VIPR Industries Inc (fka VIPR)

[Polaris1]

BULLDOG - I have been on the sidelines with VIPR for quite a while now. I think it's important to get the facts straight, particularly so that people know what to expect with the coming financials.

The 5 Form D filings all relate to the SAME 504 offering. There is ONLY one 504 filing (by federal law this is all VIPR may offer under the exemption!)

Under the statue a 504 offering is LIMITED to only 1,000,000 in a calendar year. If VIPR wanted to offer more than that it would need to file a 505 offering which offers an exemption up to 5,000,000.

You will note that all of the filings specifically identify themselves as 504. So, What are they? They are UPDATES filed by VIPR each time a new "accredited investor" purchased securities. Thus, we know that out of the 1,000,000 raised only 3 "accredited investors" were involved in the 504, totaling a fairly small percentage of the total purchase of securities.

If you have questions about a 504, 505, or 506 please look here:
http://www.sec.gov/info/smallbus/qasbsec.htm