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Maybe I got that wrong that the receiver has 99.9% control or ownership, but the court did give them control.
Your guess is as good as mine. Seems like they are still kicking and screaming.
But the Receiver already has 99.9% control over the company. From the reading I’ve been doing there are many forms of receivership. On one side it can be like a reorganization to save the company from bad management and on the other side it can be a total liquidation of all assets and the company, for the Plaintiff to recoup whatever losses they can.
If you read through the court docket it does mention that the receiver has identified that Cubera is in the middle of an over $20 M financing deal and I would hope the the receiver is only entitled to recoup their $300 thousand and then they’re out. I think I put the link about 2 messages down. It’s very convoluted. With all this I guess that deal could easily fall through.
There’s a pretty good chance jonsmile is right.
So you think 5Barz is done and finished like jonsmile says?
Maybe you’ve already seen it, they have quoted both you and me directly, in the court proceedings, submitted as Exhibts
Since this message board is being monitored by the on-going court proceedings for Blue Citi and it seems we, the Shareholders, have inadvertently provided information being used in this case, I’m going to use this platform to also be a voice for Shareholders who probably way more invested here than the Plaintiff, Blue Citi.
Hopefully, the Plaintiff Blue Citi, or Receiver, will also be responsible and accountable to the Shareholders as well? Will this show up in the docket?
To the court, how can the Shareholders be represented as well? Probably a pointless question!
https://www.docketbird.com/court-documents/Blue-Citi-LLC-v-5Barz-International-Inc/MEMO-ENDORSEMENT-on-RECEIVER-S-EMERGENCY-MOTION-TO-EXPAND-RECEIVERSHIP-with-respect-to-129-EMERGENCY-MOTION-to-Expand-Receivership-ENDORSEMENT-Defendant-must-file-a-response-by-March-18-2020-indicating-why-the-Court-should-not-modify-the-Receiver-Ord/nysd-1:2016-cv-09027-00130
Exactly.
We all should be very grateful that Bland and Amilio might be able to accomplish something here. And maybe, just maybe we get s shot to make some or pray to God all of our losses here. If this goes through it will be one in a million in the OTC. 99.999% of the time you lose all your money if an OTC stock gets revoked by the SEC. we should support Amelio and Bland on their efforts, and pray we get a return of capital here.
I agree with jonsmile below.
From your post #2737:
“I'm pulling for them, Let's hope they raise the money and then we can be Nasdaq bound and stronger with no dilution. 12X your money investing in the data business, where else are you going to find that. “
I think this is what Cubera is. It’s a Spin off Company and these are additional Shares in that spinoff company proportional to your shares in the parent company, not a swap.
https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.investopedia.com%2Fask%2Fanswers%2F032415%2Fhow-do-spinoffs-impact-investors-both-parent-and-subsidiary-companies.asp&data=02%7C01%7C%7C84f19165a6e8489fb1ba08d7c6300f8d%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637195782024814402&sdata=gp3e2cWBPINJxsQ4USc23qfU4VZJQ%2F4f6vh0GPVtv00%3D&reserved=0
It’s over no coming back you all need to wake up
This sounds like a mess!!!
Well, on Feb 19th, keyman18 posted a link #2758, to a court order to place 5Barz into Receivership so that Blue Citi LLC can take control and sell all 5Barz’s assets in order to recoup their loss on outstanding loans. But it’s not clear to me whether this is a total liquidation, someone on this Board probably knows.
Meanwhile I noticed on LinkedIn that both Danny & Samartha have updated their profiles as Co-founders & Co-CEOs of a new company called Cubera International, which shows a potential relationship to 5Barz. The link is in my post #2761.
Zerosum noticed that our shares (if you have some) apparently are being converted to a new holding under Cubera International, and after checking my own accounts I am also seeing this, albeit it looks like a 1:13 reverse split. I have a new CUSIP number in my accounts that belongs to Cubera International, check your holdings.
Then on the www.docketbird.com site shows a new Motion to entitle the Receiver to now include the assets of Cubera International as well, which Bland must respond to by this coming Monday if he wants to try and dispute. You can just click on keyman18’s post, the link is updated daily.
