Viper Networks Inc (PK) (VPER) News

Correct. My assumption is that the Sri Lanka project revenue was recognized in Q2 and Q3. But even if you say it was Q1-Q3, how big could that "major" order have been? A few hundred lights?
Regardless of that major letdown for anyone unfortunate enough to own shares and/or believe that VPER was going to do something substantial, something is definitely up with their latest "acquisition". The current CEO of VPER prepared the Q3 financials. It's interesting that the company stated they made the acquisition by giving shares of HMMR to HMMR. They failed to mention that they had acquired those shares of HMMR by giving HMMR 550,000 preferreds. I'm curious as to why they went that route instead of just saying "we acquired the entities by issuing HMMR 550,000 preferreds". Of course, there is the debt that the acquisition brings that is being addressed with more preferreds.
And why bother converting all of the A preferreds? Is it just something they could clean up easily to make things go smoother in the future? Why did Farid convert his B preferreds to common instead of just issuing commons for the "notes payable"? To me, that reinforces my belief that the preferreds will be immune to a reverse split.
"Other corporate actions inclusive of a name change". What other corporate actions aside from the name change? Or is that legal speak for whatever "corporate actions" occurred ended up just being a name change? What name is getting changed? Viper? 1stPoint? EndStream? American Networks? Shelcomm?

From the most recent financials:
"On August 7, 2024, the Company entered into a Share Exchange Agreement with Erik B. Levitt, and Andera Capital. Under the terms of the Share Exchange Agreement the company exchanged 550,000 shares of Series B preferred stock for the 2.5 million shares of HMMR common stock. The company agreed to convert all outstanding Series A preferred stock into common stock, and convert 6,289,422 million shares of Series B preferred stock into common stock. Farid Shouekani agreed to convert outstanding notes payable into Series B preferred stock. Erik Levitt and three related parties agreed to convert their existing notes payable held by Endstream Communications and 1stPoint Communications into Series B preferred stock. The Company also agreed to other corporate actions inclusive of a name change.
The Company closed the acquisition of Endstream Communications and 1stPoint Communications on November 1, 2024, and the acquisition of American Network Inc. is final approval under the FCC streamlined approval process. The Company will recognize revenues from these newly acquired subsidiaries beginning November 1, 2024. Revenues from these subsidiaries were not reflected in the current period.
On November 1, 2024 the Company appointed Erik B. Levitt as the Chief Executive Officer and appointed Mr. Levitt to the Board of Directors. On the same date the Company appointed Kristen Vasicek as the Chief Administrative Officer and appointed Ms. Vasicek as the Secretary of the Board of Directors. Ms. Vasicek will continue in her role as Chief Operating Officer of 1stPoint Communications and Endstream Communications, and a Director of 1stPoint’s Caribbean subsidiaries. Farid Shouekani remains the Company’s Chairman and President. Both Mr. Levitt and Mr. Shouekani will be active in the Company’s day-to-day operations of both the telecommunications business practice as well as the smart city and energy business practices. The staff of 1stPoint Communications, LLC will immediately assume all operations of the Company including financial accounting bringing most functions in-house.
On September 12, 2024, the Company engaged Boladale Lawal & Co to perform an audit of the Company’s financial statements and the consolidated financial statements of Endstream Communications and 1stPoint Communications and its subsidiaries, with the intention of achieving reporting with the Securities and Exchange Commission and as required by 17 CFR 210 Regulation S-X."

From marketscreener.com:
"November 01, 2024
Viper Networks, Inc. (OTCPK:VPER) agreed to acquire Endstream Communications, LLC, 1stpoint Communications, LLC, Shelcomm Inc., American Networks Inc., and 10% ownership in Wikibuli Inc. from Hammer Fiber Optics Holdings Corp (OTCPK:HMMR) for $750 on August 7, 2024. Viper is acquiring these assets in exchange for 2,500,000 shares of the Company's common stock. The transaction is subject to approval by regulatory board and other customary closing conditions, including, subject to certain materiality exceptions, the accuracy of each party's representations and warranties and each party's compliance with its obligations and covenants under the Purchase Agreement. Subject to the satisfaction or waiver of the foregoing conditions and the other terms and conditions contained in the Purchase Agreement, the transaction is expected to close by end of calendar year 2024. As of September 30, 2024, Viper Networks has applied for the necessary regulatory approvals from the Federal Communications Commission and various state authorities for the acquisition of the telecommunications assets of Hammer Fiber Optics Holdings Corp.
The regulatory, Federal Communications Commission approved the transaction on October 28, 2024, and the transaction effective November 1, 2024."

