Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
If we assume the other states will cost a similar amount, we should see close to $4 million coming in unless of course, they have more towers in those state and then we would see more $$$$.
I guess we will have to agree to disagree. My point is the web site is the official voice of the Ministry and they would not have listed the statement unless it was in fact true.
We do not know the details of the wireless contract, however it may also be possible that they receive 50% up front or they bill hourly like contractors. In any case it is unlikely they can hire that number of people on a hope and promise. They must have the cashflow to do so.
Your points are all relevant, and vper is certainly a high risk and perhaps high reward investment. Its history has certainly been sporadic, and now hopefully they have learned to finally achieve success.
Elyptic, if you cannot accept a statement from the Sri Lanka Ministry itself, I am sorry, I cannot help. Wether or not they used in part or full whatever Farid stated is immaterial. They have confirmed through their official site what vper stated.
here is a link to Colombo News
http://www.colombopage.com/archive_12A/Oct03_1349286225CH.php
(I have not called or spoken with vper nor Farid. As to the other questions:)
(50% down question: answer)
The main reason for delays between successful pilot program conclusion and new order deliveries going forward has been two fold. One, we were expected to cover all manufacturing costs upfront and two, Apollo Metro created a better mouse trap, or rather a new second generation of LED lights that once the word was out, all parties abroad and in the U.S. requested new testing for since they wanted their existing orders to be replaced with the new generation of LED lights.
As announced May 9th, the New Generation of LED Lights was shipped to both pilot project parties overseas and in the U.S. The highly successful results has lead to new manufacturing terms for at least one major domestic client that will pay 50% upfront to cover manufacturing costs and 50% at delivery.
In equal partnership with Apollo Metro Solutions, we are now in production of the 2nd generation LED lights and expect to release details of this first full fledged order shortly. Investors and shareholders should know that the quality of the remarkable breakthrough LED lighting products (and now the new 2nd generation) are proving itself heads and shoulders above the competition. Additionally, city and government department agencies and commercial markets we are testing in or in discussion with worldwide represent potential large scale business of the highest order.
(my mistake, the 50% is for the domestic client, in any case, it shows enthusiasm for the product. As for the delay, that is explained and shows we are near completion.)
link to letter http://www.vipernetworks.com/news/company-news/
(It also states:)
However, let me address the recently imposed ‘chill’ on our stock by DTC. On May 24, 2013 we submitted all information requested by the DTC to our SEC lawyer to support the proper issuance of stock during the past 3 years, which should lift the 30 day trade clearance chill effect imposed by DTC. All completed documents were submitted with our attorney’s Legal Opinion, and we anticipate a positive response at any time.
Also, though we are busy with new wireless communications projects in the U.S. right now, we are working to gain higher trading level status with a partial reporting ‘Yield’ status with Limited Information this summer and then Current Information status on OTC Pink by making filings publicly available through the OTC Disclosure & News Service.
(2012 & 2011 financials showing accrued salaries. They don't work for nothing expecting failure. They are getting their finances up to speed to get a better listing and be current.)
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=98405
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=79369
You have got some good points, which we should all consider before investing.
Inside contacts are vey important. Give the business to my buddy.
SR's initial RFP was for LEDS lights with 80% savings.
Now it's solar with monitors.
Don't forget SR has an issue with terrorists.
Check back in the PR's, SR is now willing to put 50% down while initially not.
Don't you think they are impressed?
As for the telecom contracts, they will self finance the work and provide cashflow.
Cashflow is always good.
Another give the order to my buddy, he will be great.
Check out Ortok http://www.vipernetworks.com/about-us/
If somebody you trust says go with this guy, so long as his price is competitive, who would you chose.
Farid sold his business to Weaver. Weaver sold shares whenever he could and finally Farid took over. He has attracted good people, struggled, but is pursuing, as are his team. How many times did Trump fail and succeed, to then fail and finally become a billionaire?
I like the guy that never gives up, but evolves with the resolve to make it. To me it looks like he is about to make it and I will stay long and strong. Actually recently added to my position.
All that said, being hit down and having to get back up again is hard. If investors can't take it, they should not be invested in these types of companies.
Ironic really, Farid has not given up, so I put a higher priority on his actions, although no offense to those that chose to sell.
This is simply confirmation from the Gov. source that Viper is not a scam.
If you look at the various PR's you will see that while doing the initial tests, they came out with a newer better leds street light that the gov. wanted. This is currently being tested and should be ready any day.
The way I view it, is that they were pleased with the first test but very excited about the improvements in technology including solar and various sensors, including monitoring.
I don't have the time right now to look all these thing up, but it's out there.
