Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I made my bet a very long time ago. When you make a bet in pink sheet land sell half and get your principle back first chance. It’s wait and see now. I wouldn’t touch this now. Bill has to devliever first. Cheers
It will be interesting to see how many people buy these warrants offered. The company is offering warrants to purchase stock which is not trading on a market or even has a listing date. With this companies history of doing nothing other then diluting shares, people should really think about buying any Wytec.
KLouis is either Kaiser Souzai or Finkle/Einhorn. There is no way anyone other than Bill Gray can keep feeding this nonsense!
Hey buddy, I drop a few Carona bottle caps in a cup. Go STZ. Good times.
Don't worry. Klouis drops the entirety of his vast holdings into a denture cup each night. AAAAAAHAHAHAHAHAHAHAAHAHAHA
This whole situation would be funny if it wasn't so sad. There is no company, there are no products or services. There is no value. How many times can you get kicked in the teeth before you realize this is a scam. Write it down, take a picture, do whatever you want to remember - THIS IS A SCAM. YOU LOST YOUR MONEY, MOVE ON!
Well another day of nothing. Bill could give investors a new timeline of share distribution, missed Nov 20th badly.
Lookin good! Looks like Bill has this company on a roll!
Here is a way to explain what has happened in a less rigid way. CCOP just offered shares of a spin off called Wytec based on how many shares of CCOP one owns.. Shareholders were given approximately 1 share of Wytec for every 400 shares of CCOP owned along with warrants at 2-1. Sounds like a great deal for an emerging company, right?
If you research habits of these unregulated OTC and pinksheet companies, you will see a common practice in their dilution scam is offering free shares based on current ownership. Insiders do this in hopes of preventing those not on the right side of the hustle from selling their shares during the promotion. You, along with other CCOP shareholders, will be issued share of Wytec. Only problem is there is no date for Wytec open trading on any market. CCOP did something like this with the 144 restricted shares which so many are stuck with and can’t sell. For now, any shares of Wytec are worthless until a market is available for trading. If this spinoff ever becomes tradable, it will most likely trade on another Unregulated market. Real tech companies trading at $25 per share are on the NASDAQ.
Also keep this in mind. Over the last two weeks CCOP has seen great volume. With all these people buying before the spin off shares are distributed, shouldn’t the share price of CCOP go up. It traded sideways with all the volume. Who was selling? Ask why would anyone sell with the promise of free shares of a $25 stock being offered? Now the price is back to around a penny with the volume disappearing.
Everyone should do their own research and draw their own conclusion.
Here is a way to explain what has happened in a less rigid way. CCOP just offered shares of a spin off called Wytec based on how many shares of CCOP one owns.. Shareholders were given approximately 1 share of Wytec for every 400 shares of CCOP owned along with warrants at 2-1. Sounds like a great deal for an emerging company, right?
If you research habits of these unregulated OTC and pinksheet companies, you will see a common practice in their dilution scam is offering free shares based on current ownership. Insiders do this in hopes of preventing those not on the right side of the hustle from selling their shares during the promotion. You, along with other CCOP shareholders, will be issued share of Wytec. Only problem is there is no date for Wytec open trading on any market. CCOP did something like this with the 144 restricted shares which so many are stuck with and can’t sell. For now, any shares of Wytec are worthless until a market is available for trading. If this spinoff ever becomes tradable, it will most likely trade on another Unregulated market. Real tech companies trading at $25 per share are on the NASDAQ.
Also keep this in mind. Over the last two weeks CCOP has seen great volume. With all these people buying before the spin off shares are distributed, shouldn’t the share price of CCOP go up. It traded sideways with all the volume. Who was selling? Ask why would anyone sell with the promise of free shares of a $25 stock being offered? Now the price is back to around a penny with the volume disappearing.
Everyone should do their own research and draw their own conclusion.
