Emerging company in LED lighting products and integrated system markets, Viper Networks (OTCMKTS:VPER), on October 22, 2021 clarified on the rumours of a reverse-stock split by saying that as presently, there are no plans on performing such action.
On Friday, VPER stock gained 3.33% at $0.0062 with more than 44.59 million shares, compared to its average volume of 54.60 million shares. The stock has moved within a range of $0.0052 – 0.0064 after opening the trade at $0.0060.
The firm’s leadership is exploring ways on maximising shareholder value and backup plans was done to reach OTC QB. Viper is confident on its service and product portfolio and progress till date on completing all requirements for reaching QB on the OTC Markets. It has also lowered $38.5 million in debt in last few months and is committed on bringing value to its shareholders.
FaridShouekani CEO said that the journey has just begun and the firm is committed on building a robust ground.
The company also announced engaging Blu Edge Marketing Agency for driving marketing and branding efforts across the product line. Viper has been closely working on a number of B2B and B2C solutions in a number of industries including telecom and energy having built successful portfolio of smart-city products like Sensors, Lighting, Solar Power Systems, and Smart Citizens App.
With this, Viper has now doubled on commercialisation as well as go-to-market efforts through strategic hires besides engagement of Blu Edge Marketing Agency. The agency’s team has extensive expertise in advertising, marketing as well as development helping in rebranding its products and driving targeted marketing campaigns for augmenting revenues and sales.