is...not in
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It's getting close to January 9th and we have yet to see Simmonds reschedule NLI's "annual" company meeting. Do you suppose they're actually planning on holding it this time?
It'd be much appreciated if Aletheia1, or one of you other local Canadian-folk, could sneak in and report back.
http://www.marketwire.com/press-release/newlook-shareholders-meeting-rescheduled-cnsx-nli-1586693.htm
I definitely understand where you are coming from, but in this case, I'm not entirely convinced the liar is Simmonds. It's just that the negative consequences are so much higher for him.
To the Tomassonis, this would be more akin to a white-lie. Perpetuating this idea that they are the sole owners is probably essential to their "key customers and suppliers" during this critical time. And if the lie is discovered, the fallout would be minimal.
If the liar is Simmonds, it would be very close to a criminal offense! Yet what he gains from this lie is practically inconsequential! Seriously! If the liar turns out to be Simmonds, then the only conclusion one could draw about him is that he is a f@cking moron! And definitely not fit to be CEO anything!
Also, does anyone know if Simmonds is using a new email address? Or is he still responding to jgs@fanocorp.com?
You know, I just don't get it...
The Tomassoni letter asserts unambiguously that Newlook does NOT own any Fanotech shares:
Having said that... It's also not unreasonable to think that the Tomassoni family may have judged their business as being worth more than it realistically is... And therefore they may not have responded favorably to JS's valuation, causing JS to take more aggressive measures. I'm sure it's hard to consider selling a stake in one's long-standing family business.
I look forward to learning the truth behind this deal... But I suspect I never will.
Now they've removed all (but one) of their tweets and nearly everything from their facebook wall... I wonder why.
http://twitter.com/#!/nowphit
http://www.facebook.com/nowphit?sk=wall
See, that's why I copy-paste the entire text and not just the link... Within days of my posting this, the kid pulled down his work related to NowPhit. This removal of web-info seems to happen quite often with Simmonds companies. Luckily, it appears his blogspot stores the hotlinked screenshots in a way that prevents their removal.
Just remember... The story the Tomassoni family presented is almost identical to the story we've observed over and over with JS. Considering this fact, I'm reasonably confident that their side of the story is pretty close to the actual story. I am NOT looking forward to the bullshit JS will likely spin as his "side of the story". Like in the past, I expect that his side will damage his credibility further. Remember the embarrassment that was his response to the Copernic situation? Copernic handled that very professionally. JS DID NOT!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50950724
Though you are right, if JS was able to pull off his ruse, we'd likely be commending his actions... The thing is... He did NOT pull it off. He failed like he failed many many times before. The only times I can think of when he was actually successful at pulling off these scams, is when he pulled them off against us, the shareholders of WLSA.
Do you actually think we are going to believe that our Simmonds would ever use underhanded, immoral, and borderline illegal techniques in an attempt to acquire an entity for far less than its actual value?
Actually, that sounds exactly like our Simmonds.
Thanks for posting that. Their Christmas letter answers more questions than any PR Simmonds has ever published.
stocksurf15, or anyone else... FYI... If you ever want to send private messages on IHub (or make searches, etc.), they make it possible between the hours of 4-5pm on Friday. IHub offers what they call "happy hour" during that time every week. I've thought about using it, but can never actually get my timing right.
With all due respect... If our CEO was submitting financials on time and was providing honest and consistent information(good or bad) as soon as it becomes available, then I would be defending him regardless of the share price.
But the truth of the matter is... He is not! And the market is responding.
Do you remember what I said back on November 9th, when the price was 7.9 cents a share? I said: "I hope Simmonds realizes that since he started these monthly revenue updates, there is now reasonable expectation that he continue the updates, even if numbers haven't improved. If he starts skipping months just because they show a downturn in sales, people are going to be pissed, and any inkling of confidence people may have gained in him will vanish!"
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68841694
Well Simmonds chose to skip two months of updates, and I believe that a direct consequence of this, is that people are pissed! And any inkling of confidence people may have gained in him, is rapidly vanishing.
One doesn't need to "believe" too much in the company to purchase shares at 2-cents. I'm actually quite jealous of the person who was able to get 150k+ shares at that price... And I'm even more jealous of the MM who was able to buy those shares at 1.1-cents and then immediately sell them at 2-cents... Some of us have been waiting nearly a decade in the hope of getting 100% gains in this stock, and that MM achieved that over the course of a couple hours. This is what really annoys me about JS's "management" strategy... He continuously rewards the flippers, and perpetually screws the longs.
As negative as I often appear on this board, I'm secretly an optimist (which is why I've stuck this out for so long), and I really don't think things are as bad as they seem.