And now another former plaintiff, EMA Financial, with previous disputes, is asking to Intervene and jump on the bandwagon to try and recoup some of their losses as well.
But like VVVVVV said back in August 2019, if Gil really believed in this company then you would think he could easily come up with the funds to get the dirty loans out of the way.
I found something today, an article out of Singapore, that spoke positively about 5Barz. Not sure if it has any credibility though and I’m still trying to verify it. It’s from a company called InfoTrie / QuandL and seems to be all about big data analytics .
What is all this regarding?
Potential Related Party
Company Status PaidUp Cap. (? in Lakhs) Charges (? in Lakhs) Industry Age of Company
(Years) State No. of Common Director No. of Directors Disqualified u/s 164(2) No. of Directors DIN Deactivated
5BARZ INDIA PRIVATE LIMITED Active 13.03 Nil COMPUTER AND RELATED ACTIVITIES 5.2 Years Karnataka 01
The court has an emergency motion in place for the Receiver to include all the new Cubera assets.
13003/05/2020MEMO ENDORSEMENT on RECEIVER'S EMERGENCY MOTION TO EXPAND RECEIVERSHIP with respect to [129] EMERGENCY MOTION to Expand Receivership. ENDORSEMENT: Defendant must file a response by March 18, 2020 indicating why the Court should not modify the Receiver Order to expand the Receivership to include the Cubera entities. SO ORDERED. (Signed by Judge Valerie E. Caproni on 3/05/2020)
I read somewhere that shareholders can possibly intervene and stop some of these actions, or are we completely powerless?
But it does look like a reverse split of 1:13, still, better than nothing
You are correct Sir, now in one of my accounts I see some Cubera shares, cusip ending with 3105. The other account doesn’t display the cusip number but there is a new 5barz holding saying ‘XXX SUBMITTED FOR SPINOFF’, with a recent Corp Action transaction as of 01/29/2020.
You probably don't recognize the shares. They are listed under a CUSSIP number where the stock symbol is normally listed on your account page. Check again. The CUSSIP number on mine (I'm in the USA) have "CNT" in the number. I have/had BARZ in 3 different accounts and the shares showed up in all three.
Anyway, hope that helps others.
That link is a great find! Nice digging rogue, well done. Looks like currently it's a private company in India, but it's clearly showing it's linked to 5BARZ in some way.
Thank you for the reply. That’s encouraging news, unfortunately I’m not seeing that in either of my 2 accounts yet. And I’m in about as deep as you are! But something else is definitely brewing.
https://nam10.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.instafinancials.com%2Fcompany%2Fcuberatech-india-private-limited%2FU29100KA2020PTC131958&data=02%7C01%7C%7Cb22145317cdb4af8862a08d7b9425c2c%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637181566965400211&sdata=QLRulsRDbR4cJPz0IkkPFN3PeHAluQ9MWCmn8b0dmlg%3D&reserved=0
Have you not noticed that Cubera shares have shown up in your account? I'm shocked no one has posted anything about this yet. I own 5barz stock like the rest of you, and Cubera shares have shown up in my account. Time to start digging on Cubera guys, and find out what we can. Clearly this is Bland's and Gil's plan being executed (at least in the very early stages) that they mentioned on the conference call several months ago.
LinkedIn - Daniel Bland - Co-founder, Co-CEO - Cubera International - Jan 2020
??? Norwegian Investment firm ???
Blue Citi LLC v. 5Barz International Inc.
https://www.docketbird.com/court-cases/Blue-Citi-LLC-v-5Barz-International-Inc/nysd-1:2016-cv-09027
Seems Gil is extremely concerned about 5G, but this sounds more like a pitch for RF Check. Still I wonder what comprises these investment opportunities:
https://nam10.safelinks.protection.outlook.com/?url=https%3A%2F%2Fd3n8a8pro7vhmx.cloudfront.net%2Feconomicwarroom%2Fpages%2F786%2Fattachments%2Foriginal%2F1562076582%2Fep42_Economic_Battle_Plan%25E2%2584%25A2_Gil_Amelio_5G.pdf%3F1562076582&data=02%7C01%7C%7C5e42bec0fec74832e77f08d792cf8970%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637139292371039216&sdata=dyl%2Bi3%2FD0Ly1r4IoaMdFO%2FdR8%2BIXoEfQ8rCRDjJ0Q2s%3D&reserved=0
Does anybody think the Rovr is a part of this development?
