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Two weeks from yesterday, The Aradatum Team heads to Alaska. I'm looking foward to what this endeavor brings. Still wanting to see what happens with this merger situation.
This is from April of last year: “I see great value in the opportunity of Aradatum’s self-powered wireless towers in the market,” said Bryan Zaplitny, CGE’s President and CEO, “As a CGE shareholder myself, I am excited to also be part of a groundbreaking tech company that, when spun out, is poised to have greater long-term enterprise value potential than a single company, as structured today. Our companies' unique and differentiated types of power solutions can both shine independently and are in alignment with each organization’s sales activities.”
This is from the recent article: "Following the merger, each of CGE’s shareholders of record will hold an equivalent amount of Aradatum shares to the shares of CGE that they held at the time of the merger."
There are some clarity issues, now, but the word that sticks out is merger. It really does seem like CGEI may be on the way out, and as I've said, I do not care. However, that does seem to be an exact contradiction from what Bryan has said previously. I am beyond curious as to how this will play out.
Dano, I do not like the vague nature of the press release, either. However, I will say that Bryan owns a large amount of CGEI shares, and he would have to be an idiot in order to do something to compromise their worth. Also, it is my belief that no matter how much stinking turd you want to throw on Aradatum, it can overcome. As long as I get my shares of Aradatum, I don't particularly care about CGEI, even though I felt there may have been some potential there with the new tower.
I suppose that none of us will know, until this shareholder meeting, what the intentions really are.
I am wondering when this shareholder meeting will take place.
I thought I was done buying, but I can't help myself. If the tower works, and I know that's a big if, how does this thing not take off like a rocket ship? All the signs are pointing towards the tower working, the recent announcements would be useless posturing if there wasn't something substantial behind it, Launch Alaska wouldn't accept them into the TDT if there was nothing. Imagine being in on the ground floor of a company that makes headlines, changes the world, really exciting.
Maybe I'm just a big sucker with the hooks in too deep? I don't think so, but then again, what sucker does?
That's an interesting point, Dano. I could see that, but it may also be like gaining a new asset, so they don't want to get hit by Uncle Sam. I don't blame them, he's the worst. I guess time will tell.
Nice to see a new poster on the board. I usually consider myself to be somewhat decent with The English Language, but doesn't "the CGE Board of Directors unanimously voted last week to take all actions necessary to effectuate the merger of CGE into a to-be-formed subsidiary of Aradatum." sound like Aradatum will be the new parent company?
I've read it around ten times now and I keep coming to the same conclusion. I don't believe it's significant either way, they still go on to say CGEI shareholders will get a 1 to 1 ratio of Aradatum, but kind of odd.
I do think it shows that they believe Aradatum is progressing like it should, which is nice. If someone else wants to weigh in on this topic, and tell me why I'm wrong, I'd like that.
One of the members in Aradatum's cohort has already received an order for their product. Let's hope Aradatum will follow suit.
Here is a blurb from a description of The Tech Deployment Track that Aradatum is now a part of:
"At Launch Alaska, we believe startups are the key to a resource revolution. They drive the rapid, critical shift in our systems that allow us to mitigate the causes and effects of climate change while unlocking incredible economic opportunity.
With massive challenges come exciting opportunities and Alaska is “proving ground one” for companies looking to deploy carbon reducing technologies in a place that faces the effects of climate change every day. We are proud to partner with game-changing startups from all over the globe to amplify their efforts to solve some of the world’s most pressing problems."
This sounds like exactly what Aradatum needs, a way to get the ball rolling before eventual world domination or should I say rural domination?
That's an good analogy, Dano. Keep moving the ball down the field, and eventually, we'll find our way into the endzone.
http://www.launchalaska.com/blog/welcome-2022-cohort
Link to the companies selected for this program.
More news, that I believe, is very exciting. Aradatum is 1 of 17 companies that has been selected to be a part of the Tech Deployment Track which is hosted by an organization called Launch Alaska. My very basic understanding of this TDT is that a startup company is selected, then has to proceed through a 4 step program, showing that their idea/business has promise throughout. I believe the idea is to allow investors and startup companies to meet, with the idea being to help Alaska's unique situation as a state.
Several things seem promising about this. In order to continue through this program, you have to be showing promise or they'll cut you. Secondly, this once again shows that Aradatum is not some pie in the sky idea, but rather a legit business. Also, whilst looking through their page, I noticed that Launch Alaska is partnered with The U.S. Department of Energy and The Office of Naval Research Science and Technology.
There is a lot of little things like that which can be taken away from this and which I will continue to do for the next coming days. It is always great to see things happening, Larry and co continue to deliver.
