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I agree. The Tsunami guy said that Farid will release the financials this week. So far nothing.
Financials
If vper gets their financials out next week, I hope they include some reasonable projections on their run up with bsnl. Rather than say they expect $360 million in sales, I would prefer to see them outline their projections based upon reasonably foreseeable sales per forwarding looking quarter and report back to us on their achievements per the projections. This will show a sense of accomplishment to the ultimate goal of $360m.
It would also support a gradual increase in share price to reflect the future potential at a realistic valuation. This would eliminate the problems we have with the current valuation just based upon past performance.
Great update on Viper.
I suspect Jason was concerned about talking with a blogger knowing that his words would be published and therefore handed it over to Farid.
Although I am pleased to see the update from Farid, he should have addressed the shareholders before talking. I am also pleased he came across as well as he did. This shows integrity, along with fierce determination by raising further funds to make vper a success. What more do you want to see in management?
Yes it may take a little more time than they initially expected, however what's new in any up and coming company. If the business model is essentially sound, the Tsunami will eventually come.
Just think about it. The way a Tsunami works is the water is gradually removed from the beach, (i.e. finances gradually dry up) when the Tsunami eventually comes it's huge and bigger than expected.
I like the idea of a share buy back. At current stock prices, they can do that with very little cash. They should do it before stating the Tsunami revenues being generated.
Great article Jeffrey! Keep up the good work, but Viper should do the main announcements from now on.
I would prefer the referenced "projects" justify a sp of $1 now and then they do a reverse split of 10 to 1 leading vper to be listed on the nasdaq.
This would not be too far fetched if they start to show they are on the road to achieving their projected sales with BSNL.
I hate to think about what I have put into Viper over the years, however have some comfort that Farid has done the same and has the drive along with the employees to make this a success.
Of course we are all just guessing based upon limited information.
If the following comment to the tsunami article it accurate, I can see doing a reverse split with a sp of $1 to get on a better board. This would also shed some light on why they are getting analysts advice regarding a reverse split. No point to do a reverse split on a sub penny stock and bring it up to 10 cents.
"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."
Assuming a fair valuation of $20 million, releasing the financial to justify the valuation, would result in a share price of about 20 times where we are today or about .06. I could then see a reverse split by 10 or 20 to get us into a higher exchange and more respectability.
I do not understand why there would be pressure to do a reverse split.
I would like to see some pressure to get the 2010 financial statements out and a letter to the shareholders regarding 2011 on progress and forecast for the year.
The share price will take care of itself if we get visibility. A reverse split before getting visibility would be insane.
Let's say a fair market value would be $20 million with the financial statements published, I could then see a reverse split to get us listed on a higher exchange as being a goal with an objective.
I had seen the article before, but not the comment where the guy claimed to know the CEO.
It would be good if we get some real news regarding the projects he referred to (possibly Korea and Saudi) as well as an update on India.
Found an interesting comment to an article on Viper.
Scroll down to see it.
Hope he is right.
http://investorsoup.com/2010/09/tsunami-alert-on-viper-networks-vper/
I have tried in the past with no response.
The way I view my investment is that it will either be a total loss or vper takes off when they show some movement towards their forecast of $360 million.
I doubt it will be a total loss, as otherwise the management would have left long ago. They have persisted and with some of the more recent PR's showing sales growth is coming.
If achieved somewhere in the region of $20 million in sales last year, I would have to imagine a market cap of the same would be about right. i.e. about 20 times where it is today.
If it looks like there are achieving the run rates to get to their forecast of $360 million, we should not be surprised with a share price of near a dollar or more.
Just wish they would start to give regular updates as they promised.
I second that. The shareholders have been way too patient, especially the longs. Viper needs to come forward with a shareholders end of year letter detailing their progress this year and a realistic outlook for 2011.
Heritage First Buys Over 1 Million VPER Shrs.
Looks good when Viper Networks PR firm buys shares.
http://stockreads.com/Stock-Newsletter.aspx?id=37137
Looks like Viper is moving into Video communications through their Fastelco sub. Also looks good when they work with Cisco and Tata. Viper is finally growing up!