What an amazing company.
Goo VPER

We joked about the picture of "empty" boxes sent to Sri Lanka. Well with 117K of revenue for the year to date (quarterly report) I don't think we were too far off. There just couldn't have been much value in those boxes. And what about follow-up contracts? Another VPER disappointment. As of report, about 6.5B shares outstanding. Gee what is 117K divided by 6.5B?

I am who I am. I can give reasons to support who I am as well as identify the aspects that would be beneficial if I change. I feel I am a decent trader although I’m currently broke basically. I used to be ashamed of my situation but now I realize it’s only temporary. Life has been tough. I could have given up a thousand times already. But….. that’s not my story…. I will make sure of it. Enjoy your weekend Friend.

Thanks lol… It’s all depends on time and money I would say. It’s obvious they have things in the works. I guess it’s somewhat natural to flip up some freebies for a run that comes down the road. Most would welcome T2’s as they would just average down. Well I personally do not have the luxury of time or money. I have what I have which is very little. It’s a different mental game at rock bottom. Maybe that provides a little understanding of my cautious interpretations

Well HoldEm777 if it makes you feel better. Even though I’m in this trade because of you. I won’t hold it against you if I eventually end up selling at a loss lol. I think your intentions are good and your heart is in the right place. Fingers crossed

Low volume. That would look obvious. Huge demand on T3 but minimal slaps on T4. You want a prop to not look like a prop. If that’s indeed what it is. In this case I couldn’t say for sure. But it looks that way to me at the moment. I will apologize for my views. I know they are seen as negative. Everytime I try to have a positive outlook on a stock my ass get scorched…..

"But it’s trading like someone is slowly flipping T2’s"


If that is truly the case I would think they would move some of the millions of .0002 bids designed as a prop up a notch to .0003. The .0003 bids are clearly in no danger of being took out. And a 100 MILLION .0003 bid would surely change the bid sitter mind set that the T4's will always be there for the taking. Nothing really to add or say for now. But if things start to living up I'll be here to chime in lol. Good luck with whatever decision you make.

I’m not trying to persuade anyone. Just giving my opinion. You could not sell T4’s with any other bid/ask ratio. It has good aspects indeed. But it’s trading like someone is slowly flipping T2’s

.0003's BIDS out number the .0004's ASK by a 3 to 1 ratio. That has been the trend pretty much since Monday. Eighty percent (80%) of the last two weeks volume has come by the way of shares being bought on the ASK at .0004. I don't see the sell side conviction at .0003 that it would take to breach the .0003 BIDS. Even if that unlikely scenario did occur. The shares that could be possible netted on the .0002 BID would be minimal. https://ih.advfn.com/stock-market/USOTC/viper-networks-pk-VPER/historical I'm not here to encourage or sway anyone to BUY or SELL VPER. I'm just observing the trading action and making observations based on what I see that can be validated by the trade data. I'm in the camp which believes any real volume will come more from a upside move than a downside move. At least that's been the trend I've witnessed since I started paying attention to VPER. I'm only here because you brought it to my attention. Just keeping it real. Not here to mislead or misrepresent. Just sharing data.....but not sharing my .0004 buys with the .0003 bidders.....

If it’s trader driven then they will push it down to load. Which means eating red 50% as they will want T2. No one pushes anything with a equal deck usually.

In reference to what specifically?
But probably should if we have to depend on what you said.

Haven’t sold yet. But probably should if we have to depend on what you said.

So your saying you bought T4's that you sold for .0003?

Buying T4’s

Not sure I'm following you HoldEm777. Would you be as so kind to elaborate? Call what a mistake?