To me, the spinoff will be complete when I have 1 share of Aradatum for every share of CGEI that I have. I don't think they'll be completely disassociated, the CEO of CGEI has said how he thinks owning Aradatum shares would be lucrative, or something along those lines. Also, I've made this point before, I think CGEI may get something for Aradatum using the tower design. This tower looks different in many ways, but at its core I'd think CGEI had something to do with it. Furthermore, if CGEI has no value it would be like committing suicide for that company. Maybe Bryan sees the future of CGEI as reforming facilities into greener companies, but I think the real money is in this tower.
In terms of getting paid, you'll get your Aradatum shares and can sell those when you see fit. Personally, I think spinoff will occur sometime around when the tower is done. Simply because they will want Aradatum to hit the ground running and having a working tower will be the key to that.
Any thoughts as to when the spin-off will take place? Before or after the first tower is erected?
Looks like Leete's destination was a little town called Colby. It seems like a good fit. As per their tourism website they are "a progressive agricultural community" which fits into the whole self-driving tractor thing. They also happen to have tesla superchargers right off I-70 that connects Denver to Kansas City. There isn't a ton of options when it comes to ISPs in the area, a company called S&T and a couple others.
The agricultural aspect, combined with the superchargers, and the positioning of the town make it a great option, in my opinion. Heck! Even The Tesla Trip Planner suggests stopping in Colby, on your way to Denver from Kansas City.
Obviously, price action isn't great, the movement is on basically nothing volume-wise. If it starts dropping on big volume, that would be concerning, but as of now I think it's probably some guy selling his shares with a market order without checking the highest bid.
It appears as if Leete is on the move, headed for Kansas, as per LinkedIn. He says that "Aradatum is on its way to enable broadband #accessabsolutelyanywhere!" I have a feeling that we're going to see that hashtag become more and more prevalent in the world.
Anyway, why is Leete going to Kanas? That is one of the initial locations for the towers. Is he scoping out a would-be site, talking with a ISP, or something else entirely? I want to say its the most former of the three, because it's the most exciting and I think the 2nd could be conducted over the phone. Maybe he's showcasing the prototype?
Whatever the case may be, it's fun to think about and it once again disproves any ridiculous claim that there is nothing going on here.
I hadn't thought about a buyout taking away the decision of when to sell, kind of nice. However, unless it was a huge number, I think I'd rather right it out for as long as I could. I wonder if it will be disclosed when the first tower is beginning to be erected? If so, I think we will see some run up with that, kind of how like drug companies get a runup before an FDA decision. I'm inclined to believe that pieces of the tower may already be under construction, but possibly not.
You realize I've been on this forum for well over a year now, right? Not to mention, my father has been invested since the MKBY days. If anyone has a right to be upset with the company it's him, but you know what? He doesn't moan and complain all the time, in fact, he's buying more. Speaking of my dad, he frequently reads on here and was asking me why I was being friendly to you in my last post. I said something along the lines of "He's probably just upset about some things and I'll give him the benefit of the doubt." I guess the old man was correct. I mean, my goodness, what a pompous little prick you are. I was simply trying to raise your spirits and you turn around and insult me. I have seen Roush acknowledge the partnership between the two. In regards to new, who here is new? If everything you say is true, and you don't think my advice is right, wouldn't it be better to sell now and get out with some money left? My guess is you'd rather sit on here and continue to belly ache.
Some say stuck, others say preparing for take off. Just remember, you don't realize a loss until you sell. If this thing pops, it's not going to matter what your average cost is. You can be as pessimistic as you want, but no one can deny things are happening. Give them time to deliver on their word, and if they don't, I'll realize a loss along with you.
Imagine taking the time out of your day to post about a stock you hate. It's quite sad, really.
That's a question I've thought about. Will you be able to buy some at a decent price, once big news hit, before it takes off?
"Never personal" proceeds to call conversations fake and funny stuff.
I'll give you that claiming "up and running" is misleading, but the reporter did refer to it as a prototype and they refer to the new tower as "first fully-operating" tower, insinuating the Ishpeming is not fully operating. That's what prototypes are for, to learn from. I am of the belief that the team learned from that tower, hence the new design.
I can't speak for the previous years, but I can to the Aradatum team. All Aradatum has done, so far, has delivered on what they said. They said they would have a 1/15th model on March, and they delivered on due date. They said they would have operating towers in the ground end of this year, or beginning of next. Time will tell if that is true, but I believe they will make good on that.
I'm sure everyone would love to know every nook and cranny about what is going on, but why would they share everything? This is new tech we are talking about. New tech that could be ripped off if too much is shared, China is notorious for this. You could say "Yak, what about the shareholders?" To that I would reply the valuation of the company on the public market is 26.148 million, of which a large portion of is held by people who work for the company. The people who paid 15 million have a right to know more than us, as frustrating as that is. If one of you wants/is able to pony up that kind of cash, go ahead, and then you can moan all about how you don't know enough. Until then, what is important is that this tower hits the ground hot, and hits the ground right.
