I remember hearing that they gave up on green key awhile back due to difficulty working with the government. They were dragging their feet on getting approval. I think it was Singapore but can't remember for sure.
Based upon Viper's projections, I look to the following statement where for 2009, they came in about half. If they did $25 million in 2010, I would be happy. That's also a number that might entice the owners of the office building to accept the terms. Lack of information on if they closed on the deal for so long is not good.
Even if they didn't, I would not be too concerned. Leasing would provide a better financial picture.
If they did $25 million in 2010, I could see better progress to forecast in 2011 as they ramp up sales with BSNL.
Viper Networks, Inc. has projected that its interest in this Joint Venture will earn revenue of $15,000,000 for 2009, growing to over $50,000,000 for fiscal 2010. Viper will generate revenues through network operations and technical management fees, as well as an equity ownership stake.
I checked again the website http://www.vipernetworks.co.za/ and now it is showing "Soon to be the new home of..." www.viperholdings.com. Is this related to our Viper Networks?