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Its a holiday on Monday....better give him until Wednesday to explain this. It looks fishy to me but maybe there is a reasonable explanation as to why IWS has authorized 550M shares for this private supposedly wholly owned subsidiary.
I looked back at your posting history to see where you were coming from about your claim that you posted the Jamica info before anyone else. You had no such posts on Jamica prior to the PR on 8/04 or even several days after it.
But you did have this interesting post claiming RDWG would run into the quarter or half dollar range:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31351839
Back to the drawing board huh KOP? You aren't doing so hot
today with your statements BTW. Good luck to you.
Glad to hear it KOP.
Up until now, I thought IWS was a 100% solely held subsidiary of RCCH. You got to wonder why they would authorize 550M shares in a privately held company that was supposedly owned
by Newton. Have they or do they plan on selling these shares privately....could be. Gene has some explaining to do on this.
CJ arrived at an opinion on RDWG from several sources....that was made clear in posts. But you have your secret proof to ponder and like you said what difference does constructive opinion make.
You have NO PROOF and you know it or you would have already
posted it. So far I have seen NO PROOF that you have ever emailed or called anyone in your quest to convince us RDWG is a buy at these levels.
So, I take it you will be a buyer on Tuesday?
LOL....KOP.
You got the email address and it was also in the email from White so the ball is in your court once again.
I would like to see you share your speculation as to what "proof" you are talking about or is that just more hot air?
Or perhaps it is secret information which only you possesses?
My take is that you have never talked with Travis in any way
based on the history of your posts.
Durkkdiggler dug this filing in Florida up. Question is why do they need 500M common shares + 50M preferred for IWS? Ideas?
Haven't seen this on the board before....thanks Durkk.
http://www.sunbiz.org/pdf/17590222.pdf
Travis could start with communicating with investors and not ignoring all the emails and phone calls he gets. If he doesn't have an investors relations firm anymore handling that for him it IS HIS RESPONSIBILITY.
I spent 95 minutes on the phone with him on August 3rd., a Sunday morning. We covered alot of ground. I was interested but the PPS was then around .0030 as I recall. Didn't buy until it went to .0006 on Aug.7th but I had been able to do some DD on it in that 4 day period and was ready. Since then I have tried repeatedly by email and phone to reach Travis and he has ignored my attempts and I am not alone. That doesn't do much for ones confidence in Travis Grimmett. I am keeping an open mind about him but am skeptical at this point after my experiences with other CEO's good and bad in the market in general. I have been investing since 1973 when I got my first stock options as an employee at AMD, so I have heard quite a few stories. No communications is difficult to deal with.
Quite to the contrary KOP as far as Invest Source the IR goes.
They are more than happy to tell you that RDWG bought a plan which was for 30-60 days duration and it expired. So, it was
a plan by Travis to just use them for a short period of time.
Please verify though. Paul's cell phone# is: 714-613-2163
So your wild assed guess is again baseless.
And in the pinksheets like we are with the massive history of
half-truths, lies, deceptions and so on that takes place on a daily basis you must be really out there somewhere to put blind faith in a Las Vegas CEO. That is a receipe for disaster as you should know. Indpendent third party verifications of anything CEO's on the pinks have to say should be done wherever possible. Failure to do so put your
money at even a higher risk than it already is playing with
penny stocks. You have an opinion about Travis....Ok, fine
but don't expect investors to shut their eyes and not check as thoroughly as they can about whats actually going on. Far to often it is a fictional story with embelishments if not outright lies. But continue on with this line of thinking, there are plenty of people willing to take your money if you are sleeping at the wheel.
Yep your 7 year old nephew could have made the posts you do as well....thats a given KOP. Anyone can verify with the CFO of OneFi the authenticity of that email outlining the stake that RDWG holds. I certainly didn't make it up but you on the other hand would be capable of such an underhanded move IMO.
The email address for the CFO is on their website. Its no big secret: http://www.onefitechnology.com/ Click on financial for TWhite.
That question of how RDWG will find the money in the time alloted is the key question that everyone should focus on.
They could dilute in an attempt to raise more cash but that option at the current PPS may not be that attractive. Travis could attempt to raise capital thru a 144 of restricted shares or heaven forbid he might take a swing at a convertible debenture. Those options are apparent.
Someone posted yesterday that Travis could finance the purchase of an additional stake in OneFi by using financial institutions such as a bank to collateralize his existing
holding into some type of a loan. That would be tricky and involve a great deal of DD on both OneFi and RDWG by any lender. I don't think there is enough time left for that option.