How about you look at revenue? Did you notice all of that cash came from selling worthless stock? Did you notice that all of the funds go directly to Bill Gray? Did you notice they spend very close to 0 on R&D, and have not mentioned anything whatsoever about the LPN16 garbage fake device they are "testing". Do you see that all of the vast revenue comes from Wireless Wisconsin (an internet provider)? How anyone can have any shred of confidence or hope is lost on me. Sorry again and again to you fools.
CCOP Current assets:
Cash $ 2,242,493
https://ih.advfn.com/p.php?pid=nmona&article=76091268
That’s a good question. Have no idea. I still wonder how these shares have a valuation of $25.00. Believe it when I see it.
So the spin off actually occurred. Shares to be distributed on November 20th. Anyone have any idea when Wytec will be trading?
The companies were started by Bill Gray shortly after he took over CCOP then he got diverted with Wytec, the other companies I believe are empty Co. to my knowledge!
You own a big stack of worthless paper and a heaping plate of false hope. There is no company. There is no revenue. There is no hope. This is all a scam.
Eight company’s? I truly do not know what I own. I remember reading about ccop many many years ago while on vacation with grand kids. Business plan made sense. Question and risk was could he do it. I am still hoping. Thanks for sharing your thoughts.
Maybe Bill will Spin-off one of the other 8 companies that CCOP has???
Your math is correct. Worried what value is for ccop after Wytec is gone. What income will they have and coming from where.
CCOP has Outstanding Shares 331,965,221 with a value in Wytec shares of $0.065284 per ccop share!
Louis if Wytec shares sell for $25, then CCOP has $21,638,800 in value of Wytec shares plus a few dollars more for the warrants until the Spin-off
Hope Bill let’s the shareholders know why we should hold onto ccop. Also what would give Wytec a share price of $25.00 when trading starts on the 20th of this month. This drop was expected today with no news. Bill dropped the ball again. IMHO
You still in JGWE? Waiting for the conference call I just doubled down
CCOP: S1-Spinoff record ownership date was Last Friday
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12335189
Need more DD to see what the deal is all about,doh
Cool, thanks!
News wise all I see is that they recently had an S1 filed for an exchange in stock with another company. Could be related to that could not. Either way low risk at these price levels. I’m with you
Lets hope. Bill needs to release a PR where he says he has started a business. No fluff this time. IMHO
Is this the start of some thing BIG? .04, Ask .045
OMG. Just seen ccop price. Lot of buying last hour. I always said I will sell if it ever got to ten cents in my life time. My heart rate is at a higher level right now. Would you know what exchange Wytec will trade on, I thought it was pink sheets.
As you may be aware, Competitive Companies, Inc. (CCOP) will “spin-off” its subsidiary Wytec International, Inc., via its SEC Registration Form S-1 becoming “effective” on October 10th, 2017.
What does this means for current CCI Shareholders? Our recent press release states:
“The Company has declared its record date to be November 10th, 2017 with a distribution date of November 20th, 2017. The distribution date provides for all CCOP shareholders of record to receive Wytec shares based on an approximate 388:1 ratio including a 2-for-1 issuance of Wytec low cost warrants. This means that all CCOP shareholders, old and new purchasers, will receive Wytec shares and warrants if they own CCOP shares of common stock by 5:00 pm Eastern Time on November 10th, 2017, but not after.”
Essentially, all CCOP shares that you own as of November 10th, 2017 (the Record Date), will receive at “no cost” a distribution of Wytec Common Shares in the above (approximate) quoted ratio of 388:1. For example, if you own 100,000 CCOP shares on the record date, you will be distributed approximately 257 Wytec shares plus 515 (2-for-1) Wytec warrant shares priced at $5.00 per share. To assist you in the value of this distribution, our in-house accountants have devised a “rate of return” chart to help you understand your position. As an example, if you were to purchase 100,000 CCOP shares @ $.05 per share (currently less than this), you would have invested approximately $5,000. If you were to keep those shares through the record date of November 10th, 2017, you would receive 257 shares of Wytec shares.