I'm thinking (hoping) the current price has more to do with investor emotion (and the fact that a lot of people have been paid in shares), and less to do with an actual collapse of the company.
I agree that JS appears motivated solely by his own greed and couldn't care less about investors. But, I suspect the latest drop has surprised even him and will hopefully make him wake up and realize that he needs to start acting like a manager (if for no other reason, than to preserve his personal investment).
I believe DouG's prediction that Simmonds will provide some sort of company-update by the end of the year. And while I have no doubt this will raise many new questions, I also think it will result in at least some bounce in the price.
I'd love to see our website "provide investors with easy access to key information including current news and events, corporate governance and regulatory documents, stock and financial data, and other shareholder resources."
http://www.marketwire.com/press-release/wireless-age-rolls-out-new-website-pink-sheets-wlsa-1547634.htm
A Q&A section would be ideal. Maybe if Simmonds actually provided truthful answers this time, he wouldn't have to pull the Q&A down and deny it ever existed (like last time).
fliier, just for the record, we don't attack sun because we necessarily think he is wrong (except on the occasions when he lies about easily verifiable facts, which is quite often). We attack sun because his primary motivation for posting is to piss everyone off. If he could post his negative commentary without being such a dick, then we would welcome him into the conversation, but he is either unable, or unwilling to do that.
Chiroman, the reason we had such a high earnings per share number this quarter is because we recorded as "profit" the $5,708,694 we stiffed our receiver... So it isn't money we earned, but rather, it's money we didn't pay since we're deadbeat jerks.
I'm happy Simmonds was finally able to get our numbers out. They don't seem too bad to me... We appeared to be getting very close to profitability... However, we still don't know what happened to cause JS to cease all communication through October and November. Hopefully our next PR will shed more light on that.
My only complaint on the filing is that the revenue numbers aren't even close to matching up with the numbers claimed in the PRs. The October 6th PR stated that by September 30, we had "YTD revenue over $8 Million", but the filings put YTD revenue at $4,913,233.
Does anyone have any ideas of what might cause this $3 mil+ discrepancy?
http://www.marketwire.com/press-release/wireless-age-announces-combined-september-2011-revenue-numbers-pink-sheets-wlsa-1570183.htm
Yes, I believe you heard that from me :
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69506380
Though until Simmonds specifically informs us about what happened to NLI's 10% ownership of Fanotech, and our "Licence to Manufacture and Market Fanotech Products Into USA", I don't think it would hurt to follow the company a bit longer.
Fanotech restructuring plan expected in January
Fanotech Enviro Inc. has been given more time to craft its restructuring plan, which it plans to present to creditors by mid-January.
With owner and founder Gabe Tomassoni having filed a voluntary, official Notice of Intention to Make a Proposal (NOI) at the end of October, the company initially had 30 days to create a proposal for third-party trustee Perry Krieger of BDO Canada Limited in Richmond Hill to inspect.
Due to the complexity of the paperwork involved, a great deal of it done manually according to vice-president of sales Lisa Tomassoni, and Fanotech’s desire to ensure the proposal is as strong as it can be, it was given an extension until just prior to the new year. She added that a proposal for its creditors is almost complete and should be to the trustee "for final tweaks" later this week.
Once the proposal to restructure has been given final approval and any necessary modifications are complete, she said it will be presented to a meeting with Fanotech Enviro Inc.’s creditors, likely before or right around Jan. 16.
"We’re still working on our proposal but things are coming along as they should be," she said.
The NOI, which only affects Fanotech Enviro Inc. and none of parent company Fanotech Manufacturing Group’s other holdings, "was a protective measure and a way to strengthen the company," Lisa Tomassoni explained.
"We’re sifting through the work and although a lot of it is slow going, we know how to fix it and it’s coming along very well," she said. "We’re still working to ensure we restructure and come out stronger to continue on and grow. This is an administrative thing we need to complete to do just that."
Tomassoni added that otherwise, work at the Bracebridge plant is "business as usual" and that they’ve been able to rehire several employees previously laid off, adding to its complement of between 70 and 80 local workers.
"We have great people here," she added. "They are our No. 1 concern."
Fanotech makes mobile products for the waste industry, including vehicles, bins, loaders, dumpsters and other waste-related metal products. Its Bracebridge plant is located on Keith Road.
http://www.cottagecountrynow.ca/news/article/1263495--fanotech-restructuring-plan-expected-in-january
I haven't seen Brad for quite some time. I wonder if he is finally done trying to spin anything for the company.
Which again raises the question... What exactly are you contributing to the board, which hasn't already been said 10 times better by other people?
I guess you do provide updates on the low-of-the-day, but again, that's a service already provided by the stock quotes.
Sorry, I'm still trying to figure out how exactly you are "helping investors"... All I see is attempts to annoy investors... And really, that's not the same thing.
