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This is something I didn't see the other day when it came out:
New York Post Newspaper Control Fight on Again
I wasn't quite sure what Mr. Hoffenberg was talking about in releases where they'd mentioned taking over the Post, but after speaking with him and now reading this, I realize the original contract is still in effect.
This would be a huge step if the terms of the original contract back from '93 can still be enforced. Based on what I've been told and what I read in the release above it looks like in 2014 the court determined it could. It looks like they are now making the move to finalize this deal.
Very cool...Always moving forward!
Way to go Mr. H!!!
I understand where you are coming from, but on the flip side why publish a PR that is simply going to state what we all already know? We just got this update The purpose of this post is to provide investors with information related to WHAM work product from roughly 5 days ago on the company website.
At this point I feel, and so does the company btw, that it is a waste of resources, whether that be time or money (PR's aren't cheap depending on reach), to publish a PR when they can keep us abreast with an update on the website or by hearing from the man himself with a phone call. New investors and big PR's will come when there is a significant event worth reporting...coming soon, imo.
I understand that you are busy and so are others, as well am I, but Mr. Hoffenberg is also extremely busy and still takes time to answer/return calls. Don't get me wrong, I get where you are coming from...We all want this to happen, like now! But, it takes time to set it up right...
As it was so sensibly explained to me, any of these deals could close now (or very, very soon), but if the terms are wrong, what was accomplished? Sell 50 xyz's and lose a thousand dollars each, well what was accomplished? Nothing. You simply wasted a bunch of time and lost a bunch of money.
Mr. Hoffenberg is negotiating the best terms for the company and its shareholders, which takes time... That way we can sell 50 xyz's and make a bunch of money:)
From talking to him again today, it sounds like there are lots of irons in the fire (more than we all knew about) and that several are getting red hot! It's my understanding there will be an update next week. Not so much official news; although, it may be, but an update of sorts.
In closing, my goal is to continue to support the company (in whatever small or large way that may be), be thankful for the opportunity I currently have and remain as patient as I, with very limited patience by my nature, can be. I am very grateful to all the management team for each ones hard work and look forward to it all paying off $$$ very soon!
I am expecting some fireworks in the very near future and full fledged B-52 carpet bombings by years end!!! :)
GLTA,
TG
That post wasnt directed at you. I was just relaying what we had talked about. I dont know necessarily what there would be for them to PR at this point. Only PR I'm waiting for is one stating another construction deal is closed and/or the card is a go:)
GLTY,
TG
Spoke to Mr. Hoffenberg today as I had some questions and he had some statements to make. Before conquering either of those it is important to note that this is not solely a 2nd quarter report. It is for the 6 months ended June, so we have to keep in mind that it encompasses both quarters. Either way the numbers improved significantly.
Questions first...I asked if the sale of stock was included in the revenue for the period and he told me no. The revenues were what Towers and the construction division had generated and did not include stock sales.
I asked about the massive increase in rent and he stated that paid for the Towers offices.
I also asked about the status of the Christ card which he confirmed is on track for middle of September...Very exciting here:) Also mentioned that they are bringing in a credit card big wig exec to run that division...Says he makes a million a year currently. I'd say that means this guy is going to have quite the handle on things.
Sounds like all the hard work may start paying off here really soon!!!
One thing he did stress is that if anyone has any questions regarding the company's activities is that they contact him directly. He has never dodged any of my calls and I would encourage other investors to reach out to him with any questions. He was quite frustrated by some of the negative undertone to some comments on the board.
He especially didn't like being compared to Israel in any way shape or form...Can't say that I blame him there. He told me he is not going to publish a bunch of BS PR's just to appease anyone and when there is significant news it will be officially released.
I'm going to be speaking with him fairly regularly (especially now that things are beginning to heat up) and I will report back to the board, but don't let that stop any of you from contacting him directly.
Also said Theodore was signing an agreement today regarding their upcoming full reporting status...I wasn't clear on all the details as I was at work and had people in and out of my office.
Sounds like we've got an exciting run of events in front of us heading into September. Just think with what Mr. Guzior could close on the construction front and Mr. Hoffenberg could close on several fronts...Your juicy PR could and should be coming very soon!
