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So much for the prd call center . FACTS you stil can get the card here https://e-moneycard.net/o2usacard/get_a_card.htm
Im here but unfortunately I am entrenched in the gloom and doom camp....but yes things COULD turn around on a dime...Val I still believe is clever.
My prediction is this thing is alive and thriving or COMPLETELY DEAD within two months . Might as well try and spend spend spend to try and get this done.....rather than linger - limp along for another 3-5 months....... .
I am still here EMZ after 2 years - too late to sell anything so it would appear right now I am going down with the ship...I met the guy , talked to him personally and believed every single thing he has / was saying in prs along the way and defended him with facts - not assumptions on my part ...I found - find him to be quite honest....I consider myself a pretty good reader of people when I meet them ...so either I am the biggest sucker in the world or Val pulls this off asap...if the price avalanches down in the next week or so I can assure you "it aint me " its simply too late for me to get out but I think people are headed for the exits here quite frankly .......there comes a time when someones intentions may be 100% honest- pure but in business you have to judge their performance eventually - that unfinished list is 13 items long - that no one can dispute and thats why we are in the shixxxx ......nice guy - but he isnt getting it done quick enough. Nobody freak out - but I would expect accelerated dumping of co shares in the coming weeks in order to try and get this co. up asap. JUST MHO and no I havent talked to Val. Ps city permits this a.m. say the store failed its final inspection....something about walls and counters - there has been no reinspection date filed as of yet , looks like there was a fire extinguisher issue as well (easily remedied I would imagine ) .....so more delays that look like they are not being expeditiously jumped on -sos par for the course here ......looks like the O2USA webite is down as well - someone double check behind me please.
STORE EXISTS (not open)
O2USA PREPAID DEBIT CARDS EXIST
GO OTOW
Fink were you allocated any funds ? From my reading of all the submitted applications over the last couple of years and approvals its VERY tough to get those USDA funds in the first place .....
Me personally - I havent bought a single share in 6 months and do not intend to even if they go to .00001......its time to produce "something" with revenue. I could give a dxxx about the next pr its "show me the money" time...... yes you could say I have flipped on my outlook here.....
365,000,000 to go folks.....sink or swim time i predict mass exodus over the next week...it is what it is..........
I dont agree , I think its just been a series of poor execution and endless delays ,,,,,,,progress is being made albeit at a snails pace ....I think he should have brought in more help to expedite things along WHICH WOULDNT HAVE COME WITHOUT DUMPING MORE SHARES which everyone is already griping about (except me ) I would rather go down spending. With 440,000,000 left and our current share burn rate - its time to SIMPLY produce or at the tail end of the co shares left in the kitty we are headed to a R.S. as a survival tool. With that store about to open or "open" our share burn rate will go up IMO unless the cards and retail revenue (phones pads) are enough to keep it going until we get "THE CHECK" from someone..that is as dark, blunt and as simple as it gets here IMO.
Store Exists
O2 Secure Prepaid Cards Exist
GO OTOW
Couldnt the AS go down to 1/4 with the swipe of a pen and a 4:1 R.S. ? If this keeps up thats where we are headed IMO .
So a million shares in your stash today becomes 250k tomorrow but worth 4x the current pps .
I disagree : the retail store was purchased, I have visited it and took a picture. The O2 secure Wireless cards are in peoples hands and people are using them.
So work the list down to the 13 legitimate gripes you have and we are good.
THANKS LERXST SO PLEASE LETS AGREE AND REMOVE THAT ONE...and really we are at 13 because the O2 secure card does exist as well and is out there in peoples hands - people spending with them ...someone even reported a revenue figure here - how they got that figure I cant tell you .......SO LETS GO WITH 13 - yes Pathetic but lets scratch those 2 off please.
Stocker the answer was : the retail location exists, was purchased , is in O2 Secures name and has a c.o.o. issued by the city - NOT THATS ITS A STORE THAT IS OPEN FOR BUSINESS - TWO SEPERATE ISSUES .....I visited BEFORE he had his certificate of occupancy...... ..places like Euro village have rules until you are open you have to board up your windows which is what I saw AND REPORTED HERE NOTHING TO HIDE .......I am not defending him hes late again on opening s.o.s. - BUT THE RETAIL SPACE NOT EXISTING IS A LIE - I HAVE BEEN THERE - HAVE YOU ?