According to the latest professional valuation done by Signals Analytics, Wytec shares have a value of $25.00 per share, representing $6,425. If you were to exercise the attached Wytec warrants @ $5.00 per share, you would have invested an additional $2,575 for a total of $7,575 ($5,000+$2,575). If you were to sell these Wytec shares at the valuation price of $25.00 per share upon Wytec’s listing (there is no assurance that Wytec shares will trade at this price or at any other particular price), you would receive $19,300 (772*$25.00=$19,300). According to our XIRR model assumptions, you would earn an approximate 281% annualized rate of return on your investment.
Due to the window of opportunity occurring for approximately 30 days (October 11, 2017 through November 10th, 2017) the price of CCOP shares could go up. Therefore, we created another XIRR assumption if CCOP shares traded for up to $.10 per share. See XIRR model below.
What happens to CCOP shares after the Wytec spin-off? This is the exciting part. The reason the Wytec spin-off is beneficial to CCOP Shareholders is that they were able to receive Wytec bonus shares and low-cost warrants at a significant discount to the appraised value and at the same time, “retain” their CCOP shares.
This means that a Wytec type transaction can be repeated with other companies wanting to go public via a “spin-off” just like Wytec did. There is no limit to the number of spin-off transactions that CCOP can participate in. Our professional advisors are very familiar with this type of transaction and will assist us in locating other companies desiring to go public via a spin-off. The potential additional returns on this type of transaction were not included in the forecasted ROI with Wytec share distributions.
This XIRR Model is calculated on three primary assumptions: Price purchased, price sold, and length held. Thus, if you purchase CCOP shares for less than the example $.05 price, the ROI will increase, if you sell the Wytec Shares for more than $25.00, the ROI goes up. The following example assumes that even if you purchased the CCOP for $.10 per share and sold the Wytec Shares at $25.00 per share you would realize a respectable ROI of 80% per annum. *XIRR is a method for calculating an internal rate of return or annualized yield for a schedule of cash flows occurring at irregular intervals. Model assumes that you held the shares for no longer than one (1) year.
Security Owned CCI Common
Purchase Date October 1, 2017
Share Price $0.100
CCI Shares Held 40,000
Wytec Dividend Shares 104
Wytec Warrants Issued 208
Total Wytec Shares 312
Sales Date July 31, 2018
Wytec Share Price $25.00
Rate of Return 80%
The above rate of return assumes that you purchased CCOP shares prior to November 10th at no more than $.10 per share. The Wytec share distribution is not available after November 10th and the above ROI would not be possible.
The only opportunity to own discounted Wytec shares before its initial trading date is to purchase CCOP shares currently being traded on the Over the Counter market. You must own CCOP shares by November 10th, 2017. After that date, purchasers will not be awarded Wytec shares and warrants.
To learn more about Wytec, please visit our new website: www.wytecintl.com
For further information and/or discussion, please call Tina Ellis at 888-284-4531 or email her at tellis@wytecintl.com.
Sincerely,
William H. Gray
President/ CEO
As you may be aware, Competitive Companies, Inc. (CCOP) will “spin-off” its subsidiary Wytec International, Inc., via its SEC Registration Form S-1 becoming “effective” on October 10th, 2017.
What does this means for current CCI Shareholders? Our recent press release states:
“The Company has declared its record date to be November 10th, 2017 with a distribution date of November 20th, 2017. The distribution date provides for all CCOP shareholders of record to receive Wytec shares based on an approximate 388:1 ratio including a 2-for-1 issuance of Wytec low cost warrants. This means that all CCOP shareholders, old and new purchasers, will receive Wytec shares and warrants if they own CCOP shares of common stock by 5:00 pm Eastern Time on November 10th, 2017, but not after.”