GLTY,
TG
Agreed. They will quickly win that trust back if one of these large deals comes together and the deal is verifiable. To date, Mr. Hoffenberg has been all talk with very little to show.
That's not meant to be insulting, because I truly believe he is working his tail off, but there has been very little accomplished to this point...At least on the surface for all of us to see.
We need something big to get us rolling like Mr. Guzior closing these larger construction deals, the successful launch of the Christ Card (with a statement from Visa or MC at the launch would be great...Something like we are pleased to partner with Wham on this huge endeavor, etc.), audited financials with decent to large revenues and a positive net, moving to a different exchange or even uplisting to OTCQB and getting off the pinks, etc., etc., etc...
I believe this quarter will stand to be the most significant in the company's history and they really can't drop the ball if they want to build the trust back quickly! You don't want to be known as the empty promises, all talk no show penny stock CEO! That's what knocks stocks into the trips...No bueno!
We'll see very soon which direction we're going. With some of these deals closing we could be in the dollars quickly. It's a rarity, but it definitely can and has happened before.
The great thing for me is we are all going to know once and for all what we've got going into the end of the year. It either happens and their hard work pays off, or they are simply all talk and I'll have to rethink my position here.
Ultimately, my money is on their hard work paying off and this being a stock that is going to start to rock and roll here very soon with the closing of some very lucrative deals by end of September. We'll see...
GLTA,
TG
Earnings are now just around the corner. It's my understanding that they might come out before the 15th. Eager to see what's in them and if they're substantial how the stock reacts. They'll definitely be better than any others we've ever seen, but I'll be really interested in how much actual revenue has been generated and received.
I'm not expecting a whole bunch just yet, but any cash flow is certainly a positive thing:) The earnings should be the beginning of a string of very positive company developments.
GLTA,
TG
Awesome update. Thank you very much Michael. That definitely gives us all something to chew on and anticipate in the near future. I have a feeling that once the domino's start to fall things are going to move really fast.
60 days for the Christ Card is great to hear as that means this project is still on pace from the projection of 90 days you told us a month ago. Very excited to see this come to fruition.
China deal is intriguing to say the least. Can't wait until we learn more details on this.
Construction division could turn into a powerhouse division for us! Mr. Vasquez, this is how you start up a construction division (you'd have to have been around here awhile to understand that reference:). Sounds like we could have some real big news from this division in the next 60-90 days on top of the Christ card.
The Super PAC is a nice chunk of change and if all works as planned we KNOW this can take no longer than the beginning of November...Just 3 1/2 short months away. 50 mil in the bank makes future deals a lot easier to close I'm sure.
New York Post --- Undecided on this one. Certainly gets our name in the news if it happens...Pun intended:)
Cyphersecure - I'm not expecting much in the way of revenues here, but know how long and hard Mr. Fotsis has worked on this and since encryption is one of the things that initially brought me here, it would be great when the day comes that this is officially launched.
Great job to the team at Wham! Let me know when you are ready for me to come onboard and run your automotive division...I'll make car sales great again!
Hi Michael,
Do you know when we might see a more official update? I've obviously spoken with the company, but was looking for something a bit more official that we all could see. Speaking to Mr. Hoffenberg not too long ago it sounded as if we may have had something put out last week, but nothing came out.
Could you inquire with mgmt about what it might take to have some sort of updates, possibly with projected time frames, released? It doesn't have to be an official PR or anything, but just an overview on the website or an OTC Markets release or something...
Thanks,
Justin
Spoke to Mr. Hoffenberg today and it sounds as if there is quite a bit going on...as usual, but the Christ Card launch sounds like it is really close. Yes, even closer than the projected middle of September...We'll see! He reiterated that the card alone will generate $500,000,000 per year in top line revenues...If that's the case, watch this run baby run!!!
Anyway, another day closer...