I will take T3 and call it a mistake

The events of August 7 should have been included as "subsequent events" on the Q2 filing. All three of VPER's Q2 submissions happened after August 7.
Series A conversion will add 681,760,000 common shares. The series B will add 1,257,884,400 common shares. That leaves 11 million series B shares, but some amount of the available 9 million shares will be issued for Endstream and 1stPoint notes payable.
It SOUNDS like the name change is VPER, but it could be any of the companies involved I guess.
Getting compliant with SEC. Again, seems like a reverse merger to me, but I may be way off base. Series A preferreds are gone, so that cleans up that little bit of extra shares. Would series B be immune to a reverse split or, if there was a reverse split, do all of those get converted to common (between 2.2 billion and 4 billion) beforehand?


What an amazing company.
Goo VPER

If that’s what we are depending on then stick a fork in it now. I will take T3 and call it a mistake

It was almost single digits when I mentioned it. If it drops to .0002 everything I once thought is invalid. jmho

The 23 MILLION on the .0003 BID appears to be pretty reliable. Then there's that 136 MILLION on the .0002 BID. The 7 MILLION sitting on the.0004 ASK is nothing. A 4000.00 MARKET BUY would print some .0005's filling the order as L2 stands right now. This ticker is just missing one thing and that is trader enthusiasm. It has moved up and held pretty steady with nothing obvious justifying the support for the move. But the support is currently there none the less. More than anything VPER is a chart play at the moment. So I hope the powers to be here continue on driving us northward. I for one would certainly be grateful.....

February 6,2024
New Issuance 110,000,000 Common Shares
$0.00025 Cede & Co. Investment Unrestricted Exemption

February 8,2024
New Issuance 160,000,000 Common Shares
$0.00025 Cede & Co. Investment Unrestricted Exemption

T3 bid says they want to drop it.

$117, 269. Sri Lanka is certainly lucrative! Weren't they supposed to be doing like $10 million per quarter or something by now because of advertising and some other amazing things their smartpoles would do?
What an amazing company.
Goo VPER

Everything wireless, baby! Even the smartpoles! This is going to be so epic! I'm sure that Cybergrab launch in Antigua and local partner in US has been amazing. And the immediate project in Saudi Arabia. And of course, the COMPLETED project in Sri Lanka. They also have "fintech" and we all know how huge that is. Of course, VPER's "fintech" is Cybergrab, which is a delivery and taxi service, so what THAT means is VPER IS REDEFINING FINTECH! Isn't THAT amazing. USA Doc on call which isn't their product, but they provide a link to it, is probably amazing. And "next gen platforms" with dead links on the website! Wow! This is going to be epic! New CEO and Chief Administrative Officer! All companies that do a few thousand dollars a year in revenue have a Chief Administrative Officer.
"Viper completed its first such project earlier this year in Sri Lanka". What that means is either all of that revenue was already reported in Q2 or it will be reported in Q3. I suppose it's possible the project could have completed in October, but to me, "earlier this year" means longer ago than last month or they should have said "last month". So all of the loyal and intelligent VPER longs will see what Sri Lanka projects are all about. Keep in mind, they have PRed about Sri Lanka projects for YEARS and have never posted significant revenue.
What an amazing company.
Goo VPER

Wen "smartpole?"

I’m with you.

VPER.....less than 250,000 have been bought for less than .0004 today https://ih.advfn.com/stock-market/USOTC/viper-networks-pk-VPER/trades

.....all right there in the trade log. Considering how VPER has been trading over the last few months https://ih.advfn.com/stock-market/USOTC/viper-networks-pk-VPER/historical . I would say odds are overwhelmingly in favor of this breaking out towards the upside rather than the downside. Just needs a little more exposure. Either trader driven or the most desirable path.....company driven.....just my take on it. I could be wrong but I've taken a small stake as a lotto.....



familyof5 Re: HoldEm777 post# 56539
Monday, November 18, 2024 11:48:08 AM

I see a real possibility the .0005’s print at some point today. Just from what I have observed over the past week with VPER I would say those .0003 bids are not going to have a whole lot of luck getting filled. Been watching this one every since you made mention of it about a week ago. Not sure what to make of it yet lol. But it seems to be building some momentum somewhat lol.

Someone is selling T4’s keeping it thin. Adding back what is bought.

Yeah. With the 19th being tomorrow it could have new developments coming.

I see a real possibility the .0005’s print at some point today. Just from what I have observed over the past week with VPER I would say those .0003 bids are not going to have a whole lot of luck getting filled. Been watching this one every since you made mention of it about a week ago. Not sure what to make of it yet lol. But it seems to be building some momentum somewhat lol.

