VIPR Industries Inc (fka VIPR)

[BYUofU]

I guess I am one of the 59 idiots still holding this stock...

https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=103823


As at: December 31,2012 The Total Authorized is: 11,000,000,000
As at December 31,2012 The Float Was: 2,200,000
As at December 31,2012 The Total Shares Outstanding was: 62,200,000
Number of Shareholders of record: 59


Below are a couple of "lowlights" from the yearly report:

On November 21, 2012 VIPR Closed on the acquisition of a graphite property located in the Central
Gneiss Belt of the Grenville Province in the Canadian Shield, Ontario, Canada
for 35,000,000 restricted
common shares.

In December of 2008, the Company entered into an agreement for the purchase of up to 50% ownership
in the Mwamagunguli Diamond property, located in Tanzania for the issuance of 500,000 shares of
common stock fairly valued by both parties at $10,000. It was the Company’s intention to
purchase its full or partial ownership position in the property. The agreement
called for the Company to acquire a 50% ownership in the property for $200,000.00 USD. If the
Company delivered $100,000 towards Mwamagunguli, it would have acquired a 25% ownership in the
property. Based on the economic conditions at that time, the Company made the decision to revise its offer
to increase its position in the property. The revised offer was refused by

The company requires funding over the next twelve months and is actively pursuing financing. In order to
complete our planned work program on the Singida Gold Concessions, the Company will need to raise
additional funds through the sale of additional equity securities. Due to the Company’s data and close
proximity to economical reserves, the Company anticipates closing on available financing, however, there
are no assurances that a financing, acceptable to the company, will be achieved.

The company has ceased all proposed financings via 504 Regulation “D” type offerings. There is no
assurance the company will be able to raise any or all of the additional funds required to finance the
expansion of its business either in this or any other period. Any successful financings will dilute its
shareholders which may result in a depreciation of the companies stock price.

Management’s Discussion and Analysis of Financial Condition and Results of Operations.
Risk Factors
Shares of VIPR INDUSTRIES are subject to a number of risk factors. The following are representative
of those risks. Such summary is not intended to be exhaustive of risks that are or may become
relevant:
The common stock is currently liquid and highly speculative. Investment therein involves a high
risk of loss of an investor's entire investment in the Company. Each prospective investor is urged
to carefully review the risk factors discussed below and to discuss with management the nature
and extent of risks inherent in the Company's proposed business in determining whether to invest
in the Company.
Risks Related to Our Business
Our operating results are difficult to predict and fluctuations in them may cause volatility
in the price of our shares.
The Company’s business is subject to a variety of risks and uncertainties and other factors that could cause
actual events or results to differ materially from those projected in the forward-looking statements. Such
factors include, but are not limited to, risks involved in the exploration and development of mineral
properties; the uncertainties involved in interpreting drilling and other exploration results; fluctuating
commodity prices and exchange rates; the possibility of project cost overruns or unanticipated costs and
expenses; the need to obtain additional financing and uncertainty as to the availability and terms of future
financing; environmental risks and hazards; and other risks and uncertainties. The Company undertakes
no obligation to update forward-looking statements if circumstances or management's estimates or
opinions should change. The reader is cautioned not to place undue reliance on forward-looking
statements.
RISK FACTORS
Investors should carefully consider the risks described below before making an investment decision. The
risks and uncertainties described below are not the only ones facing the Company. Additional risks and
uncertainties not presently known to us or that we currently deem immaterial may also impair our business
operations. If any of the following risks actually occur, our business could be materially adversely affected.
In such case, the Company may not be able to proceed with its planned operations and your investment
may be lost entirely. The Securities offered hereby should only be purchased by persons who can afford to
lose their entire investment without adversely affecting their standard of living or financial security.
BUSINESS RISKS
Possible Loss of Entire Investment
Prospective investors should be aware that if the Company is not successful in its endeavors, their entire
investment in the Company could become worthless. Even if the Company is successful, there can be no
assurances that investors will derive a profit from their investment.
We have a history of losses. Losses will likely continue in the future.
We have incurred significant losses in the past and will likely continue to incur losses unless our
exploratory drilling program proves successful. Even if our drilling program identifies gold or other
mineral reserves, there can be no assurance that we will be able to commercially exploit these resources or
generate sufficient revenues to operate profitably.
There are no confirmed mineral deposits on any properties which we may derive any financial
benefit.