Bahrain's Regulatory Authority Grants Viper Networks 3 New Telecom Licenses Viper Networks Company (Formerly Fastelco Services Company) Gets Regulatory Approval Shortly after Acquisition and Name Change
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CISCO: FASTtelco and Tata Communications Launch First Public Cisco TelePresence Solution in the Middle East; Public Telepresence Facility Opens at Sheraton Kuwait, a Luxury Collection Hotel, to Offer a High-Definition Virtual Conferencing Tool for Businesses
Wed November 03, 2010 4:53 am | about: CSCO / HOT / TCL / TEF
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RDATE:31102010
KUWAIT CITY, Kuwait, -- Cisco recently announced that FASTtelco, the leading telecom service provider in Kuwait, and Tata Communications, a leading provider of the new world of communications, unveiled the first public Cisco TelePresence® room in Kuwait and Middle East. The public Cisco TelePresence room in Kuwait City is hosted in the Sheraton Hotel, part of the Starwood Hotels & Resorts Worldwide group. Connectivity will be delivered by Tata Communications to hundreds of public telepresence rooms powered by Tata Communications partners worldwide through its certified Cisco TelePresence network consisting of hosted and managed services within private networks.
The new FASTtelco public telepresence facility will enable consumers and businesses in Kuwait to minimize their travel time and expenses by delivering a live, immersive, face-to-face experience enabled via the network. The Cisco TelePresence solution allows users to enjoy real-time communication and to collaborate with colleagues, customers and partners, even if they are in a different city. A Cisco TelePresence meeting is as simple as making a phone call. Participants sit down at the conference table in one Cisco TelePresence room while other participants in appear to be sitting across the table, in life size, no matter where they are.
Highlights / Key Facts:
This launch will expand the collaboration between Starwood Hotels & Resorts Worldwide and Tata Communications, announced in 2009, to roll out public Cisco TelePresence rooms in Starwood hotels worldwide.
Customers will be able to purchase time in the FASTtelco telepresence room on an hourly or daily basis. The room will be installed with a Cisco TelePresence System 3010, which allows up six people to connect simultaneously with up to 48 locations. It comprises three 65-inch plasma screens and a specially designed physical table that seats six participants on each side of the virtual table. It also features an additional LCD display for sharing rich media content and other data using simple auto-collaborate functionality as well as integrated cameras, lights and microphones so that speakers use less power.
The 'real life' meeting experience provided by Cisco TelePresence is delivered through ultra-high-resolution video that reveals subtle facial expressions conveying nonverbal reactions. Spatial audio allows the transmission of every nuance of the conversation and participants to interact as they would in person.
FASTtelco's public telepresence solution at the Kuwait City Sheraton will help to save time and costs as well as boost productivity by reducing or eliminating the need to travel, thereby facilitating a 'greener' environment by reducing the carbon footprint. It will also offer increased flexibility to both businesses and individuals in Kuwait to conduct business meetings or sensitive negotiations like job interviews; collaborate with remote customers, partners or suppliers; orchestrate training for employees or manage remote employees; conduct focus groups and market research; and facilitate 'face-to-face' collaboration between industry or academic colleagues on research projects between locations around the world.
The public telepresence room in Kuwait will be connected to a number of other rooms around the globe through Tata Communications' Global Meeting Exchange. The Exchange enables business-to-business meetings between any public rooms or customer-owned private rooms on Tata Communications' services, as well as rooms on the networks of Tata Communications' Inter-Exchange partners, BT and Telefonica, and the National Lamda Rail network, which links leading U.S. universities. This network reach makes telepresence a truly global collaboration tool, giving Kuwait a whole new way to engage in the world economy.
Cisco TelePresence rooms are also available in Sheraton New York Hotel & Towers, Sheraton on the Park in Sydney, Sheraton Centre Toronto Hotel, the Westin Los Angeles Airport and W Chicago-City Center. Looking ahead, Starwood anticipates expanding the offering to hotels in key international business markets like Brussels, Paris, Hong Kong, Singapore and Tokyo.
