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I'm throwing some sell orders out there today
between .155 and .16, just to see if any MM's will bite.
I was going to make it a small amount, changing it to 1/3 my position, just to see what happens. Too many other plays out there to be sitting by the wayside, and if MobilePro does indeed transpire, I will still have some shares left in the goody bag.
AIMHO
sounds like Disney has their foot in the door big time regarding cell phones and kids, if that is the case, do you think anyone will ever here of Tommy Wireless? How many residents of Tempe even know of NeoReach's wireless availability?
Z
OT:stockdoc, Wise will show up somewhere,
he just hasn't figured out to get on this bd,
once he does, it will be ruined. By the way, I have emailed Jay several times, and I have been rather curt in my questions. I have asked why no response, are the questions not of sugar-coat material. Ha
Z
Ha- has anyone even heard of MobilePro?
Your concerned about Tommy Wireless, you need to look at where are big time refi is? It was supposed to happen by the first of 2006, it was documented by another poster, Jay is fluffing and bluffing the loyal shareholders, I would be more concerned about dilution, as opposed to Tommy Wireless.
JMHO
You have got to be kidding. I'll give it a try,em.
Ha-good one stockdoc68( business vs. public relations), thx. for prevoius reply on Jay mail. It has been a time consuming event,imo, ( all these supposed events to be PR'd), but I'm still glued. Potential outweighs downside imo, and time frame is not short term to achieve these potentials. This is my penny heavyweight by far.
Thanks again,
Z
AIMHO
Stockdoc68-that is interesting, imo, given September will be halfway over by Friday, and there is supposedly "numerous" PR's throughout September. September has 14 business days left.
Can you share your email reply?
Thanks,
Z
stockdoc68-true to form, I am not on top of things,
who received this supposed email?
Thank you,
Z
Mike, looks like I'm going to sell some
MobilePro, and load the truck up w/CKEI. I just need one, maybe two more days of these prices (sub .01's). I got back in at .014 (got a little trigger happy), but do believe that at these prices (.009'S), I can't go wrong.
Best of luck to you and all shareholders,
Z
gkarman
Can you post that article from www.tempe.gov?
I cannot seem to locate it.
thank you,
Z
Cougar40
MobilePro hasn't reacted very positively to any recent PR to date, although they seem to react quite well to MM and TS pumps, (small) lol. This may actually be easily constituted as a fact, and not an opinion.
We need a lot from the Tempe region for things to heat up,imo.
Refi will be nice, but not the icing on the cake.
Major players on the sidelines looking at MobilePro, they just want to see what we want to see...
AIMHO
Jay on this next week
We are looking at many different things right now. This
week should help define the path we take.
___________________________
On Sat, 26 Aug 2006 17:38:51 -0700 (PDT)
<zgoldies2@sbcglobal.net> wrote:
> Jay,
> You had indicated more than a month ago that, if
> neccessary, and per Cornell's approval, you would seek to
> extend CD payments until at least October, depending on
> the outcome of refi. Since refi doesn't appear to be
> imminent, as of now, would extending CD payments still
> be a possibility?
> Thank you for your time.
Jay will more than likely
extend the CD payments at least 1 more month, per Cornell's approval, to October, in his quest to obtain financing. I could be wrong, but I will be surprised if Mobilepro obtains refi in September.
I wouldn't be surprised to see a major "pop" in volume, in the day or two before refi is announced, for the obvious reasons. That will most likely be our advanced "PR" regarding the big event.
JMHO
Mickey
actually, this is the source of what you "picked up on" on yahoo bd.
http://biz.yahoo.com/prnews/060809/flw018.html?.v=60
You know exactly what it will do tomorrow!
You also know what it will do next week, it happens every time!
See: Tobins comments, and stock price before/after comments.
LOL
That was supposed to be GILBERT.eom.
Jay regarding Gibert,Chandler:
It's not much, thought I'd post his reply, and he doesn't answer my question fully,darnit!