I fully expect the orders to start flowing, hence, I am holding all my shares until the pennies or if Farid starts selling.
Here is a link to the Ministry of Fisheries statement. If you look at the copy right statement at the bottom, you will note that this is not a pr from Viper.
http://www.news.lk/news/sri-lanka/3347-led-technology-to-illuminate-fisheries-harbours
You may be right that they are full of it however the way I look at it is they have not given up. They and their families have invested money in vper, and don't take salaries from cashflow, but rather let it sit on the balance sheet as being due.
As for the pilot project, I see they initiated the first one, when the Sri Lanka guys liked the improved solar leds, they initiated a second pilot program which should be finalized any day with, hopefully orders to follow.
I would be more worried if I saw management selling their shares rather than investing.
Each to his own, good luck.
Sorry if I was not clear. He is vper VP of international Projects. Having worked for the Sri Lanka's gov., he certainly has shown that he could get their interest and pursue the pilot projects. It's much harder to get business if you are an unkown vs an insider.
Check out his profile here:
http://www.vipernetworks.com/about-us/
Just in case you don't know, vper has an inside track into Sri Lanka Gov.
Mr.Ranasinghe’s broad knowledge of human behaviour and ability to, assess and manage risks, has given him the capacity to plan and act globally, to achieve value-driven corporate management. While on the Board of Directors of the Sri Lanka Bureau of Foreign Employment under the Sri Lanka Government Ministry of Labour, Mr.Ranasinghe demonstrated dedication and intensity to promote economic opportunities in the Middle East, for Sri Lankans and the Sri Lanka Government.
Either vper finally makes it or if not, somebody will buy them out for their over $20 million in retained losses. i.e tax loses. somebody buys them up for a couple of million and does not pay tax on $20 million in profits.
I prefer to see them succeed, since I have owned shares in vper at over $1.00. Hope to see that return, but would be happy to see them in pennies and close to a dime.
good luck all us longs.
ps, Farid has not given up, nor his family and friends that have supported vper. Have to give the guy a lot of respect for that. Just think through how many business people fail, but never give up and ultimately are very successful.
of course I want it now, not in 10 years. Light the fire or LEDS Farid, now it's time.
Just in case some of you miss the huge point, the LED's are better than the competition. Sri Lanka asked for a second pilot project with the new lights (meaning they really want them) and they are now willing to pay 50% down. I would say the $150 million order is in the bag with the fisheries dept. and as a result of their enthusiasm, other ministries will follow. go long vper
Shareholder Letter:
Letter To The Shareholders
June 24, 2013
Dear Shareholders of Viper Networks:
On behalf of Viper Networks’ executive management team, the Board of Directors, employees and associates; I am writing to provide a more definitive accounting of numerous developments; including joint ventures, partnerships, alliances, and agreements that have been announced since the last shareholder letter issued in early 2010.
The time has come to clarify our newly-structured corporate operations that feature our core IT and wireless communications business with a projected 3rd quarter net profitability expectation, the increasing value of the Company’s minority ownership position in Aequitas Energy; and Viper Networks expanding strategic partnership with LED light manufacturer Apollo Metro Solutions, Inc.
Indeed, it is great to communicate how well we have positioned the Company for sustained profitability through fiscal years 2013, 2014, 2015 and 2016 simply based on our long-term services agreement with Mastec, Inc. (NYSE: MTZ).
However, let me address the recently imposed ‘chill’ on our stock by DTC. On May 24, 2013 we submitted all information requested by the DTC to our SEC lawyer to support the proper issuance of stock during the past 3 years, which should lift the 30 day trade clearance chill effect imposed by DTC. All completed documents were submitted with our attorney’s Legal Opinion, and we anticipate a positive response at any time.
Also, though we are busy with new wireless communications projects in the U.S. right now, we are working to gain higher trading level status with a partial reporting ‘Yield’ status with Limited Information this summer and then Current Information status on OTC Pink by making filings publicly available through the OTC Disclosure & News Service.
Now I’ll provide some updates and notable conclusions on matters previously announced.
In January of 2011 we officially stopped all work on the India Cirilium project with BSNL for calling card services after the country telecommunications ministry was involved in a long investigation of its minister that resulted in the cancelation of several contracts and put our strategic partnership agreement with Cirilium on indefinite hold.
Additionally, by the end of 2011 we finished all telecommunications projects in the country of Saudi Arabia, and we ended the project that was on hold pending license approval from the government for recycling and environmental services. The license was ultimately not awarded and thus, the project was canceled.
In January 2009, we also entered into a Teaming Agreement in the Kingdom of Saudi Arabia to form a new entity, Saudi Nossan Viper Green Key (SNVG) for the purpose of developing and bringing to market environmentally-friendly products and services.