Executive Quotes:
Fahed Abushaar, area director/general manager, Sheraton Kuwait
"This fruitful collaboration is the result of an agreement between Tata Communications and Starwood Hotels & Resorts Worldwide, Sheraton Kuwait's parent company. Telepresence is available in a number of Starwood properties across the world already, and we are proud to pioneer this unique technology in the Middle East. Sheraton Kuwait has always been synonymous with innovation in the hotel industry, and it is crucial that we continue to evolve our meeting offerings to address the needs of businesses and consumers in Kuwait. Our collaboration with FASTtelco will enable us to do just that."
Radwan Moussalli, managing director Middle East and North Africa, Tata Communications
"Businesses are constantly seeking to improve collaboration across a global ecosystem of internal staff, customers, suppliers, service providers and partners. The telepresence experience facilitates better and more frequent business interactions that do not depend on travel schedules, and as a result, companies will see stronger customer relationships, accelerated sales cycles, better project management, tighter integration of remote offices, and countless other benefits to the core business."
Hani El Kukhun, general manager, Cisco covering Kuwait
"We believe that introducing such a transformational service in the Kuwaiti market and collaborating with FASTtelco, Sheraton Kuwait and Tata is a highly successful accomplishment for Cisco in the Gulf region. Cisco TelePresence is one of Cisco's fastest-emerging technologies, and our collaboration with FASTtelco to launch the first public Cisco TelePresence solution in Kuwait marks yet another major landmark for Cisco in the Middle East. We look forward to working with the team to roll out this solution in many more locations throughout Kuwait and the Middle East.
Omar Al Kaaki, general manager, FASTtelco
"The fast pace of development in the business environment and the rapid growth of companies and associations today have created a necessity to develop new applications that can serve the communication needs of this fast-paced business growth."
Links / URLs:
Emerging Markets RSS Feed: http://newsroom.cisco.com/data/syndication/rss2/EmergingMarkets.xml
Middle East News: http://newsroom.cisco.com/me
RSS Feed for Cisco: http://newsroom.cisco.com/dlls/rss.html
For details about public Cisco TelePresence visit: http://www.cisco.com/en/US/solutions/ns669/public_telepresence.html
About Cisco
Cisco, (NASDAQ: CSCO), the worldwide leader in networking that transforms how people connect, communicate and collaborate, this year celebrates 25 years of technology innovation, operational excellence and corporate social responsibility. Information about Cisco can be found at http://www.cisco.com. For ongoing news, please go to http://newsroom.cisco.com. Cisco equipment in the Middle East is supplied by Cisco Systems International BV, a wholly owned subsidiary of Cisco Systems, Inc.
About Starwood Hotels & Resorts
Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with 1000 properties in nearly 100 countries and 145,000 employees at its owned and managed properties. Starwood Hotels is a fully integrated owner, operator and franchisor of hotels, resorts and residences with the following internationally renowned brands: St. Regis®, The Luxury Collection®, W®, Westin®, Le Méridien®, Sheraton®, Four Points® by Sheraton, and the recently launched Aloft®, and Element SM. Starwood Hotels also owns Starwood Vacation Ownership, Inc., one of the premier developers and operators of high quality vacation interval ownership resorts. For more information, please visit www.starwoodhotels.com.
About Tata Communications
Tata Communications is a leading global provider of a new world of communications. With a leadership position in emerging markets, Tata Communications leverages its advanced solutions capabilities and
I agree we need more people looking at viper, however with increased press releases on their progress towards their forecast of $360 million annual revenue just from their India operations, we should see some significant price appreciation.
Their market cap is a joke at these levels. Even if we assume a really slow ramp up to their forecast, we should at least have a market cap at their sales current levels.
Sales are starting well in Saudi Arabia.
http://finance.yahoo.com/news/Viper-Networks-Generates-bw-1061197381.html?x=0&.v=1
If you go to pinksheet.com you can see the latest unaudited financials.
Since Viper Networks last shareholder update, they are preparing to start releasing the numbers of customers for their India calling card operations. To me, this indicates an optimistic sign that they are making real progress. If they are anywhere near their projections, vper won't just rise, they will skyrocket.
