Replies to post #53483 on Viper Networks Inc (VPER)

[chainma1l]

Dilution and reverse split. I believe the preferred shares will be immune to a reverse split and they currently have nearly 3 billion shares worth of the preferred B shares outstanding.
I find it interesting that Cybergrab has apparently been up and running for over a year, but part of the proceeds of this dilution are for "Cybergrab Software Launch".
No proceeds to be used for their amazing crypto mining operation or their amazing solar products. Of course, they reserve the right to do whatever they want with the proceeds.
They are not getting .002/share for the 10 billion shares. I don't believe they will get more than .001/share. They know they aren't getting .002, so they intentionally "asked for" $20,000,000, knowing they weren't going to come close to that. And all this does is increase the likelihood of a reverse split and everybody knows it.

Subsidiaries

None.

Plan of Operations

Viper Networks, Inc., a Nevada corporation, in partnership with Apollo Metro, is a manufacturer and distributor of highly efficient LED lighting to provide superior turnkey LED lighting solutions for metropolitan areas (streets and highways), parking lots and warehousing facilities anywhere. By combining LED Lighting, Wireless MESH, Sensors, Infrared and Video into a single design; Apollo Metro Solutions’ proprietary line of wireless products can be applied to existing infrastructure through streamlined system integration for a full selection of intelligent LED lighting solutions worldwide.

Viper Networks also provides telecom engineering services for planning, network expansion and managed services to telecommunication service providers of various telecom networks in the U.S., Middle East and Northern Africa with top tier expertise in wireless communications.

Isn't EcoTech a subsidiary? There is a mention of Apollo Metro Solutions, but nothing about Apollo Smart Lights. Apparently their "telecom engineering" doesn't do much since their revenue is next to non-existent.

As of the date of this Offering Circular, the Company has 25 employees, including its officers, of which 10 are full time. There is no collective agreement between the Company and its employees. The employment relationship between employees and the Company are individual and standard for the industry.

10 full time employees and 15 part time employees. The small amount of money this dilution is going to bring in isn't going to pay that many people for very long. Between Farid and the other director, that's $294,000/yr.
I think we are going to see a lot of big volume days as the price slides even further.
What an amazing company.
Goo VPER

[portfoliomaster]

he lost his ass and doesn't know what he's talking about or how the market works, hence all these bogus claims with no support and left holding a heavy bag