During this same period we announced project specific analysis and site selection for a large-scale plant installation in Industrial City in the Kingdom of Saudi Arabia and in South Korea to convert millions of metric tons of bio waste to compost.
These two projects were ultimately abandoned or canceled later in 2010, since final permitting approval became grossly delayed and/or we were not awarded the license.
In early 2012, Viper Networks signed an agreement with LED America to start manufacturing LED lights in a joint venture with several other groups to establish the first LED manufacturing facility in the U.S. located in Washington D.C. Since a portion of the sizable grant monies earmarked for the project tied to one of the JV parties became significantly delayed due to non-related processes, the Company moved on.
In fact, it was in this period during the last two quarters of 2012 that I believe the greater good for Viper Networks and its shareholders prevailed. For this is when we not only officially ended our agreements with LED America and all related agreements, but shortly thereafter began working with Apollo Metro Solutions, Inc. (www.ApolloMetro.com).
This, our primary focus over the last 9 months, has been to help build and test the new breakthrough LED lights through multiple pilot projects (as announced in Sri Lanka and domestically in Ohio). Apollo Metro Solutions now has a full selection of intelligent LED lighting solutions that can be deployed into metropolitan areas, parking lot and warehousing facilities. Not only does Apollo LED lighting deliver, arguably, the best performance and energy efficient LED lights in the market, they also have the ability to incorporate a variety of technologies into a single design.
The main reason for delays between successful pilot program conclusion and new order deliveries going forward has been two fold. One, we were expected to cover all manufacturing costs upfront and two, Apollo Metro created a better mouse trap, or rather a new second generation of LED lights that once the word was out, all parties abroad and in the U.S. requested new testing for since they wanted their existing orders to be replaced with the new generation of LED lights.
As announced May 9th, the New Generation of LED Lights was shipped to both pilot project parties overseas and in the U.S. The highly successful results has lead to new manufacturing terms for at least one major domestic client that will pay 50% upfront to cover manufacturing costs and 50% at delivery.
In equal partnership with Apollo Metro Solutions, we are now in production of the 2nd generation LED lights and expect to release details of this first full fledged order shortly. Investors and shareholders should know that the quality of the remarkable breakthrough LED lighting products (and now the new 2nd generation) are proving itself heads and shoulders above the competition. Additionally, city and government department agencies and commercial markets we are testing in or in discussion with worldwide represent potential large scale business of the highest order.
The other corporate priority was to get our core telecommunications talents and services up and running in the U.S. market to establish solid revenues and growing profitability. As a U.S.-based company headquartered outside Detroit in Troy, Michigan, securing a long-term contract to work on North American wireless communication projects was paramount.
We have now accomplished that (VPER news: 6/24/13) by signing a 3 year contract with MasTec, Inc. (NYSE: MTZ). This leading industry force for building and rebuilding America’s infrastructure generated $3.7 billion in revenues in 2012 and delivered a Compound Annual Growth Rate of 27% since 2007. Since signing the agreement, Viper Networks has expanded project capabilities by hiring twenty project specialists for our engineering and wireless communication requirements since beginning work at the beginning of May 2013.
And finally, our third area of interest for building company and shareholder value comes from our 4.5% minority equity ownership position in Aequitas Energy, which we acquired by investing $130,000 one year ago in June 2012. Although Viper Networks may have a continued opportunity to invest more cash to increase our ownership percentage, our current investment focus is geared to expanding our LED business segment, in both market development and order fulfillment.
That being said, Aequitas Energy has now become a licensed electric supplier in Massachusetts too, along with officially launching their retail electric service in Connecticut in January 2013. Aequitas Energy is extremely well-positioned to capture notable market share in these deregulated states (and more TBA) by offering some of the lowest rates available. Although Viper Networks is a small minority shareholder, our stake could become very valuable, very quickly. So we will provide occasional updates as appropriate and encourage you to do your own research, compare Aequitas Energy’s rates and pull-up your energy procurement partners at www.AequitasEnergy.com.
With Viper Networks third quarter starting July 1st, the Company expects to announce unaudited quarterly results ending 9/30/13 shortly thereafter. We also look forward to self-reporting our audited financials for the fiscal year ending December 31, 2013; which we anticipate releasing during the first quarter of 2014.
In conclusion; things are looking great for the Company, so stay tuned as we focus on our huge potential with Apollo Metro Solutions over time, our solid revenue and earnings stream over the next three years through Mastec, and our passive position in Aequitas Energy worthy of significant appreciation in the not too distant future.
Thank you and best regards to all current and future shareholders.