Essentially, all CCOP shares that you own as of November 10th, 2017 (the Record Date), will receive at “no cost” a distribution of Wytec Common Shares in the above (approximate) quoted ratio of 388:1. For example, if you own 100,000 CCOP shares on the record date, you will be distributed approximately 257 Wytec shares plus 515 (2-for-1) Wytec warrant shares priced at $5.00 per share. To assist you in the value of this distribution, our in-house accountants have devised a “rate of return” chart to help you understand your position. As an example, if you were to purchase 100,000 CCOP shares @ $.05 per share (currently less than this), you would have invested approximately $5,000. If you were to keep those shares through the record date of November 10th, 2017, you would receive 257 shares of Wytec shares.
According to the latest professional valuation done by Signals Analytics, Wytec shares have a value of $25.00 per share, representing $6,425. If you were to exercise the attached Wytec warrants @ $5.00 per share, you would have invested an additional $2,575 for a total of $7,575 ($5,000+$2,575). If you were to sell these Wytec shares at the valuation price of $25.00 per share upon Wytec’s listing (there is no assurance that Wytec shares will trade at this price or at any other particular price), you would receive $19,300 (772*$25.00=$19,300). According to our XIRR model assumptions, you would earn an approximate 281% annualized rate of return on your investment.
Due to the window of opportunity occurring for approximately 30 days (October 11, 2017 through November 10th, 2017) the price of CCOP shares could go up. Therefore, we created another XIRR assumption if CCOP shares traded for up to $.10 per share. See XIRR model below.
What happens to CCOP shares after the Wytec spin-off? This is the exciting part. The reason the Wytec spin-off is beneficial to CCOP Shareholders is that they were able to receive Wytec bonus shares and low-cost warrants at a significant discount to the appraised value and at the same time, “retain” their CCOP shares.
This means that a Wytec type transaction can be repeated with other companies wanting to go public via a “spin-off” just like Wytec did. There is no limit to the number of spin-off transactions that CCOP can participate in. Our professional advisors are very familiar with this type of transaction and will assist us in locating other companies desiring to go public via a spin-off. The potential additional returns on this type of transaction were not included in the forecasted ROI with Wytec share distributions.
This XIRR Model is calculated on three primary assumptions: Price purchased, price sold, and length held. Thus, if you purchase CCOP shares for less than the example $.05 price, the ROI will increase, if you sell the Wytec Shares for more than $25.00, the ROI goes up. The following example assumes that even if you purchased the CCOP for $.10 per share and sold the Wytec Shares at $25.00 per share you would realize a respectable ROI of 80% per annum. *XIRR is a method for calculating an internal rate of return or annualized yield for a schedule of cash flows occurring at irregular intervals. Model assumes that you held the shares for no longer than one (1) year.
Security Owned CCI Common
Purchase Date October 1, 2017
Share Price $0.100
CCI Shares Held 40,000
Wytec Dividend Shares 104
Wytec Warrants Issued 208
Total Wytec Shares 312
Sales Date July 31, 2018
Wytec Share Price $25.00
Rate of Return 80%
The above rate of return assumes that you purchased CCOP shares prior to November 10th at no more than $.10 per share. The Wytec share distribution is not available after November 10th and the above ROI would not be possible.
The only opportunity to own discounted Wytec shares before its initial trading date is to purchase CCOP shares currently being traded on the Over the Counter market. You must own CCOP shares by November 10th, 2017. After that date, purchasers will not be awarded Wytec shares and warrants.
To learn more about Wytec, please visit our new website: www.wytecintl.com
For further information and/or discussion, please call Tina Ellis at 888-284-4531 or email her at tellis@wytecintl.com.