Haha...I don't need to. Outside of management, I would guess that I'd have to be in the top 10 (worst case, top 20) of all 450+ shareholders with regards to the size of my position here...Prove it - HA - funny:)
GLTY,
TG
Actually, I've made up my mind...I'm gonna' follow RollTide's lead and start buying more...Gotta' transfer some funds, so next week I'll dip my toe even deeper:)
GLTY,
TG
Even that seems too far away for me right now:) It's like waiting for football season this time of year...So close, yet so far. I know they are working hard at the company, it's just me being impatient (just tired of the same old daily routine at work). Kind of cool though to think that by years end I could have a substantial chunk of change based on all that hard work they are putting in now.
It will be interesting to see if they join in. I was told this would not be a long drawn out process with this as I was concerned that this whole thing could drag on for years once in the courts. I guess we'll see, but I'm not holding my breath for a quick conclusion.
On another note, the Christ card is very intriguing to me and that is the one I am holding my breath for, so I certainly hope there are no delays there...Maybe even a surprise with an earlier than the 90 days or less Michael posted about back on 6/14.
Could end up being the perfect storm with one hitting shortly after the other. Either one should take us out of pennies! In fact, the Christ card, with a successful launch, gets us multiple dollars, but I'm not sure how the market assesses the Epstein settlement. I know for sure there will be a spike, but not sure how much and how long it lasts (certainly won't come back to these levels) as it will obviously not be a recurring revenue stream.
I reread my last post and I hope that nobody, including the company, thinks I'm down on the company, I'm not, but I'm just ready to see this fly!!! I have plans for my ROI and want to get my business started...As you know, I'm over the industry I'm in...I have a great job and run a highly profitable business, but for someone else and have been in this industry far too long! Could own this place one day in the not too distant future, but I want to do my own thing, so hurry up WHAM! :) Maybe I could buy it with my WHAM money and have someone else run it...hmmmmm, yep that's what I'll do! Again, hurry up WHAM:):):)
I got plans for my WHAM money and it's time to get those plans in motion. Maybe take my company public...I like where this conversation is going...hmmmm, lots to think about. Let's go Mr.(s) H, F and G!
I also would like to know. News on Trump super PAC means absolutely nothing to me. I'd really like to see some company updates on closed deals, Christ card, Epstein suit, Sears, etc.
I was told we'd see updates a while back as there were many deals in the works and many closed, but it seems there's only been two closed in several months. Not saying I'm dissatisfied with the closing of any deals that make the company money, but what I hear on the phone and what I've seen officially released are two different things.
Not to say I've been given any inside info, but they deals they talk about closing sound as though they should be significantly larger than the two that have been closed.
I know Mr. Hoffenberg has been with the company only 4 months or so, but I thought when WHAM gave up half the company things were much farther along with these Towers deals.
Not saying I'm disgruntled or anything, but thought we would have more to chew on at this point in time.
GLTA,
TG
Talked to Mr. H. earlier today for about 45 minutes and it sounds like things are going to be popping soon! Talking about some real BIG deals that are being worked on and it also sounds like this Epstein suit goes big soon also. I asked him specifically about the timing of this, as anytime the courts get involved stuff can drag on for years, but he was quite confident that this would be resolved quickly. He seemed very confident that this was about as slam dunk as it gets!!!
In addition, he talked about going on a road show here in the near future to raise awareness with some big boys in NY, NJ and CT. He said he was working to hire a scheduler here in the next couple of weeks and would be on the road shortly after that. He wants the players to start taking positions here and said he is not out to get penny stock buyers. Also said he was sick of this bulletin board crap!
Regarding the 64,000,000 in contracts, that's not actually future revenue for Wham, but it was a finance deal for a building in NY and they will receive fees on the $64M as part of the deal.
All in all, it was a great call and I think we start really moving here soon and there are many irons in the fire with many of them either closed and/or close to finalized.
Our financials going forward sound like they are going to be super strong and we'll see that revenue start rolling.
Going back to the Epstein stuff, this is going to make Wham's bank account go BOOM! And Mr. H. has some big plans for Wham's haul once the dust settles:)
Lastly, he really stressed how open they want to be with investors and is eager to speak with shareholders, so don't hesitate to reach out to him with an email and he'll try to get back to you within an hour or two.
Things are going to really start heating up here heading into summer!!! Exciting times ahead for sure:):):) $5 a share and I'm sitting on a beach enjoying retirement...