Sincerely,
Viper Networks, Inc.
Farid Shouekani, President & CEO
My guess is they stated with the high cost saving high lumen lights that were successfully tested and then the ministry asked if they could develop their solar lights with higher lumens, also now successful.
Here is another link to the pilot project starting on June 5th.
Please also remember one of the vper board members was involved with the Sri Lanka gov. I forgot exactly how, but he is listed on vper's web site if anybody is interested.
I say it will go parabolic.
A pilot project aimed to coincide with the World Environment Day, which falls on June 5, was being planned, the Minister said.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=77913
This must be the project. Click the link to read the full article. vper is ready to go parabolic!
He said his ministry expected to implement the programme countrywide if the pilot project was successful.
http://www.powerengineeringint.com/news/2013/04/30/to-use-solar-power-for-street-lamps.html
I suspect the following refers to vper's and Apollo's solar power option. Having greater Lumens was key for solar light. Hence they were successful in the pilot project and now shipping the client requested improvements. Go vper.
However, Apollo Metro was also working to incorporate several ‘client requested’ technologies into this single design. As project success neared completion, Apollo Metro Solutions completed development of a new generation of LED lights with even greater Lumens per Watt (LPW).
If the $150 million from Sri Lanka comes in, it is more likely we are headed in the direction of .50 rather than .0005, I predict we are certainly into the pennies and possibly dimes. Time for Farid to give us an update.
Sri Lanka to convert street lights to renewable energy. Hope vper is involved with this, as they also sell solar based systems.
Sri Lanka to convert street lamps to renewable energy
A system of street lamps being s operated by a source of renewale energy will come into operation on June 05 in Sri Lanka to coincide with the World Environment Day.
This was revealed by Sri Lanka Minister of Environment and Renewable Energy Susil Premajayantha The Minister said that the regenerative system of street lighting would start from Sri Jayewardenepura Municipal Council area.
Minister Premajayantha said the government spends Rs. 4 to 5 million per month for the street lights and it iexpected to convert around 5,500 street lamps country wide to renewable energy.
http://www.lankanewschannels.com/2013/04/sri-lanka-to-convert-street-lamps-to.html
I have also owned vper since that time, and consider its current price to be zero, so I won't sell. vper was well over a buck back then.
I am not saying we will see that any time soon, but Farid and his team have stuck with it. That says enough to me to stay to the end if that is to come. If not, vper's persistence over the years may well provide us with spectacular returns.
It's either that or zero for me.
Nice volume today, must mean a pr will come shortly.
I am waiting for the Sri Lanka fisheries order to come in. That would be in the region of $150 million and will lead to other Sri Lanka government orders. Hope to see multiple pennies soon. On the other hand, its a lottery, if they don't get the orders, we could remain at these levels until they do. The good news is that Farid, his team and family have a hell of a lot invested to make it work.
Farid, time for a shareholders update. Not just news, we want a full scale update detailing what has been happening with all the divisions. What's going on with construction? What is the current status of BSNL. What's going on in Singapore or Bahrain. Once you come straight with the shareholders, you will see this stock being reasonably priced based upon current and forecast sales and potential profit.
Of course it would be nice to hear news on LEDS sales and potential in electrical sales.
Thanks in advance.
It must be on the internet somewhere but after querying viper networks and tsunami, I could not find it. Perhaps some internet savvy person can resurrect it.
It would be nice to see us improve on the historic highs. $1.55
Viper Networks, Inc.(PINK:VPER)Add to portfolio
Company
Summary
News
Related companies
Historical prices
Markets
News
Portfolios
Stock screener
Google Domestic Trends
Recent Quotes
You have no recent quotes
Historical chart
1.55
1.08
0.62
Dec 3, 2003 Dec 1, 2004
Export
Download to spreadsheet
Daily prices -
Date Open High Low Close Volume
Feb 2, 2004 1.16 1.19 1.00 1.01 898,284
Jan 30, 2004 1.11 1.15 1.07 1.12 701,337
Jan 29, 2004 1.20 1.23 1.10 1.15 1,187,742
Jan 28, 2004 1.19 1.26 1.11 1.12 1,546,208
Jan 27, 2004 1.26 1.30 1.07 1.09 3,078,244
Jan 26, 2004 1.59 1.59 1.23 1.25 3,638,725
Jan 23, 2004 1.34 1.72 1.31 1.55 5,007,046
Jan 22, 2004
If you get through, could you please ask Farid for an annual shareholders update. Would be nice if he gets the $150 million order, as that will take us into the pennies very quickly.
