I will follow zero, as I am part of a startup that has waterbased technology that separates oil from sand. Still waiting for funding, but with current Alberta production at 1.2 million bbls per day at a 90% recovery rate, we can extract the remaining 10% from the tailings. The math looks good 120,000 bbls times, let's call it $80 times 365 for about $3.5 billion per year.
I did some brief DD on zero and will probably look into more. I have seen others using an electrical current before, so I would need to check further on their patents. Considering that bitumen, (oil sands) need to use a diluent (I think is is usually diesel) in order to reduce its viscosity to move, I can see further applications where zero may not yet have addressed.
An initial concern is they have been in business since before 1999 and from the yahoo financial statements they still have no sales and continued recurring losses. As they only started with their key technology from Temple in Sept. 2008, what the heck have they been doing? Considering the age of two of the management, I would also be concerned that they have been chasing idealistic technologies for at least the last 12 years to get no where.
Looking at their share price over the past few years and current value, I probably would not buy it. At least with vper we know they had sales in 2008 2009 and likely in 2010. Seeing a valuation for zero above $30 million and vper below a million, I would sell zero and buy vper.
Interesting technology if they can get past the testing.
Thanks.
lol, either vper takes off, or a profitable voip company will pick up the shares for 5 or 10 million and use their infrastructure ($10 million or so in computer expenses over 2008-2009), already set up, plus over $18 million in losses to defer taxes.
Think about it, pay $10 million and get $30 million in value.
I am long vper but frustrated with their lack of communication and publicly stated progress.
In 2008 and 2009, the expensed $6.9 million and $3.5 million in computer expenses. I am not sure why they would "expenses" rather than capitalize and depreciate it. Had they capitalized it over 5 or more years, they would have shown that they were profitable. (accounts are shown on pinksheets web site)
This may also answer your question on assets as this represent nearly $10.5 million from which I expect is the basis on which they are able to handle BSNL.
I agree, however don't forget in his last release he said those earning were of a recurring nature of around $300,000 per month.
I would much prefer to see an update on progress with BSNL.
Of interest though is that vper seems to have limited trading these days. Could be the longs have more control which could lead to a significant spike given any reasonably good news coming out.
Well vper still has a chance. Look at GWAY. Went from a penny to over $2.82 today.