He prd he was buying our first retail location last year , he did purchase the retail space at European Village , EVIDENCE is the tax property records show its owner as O2 Secure Wireless, EVIDENCE it has a certficate of occupancy issued by the city of Palm Coast 7-27-12 , EVIDENCE I visited it on 7-20-12 ..EVIDENCE I took a photo of it - it is painted O2 Secure Orange on the outside , EVIDENCE it is my avatar pic , .....now I have repeatedly told you these facts on the retail space, so are you spreading misinformation on purpose about the retail space or do you still not believe these facts ? At least scratch that one off the list the RETAIL LOCATION MOST CERTAINLY EXISTS but apparently isnt open yet .
"Also, we had $1200.00 in revenue from the cards 1st quarter." ...did I miss this where did that figure come from ?
Nothing....I checked Sec , Edgar nothing......
That usually means an uplisting ......lets do some digging ......
Reverse splits
Lets not forget reverse stock splits can be executed in multiples 2 :1 , 4:1 , 8:1 , 20:1 etc......So the share count immediatley drops and you have some fraction of your shares when its completed. So literally with the swipe of a pen the 1.5 billion shares everyone has been talking about about would be dramatically reduced to "X" overnight.
So for our example our .0005 today at 20:1 RS would be .01..VOILA we are at a penny with only 75,000,000 shares outstanding BUT you would own 1/20 th your current share count....article below mentioning success stories with RS ...
http://seekingalpha.com/article/259359-some-reverse-stock-splits-actually-do-work
From Wiki
As an example of how short splits work, ProShares Ultrashort Silver (ZSL) underwent a 1-10 reverse split on April 15, 2010, which grouped every 10 shares into one share; accordingly, this multiplied the close price by 10, so the stock finished at $36.45 instead of $3.645. On February 25, 2011, ZSL had a 1-4 reverse split (every 4 shares became one share, which multiplied the close price by 4, to $31.83). Because of these two actions, one share of ZSL as of February 26, 2011 represents 40 shares of ZSL before April 15, 2010. These splits were necessary to maintain the price of the fund, whose value fell 90.2% from April 15, 2010 to April 21, 2011, and over 98% since December 3, 2008. Had the reverse splits not taken place, ZSL's closing price on April 21, 2011 would have been $0.3685, rather than $14.74, or .3685*40.
So lets say avg .0006 = 60k in the last two weeks.....I would say that probably went to ....
Pay for the store renovations
Pay for deliverables inventory i.e. phones,pads
Pay for payments on the bank in DR
Pay for calling center staff
Pay for - hire Palm Coast Store staff
Pay for incidentals
Pay for equipment ?
I think we would all agree he has had bills , if anything I think this might indicate the O2USA card (in its infancy) isnt sufficient enough to float the biz fully right now....not making excuses just pointing out this cash had to come from somewhere ......
Im glad you "never touched this pos , knew it was a scam".
So say we go to .0001 and max out the share count ...then what does a ceo usually do in that case ? I am just asking as I want to know what options are available to a ceo at that given point.
My gut feeling here is Val has always appeared pretty crafty and intelligent and usually has a few things going he hasnt told us about yet......based on that---- he knows how many shares he has left and I am sure he calculated his burn rate to coincide with a bombshell announcement(s) with a cushion .........just my .02 cents and gut belief ....FWIW
That speaks volumes ........ I have found him to be very honest and he never hides from anyone it appears or fails to address tough issues brought up when asked. I also find him to be very by the book.
172k in revenue but we lost (138K) ......Lucy you have some explaining to do....... . Looks like they are burning through 25k a month ........
WELL said.
As of 7-27-12 the certificate of occupancy was issued by the city of Palm Coast for the store .....as far as I know the store is not open for business yet. Someone please correct me if I am wrong ..... I visited the store on 7-21-12 and it was not open. My avatar is a pic of the store taken that day.
Additionally I think he even said it in prs ...the store will be H.Q. for now and I would imagine the deployment hub for the cards ,phones , pads etc shipping to ???? Logic says if you have a call center active in the DR you obviously must have something near term planned to implement down there ..... Also he said he was going to try and offer the wireless services for Euro Village didnt he.....dont forget A LONG TIME AGO he was shopping in Vegas for tv content ~ 28 channels lined up or something like that was announced in a pr ......maybe that will be pumped through European Village from the store too ???? I dont know just guessing here ???????
So here is a great article on what Val is / was up against along with 100's of other microcaps when trying to get their chills lifted ....
