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Wow. That website is as much of a website as the "office" is an actual office. The potential legitimacy after having acquired EcoTech is completely out the window with this operation. Money is being made by all involved. I'm guessing the only reason for VPER to stay public is they can get some extra spending money by selling shares. Company was dormant for several years, then got current, sold some shares, tried to look a little more legitimate, and that brings us to where we are now. Nothing has changed, same thing they have been doing for years. Shell game. I'd bet they would all say they have the most integrity of anyone on the planet if you were to ask them. Ask Farid why Global Sustainable Initiatives is even involved at all and I'm sure he would either completely evade the question or throw a bunch of buzzwords at you. "GSI" and "GSI". I'm sure it's just a coincidence. As is the fact that Global Sustainable Initiatives had the same address, phone number, and website URL as Global Services International after Global Services International was acquired by VPER. Very shady.
Thanks again for staying on top of things.
What an amazing company.
Goo VPER
It's the only explanation as to how VPER can still exist after so many years with next to no revenue. Some sort of shell game. Why do they mention Apollo Metro Solutions in their financials, but don't list their ownership stake as an asset? Why do they claim to have purchased Global Services International, but don't mention that in their financials either. Where does Global Sustainable Initiatives fit in? Apollo Smart Lights? They say it's "Viper product", but how?
What an amazing company.
Goo VPER
From their latest financial statement:
Common stock, par value $0.00001, 6,000,000,000 shares
authorized, 5,768,597,467 and 5,468,852,781 shares issued and outstanding
as of December 31, 2022, and December 31, 2021, respectively.
This does not include the 13 BILLION they are currently in the process of trying to sell.
The state where VPER is registered shows their AS at 20 BILLION.
What an amazing company.
Goo VPER
Zero poles installed
$500 revenue in Q1
<$1,000 cash on hand at the end of Q1
13 BILLION shares being sold by the company at .0002
OS will be nearly 20 BILLION when those 13 BILLION shares are sold.
VPER previously tried to dilute at .0005 and .0004, but couldn't sell the shares, so they jacked the AS up to 20 BILLION and are attempting to sell at .0002
Cybergrab is not licensed to do business anywhere. App download numbers are a joke
Gr8Seas has the same address as EcoTech. Is this fishy?
VPER has not addressed relationship with Global Sustainable Initiatives.
VPER has not addressed relationship with Apollo Smart Lights other than to say it "is Viper product"
Why has their ownership portion of Apollo Metro Solutions never brought in any income? Apollo Metro Solutions has no "news" on their website since 2018. Some of their product literature shows copyright in 2020. Apollo Metro Solutions appears to sell the same smart light and smart city solutions as VPER. How does that work?
What an amazing company.
Goo VPER
Does that $10 million get them to PDUFA? Seems like chump change. I'm guessing they are hoping they can raise some more money once the stock starts to push up as PDUFA gets closer.
No interest=no action
What an amazing company.
Goo VPER
Track record is a good indicator of what's to come. ZERO poles installed. 200+% dilution. 13 BILLION shares being sold by the company to take the OS to nearly 20 BILLION. Revenue is a joke. Even their small "income from subsidiary" is dropping like a rock. No interest in the stock. Daily volume has dried up. I don't think the company will be able to sell the 13 BILLION shares at .0002. I believe they will end up having to dump them in the open market and that will drop the price to .0001. Once those shares are out there, it will take BILLIONS of shares being traded to move the price up any significant amount.
What an amazing company.
Goo VPER
They first said that in 2018 only it was "by 2022". 5 years and ZERO poles. I seriously doubt they will hit that 2025 goal.
They can't seem to hire anybody. The same 4 positions have been listed on their careers page for over 2 years now.
What an amazing company.
Goo VPER
How many years until a SINGLE POLE is installed? Started in 2018 and MAY have broken ground on a SINGLE POLE last month.
Cybergrab is not licensed to do business. VPER has nothing to do with "telehealth" other than supposedly getting a kickback on anyone who signs up for a "telehealth" website using a link. Maybe their true expertise is skincare!
What an amazing company.
Goo VPER
I appreciate your input.
I have felt the same way about VPER for years. At one point, Farid Shouekani was listed as general manager or CEO of several companies that seemed to be involved with VPER. VPER never generated much revenue, but obviously Farid Shouekani was making enough to live off of and these other companies were apparently still in business. Just seemed odd. Now it seems like the same situation with Apollo Smart Lights (used to supposedly be an entirely separate company, but it's hard to say now), possibly Apollo Metro Solutions (which you never hear about other than they are mentioned in financials, Global Services International, Global Sustainable Initiatives, EcoTech, Gr8Seas, Syngrex, USADocOnCall, etc, etc.
As far as poles go, it just seems strange that they have never shown a finished product. They show pieces and parts, but nothing that says "Viper Networks". They stated that Apollo Smart Lights is VPER product. Ok, great, so then explain what the situation is with Apollo Smart Lights. Is it a separate company? Is it a subsidiary (that was never announced as being acquired)?
