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Does that mean we can expect them to walk it down in early morning trading ?
Have a gut feeling today is going to be wild.
My take FWIW ....dealing with agencies , zoning, commissions, public comment , nimbys etc etc is a time consuming , capital intensive, slow exercise, full of red tape ...if it was so easy to ramrod tower projects through these entities there would be 5 times more towers out there in our country. So these things take time. Constructing the tower and flipping the switch is the easy part. Persistance.
In a little dd I have done I have seen a few cases where Val is out there working it appears....he spoke at a local town meeting opposing another tower project I discovered. If a guy was a pinks scammer why would he be appearing after working hrs at a town meeting. Legitimate.
Flagler was one of the quickest growing counties in the nation a few years ago before the economy took a dump - great place to try to enter the market for otow - I think so. Foresight.
We have evidence of a diversified businesses plan being put in place albeit based solely on prs but unless these guys are unbelievable liars which I do not believe this company is a scam at all personally at this point. (Digame, then another company to process back of house billing etc - cant remember their name, the pr company, legal council etc. ) If anything I think the prs have been sparse for a pink and my personal experience has been that most suspicious pinks usually burn through a ton of investor money issuing fluff-non substance prs weekly just trying to drive the share price up. Which is a huge red flag to me. I personally didnt like the licensing value pr in the D.R. because I thought it was non relevant and kind of inflammatory - what is that 36m value based on , we have no towers up to my knowledge and are not even transmitting signals yet so how can that really have any value ? Unless I dont get the nature of the licensing permits - can you trade or sell them as a commodity possibly - thats where the secured value is ? Besides that one p.r. I have respected all prs and thought they were relevant . So to me issuing fluff prs ISNT going on here. No showboating.
My concerns are - how deep are the companies pockets, can we keep things going until we have a towers up, start hiring , building a large customer base, flip the switches etc ?
Another thing that could work in our favor is these multiple business lines should come online all around the same time. Makes me think we should go from 0 to 60 pretty quick . An explosive growth opportunity here. BUT we must be able to handle it when it happens with proper staffing, reliable service all the back end pieces in place etc. to really run.
I suspect Val is the type of guy who holds his cards close to his vest.
I hope Val has someone pursue the alledged shorters with the finra rules as ammo but primarily focuses on getting this biz off the ground.
I am long. FWIW
I am with you ...those 5000 share pings trending down are smoking guns in my opinion...I hope FINALLY they hold someones feet to the fire and someone gets burned ! Lets see if FINRA is for real this time out. Write us all from prison boys.
Awesome news...lets see if they bag some bad guys ...
~ 154,000 dollars
Great ...lets see if those new FINRA rules have any teeth ...maybe we will be one of the first cases to prosecute the scumbags who are literally stealing our money !
Im skeptical as hexx by nature ...but added today to average down ...anybody else adding today here ?
I say we dip to .00's today :( ...
I hope you are right about news BUT otow has a pattern of barrage announcements that tend to perk up the price...right now I would predict no news for quite awhile ...my KARNAC prediction holding the letter to my forehead - cheap sliding shares for the next few weeks to a month :( ,,,,,,,,,,,,,,,,,,,,,,,get them while they are cheap for the last time .....
I am looking for morning volume ...imo if we have good morning volume tomorrow it should set the tone for the rest of the week and beyond. Tomorrow is very pivitol imo.
Agreed .....
IMO the valuation also acted as "bait" to potential industry suitors. Supposedly to get all that in place in the DR has taken 3 plus years. There was value in that pr from that angle as well. If we become a perceived as a potential market share threat to any established provider either in Palm Coast, Flagler , St. Augustine, Pembrooke or in the D.R. an offer will be made. Dont forget these type established companies are cash rich and deals of this type are usually rapidly executed. JMO GLTA
Thoughts - Threes today anyone ?
Wow ... tremendously undervalued ...looking at charts around the 2008 surge shows great repeat potential. Its funny this stock is kind of under the radar at the moment.
Dec 29 (Reuters) - Brazilian state oil company Petrobras (PETR4.SA)(PBR.N) said on Wednesday its reserves rose by 8.3 billion boe after two massive oil fields in the deep water offshore region known as the subsalt were declared commercially viable.
Tupi, which was renamed to Lula field, holds 6.5 billion barrels of oil equivalent (boe), while Iracema, now called Cernambi field, has 1.8 billion boe in recoverable reserves.
