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Have you not noticed that we've had news averaging about once a week for the past five weeks? And we will likely receive more news this Friday, or early next week when our acquisition closes.
I'm surprised you're still complaining about a lack of news... I'm thinking that maybe you're just not paying attention.
That, or your random complaint rolodex is in need of some major revisions... The complaints you're using just don't seem to fit anymore... Though if that's too much work, I'd be happy to recommend you a few stocks that your database of complaints would still be relevant to. I agree it'd be a shame to let all those good complaints go to waste.
And I seem to remember there being some debate as to whether that 70% of Sunbay was actually paid for using Newlook's shares (as claimed in the PR), or if WLSA paid for Sunbay entirely using its own resources (as Newlook's recent filings made it sound). So if someone knows enough to answer Brad's question they may want to tackle this one too.
Dumar has mentioned he's currently pushing JS on this need for fairness. If anyone else has contact with the company, this might be a good point to drive home. If JS could do one thing to help restore investor-confidence, it would be this. If the managers of Enwise, Innovative Solutions, Fanotech, Sunbay, etc. are not pushing JS on this, then they do not know the extent that Newlook has screwed us. THEY SHOULD BE MADE AWARE. Or this injustice will perpetually mar the companies reputation with investors, and will perpetually stand in the way of its ultimate success!
Actually NO! There's really only ONE thing JS could do to make me stop complaining... What I want... And what you ALL should be demanding... Is that Newlook takes the steps to become an EQUAL partner of ours. I want us to have EQUAL ownerships in each others companies! No more of this crap where they are pretending to be our managers, entitling themselves to massive management fees, management loans, management favours, etc!
I want NLI to either:
1) Issue WLSA the number of NLI shares required to bring our ownership percentage of NLI up to the point where it equals their ownership percentage in WLSA
... or, better yet ...
2) For NLI to RETURN the number of WLSA shares required to bring their ownership down to the point where it equals our fully diluted NLI ownership.
Considering all they have taken from us, all they have done to us, how would this NOT be a fair exchange! If we had a real CEO, one who didn't have MASSIVE conflicts of interest between these two companies, we would OWN Newlook by now! The LEAST we should get is an exchange to bring us to equal ownership. This is what I want! This is what you ALL should be demanding!
Damn, I guess the market has decided not to open today. Don't tell me, another religious holiday? I guess there's nothing worth staying up for, hopefully next week will be our week.
True, I do like the sound of the perpetual license part of the deal, assuming we have the people to actually get Fanotech into the American market.
I'm going to try to withhold as much judgment as I can until I get a feel for how the whole NLI-WLSA exchange is going to take place... There is clearly a lot more to be revealed here. I am just really nervous that Newlook is still very much running the show... And in the past Newlook hasn't always had our best interests in mind.
I think what people wanted was for Newlook to invest their resources into the purchase of Fanotech and to offer the USA rights to us as partial compensation for the 6 million dollars they took from us. Wasn't that the original plan?
Damn, I just realized that my interpretation was incorrect...
I said... "We got Canadian AND American sales rights".
And I said this because of the excerpt: "Vertility Technology Corporation has acquired an exclusive and perpetual license to manufacture, market and sell all products currently manufactured by FANOTECH Enviro Inc. and FANOTECH Waste Inc., of Bracebridge and Huntsville, Ontario, and that this license will extend throughout the United States of America.
Again, those damn vagaries... This can be interpreted as... We purchased all rights including the US... Or... We purchased all rights in the US.
Though the rest of the PR makes it pretty clear they are talking about the latter.
Now, dumar's statement of Fanotech receiving 50% of NLI (and his extended rant) finally makes sense to me...
sun, I'd like to wait until after we see the status of our Sunbay projects... And I'd like to wait until after we see the amount of money we have pouring in from Enwise, Innovative Solutions, and Fanotech... Before answering that question...
In the past, I've agreed with many of your criticisms of JS, though I have a hard swallowing your suggestion that his (and his family's) purchase of over a million dollars in WLSA stock... Is akin to "SUCKERS INVESTING IN A LOTTERY TICKET"... I'd like to believe the guy has done at least some DD into his investment here.
By the way, I'm dying to know whatever happened to those 148,000 shares you owned at one point... Please don't tell me those were your shares I was buying back at 2.5 cents.
