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Simple math,
1,432,850 divided by 4,750,000 = $0.30165 net per share.
If our shares were real, this would be their value as of the last filings.
Last filing for company shows a net shareholders equity of 1,432,850
MARCH INDY INTERNATIONAL, INC.
(A DEVELOPMENT STAGE COMPANY)
CONSOLIDATED BALANCE SHEET
June 30, 2000
(Unaudited)
ASSETS
CASH $ 200
INTANGIBLE ASSETS (net of accumulated amortization of $42,500) 1,657,500
--------------
$ 1,657,700
==============
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable and accrued expenses $ 224,850
--------------
SHAREHOLDERS' EQUITY:
Common stock, $.001 par value; authorized 50,000,000 shares;
4,029,916 shares issued and outstanding 4,030
Additional paid-in capital 4,532,498
Deficit accumulated in the development stage (3,103,678)
--------------
TOTAL SHAREHOLDERS' EQUITY 1,432,850
--------------
$ 1,657,700
==============
Somehow I can't see how this will gap passed .0065 tomorrow.
Friday it went from .0032 to .0046, which was a great day.
How could monday be any better?
Nah, let's burn Mario, eom
Targets for Monday Gappa
.005
.006
.007
.008
.009
.01
.02
OT - Yeah like maybe we should lock them up!!!
You get stories of a guy who raped 5 little boys over time, and gets 3 years. C'mon get real.
Then you have an economically disadvantaged youth, who gets addicted to drugs and they lock him up for 10.
Where has justice gone?
Imagine in the days of our fathers if they had one of the pervs move into the neighborhood.
My dad, and several others would have beat the living crap out of him.
Guess he'd be moving...
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No offense intended greg, just really interested now about BCIT so reading about the fund somewhat distracts,
Peace,
Agreed, the ones who usually talk the most do the least.
Wish you the best of luck with the "fund" byt I doubt it will ever come to be.
Can we stay on what could make some real money = BCIT
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Nice .0046 close, 48.39% increase for today alone, nice.
Next week should be very interesting
Someone forgot a decimal point - expensive mistake
Now you're at 18, which is a lucky number in Jewish and Chinese philosophy
Lol, good one laker, eom
Excellent quality of posters here, with the exception of that mikey ahole - iggied him first day here.
You get an "A" for effort dude, still learning myself, eom
Maybe you might want to forward any good suggestions to him?
Thanks dude, eom
Any one playing the BCIT story, eom
Art, did Megas refer to any efforts with the filings to Nasdaq and the "buy-ins"
TIA
Need for the guilty parties to start and clean up their mess.
Need for the governments to get off their asses and clean up the illegal profits.
No, I can wait, eom
It is going to speed up IMO.
Also have a large investment in FGWC, which also has gone through all this NSS shit. Still has large NSS position on it.
Was bear-raided awhile back, stock was listed on the Berlin exchange without knowledge of the company.
Company had it delisted, but has been pounded by these NSS people. They are using Schwab, Nite and Etrade as their MMs.
They expected the company to go BK because of the pressure.
Unfortunately for them, the company is becoming one of the leaders in the WiFi equipment sector.
PPS is still assaulted.
I have a large position and patience.
Eventually they will lose.
Same as here IMO
Good point zing, eom
The PR's that come from the company, lol
This is too ridiculous for words.
The SEC will have to start acting against these "stock-gangsters"
In today at a fair price .0026, either going to make or lose, but I don't care.
Just f'cking these naked short whores is Return enough
Unstrung Insider Analyzes the Metro-Zone 802.11 Wireless Equipment Market
Wednesday October 27, 12:07 pm ET
Research Report Examines the Market for a New Class of Metro-Area Equipment That Will Transform the Coverage and Commercial Potential of Public-Access 802.11
NEW YORK, Oct. 27 /PRNewswire/ -- Extending the coverage and range of traditional public-access 802.11 wireless networks to make services more useful to more people is one of the keys to salvaging the wobbly WiFi hotspot business, finds a new subscription research report from Unstrung Insider (http://www.unstrung.com/insider).
The report -- Metro-Zone 802.11 Wireless -- covers the equipment and software vendors that are focused on extending the concept of hotspot networks made up of lots of small, individual locations, out to larger, hot-zone and metro-area networks, such as large public venues, campuses, and outdoors.