GLTA and AIMO,
TG
I agree that he is going to take this to much higher levels, but I would envision him as being more of an NYSE guy. Not to mention, the company and its current direction would be better suited for the NYSE.
The few greatest alive, well...that I'm not so sure of. Not talking bad about him or anything, but that's a pretty tall statement! Great business mind from what I can tell however and a work ethic that's second to none.
I know things will move soon here and I'm excited to see what's in store.
Let's "make Wham great again!"
:)
GLTA and AIMO,
TG
Yes sir...My wife and I just stayed in a suite at the Green Valley Ranch up near Vegas (beautiful/ritzy) and I've got to say it spoiled me a little bit:) Like to do that more often:):):) Let's go Wham!
Glad to have you on board Diesel...You are right, what is coming together here could be the perfect storm in very short order! It's one of those stocks, imo, that people look back on in a couple of years and say...
"If you'd invested $1,000 into WFMC back on 05/05/2016, your portfolio would have increased 80,000% and your thousand dollars would now be worth a head scratching $800,000! Not too shabby, back to you Maria."
Haha...Oh the future is bright here!
GLTY and AIMO,
TG
No offense or disrespect taken and I was not one that thought he couldn't win the nomination...just disappointed he did. The major problem with running against Hillary, is that he won't be running against Hillary imo. It will be Uncle Joe Biden about 2 months before the election - not enough time for Biden to step on his tongue, but enough time to rile up the left's base.
The problem for Trump is that he will more than likely continue to move left (keep an eye on him as you'll start scratching your head at the things he says will majorly contradict what he's said in previous debates) and will alienate true constitutional conservatives (not "New York" conservatives) like myself who will have a major problem voting for him! This could also lead to major losses in the House and Senate.
Anyway, no hard feelings and certainly no disrespect meant towards you...we simply differ on this postion...
My only concern at this point is watching Wham crush the market with all the goodies coming down the pipeline. Really, really eager to see financials in the coming days!!! I hope they have some good updates to go with them and/or I've been pushing for an investors conference call or at the very least a Q&A session so more about the company's plans can be shared publicly.
Very exciting times for Wham and Wham shareholders...
And soon he'll be right! It's so amazing what some simple phone calls to the company can do to learn more about what is happening here. I would give you their contact info, but what's the use you most likely wouldn't call anyway. Just keep your eyes peeled, because I'm sensing we're on the verge of some pretty explosive updates in the not to distant future. Might be 2 days, might be 2 months, but make no mistake good stuff is coming our way!
GLTY and AIMO,
TG
It's not my highest priority, simply due to how long I think it would take to settle and/or win in court (if either happened), but it is a substantial amount of money we're talking about, so if it ever does hit, then we're in the money so to speak:)
Agreed about Theodore wholeheartedly! It would have been easy to just walk away, but he felt obligated to those he got involved and that could turn out to be one of the best financial decisions of his life!!! I know my investment here could certainly turn into my best financial decision. In fact, I'm quite positive it will and fairly soon too!
Lots of fun stuff on the horizon...
GLTA and AIMO,
TG
I didn't see this posted anywhere, but just saw this myself on the Wham website:
Hey WallStreet...You might want to consider dipping your toe in the water here as there are quite a few things in the works and fins are due by the 15th. I'm hoping for some juicy updates in the near future...i.e. acquisitions, financials, Epstein fund, Sears deal, etc. Things are going to get real exciting here heading into summer imo.
I would definitely suggest you contact the company to see what they can share. This, imo, is on the verge of its largest move north ever.
GLTY and AIMO,
TG
I'm here in the bushes lurking:) I'm eagerly awaiting financials which I understand should be out on time (no later than 5/15/16). Very, very eager to see what is in them. Could give us a really nice pop! Or they could not...All depends on what is in them. I suspect they will have some juicy stuff there to devour. I guess a lot will depend on what Towers and ASI (assuming ASI shows on these fins) numbers show.
Only a couple of short weeks away!
I'm also looking forward to any other takeover/buyout news and/or anything on the Christ Credit Card. News on any of these fronts could also send us racing.
Lots going on behind the scenes and we could wake up one morning to find ourselves north of a dollar imo. Overly optimistic? Maybe in the very short term, but by years end...I don't think so. In fact, I'd be disappointed at years end if we were only at or near a dollar.
