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I would be very surprised if there is ANY relationship between WLAN and GGL. GGL has many years of productive performance and success behind them. Partnerships between them and Siemans and Alcatel etc. They are beneficiaries of stimulus contracts and have substantial contracts in the pipeline. Adding WI-FI ACCESS POINTS TO THEIR EXISTING TECHNOLOGY CAN BE DONE IN HOUSE. IMO
Too bad GGL isn't publicly traded.
WLAN I will never buy another share of this company. Please disabuse yourself of that fantasy. There is no one talking this down in order to buy, but rather sellers moving capital to more productive and less risky places.
There is NO fundamental reason to believe that success is around the corner. John Folger (RIP) delivered a solution for the ACYD shareholders to recover their losses. Unfortunately for him and everyone else, they proved unethical and incompetent. I seriously hope many here are limiting their risk and rather than being annoyed become realistic.
The reason folks want truth out is to try and keep the game honest for the companies that could benefit from speculators willing to take a risk rather than getting burned in scam after scam and walk away from the microcap marketplace.
I took my own advice and sold my last shares @ .04 on the way down. I diversified my 6 figure gains into 4 other positions (1 a loser, 2 doing well and 1 a home run), paid taxes and took some good cash to wipe out credit card debt and play money in Atlantic City. This is not to brag at all, but when mgmt. fails to deliver repeatedly, makes outlandish promises and generally act like amateurs it is time to go. You CANNOT fall in love with a stock-merely a vehicle to make money, nothing more.
You can never go broke taking profits and it's not what you make-it's what you keep.
Money management rules!
Good luck to all who remain
WLAN stock is now what is called a "busted" deal. All of the bright promise, promotion, hype, true believers, magical thinking and greed has evaporated and holders are left with a few very depressing hard truths: Management(such as it is) has no tools, can't sell worth a damn and has dissipated shareholder wealth by incompetence if not fraud. Everyone should listen again to the original conference call and review the merger agreement signed by Peabody.
Poor Victor has no choice but to keep whatever small contacts in Miami Dade going with the hope of bigger things. I wish him well and hope his intl ambitions match the reality of WLAN's ability to pay for a plane ticket.
What really needs to be understood is there is NO way with 2.5 Billion shares outstanding and a market cap of 13+/- million that the company can realistically raise capital on reasonable terms. That ship sailed when Mitch promised and failed to deliver term sheets for 5 to 10 Million.
Conner is a builder and Peabody a low level sole practitioner lawyer- both have day jobs and their several hundred thousand dollar investment in WLAN looks pretty shaky to me.
This company needs to do a 25 or 50 to 1 reverse split, bring in a capital partner, management and sales or will the last one put out the lights. IMO
TMBXF looking very strong. New support holding @ .-055 next resistance is .08 Serious accumulation occurring. Looks great.
Foe ANY old ACYD shareholder's John Folger delivered a merger resulting in millions of dollars in market value and an opportunity for any investor to exit with a handsome profit. Any amateur speculating beyond their breakeven point and relying on "magic thinking" to make them wealthy rather than using prudent money management as I have suggested for months is now behind through their own speculating style. The fact remains after his original business plan failed John fought for and won a solution for all investors to profit. Those who chose not to, have no valid complaint about his bringing them to safe harbor at his own expense.
Say what you will, I will miss my friend and am saddened by the attempts to sully his name. Wait till Mitch has to tangle with the creator of the Matson Trust. I'll be speaking with him this weekend.
There was no "secret handshake" and I will make it my business to bring forward the facts of Mitch's failure to earn ANY finder's fee as he did not fulfill the underlying contract. The attempted extortion with the complicity of others deprived John his creditors and heirs of potential millions in recovery. Luckily affidavits attesting to the facts and document evidence will prevail. John' extremely well constructed merger agreement was ignored and the company's refusal to do an S1 registration for the spinoff doomed the share dividend. Another WLAN failed promise to go along withy penny buyback, and Mitch's multi million dollar financings. Surrounded by snakes Victor doesn't stand a chance. GLTA
John RIP
Mitch does not have a leg to stand on and his suit will be dismissed. John's estate may or may not launch suit for damages as his actions in concert with Peabody and the companies resulted in losing about 2 million in value to John's stock and for the benefit of his creditors and heirs. John was a friend for 25+ years and I know from day one with the noble purpose ACYD was established there were 2 problems 1) he could never raise enough capital to implement the business plan 2) his reliance on truly incompetent people doomed ACYD.