"Innovation in wireless backhaul, wireless mesh, and antenna systems, mixed with crossover technology from enterprise and carrier networking, is creating a new class of metro-area equipment that will transform the coverage potential of public-access 802.11," says Unstrung Insider analyst Gabriel Brown, the report's author.
"Combined with industry trends such as wireless VOIP, bundled WiFi services, mixed-use public and private networks, and the emergence of specialist roaming brokers, this new breed of equipment could take the hotspot sector to a whole new level."
Among the report's key findings:
* Outdoor and hot-zone 802.11 will play a vital role in cellular-to-WiFi
roaming strategies.
* Bundling 802.11 access with cellular and DSL subscriptions will prove a
major gauge of the maturity of the hotspot business model.
* Mesh-based 802.11 is challenging traditional systems for wide-area
hot-zones, with vendors such as BelAir, Firetide, Nortel, Strix, and
Tropos making progress.
* The back end of public-access 802.11 is still underdeveloped, with
great opportunities for vendors that enable roaming, billing, and
centralized control of mixed-use "virtual networks."
Wireless mesh vendors featured in this report: BelAir Networks Inc.; Firetide Inc.; Hopling Technologies B.V.; MeshNetworks Inc.; Nortel Networks Ltd. (NYSE/Toronto: NT); Strix Systems Inc.; and Tropos Networks Inc.
Point-to-multipoint and bridge vendors featured in this report: 5G Wireless Communications Inc. (OTC Bulletin Board: FGWC.OB - News); Colubris Networks Inc.; Proxim Corp. (Nasdaq: PROX - News); Radionet Oy; and Vivato Inc.
Metro-Zone 802.11 Wireless is available as part of an annual subscription (12 monthly issues) to Unstrung Insider, priced at $1,350. Individual reports are available for $900. To subscribe, please visit: http://www.unstrung.com/insider.
5G Wireless Taps Cisco Business Development Executive Kirk Haney as Independent Director to Board
Thursday October 28, 1:00 pm ET
MARINA DEL REY, Calif.--(BUSINESS WIRE)--Oct. 28, 2004--5G Wireless Communications, Inc. (OTCBB:FGWC - News), an emerging leader in the wireless broadband industry, announced today that Kirk L. Haney has been appointed an independent director to its Board.
Mr. Haney currently works in Global Business Development for Cisco Systems, Inc. (NASDAQ:CSCO - News). In this capacity, he was instrumental in creating Cisco's global security sales strategy, which resulted in Cisco surpassing $1bil. in security sales for FY 2004. In addition to leading several of Cisco's enterprise and advanced technology sales and engineering teams, Mr. Haney has also been an advisor to Cisco's Corporate Business Development team on various investment and acquisition candidates.
Prior to his Cisco experience, Mr. Haney held senior management positions in sales, marketing and business development for 3Com Corporation and ArrowPoint Communications (acquired by Cisco). While at ArrowPoint, Mr. Haney led the team that increased revenue from $0 to an $80 million run rate, which eventually led to Cisco's $5.9 billion acquisition of ArrowPoint. In private equity, Mr. Haney has made eight major investments over the last two years and was the lead on two of them.
Mr. Haney holds a BA in Political Science from California State University, Long Beach, and an MBA from Pepperdine University.
"Kirk's expertise in creating and nurturing top selling organizations will help guide our direct sales and channel development efforts as we accelerate penetration into the university and municipal/public safety markets," stated Jerry Dix, 5G Wireless CEO. "He also possesses the real world insights and connections 5G requires to become a major player in the wireless broadband space. We are delighted to have Mr. Haney as the latest board member bringing the total board members to 5, of which 3 are independent."
About 5G Wireless Communications, Inc.
5G Wireless Communications, Inc., located in Marina del Rey, CA, develops and sells wireless broadband solutions. 5G Wireless customers receive dependable, high-speed Internet access at lower acquisition and implementation costs than most major competitors. 5G Wireless' products are distinguished by their exceptional data rate/range, number of concurrent users, non- line-of-sight capabilities and a unique security protocol. These features are particularly significant through 5G Wireless' use of IEEE 802.11b enhancements for "last mile" roaming and point-to-multi-point networks.