https://www.google.com/amp/s/cloudblog.withgoogle.com/topics/customers/vodafone-calls-for-digital-transformation-with-the-help-of-google-cloud/amp/
https://telecom.economictimes.indiatimes.com/news/vodafone-idea-enterprise-arm-building-edge-data-centers-to-drive-growth-nick-gliddon/72457149
Unfortunately, I think this could indicate that they have bypassed or given up on the NE. A feature of the NE is that it is a cellular repeater, it does not use the internet or WiFi except as a failover. The article also says will work with any WiFi device. I’d say this is not encouraging news but of course in areas where there are no cellular radio signals the NE would be useless anyway.
I still have to use WiFi calling here in the US because I live in a pocket where there is no cellular, not even Verison, but a couple of blocks away I get 5 bars.
Do you think this could have anything to do with the Network Extender?
https://telecom.economictimes.indiatimes.com/news/airtel-to-launch-voice-over-wifi-service-in-december-to-tackle-call-drops/72280463
They could if they felt it was well worth it. Please read my last post # 2744. Unfortunately, this stocks going no where. IMHO
I am actually leaning towards your thinking, Edgar.
I believe Gil has failed us. I think Gil's eyes were bigger than his stomach.
It looks like the telco train in India has left our Gold Barz at the station.
I don't know about you guys but I'm starting to think this a lost cause. They're not able to raise the capital needed to get things going.
Seems that Kaynes was just recently looking for a US based WiFi & RF Engineer in Philly.
https://www.linkedin.com/jobs/view/wi-fi-and-rf-radio-frequency-test-engineer-at-kaynes-technology-india-pvt-limited-1548044719
Coincidentally according to LinkedIn, this is also where Tim Axness is located, if he is still doing any work for our company.
Good point. I agree they should update us.
Monetization...
Monetization coming to the telcos in India.
https://telecom.economictimes.indiatimes.com/news/5g-will-change-how-telcos-in-india-earn-revenue-cisco/71589691
Barz has got to be involved in this, right?
https://www.airtel.in/press-release/10-2019/airtel-chosen-as-network-solution-partner-for-faridabad-smart-city-project
What happened to the monthly updates Danny mentioned during the conference call last month?
I am confident I did not say Dr. Amelio specifically is trying to raise funds for 5BARz.
As far as Dr. Amelio being able to raise funds for Barz, it's impossible to know how much control Dr. Amerlio has over those funds that group has. If anything I would think it's a good thing Dr. Amelio is involved in other M&A activities and that he has access to large investors.
Also, just because that one group bid for that company doesn't mean they can invest in 5BARZ and what I'm sure are completely different types of investments. Also, it's not like those are Dr. Amerlio's personal funds for him to do with as he wishes, it's probably a consortium of different, very large investors. I'm pretty sure it's not at his sole discretion as to what they can or can not invest in. Large investment entities have certain parameters of what they can invest in, industry specific goals etc. Anyway, the responsibility is obviously squarely on Bland's shoulders to raise funds for the company. I hope he is successful, and I do think he might be able to do it. Barz has the ingredients. He also took the responsibility on for failing to be able to raise funds to date, and how long it has taken. I like when a CEO calls himself out, and acknowledges he made a mistake. I hope it's a Mia Culpa.
Also, how do we know Dr, Amelio isn't involved in this current effort to raise funds by selling a portion of the router/data mining business? We don't know.
I don't think anyone knows enough to say exactly how much or how little Dr. Amelio is doing for 5Barz. But what we do know is that he is still active with the company and is still the Chairman of the Board. And he was on this recent conference call. And he has been involved in other M&A activities outside of Barz. Better to have him involved, than not involved. I think Dr. Amelio might have guided another company through tough times as well. At the very least I'm sure Barz and Bland have his guidance which is valuable.