"Nobody is against what the DTCC is doing and they are encouraging them to continue. The only complaint was the lack of communication to the issuer as to why the loss of eligibility. The DTCC stated that in order to protect the process from bad apples they were not going to coach them along creating a process of getting around DTCC chills. Essentially they felt by providing specific information it would be used by those who take advantage of the process to continue fraudulent activity.
Now, I have spoken to dozens of CEOs who have had their stocks chilled by the DTC. Their biggest problem is that when they do respond, they never hear anything back from the DTCC. It seems to most of them that the DTCC is stonewalling micro cap companies. One CEO told me yesterday that the DTCC’s mission is to get rid of all non reporting fully compliant micro caps… PERIOD.
I did receive a call from an attorney yesterday saying that the process of lifting a chill would take 6 months and it would not be cheap…
Ditto.....in the near term ALL WE CAN DO IS wait to hear what the revenue figures are from the O2USA debit cards ,get the O2 Secure Wireless store open - rolling - selling those announced OTOW branded phones - the branded ipad like device - whos arrival date is ????
Long term we all know we need either the big rural broadband financing to come through OR some other financing deal. Down in the DR I think he announced a possible bond deal months ago..dont know if thats alive or dead.
As far as the D.R. goes ...too many irons in the fire IMO ...I personally dont care about the "bank deal" because I dont know enough about it - for instance what is the time frame for making the last payment - then we own 50% of that bank then what ? Digame Cellular -just what is it going to take to get some level of cell service running down there etc...who knows - again we sit and wait thats all we can do .........
As far as Vals pr yesterday - my guess is hes got the DTC issue fixed or he wouldnt have telegraphed it like he did . So thats really good.
In closing IMO I just care about domestic operations - Palm Coast right now - get something up and running to produce revenue .
2400 whole dollars.....whooooo !
Newspaper picked up occupancy .......
http://www.palmcoastobserver.com/news/palm-coast/News/080520124932/Carrabbas-submits-city-development-application
Whats ironic is that 17 months ago and .0285 we literally had not a single material thing accomplished at that time ...now however we have prepaid O2 cards out there, a retail location purchased , that store about to open , a 50% bank ownership stake progressing - payments being made etc, branded phones on the way etc .....go figure.....
Lets work on "THE" list with both perspectives chiming in ......
1.) I think we can agree the store "highly desirable retail location" pr - was purchased (proof O2 secure wireless Flagler tax collector -titled O2 secure )
2.) Retail location open - has a certifcate of occupancy issued by the city of Palm Coast 7-27-12 . At this point to my knowledge the store is still NOT open- proof we can agree per photos by a few boardmembers. But obviously its close per cert of occ.
3.) I think we can agree a 50% stake was bought in "a" bank in the DR correct ? So we can scratch that one off too...per this old PR and the new one a few weeks ago claiming payments were " on time and per contract."
4.) O2USA prepaid card is out there ...several boardmembers bought and were issued the cards and took- posted photos here. So lets scratch that one off too.
5.) FiberNET backhaul contract in place with the city of Palm Coast - proof - city of Palm Coast accomplishments / public memo posted here by myself...scratch that one off too.
Old Bank P.R.
Puerto Plata Region
News / World News
O2 to acquire 50 percent of FI in Dominican Republic
By admin
Tuesday, August 24, 2010 07:01:50
St. Augustine, Fla., Aug. 23, 2010 -- O2 Secure Wireless, Inc. (Pink Sheets:OTOW) announces that the Company's subsidiary, Earthcom Service Inc. has signed an agreement to acquire 50% equity interest in a 30-year-old Dominican Republic Financial Institution, and is scheduled to close early September 2010.
O2 to acquire 50 percent of FI in Dominican Republic
St. Augustine, Fla., Aug. 23, 2010 -- O2 Secure Wireless, Inc. (Pink Sheets:OTOW) announces that the Company's subsidiary, Earthcom Service Inc. has signed an agreement to acquire 50% equity interest in a 30-year-old Dominican Republic Financial Institution, and is scheduled to close early September 2010.
This agreement is exceptionally advantageous for the company, since it will not only provide an additional source of revenue, but will also provide the company's customers with a convenient method for payment of communications services. The opportunity will primarily allow the company to simplify the payment process for its wireless, cellular, cable, residential phone and internet service clients by using a prepaid MasterCard/Debit Card product for customer payments, while simultaneously providing a new bank branch location wherever an Earthcom retail storefront is created, whereas the bank's credit card merchant processing system will utilize Earthcom's wireless infrastructure for processing transactions.
