Central Wireless Inc (CWIR)

[Briggsy]

Where’s the Missing 11B+ OS? Who is Summit Medical Technologies, Inc.?, who a few years ago was a CWIR subsidiary (see bottom of this post) In Jun 2010, CWIR share structure was reported on IH as:

AS 20B
OS 13,027,949,651
Float 956,867,450

The OS ownership would be:

11,073,757,200 Summit Medical Technologies ?
115,000,000 Earl Ingarfield
842,325,001 Ken Brand
40,000,000 New Century Capital Consultants
956,867,450 Publicly trading

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=51504544

CWIR has changed TAs 3x times since 2009? Colonial, Florida Atlantic, Pacific

Some insight into CWIRs OTC STOP SIGN and difficulty in reducing 20B AS. I would encourage everyone if they haven’t to read earlier CWIR posts here on IH, specifically #s300-500 and read every OTC CWIR filing for the last 10-yrs. It would shed some light into the rest of this post. Agree other than a few newly created website domains, it’s difficult for any shareholder and maybe even current mgmt to attempt to know what might be real and what isn’t with regards to CWIR. While everyone waits on any official filings from new mgmt, the history of CWIR filings by previous mgmts over the last ~27-yrs points to a very difficult time convincing TA/FINRA to perform most actions in a timely manner in today’s environment, IMO. The filing history is a complete mess and every time previous CWIR mgmt filed something it conflicted with other items filed around the similar timeframes. More specifically, official OTC filings with regards to CWIRs past/current share structure, includes many share issuances and AS increases makes it difficult to attempt to decipher anything from the 156 SEC filings CWIR made from 1987-2011. I can only imagine how much paperwork has been lost over the years amongst many different mgmts, 3x TAs, lawyers, etc. Trying to gather up all the information to bring CWIR back into fully reporting and divulge actual health and share structure of the company is going to be very time consuming and expensive with lawyers and accountants.

Someone updated the OTC website with the following share structure information without any filings filed to verify: www.otcmarkets.com/stock/CWIR/profile. The 2010 OTC filing was filed to list Mr. Brand as CWIRs sole Director and the 2011 OTC filing was filed to report CWIRs non-reporting “Going DARK”. http://www.dorsey.com/going_dark_voluntary_delisting_deregistration/
Shares Outstanding 1,954,192,451 a/o Jan 23, 2007
Float Not Available
Authorized Shares 10,000,000,000 a/o Dec 30, 2010

According to the following email on 28 Mar 2014 from Mr. Hudson (listed in IH’s CWIRs sticky note area), CWIR only has 2B AS http://investorshub.advfn.com/boards/read_msg.aspx?message_id=100484099
Friday, March 28, 2014 3:29 PM, Randolph Hudson <[e-mail]> wrote:
Hi xxxx,

"Firstly, in the case of Central, shareholders seem to have a misapprehension as to Central's authorized stock. Central NEVER HAD 20 Billion shares authorized; just two billion, which are pretty much issued. Pacific Stock Transfer is not only misinformed, they were never Central's stock transfer agent. Apparently, they succeeded Florida Atlantic Stock Transfer, which is no longer in business. I know because I have the stock transfer agency agreement between Central and Florida Atlantic in my possession.

Next, as a part of Central's restructuring, we are increasing its authorized capital to five billion shares from two billion shares. Central's restructuring is expected to be completed next week and will require action on the part of FINRA, as, among other matters, Central is requesting a new symbol.

Best regards,
Randy Hudson

ec: Michael P. Grande

But according to an OTC filing in Jun 2007, http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=5242018

In Apr 2007, CWIR mgmt increased the AS to 20B shares and issued 100 shs of CWIR Preferred stock to Summit Medical Technologies and the preferred were to convert to 11B+ common CWIR shares:

“The Company's Majority Shareholders are the beneficial owners of approximately 51.035% of the issued and outstanding shares of the Company's $.001 par value common voting stock (the "Common Stock"). The Majority Shareholders have voted for the Company to enter into that certain Share Exchange Agreement dated April 17, 2007 and to increase the authorized shares of the Common Stock of the Company to twenty billion (20,000,000,000) shares. The Company has received the executed Written Consent from a majority of stockholders, effective on April 17, 2007. A complete summary of each of these matters is set forth herein.”

“The Board of Directors and the stockholders of the company have approved that certain share exchange, entered into by the Company on April 17, 2007, with Summit Medical Technologies, Inc., a New Hampshire corporation (“Summit”), pursuant to which Summit transferred to the Company 19,500,160 shares of Summit common stock, no par value per share (“Common Stock”), and the Company transferred to Summit 100 shares of the Company’s Series A Preferred Stock, par value $0.01 per share (the “Exchange Agreement”). The Company’s Series A Preferred Stock is convertible into an aggregate of 11,073,757,200 shares of the Company’s common stock, $.001 par value per share, upon the twentieth (20 th ) day after the mailing of a Definitive Schedule 14C Information Statement to the Central shareholders pursuant to the terms and conditions set forth in the Exchange Agreement.”

Summit was also owned by Mr. Merchant (CWIRs CEO, CFO etc) at the time and was considered and affiliate of CWIR.

http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=35290899

“Summit Medical Technologies, Inc. develops and distributes products for the critical care, IV Therapy, vascular access, neonatal, and anesthesia medical disciplines. Summit Medical Technologies, Inc. was founded in 1986 and is based in Windham, New Hampshire. As of April 17, 2007, Summit Medical Technologies, Inc. operates as a subsidiary of Central Wireless Inc.”


The AS was increased but did the share transfer from Summit to CWIR and CWIR to Summit ever take place? If so, Summit wouldn’t terminate their pile of gold at this point in time, IMO. Maybe they are involved over the last 4-mos hence all the volume compared to a share structure which recently doesn’t support the volume since Jan 2014.

SOS NH for Summit Technologies Filings: https://www.sos.nh.gov/corporate/soskb/csearch.asp