For those who still hold shares here be very concerned as despite good technology, I think it will be a long time before the issues get straightened out.
WLAN Peabody & Freifeld were engaged in the mortgage game together I think when they found Victor who had a small little quiet tech company based in So. Florida.
They put up a few bucks, arranged the merger with ACYD promising ALL involved this would allow them to raise capital. We know the rest - Mitch claimed he was getting multi- million $$ term sheets, Peabody promised penny buybacks there was no money for and poor Victor had to find ways to get rid of them and their crews while trying to run a business. I think he is a good tech guy who is in way over his head and allowing Mitch to be President with Peabody as a Director proves he doesn't know Jack---- about running or staffing a business. I hope I'm wrong but the writing is on the wall. IMO
What does Connolly have to do with this situation? How much stock does he control? As I recall he was enthusiastic but cautious and then gone .WLAN has bigger problems and they seem to be directly due to management incompetence.
The question is did ANY of the insiders(Peabody) sell or distribute shares illegally??
Irrespective of restricted the question remains - if the true believers don't want to buy more it's a problem as new "fresh fish" are going to be hard to come by as they won't be so easily duped by magical thinking and bagholders have already crushed this stock with their selling to sub-penny.
WLAN with 2 1/2 BILLION shares outstanding how is it that not 1 share has traded? Buy or Sell???
How much disinformation do you want on this board?
Here is how capitalism works: 3 people form a corp and issue shares to themselves usually for cash, sometimes for other assets like intellectual property. They own these shares and they cannot (other than voluntarily) be taken or returned to treasury. As to restricted stock both you and your pal Glyboy should research Rule 144 which very clearly outlines what is and is not legal. No corporate officer can further restrict shares illegally. As to "firing Peabody", although he is no longer a corporate officer he is what is considered under SEC rules an "affiliate" or one who owns more than 10% of the issued and outstanding stock and therefore is subject to the "dribble rule"- look it up.
Also, while your Brazilian link was interesting, it has no current relevance to WLAN the stock symbol but rather the generic term "wireless local area network". I hope all of your speculative dreams come true with this stock but I for 1 do not engage in magical thinking and after watching the amateur goings on with this gang that appears unable to shoot straight, tell the truth or genuinely give a damn about their shareholders, action speak louder than words. BTW Victor has threatened to walk on several occasions as he thinks he alone is the company- the best of a bad lot no doubt but not someone I would trust to look out for my investment.
GLTA
It is interesting that you speak so intimately about Victor, his thoughts and plans. What you appear not to be familiar with are securities laws and regulations. Victor has NO ability to prevent restriction being removed from otherwise legitimate shareholders either because time or circumstance. Funny you think the merger with ACYD was bad as most of the long term holders and several of Victor's family members did quite well in the post merger run-up. The very simple facts are unless this company is able to attract capital or sales and brings competent staff who will turn this popsicle stand into a growing business a $25 Million market cap is ludicrous. IMO
WLAN why would the 3 owners and their distributees (Connors, Tapia & Peabody) voluntarily turn back some of their 1.9 Billion shares to Treasury? Please understand the corporate mindset, they don't think we little people who collectively own 25% of the o/s have invested squat in their business. The merger with ACYD was a means for the Peabody/Freifeld/ Tapia crew to acquire a "vehicle" with which to raise $$. Mitch promised as a condition of his becoming CEO and failed. Without significant restructuring (reverse split) this company will be unable to raise money and soon all inside parties as affiliates will be able to sell based on the "dribble rule".