Sincerely,
William H. Gray
President/ CEO
Forward looking statement The discussions and information in this Memorandum may contain both historical and forward-looking statements. To the extent that the Memorandum contains forward-looking statements regarding the financial condition, operating results, business prospects, or any other aspect of our business, please be advised that our actual financial condition, operating results, and business performance may differ materially from that projected or estimated by us in forward-looking statements. We have attempted to identify, in context, certain of the factors we currently believe may cause actual future experience and results to differ from our current expectations. The differences may be caused by a variety of factors, including but not limited to, adverse economic conditions, lack of market acceptance of our products and services, losses from theft, intense competition, including entry of new competitors, adverse federal, state, and local government regulation, unexpected costs and operating deficits, lower sales and revenues than forecast, default on leases or other indebtedness, loss of suppliers, loss of supply, distribution and service contracts with customers, price increases for capital, supplies and materials, inadequate capital, inability to raise financing, loss of customers and failure to obtain new customers, the risk of litigation and administrative proceedings involving us and our employees, loss of government licenses and permits, higher than anticipated labor costs, the possible acquisition of new businesses or products that result in operating losses or that do not perform as anticipated, resulting in unanticipated losses, further dilution of ownership in the Company caused by the issuance of more securities, the possible fluctuation and volatility of our operating results and financial condition, adverse publicity and news coverage, inability to carry out marketing and sales plans, loss of key executives, changes in interest rates, inflationary factors, and other specific risks that may be alluded to in this Memorandum or in other reports issued us.
I don't think Bill wants to take care of his shareholders, I am still stuck with Thousands of Dollars in 144 shares from the begging of CCOP. I hope you do well, Good Luck.
Great. Hope Bill has this company ready to Rock.
255,000 Vol ... 0.0285 X 0.04 ... 72,000 Bid ... 20,000 Ask .04 Last
Still smiling. The question is if Bill is a liar. The street can look back and see all his talk about connecting 30 cities, etc. He has to do more than talk this time, IMHO. Btw one of my core holdings for decades is STZ. Cheers.
If -- as you have claimed -- your holdings are so huge, why aren't you always on the beach? I smell a liar. LOL
I'm all smiles. I will be on the beach a lot more if this keeps up.
Huge LOL on that one!!!! I tell you, these boards are the funniest thing around!!!
Thanks. The game changer is if a business starts, with revenue and hopefully profits
Louis. Some factors to consider with this so called investment. You are being issued shares for an unknown stock which share allocation is based on how many shares of an unregulated pink sheet company you own. This spinoff sounds like it will also trade on an unregulated market. If Wytec was going on the. NASDAQ or NYSE, you might have something. A pink sheet spinning off onto an OTC market is nothing to get excited about. Also consider this. You are receiving approximately 1 share of Wytec for every 400 shares of CCOP you own. Look up the term reverse split and see how it is used in these unregulated markets. Also, take a look at what happens to share price after reverse splits. It always goes to the original price and shareholders are stuck with a stock worth a slight fraction of what they once had. Also, there has been considerable volume in the last few days with no change in price. Someone is selling their shares. Even with this so called progress in the company, people are selling into the buying.
Always do your own research and draw your own conclusions. So many hope this is the real deal.
Good luck to you
They say know your investment, I don't. Ccop is two pennys. Will the spin off trade for .ooo5? Will ccop start tradeing at .ooo1? Hoping for the best.
CCI Shareholders to Receive Wytec Shares in Spin-Off
By Marketwired, October 11, 2017, 03:24:00 PM EDT
Vote up AAA
SAN ANTONIO, TX -- (Marketwired) -- 10/11/17 -- Effective October 10th, 2017, Wytec International's Form S-1 Registration Statement, as filed with the Securities and Exchange Commission (SEC) for the spin-off of Wytec International (the "Company") from its parent company, Competitive Companies, Inc., "CCI", has been declared effective. "This is a powerful milestone in the history of Wytec and now allows us the ability to move forward with our planned spin-off Wytec from its parent, Competitive Companies, Inc. (OTC PINK:CCOP) and become an independent public company," remarks William Gray, President/CEO of Wytec and Competitive Companies, Inc. The Company has declared its record date to be November 10th, 2017 with a distribution date of November 20th, 2017. The distribution date provides for all CCOP shareholders of record to receive Wytec shares based on an approximate 388:1 ratio including a 2-for-1 issuance of Wytec low cost warrants. This means that all CCOP shareholders, old and new purchasers, will receive the Wytec shares and warrants if they own CCOP shares of common stock by 4:00 pm Eastern Time on November 10th, 2017, but not after.
