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Precedent has been set that Sri Lanka PR's may not pan out. Where are the millions that were PR'd in 2014? This is the type of thing people are cautious about when PR's reference things other than signed contracts. I continue holding a nice chunk of shares and hope for the big pop but reality is that it might take another 20 years.
https://www.globenewswire.com/news-release/2014/01/29/605456/19785/en/Viper-Networks-and-Apollo-Metro-Receive-Initial-Letter-of-Intent-to-Provide-State-of-the-Art-Lighting-Solutions-for-Sri-Lankan-Ministry-of-Highways-Ports-and-Shipping.html
Income is from forgiveness of debt. They managed total of $4,353 in actual revenue during the period.
Looking alot like last week. Big close Thursday followed by down Friday. In fact.... alot like the last 20 years of BS. Still holding a nice chunk of shares hoping for the big breakout but following this board mostly for daily humor.
Connections to VPER's CyberGrab app or did Farid just copy the name?
https://www.zerohedge.com/markets/southeast-asian-grab-going-public-spac-deal-valuing-it-40-billion
https://www.globenewswire.com/news-release/2021/02/16/2176282/0/en/Viper-Networks-Developing-CyberGrab-App-to-Expand-Value-Added-Services.html
VPER mention in this article this morning from Investorplace. Visibility definitely growing.
https://investorplace-com.cdn.ampproject.org/v/s/investorplace.com/2021/02/10-penny-stocks-you-can-have-less-than-dime/amp/?amp_js_v=a6&_gsa=1&usqp=mq331AQFKAGwASA%3D#aoh=16131311413082&csi=0&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s&share=https%3A%2F%2Finvestorplace.com%2F2021%2F02%2F10-penny-stocks-you-can-have-less-than-dime%2F
Holding a few but mostly cashed-out here after 20 years of bs. Sure wish i hadnt sold 8M at .005 to pay for new floors in a rental but yesterday paid off two rental properties so cant complain.
For sure curious to see what the financials will look like.
Not yet totally convinced this company will actually have real products and real profits.
Why do you lie? Most of their PRs have not come true but to say nothing has happened is blatantly false and misleading. Collier County has happened... http://www.naplesnews.com/news/collier-county-extends-testing-of-apollo-metro-sol
I also personally called Apollo last year to verify their relationship. I also called the guy with a small business complex (I think in Texas) that was one of the first LED PRs from maybe three years ago; he was also a very satisfied customer.
Even that calling card many years ago was real. You could purchase it via internet if you wanted to.
Please stop the lies. Thank you.
Sir Lanka port building progress / restart is in the news: http://www.economist.com/news/asia/21646757-islands-largest-infrastructure-project-governments-first-big-test-storm-port
Longvper I also am looking to add. Waiting for deposit to clear to buy.
Update on $20-25M financing was supposed to be two months from June 12, 2014 when this was published (still available on company website)....
http://finance.yahoo.com/news/viper-networks-receives-led-light-121800053.html
"Regarding the $20 million and $25 million term sheets to help finance the Company's larger scale LED lamp orders for Sri Lanka's streets and highways, management notes that the process is working its way through the system and that final government approval or not is projected to happen within the next two months."
2.2B shares with $20M Rev = .009 so round to a penny. You can put a multiple of 10 on that (if you believe in that sort of thing) and get .10 value. Of course that is just the current sri Lanka deal and not collier county, Qatar, mas-tec(?), and other possible middle east countries.
OS has been 2.2B much longer than 2 quarters....more like two years if you go back and look at the files on pinksheets rather than just looking at agenda-driven postings in the info box of this board. However, I don't doubt they are diluting into this run and the OS will be +3B by July. A nice end of quarter shareholder letter to confirm that OS remains at 2.2B would be nice to see.
Thanks Grego....those links bring such warm memories of hope and change! I'm not arguing with you that they do not have a poor track record; they do. I just honestly think this time is different, and I will be the first to tell you I cannot find mention of them on any Sri Lanka website, which I have been trying to do about every 3-4 months for a while now. done posting for now. I'll post again in a year or so or when I cash-out.
The BSNL calling card was a real deal that had a real product. The various significant issues dealing with telecomms in the Indian government was probably what killed that card.
They have PRd that they have significant dealings...of course, you know as well as I do (and are much more vocal about) their track record for PR follow-ups.
However, to say they have nothing to do with Sri Lanka is wrong according to their website http://www.vipernetworks.com/about-us/ where their VP for Intl Projects Gamini Ranasinghe is/was on the Board of Directors of the Sri Lanka Bureau of Foreign Employment. I was wrong about this in my previous post.