OneFi on the other hand has more options. They could find
venture capital or perhaps private investment to acquire the stake that RDWG doesn't take. They are actually the ones making the progress.
If there is some kind of deal in Mexico it would be interesting to know if its RDWG's or another OneFi venture.
So far RDWG has been kind of on the outside looking in.
In addition to the million bucks needed to complete 40% stake in OneFi, RDWG will also need cash to fund its own expansion plans in Las Vegas and elsewhere. I hope the next person who reaches Travis asks that key question and reports it.
I am not "screaming the sky is falling"....LOL. Kicking the tires is healthy....this post by you shows the perspective you are working from. Not much substance to it like all your posts but hey you are deeply underwater and I am not at this PPS...so go figure. My first purchase of RDWG was at .0006.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31379661
Pump on bud.
Good post Alibi and thats my take as well. Concerning, "chet was to busy with all those roadwing people", I think you will find that RDWG is most likely a one person company....Travis Grimmett. That is speculation on my part....if anyone knows differently chime in.
Thanks to chuck for providing the updates on Villa Park thru his connection with the City Mgr. there....that is important information going forward.
Very intelligent come back their King of Pennies....LOL. Please continue on your way with your indepth reviews of the situation. This pest was the one who found out what the percent of ownership actually was between OneFi and RDWG among other things. You have come up with zilch except your to da moon nonsense. Certainly no DD of any kind.
But continue to point out you are post #11111 and all that stuff as it adds greatly to the picture we are trying to form concerning roadwings.
Since your money is invested with RDWG you could think about
that end of the spectrum more than you do. We all know that
OneFi probably has dynamite technology and may do well. The
question is does RDWG have the financial resources and business accumen to be a success? The jury is still out.
So do I. Was in the Silicon Valley selling computer chips and high tech equipment for 20 years. Nearly every CEO had a technical degree or alot of hands on experience. In this case you have a gentleman who has experience in the BBQ business now running the operations of a WiMax company. Take it for what it is worth. Personally I would feel better if he had a technical degree or at least formal hands on experience running a tech company.
Then you have the whole learning curve associated with managing a public company to go thru. Travis told me about 3 weeks ago, just before that black Thursday that he would need to sell shares of the company but he had put the whole thing in the hands of a California market maker. Well you saw what happened. Nearly 1 billion shares dumped in a matter of a couple of hours. The learning curve was steep in that case.
If you want to put all your faith in a newbie by all means do so. Before I buy anymore of this stock I want to see more concrete results. Would I pay more? Perhaps but in the meantime the learning curve will take its toll. Then you have the whole issue about Travis's credibility to ponder. We would all like to think he is a straight shooter but you got to wonder about a guy that puts out PR's as if he was controlling OneFi and in reality he owned 6% of that company
for approximately $180,000. By next week he might be up to
10% according to the OneFi CFO....Ok great.
If the A/S is maxed out at 1B this company has a market cap of
$500,000. Is it over-priced? Don't know...the market will
let you know that in the coming weeks. The physical assets of RDWG are essentially all involved with the private stock held in OneFi at this point. So each person has to make their own determination of the associated value and other factors involved.
A High Tech CEO in the WiMax business? Surely you jest. He knows enough to present the concept but he is going to need alot of technical support from OneFi and eventually his own people on the ground to support it in Las Vegas or Mexico or elsewhere. Its on the job training IMO....thats my only point.
No he doesn't want to tie up his capital that way I am sure but if it were me I would have lined up the money needed from the get-go or passed. Now he seems stuck in the middle.
No offense intended their chuck but it does seem odd that a person with that type of backround would involve himself in a cutting edge technology which requires big bucks to impliment.
Thats my only point about that. I found Travis's tech savy to be nearly non-existant except for generalities.
I read it as Sept.1 was the target he had by which time rdwg would forward more money to OneFi and acquire an additional 4%.
The way it is worded it is unclear if rdwg has another 60 days from 9-01 or not. That is a good question to ask and I did but got back no response from the CFO since 8-22.
Yes. "Regrets" from Chet is a better phrasing than "pissed".
If he has had even one serious inquiry from people with real money then he would want to distance himself from rdwg IMO.
I think $1.2M for 40% of OneFi was a bargain basement price
probably when they were struggling more than they are now.
Actually we don't know the timing of the 60 day window that the CFO from OneFi was referring to. I might be 60 days from
Aug.22, 2008 when he send the email or it might have started
sooner. But the clock is ticking while OneFi's value would appear to be increasing. That issue remains to be seen.
