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Who do you trade through if I may ask ?
If there is a chill - how can anyone buy those shares ?
He has done nothing per the City of Palm Coast Permitting Dept. on that store since 8-9-12 ...he failed 2 inspections ..so if the wireless backhaul network with 7 wireless sites is being installed and ready to go soon (announced in August 27 PR) how can you run the supposed network if your not even allowed to open the front door and legally inhabit the space it exists in ?
So really I dont even need to drive up there to see - city permitting shows the "corporate retail location" cannot be opened. So there is traceable third party proof.
From the permitting dept : last entry on the space
"08/09/2012 - THIS IS A REINSPECTION
Inspection Resulted at 8/9/2012 3:01:33 PM
NEED TO PULL A PERMIT TO SHOW ANY WALLS OR COUNTER SPACE BEING ADDED BEFORE OCCUPANCY CAN BE FINALED"
[/b
The Company has recently completed a fiber backhaul installation at the corporate retail location in Palm Coast and will be installing new revolutionary advanced technology broadband equipment for testing.
Inspection History HELP
Type
Request Date
Result
Inspector
Notes
BUILDING FINAL
8/9/2012
Disapproved - NO FEE
CMINI
View Notes
FIRE FINAL
8/9/2012
Disapproved -FEE REQUIRED
JHINDMAN
View Notes
UTILITY COMMERCIAL FINAL
8/2/2012
APPROVED
DSPENCER
BUILDING FINAL
8/2/2012
Disapproved -FEE REQUIRED
CMINI
View Notes
FIRE FINAL
8/2/2012
Disapproved -FEE REQUIRED
JHINDMAN
View Notes
BUILDING FINAL
View Notes
FIRE FINAL
View Notes
Fees & PaymentsHELP
Description
Amount Due
Date Paid
REINSPECTION FEE
$40.00
8/7/2012
REINSPECTION FEE
$40.00
8/7/2012
SURCHARGE - BUILDING CODE FUND
$2.00
7/27/2012
SURCHARGE (RADON)
$2.00
7/27/2012
SITE PLAN 20
$20.00
7/27/2012
PERMIT FEE
$50.00
7/27/2012
FIRE INSPECTION FEE
$25.00
7/27/2012
BUILDING DISCOUNT 90%
($45.00)
7/27/2012
REINSPECTION FEE
$40.00
1/1/0001
]
I will be the axxxxxx here ...On second thought.....
I will drive up to Palm Coast and take dated pictures of the wireless network that is going online soon. 7 sites was it.
Then I will take dated pictures of the OTOW storefront in European Village that is open per the pr.
Then I will video myself calling the OTOW card / call center that is open and staffed per the p.r. and try to order a card ......
See where I am going with this ........
PLZ I think this is the final kick in the teeth here .....I have to agree on each and every point you state ....and additionally too many "gonnas" - forward looking horsexxxt ,nothing 100% completed or implemented as the numbers in the prs projected.....As usual we wont get the full story on why we are chilled AGAIN ....I am not going to even waste my time driving up to Palm Coast to see if there is any progress on the wireless implementation "SUPPOSEDLY" going on up there as pr'd . I think we all know the answer to that ...all it would take is a few photos posted to Facebook to appease people, show some equipment and he cant even seem to do that .....
I am labeling myself 100% a sucker and cleaned out -I will lose a ton here .... time to start looking at dumping and at least getting a small tax break - which I believe is maxed out at a paultry $1,500 bucks as I recall.
Tomorrow we will get the obligatory / apologetic - "we are working on the DTCC issue and things are just peachy here at OTOW ,on time, per schedule, per contract, we will rule the wireless world soon etc...
A spade is a spade .... You cannot polish a turd.
C H I L L From TD AMERITRADE this am 10-18-12 ....
"Order cannot be processed due to a DTC chill restricting the ability to transfer a security and settle the trade."
Syn and others I stand corrected and I am sorry - I read that document incorrect late one night ......wow thats quite a bit of change to have in Vals hand............ufortunately I have flipped over to the dark side for now ....I have prety much written this one of as a HUGE loss to myself - big mistake .....
"Funny that we get "approved" for 50 million in equity financing but file a form D for 500k."
Uh read it again it was for 50k not 500k and he only sold $39k worth .
Last time I checked 504's are legal per sec and you can raise up to 1 million with them if you properly file which he did - he only got a fraction of that ....just be glad he got "someone" to buy in... as far as AGS being the recipient of these after analysis I dont think we are going to get a dime from them...every company I have read that was to receive funds from them - it never appears on their balance sheets from all the financials I have read...I think it was a buxxxxxx move. I hope I am proved wrong.
SO HE GOT 39k DOLLARS THROUGH A PERFECTLY LEGAL AND FILED 504 AND NONE WENT TO VAL AS THESE GUYS WILL CLAIM
"
16. Use of Proceeds
Provide the amount of the gross proceeds of the offering that has been or is proposed to be used for payments to any of the persons required to be named as executive officers, directors or promoters in response to Item 3 above. If the amount is unknown, provide an estimate and check the box next to the amount.