*************************
Check his linkedin page(s) at http://www.linkedin.com/vsearch/f?type=all&keywords=Gamini+Ranasinghe&orig=GLHD&rsid=&pageKey=member-home
Here is a copy/paste from http://www.vipernetworks.com/about-us/
Gamini Ranasinghe
VP for Intl Projects
Endowed with authority and responsibility through over twenty years of converting ideas into action, Mr. Gamini. A. Ranasinghe, is a very capable businessman. He has a humanitarian spirit and is genial, meets his customers with an open mind, and, is a gracious host. Mr Ranasinghe is a businessman of courage and sincerity. He also has wide political experience. With incisive scrutiny, he has taken many targeted actions and has been able to drive growth in the fields of aviation, tourism, travel, employment, plantations, education construction and telecommunications. 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.
His business and organization abilities in the field of passenger and cargo air transport between Sri Lanka, the Middle East and world destinations, spans over twenty years. At present Mr. Ranasinghe is engaged with the world’s largest cargo carrier, operated by RIAL AVIATION (PVT) LTD., head-office in Sharjah, U.A.E.
In the import-export trade he has successfully cashed in on emerging opportunities, also in the tea plantation sector. Mr. Ranasinghe has entered the telecommunications industry in Sri Lanka and is an EGO licence holder (VOIP). Mr. Ranasinghe is also currently an S.D.S. member of Sri Lanka’s foremost Girls’ School, Visakha Vidyalaya in Colombo, where he is contributing his dynamism and wealth of experience.
Being the Vice President for International Projects on Viper Networks Inc. with head office in the U.S.A. branch offices worldwide, and construction office located in Saudi Arabia covering the entire Middle East region, Mr. Gamini Ranasinghe is diverting large construction projects to the Engineering Corporation under the Sri Lanka Government Ministry of Construction and Engineering Services, to promote Sri Lank
PR dated 10/31/2012 outlines $100M + deals, as longvper recently reminded us. Most recent PR mentions the $20-30M.
PR 11/13/2012 reminds us that somebody gave them $50,000. Someone out there in the middle east likes them.
Can't find the PR but a former Viper leader of some sort is now a high-up dude in Sri Lanka gov.
Things change and these PRs may no longer be valid, but it builds a picture for the folks new to VPER that there is more here than marijuana.
$100M contract for streetlights across the Sri Lanka country and in the big port = .045/share of 2.2B OS shares. 50% margin is then .0225/share straight valuation not including future revenues other biz like marijuana growblights.
Marijuana stocks are big. Ports are bigger money though. Big Banks in the east are ready to finance port developments, and environmental/Green aspects are critical. This article is from Aug 2012 when the Sri Lanka opportunities began. http://www.portstrategy.com/news101/administration/finance-and-investment/investment/taking-the-bull-by-the-horns2
Port expansion info from Sri Lanka gov at http://www.slpa.lk/colombo_south_harbour.asp%3Fchk%3D4&cd=1&ved=0CCcQFjAA&usg=AFQjCNH7--zEiPIS4i5gwgXLp9NWdnVqdA&sig2=bRQmCEZX3TzHLfs3rVNrBw
The calling card in India was indeed for sale for a while.
Thanks for the reminder.
Honestly, Smakdaddy's post gave me the first real honest smile and chuckle I've had related to this stock in over 9 years or so. I always ask myself what brings me back to this board almost daily. Thanks to smakdaddy and grego, I realized I have seen so many people come and go. And occassionally an old timer who's been here from the start will chime in. Well, at least I am getting something positive out if this POS, which simply means I am in the "acceptance" phase of my loss. What fun.
My optimistic thinking is much like this, although the pessimist in me just wants to break even. I am also toying with the idea of adding to my position but just cant get past the history I've seen. There are just enough good things to keep me hanging on for payday.
$1 per share with 2 Billion Shares!?!?!?
A few years ago VPER hired a top ATT international sales executive, and nothing happened except a short rally followed by lower lows. Nothing new here.
That might be why Farid has no endorsements of skills listed on linked in.
The first talk of audited financials was actually probably back in 2005 or 2006. No worries....they'll be out "soon." :)
Ok sure! Isnt that what he told you a couple weeks ago? Just sayin'.
It wil be out "soon" followed directly by millions and even billions in revenue with all the great deals, details to be published in an update within a few weeks. /sarc
Small stuff when you have 2 billion shares outstanding. But its a start and can lead to a mono run which is all I'm looking for.
I'm a fan of your sarcasm but need to set you straight here. VPER has had several quarters with revenues of +1M.
Thanks a bunch. That could be a big deal if true. Nothing ever solid in a PR from these guys. Getting very tired waiting but don't want to get out right before the big move that I've been waiting for for far too long.
Please provide link to what you're reading. That line is NOT in the PR available here on ihub. Thanks!
Best post in a long time. Truth hurts.
Same ol same ol.
AMTR L2 showing one share available for 408! Too funny.
And yet the company description on every financial site still refers to VOIP. How hard can it be to change this? They've had more than a year. SSDD.
Baaed on what?
Sorry if you took that as a negative comment to you. Wasn't meant that way. It was a dig on the company terrible investor relations in terms of publishing information in a forthright, honest, timely manner.