Here is the information I have. I have been following VPER for a number of years.
Their AS went from 6 BILLION to 20 BILLION. I don't know why this is not reflected on the financials. It was filed with the SEC, along with their intent to sell 13 BILLION shares at .0002. Company has not addressed this since. Website of the secretary of state where the company is registered shows AS at 20 BILLION.
VPER announced the 21 cities project over 5 years ago. In 2023, they announced they were installing a single pole in Palos Hills as part of this project as a test/demo/proof of concept. That pole is still NOT INSTALLED. Palos Hills has stated they are installing a new streetlight at a different location in the city. It will not be VPER product.
VPER seems to jump from hot trend to hot trend. A few years ago, they were big into VoIP. Then LEDs. Then grow lights for cannabis. Then smartlights. Then smart cities. Then solar power even though it has been around for 100 years. Then crypto mining. Then some sort of wind turbine. Oh, and the ride hailing app that became an everything app that is currently not functional or licensed to do business anywhere. And now they have an additional ride hailing app that also isn't functional or licensed to do business. I also believe they will get sued if they try to do business under the name LIMOMATRIX. Which is probably not a bad thing since the name is stupid as hell.
They aren't innovating. They have no engineering/development employees and no real intellectual property. They can't afford the back end infrastructure to run their apps. For their hardware, I would say they are just putting together components from other manufacturers, which is completely fine (and common), except they have never shown a finished product. Some drawings, some pictures of old installs that VPER definitely didn't get paid for (I'm guessing a partner did), but no new products, no smart cities interface, and only a few screenshots of their apps.
If their OS is 20 BILLION, the share price simply won't move without multiple billion share days. Even at 6 BILLION, it took a meme to move it two years ago.
They reported $55 in cash, $72+ million in debt. Revenue last quarter was $30,100. For the first 9 months it is $30,600. So a whopping $500 for Q1 AND Q2. Income from EcoTech was $0 in Q3. EcoTech was supposed to be doing $1.5 million per year. Evidently it has not had a good year and is not profitable.
Their PRs are very vague and provide no detail or information about the partnerships they are always talking about.
I'm sure I'm leaving something out, but unless it gets memed again, the company is definitely not providing any reason for the pps to be over .0001. I'm still shocked that it isn't there yet. I do believe it will, but they may reverse split prior to that. If VPER does reverse split, I believe the preferred shares will be immune. Do the math on that.
Apollo Smart Lights. Apollo Metro Solutions. Apollo International. Global Services International. Green Sustainable Initiatives. Global Sustainable Initiatives. Not a ton of concrete information about those entities in relation to VPER. Partners? Acquisitions?
Good luck to you. I hope all VPER longs make a bunch of money, I just don't see it happening based on the company itself.
What an amazing company.
Goo VPER
AI