The good news is that the insiders are still at Viper Networks and working mostly without pay until sufficient revenues are generated. This may be a learning moment for all shareholders, but I do take solace in the fact that management is backing their belief in vper with a commitment that no doubt shares the pain we have felt.
I won't sell my shares at any where near current levels and feel sorry for those shareholders who get sucked in by day traders manipulating the prices. Just look at some of the trades for a few thousands shares. The cost of the trade is about the same as the cost of the shares. If that is not an attempt to manipulate I don't know what is.
Hopefully this means they have made progress on the green waste side of the business and the $100 million. They said they would drop it in Sept. if they did not get through the regulatory matters.
Mr. Shouekani continued: "We also expect to soon share other positive company developments and to begin periodic updates on the number of new calling card customers by the end of the fourth quarter. With promises of more good news coming, shareholders should note that the Company's joint venture agreement with Universal for Trading & Information Technology (announced April 8, 2010), is generating consistent monthly revenue growth from currently awarded projects and is now on track to reach $1 million during the first year of our business partnership. As mentioned, stay tuned as more new news and updates are coming."
A million customers would put us over $200 million in revenue. Unfortunately Farid has not provided us with current customers, although the statement that he will at the end of the fourth quarter, and the need to upgrade equipment so soon after startup is an excellent indication of rapid sales growth towards the $360 million annual projections.
Found this message on Yahoo Finance.
OCT 7 2010 I WENT TO VIPER HDQ 189 EAST BIG BEAVER, SUITE 201 TROY MI. 48083
. IT WAS AND ORDINARY OFFICE BUILDING WITH A STATE FARM OFFICE ON THE LOWER LEVEL.THE VIEW OUT THE WINDOW WAS WHAT YOU SEE ON THE WEB. I WAS GREETED BY HASSON ALWAN OPERATIONS MANAGER FOR VIPER. HIS WEB SITE IS hassan@vipernetworks.com PHONE
# 248 724 1300. FARID HAD BEEN THERE A FEW DAYS BEFORE AND HAD LEFT TO GO TO INDIA. YOU CAN CONTACT FARID AT farid@vipernetworks.com. FARID HOME IS IN MICHIGAN. ALL THAT WAS IN THE 5 ROOM SUITE WAS 2 COMPUTORS, A BIG BLACK BOARD WITH LOTS OF WRITING THAT WAS TECK, A NORMAL DESK, AND FURNITURE. IT LOOKED LIKE A LOT OF MAIL HAD COME IN THAT DAY. HASSON WAS VERY HELPFUL BUT DIDN'T KNOW A LOT ABOUT THE STOCK PART. HE WAS A HIGH TECK PERSON AND SEEM VERY SMART. VIPER HAS 4 MAIN OFFICES. TROY MI. USA,BEIRAT LEBANON, KINGDOM OF SAUDI ARABIA AND SRI LANKA.I LEARNED THE CO. IS A VERY NUMBER OF HIGHLY TRAINED HIGH TECK PERSONS WITH SEVERAL MILLIOM DOLLAR COMPUTORS. FLORDIA SEEMS TO HAVE A BASE ALSO. I LEARNED HERITAGE FIRST CAPITOL OF ORLANDO RUN BY SCOTT GIBSON