Buying T4 looks enticing due to weight distribution. But I haven’t followed closely enough to see if they keep feeding the T4 ask. But yes I still see potential.

I saw that a little volume came in. I don’t deserve any credit. I just stumbled across a filing. Lol. But thank you. The people on this board before me found it if anyone should receive credit. But thank you again.

Maybe your on to something here HoldEm777 https://docs.fcc.gov/public/attachments/DA-24-1112A1.pdf


.....interest is picking up and those .0004's have surely began to evaporate. Your better at this than some want to give you credit. Guess some things take time to materialize. That will have been the case here should VPER be the next big .000 mover. Watching a little more intently now.....you still see potential? I saw the .0005's were one ASK slap away from being calculated in today's trading data not long after the open https://ih.advfn.com/stock-market/USOTC/viper-networks-pk-VPER/trades




familyof5 Re: HoldEm777 post# 56523
Tuesday, November 12, 2024 3:52:31 PM

Going to watch what happens here for a few more days. If the .004's start evaporating I think that's the buy signal. If not I'll take it off my watch list. Wishing better days ahead for you friend.....stay positive

🤣🤣 Shri Lanka 🤣🤣 21 cities 🤣🤣 i cant believe you paid pumpers from gutter notes "R" us are still using those scams 🤣🤣🤣🤣 Can't you come up with something new for a change. Maybe you can dig up ole Rancho again if you can't think of anything new...or maybe bring back the cybergrab pump.🤣🤣🤣🤣🤣

A few thousand bucks? WHAT? 21 Cities, Sri Lanka, solar powered wind turbines, NEXT GEN PLATFORMS, USA doc on call, and CYBERGRAB in Antigua and local US partner? That has to be 10s of millions of dollars, doesn't it? New hotshot CEO and Chief Administrative officer? That has to be worth $1/sh right there, doesn't it? Didn't you read that Hammer did some sort of pilot project in Liberia? LIBERIA! Everybody knows that Liberia is the best place to make billions of dollars. And that hugely successful "everything wireless" mantra? So successful, Hammer sold the company for some stock or something.
I'm sure the financials are delayed only because they had to get a new calculator because they wore out the old one adding up all of the revenue and profits!
What an amazing company.
Goo VPER

Late means flea market vendor revenues again. A few thousand bucks and posted after hours...probably on a Friday. Mark it.

Amazing financials going to be late.
They have had a new CEO for a couple of weeks now. Guy hasn't said a peep. Same garbage website is up and does NOT show the new CEO.
VPER comes up with this "We have implemented new policies and procedures in house designed to improve our reporting capabilities and we are completing the transition.", when saying that they just went through an acquisition and leadership transition would have been at least plausible. What did they do, buy a calculator to use? Not that they would need it for the minuscule revenue they post. They probably bought it to calculate the RS.
What an amazing company.
Goo VPER


NOTIFICATION OF LATE FILING
Name of the Issuer: Viper Networks, Inc.
Check One: Annual Report Quarterly Report Interim Report
For Period Ended: 9-30-2024
Address of Principal Executive Office:
200 E Big Beaver Rd.
Troy, MI 48083
Reason for Delay in Posting Financial Report: State below in reasonable detail why the Annual/Quarterly
Report could not be filed within the prescribed time period.
We have implemented new policies and procedures in house designed to improve our reporting capabilities
and we are completing the transition.
Anticipated Filing Date:
[Please note that the filing of this notification grants issuers 5 additional calendar days to post a Quarterly or
Interim Report and 15 calendar days to post an Annual Report.]
11-19-2024
Person to contact regarding this notification: Officer/Director Signature:
Date: 11-14-2024 Date: 11-14-2024
Signature: /s/ Signature: /s/
Name: Farid Shouekani Name: Farid Shouekani
Title: President Title: President
Instructions to post Notification of Late Filing in www.OTCIQ.com:
1. Fill out this Notification of Late Filing form and convert the file to a PDF
2. Log in to www.OTCIQ.com and click “Add Financial Report” on the left hand navigation
3. Select Dissemination Date “Immediate”
4. Under Report Type, select “Notification of Late Filing”
5. Enter Period End Date corresponding to the quarter/fiscal year end date for which this Notice is being filed
6. Click “Browse” and select the PDF saved in step 1 above.
7. A preview of the document will appear next. Please make sure to review the entire document & scroll down
to click the “Submit” button. Your Notification of Late Filing will appear within a few minutes on otcmarkets.com
Alternative Reporting companies on the Pink Current tier may utilize the Notification of Late Filing to receive
the extension. The Notification must be submitted by the applicable reporting deadline to qualify for the
extension.
OTCQB and OTCQX non-SEC reporting companies may also post this document to remain compliant with
OTC reporting requirements.