Wytec International is engaged in the 5G telecommunications race utilizing its network technologies in 5G network operations. Most recently, Wytec has received a "notice of allowance" from the United States Patent and Trademark Office (USPTO) for one of its key 5G technologies. The 5G race will include a multitude of existing and future technologies capable of supporting the much talked about multi-trillion dollar "Internet of Things" industry. To accelerate the commercialization of its 5G technology and network infrastructure, Wytec has launched the first of four operating divisions targeting high-growth customers in the small and medium size business market. Additional divisions to be launched will address the enterprise business market, cities and municipalities and a fourth wholesale division directed to telecom and cable carriers seeking to offer a white label 5G wireless Internet "failover" solution to their primary broadband services. This vertical integration offers Wytec International multiple growth paths for the future.
Wytec has raised over $17 million in capital funding for the development of 5G technologies which are just now being utilized in Wytec's existing networks. These technologies have become the foundation for Wytec to continue as a leader in the 5G race and evolve into a major contributor in the telecom industry throughout the U.S. and beyond. Wytec is continuing to raise capital from the exercise of its outstanding warrants and plans to seek additional investment capital for its business expansion in the future.
To learn more about Wytec International and its technologies, contact tellis@wytecintl.com.
About Wytec International, Inc.
Wytec, previously a subsidiary of Competitive Companies, Inc., was founded in 2011 as a Nevada-based corporation with corporate offices in San Antonio, Texas. The Company's primary business focus is developing next generation fixed and mobile wireless broadband technologies in support of the upcoming 5th Generation (5G) Networks designed to supplement the current 4G LTE Networks. The International Telecommunication Union's standards are aimed to support a minimum of one gigabit of data transfer to fixed and mobile wireless end users, utilizing a variety of licensed and unlicensed frequencies for hand-held smart devices such as smartphones, laptops and tablets. It is also designed to support Machine to Machine (M2M) applications and high-speed services included in the upcoming "Internet of Things" mobile data marketplace.
Forward-Looking Statements
This press release contains statements that are "forward-looking" and are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 and federal securities laws. Generally, the words "expect," "intend," "estimate," "will" and similar expressions identify forward-looking statements. Since forward-looking statements address future conditions, they involve inherent risks and uncertainties. There is no assurance that any results expressed or implied by forward looking statements will actually be realized or accomplished. Actual results in each case could differ materially from those currently anticipated in such statements. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made.
Contact:
Tina Ellis - Investor Relations
210-233-8980
tellis@wytecintl.com
No problem. Just passing on info from the latest SEC s1-a
Now if the price will be allowed to move above .03 we might see some people start to take interest
Thank you ulu for the info. Hope for more days like today.
Q: What is the record date for the Distribution?
A: CCI will designate the close of business as of 4:00 PM , New York City time, on November 10, 2017 , which we refer to as the “Record Date,” as the record ownership date for the Distribution.
Q: When will the Distribution to holders of CCI common stock occur?
A: The Distribution will be effective as of 4:00 PM , New York City time, on November 20, 2017 , which we refer to as the “Distribution Date.” On or shortly after the Distribution Date, the whole shares of our Common Stock and Warrants will be credited in book-entry accounts for stockholders entitled to receive those shares and Warrants in the Distribution. See “Questions and Answers About the Spin-Off—How will CCI distribute shares of our Common Stock and Warrants?” for more information on how to access your book-entry account or your bank, brokerage or other account holding the Common Stock and Warrants you will receive in the Distribution.
Put this on your watch list VRML...vermillion
The other one should do even better in the long run. Congratulation on your purchase. GOOD LUCK!
Followers
|
37
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
6143
|
Created
|
02/22/06
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |