Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Nothing is wrong here people. Still in business and going through the court thing about shares. Probably wont do much announcement wise until that is resolved. It will have much bigger impact then. If you google ERF Wireless, you will see the report came out about oilfield communications and players...they are in with some big boys on those reports.
And accordant Communications is still landing contracts and growing. Do the DD. It's all good here.
We believe a margin account may have been liquidated. Nice grab at .015 though. Never know!
So it looks like a calendar call has been arraigned. This could be good for us. It possible this could be a 'basis reached' filing and just waiting for documents to be returned to close the case. Looks like a few more weeks but this resolution could pave the way for us.
Please note the business is still moving forward even though we haven't seen anything publicly announced. This DD can be seen by looking up ERF Wireless and Accordant Communications. GLTU
http://publicaccess.webbcountytx.gov/PublicAccess/CaseDetail.aspx?CaseID=683454
Defendant ERF WIRELESS INC
Plaintiff ROUSH, EDWARD JR Pro Se
Events & Orders of the Court
OTHER EVENTS AND HEARINGS
07/26/2017 Civil Case Filed (OCA)
NO FIAT OR TRO FILED
07/26/2017 Original Petition
PLAINTIFF'S ORIGINAL PETITION REQUEST FOR INJUNCTIVE RELIEF AND DISCLOSURE
08/02/2017 Notes-Miscellaneous
NO ISSUANCE-DUE TO NONPAYMENT
08/02/2017 Calendar Call
CALENDAR CALL MAILED TO PETITIONER'S
10/10/2017 Calendar Call (1:30 PM) (Judicial Officer Palomo, Beckie)
Don't watch other one anymore, but very interesting. Placing stinker bids!
Oh yeah, good call. No other reason someone would do this!
Interesting action today... someone selling out a big block for cheap. Might take a whack!
Hi,
Here's a quick response from Nick via email that I received a few days ago...
I have the suspicion that they don't want to file until after the case is resolved. They might feel it could tip their hand in some way.
No PM, sorry - I'm cheap lol. Let me know if you want me to reply.
I didn't have any shares until after all the splits, so again this is a non-point. For those holding through 3 splits...what were you thinking? Lol But at this PPS and company revs, we're undervalued.
Pointless to guess. Depends on court case and company updates.
Notice the volume here has really dried up? I think the trickling dilution spigot is now turned off. Slap to get in? $ERFB
Let me start by saying I'm long here. However, the tweets make me believe that a PR will be coming at a later time. Here's why I think this:
$TRKG PR doesn't make sense as they haven't even updated the OTC page yet. So a PR through that channel doesn't make sense.
The nv sos page doesn't have anything about a merge yet between TRKG and HD Int Grp USA
No Finra changes. No CUSIP id change number assigned to either yet (if name change coming).
And for sure no filings until those things are going.
The only logical thing that makes sense is HD putting out a website news story or tweet stating their subs, assets, etc... But the actual merge still has some steps to take before it's headed in the right direction.
Until then, I continue to accumulate. All other DD here is fantastic!
Looks awesome! Rolling dice to get more shares a little lower ;) This one is as solid as they come.
Love the stock. Have enough shares. Just thinking announcement may not come tomorrow. Hoping for idiots to sell out and I'll buy back lower lol. If not, I got enough to be content on a big run, and will probably add to my position. Just hedging as I've seen these OTC ones play out like this many times. Disappointment or elation tomorrow, let's see what the day brings.
It actually was partly me. Just hedging a little at all time highs.
Maybe the court letters are hitting the scum conversion kings. The lack of volume I see from them pulling plug and retail sitting on bid waiting for next dump...that may not happen.
I agree. As long as the court understands the issue, it's pretty cut and dry. Company wants to cooperate with plaintiff now too lol.
So there's this and Accordant Com off doing their thing. Looks like a winner here. Just have to be patient and soak up shares.
$ERFB
Notice the court docs were signed today. So this is why the CEO can't say much. This suit against the company is blocking any updates. I find it ironic that the new CEO actually wants ERFB to lose so all shares are returned. Fine by me!
$ERFB
Mr. Edward Roush May 31, 2017
(b) you intend to seek the cancellation of all shares issued pursuant to conversion notices under the convertible promissory notes.
In informing the Company of your intentions you have indicated you are not seeking any monetary damages, costs, or attorney's fees against the Company. As a result, you have asked the Company to consent to any preliminary injunctive relief until a determination can be made by a Court with appropriate jurisdiction whether the issuance of the various convertible promissory notes and the subsequent conversion of principal and interest into shares of common stock of the Company was done in violation of the terms and conditions of the Series A Convertible Preferred Stock and the law, and whether as a result such shares issued upon conversion are invalid.