Resistance at .05 needs to become support at .05 with a strong base for the next leg up. Volume usually proceeds price movement and the last couple of days there has been aggressive larger lot (50,000+) buying. Now that they have filed their 20F annual report, I believe we will hear some positive news which will move us higher.
Can't say for certain, but continuing to build a position based on significant DD on their financial and share swap with Eurogas who likely will be in a position to finance a full scale drill program. I think this is a real undiscovered sleeper and hope it becomes my "stock of the year." !!
WLAN AMEN to that.
I would be surprised if Peabody created 1 sale. We do know his buyback scam was abruptly cancelled before yearend as it was clear there was virtually no money in the bank. Still believe Victor knows his technology, but I think his choice of partners is seriously flawed. Hope they can pull it out, but anything I bought in my .012-.015 range, they can definitely have back at .04-.05 if it gets there. I learned my average down lesson by catching the falling knife at .06 and .045. Took those losses already. I only feel for the folks who believe in magical thinking as this stock does not defy the laws of the marketplace. I respect Alan Bailey, but he has a real job in front of him. Mitch was basically useless as a placeholder.
TMBXF The stock is starting to show some life we need to have communication from management as all the elements ate in place for a major bull move.IMO
WLAN The phony buyback scam announced by Peabody(with no money to pay for it) was the first pump from 1/3 of a penny to well over a penny, they then brought in BIG and other promoters drove the price higher. The phony buyback scam was ended quickly in December before they might have "put up". Until there is revenue there is no earthly reason for this stock to trade higher without hype. IMO
WLAN There is nothing inaccurate about Mitch's failure to bring viable financing as he committed on the cc. Interim or not this failure to fund the company has resulted in a very tiny balance sheet that does not in any way justify the market cap. The PPS will go wherever demand meets supply and with 2.5 Billion in supply I want to see some better performance before I will consider coming back in.GLTY
WLAN Given that this company is financially upside down I wonder where Peabody was getting the money for his announced share buyback?? Did they need to hype the stock to prevent being called on it?
Was this more BS that got him replaced by Freifeld who promised financing now getting replaced for his failure? I truly believe Victor is both the brains and very much out of his depth as a public company executive.
It does seem that Bailey has brought some discipline to their reporting, Brown is an unknown and of course there is always the technology risk that a bigger, faster, cheaper competitor surfaces.I need much more to tempt me back in.If folks are waiting for press releases to inform their investing strategy that is definitely a losing trading philosophy. This is dead money until revenues ramp up IMO. PRs won't cut it.
WLAN It's not funny, it's sad and a tragedy that unknowledgeable and trusting folks bet way over their heads, their paychecks and milk money on what is clearly a small fry with big ambitions to make them rich. The only good news from here is that they can no longer rely on fantasy numbers, hope and magical thinking as an investment strategy.
The company should bite the bullet reverse split the stock 20:1 or so to slow down speculative ferver and work solely on revenue in order to prepare for a higher listing. First they need someone other than Victor and Alan Bailey who seem to know what they are doing. Peabody has been useless and Mitch is slithering away.
WLAN As they did not either want to spend the money for a pr or they didn't want to broadcast the financial failure, the filing was made at www.otcmarkets.com under "disclosures". If the new future promise people are relying on is "revenue in 3rd Q), that won't be filed until about Thanksgiving. Don't worry this stock is not likely to run away from you - use your speculating cash elsewhere and come back if you insist.
WLAN- This report was worse than I thought- anemic sales future promises of intl. revenue from unreliable sources, minuscule sales and Freifeld either baling or being forced out (Didn't he promise financing??). How on earth does this justify a $40+ market cap.
New short term buy area .011 for a possible sale at .02 or so.
Don't fall in love with ANY stock- they are just horses to ride to $$$ hopefully.
I honestly wish some of my prior advice was useful in saving some losses to many true believers.
WLAN - management is too busy trying to prevent their 1.9 Billion shares (that's 1,900,000,000), from getting flushed down the toilet. The silence as well as the impending financial disclosures will tell the tale but as a wise and rich investor once told me "A mediocre company can become a winner with great management, but a great company can easily be ruined by mediocre management." I learned. It has saved me a lot of money.