Did I miss something? I can't keep up... Though, maybe that's the point.
Does anyone know what this "Joint-Venture and License with a Toronto-based direct sales company" is? Is that the Distribution Agreement we entered into in the July 19th PR?
http://www.marketwire.com/press-release/wireless-age-enters-into-distribution-agreement-pink-sheets-wlsa-1539825.htm
In any case, don't understand how selling our license for the "sale and finance of home energy products" does anything to "provide WLSA the opportunity to expand its platform in home energy services"... If anything, it seems that would reduce our "platform in home energy services".
And does anyone know how much was originally paid for our "acquisition" of OC Communications?
The only statement I could find on the matter was from the August-4 PR, which said: "The share purchase which took place in January 2011 was funded by Newlook Industries Corp. (CNSX:NLI) ("Newlook") as part of an overall debt settlement between Newlook and Wireless Age".
http://www.marketwire.com/press-release/wireless-age-communications-acquires-oc-communications-group-pink-sheets-wlsa-1546330.htm
I'm bored, so I'll throw out another conspiracy theory...
We're all assuming that JS's latest silence is a result of problems with the company.
But here's another possibility... Maybe JS's latest silence is a calculated decision to avoid problems for the company...
I mean, I'm sure there are people out there who have felt cheated by JS's past dealings. Given this history, it may not be the best idea for him to continue advertising million-dollar monthly revenues.
A better choice would be to quietly reinvest this money to grow the company, avoiding any major publicity, until we can afford some decent lawyers...
You know... Lawyers we don't have to fire, and then bicker with on IHub.
Unfortunately, the company removed the word 'early' from their outlook statement.
Their original statement read: "Products are currently under development and are expected to launch in early 2012"
Their current statement reads: "Products are currently under development and are expected to launch in 2012"
http://interamericangaming.com/about-us/
I'm happy to see that Enwise's website is back (at least for now)...
And with a new little promotion, and another extension of some rebate.
http://www.enwisehomeservices.com/Promotions
http://www.enwisehomeservices.com/announcements/opa-extends-rebate-program
I'm suddenly finding it disconcerting that lately... The Enwise website has been down more than it's been up.
http://www.enwisehomeservices.com
LOL, See Simmonds!
This is why a "CEO" should communicate with his shareholders... Because otherwise, they start to contemplate the possibility that the company has lost everything.
But really, we haven't... Have we?
Hopefully we still own Enwise.
And where IS dumar? He seems to have changed his name and disappeared...
I wonder if he knows something, which I do not know.
Either the numbers in NLI's filings are completely wrong (which would actually surprise me).
Or everyone slated to get those shares, have since backed out of their respective deals (which actually would not surprise me).
Or I've completely missed something (which also would not surprise me).
Come on Simmonds! This is why we need you to do your job and submit our filings already!
I can't figure out why those numbers are what they are in NLI's latest report.
According to the report, they own 2,078,739 shares.
Per NLI's latest report, NLI currently owns 2,078,739 shares of WLSA.
If JS really wanted to reward the long-term holders, he would keep our financials current, and he would provide honest and consistent information (good or bad) as soon as it becomes available.
If JS really wanted to reward the long-term holders, he would NOT provide bursts of exciting information, followed by extended periods of complete silence... This strategy does nothing but reward the short-term traders, at the expense of the longs.
And I believe the acquisition he is referring to, is that between Newlook and Fanotech. I didn't see any mention of Apollo in those filings.
It's still strange that they didn't issue a PR containing both October revenue, and a realistic estimate of when the filings would be out.
I really don't like this unprofessional stuff. Treating investors like this is simply rude... And is EXTREMELY damaging to what remains of investor confidence!
Seriously! Haven't investors been through enough already, without then failing us on basic communication?
Do you know Simmonds ended our updates? Unless we really had zero-revenue for the month, I don't think that was a good choice.
I'm not quite sure what that is... But unless Simmonds starts becoming more forthcoming with his information, I don't think additional "awareness" channels is going to help much.
So, did JS give any hints as to why he isn't doing anything about our current situation?
Thanks for the reply, and I understand your perspective... But do you understand ours?
If there was anyone completely deceived here, or anyone hyping or lying about the stock, then your presence would create essential balance... But... There's no one here really even supporting the stock.
Have you not looked around lately? Edward's gone, Dumar's gone. God's gone. The only people left, are the old critics & skeptics, combined with some new critics & skeptics.
I'm the only one left debating you... And it's not because I necessarily disagree with you... It's because that's what I do with everyone.
And it's not like we're even asking you to stop providing your input and criticism... We're just asking you to tone down your repetitive & misleading statements, and your "I told you so" statements... Because those really aren't helping anyone.