Currently, the merchant card processing services industry is dominated by two providers and with exceptionally high processing rates, while the MasterCard prepaid Debit card product is still a virtually unknown system in the Dominican Republic market. The existing cellular market is mostly all prepaid, which requires the customer to purchase minutes on a calling card or at a store, then enter the card information onto the phone before calling, whereby using a prepaid MasterCard the customer will no longer be required to purchase a card, but can instantly add minutes electronically with the MasterCard Debit Card. This type of payment will be unique to the Company, and therefore will attract customers since each customer will be issued a prepaid MasterCard/Debit Card for payment when they sign up for wireless services. The Card may also be used for purchases of goods and services at any location worldwide where MasterCard is accepted, including ATM machines for cash withdraws.
In addition, wherever Earthcom has established service coverage, the bank can offer wireless merchant processing services which will give the bank a strong advantage over its competitors due to its wireless infrastructure. In a market where expensive hardline wired communication is the only alternative option, the Company is in a phenomenal position to not only separate itself from the competitors by way of mobility and flexibility, but also by bringing a product and service to market that will surpass the current providers in simplicity, efficiency, and value.
Earthcom anticipates that there will be a high demand for the Company's services in light of the continually improving package and payment options. Earthcom believes that this move is supremely favorable in its strategy to gain market share by initially penetrating the cellular sector, in a market of approximately 8.6 million potential current cell phone users, then introducing other services, such as cable, internet, and home telephone, as its coverage area expands.
Earthcom Service Inc. recently announced that the company currently has assets in the Dominican Republic and is securing ground locations for the sites where the wireless facilities will be placed in order to provide coverage.
Val Kazia, President of the Company, stated: This acquisition of a significant portion of this financial institution will contribute greatly in our endeavors to modernize the cellular sector of the Dominican Republic's communications industry. With the robust versatility of our technology, now along with a simplified payment method, we are slated to offer a superior and cost effective solution, while offering a convenient debit payment system. Moreover, with the Company's acquired position in this bank, it is expected that the company will have opened an entirely new source of long term revenues for the company. With respect to depositors and banking regulations, we have withheld the name of the financial institution until the closing has been completed.
Great so can you officially remove that item from your list - the property is / was acquired by O2 secure wireless in Eurpoean Village and has a current certificate of occupancy listed to O2 Secure Wireless .......so that would leave 14 on your list ...as soon as the store opens we can remove that one too from your list - sound fair ?
What are your thoughts on the certificate of occupancy issued for the O2 secure retail location by the city of Palm Coast ? Permit number 2012070612
Permit Details HELP
Parcel Id
38-11-31-1915-000C0-1330
Status
ISSUED
Location Address
101 PALM HARBOR PKWY
Block
000C0
Lot
1330
Type
OCC - OCCUPANCY PERMIT
Subdivision
2089 - EUROPEAN VILLAGE CONDO
Contractor Stated Job Value
$0.00
Issue Date
7/27/2012
Expiration Date
1/23/2013
Job Description
UNIT 133- WIRELESS RETAIL STORE-- 02 SECURE WIRELESS INC
NOC
Unknown
Early Power
NO
# Baths
Applicant Name
VAL KAZIA
Type
OW
Owner
02 SECURE WIRELESS INC
1093 A1A BEACH BLVD
SUITE 442
ST. AUGUSTINE, FL 32080
LERX WRITES : ST. AUGUSTINE, Fla., Oct. 6, 2011 /PRNewswire/ -- O2 Secure Wireless, Inc. (Pink Sheets: OTOW) announces that the Company has secured a highly desirable retail location in the "European Village" in Palm Coast Florida.
Sooooooooooo has THIS happened???????? No!
Any snags using your o2 card ...have you used it much ?
All we can do is speculate from the pr ........I have been trying to find "our phones" design on the net based on the specs mentioned in the pr ..the closest I can find is a respected young co. out of China called Meizu making waves .... http://en.meizu.com/ this Iphone like model was just released 6-30-12 so its timing would kind of coincide with the pr timeline "finalizing the phone prototypes" ...BUT I cannot find a "pad" device from them UNLESS it hasnt been unvelied yet by them . Again this is all speculation on my part ....just trying to find our sourced phones ...this looks VERY high quality.....I personally would- will buy this phone if it turns out to be it ...... another possibility is
http://www.huaweidevice.com/worldwide/productMobile.do?method=index&directoryId=6001&treeId=3745
Now the digs at a China engineered -mfg device will start ..hate to tell you but HEWLITT PACKARD - H.P. ' a perceived good ole USA computer co are actually designed - mfg by a co. called FOXCONN..guess what -they are based in Taiwan .....