Their products (provided they do exist) aren't anything new or earth-shattering. No reason to claim to be on the cutting edge or the most advanced. If the products are solid and you bring value in terms of service and expertise, you don't have to have the most advanced widget available. Problem is they have never installed a smart pole. They have released a few pictures of components and some supposed "smart" light installations around the world, but those installs don't seem to have produced much in the way of revenue for VPER (would have been SEVERAL years back) and they are simply LED light fixtures on poles. Those have been available--and have been being swapped out at a decent clip for YEARS all across the globe.
I think nothing VPER has done in the past several years has made it seem legitimate.
What an amazing company.
Goo VPER
NASDAQ says it hit $7.8.
Tomorrow should be interesting. A bit of a drop won't surprise me, but neither will $9.
Both wrong.
Sell the company. Performance is abysmal. Marketing must be completely worthless. Sounds like they make products that would be in VERY high demand right now. So either their products don't work or they don't have the sales expertise. People on Etsy are doing bigger numbers than this company.
Take it private or sell it.
Please explain this:
No facilities?
$500 in revenue. Less than $800 in cash. Don't forget they still need to pay off all of the "accrued deficit" which is over 70 MILLION dollars.
What an amazing company.
Goo VPER
Why does Gr8seas have the same address as EcoTech?
What is the relationship between Global Services International and Green Sustainable Initiatives? What is the relationship between VPER and Green Sustainable Initiatives?
Post verifiable evidence that any sort of "solar panel array" has been installed by VPER anywhere. Post verifiable evidence that Cybergrab will be licensed anywhere in Q2.
Zero poles installed anywhere. Dilution of 200+%. AS going from 6 BILLION to 20 BILLION. 13 BILLION SHARES being sold for. 0002. Reverse split likely not long after that.
What an amazing company.
Goo VPER
Fact: VPER has not installed a single pole in Palos Hills.
Fact: VPER has not installed a single pole in The Village of Justice.
Fact: Revenue for 2022 was $20,089.
Fact: VPER is increasing AS from 6 BILLION to 20 BILLION.
Fact: VPER is selling 13 BILLION shares at .0002.
What an amazing company.
Goo VPER
Thank you for going to all of this effort!
(Why is that telephone pole in the 103rdandRoberts3.jpg image leaning so badly?)
Toledo Solar appears to be a reputable company and a supplier to VPER. VPER is their customer. Nothing more.
Install of the actual pole could be 24 hours or 24 months. The fact that VPER has never actually shown what the finished product looks like would be disconcerting to me if I were a shareholder. Who created the software? How is the data and access secured? Based on the past FIVE YEARS of them saying "we are installing poles!", you'd think they would be very ready to go to get this one in and functional in short order. Very possible they are waiting on the city or power or internet provider, but they should be able to say "by the end of May, June, etc."
What an amazing company.
Goo VPER
VPER's rise to .07 was effectively a pump and dump during the very brief "meme stock" craze. In 2018 VPER stated they were planning to have approximately 2,000 poles installed by 2022. It is 2023 and they have zero poles installed. It appears they may have broken ground to install a single pole in Palos Hills.
What an amazing company.
Goo vper
Thank you for the information!
Palos Hills pole could be up tomorrow or a month from now. Then how long will it be in a proof of concept phase? A week? Months?
Justice should know exactly where the poles are going by this point. If they don't, that is going to drag out that install even further than it already has been.
Or maybe it's just really hard to install something that doesn't exist.
What an amazing company.
Goo VPER
Yep, just buy back shares. Revenue is a joke and they need money, which is why they are currently diluting by over 200%. But go ahead and buy the shares back. Maybe no need to buy something that they can't sell in the first place. In that case, they will be into even more toxic financing shortly. If they do actually sell their 13 BILLION shares, I bet a reverse split is not too far behind. RS is way cheaper than attempting to buy back BILLIONS of shares. And if the preferreds are immune to the RS, that is an even bigger slap in the face to shareholders.
What an amazing company.
Goo VPER
Google maps goes years without updating pictures. It's logistically/financially impossible for them to update frequently. Hire a fiverr to go take pictures for you.
What an amazing company.
Goo VPER
Thank you for posting this! THIS is actual DD.
Would you please clarify "Scott" in the previous post.
Interesting that it's Global Services International and not Green Sustainable Initiatives. If I were a shareholder, this would make me feel better about VPER playing games using third party companies. That's providing that Global Services International is actually a VPER subsidiary. They did say it was acquired, but it is not mentioned on their financials.
I appreciate your time and efforts and hope that VPER pays off for you.
What an amazing company.
Goo VPER
Is this this best oil company or just a REALLY REALLY good oil company?
Just trying to get answers to legitimate questions from the "experts" on VPER who know absolutely all there is to know.
What an amazing company.
Goo VPER
I made no such claim. Stop deflecting and answer the questions I asked.
What an amazing company.
Goo VPER
No. I do know that VPER is not a reputable "smart city" company. They have not installed a single pole and have never produced any detailed information on their platform and how it works. They have listed some features, but have never actually shown a functional prototype outside of some pictures of a light or a housing. What does the UI look like? Is there a UI or is this designed to just work with third party management systems? Why does one take so long to install?