WLAN Coming back to my buying range: .015-.017 Should give me at least a point on 500,000 or so or $5,000. Waiting is not my style. But any news or financial pop will create an exit opportunity IMO.
GLTA
WLAN- No I got the money--you are waiting for the picture
WLAN-I think you are on to something Searay- management does not appear proactive, the technology is likely to be eclipsed and a price even a year from now of .10 to .15 ($250MM+ - $375MM+) market cap seems unlikely at best. It has in my experience been a mistake to fall in love with a stock as speculating in pennies is a high risk/rare reward game IMO. Got any thoughts on the amount of revenues ? profits needed to justify that level of market cap? I have largely moved on taken 6 figures in profits from a "lucky" trade in WLAN and now will just dabble. reviewing my posts will show this has been my consistent advice FWIW. GLTA
WLAN The stock is dropping into my "buy to trade" range. .014 -. 016 is a likely base given the irrational and emotional passions surrounding this stock. With ANY news a "pop" will occur (sell time) and after what can only be lousy year end financials another opportunity perhaps to buy low. GLTA
WLAN Revised buy-in range .012 - .016. At .1.5 cents the market cap (Shares outstanding x price) is +/- $38 million . At some point the market finds it's own level. The company's technologies are superior their ability to execute is still an open question. GLTA
WLAN I could get tempted back in at the .015 - .018 level or maybe on substantial news.
WLAN Yeah Mackie, with regret I too have moved on .. my newest best pick TMBXF has already doubled for me and like ACYD/WLAN in its glory days has attracted volume and seems not to be afraid to keep its investors informed. Don't get me wrong I still think the WLAN technology is superb just concerned by the O/S and lack of focus. IMO GLTA
SBDG What I think you are missing is that VRNI FAILED. The new management was willing to correct the foolish dilution & r/s the stock to a level that would allow the new business model to achieve success and give shareholders a second chance at investment success as their prior bet FAILED. Rather than attack the new guys, I just did the due diligence necessary to determine my level of interest, bought some stock and will continue to monitor developments. It's not defending a stock - but rather a prudent strategy to maximize my chances of winning! Good luck to you, however large or small your position.
SBDG How the heck do I know. It will most certainly go higher if they execute the plans they have announced, but I'm not in the crystal ball business -rather investing wisely (hopefully) in solid growth small cap companies whose management can deliver on promises. Having said that I do "see" double digits in their future. IMO
TMBXF I don't believe they will see the whole amount but if the settlement is 25% of that number it is still a major score. This stock also trades on the Berlin Boerse and this morning is almost 9 US cents equivalent in Euros. Any kind of news should move this well over a dime or more IMO
SBDG Hey Tom Never too late to participate. This stock appears poised for higher prices and moving above $5 and penny stock status. I'm reading the PR's since they new management took over, spent some time on the IHUB page which describes in detail their plans and finally read both their website and the disclosures on OTC Markets.com. This one looks solid and if need be a valuable addition to your estate! Haha. All the best to you.
SBDG There is absolutely no connection between the 2 companies any longer. VRNI failed. The founders of SBDG came in, merged a major interest in a West Coast based chemical company with revenue of +/- $17MM and a very interesting niche market. I strongly suggest you get current after August of last year this is a whole new ballgame baby!
www.sbdgp.com & www.otcmarkets.com . Look under "filings&disclosures - I think you will be impressed. There really is life after penny stock death- if the plan continues to execute they will not be under %$ long IMO.
SBDG- IS THIS YOUR OPINION OR ARE THERE ANY FACTS OR dd YOU CAN POST?
SBDG There is little question this stock is under serious accumulation. Several 000's shares daily being quietly bought. Trading like it will soon top $5/ $6 per share when with revenue and earnings over extremely low float unlike most OTC stocks will actually be trading on sound fundamentals. I continue to nibble away and am confident based on my DD that we are riding a winner!
www.sbdgp.com