Based on your representations that you will not seek damages, costs, or attorney's fees from the Company, you may inform any Court from which you seek relief that the Company consents to the entry of any injunction to preserve the status quo until a final judgment can be entered making a final determination of the matters you have raised and the respective rights of the parties involved.
Might be my favorite part:
(7) Defendant is commanded and directed to take mandatory immediate action to make demand on any convertible noteholder after 2005 for the return to ERF Wireless, Inc. of all shares of common stock of ERF Wireless, Inc. received by such convertible noteholders from the purported conversion of principal or interest under such convertible notes, including but not limited from Angus Capital Partners, Tonaquint, Inc., JMJ, Willow Creek, Vista Capital Investments, LLC., WHC Capital, LLC., KBM Worldwide, Union Capital, and LG Capital, LLC. or their successors or assigns, unless otherwise consented to or waived in writing by Plaintiff;
Might want to read this ;)
https://efile.txcourts.gov/DownloadResource.ashx?RID=3637a1fb-d60c-4759-bbe3-e83a8e964d0b
In the OTC, it's all over the map. However, the right ones do it PM. And knowing that these guys are in Asia, a PM timing makes sense on that point too.
They saved you. Shorting here is suicide.
Thanks for info Floridany.
It's Friday. And OTC traders don't hold many over the weekend. Normal. And low volume day. If news comes, we're solid.
Yeah - I consider this a good thing. Dilution seems to have stopped and bid sitters waiting. Once we have a catalyst, this will bounce up big time. Patience on this one...
Pretty sure tweets said 28th
It's kind of a BIG DEAL that ERFB acquired Accordant Communications LLC for $1 a share. Check out these links and pay attention to the details about the company and the revs ;) (Only getting bigger...)
Some other Accordant Communications LLC info sites:
http://www.privco.com/private-company/accordant-co
https://service.ariba.com/Discovery.aw/ad/profile?key=AN01016118670
https://www.bizapedia.com/us/accordant-communications-llc.html
http://transportation-services.findthecompany.com/l/1859100/Accordant-Communications-LLC-USDOT-2507098
Uh...how did we miss this??? From July 19, 2017 ;)
SF Closes Debt Financing for Accordant Communications, LLC
www.scalefinance.com/sf-closes-debt-financing-accordant-communications-llc/
Accordant Communications, LLC (www.acc-com.com) is a leading telecom service provider focused on Broadband Network Development (copper, fiber or licensed or unlicensed wireless). Accordant has extensive experience at designing, integrating and supporting robust, secure, fully converged networks incorporating the latest solutions available in the telecom industry in both dense urban as well as rural environments.
With the financial advisory support of Scale Finance, Accordant has closed an institutional growth capital transaction through Fulton Bank, the lead banking subsidiary of Fulton Financial Corporation. To support significant contract wins and a growing backlog within the telecom markets, and to expand Accordant’s balance sheet, the Company engaged Scale Finance LLC to raise growth capital. Fulton Bank, through its Government Contracting and Technology Banking Group, provided Accordant an innovative working capital facility with critically important flexibility and attractive terms.
Accordant was formed in 2009 to provide critically needed services to the communications providers as they expand and upgrade their networks to meet the growing demands of their customers. The principals of Accordant have worked together as a team for decades and have the experience of starting and nurturing two successful telecommunication contracting firms and selling them to larger companies.
The broadband world is undergoing major changes. Wireless platforms such as LTE are delivering data speeds that were available exclusively via fiber optics only a few short years ago. The Accordant Executive Team has the experience of deploying a nationwide 4G network and has a full understanding of just what can be expected from this exciting technology.
Accordant provides turnkey, comprehensive Broadband Network Development – Planning, Design, OSP, Engineering, Construction, Construction Management, Turn-Up, Testing & Activation, Integration, Operation and Maintenance. Accordant is active and participating members of the Verizon LTE Developers Community, the US Department of Commerce’s NTIA PCSR Public Safety Network Demonstration Team and Smart Grid Interoperability Panel.