Fish, you're making it sound like they booked q4 2022 for certain, when they didn't. This quote was from an article in March. "The $15 million will finalise scale models that are due March 28, as well as put four functioning towers in the ground in West Michigan, Maine, Kansas and on tribal land in Wisconsin in late 2022-early 2023." They gave a range, and they're still within that range, as the latest word is still early 23. I'm not sure who's being targeted with all this paid bot talk, I'm assuming it's Dano, SG, or I. I'm just curious why anyone thinks we're bots? Is it because we're excited for a company we're invested in? If so, I've got news for you guys, it's supposed to be that way. You're not supposed to loathe the company you're invested in. If anything, it's paid/bot behavior to be wasting your time constantly ragging on a company. Why would you do that, as a regular person?
You know what the best part of having a date is? The last time they gave us a date, they delivered. I think we have to remember that it's important that these initial towers set the pace for everything, so I'm okay with waiting to make sure they hit a homerun. I believe if they do that, the price movement will be much more violent. The reason I believe that is because if the first few towers work, the writing will be on the wall. Also, the amount of towers being discussed is just domestic. I still say there is a huge need internationally for this.
Dano, you beat me to the punch, but at least share the whole article, my friend. There's a lot more juicy bits in there. They also say they have talked with another ISP "Launch Alaska", and the part that I like is this "Leete said Aradatum hopes to work with larger providers like AT&T, Verizon, and T-Mobile US, but first needs to have a tower up, running, and tested." It also states that they want to have their first full scale tower running by January. How about that it only takes 4 people on site to install a tower? Wow! Also, while I don't want to jump the gun, it was once again iterated that this technology could be used globally. Think about that for a minute. We all could be apart of something that is used around the world.
https://www.sdxcentral.com/articles/news/aradatum-towers-aim-for-universal-5g-access/2022/06/
Interesting take, Dano. I have wondered when the spin-off will occur, as well. It's interesting to think about what's going on behind the scenes. Is a big name tower company waiting in the ranks to swoop in once the technology shows its usefulness? I know they didn't build that model to sit in a warehouse. Who are they using that to demonstrate for? Personally, I believe the number would have to be very large in order to pull Bryan away, he's spent a very long time with this company. Not to mention, Leete seems very passionate about the project. The goal of business is to make money, obviously. However, I think these guys believe they can make a lot of change.
This is my exact thought process, Dano. If you hate the company, sell your shares. If you don't have shares, and aren't interested, why are you wasting your time on the board?
I'm just curious where you draw your conclusions from? If it was a complete scam how would they get 15 million in funding, have several well-known partners, and complete the prototype? You truly believe they're doing all that in the name of scamming people?
I understand, SG, but before I got on to read the forum tonight I perused LinkedIn and I saw that Twisthink was moving their headquarters. That made me think about how complex this tower really is. We are talking about something that has never been done before. I, too, prefer the excitement of when the prototype was revealed, but we have to understand the amount of work that goes into something of this scale. This isn't a simple pole that gets stuck into the ground. I don't believe anyone here can attest to how complex this really is. Each segment of the tower appears to be telescoping, then we have the blades that are connected by the joints (who knows how complicated those joints are), the space at the bottom of the tower for the servers has to have enough air flow while also remaining strong, then you need spots on top of the tower for the 5g equipment to mount, and let's not even talk about all the software that is needed for this thing. You're creating and sending power in at least two different directions, and you can't send the power to the cars at the same wattage or volts or whatever the hell it's measured in as you send it to the 5g equipment, I imagine. Then the tower has to know if it needs to close down, when it needs to use the propane backup, and it has to be able to stop and lower at the push of a button. And THEN it all has to be able to be manufactured at a relatively large scale, we hope. These are all things that I just thought of off the top of my head, and I am not even remotely qualified to talk about these things.
I'm giving this company time, because it's complex, and it needs to be right. With that being said, I'm hopeful that we have something substantial by March.
https://www.usatoday.com/story/news/politics/2022/06/09/electric-vehicles-biden-charging-stations-every-50-miles/7561566001/
I don't have data on this, but I feel like the interstate passes through some pretty rural places. Why not provide those places with internet connectivity, and EV charging, all powered by green energy?
It seems as if, we have hired a new COO. His name is Jason Abel, and he seems to be well versed in the world of law. He graduated with a JD in 2001. I believe this is another indication that the company is healthy, hiring people is good. I do wonder, though, why someone with his education would be brought on. I'm not well versed in how these positions are chosen and what makes someone a candidate. Nonetheless, I like the move and will continue to put my trust into the company.