IS PUBLIC RELATIONS. SO I CALLED HIM 407 444 5959 OR WWW.heritagefirst.com. I SPENT OVER ONE HOUR ON THE PHONE AND I LEARNED A LOT ABOUT THE COMPANY AND THE OWNERSHIP OF STOCK. FARID IS WORKING FOR STOCK. GO TO WWW.otcmarkets.com OR pinksheets.com PUT VPER IN WHERE IT SAYS QUOTES, THEN CLICK ON FINCIAL HEADING AND SCROLL DOWN UNTIL NEWS RELEASE JAN 4 2010. INITIAL COMPANY INFORMATION AND DISCLOSURE STATEMENT ENDING DEC. 31,2009. GO DOWN ABOUT 19 PAGES to the report on FARID SHAREKANI. TELLS WHAT HE IS BEING PAID, ALSO ABOUT WHAT IS GOING ON IN THE COMPANY. I RECOMMEND ANYONE WANTING TO KNOW WHAT IS GOING ON TO CALL SCOTT GIBSON AT 407 444 5959 OR WWW.HERITAGEFIRST.COM. WHAT I HAVE LEARNED ABOUT VIPER IS THE COMPANY IS PUTTING THE COMPANY TOGETHER AT A VERY LOW COST,A FEW KEY EMPLOYEES TO SELL THE COMPANY AND COMPUTORS TO DO THE WORK TO CREATE INCOME. THEY SEEM TO HAVE THE RIGHT MANAGEMENT IN PLACE TO GET THE JOB DONE. WE SHOULD HAVE A NEWS RELEASE VERY QUICKLY. FARID E MAILED SCOTT GIBSON AND SAID GOOD THINGS ARE COMING.AFTER SCOTT HAD TOLD ME WHAT FARID HAD SAID I GOT THE FEELING THAT THE INDIA CALLING CARD WAS GOING A LITTLE SLOWER THAN EXPECTED BUT THEY HAVE OVER 81 MILLION CUSTOMERS AS OF 6 MONTHS AGO AND THEY ARE GROWING. THEY HAVE COMPETITION BUT VIPER HAS THE GOVERNMENT SUPPORT IN INDIA AND THIS SHOULD HELP IN THE LONG RUN. EVEN AT THIS LEVEL OF CUSTOMER BASE THEY HAVE NOW THE COMPANY WILL BE VERY PROFITABLE. IT MAY TAKE ANOTHER 6 MONTHS BEFORE THE BUSINESS GROWS TO THE POINT WHERE WE WANT IT TO BE. GO TO INVESTOR SOUP AND LOOK AT THE ARTICAL ON THE RIGHT SIDE CALLED ISUNAMI ALERT. I WILL BE GLAD TO TALK TO ANYONE THAT WANTS TO CALL ME. MY NAME IS GLENN ROMINES JR. I OWN ROMINES FORD LINCOLN IN HOUSTON MO. PHONE IS 417 967 4134. I ENCOURAGE YOU TO CALL SCOTT GIBSON AT 407 444 5959 OR WWW.heritagefirst.com. I FEEL VIPER IS GOING TO BE A VERY PROFITABLE STOCK TO OWN IN THE NEXT FEW MONTHS. THE MONEY TO BE MADE IN THIS STOCK IS BUYING NOW AT VERY LOW PRICE AND KEEPING IT FOR ABOUT 6 MONTHS. VIPER IS CREATING THE COMPANY THE RIGHT WAY, WITH THE RIGHT PEOPLE AND DOING IT WITH OUT WASTING A LOT OF MOMEY ON FRILLS. I FEEL THE STOCK WILL BE AT LEAST 5 CENTS IN THE NEXT FEW DAYS AND GOING UP TO WHAT EVER. MAYBE EVEN THE ISUNAMI THAT WAS FORECASTED. GOOD LUCK EVERY ONE I HOPE I HAVE HELPED. GLENN ROMINES JR.
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_V/threadview?m=tm&bn=58373&tid=502&mid=503&tof=1&rt=2&frt=2&off=1
Pity that it is not the same Globalcom, however good news if they can succeed in India to that extent, Viper has a great opportunity internationally.
Regarding your calculation for market size, you are right regarding India, however Viper is targeting the 50 million international expatriates per the following news release.
It has been over a month since the last news release, and they said they would give us an update in Sept., so hopefully we should hear something positive soon.