PR
""We've been finalizing the phone prototypes for the past few months and have found them to be further advanced than other phones currently on the market,"states Val Kazia, CEO of O2 Secure Wireless. "We'll be carrying these devices in our retail stores, and looking to offer these 'universal' (unlocked) phones at other large retail electronics stores for additional distribution when they are available. I believe that this branded offering, which will be patented and manufactured out of China, will set us apart from other offerings in that many consumers are tired of wireless contracts and just want a high quality phone that they can purchase and use anywhere.
Agreed , the bottom line.... the store that doesnt exist - most certainly exists - and its third party / verifiable certificate of occupancy was issued by the city on 7-27-12.
A little about permits and delays - a theory - what that permit MIGHT NOT show is if he was initially inspected but failed something ......he had to remedy it - then they had to come back and reinspect and issue the cert then at that time....I dont know but A POSSIBILITY.......... I have read Palm Coast is a bear for businesses to deal with.....
Yep I know that ,,,but I dont think many will stick around if thats the way this goes imo ..... as far as Petes comment that Dec date is MY estimation of when things should either pan out or flame out in my opinion based on the burn rate of co. shares...
Understand you and others points of view based on the past record,simply doesnt look good , reasons why and excuses simply dont matter - that camp is not drinking the coolaid anymore.....
I am still "slightly" positive - still going on a gut feeling about Val , I see things progressing S L O W - WAY TOO SLOW IMO ,BUT the man isnt giving up and appears creative / clever in his moves and IS moving forward ......aside from all that like I said recently we only have ~ 440 000 000 shares left so the OTOW fuse is lit so to speak at this point . IMO simply - we either make it or not - only time is going to tell us that answer at this point - I think by Dec 2012 we will either be rolling with small revenues coming in from the store, phones , pad device, cards, bank ???? , loan ?????? Or quite frankly tits up.
More importantly this occupancy permit was issued on 7-27-12 by the City of Palm Coast to the store that "never happened" ;) ...... albeit late - he is obviously accomplishing - progressing on what he said he would do in a pr ......so far the
O2USA cards are out there -
https://e-moneycard.net/o2usacard/index.htm
Retail Store Europen Village - Occupancy Permit issued by the City of Palm Coast 7-27-12 2012070612
Permit DetailsHELP
Parcel Id
38-11-31-1915-000C0-1330
Status
ISSUED
Location Address
101 PALM HARBOR PKWY
Block
000C0
Lot
1330
Type
OCC - OCCUPANCY PERMIT
Subdivision
2089 - EUROPEAN VILLAGE CONDO
Issue Date
7/27/2012
Expiration Date
1/23/2013
Job Description
UNIT 133- WIRELESS RETAIL STORE-- 02 SECURE WIRELESS INC
NOC
Unknown
Applicant Name
VAL KAZIA
Type
OW
Owner
02 SECURE WIRELESS INC
1093 A1A BEACH BLVD
SUITE 442
ST. AUGUSTINE, FL 32080
O2 branded devices on the way.......phones X3 and a tablet or pad type device"
Bank deal DR - payments on time and per contract ......
DD ALERT - ..alas the occupancy permit has been issued for the store by the city ! Ok so he was late but its all here in print. VAL got it done albeit late - store to open soon folks ........
Permit number 2012070612
Permit Details HELP
Parcel Id
38-11-31-1915-000C0-1330
Status
ISSUED
Location Address
101 PALM HARBOR PKWY
Block
000C0
Lot
1330
Type
OCC - OCCUPANCY PERMIT
Subdivision
2089 - EUROPEAN VILLAGE CONDO
Contractor Stated Job Value
$0.00
Issue Date
7/27/2012
Expiration Date
1/23/2013
Job Description
UNIT 133- WIRELESS RETAIL STORE-- 02 SECURE WIRELESS INC
NOC
Unknown
Early Power
NO
# Baths
Applicant Name
VAL KAZIA
Type
OW
Owner
02 SECURE WIRELESS INC
1093 A1A BEACH BLVD
SUITE 442
ST. AUGUSTINE, FL 32080