I seem to remember that Copernic was prepared to pay around $1 million worth of stock AND $1.5 million in cash for Fanotech. And, this may or may not have included American sales rights.
http://finance.yahoo.com/news/Copernic-Offers-to-Purchase-iw-1160822113.html?x=0&.v=1
We got Canadian AND American sales rights for $1 million in stock. And that's it. Something tells me they're pricing our stock at something substantially higher than 10 cents.
dumar, what makes you make these statements: "Fanotech will get a buttload of NLI shares" ... "If they get 50% of NLI" ...
It sounds like we are purchasing Fanotech based solely on the payment of WLSA stock. Why would they receive anything else?
This does look promising, though I'm still confused about how Newlook fits into this.
I'm working on it
...I'm just waiting for mgmt Bios, % ownership in subsidiaries for each company, and links to all the separate divisions...
We could probably expect to see a new Newlook name and website as well... They let the registration of their old one lapse:
http://www.newlookindustries.com/
This is the third time that I've seen, where this Tony Clement guy has mentioned Fanotech as part of his campaign for office. I wonder what his connection to Fanotech is.
"He is also encouraged by expansion plans at Fanotech in Bracebridge and Huntsville"
http://www.fm1055muskoka.com/election-2011/tony-clement
“This is good news for business in our region like Fanotech and Connor Industries, which benefit from a strong Canadian economy, low taxes and ongoing efforts to open international trade markets,” said Clement. “A re-elected Conservative government would stay the course, and complete our economic recovery.”
http://www.hereforparrysoundmuskoka.ca/news/
"Connor Industries and Crofter’s Organic in Parry Sound, Fanotech in Muskoka and Kent Trusses in Sundridge are some of the local companies that benefit from improved trade opportunities Clement said."
http://www.muskokaonline.com/Start/tabid/110/ctl/ViewItem/mid/765/ItemId/1338/Default.aspx?SkinSrc=/Portals/_default/Skins/PortalWebBlueSkin/Portal950&ContainerSrc=/Portals/_default/Containers/PortalWebBlueSkin/BlueCont3
Renewable energy - Featured Article
Wireless Age Extends Corporate Reach with Latest Green Energy Acquisition
Company officials stated that Wireless Age has positioned itself to benefit from the rapidly growing 'green' and renewable energy marketplace. To this end it has been adding environmentally focused and cost-saving solutions to the business and corporate sector.
This strategy of helping companies reduce their 'carbon footprint' and offering increased energy efficiency to the commercial sector gained further ground when Wireless Age Communications acquired Innovative Solutions.
In conjunction with the acquisition, the company has launched a new Web site for Innovative Solutions that highlights their solutions and technologies. Innovative Solutions has provided clients across North America with operational cost-saving solutions for more than 15 years.
In a press release, Roland Kielbasiewicz, President of Innovative Solutions, expressed great pleasure in joining the Wireless Age group of companies and commented that their dedication and vision of building a world-class selection of truly efficient and green-focused products and services was a perfect fit.
Wireless Age acquired Innovative Solutions for a payment of 1.5 million shares and a further 1.5 million shares when the performance target of $5.0 million in revenue is achieved. There will be an additional 2.5 million in warrants when the $10 million target is reached.
"We are very pleased to have Innovative Solutions join the Wireless Age family of companies. The acquisition of this dynamic organization enables us to offer increased energy efficiency to the commercial sector and empower environmentally minded businesses to reduce their carbon footprint," said John Simmonds, Chairman and CEO of Wireless Age Communications Inc., in a statement.
Kielbasiewicz concluded by saying that Innovative would utilize Wireless Age's greater corporate reach to deliver its unique services to the commercial sector with increased operational savings by leveraging shared best products and practices.
In a related news release, Wireless Age Communications, Inc, announced that it has acquired 70 percent of Sunbay Energy Corporation.
http://green.tmcnet.com/channels/renewable-energy/articles/165819-wireless-age-extends-corporate-reach-with-latest-green.htm
I also agree that putting down long-term investors, and telling everyone who disagrees to "sell" is definitely NOT behavior befitting of a moderator...
dumar, I'm pretty sure we have the power to strip you of your post if you don't start acting as you should...