_____________________________
From: Jay Wright <jwright22@closecall.com>
To: <zgoldies2@sbcglobal.net>
Sent: Thursday, July 27, 2006 9:20:33 PM
Subject: Re: Chandler/Gilbert target dates
Both cities are in deployment. We have lease financing
which is operating well independent of corporate financing;
therefore, no problems so far.
On Thu, 27 Jul 2006 17:52:12 -0700 (PDT)
<zgoldies2@sbcglobal.net> wrote:
> Jay,
> With Tempe being the only city currently full deployed by
> MobilePro/NeoReach, are you still on schedule w/Chandler
> and Gilbert? Gilbert was PR'd as to be fully deployed
> (all access points installed) by end of Sept., and
> Chandler by CYE 2006. Do you expect to meet those target
> dates, or is financing causing a problem w/deployment, as
> these cities are almost twice as large (sq. miles) as
> Tempe, and the cost will be substantially more?
> Thank you,
>
I need to take that back
This was to another poster on yahoo bd.
I'm not sure what to believe, my apologies to all.
_________________________
I happen to subscribe to MM, and you've totally distorted the truth. He has a list of what were his top buys, and MOBL is on that list, but it's still a HOLD
MM has MOBL back on TopBuy list.eom
Armyseal,
No, but if it happens, my porfolio goes up, as yours!
benefits of refi, per Jay:
For those who continue to strive for a more "solid" source of info:
________________________
Financing would also provide a "reserve" which often
provides confidence to investors knowing that the company
will be around for a long while, reduce fear of future
financings (which are less needed) and can often bring in
strategic partners which can help build real, long run
value for the company.
On Mon, 24 Jul 2006 17:58:23 -0700 (PDT)
<zgoldies2@sbcglobal.net> wrote:
> Jay,
> Would it be possible, in laymans terms, to describe the
> possible benefits of alternative financing?
> Obviously, funding for city wide wireless probably (?)
> tops the list, along w/possible acquisitions (?), is
> there any other benefits beyond the normal scope of work
> that MobilePro would /could do to utilize this funding?
> As always, your response is greatly appreciated.
> Thank you,
>
TY Dennis,lol seroius.eom
Woops
I did it again. Can someone please edit (delete) my name, my apologies, and please excuse my ignorance.
Thank you,
guess i don't need to tell you my name
Many are whooping it up here,
just remember what happens right after a Toby alert!
jmho
slim-overbought/oversold
It's a 10-day moving average of advances and declines in the market.
I think the problem is not the bashers, but Jay's inability to follow through w/several major goals, that, in turn, gives bashers every right to lambaste the company.
I can give you several examples of Jay's failure to deliver, but you already know them...
jmho
z
Dennisb68
Can you provide a link to your institutional "buying"?
Thank you,
Z
LIH,
you can still get them cheaper, suggest buy order sub .12, jmho.
z
You should concentrate on financing news
and not worry about anything else,imo. It's going to get uglier before the rose colored glasses are put on by me. +.12 is on the way...
Financing is not around the corner, but many weeks away. You'll soon realize that, and I'm holding from .069.
AIMHO
Z
It's getting shorted down,folks!eom.
Lih,
all I can say is don't look for financing w/i 8 wks., although there is still a good possibility it could transpire, and look for Jay extending the Sept. payments to Cornell for at least another month, if Cornell will let him . Won't share the source, but it is not my opinion.
Z
SeriousMoney
Yes, sorry about that. Here it is.
By: mainlander
11 Jul 2006, 02:37 PM EDT
Msg. 138254 of 138277
(This msg. is a reply to 138251 by mainlander.)
Jump to msg. #
Jimmymack 2:
IF,, the CD can be taken out by a new financing then things are good. IF,, the cash flows from the muni contracts are great perhaps they can afford the cash repayment schedules.
The problem is,, many shareholders MAY not believe that one of the two (or both) of the above scenarios will occur. We have history in that regard,, don't we?