About Scale Finance – Scale Finance LLC (www.scalefinance.com) provides support in raising capital, executing M&A transactions, contract CFO services, and Controller solutions to entrepreneurial growth companies. The firm specializes in providing strategic advisory and management for companies raising growth capital and considering M&A/recapitalization opportunities, cost-effective financial reporting, budgeting & forecasting, implementing controls, complex modeling, and business valuations. Most of the firm’s clients are growing technology, healthcare, business services, consumer, and industrial companies at various stages of development from start-up and expansion to tens of millions in annual revenue. Scale Finance LLC has offices throughout the eastern seaboard including Charlotte, Raleigh/Durham, Washington, D.C. and South Florida with a team of more than 50 professionals serving over 100 companies throughout the U.S.
Trump suspends title III of HB Act and throws Cuba a bone...
http://www.cubatrade.org/blog/2017/7/15/trump-administration-issues-first-suspension-of-title-iii-of-libertad-act-will-there-be-a-second-suspension
Stop spreading lies. No trading halt soon. If you have commons they will be converted to warrants. Not like other one that was today. But warrants could be long term hold to get value out of them...years.
Only question I have here... I love the DD and know what HD Int is putting together, but have we verified that HD INT USA is merging with TRKG? (I realize names are same in NV sos). Just want to know that and we are golden.
Yeah. Sold most earlier. Riding freebies to see what happens. Just wanted people to know plan is pretty much settled whether they vote or not. Peeps can decide if warrants are worth value.
Dockets on vnr page.
Hang on to your shares :)
Except as provided below, all New Warrants distributed under the Plan will be issued in
book-entry form through the direct registry system of the warrant agent and DTC. The warrant
agent will be the transfer agent for the New Common Stock. The ownership interest of each
holder of such New Warrants, and transfers of ownership interests therein, will be recorded on
the records of the warrant agent and the direct and indirect participants in DTC. Holders of VNR
Preferred Units or VNR Common Units that hold such Equity Interests in DTC will receive their
New Warrants by deposit to the account of a direct or indirect participant in DTC in which such
VNR Preferred Units or VNR Common Units are held. Holders that do not hold their VNR
Preferred Units or VNR Common Units in DTC may designate a direct or indirect participant in
DTC with whom such holder has an account into which such New Warrants may be deposited or
have their New Warrants issued in book-entry form on the register of the warrant agent for the
New Warrants. Beneficial owners of the New Warrants will be required to follow the procedures
that DTC or its direct or indirect participants, or the warrant agent for the New Warrants, as
applicable, may establish for exercising their rights in respect of the New Warrants, including
exercise and transfer thereof. New Common Stock issuable upon exercise of such New Warrants
will be issued in book-entry form and held through DTC or the warrant agent for the New
Warrants, as applicable.
IF YOU WISH TO RECEIVE NEW WARRANTS AND NEW COMMON STOCK, AS
APPLICABLE, YOU DO NOT NEED TO TAKE ANY FURTHER ACTION.
What are we waiting for again? We're good here...
Houston – July 14, 2017 – (PR NEWSWIRE) – Vanguard Natural Resources, LLC (OTC: VNRSQ) (“Vanguard” or “the Company”) has reached a settlement with the Ad Hoc Equity Committee (the “Equity Committee”). Under the agreement, the Equity Committee agrees to (i) withdraw any and all objections to the Debtors’ plan of reorganization and (ii) fully support the Debtors’ Second Amended Joint Plan of Reorganization, as amended (the “Modified Plan”). The Modified Plan will include the following amended terms, among others:
The Modified Plan extends the expiration deadline for new warrants from three years to three and a half years for both preferred and common units of the Company.
Holders of the Company’s common units will receive distributions of new warrants regardless of whether two-thirds of the common units vote as a class to accept the Company’s Modified Plan.
The definition of “Exculpated Parties” will be amended to add the Ad Hoc Equity Committee.
The Modified Plan provides for the payment of up to $350,000 of reasonable and documented fees and expenses of the advisors to the Ad Hoc Equity Committee in addition to those previously agreed upon. No further fees and expenses of such advisors will be allowed or payable.
Furthermore, all deposition notices and other discovery propounded by the Equity Committee against any other party are deemed immediately withdrawn and any scheduled depositions are canceled.
http://vnrllc.com/2017/07/14/vanguard-natural-resources-llc-announces-settlement-ad-hoc-equity-committee/
Guys no halt here. Quit freaking. This will trade clean for a while.
No bueno -
"As with the Fourth Plan, existing equity will be deemed valueless through an administration of the company in the United Kingdom and current shareholders are not expected to have any recovery. Both the U.S. Trustee and the court have declined to appoint an equity committee in the Paragon cases."