Do you really want to take the chance of loosing your moderator position to one of the "undesirables" like... say... me?
I think a better question to ask is: Who HASN'T been here 5+ years? Is there any other prominent poster besides dumar, who's been here much less than that? I'm thinking no.
And the reason we've all been here that long... is the same reason dumar's been here as long as he has... because we've all fallen for the charms and promises of one John G. Simmonds.
By the way, the fact that you think this is defined and limited to exactly the "T". Does NOT speak well for your ability to discriminate between the explanation given to rally the uneducated masses... And the REAL underlying motivation! Before you embarrass yourself further, you may want to do some basic research into the party's major financial backers.
I think it was wireless phones... AND prepaid phone-cards
You have to admit though, it takes some balls to continue throwing good money after bad, and it doesn't always work out so well as it may have worked out here...
I'm pretty sure It wouldn't take much digging to even discover posts of yours that revealed frustration, doubts, and heaven forbid... criticism... at the time.
Agreed... And I suspect we have yet to fully appreciate everything we got from this dilution... Newlook didn't pay us in shares... But I suspect they paid us with something useful.
I think some people (probably me included) are looking at the company's dilution... Like they might look at something like... say... taxes...
If given a choice between: A company with no dilution and no growth... And a company that is rapidly diluting, but growing at a rate that far exceeds the rate of dilution... Their conservative nature forces them to support the non-diluting company... They then sit back and watch their wages stagnate, their environment and health deteriorate, their children get dumber, and their competitive edge disappear... All while the rest of the world takes over the lead in technology, education, infrastructure, and growth!
Keep in mind, that part of the catalyst for the initial rise in price from 2.5 cents... Was the management's promise to fund operations through the purchase of 8 million WLSA shares at 5-cents (100% greater than the price at the time). Also keep in mind that until 6 weeks ago, the price WAS consistently 5 cents.
So... I don't find the 5-cent price nearly as unnerving as I find the fact that they choose to dilute, rather than purchase NLI's stash. And... before dumar chimes in on this again... Yes, I am still aware of that lame excuse the company gave explain this decision.
http://www.marketwire.com/press-release/Wireless-Age-Completes-Financial-Restructuring-PINK-SHEETS-WLSA-1274844.htm
Ouch... My suspicion is that sun's decision to hold back on his ramblings had more to do with his earlier promises to do so... And less to do with cowardice... I'm pretty sure the guy is capable of bashing regardless of the price and I'm not convinced it's wise to throw down any challenges for him to do just that.
I still think it'd be fun if you two entered into a bet... Within the next 4-weeks... If the price closes above 20 cents for at least two days in a row, sdsun (and his aliases) promises to disappear forever... If it closes below 5 cents at least two days in a row, you promise to disappear... To sweeten the pot, I'd be willing to disappear either way, if the winner so chooses...
And as for you... I wish you could think of something more creative or constructive to say than SELL SELL. That chant does nothing to defend the quality of your stock, it does little to discourage the poster in question, and it makes it painfully clear that you value cheer-leading far more than you value discussion.
I can't speak for pope, but one of the reasons I "bash" is because I fall into the "tough love" camp far more than I fall into the "unconditional love" camp. If I find something I disagree with, I want it out there. I want people discussing it, debunking it, bringing it to the attention to management. I don't want management thinking they can screw us without receiving at least some blow-back for it. Often when I post, it's me trying to do my tiny part in improving the quality of the investment long-term, even if it's at the expense of short-term gains. When you post, it just comes across as someone who is trying to bump up the price long enough to sell and move on.
sun, WILL YOU PEOPLE NEVER LEARN... Whether or not JS is the ideal citizen... is IRRELEVANT if he is able to get the share price up.
You want to see the "VALUE", just look at the share price. Many of the people here, even the ones that bought in before you did, are sitting on substantial profits because they were buying while you were bitching.
You, if anyone, should be able to recognize, that JS operates toward his own interests... With him and his friends investing over a million dollars in this company. I hope you are smart enough to recognize that increasing the shareprice WILL satisfy his own interests... And drinking the kool-aid will be a hell of lot more profitable than bitching on the sidelines... Even if you disagree with the morality of it.
