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I thought I made it clear to your ghcnj. You can sell your shares via Scottrade if you are so inclined and they do not have an issue about the validity of the existing shares or they would halt any selling as well until it was cleared up.
If you are attempting to imply that Scottrade is short RCCH or in any way connected to NSS of their securities then you have bought into Newtons contention about short selling with E-Trade and the rest. ST makes too much money selling and buying for clients to get involved with such things IMO.
We already went thru the share structure issue ghcnj. I never said that IWS should be without a share structure and gave you a good example of my own company and what we did and it was certainly not for 550M shares....it was 1M. So ask yourself the real question here. Why is it 550M and you will be onto the issue that was raised in reality.
In my communications with Claude Smith I never got the idea that IWS was anything but a 100% subsidiary of RCCH. And yes, he went silent in June along with Newton so I have nothing I can share except he did say they were pursuing more contracts without giving any specifics.
No doubt if you could reach Claude Smith and he was willing to talk to someone about the status of RCCH/IWS he would know for sure.
We are raising the issue but perhaps everything is like we were led to believe in the first place. I just think it is suspicious there are so many shares filed in Florida. That seems very strange to me.
You can sell your Scottrade shares no problem so I think that issue is mute at this time. That I did confirm.
What else did he say bag? PM if you feel inclined. This is the first post I have seen of a recent conversation. It's interesting.
The shorts were taking their shots at .02 if they exist at all.
Down here there is little to be gained financially without a great deal of risk IMO.
I suppose one "guess" is as good as another. We need facts now.
Thanks Bag. Of course he told that to everyone but this share structure issue with IWS raises a RED FLAG as if we needed any more. If IWS is a subsidiary of RCCH legally then we have what we paid for. If there are loopholes in it then we own a shell with Lord knows what kind of assets involved.
Let Newton prove to us that IWS is a subsidiary and wholly owned as he has represented. If it is false, then he will have SEC issues no doubt down the road. In all of his PR's as I recall we are a one horse pony show which revolves around
IWS. Imagin if RCCH as a corporation holds 10% of IWS for example. Then we have a problem. Right now we don't know what is up....maybe someone can get ahold of Newton for comment. Then you have his "word" again to believe in. Show some factual proof of the RCCH ownership in IWS is what I say.
To my knowledge it is only Scottrade that restricts buying of any kind. It sucks if you want to average down and pick up a few more lotto tickets.
Good post bag. I feel exactly the same way. We were already down a ton on this stock since last March. There is too much negative sentiment for a .0002 drop. The % looks bad but the
major dollar damage was done long before.
Well stockwinner with this stock .0002 or .0003 on the downside is nothing. We have had days when it was .0050 or even worse in intra-day trading.
It settled down here because of Newton's policy to go after an uplisting and go silent on us for months on end. Then he breaks the silence and tells us their are delays with the contract rev's. He needs to show some new contracts to get the value back into the stock. Does he have any? Well that is the question and we can do nothing but wait for the answers to that.
I don't like this situation with IWS's sharestructure. Newton needs to address that ASAP in some way.
Well ghcnj you can really load the boat now and put your money behind your beliefs. If anything you are saying about RCCH has any merit to it then money will be made here. If not, well lesson learned about Gene Newton is about the size of it.
The issues discussed on this board over the weekend and today were not of our making. That was all about Gene Newton our wonderful CEO. He is the one who placed 550M shares on IWS...not us and we knew nothing about it until Durkk discovered it and apparently yourself as well.
I am talking before your time daytrade when the PPS was holding around .015-.02. The slide happened into the spring and early summer and had nothing to do with anyones posts.
We got a sell-off of .0002 today. Big deal. That could change if Newton comes thru. People aren't caring if their PF goes down by 2 thousandths of a cent. That is nothing. I would be concerned if there was no bid. But there is a bid at
4 which is holding up.
Agree with you Day Trade makes little sense to sell at the bid or ask for that matter but some folks decided otherwise for better or worse.
Has anyone been able to come up with a legal document that shows that RCCH has any shares of the privately held IWS?
The PR's of course lend one to believe that but do we only just have Newtons word on this?
Yep no possible way via Scottrade....triple checked that option.
I don't think he has much of anything else Kramrer. Up until the quiet period 99% of what he talked about was IWS. If there is something more in reality....cool but not counting on it. But to each his own on that issue. A full public disclosure would give us something to kick around and perhaps put some value on if there is anything besides IWS.
After this weekend this stock has far more questions than answers attending to the underlaying fundamentals. Clearly, I made a serious mistake in relying on Gene Newton's word for anything. I should have known better I guess but didn't think he was completely full of chit. Well the market said otherwise and I got nailed but good. Maybe it will turn around and maybe not....I have no expectations for success.
Wasn't refering to you ghcnj. You already posted your views haven't changed concerning RCCH for now. Since you have TDA you can get the cheap shares you wanted now and that is all about Newton not anything to do with posters opinions.