Dr. Gil has access to funds.....He and his group recently offered $150 millions for VPLM (VoIP-pal.com) for the shares of the CEO’s and got turned down. I would assume your saying he’s trying to raise money, well if he doesn’t, then obviously no one feels 5 Barz is a good investment. IMHO
Zerosum: I appreciate you stating how much you have invested in 5Barz to this point. Anyone else comfortable enough to do the same?
"removed and replaced with a qsep number instead"
I guess you mean CUSIP?
Thank you for your reply Zero. I always appreciate your knowledge and insight.
ok Fav, first I just want to inform you that 99% of what Kel said was wrong.
1) first of all, none of us lose our shares. What happens is they just stay in our brokerage account until you direct your broker do something with them. If you don't they just sit there. What happens is eventually the ticker symbol will be removed and replaced with a qsep number instead. So, you will see a long number instead of the BARZ symbol in your account. Unless there is a legal order, ordering your broker to do something with the shares, like in the case of a BK, then your shares will just sit there for years. If 5BARZ relists, then they tag the company to the QSEP number and the shares will be tradable again.
You still own your shares in 5BARZ, the company is just private now, and not public. One benefit of this is that we will be hearing from them far more often.
2) You don't need to keep proof of your shares, they remain your shares, nobody can take them from you unless a court orders a different action.
3) You can't necessarily go to a new brokerage, at least in the US. The only option if you needed one would be to send the shares back to the transfer agent, if you do that they are still yours, held by the transfer agent. That is free.
4) there is not a replay of the cc. I took notes. It was short and sweet but I personally liked what I heard. Best to just sit and wait and see if they get funds. If they do that they will re-list the stock on Nasdaq (that's what they said multiple times--Nasdaq, not OTC, which would obviously be great).
Let's see what they can do, they have a large orders (5 Million order) from VodaFone and more from Bharti Airtel. they also have some financing from Keynes for the network extender to fill orders so they have some cash flow. They intend to see a portion of the data business to go into much heavier production.
Personally, if everything the CEO said on the cc is true, then I'm hopeful that we could have a nice investment on our hands still. Nothing has changed with the company. They just got caught in a game of musical chairs with the SEC and got delisted. If we have a real business, and they are able to raise funds we will likely have a nice investment on our hands as long as they don't dilute us in order to raise the funds to get onto Nasdaq, and the CEO made it clear he does not intend to do that to shareholders. it is of note, that the CEO said clearly they could easily raise the funds they need by consolidating the shares and listing on Nasdaq. They could do this today, right now, and have all the money they need to move the router business forward and start mining that data that they have buyers for. That sounds like one worst case scenario, but even in that scenario we wouldn't lose all our money. Not a good scenario, and to repeat, Danny doesn't want to do that.
I'm optimistic and willing to see this out. I like the fact that Dr. Gil Amelio, the former CEO of Apple is still very active and in the picture with 5Barz. I have $140,000 invested in 5BARZ.
Unfortunately I was on an airplane during the call. How do I keep proof of my shares? My total shares for Barz still show on my brokerage but that is it, everything else regarding Barz statistics is gone. If Barz comes back to the Public market, will they automatically show up and start trading on my brokerage acct again. What if I go to a new brokerage, how will I prove my position in Barz?
Is there a replay of the conference call?
Edgarsmoney, I’m sure you probably have your answer by now but, Gil did the opening ( but I couldn’t hear him) and the rest was Danny. Maybe a comment from Gil at the end. It was mostly a recap of the last PR with a little more detail.
Good conference call. Feeling pretty darn good about this investment now. Nice to hear it all from the CEO and Dr. Amelio. I truly appreciate them doing this call, and informing shareholders more so than ever before it seems.
I'm pulling for them, Let's hope they raise the money and then we can be Nasdaq bound and stronger with no dilution. 12X your money investing in the data business, where else are you going to find that.
Darn good of Bland to look out for the shareholders and refuse to do a consolidation to up-list onto Nasdaq. I 100% appreciate that. That's what he could have easily done, and that's what 99% of all other crap CEO's on OTC do. Great of him to do the right thing. Thank you Daniel Bland.
And good luck team, go get that money. I'm pulling for you.
I got on the call late. Who is this speaking?
Thanks Bobwins.
got an email from someone who keeps in touch with the company.
