Viper Networks Inc (VPER)

[StocksFox]

Company sucks. Doesn't mean you can't make money on the stock, but the company has gone nowhere and is going nowhere. As far as I can tell there isn't actually much of a company here. CEO may be "general manager" or CEO. Same person works for the majority of their partner companies. Partner companies seem to be the only ones doing anything and how those partners affect VPER shareholders is completely unknown. They MIGHT own part of Apollo Metro Solutions (not Apollo Smart Lights. That is a different partner), but there is no evidence in their financials that I can find. They committed to buy GSI for 500 million shares plus $10 million over three years. That was a year ago. The 500 million shares were issued, but they haven't paid any cash. Their revenue was actually negative the last quarter according to their financials. GSI was a 100% acquisition with $100 million in "projects" annually. You would think some of that money would be showing up in VPER financials. They still do carry $500,000 in telecom equipment that apparently hasn't been used in years and somehow never depreciates.
They tried to get in on the marijuana craze a few years ago. They were actually too early on that. Nothing happened. They tried to get in on crypto/blockchain last year. They were WAY too late on that and it has gone nowhere.
I just noticed that their "headquarters" moved. It is now in a "virtual" office space. What an amazing company!
Again, there is the potential to make money on almost any stock, including VPER, but as a company, I don't see anything happening.
Goo VPER

Excellent post, thank you.