But, to me,,, this is not, nor it should be "all about" the the re-writing of the CD terms. It will work or it will not,, just another "risk factor".
No,, what it is about, at least to me,, is how the hell we got to this point in the first place. It appears,, that due to eroding rev. based subs. could not provide the cash flows to service the existing CD and Jay simply bought more time and the new terms favour Cornell for the most part, imo. Not exactly negotiating from a position of strength.
So let's review the asset in question.
Davel was acq'd in Nov. 04 for app. $14mm. , 5mm warrants (.30) and another app. $450k to buy-out the public OS.
Jay and Kurt jumped on this acq, and rewarded themselves a 3% bonus (3% of $14mm each) as did brokers, consultants etc. Considerable extra costs,, imo.
Since this was just a "bridge loan" all of a sudden "Cornell" jumped in to pay them(Arlie) out. More expenses and costs: a $1.295mm financing fee, 6mm Warrants (.50) for NOW a $15.5mm CD obligation just to pay-out a $13mm balance.
So what have we got:
Davel's rev's in 05 were app. $55mm.
In 06 they dropped to app. $40mm
The 06 'net income" excluding amortization was app. $860,502k (source: 10KSB recently filed).
So what will Davel provide us with this fiscal year?
The problem was and is,,,, the "cash flows" from these acq's are going to "pay the lights", so to speak (salaries etc.) and not to organic growth. As their rev's deteriorate, further expenses are "sliced" (salaries, layoffs, etc., this is occuring as we speak I am told) putting them in a position of of being less able to retain accounts and thrive.
So,, to me,,, this is not a picture of sound financial manangement, quite the opposite, imo.
While many may not agree with my assessment of Jay,, one has to look at what we acquired, the costs, and todays result and it is not accretive as we have been lectured on.
Having said that I am very hopeful that Sullivan can "fix" things and bring new money to the table and keep Jay away from it. I guess that would mean that we should hire a CEO,, since we do not have one.
Take care Jimmy:
Mainlander
SeriousMoney
I certainly agree, and your welcome. I copied/pasted one of Mainlander's post and sent it to Jay today, even said no comment neccessary, must have left a bitter taste w/Jay, as he was not so "wordy", and did reply:
____________________________________
Not surprising. At .15 I am the devil, at .40 I should be
President of the U.S. Normal stuff....
SeriousMoney,
John:
Thanks for your note.
Our $15 million debt with Cornell is and has been public
record. I am mystified as to why some shareholders believe
that being able to pay the note only in cash is superior to
being able to pay for it in either cash or stock at the
Company's option.
I am also mystified as to why a note due in September is
riskier than one due in August.
I am also mystified as to why a note that was not callable
is deemed superior to one that is callable.
Bottom line, whether you and other shareholders understand
it, this restructuring is good for the financial health of
the company. Given your reaction, I expect it will have a
short term negative on the stock price. With us not
issuing any shares right now, that is something we will
just have to bear.
If we keep executing, the price will rebound. Of that I
have every confidence.
Sincerely,
Jay Wright
Chairman and CEO
Mobilepro Corp.
On Sun, 9 Jul 2006 11:22:43 -0700 (PDT)
> Jay,
> I guess I should have formatted my question to you in a
> different manner, as you elusively replied that you can't
> draw on the SEDA, past May 19th, as it expired. It
> doesn't mean your relationship w/Cornell expired. I guess
> CEO's sometimes know how to put the comforters on the
> bed, w/o the sheets underneath them. Very elusive answer,
> and quite disappointing to see this company continually
> be diluted. I'm sure you won't reply, as there is no
> possible way to sugar-coat what is transpiring w/this
> company. It's no wonder you are not able to entice new
> investors, seeing is believing, and they haven't seen
> anything but negatives concerning MobilePro. I've started
> putting my sell orders in at the .15 range, as many other
> long-term shareholders are doing as well. The ship
> appears to be sinking, and the CC did nothing to upright
> it.