Thank you for sharing. How did you become aware of this?
A conference call with 5BARZ management is set for Thursday August, 22nd 2019 @ 2:30 P.S.T.
Call in number 1-605-313-5111 (follow prompts)
Access code 525656
Because of the number of people attending the call, please email any questions before noon tomorrow.
Send to; zipitzoomit@yahoo.ca.
The call will be moderated by Dr. Gil Amelio, Chairman and Daniel Bland, C.E.O.
The purpose of this call is to explain to shareholders the recent events that have taken place with the delisting of 5BARZ from the O.T.C. market. Will update shareholders as to plan and schedule for moving forward.
Only Dr. Gil Amelio and Daniel Bland will be able to speak on this call. All attendees will be muted.
If after the call there are questions, email them to dbland@5barz.com. He will address all of them.
Did BARZ for bankrupt ?
Someone explain what happened here
"Will my shares continue to show up in my brokerage account until something happens with Barz? ... Even though Barz is now a private company?"
Probably not for long. They're outside the purview of BDs at this point, so they should disappear from your statement. If you're lucky, they'll send you an explanation.
***** So how do I have proof of ownership? What happens when/if Barz goes public again, will shares automatically show up in my brokerage acct?
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5BARz International, Inc. (BARZ) is engaged in the design, development and global commercialization of new technologies that enable cellular network carriers to improve the connectivity performance endemic on their networks and provide clear, high-quality signal for their subscribers. By addressing the global demand for high-quality service, 5BARz seeks to capitalize on the minimum market opportunity of approximately $27 billion.
At the core of this mission is the company’s patented product technology, 5BARz™, a cellular network infrastructure device for use in the small office, home or for when users are mobile. 5BARz has incorporated this patented technology to create a highly engineered, single-piece, plug 'n play unit that strengthens weak cellular signals and delivers high-quality signals for voice, data and video reception on cell phones and other cellular-equipped devices.
Current cellular network infrastructure is comprised of cell towers, cellular base stations, macro repeaters, micro cells, and many other “carrier grade” technologies and categories. 5BARz aims to revolutionize this network infrastructure with its one-of-a-kind and industry first 5BARz Network Extender™ product. This entirely new category will allow network operators the ability to position or “extend” a new and critical piece of their network infrastructure directly into the homes and offices of its subscribers to deliver a stronger, more reliable cellular signal.
5BARz Network Extender was launched in February, 2014, in Barcelona during the Mobile World Congress, and garnered widespread and extremely positive feedback that confirmed the company’s belief that the industry is looking for a solution to improve coverage in poor coverage areas within their networks. 5BARz™ represents a critical solution with the potential to fundamentally change the way cellular carrier network infrastructure is designed and deployed to their billions of subscribers worldwide.
Investment Highlights
Technology & Patents
As an industry pioneer in wireless infrastructure technology, 5BARz intends to expand its current portfolio of two patents issued, 11 international patent applications in process, and four original U.S. applications in process.
Patents Issued
These patents serve as the core of 5BARz’s innovative products and services.
The 5BARz Extender
The 5BARz Network Extender™ will allow network operators from all over the world to position or “extend” a new and critical piece of their network infrastructure directly into the homes and offices of its subscribers, not unlike cable providers do with their cable boxes and ISP’s do with their modems. This device will allow for carriers to finally deliver a stronger, more reliable cellular single hence easing the frustrations of mobile subscribers all over the globe.
The 5BARz Network Extender™ is a “carrier grade” cellular network infrastructure device which is capable of being remotely managed from each carrier’s Network Operation Center and includes patented technologies such as bringing together both the send and receive antenna into a single form factor, automatically cancels echo or “noise cancellation,” supports multiple bands and all frequencies around the world, and automatically balances power management to avoid any interference with the macro network with the ability to support up to 10 simultaneous users at a time.
Road Warrior
Developed by 5BARz subsidiary CelLynx Group, the Road Warrior plug-n-play device delivers full cell phone signal strength and up to 20x faster Internet in "dead" zones.
The device can be used from any location where power is available, including vehicles, homes, offices or hotel rooms and without the need for installation, external cabling or antennas.