With these changes in volume and slight price increase, they could be preparing for another run in the stock. If the Sri Lanka deal was actually worth something, it will be reported on the quarterly report and if VPER ever gets the 21 Cities project actually going somewhere, maybe we could get the stock up to .02. I don't see how it could get beyond that without some other catalyst happening. Maybe another Sri Lanka order or perhaps that wonderful Saudia Arabia project comes to life.

what is the word with VPER

Interesting posting history you have.

Thank you for your interest here… it is certainly helpful. Welcome to ihub.

Dead ticker. It is well known that this ticker is just another otc scam. There aren't enough new victims/suckers to fall for this scam and buy in. This is stuck in the trips for all eternity, that is unless, there is another covid scare and the feds issue trillions of dollars that end up in the markets again. Highly unlikely.

No real buying interest since late last Friday afternoon. Not a lot of selling interest either to be fair. Just lots of BID sitting and very little to no ASK hitting. Under the current scenario I say nothing to see here. Now that could change here with a few good buys on the ASK. But I don't see any indication that will be the case anytime soon. And I'm not willing to hit the ASK that no one else has been willing to hit for almost 3 days now. This thing will blow when the volume comes in. Whenever that may be. Until then it's idle money that could be best put in something else IMHO

Thanks….

Going to watch what happens here for a few more days. If the .004's start evaporating I think that's the buy signal. If not I'll take it off my watch list. Wishing better days ahead for you friend.....stay positive

Got your PM. Keep your head up and don't put yourself at the mercy of others. As you stated a few days back you were able to turn 500.00 into 10,000.00 in a few months. In 2008 I was able to turn 2800.00 borrowed on a credit card into right at 100,000.00. Just a few days back a trader could have bought 20,000,000 shares of CG_C for 2000.00. At one point today that 2000.00 purchase from a few days ago was worth 20,000.00. So it's rare but it happens....

Hopefully it goes. Good luck to you.

Good bid support at .0002 currently. Saw it as high as 100,000,000 million first thing this AM. Be nice to see that 41,000,000 .0002 bid move to .0003. The .0004 ask has been gradually shrinking over the course of the last several trading sessions. From over 53,000,000 now down to a little over 35,000,000. So a little more buy pressure on the ask is what I'm watching and waiting on. Along with that.0002 bid support moving up a tick. Those two things happen and things start to get a little more interesting.....

Yeah that would be huge. I blew my account last year. Paper traded for probably 8 months and saved $500 that I put in my trading account. Almost hit 10k in 3 months then two bad trades took it all basically. So I study and stay active. The amount I have to trade is comical tbh. People don’t understand the effort I put in and have no position but I have honestly learned more doing that then I ever did when I had a large account.
So I’m a “Brokie” as they call it these days. Lol
But I do appreciate your kind words. Thank you.

I'll take that as a "put on watch for now" response lol. Or at least until you become a little more confident all metrics are in place for a move higher. Good eye on AD_C and GT_H. I had some reservations about your assessment of what direction those two tickers were headed but you proved me wrong. And you did so with class.....now that you have my attention. I'm hoping there's one out there that we can ride to the UPSIDE together and maybe take a few new to the game traders along for the ride!

You are exactly right. Definitely not as good judging the upside. Especially trips. It would have to be planting seeds. Hard to say what the masses will go for next and when.

As far as the chart, the daily is moving towards a possible breakout. Accumulation is rising. Wouldn’t take much. If the story develops it could be solid.

Ok thanks. Seen you make some pretty accurate calls on the downside of a few tickers here of late now. Got me thinking if your that good on downside calls. Your probably just as good on upside calls. Looks like I still have time to buy in cheap if the outlook here looks promising. Thanks again and again much respect.....