Tel #
Investor Relations:
Heritage First Capital (Orlando)
Scott Gibson, Direct # 407.444.5959
Viper has put up a nice new web site after being hacked the other day.
http://www.vipernetworks.com/
If you go to Viper networks web site it takes you to http://www.apollometro.com/
Hopefully they update us with a news release.
Nutjob said:
"VIPER WILL DO VERY WELL IN 2013.VIPER WILL EXCEED ALL EXPECTATIONS. THOSE OF YOU THAT THINK YOU KNOW WHAT IS GOING ON DO NOT HAVE A CLUE. I KNOW."
I would like to state that Nutjob very rarely posts, but he has been accurate in the past and I fully believe that although he does not have insider information, he does get a wiff of how things are progressing. I suspect he has regular casual relationships with key management that may express enthusiasm from time to time, whether over a summer BBQ or neighborly Xmas party.
Nutjob let us know if I am wrong or if you choose to remain silent.
In any case, I appreciate you letting us know.
Here is the link to Seth Leitman
http://www.greenlivingguy.com/greenliving/2012/12/11/viper-networks-poised-capitalizing-green-lighting-led-street.html/
Viper Networks Poised Capitalizing #Green #LED Street Lighting Conversions With #Municipalities Across Our Globe http://t.co/gRP3BgNu
— Seth Leitman (@seth_leitman) December 17, 2012
Plain and simple, vper will skyrocket when they start booking orders. $150 million, as a start, in Sri Lanka with other government agencies likely to follow will show shareholders that vper is following through on their PR's. Until that time, the swing traders will try to get your shares. They won't get mine unless they pay 10 cents or more.
Based upon the list of the top 50 and a comparison with a list of the top group from Ohio, I believe the customer is Proctor and Gamble. Here are the links so you can come to your own conclusion. In any case, this is very positive for us longs.
http://money.cnn.com/magazines/fortune/most-admired/2012/full_list/
http://money.cnn.com/magazines/fortune/most-admired/2012/states/OH.html
This article says the pilot projects were a success! Hopefully an order confirmation is the next thing to hit the news. $200,000,000 order locked and sealed! Stock set to go parabolic!
Viper Networks Makes Success on LED Street Light Conversions in Sri Lanka
Viper Networks, Inc. has made success on both LED lighting pilot programs with Sri Lanka’s Ministry of Fisheries and Aquatic Resources; and with Colombo city officials representing the largest metropolitan area in Sri Lanka.
http://www.ledlightingdream.com/viper-networks-makes-success-on-led-street-light-conversions-in-sri-lanka.html
Interesting that you ask! Check this article out:
http://qctimes.com/business/leds-bulb-maker-to-open-temporary-bettendorf-location/article_1e135874-3917-11e2-a4d3-001a4bcf887a.html
That is true and that is the risk. Don't forget that the pilot program was initially for three months. This was reduced to 30 days or less for a reason. I would conclude vper supplied sufficient backup to justify this. We should find out within a week or so. Will be fun to see the share price response if the get the first order. Once in with the first ministry, I would assume the rest will follow.
Aequitas Energy Receives License in New State
The Connecticut Public Utilities Regulatory Authority granted Aequitas Energy, Inc. an electric supplier license to serve residential, commercial, and industrial customers
http://www.energychoicematters.com/stories/20120906b.html
Have not heard much about Aequitas Energy however it looks like they are active, see link.
http://www.dpuc.state.ct.us/electric.nsf/c39dc573ab1299538525743b004d4df6/004f0defa5a8035585257aaa003daef8?OpenDocument
I agree they have not always followed through on PR's, however they are following through on LED lights. They stated they either acquired or partnered with various LED companies followed through with pilot projects and now seem poised to bring in the orders. All I am saying is that if the orders come through, we won't be in the sub pennies. It's a risk, but has the potential for a huge reward. Don't invest anything you can't afford to lose, but be ready for a huge pop if we start to book orders.
We are getting close to the time that the pilot program in SR will be finalized. Should they succeed, this will follow through with $150 million in orders. As this will be just the beginning of orders, to follow through with multiple ministries in SR, I can see we pop several cents with multiple orders leading us to the dimes. I doubt we see a buck in the foreseeable future but I do remember when we were above a buck.
http://www.powersystemsdesign.com/viper-networks-poised-to-capitalize-on-led-street-light-conversions?a=1&c=1144
My guess is the Asian country is Singapore. Seems logical as one of the board of directors has good government contacts. Be patient and we sill see vper in the pennies soon. All they need to do is start booking the orders in SL with projected sales of $150 million over 20 months. Add to this orders coming from other ministries and would will likely see this more than double. Once this starts, we should see the other countries place orders based upon a proven track record.
Farid, keep up the great work.