The 5BARz Road Warrior won the prestigious Innovation of the Year award at the 2010 Consumer Electronics Show for achievements in product design and engineering, and 5BARz is currently redesigning the device for an enhanced version expected to launch in Q1 2015.
Competitive Edge
5BARz plans to sell its products through mobile network carriers. To foster customer loyalty, each carrier network will have its own proprietary version of the system.
5BARz’s innovative and affordable solutions improve mobile phone and wireless data signals for phones, laptops, and tablets. The company’s products meet incredible industry demand, improving reception, reducing dropped calls and eliminating dead zones, preventing degradation of wireless data rates and maintaining data reliability.
Through successful capital raises in the past 12 months, 5BARz has raised more than $3 million, allowing the acceleration and completion of 5BARz Network Extender. Last year’s FCC ruling underscored the need for signal “boosters” that do not adversely affect wireless network, providing 5BARz with a significant and sustainable competitive advantage.
5BARz’s patented technology incorporates all of the “Network Protection Standard Requirements” set out in the FCC findings while making the product both user and operator friendly.
Additional Advantages:
Market Opportunity
Readily available cellular industry data clearly shows that more than 3% of the world’s 4.3 billion mobile subscribers leave one network for a competing network specifically because of poor single quality, dropped calls and terribly weak data throughput (in industry parlance, “churn”), all at a time when cellular devices are becoming increasingly data reliant.
For 5BARz to simply address the “churn” issue, the market opportunity is at minimum approximately $27 billion. However, the company sees market potential well above the churn. Why? In the highly competitive cellular market, customer loyalty is driven by carriers that go that extra step in proving that they clearly understand how and for what purposes mobile subscribers currently use their mobile devices.
The data is clear on this.
Voice revenues for carriers globally are rapidly falling while data revenues continue to climb despite the subpar data capabilities that mobile subscribers endure on a daily basis. Carrier networks simply are not yet adequately developed to capture the rapidly increasing demand for much increased data usage on mobile phones.
Those infamous “drop spots,” whether in the interior of a building or on the highway, are not areas that are being ignored by network carriers; rather, the network carriers simply lack the final, critical piece of their network infrastructure.
Given this conundrum, 5BARz aims to change the way the carriers build, roll-out and deploy their network infrastructure with the 5BARz Network Extender. The 5BARz Network Extender is the last piece of equipment that carriers need to be able to deliver optimum performance over their networks and finally put to rest years of subscriber frustration.
The 5BARz Network Extender truly delivers the “last mile in mobile connectivity.”
Growth Strategy
5BARz has made great strides in advancing to its growth strategy, backed by the help and expertise of a dedicated team of employees, advisors and support from its stakeholders. The company began distribution of products with an initial delivery of devices to Mexico, Latin America’s second largest market.
The strategic decision to commence distribution in this market through Computación AM, which boasts a client network of more than 20,000, positions 5BARz for strong growth in 2014 and beyond.
5BARz also opened a new Southern California Innovation Center in October, providing design and engineering capabilities to further develop 5BARz’s core technologies and to meet the product delivery needs of its partners.
Near-Term Growth Drivers
The company’s product development roadmap envisions the core technology to be adapted to several different market segments in the near future, including continuing to reduce the size of its devices.
Furthermore, 5BARz is in the process of redesigning its mobile solution sand believes the new designs will be more suitable for incorporation by Original Equipment Manufacturers (OEM).
The integration of this technology into products such as automobiles, recreational vehicles, and computers would represent a major leap forward in cellular network performance and improve customer satisfaction and usage.
Leadership
Most successful business people around the world will point to the “team” as the single most important factor in a company’s DNA. With the right people, we have all watched small companies emerge and in a short period of time change the world. The difference maker each and every time is the TEAM.
Daniel Bland - Founder / Chief Executive Officer
5BARz founder and CEO Daniel Bland is a seasoned entrepreneur who has firmly established himself as a ‘hands-on’ developer of premier and unique technologies. Over the last 30 years he has been well ahead of the technology curve by locating state-of-the-art technology, and then incubating, developing, commercializing and building a world class team around him to make those technology innovations and advances a reality.