Agreed the selling is overblown and much more related to the panic some feel when the PPS dips. It will bounce back in time but no predictions on all that. Seen it a hundred times with penny stocks. Usually they reach a bottom and settle out.
If Newton is dumping shares to finance the overhead well thats his issue as I think he has been doing that for quite some time.
Who's worrying? Not me. Think I know what I have gotten myself into and will ride out the day to day PPS action.
If I could buy more shares via Scottrade I might do it but alas that is not an option at the moment. Got some family shares yesterday and now down by 60%....no biggie.
Not infering you thought that way and we agree, it is not a scam. Perhaps Newton will enlighten us as to why the share structure for IWS looks like it does. There might be a spin off in the works. Don't know. If I get any shares of IWS with Newton out of the picture I will hold them. Smith I do like but Newton has made some major mistakes along the road
and we are likely stuck with him as he is the largest shareholder. Ideally, I could get some IWS shares and dump
RCCH shares....that would work for me if it goes that way.
Probably the next thing we will see IMO is just a lengthy delay in this uplisting business. I think the last PR was used as a heads up even though he said the uplisting was on schedule. Who's schedule? Not dead...Ok cool. Time will tell.
No agenda for that daytrade. I have shares but can't buy any more via Scottrade....LOL.
Thats why I sent Mr. Newton a copy of the SEC indictment against USSE and Mr. Rivera. To give him a heads up as to what could happen to lying CEO's. Of course he didn't respond as I fully expected....him not to.
His habit of using the total cost for construction projects in the PR's he issued was appaling to say the least. Very misleading to anyone who read them. Well it got hammered big time for that from investors and others. Subsequently we learned from Mr. Smith that the revenue stream would be 3-7% of the total costs involved not 20-30% as some speculated on the board.
As I said, the truth really hurts no one unless the CEO has some hidden agenda for enrichment or is just full of BS naturally. I don't care for Newton but like the IWS sub and thats the only reason I am still around.
Yep, well after my conversation with him he might have realized that saying something like that was pointless. It was just a red flag to me.
About half of what he told me has come true and that was the confusing part in dealing with him. The other half did not happen and that cost me money.
Maybe he will change his stripes and be forthcoming. I really don't know but I would take whatever he says or PR's with a large grain of salt....notice I didn't say arsenic...LOL.
The Truth would do just fine in the future.
I am sure JJ wouldn't mind me saying we have been in touch for months and HE IS A SHAREHOLDER. Thats a fact. Disgruntled like the rest of us....oh yeah but holding. Thats why he follows the board as he does, hoping for the best but willing to look at both sides of the issue.
I think this SCAM word is being used to loosely by some. They have or had some contracts which were verified by independent third parties in the past. They have EPA approvals and state approvals in some cases. They are open for business and the list goes on.
However we should realistically discuss the issues pro and con.
Lets see if he pulls off an uplisting with the requisite financial disclosures....shall we?
Its not a SCAM ghcnj. Just hit on some hard times right now.
At 5 x 6 there seems to be plenty of cheap shares for those who can buy on-line.
Lets not be to hasty olderhanu....maybe there is some substance to this thing. Frankly if they spun this off and gave us 1:1 shares in IWS or something and Claude Smith was running the show I would feel better. Newton is a write-off IMO.
Gene started out by saying he was a graduate of the USC School of Law. Then I asked him what his LSAT (Law School Admission Test) score was. You need a percentile of 85%+ for that university. He didn't seem to have a handle on that. Then he
said it was this school.
http://www.cslawschool.com/
Then I asked him what his first year Baby Bar Exam score was and he changed the subject. I went that route and was curious.
I certainly didn't make it up. But its water under the bridge now. Maybe he has wised up and will stick to the truth when talking to people....it really does no good to do things like this with investors or potential clients.
Gene may have tried the lawyer bit on me and then ditched that idea....LOL. This was back in Feb.08. His wild euphoria did
decrease from month to month thru June. Maybe he got a good dose of reality....LOL.
I did pick up my father-inlaws shares yesterday for FWIW and paid .0015 for a transfer. I put him into the stock at .015
so he still lost 90%.
City of Villa Park minutes re One Fi Installation. Financial
cost...None. So it looks like it is a freebie for testing purposes??
http://www.villapark.org/Agendas-Minutes/042208/20.PDF
The City of Villa Park, California:
http://www.villapark.org/history.htm
I see in the Nortel white paper than they expected to have a WiMax network established for Alberta province in Canada by the summer of 2006. Targeted to remote locations and those underserved by traditional wireless. Then it says they will link 4,200 government agencies etc.
Their test of the system produced a signal of up to 20KM or
around 12 miles it says.
Nortels new partnership with Alvarion in Israel is no doubt
a further enhancement of their product capabilities. Perhaps someone from OneFi can explain any unique characteristics which their own product might have in laymans terms that we can understand without a EE degree. LOL.
This is the type of discussion which would be interesting to know moving forward. As you can see from the White Paper this is alot of information to take into consideration but if you can wade thru it all you will be better informed about RDWG/OneFi and that was actually my goal here for the past few weeks.