$ 0 USD
"
I would think someone with 39K laying around to drop on a penny stock is a pretty smart fellow - liked what they heard and bought in.
~ $40,0000
Last one out dont forget to turn out the lights.....
Val usually doesnt make mistakes in his grammar in these prs that I recall ...so I find "a" companies S1 filing interesting........ fwiw.
"Additional details of this financing will be disclosed in a Company's S-1 filing."
Read post 62581
I like these latest pr's ...buying a controlling interest in an existing operator
" By working with a company that is fully operational. This company not only has an established reputation and strong existing consumer base, it has forward-thinking management and up-to-date core infrastructure services. We are confident that the new arrangement will bring significant benefits for both parties and ultimately establish a solid presence in the territory for us," states Val Kazia, CEO of O2 Secure Wireless.
In other company news, the review of the branded O2 mobile phones is continuing. We have successfully enabled and tested the device on the top four carriers by exchanging the SIM card within the device. This proves that the portability of the device is assured. CEO, Val Kazia is utilizing this phone exclusively for all company business and is extremely excited about its prospects to the worldwide consumer. This prototype smartphone is as good as any phone I have ever purchased or used and when the final product is delivered with our recommendations, the phone line will be competitive with any smartphone on the market. The product line is still expected to be available during late Q4, 2012.
Now step back .....in your right mind would a scam artist put so much "detail" into prs if he wasnt telling the truth ???? You either believe or you dont simple as that .
"Additional details of this financing will be disclosed in a Company's S-1 filing." ;) ;) ;) .
Those are the engineering renderings of the tablet and pad device ...see my avatar ......Val supposedly has the phone in hand and is testing it.
No prob...its alot to take in ...bottom line IMO this is probably the best type of financing deal you can get for a pink because you can back out at any time, if for instance you get a better deal on the table you can do it or EXIT if someone wants to come in and buy you out etc....
If you read some of the other posts from your buddies a few of those companies never got the financing from AGS even after their announcement was made - the money never materialized for them ..... so you cant blame AGS for their declining performance at all......keep trying...progress is coming.
If you read the pr he doesnt have to take it all at once - VAL decides how much / how many to sell based on need. Its sold to them at a discount and they have to hold them for a certain amount of time before they can sell the shares.
The most important thing to me on this is someone else on the outside looked at Vals plans , liked what they saw and agreed to give him money - take an equity position in this co. You dont take an equity position unless youare pretty damx confident the pps is going to go up .....that to me is what is most important about him getting this deal / money.
With this type of equity financing thats what you do....you sell shares to the lender at an agreed discount during an agreed term...so of course its going to go up......read about REF financing.
Lets see - the incorrect list as far as I see it ....
We will never get financing or a loan(AGS 50 million in process)
We will never get the DTC chill lifted (lifted)
We will never have a retail storefront (there but not open yet)
We will never get O2 prepaid debit cards up and running (running)
We will never have phones to sell (in test)
We will never have pad devices to sell
We will never do anything in the D.R.(50% bank,m.o.u.existing cable operator)
We do not have any FCC licenses (we have several -at least 12 verified )
We do not have a guy at the helm that knows what he is doing .....
Incorrect Chuck, restricted stock - min 6 months to hold before you can sell , a full 12 months to hold if you are non reporting.......
If the lender makes it a requirement that the co they lend to has to be fully sec reporting (to protect their interests) then wouldnt you jump through hoops to get your status changed to get fully reporting and get the cash .....hmmm I think that would possibly telegraph something else in the works (nah Vals never done that ) ... we are talking about 50 million here and not a loan from ones "uncle" .........
Lerx that issue was how that company worded its press release which stated they had gold "resources" in hand - which they did not - .....it had nothing to do with AGS Capital Groups lending to the co. .......so there is no relevance in your posting implying AGS did something wrong in that situation. Here is that co's press release correcting the issue- guess you didnt see this.
Clarification of the Status of Gold Estimates for the Siguiri Property
June 23rd, 2012 by admin
CHEYENNE, WY, June 22, 2012 (GlobeNewswire) – Strategic Mining Corp (the “Company”; OTCBB: SMNG) announces a clarification of potentially misleading wording used in its press release dated May 24, 2012 and titled “Strategic Mining Corp. Achieves $5 Million Reserve Equity Financing from AGS Capital Group.” In that press release, the phrase “development and production of the placer gold resources already identified by past efforts” was used and incorrectly implied that compliant gold “resources” have been defined for the Company’s Siguiri property in Guinea. Under NI 43-101 and CIM guidelines for defining mineral resources and reserves, the term “resource” only can be used for resources where quantities, grades, and classifications have been determined through sufficient geological and engineering examinations and estimation of such resources. The Siguiri property does not have historical resource estimates and has not had sufficient work performed on it to support compliant resource determinations for placer gold occurrences. There are areas of past and present artisanal workings in alluvial gold occurrences within the Siguiri property. However, these placer occurrences have not been sampled or otherwise investigated sufficiently to define compliant resources. The Company plans to perform additional exploration work on the Siguiri property in 2012 to better delineate gold deposits.