Through this process, Bland has mastered the small-cap market techniques that have allowed him to raise more than $100 million for his various ventures in both domestic and international venues. His development and financing activities over the years have allowed him to build a network of like-minded companies and individuals across the globe from Monaco to Moscow, Vancouver to Bangalore.
One project at a time, Bland fully immerses himself as an entrepreneurial CEO in the startup stage, selecting a management team to help him take the technology, product and the company to the next level. Backed with skill sets and his 30 years of experience, Bland is now fully focused on building 5BARz and its leading-edge products in the wireless industry, the most vibrant technology sector in modern times.
Naresh Soni - Chief Technology Officer
Naresh Soni came to 5BARz with more than 30 years of experience in the telecommunication industry. He is an accomplished and highly recognized technology leader with experience inventing, building, managing and rolling out multiple global telecommunications technologies we all take for granted. With the advent of cellular, Soni is credited with developing technology products for mobile devices and networks, which have generated hundreds of millions of dollars in revenue.
Most recently, Soni served as the chief technology officer of InterDigital, a $2 billion market cap NASDAQ company, where he was responsible for InterDigital’s technology strategy and road map. Additionally, Soni led the company’s university and industry relationships, provided guidance on M&A opportunities, as well as all research and development initiatives.
Prior to InterDigital, Soni served as the chief technology officer for Streamezzo, a venture-funded provider of interactive rich media solutions for some of the world’s leading handset manufacturers and wireless operators. His previous experience also includes executive positions at STMicroelectronics, Nokia, AT&T Bell Labs and IBM. Soni holds several patents, has authored multiple technical papers, and has given keynote speeches at many communications and computing conferences.
Soni earned his Master of Science in Computer Engineering from the University of Texas, Austin. He has served on the board of the University of California San Diego (UCSD) Center for Wireless Communications, Commnexus and is currently on the Technical Advisory Council at Interdigital and Accelera Mobile Broadband.
Mark Geohegan - Director of Finance
Mark Geohegan has operated as a financial professional for 30 years. A former chartered accountant with Price Waterhouse, Geohegan leveraged his operating businesses to develop a career of guiding start-up companies into thriving enterprises. He was a hands-on manager at an organization that developed 1,100 franchised outlets internationally within a few years, and was an active part of a turnaround team in a high tech company that now has a market capitalization of $1.6 billion dollars. Geohegan has substantial experience in structuring and listing companies on stock exchanges in various venues in the world and substantive post-listing management experience, including quarterly reporting, annual audited financials, annual reports, budgets, ongoing business plan development, investor relations and management of business development initiatives.
Orlando Cueter - Vice President, Business Development
With more than 20 years of business experience, Orlando Cueter began his career at the United Nations in Santiago Chile – Industry Division. Since then Cueter has been involved in corporate finance for a diverse number of global businesses. He is a partner of ITC (Invoice-to-Cash) in Toronto and remains co-founder and owner of the Tre Angoli Winery in Manila, Philippines.
Gil Amelio - Chairman of the Board
An iconic technology executive and investor, Dr. Gil Amelio in 2013 stepped down from the AT&T board of directors, a career expanding 18 years, to assume a more hands-on role in executing 5BARz’s accelerated growth strategy as chairman of the board. Throughout a career span of more than three decades, Dr. Amelio has led various technology companies, serving as the CEO and chairman of Apple Computer; the president, CEO and chairman of National Semiconductor; and the president of Rockwell Communication Systems, a unit of Rockwell International. Under his leadership, these companies underwent successful transformations that resulted in over $9 billion USD increase in investor value.
Dr. Amelio launched his career as a member of the technical staff at Bell Labs’ legendary Murray Hill, NJ, campus. He received a Bachelor’s Degree, Master’s Degree, and Ph.D. in physics from the Georgia Institute of Technology. He has been awarded 16 patents and a 17th is pending. He is also the co-author of three books, two of which were business best sellers.
Dr. Amelio has established a well-documented legacy of having identified and implemented key strategically important emerging technologies leading to significant increases in shareholder value at the companies he led. His broad base of experience, influence in the technology sector and insightful guidance to developing technology companies is a significant asset to organizations with which he is or has been associated.
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