The "$20,000,000" is coming directly from dilution, so that just means that any shares you own, will be worth less (and potentially worthless because VPER has had no profit in years). The only reason their assets grew this quarter was because of accounting. You're telling me that they had no computers or machinery and equipment last quarter AFTER they had acquired EcoTech? And go ahead and be thrilled about $18,695 in Q2 revenue. If I was a shareholder, I wouldn't be.
$20,080 in revenue so far for 2022 and 16 BILLION shares soon to be outstanding. I'm amazed Warren Buffett doesn't own VPER. That number of shares virtually guarantees a reverse split.
Please define "tester poles". The company has never said "tester pole".
And the "$20,000,000" financing isn't going to be close to $20,000,000. The company effectively said "we're selling 10 BILLION shares for whatever we can get for them." and they lay out the scenarios for whether they get .002 or .0005 (even THEY are expecting trips). And they won't be "closing" it for months. They need to sell 10 BILLION shares. What has the total volume been since they announced the dilution? Not even close to one billion, let alone 10, so "closing" is going to be well down the road.
Also, it is VERY misleading to say "$20,000,000 financing for its Smart Cities solar powered street lights". Their filing stipulates that only 50% of the cash raise would be for "Smart Cities Project". Of course, the filing also says that they can spend the money on whatever they want.
I do more or less agree with your statement "And yet Viper continues on growing its business model." They have gone from telecommunications, to LEDs, to "smart lights", to Cybergrab, to whitelabel videoconferencing, to something to do with crypto, to some sort of electrical distribution business. They have definitely grown their business model. What they haven't grown is revenue. Go ahead and talk up that AMAZING $18,695 for Q2. They increased operating expenses by over $90,000 in Q2 over Q1. That ate up that $18,695 and then some.
I suppose if someone keeps saying "news tomorrow!", they will eventually be correct. Considering the fact that they have announced they are installing A SINGLE POLE in Palos Hills, I don't think they are going to say much about that particular area for quite some time.
What an amazing company.
Goo VPER