Also, I can't wait to get off the pink sheets to bring more credibility to the company and stock. My guess is that happens by years end as well. As much as we all know is going on (takeovers, Christ Card, encryption, Sears, etc.), there is probably a whole bunch more we don't know is going on too. Very happy to be a shareholder here!!! :)
Keep up the good work Mr. Fotsis, Mr. Hoffenberg and Mr. Guzior (and any other players I neglected to mention ~sorry~)...I know you all are working hard and I can't wait to see what the future brings!
GLTA and AIMO,
TG
Hey there TypicalSeminole...
A lot of us have been here quite sometime and have actually taken the time to keep in touch with mgmt on a regular basis, including Mr. Hoffenberg himself. Mgmt is working diligently to achieve their many goals, which stand to be very rewarding for all shareholders!
I can assure you that Mr. Hoffenberg has been out for 3'ish years and while serving his debt to society Towers had continued to operate and was run profitably to this day. How profitably, well we'll hopefully know here shortly when fins come out.
But, to walk the line so closely between making what could have been simply a false and very misinformed statement to possibly crossing a very nasty and potentially litigious line of out right libel could be dangerous for you my friend. Not a threat, just a friendly warning.
I can tell you that Mr. Hoffenberg is no joke and if he feels your statements, whether innocent or intentional, could jeopardize his investment or any of Wham's shareholders, well then I wouldn't want to be you. He has a boatload of attorney's working on his and Wham's behalf.
Anyway, just know mgmt is working hard on some very big things that I feel are going to begin to come to fruition in the very near future. Choose to invest or not, that's obviously up to you, but please DO get your facts straight as we don't need any misinformation mucking up some of the large things being worked on here.
GLTY and AIMO,
TG
Agreed. In fact, I'm sensing we get something meaty here soon. Still trying to decipher Mr. H's tweets (seems like he writes all in keywords or something), but I'm interpreting his most recent tweet as meaning new deal on the way!
Filing http://www.otcmarkets.com/financialReportViewer?symbol=WFMC&id=152182
It does equal $60,000, but if the company (ASI) brings significant value to the stock that may go up! Time will tell...
GLTA,
TG
I'm not saying they are or aren't going to. I only know that is the plan and I'm going to wait for the plan to develop or to fold. My guess is it develops.
I'm still very interested in knowing what kind of money Towers makes. Hoping we get some fins disclosing that. It's been a couple of months now and I don't think when controlling interest and more than half the company is given up for what is supposed to be a revenue producing and profitable company that we should be kept in the dark this long.
According to the filing they have an LOI to buy 100% of ASI for 250k shares and 750k shares more if they reach certain profit goals. If all it takes, and assuming this deal is closed (never know with LOI's), is a million shares per deal, then that's how they could acquire 100 companies. Not saying everyone sells for a million shares, but if the share price increases due to the underlying fundamentals getting stronger with every deal, then it makes plenty good sense.
Only problem WHAM runs into is the share price will have a hard time breaking a dollar if we never see any revenue and/or net profit numbers...i.e. Towers, ASI and future acquisitions.
To mgmt: Take the leash of this Greyhound and let 'er run! Financials can be like that little rabbit they chase around the track:)
GLTA,
TG
I was never suggesting that Richards was in anyway affiliated now or in the future with Wham. Just showing how Russ could be a very big factor in negotiating these construction deals/takeovers...i.e. he may have connections.
Anyway, there is a new filing out that I am going to read, so we'll see if there is anything else in there about ASI...
GLTY,
TG
Check out the About Us page from Richards Building Supply:
I'm assuming the founder is Russ's father and Russ is one of the 7 children mentioned that still have a role in the business...For those to preoccupied to click the link here is an important paragraph:
Talked to the company and was told this deal was one of many to come! Apparently Russ's family owns/controls Richards Building Supply Co...Uber (not like the taxi) BIG! Needless to say Russ has a lot of construction connections, so this all appears to be quite legit!
Agree with the rest, the PR's need some work and I really wish Mr. Hoffenberg would stop pounding the Ponzi King angle...We all know and I don't think it's something we want and/or should be brought up PR after PR.
