Viper Networks, Inc. (OTCMKTS:VPER) Reappears as Pot Stock
Viper Networks, Inc. (OTCMKTS:VPER) seems to be in the habit of making its gains at the beginning of a new year. Such an event happened at the start of 2012, and again two years later. VPER, unfortunately, flagged on low volumes in the time between. The stock price reached $0.027 after adding more than 42% on record buying volumes of $949,000.
The ticker is not in active promotion right now, but this is not strange in the midst of the pot stock boom, where most newcoming double-zero tickers are riding the cannabis wave. Until recently, VPER, a pink sheet revealing limited information, presents itself as a promising VoIP provider, managed by experts. But it also turned out to be a producer of LED lights, an essential element of cannabis growing.
VPER even formed a subsidiary, Viper Agricultural Technology, Inc., to run this new business model, thus trying to make gains as a picks-and-shovels company, by supplying the cannabis sector with growing tools.
With more than two billion shares outstanding, and a market cap of around $5 million, VPER immediately looks like a risky proposition. And we don’t know what happened to the company since the filings of 2011, where annual revenues reached $1 million, and net loss shrank to $560,000. There is little to compare, since VPER only shares data once in a while.
Now, VPER hopes to expand its Florida factory by securing a loan from a US-based lender, still unnamed as only negotiations are under way.
VPER is just one of the many recent newcom. ers to come out of the blue and sutly change their business model to suit the new opportunity- at least in the form of OTC market gains, if not in revenues, at least initially.
Rightscorp, Inc. (OTCMKTS:RIGH) was the previous star below a penny, which now is fading rapidly. RIGH burst on a promotional email from triple-zero positions to $0.0025, and in a couple of days slashed off half of the gains. RIGH was previously a producer of teeth-whitening products and a copyrights protector, and quickly switched to servicing the cannabis sector through its web technologies.
Easton Pharmaceuticals, Inc. (OTCMKTS:EAPH) also added medical marijuana as an option to its already existing pharmaceutical business, and for now the ticker manages to keep its gains above 2 cents. Still, EAPH remains relatively underpriced and very risky.
Double and triple-zero stocks sometimes move without rhyme or reason, but even in the presence of reasonable factors, the fallout comes rather soon and the cuts are severe. It is best to be aware of the risks befire getting burned on an overheated newcomer of a stock.