Mr. Arena: We have raised about $15 million in equity, to date. About half of that has come from our Board of Directors, and we completed a small institutional financing about six months ago. We are currently in the process of reviewing additional financing with some Wall Street investment bankers, but I am not at liberty to discuss these plans at the present time.
I believe that by investing early on before a major event takes place, investors have an opportunity for significant upside potential. ----------------------------------------------------------------------
Yes, Paul Arena, the latest AUGT.OB CEO, made claims as the CEO of i2Telecom, circa Feb/2005....
The truth?... The facts on how it all worked out for those "investors who got in "early", before a major event takes place"?....
Oct 1, 2009, i2 Telecom changed their name to GEOS Communication - GCMI.OB.
Share price when the claims were made, Feb. 2005,... $10.00 per. Share price when Paul resigned March 2010, .08 cents.
From February 2004 to August 2009, Paul Arena served as its director, Chairman of the Board, Chief Executive Officer, and Principal Financial Officer.
The share price of GMCI - Geo Communications, went from over $25.00 in 2004, to .08 cents the day Paul Arena resigned.... With a 1 for 10 reverse split cram down along the way. --------------------------------------------------------------------------
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