The penny stock of Viper Powersports (OTC: VPWI) could again come into play soon now that the premium American built motorcycle maker is addressing the DTC Chill. The Company publicly addresses shareholders of VPWI stock how they engaged legal council to cure the deposit chill so that shares can be freely traded. A major plus for anyone has seen the quality products the company has been producing. With Terry Nesbitt rejoining as President of Viper Motorcycle Co. and plans for the “Diamondback” to meet April production deadlines, this is a must have on the watchlist.
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VPWI Stock Chart
Market Cap: 12.78M
Last: 0.245 ▲ 0.035 (16.67%)
Dollar Volume: $4,818
Issued and Outstanding: 52,182,639
14-Day Rel Strength: 49.09%
14-Day Stochastic: 73.68%
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In March of 2009, investors had the chance to get their hands on shares of Harley-Davidson, Inc. (HOG) for less than $10. In a down economy, the PPS has risen over 500% since. Granted Viper Powersports’ Viper Motorcycles is a fraction of a Company compared to the American icon, but so is its share price. Considering that they got their name out their during the 2012 NHRA Full Throttle Drag Racing Series by teaming up with Gottspeed Racing, the “street credit” has already been established, now its all about getting the product out there.
At the start of last year, the Company began the full production and sale of motorcycles having sold six bikes during the quarter ended September 30, 2012. Revenues for the nine months ended September 30, 2012 were $655,073, $370,274 of which were booked during the quarter. While future revenues will continue to increase from the sale of the Company’s premium motorcycles as they expand their dealer network, much of which is independent Harley Davidson dealers, their proprietary V-Twin engines will be hitting the market by Q2 of 2013.
With a strong product in high demand and long-term business strategy of becoming a leading developer and supplier of premium V-Twin heavyweight motorcycles, V-Twin engines, and ancillary motorcycle aftermarket products, VPWI has to be on your watch list.
About VPWI Stock
Viper Powersports Inc., formerly ECCO Capital Corp., designs, develops and is commencing commercial marketing and production of premium custom V-Twin motorcycles which are distributed and sold under the “Viper” brand through a nationwide network of independent motorcycle dealers. Click here to view the SEC filings for VPWI, here to view the Viper Motorcycles website.
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