Obviously 40% of OneFi is better than 6 or even 10%. If it ends there then investors will have to put on a value on what rdwg is worth or what they are willing to pay to own shares.
Right now I am more concerned about the seeming disapperence
of Travis. I heard thru the grapevine that perhaps the trip to Mexico was a family vacation. I thought it was strange for him to look in Mexico for more business when he has a full plate with Las Vegas and the Oregon coast. What he needs is CASH period to execute the OneFi opportunity and grow his biz.
Thats not how lending institutions work when valuing the assets of privately held corporations but I guess Travis is exploring all options to finalize his end of this deal.
If he can pull it off in the 60 day window....cool. At this
point probably only he and the management at OneFi knows what is going on.
I have few doubts that next year (and possibly now) that 40% of OneFi will command more than $1.2M. The collapse of the share price from .04 down to the .0006 level played havoc w/
roadwings plans IMO.
At this point we all need to hear from Travis and I guess that would involve billyf and his secret contact means....LOL.
I kind of doubt that Travis is going to be given any extension on the 60 day window he had to acquire the 40%. I think OneFi could do alot better than that with much deeper pockets. I don't know when Travis got involved some months ago, I assume before he bought the shell. Alot has changed over at OneFi since then. The window of opportunity is dynamic and perhaps going to close for good. Really don't know but Chet did not
speak of roadwings in the manner I expected for a so called funding partner. Obviously it is just business and it remains to be seen if roadwings was just convenient for the moment when OneFi was in need of cash.
I never could understand why OneFi would partner with a BBQ guy anyway. That always seemed weird to me. Any way it's amusing to talk about it IMO.
It came from this email from the CFO of OneFi to me. Previously I had talked to Travis about what the 40% would cost roadwings on the phone and was told $1,200,000. So, if they have the 10% then the balance of 30% was $900K per Travis.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31736936
Yep, it will happen though. Just wish it was the Q3 report.
Thats the one that will give some transparency to what is happening at 141 Capital.
Yes, 10% is lower than we were led to believe but hey its a start. I think it is kind of weird for roadwings to keep announcing that they are the "financing arm" of OneFi. Obviously they don't have the kind of capital that OneFi is looking for and needs for deployment on the scale that Chet Noblett envisions.
I expect that OneFi has already or soon will have much deeper pockets to draw from if Villa Park and Buena Park go smoothly.
WiMax is an awesome technology and it or its spin-offs will
capture a nice chunk of business around the world for those
companies that are involved with it.
Someone said to me awhile back that OneFi's lack of venture capital involvement turned them off. Well I think that could be changing now. If some serious money shows up at OneFi's door I doubt they will continue to court roadwings as a revenue source. However, Travis still has some time remaining on his 60 days window to acquire a greater stake and maybe he can pull it off. I think that if he managed to obtain 40% of OneFi that would work out very well for everyone.
No doubt its all about the money for both of these players.
I understand. Good luck.
Does that jumping monkey in your signature reflect your investment style?
It occurs to me that a succesful launch at Villa Park would help Travis out with his projects in Las Vegas and elsewhere.
Potential end users would have more confidence in OneFi's technology with the cities of Villa Park and Buena Park on-line. That would only help RDWG in a big way.
Now if they can find another $900K to secure the other 30% of OneFi they are looking to acquire then more value would be assured if this all works out as they hope and these cities report acceptable results.
Should be interesting over the coming days. Good DD there chuck.
So far xxis has delivered on their promises made to investors.
As far as PR'ing just to sell shares they could have been much more creative than they were. LOL.
Good to know chuck.
Perhaps not. I would like to talk to Travis again for sure and find out the status of the Las Vegas demo project and what is going on with potential end-users in Las Vegas and elsewhere.
Perhaps billyf or someone else can report on that or maybe they will PR it.
Check your PM's Tiger. On the way. Good luck to you.
2:10EST and just checked pinksheets for the 10th time today and no update as of yet.
Hi chuck. I thought you were part of billyf's Bat Team who has the secret formula for contacting Travis? I was puzzled when you said that "no one is returning calls or emails".
Just curious.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31803638
I don't think Chet Noblett the CEO of OneFi has any intention to reverse merge with Roadwings and turn over control of his
corporation to Travis Grimmett. Speculation is fine but if you ever talk to Chet you won't get the warm fuzzies about our friends at Roadwings IMO.
Yep, I expect them to PR that they bought the other 4% of OneFi to increase their holdings to 10% although they may not give any numbers.
What plan?? Care to elaborate it.