Whether or not JS's actions are "felonious in a decent company" is completely irrelevant. This is my point! JS's actions are completely legal in pinksheet land. So what the hell are you complaining about?
The guy is behaving in his own interests... And the best we can "HOPE" for is that this might partially align with OUR interests. And anyone, who doesn't agree with this, while simultaneously stating "Tea party - That's a good thing", either doesn't understand what the "Tea party" stands for, or doesn't understand what happens in the land of the pinks.
That's a fair criticism... I agree that wasn't the best way for me to phrase what I meant...
What I meant was: I don't want to get involved with the 'lets attack JS for slighting shareholders rant', because I have already made my position extremely clear when the private placement was initially revealed to us.
And, what I think I DID make perfectly clear in my post, is that the conversation I WOULD like to get involved in... Is the one where you mentioned... and I quote... "Tea party - That's a good thing"...
However, under the rules of the TOS, the only way we will be able to hold this conversation... Is under the guise of the existing WLSA conversation... So lets have at it!
I suspect if Newlook's share price was closer to 5 cents when trading halted, he would have bought their shares at 5 cents too... If you remember back, WLSA was selling well below 5 cents when he first started talking about a private placement with us, so 5-cents isn't terribly unreasonable (except for the fact that it was JS's failures that drove us to 5-cents).
Like it or not... It is what it is... And if piss-ants like us expect to ride along on JS's wave to success, we have no real choice, but to grin and bear it.
Edit: Oops, this response was intended to be directed to zone.
I pick WLSA(.125)... This time I mean it... :)
I would hope JS is good enough at his job to know that you can't break news like this... Without following it up with some really good news about our future. Lets just wait and see what he has in store for the next couple of weeks.
Wlsapope, I don't want to get involved with this conversation, people already know how I feel... I just want to point out the irony of your statements... In previous posts, you have stated your staunch support for the "tea party" and for the idea of true capitalism... But... Now that you are getting a taste of what true capitalism actually means... You bitch and moan...
You are either a defender of governmental regulation and governmental protection of little people like us... Or you are a defender of corporate greed... Take your pick... But don't simultaneously bitch about the realities of your choice.
I fell asleep right after posting those links and hadn't explored them much myself. Anyway, I just watched the second video the ISI people posted, and can definitely see a demand for this stuff. I wonder how widely used these things are. I noticed a contraption (which actually resembles the one on the fridge-video) was recently added the vending machines in our local university. It uses a motion sensor to identify when people aren't around, and cuts motors and pumps during those times. So, it isn't uncommon for energy-saving contraptions to be retrofitted. I'll have to take a closer look at who makes that thing on our vending machines.
And the youtube developers got a little ahead of the web developers... That youtube video has since been pulled down... I presume because they didn't want to be promoting a site that doesn't exist yet.
As far as how much these companies benefit one another, I think the biggest advantage might be through simple awareness... Each of these businesses offers non-essential services, that may not attract much attention individually. But, increasing the variety of services, increases the chances of bringing people to our websites. And once there, they might find a lot of stuff that interests them. It seems JS is possibly shooting for being a sort of one-stop-shop for green technologies. And I think there could definitely be a demand for a one-stop-shop for green technologies.
At first glance, many of the things on that site made me uncomfortable... Including that video. It's just that the things they offer are so similar to all those scam products one finds on the internet. Things like, run your car on water, power your home using magnets, increase your gas mileage using dozens of unproven gadgets, etc.
I suspect many others will have the same impression, and even if their products are legit, might have a hard time overcoming this.
As far as that video goes, I agree that it could potentially be interesting. I'd have to look into how effective that technology is in actual real-world implementations.
And from an investment perspective... I can see how throwing together a conglomerate of loosely-related businesses would likely allow for a much more dramatic and prolonged increase in share price... As apposed to waiting around for all the permitting, funding, construction, etc. of a handful of power plants...
Actually, I'd like to retract the last part of that statement... I can recognize something useful and interesting in each of these companies... And this shotgun approach to running a business might actually be useful in what may otherwise be an unpredictable and unreliable sector.
As long as these events don't mean we're getting out of the waste-to-energy... And as long as these companies are bringing in money... I guess the more, the merrier... Though (except for Sunbay) none of them strike me as being particularly groundbreaking, useful, or interesting...