FGWC was Bear Raided, and has a big problem with Naked Short Selling.
It is my speculation that they are in the midst of fixing this problem.
Continental Stock Transfer & Trust Company (“Continental”) is pleased to be a sponsor of the Southern California Investment Association, and appreciate the opportunity to address the bi-monthly Association meeting.
Problems Associated with the Recent Influx of "Naked Short Selling and Bear Raids"
As many of you are aware, there have been, over the last several years, numerous instances of “bear raids,” i.e., “naked short selling” in a coordinated fashion by affiliated market makers and brokers to attack the stock of a designated issuer. This coordinated short selling has been effective and successful over and over again in savaging the stock of both worthy and unworthy public companies. The bear raiders are assisted in their manipulation by the repeated lending and re-lending of margin securities among brokers, often with the complicity of DTC. While DTC is apparently prohibited from lending and re-lending securities under their charter, recent deposition testimony in pending litigations suggest that this practice has been rampant. There are pending class action lawsuits against both the raiders and DTC relative to scores of different stocks and the billions of dollars lost in market capitalization.
Indeed, it has been rumored for many months on various internet sites that NBC’s Dateline has prepared an extensive piece on this entire issue. While it was apparently near finalization months ago, it has apparently been held up, either for political reasons, or other reasons. It is expected to be broadcast in the forthcoming weeks. Stay tuned.
The response of issuers who have been subject to these bear raids has been to try and “flush out” the bears by forcing them to certificate their ownership positions. In this endeavor, issuers have employed various artifices, including reverse mergers, reverse splits, stock dividends, etc. When these proved ineffective, some ingenious issuers enacted bylaws which precluded the registration of their certificates in the name of a depository, such as DTC. These issuers voluntarily delisted from DTC and the DTC FAST program and attempted to force each brokerage firm to separately certificate their positions. It was their feeling that by removing shares from the uncertificated, electronic DTC system that the naked shorts would be required to buy in their shares.
Unfortunately, when the “800 pound gorilla” at DTC became aware of this emerging trend, they felt that these potential delistings were a threat to their ongoing business. Moreover, of course, DTC is owned by all of the large banks and brokers, and, therefore, has a certain affinity for the brokerage community side of this argument. In typical fashion, DTC went straight to the SEC to complain about these issuer delistings. DTC’s argument was that such delistings, with the related increases in certificated shares, was inconsistent with the SEC’s longstanding goal of promoting the immobilization and dematerialization of physical stock certificates.
In fact, DTC filed for a rule change in February, 2003, the effect of which was to make it illegal for issuers to themselves voluntarily delist from the DTC FAST program. The SEC approved the rule change in June, 2004, over the objections of many commentators who took the position that the proposed rule would tend to promote bear raids and thereby reward market manipulators at the expense of issuer victims.
In quarterly meetings between the STA Board and the Commission, the Commission seemed unpersuaded by this argument, and instead seemed to conclude that the issuer targets were unworthy companies who were ripe for the picking. In essence, the Commission was opting for an economic Darwinism in approaching this issue.
Earlier this year, the Commission passed new rules designed to more effectively regulate short sales; but the effectiveness of the rules is open to question. Amazingly, the Commission has also formulated rules which will penalize issuers who seek to delist their shares from a depository and will make it illegal for any transfer agent to handle the securities of any such delisted issuer. Accordingly, unless the new SEC rules prove effective, it is unlikely that the issuer targets themselves will be able to formulate an effective strategy to combat such bear raids.
If you require further information in this area, or wish to express your views, please let me know so that I can provide you with the appropriate contact information at the SEC.
I appreciate your opinion.
I have been around for quite awhile, investing that is, and yeah I use rig's, buzz's, chipped's and many other posts to make money on. I love the Swingtrade board.
I stipulated in my post that this was my speculations. The CEO has been tight-lipped and never mentioned the names in my post, I found them with my own research.
I wasn't trying to sell you on the stock, just thought I would provide what I had found for yourself and the board.