What is the relationship between VPER and Green Sustainable Initiatives? Is there a relationship between Green Sustainable Initiatives and Global Services International?
What an amazing company.
Goo VPER
I thought VPER was an international powerhouse? Middle east, Sri Lanka, Africa.
Bleeding edge smart "city" company that has taken almost 5 years to install ONE POLE.
Market sure seems to care. Maybe the dilution is the overriding factor to NOT buy the stock.
What an amazing company.
Goo VPER
This will help them move those 13 BILLION shares. May also get them through a reverse split.
This APPEARS to definitely be progress, but I'm still skeptical. I believe the location is correct, but that fiber could be being pulled for any number of reasons. While I believe it is likely for VPER's pole, I'm skeptical that any progress will be made. They announced they ordered that fiber connection YEARS ago. They have not posted anything showing a working product or user interface. Is there system just providing data to third party software package? How does it work? What SPECIFICALLY does it do? If they have a complete product, this pole should be up and functional in days. There is no reason the thing shouldn't be 100% ready to go. It will need to be mounted and plugged in, but that's it. The company has provided no timeline on completion aside from "2,000 poles by the end of 2022" or whatever they said. Now they don't even have one pole complete and their target date is the end of 2024.
And yes, just because there is physical fiber laying there, doesn't mean Comcast is going to be done with their portion right away. They can drag this out for a week or 5 with subcontractors to terminate the fiber, then get equipment there and everything tested. That buys VPER a little more time to claim delays that aren't their fault.
What an amazing company.
Goo VPER
Farid beat you to the pictures. It would be interesting to see if there is additional progress when you're over there, though.
What an amazing company.
Goo VPER
FINALLY we agree! A lot more dilution is definitely coming. I think it will be after a reverse split, but it could be before.
What an amazing company.
Goo VPER
It would take 130 of those to sell their 13 billion shares.
It is going to take a heck of a lot more than that to get the pps above a penny. 20 billion shares at a penny gives them a market cap of $200 million. I don't think their paltry revenue justifies that. They can't install a SINGLE POLE. Prospects for a penny are grim. Prospects for a reverse split are many.
What an amazing company.
Goo VPER
Company is currently trying to sell 13 BILLION shares at .0002. See the SEC filing for proof of that. Stands to reason that they will have to sell those shares at .0001 when they can't sell them all at .0002. In their past (failed) attempts to sell shares, they required a purchase of at least 1 million shares. That is the only reason I believe the market is holding the price up--people buying smaller quantities. I believe that as the shares are purchased at .0002, they will be dumped on the open market. With 20 BILLION shares outstanding and paltry revenue, the share price will eventually settle to .0001, then the company will reverse split at 100:1, 200:1, or 1,000:1.
They still have not installed a SINGLE pole! Why?
What an amazing company.
Goo VPER
103 & Roberts Rd. Palos Hills
Anyone claiming to believe in this company and have actual money invested should have their research compiled and readily accessible.
"This is the base to our smart poles, the first will be installed on 103 & Roberts Rd. Palos Hills. $VPER"
10:32 AM · Jul 18, 2022
9 months from that tweet and nothing has happened.
May 23, 2018 Farid Shouekani posted:
"Viper Networks and GSI product to be installed in IL and MI." Neary FIVE YEARS ago and nothing has happened.
What an amazing company.
Goo VPER
Thanks for taking the time out of your trip to get some pictures. I don't believe InvestorsHub allows you to post pictures directly on their system. You'll need to post them on a site like imgbb or imgur, then link to them in your InvestorsHub post.
As an example, I clicked the "Image" link to the left of the box where you create your post, then in between the [ img] and [ /img] tags, I pasted the link to VPER's logo on their website which is just an image file. That link is https://www.vipernetworks.com/wp-content/uploads/2021/11/cropped-Viper-Networks-logo-for-web-01-350x114.png, so the actual line looks like <img]https://www.vipernetworks.com/wp-content/uploads/2021/11/cropped-Viper-Networks-logo-for-web-01-350x114.png[/img> except with square brackets [ ] at the beginning and end rather than the angle brackets.
What an amazing company.
Goo VPER
Don't invest in VPER. They have said they were installing poles in 2018 and have still not installed a single one.
They are currently diluting by over 200%. Going from 6 BILLION AS to 20 BILLION AS.
Price is only going down.
What an amazing company.
Goo VPER
Why would anyone buy at .0005 when they can buy at. 0002? Company is selling 13 BILLION shares at. 0002.
What an amazing company.
Good VPER
I have no problem with people making money or trying to make money on flipping/trading/investing in anything. I do have a problem with people making things up and posting them as alleged truth.
VPER has had several periods of time over the years where it was easily flippable. Obviously the best run was when the meme stock phenomenon hit. That was more than likely a one time occurrence. With the latest round of dilution, I just don't see it running significantly at all. Flipping for a tick in trips isn't a bad thing, but I'm just not going to take the time to do that. I would think anyone currently interested in flipping it would be buying the offering at .0002 instead of on the open market right now. I think anyone with an average of .0007 or higher is going to have to aggressively flip or they are just going to be taken out when the company reverse splits.
What an amazing company.
Goo VPER