http://www.marketwire.com/press-release/Viper-Networks-VPER-President-and-CEO-Issues-Shareholder-Letter-1137114.htm
Our primary focus in 2009 and most exciting project with the biggest projected impact on earnings is our BSNL/India Calling Card division. In March of 2009, the Company signed a 5-year Joint Venture Agreement with Cirilium India Pvt. Ltd. for the exclusive franchise rights with BHARAT SANCHAR NIGAM LIMITED ("BSNL," a Government of India Enterprise) for pre-paid international calling cards for retail inbound international traffic. This Joint Venture will target the roughly 50,000,000 Indian expatriates and a floating population of Indian tourists outside India. This card will enable users to call from any landline, mobile, PC or any VoIP enabled device from countries where it is proposed to be launched in the world. The card will be available both in India and outside India. Viper is partnering with Cirilium India Pvt. Ltd. to own and operate this license, offering a full spectrum of national and international telecom services, including: VoIP, Calling Cards and Pinless Accounts. To meet projected revenue and ramp sales as quickly and efficiently as possible, Viper has targeted some of the largest telecommunications providers for various sales, distribution and carrier agreements for the approved countries.
Globalcom books $100 million in orders. Looks like this is the Globalcom Viper Networks is associated with but I am not sure. Hope so though.
Enterprise
Reliance Globalcom bags orders worth $ 100 mn
TT Correspondent | Mumbai | 04 Oct 2010
Reliance Communications subsidiary, Reliance Globalcom announced bagging orders worth $ 100 million in 100 days between April and July.
“Our global Enterprise customers, across all sectors, have had to overcome significant challenges to maintain business growth over the last 12-18 months. Being able to provide scalable solutions that maximize the value of existing internal resources either via enhanced collaboration or centralization of multi-supplier network, contract and billing management has been critical to their success,” said Punit Garg, president and CEO, Reliance Globalcom.
Some of the clients on list include Collins Stewart, a leading financial advisory group and Avanz Technologies, a leading technology solutions provider.
http://www.telecomtiger.com/fullstory.aspx?passfrom=enterprisestory&storyid=10050
I suspect that the day traders have gone elsewhere and only the longs remain. Of course we won't sell at these prices, so they can manipulate the prices higher when they sell and manipulate them lower when they buy and repeat.
I have sometimes seen the bid and ask, both at one share each. Not sure why they would do that unless it is a zero cost and they either suck in scared sellers.
Buy and hold. Let VPER prove themselves and grow.
Found a well written article on VPER describing a Tsunami Alert on Viper Networks.
The one thing I would add is that management has persisted without pay as can be seen from the financials. That is a strong indication that the Tsunami is more likely than not.
http://blog.macroaxis.com/2010/09/15/tsunami-alert-on-viper-networks-vper/
The volume has been much higher in previous sessions, so I don't see anything abnormal. I suspect we have traders that load up at low prices and as soon as they can double they get out and repeat over and over again.
This could be a good strategy to gain a few bucks, but they run the risk of missing out when vper takes off to a reasonable valuation for their expanding business.
Of course, I think I prefer to look at the optimistic side, and believe their forecast of over $300 million in sales and gross margins better than 60%. If so, I am sure you will be a retired workingman, as the stock price will be above $10.
I am not sure if your reference to $30,000 was a typo, however I would expect it to be much higher.
In 2009 they did close to $300,000 per month after having reduced sales as a result of their change in strategy to focus on India.
As per the following statement from vper, I would expect they could be at least at $600,000 per month without India. If we assume a really slow (verses their projections) ramp up from India at an additional $500,000 we should see a run rate of between $10 - $20 million, increasing rapidly as they gain market share.
This, of course, assumes no sales from their other activities in construction, waste management, or the Green Key equipment.
Since Viper Networks' acquisition target (Global Teleconnects) was consistently producing monthly sales of approximately $400,000 at the beginning of 2010, the Company believes that they can address Global's main issue of lost termination capacity and rapidly increase sales 70% to 80% higher than current monthly revenue numbers (noted above).
Having invested over $10 million in equipment over the past couple of years while establishing a strong base with the 7th largest telecom company in the world, does not sound like life support to me, but rather a rocket ready for take off.
RTI
RTI is a patent holding company that is not an operating company however solely exists off of suing other companies.
VPER is suing RTI for infringement of VPER patents and seems to be winning so far. The judge rejected RTI's claim of a summary judgement (i.e. not enough evidence to take the case further) in January. Hence the VPER lawsuit against RTI continues.