Regards, (sorry about all the I's)
FGWC - Here's some DD
Wireless Africa - USA
Office is in San Diego, FGWC office is Marina Del Ray, both in SoCal.
http://www.wirelessafrica-us.com/company.html
If you go into the areas the are active, it is all West Africa, fish around the site, they have a WiFi power point too.
Wireless Africa - Africa, American Office = San Francisco
http://www.wirelessafrica.com/opener.html
African Virtual University, FGWC has positioned itself as the leader in Campus WiFi Zones
Nortel has done all the Wireless for them up to now.
Here is the links to the FGWC PRs concerning West Africa
http://www.5gwireless.com/company/DealinAfrica2.htm
http://www.5gwireless.com/company/Africaforecast.htm
In these PRs they mention the order is from an American company.
In this PR, the latest, the mention OEM agreements with 8 West African countries. IMO OEM + American company = Wireless Africa + Nortel.
If they are not related then the companies have definitely bumped into each other.
(last paragraph before company description and disclaimer)
http://biz.yahoo.com/bw/040929/295441_1.html
As well in this PR, there are 2 installations that they speak about to which they have not put out a PR prior. This leads me to believe that they have a bank of PRs ready to release. (plus I was infered this by the CEO and told this by another investor)
Most Importantly, in this PR, where they talk about the conversion of shares, the mention the Company becoming a business development company. Hhmmm, why would they be changing their structure if they were going at it alone?
These 2 Prs have board appointments of Hirschman and Pearce. Did a google search on them, they seem to be Sarbanes-Oxley specialists. What is a company the size of FGWC doing hiring boys of this calibre, it just doesn't gel under normal circumstances.
http://biz.yahoo.com/bw/040930/305355_1.html (notice Stan has worked with Nortel before)
http://biz.yahoo.com/bw/041005/55527_1.html
Their CTO has been changed from a Hands-on Guy to a thinker with 20 patents under his belt.
http://biz.yahoo.com/bw/041004/45720_1.html
To cap it all off, their COO, who started as their CFO is Canadian and it has been posted that he went to school up here with the upper management of a large telecommunications company.
It is my speculation that we will have some relationship with possibly Wireless Africa, Nortel, Nigeria Telecom.
Here is the Nortel PR about the R&D cuts (7th paragraph down)
http://www.thestar.com/NASApp/cs/ContentServer?pagename=thestar/Layout/Article_Type1&call_pageid...
This is speculation, on my part, as to the possible details.
But something big is definitely brewing IMO
Peace, 88.7% is owned by insiders, they have a high debt, little cash and negative book value per share.
There are other stocks you may want to consider IMO, unless you want to just try for a pop.
The phone scam was done in connection with entities Naked Shorting the stock.
Same people that had them listed on the Berlin Exchange, without the consent of the company. They had it delisted, check for your self FGWC.BE
They are due for an order between 6-8M coming in Nov. From Wets AFrica.
It is out speculation they will be going into a partnership with partners that could include Wireless Africa, Nigeria Telecom and Nortel. Shares in the new entity will be distributed to existing shareholders, forcing the large Naked Short positions to cover.
Look over their recent PR's and see who has joined the company as of late. People like that would not be coming on board if there was nothing to them.
Read between the lines, there is more there then meets the eye.
I'm telling you guys, pick up some FGWC cheap.
We're not very far away to some nice gains IMO
Should have included in last post PJTG
Picked up more at .065 today, waiting/expecting a nice pop.
Advice from the board and experienced traders.
FGWC just issued an N-54 filing, to issue a new class of shares.
We have been waiting on a large contract with West Africa, being done with another company.
It has been speculated that the company is Nortel, or another company including Nortel.
Does anyone have any experience with a N-54 filing, or any comments.
Thanks,
Buzz,
"Meanwhile, Chakravarty said the company is carrying negative working capital, negative operating cash flow and negative stockholders equity, and operating losses are increasing; although it expects to generate positive earnings by the third quarter of this year.
``Management believes it can double revenues from 2004 to 2005, from $6 million to over $12 million. Although enterprise software is only the fourth or fifth largest segment of Microsoft's business, it is the fastest growing. The Project Group is rapidly growing into one of the world's leading integrators of Microsoft Project Software and related products,'' she said.
Cool,
Cool, if it gets "jacked around" it gives me time to accumulate as profit/cash flow avails.
Thanks