Darn good post pennies. That white paper by Nortel gives alot of information to everyone and posts like yours are what makes a board such as this valuable in considering the options.
I sent this email to the technical person there. I have asked before what was unique about their technology and he asked for something more specific. Will let you know what I hear.
I have been following OneFi in their WiMax project. You state that your product can deliver signals out to a range of 10 miles+. Does the Nortel-Alvarion product have the same capability or are you unique in your industry?
Look forward to hearing your response. Best of luck.
XXXX X XXXXXXX
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It's only a deal if it's where you want to go. Find your travel deal here.
Good post SA. I have probably posted more "opinions" than I would like to see with a stock like this. Who knows, there could be a string of PR's or other information which becomes available which sways me to buy more RDWG. That is always possible and I have an open mind about it.
Starting up a 24/7/365 company to support WiMax takes alot of money, skill and time to accomplish. Is Travis the man for the job? Well some think so. To me he is an unproven entity.
Anything could happen there. Three years from now he should have gained alot of experience and learned from his share of mistakes which are inevitable in a new venture. Travis has essentially hired himself to run the show. If he was applying for that job in a normal business setting I am extremely doubtful he would get an interview much less the job. As everybody knows in their own careers experience in the field you are trying to work in has monumental importance. I will leave it at that.
At this point I can't even begin to guess how the share structure at RCCH and now IWS is divided up. Often preferred shares are convertible to the common.
If we could see exactly who has what in RCCH and also in IWS then we could make better judgements. As it we are left in the dark.
Also the share structure is dynamic and will change from month to month even if we did have a snap-shot of what it is now.
A year from now the market cap could still be what it is but
our shares worth 50% less. You never know with these things.
For sure Gene has more riding on RCCH than any one of us do.
I think he does hold 51% of RCCH as I recall or did. Now with this 50M shares of preferred stock in IWS as reported by Durkk he is probably in very fine shape for whatever happens. Usually the preferred is held by insiders like him and Smith.
Trent you played it right and I didn't. Simple as that. Based on Newton's representations I should have been right about it being worth .03-05.... my targets. Well Newton sold me a bill of goods and it cost me about $7,000 in actual losses. At one point it was closer to $9,000 but I made a little with some trading. Since late June it is much harder to squeak out a few bucks here and there. Now with Scottrade placing a trading restriction on any buys I don't have that option.
I won't change to another broker just for RCCH.
Could be you'll get that retirement one of these days if you have 5 years to wait.
Ok tiger. You say it is "much ago about nothing" and good for you. However when you have very major corporations investing billions of dollars into WiMax it is not nothing IMO.
OneFi is making some progress granted and thats all good. Are they massively under-capitalized? No doubt. Will Travis and his few hundred thousand dollar buy in really make a difference in this arena? Well you be the judge. Thats what makes this type of investment fun. They rarely ever do what the supporters are hoping for but it could be 1 in a 100 that
performs.
I mentioned to someone that OneFi and especially RDWG are a dandruff flake on the back of an elephant. Can you carve out an investment payback from your stake in RDWG? You bet you can and thats cool. I would like to see more before I put any more money into RDWG. If Travis can form a 24/7/365 day company to support WiMax that retains its customer base and grows you will most likely win on your bet. It won't happen overnite but apparently you are willing to invest the seed capital with alot of patience to make your money pay-off.
The trend in the penny markets has been extemely short term
plays after a disasterous past 18 months where many story stocks have tanked and cost people their hard earned money.
RDWG will be a niche player (with a story stock) in the years to come if they last that long facing very tough challenges all along the way including massive competition on the pricing of their services. They want to charge $29.95 for wireless connectivity....Ok fine but what happens if the price must drop to $9.95/mo due to innovations made in the technology.
As everyone knows, services and technology get cheaper not more expensive when there are legitimate competitors out there.
Right now the cable companies have a good deal going but what happens when you can wire up your lap-top to your TV set and
get all their services at a much cheaper monthly rate? This is the trend to consider.
When people pay $29.95/mo for connectivity they will absolutely demand that it be highly reliable 24/7/365. With RDWG you are betting they will form such a company somehow and that Travis has the leadership to pull it off. At this point we don't know enough about the man to make a call in reality.
If you are still here in 90 days I will be surprised but good luck to you.
I can see why you have been buying shares with your views.
In another 6 months you should know how it all worked out for you. Maybe you will hit it and maybe not. If you do then you will feel great and if you miss or go sideways it will be a lesson learned. Its not like a million shares cost $15,000 anymore like I paid once to my deep regret. You probably did too but have brought your average way down like many posters on this board.
Hi Trent. Well as johnnyfibre just posted yesterday as I recall the company owes Newton $880,000 on a 6% note. Don't know if there is more yet to be disclosed or not.
IMO the company won't make any money in 2008 or even possibly 2009. I am just concerned they get enough cash flow to pay the bills and overhead...LOL.
I know you have quite a few shares and I hope for the best.