> Good luck, your going to need it.
> Sincerely,
>
> PS- been a shareholder since .069
>
>
> ----- Original Message ----
> From: Jay Wright <jwright22@closecall.com>
> To: John
> Sent: Thursday, March 16, 2006 9:47:06 PM
> Subject: Re: SEDA
>
>
> The SEDA expires in May - we can't draw on in past then
> even if we wanted to (which we don't).
>
>
>
>
> On Wed, 8 Mar 2006 06:36:30 -0800 (PST)
>
> > Jay,
> > Is it true that MobilePro is going to continue to
> draw
> > off the SEDA for an extended period of time past the
> May
> > deadline for the SEDA agreement? You have stated that
> > the SEDA contract will be terminated in May, is that
> > definately the case here?
> > Your response is greatly appreciated, and
> > congratulations on what looks to be another awarded
> > wireless contract (Gilbert)! Phoenix looks to be in the
> > big picture soon (?)
> > Your response is greatly appreciated.
> > Sincerely,
> >
SeriousMoney,
Please look at the bottom of the email and you will find your source. If you don't believe it came from Jay, then good for you. I was only sharing this for informational purposes only, and it is obviously not a "pump" or "bash" email reply, just something I believe the shareholders should take into consideration, that is why I prefaced it "fwiw".
Best of luck to you.
Z
FWIW,
John:
Thanks for your note.
Our $15 million debt with Cornell is and has been public
record. I am mystified as to why some shareholders believe
that being able to pay the note only in cash is superior to
being able to pay for it in either cash or stock at the
Company's option.
I am also mystified as to why a note due in September is
riskier than one due in August.
I am also mystified as to why a note that was not callable
is deemed superior to one that is callable.
Bottom line, whether you and other shareholders understand
it, this restructuring is good for the financial health of
the company. Given your reaction, I expect it will have a
short term negative on the stock price. With us not
issuing any shares right now, that is something we will
just have to bear.
If we keep executing, the price will rebound. Of that I
have every confidence.
Sincerely,
Jay Wright
Chairman and CEO
Mobilepro Corp.
It is one important thing, but so is adding subs in
Farmers' Branch and Chandler (where we building out right
now) as well as the other cities we have won. Growing the
rest of our business and improving profitability are also
key.
On Fri, 9 Jun 2006 20:15:39 -0700 (PDT)
> Jay,
> Obviously, alternative financing is a must for
> MobilePro's existence to fund operations and wireless
> cities. Would you consider the success of Tempe's
> wireless subs in the next year to be the most extreme
> pivitol equation to Mobilepro's success? Thank you for
> your time.
> Sincerely,
>
OT: Sammie,
because it looks to be a .20 cent stock in June, unfortunately, and not a whole lot I can do about it, unless I sell, of course. Armyseal had said there was no way MobilePro would be a .20 stock in June, I think there is a possibility it will be just that, in June,that's all...
OT: Armyseal
Your a moderator, I assume your stil lurking?
"This better not be a .20 stock by June", lol. Remember that post about 3-4 months ago, by me? Looks like reality is going to set in here? Bummer for us longs...
from Jay,fwiw.
1. I do not know if Cornell was selling today.
2. I do not know how many shares, if any, Cornell has.
3. The last time we asked Cornell how many shares they
had, we reported it in the last SB2A filing we did.
Best regards,
Jay Wright
Chairman and CEO
Mobilepro Corp.
The SEDA expires in May - we can't draw on in past then
even if we wanted to (which we don't).
__________________________________
On Wed, 8 Mar 2006 06:36:30 -0800 (PST)
<zgoldies2@sbcglobal.net> wrote:
> Jay,
> Is it true that MobilePro is going to continue to draw
> off the SEDA for an extended period of time past the May
> deadline for the SEDA agreement? You have stated that
> the SEDA contract will be terminated in May, is that
> definately the case here?