I have not seen anything more than what you can see at the following link, however it would be interesting to see the strength of the VPER patent and if other voip companies might be infringing vper technology.
http://dockets.justia.com/search?q=Rates+Technology+Inc.
Don't forget that vper is planning on getting out of the pink sheets and going to a higher board.
This stock is really cheap with a market cap at $500,000 when sales are expected to grow to several hundred million.
Here is the text and link:
Additionally, the Company will be submitting all required documentation for an immediate upgrade to the next higher OTC Market Tier for Pink Sheets listed companies, which is assigned by meeting greater disclosure and compliance requirements from Pink OTC Markets. The Company anticipates reaching the next highest tier listing standard with full Current Information status, by completing all relevant financial filings or posting of Viper Networks' last two fiscal quarters ended March 31 and June 30, respectively.
http://finance.yahoo.com/news/Viper-Networks-Posts-pz-2014352567.html?x=0&.v=1
Wow, look at the market cap at .004, why would people sell at those prices. vper is likely to have at least $20 million in sales, even if forget about the India forecasts of $360,000,000. As a growing voip group, at $20 million in Sales, they should have at least a market cap of their sales.
Viper is in the forefront by using their technology to facilitate buying and selling of goods in emerging markets where the transfer of cash is difficult, time consuming and expensive.
Read the Article in the following "Economist" link to understand the potential.
http://www.economist.com/node/16319635
The way I view it is that vper has invested over $10 million in computer expenses over 2008 and 2009 to set themselves up in their chosen markets. During this time, management has taken either no salaries or very limited income.
Given this, I see a company believing in what they do and a potential for success. Should they succeed and only get 25% of what they predict in India with future continued growth, I can see vper being worth considerably more. Your guess is as good as mine, but the pink sheets will make it volatile up and down all the way to a bigger board if they make it.
I don't think I will sell my shares if we start to see this growth, as the markets and partners they have chosen will see expansive growth over the years to come.
In my opinion it is the MM's or day traders that try to manipulate the stock price up or down based upon what their objectives are. The other day I put in an order to buy and only got 5,000 shares, after which the price went way up and no further trades.
Obviously I used a limit order, otherwise at market, they probably would have set up several levels to fill the order at higher prices until the order was filled.
I would not worry about price fluctuations on a day to day basis especially with low volume. If you see high volume and high price increases, somebodies is being stolen from unless there are good market reason for it.
More stability will come, so I am not selling, however buy when the MM's force the price down. Just don't get sucked in as they try to increase or decrease the price with 500 or 5000 shares.
The 5000 I got cost about $28 and I had to pay $4 to buy. Not a good thing, unless I sell at $1/share in six months.
Opinion
To be honest, I was disappointed with the 2009 sales numbers. Even if they spent more time in India, a big drop in recurring sales is not a good indicator unless management addresses it with something logical such as shutting down an unprofitable market.
The excellent news is management has once again reverted to not taking salaries while investing heavily in severs. If they believe in Viper that much and back it up as they do, I expect things to start materializing soon.
$3.5 million in computers does sound very high. Does anybody know what servers cost to run voip?
As a new member, this is my last post for today, however I will stayed tuned.
Don't forget, India is one aspect, I also expect to see some progress with the construction side and the green machinery group.
I think patience will pay. I am encouraged that the current management have at times gone without pay and have clearly stuck with it over some of their most difficult periods.
Farid seems to be a man with a mission and a plan verses Weaver who did a lot of talking but never seemed to get anywhere.
Farid has increased sales from, I think, about $2.8 m in 2006 to $6 m in 2007 and the recently released 2008 numbers of $7 m at near break even for 2008. In my opinion, this show his plans are coming to fruition.
Hence, at todays price, I see the market cap to be well undervalued based upon 2008 alone. When 2009 and some indication that India is taking off, I hope my patience will prove vper to be a multi dollar stock with a future off the Pinksheets. Hopefully this will put an end to the market manipulation.
I had a bid in at .0055 at the open. Why would the the 7150 shares have been sold at .005? Can the mm's sell to themselves at low cost and manipulate the price up and dow?
As a new member here, I would like to say I have held vper for more years than I can remember. Must be 5 or more.