R.E.F.S. financing , and how it works- pretty smart way to get money yet maintain control and the ability to throttle things as necessary.....do you guys really think AGS would invest in a "scam" with a "clown" ceo and buy its shares if they thought they would go down ????? ......Anyway here is how the financing will work.....
The Reserve Equity Financing Solution
is a niche alternative equity financing tool often used by small and mid-cap companies. Simply described, a REF allows a company the right, but not the obligation, to sell shares of equity in tranches over a defined commitment period. This allows the company to raise capital by selling shares as needed or when market conditions are favorable. Additionally, the company may negotiate a floor below which stock cannot be sold, providing a safety net during a downturn. The investor is obligated to buy shares under the agreement regardless of economic environment and companies can cancel the REF at any time without additional cost. The obvious benefits to the REF are the flexibility to raise funds in incremental amounts and to increase a company’s shareholder base in a controlled and measured way. In addition, as discussed further below, both the fixed and variable costs associated with entering into a REF tend to be lower than those associated with other means of capital raising and tend to put fewer restrictions on the issuer; thus, simply having access to the REF offers companies a competitive edge. The REF can be used by companies located in numerous countries including but not limited to: Australia, Brazil, Canada, Germany, Israel, Poland, Scandinavia, Sweden, Singapore, South Korea, United Kingdom, United States, Vietnam, Western Europe and other countries.
When negotiating a REF, the investor works with the issuer to structure the transaction to ensure flexibility and fast access to capital. The major factors that are considered when putting a REF in place include:
There were some really strange sizeable sales throughout the day in 10 million qty chunks -go back and look...several 10 million trades for -.0001 less than the current ask was ?????
Can anybody explain that apparent manipulation - or is there a reasonable explanation for that activity ?
Lets see T-trade activity after hrs ...someone report on those figures please...I predict a few .....
He sooo telegraphed todays news on 8-24....
"8:00p ET August 24, 2012 (PR NewsWire) O2 Secure Wireless, Inc.
"There are solid plans in place to achieve all that we have worked hard to accomplish. It's time to set the wheels in motion now that advantageous funding opportunities have become a reality for the Company. We are very excited with what has been achieved in this respect. Announcements will be forthcoming." stated Val Kazia, President, O2 Secure Wireless Inc. "
So he boldly told us - hey I got money with good terms , its a done deal , lets roll....I bet alot of us wish we had accumulated more in those following days ........
Bulls had a buy on this days ago..those guys over there always seem to be in the "know" ???????????
Playing Monday morning quarterback here.....
"This funding is over a period of three years, which gives us appropriate equity-based financing when we require it."
So I guess the increase in the AS was primarily to pay for this equity based financing....
What does this tell us common guys here ...that the financial gurus probably smarter than us- looked in depth at Vals plans over the next 3 yrs and said hmmm we could make some money here ......loans from banks - entities are extremely hard to secure in this economic climate as we all know.
So this speaks volumes and indicates more than just a simple loan was secured - they bought into his detailed business plan , did extensive DD , and were happy with what they saw....
Leveraged licenses in DR valuation = 36 million, + 50 million dollar loan announced today, +50% equity stake in bank in Dominca set to close in 2012 - equity 50% of $$$$ deposits on hand ?????? Pretty quickly would add up to near 90 million in the channel....ADDITIONALLY if he secures USDA = +33 million USDA +90 million = 123 million....say for whatever BS reasons he gets half that - we are at 61.5 mil.
OVER 200 MILLION traded today
50 million in secured financing announced today "OTOW" ......
Stocker in jest I say "says you" lol.........
60 million shares - 4 minutes !!!!!!!!! Nice start
YEP .....GO OTOW GO OTOW GO OTOW GO OTOW GO OTOW GO OTOW!!!!!!!!!
Regardless, the word should get out we finally got our elusive capital infusion / money ......I personally dont believe the short conspiracy -hey if it comes today or in the next few days FINE ...I am banking on a new crop of investors coming in and taking us back up the ladder quick - they will make a killing getting in at these levels ....some have been saying this is the 1 in a 1000 "for real" penny all along...so regardless of what happens today the company will continue to make strides and build itselfout and its services ....we have a 50% equity stake in a bank deal in the D.R. closing before years end,fresh wireless products to sell, services to sell,a wireless network being installed in Flagler that will cover Palm Coast , Bunnel and an area known as the Hammock...as you know the wireless backhaul is already in place and connected to the city of Palm Coasts fibernet network ....... good times nice xmas presents for all coming .......
Why the change of heart Lerx ?
MONEY IS HERE GO OTOW !!!!!!!!!!!!!