That said, Mr. H's family owns/controls (not sure about spelling here) Fiera and Sons Construction...Which is equally, if not larger, than Richards. The construction angle now makes a lot more sense, because I was at first confused!!!
It almost seemed like we were going down the Israel Vasquez road again until I got some clarity from the company on this. Hold on to your hats boys and girls, because I think we see a lot of BIG things happen 2nd quarter!
On your marks...get set...GROW! :)
GLTA,
TG
Good questions! I had/have many similar questions...I know another investor that is working on getting answers to those questions as I type. Very vague PR.
GLTA,
TG
Looks like it's in its early stages, but once again, they're moving forward with their plan.
GLTA,
TG
New CypherSecure website link:
New Cypher Secure Website
GLTA,
TG
Just taking a little breather is all, then we'll move to new short term highs and in a couple/few months we'll be seeing new all time highs imo. Lots going on here and our largest shareholder, with a solid business background is negotiating a deal to takeover a multi billion dollar, iconic company that is struggling to make their monthly payments. Takeover, restructure, get top dollar for some assets and watch Wham's share price explode!
It's been a long journey for many of us here and our destination is 2016...We're Here! Heading through spring and into summer I feel we start seeing the big picture developing and by 3rd/4th quarter we see the real fireworks.
So much good stuff in the works:) Brilliant!
GLTA and AIMO,
TG
And, you didn't even mention that the last run looked nearly identical to this one. In week "1" of the last run, we ended the week with an almost identical high to where we ended last week. In week "2" we moved to almost .40. Oh BIG things are on the way my friend.
I don't think our shareholder base has changed much, so I'm not surprised if we cross .30 by EOW. My goal and my call is +.20, but there is so much going on here, not much surprises me going forward. I think this Sears deal is warming on the stove currently and comes to a full blown boil soon!!! We'll see:)
The charts look amazing no matter what I say though .. Final thought, the Christ Card could be HUGE!!!
GLTA and AIMO,
TG
Looking at the 2 year weekly chart it is amazing to see how closely this move mirrors the move back from January of 2015. I think this next move is BIG and we don't crash like last time.
I'm thinking we close .20+ this week and won't be shocked if we go .30+ by or on Friday. Any solid news on any of the businesses they are working on and we could reach new all time highs in very short order.
I mentioned this before, but one thing I really love about this potential Sears deal (minus the obvious 800 pound gorilla in the room...It's like a mega billion dollar deal:) is that we know one way or the other fairly quick.
This one, imo, doesn't drag on for months or years...In fact, this deal has to be done (or not, depending on what Mr. Lampert decides to do) soon. Sears is on the ropes and looking for a lift ... Any kind of lift, because the next step is BK and the creditors will fight them vehemently and Mr. Lampert will be ruined as a CEO. In addition, he will watch a large chunk of his wealth get crushed as the Sears share price tanks to probably in the low dollar range, possibly less.
I sense BIG things on the horizon, VERY big things! I pray that I am a good steward for that which, I feel, I am about to receive.
Gotta' say it, because it's my newest catch phrase...The plan here is simply brilliant!
GLTY and GLTA, of course AIMO,
TG
WFMC is rolling again! It's acting the exact same way it did when it ran to .50 a little over a year ago. Currently at .145...Look at a two year weekly and see for yourself.
Lots on the table with possible Sears takeover, a billion+ dollar collection contract against Jeff Epstein, Christ Credit Card and multiple other opportunities.
Take a look, because imo this breaks all time highs this run...
GLTA,
TG
Take a look at the two year weekly and see how similar it is to the action that's taken place here recently...:) I think we'll maybe tread water, to give the RSI a bit of a rest, a couple of days in this range and maybe retest .10 and then we're off to the races...Especially when that 50 day crosses...
Look out above! Wham is rollin' :)
GLTA,
TG
Making the push towards .20 :) Looks like everyone is scared to miss out on what Monday might bring. Don't know if Monday is the day, but the potential of this and multiple other deals is going start getting priced in here very soon.
Anyone not on the Wham wagon better find a seat quickly, because the price of this ride is going up soon!
GLTY,
TG