It seems like Musk is at it, again, sending people in to bash any company that could compete with Starlink. Lol. Seriously, though, I have been critical of the company. All I'm saying is the potential is here, I'm in agreeance with Dano. My goal is 100 a share, which I have said before if you don't think is close to possible you shouldn't be in. The risk is certainly real, but so is the reward.
"Aradatum, which has raised $15 million, is planning pilot projects in Michigan, Kansas and Maine. And it expects to have built four towers for those trials by March 2023."
I've been saying that patience is going to be key, here. Everyone that is invested is free to sell at any time. I feel that doing that now would be foolish, however. I will agree, that I would like more transparency when it comes to development of the turbine, but you can't give too much away. I've said it before and I'll say it again, people who have 15 million dollars to invest don't invest that amount of money into a company that is smoke and mirrors.
https://www.thedrive.com/news/tesla-asks-texan-owners-to-limit-charging-due-to-heat-wave
This is a perfect example of where this company could step in and fix an issue. Things are only going to get worse and worse as time goes on and we're more and more reliant on electricity.
I don't believe that their only avenues are LinkedIn, feel like they may be reaching out to people directly. Even if they aren't, something is working. 15 million in private investors, big engineering partners, and talks with the two ISPs. "Talks" don't equate to much, but I'm not sure a bunch will come in until we have a full sized turbine. It's possible, that someone sees the potential and wants to be first to the party, but I'm not sure how likely it is. If/when a turbine is working, it becomes a race to get involved with this company. I truly believe that.
Larry's latest post on LinkedIn continues to drive home the need for Aradatum
"The densification model for broadband is clearly at a disconnect for where the population is heading. The pandemic changed the game - people lost their ability for communication (face to face interaction) and mobility (the ability to move around) in the cities during the lock downs.
People are departing the cities for more suburban, exurban and rural environments where they have more freedom to roam around their properties and embrace the human experience.
The graphs below show the disconnect between the broadband densification model (white vs. blue) and the exodus from those areas where broadband is predominant to those areas where it's lacking (purple vs. green).
The #digitaldivide is real."
There is an image attached showing a map of The U.S. stating that 75% (Wow) of the country has little to no broadband coverage and that people are leaving the cities for these more rural areas. While this further solidifies my idea that the company will win if the windmill works, I would like to share a thought that I had. At the bottom left of each picture it reads "slide 4 and slide 5" meaning these images are probably apart of a presentation for Aradatum. I imagine that Leete, or someone else, has used this to pitch to investors and companies who could use the service. While it's easy to get irritated and ask "when moon?", I do believe that they are continuing to work behind the scenes to make the company a success.
Another post by Leete on LinkedIn, it reads
"Dear State of California,
Aradatum can help solve this issue!
Here’s our thinking - create a self-powered #netzero telecommunications physical infrastructure dedicated specifically to communication and connectivity - and decoupled from the grid. Doing this will take significant #stress (as well as significant MW that can be redirected to keeping the lights on) off of the energy grid, while following through and not compromising on your goal of carbon-neutrality.
Creating a decentralized #communication and #connective self-powered physical network is an answer to reducing the energy needs of your constituents. Our #cleantech #selfpowered towers can be a critical solution to this problem (https://lnkd.in/g6fuW2yM) that the state is currently facing.
Additionally, if the existing grid does go down, the parallel telecommunications network will still be up and running for people to get the information and communication that they need during #blackouts and #brownouts because it is running on its own power system and not reliant on the stressed grid.
We’d love to be part of the #solution. Let’s do this!"
I hadn't considered Aradatum's tower as a solution to this, but it is an interesting concept. It's a good fit because California is heavily focused on green energy, and has large power requirements. All of these solutions require the tower to be working, but can you imagine the potential if they do work? I'm very excited to see what the future holds.
Interesting post today on Leete's LinkedIn. I can't link it at the moment, but it basically outlines how the tower would be beneficial for EVs in remote locations because of the charging capabilities. The post was attached with a picture of the cockpit from a Rivian vehicle with an Aradatum tower in the background, obviously a rendering. Leete then tagged Rivian at the end of his post. It's probably just meaningless lip service, but in today's world, even baseless rumors can drive stock price.
Dano, obviously, it would be better to have everything ready for market today. I want to see my investment pay dividends today, not tomorrow. However, I think we have to remember what we're invested in. I know I keep saying that, and I hope that I don't have to keep saying that. As far as timing is concerned, I think we have time. People that need this technology aren't going to be able get internet from other sources, always, and may not be able to afford to the down payment of associated with Starlink. An ideal scenario would be Aradatum coming in and undercutting Starlink in monthly rates with equal or superior speeds. I have to believe that if we can give ISPs an option to obtain new customers, they will do it. Part of this that can't be undervalued is the environmental effect and ease of installment. Imagine having internet that not only is carbon neutral, but actually removes carbon from the environment. I think the sooner we can get to market the better, but you have to have a product that works.