They are now being incorporated to Petrobras' proven reserves of 14.865 billion boe, under criteria of the Society of Petroleum Engineers.
"The Lula field will be the first supergiant oil field in Brazil (with recoverable volumes above 5 billion boe), while the Cernambi field is among the top-five giant fields in Brazil," Petrobras said.
Reserves at the Tupi area were previously estimated by Petrobras at between 5 billion and 8 billion boe.
Both fields are located in the BMS-11 block, in the Santos basin, operated by Petrobras, having as partners BG Group (BG.L) and Portugal's Galp (GALP.LS).
8 bucks end of Feb 2011.
Hate to say it guys but this one is starting to stink....lots of statements made...but nothing completed. NOT A GOOD SIGN WITH A PINK ....look at the p.r. facts and take your emotions out of it...I will be looking for the exits soon if nothing stated previously happens soon. Its one thing to have a dream and sell it to everybody but its another thing to carry it out -complete it.
Looks like we are locked ...anybody get filled or have trouble filling today ? Tell your friends and neighbors, then circle the wagons tight. We MAY be in for a ride it looks like.
X2 ....agreed -might just be locked up now.....another play on this is no appreciable revenue coming in at least until 2nd q next year ...SOOOO maybe the best and only play here for awhile is to sit tight and hold long and see if in fact a squeeze exists.
We are not going to make any money from revenue near term - its too early.
There is no dividend coming.
We are not going to make any money flipping it.
So that pretty much leaves us a potentially profitable S.S. possibility .........that is until the lights get turned on in the D.R. and the money starts flowing.
Im lost look at this graphic on one of the news stories......
http://eleconomista.com.do/cms1/images/stories/o21.jpg
it shows an 02 wireless BEST BUY branded card ? Have we not been told of some major milestones and or inked deals ? So take it for what its worth either we are ALOT further along than we have been lead to believe OR somebody in the D.R. got creative with photoshop and or misinformation. Is this the shred we have been anxiously awaiting ? You be the judge.
Here it is microsoft translated in its Listindiario entirety ...
"Santo Domingo
The company O2 Secure Wireless, Inc., emerging telecommunications provider prepares to launch a low-cost mobile phone service to local consumers in the second half of 2011 in Dominican Republic.
The investment will be $100 million over the next five years. Investment responds to an inquiry showed results determinants of strong demand in the market of cellular telephony in Dominican Republic.
O2 Secure Wireless offers United States service and the Caribbean. Under their most recent joint with Earthcom Service Inc., the company expands Dominican Republic on its subsidiary, Earthcom Service C by A offering cellular telephony at a fixed rate pre-pagada customers services.
New cellular service will present a variety of plans for low-cost that dock all lifestyles and budgets.
"We spent a good time this investigation and got amazing results such as the need for the country an unlimited service and low-cost situation that no vendor currently offers" explained Val Kazia, President and partner operator Earthcom Service Inc., sister company of O2 Wireless.
Earthcom Service is the company responsible for presenting this new service. Dominican Republic is a country with more than nine million inhabitants, and scarcely exist 994,000 landlines.
The results of research also concluded that in Dominican Republic there were 8.8 million cellular phones.
This presents an extraordinary opportunity for the company may submit a service whose characteristics are unlimited calling and pre-pagados plans.
Val Kazia, President of the company is an experienced professional in the telecommunications industry with more than 15 years in the industry working AT & T, Sprint / Nextel, Powertel/T-Mobile, General Dynamics/Verizon, among others, ccording s a press release disclosed to international media by Amgw: prworks."
I agree alot of "gonnas" with management announcements - which puts up a huge red flag - especially with my past experience with these pinks . I mean seriously what have they completed.
Bank deal -50% stake ?
Anything progressed in DR ?
Retail space secured - occupied -construction started ?
Do we have an atm with a logo on it ?
Lets see some progress -photos of a tower or its construction , photo of THE retail space ,hexx lets have a picture of the baseball team we supposedly sponsored that was announced via the "paid" web radio show .....its called marketing - p.r. ?
The cats out of the bag as Indotel or Orange or whoever supposedly knows we are down there -so whats with the silence ....it takes 2 seconds to take a photo , 10 minutes to fab a pr , believe me if these guys dont start showing and giving examples of progress expect the suspiciousness to escalate and the pps to slide as people become fed up and move on .
Bankruptcy filing
http://www.otcmarkets.com/edgar/GetFilingRtf?FilingID=7599783
From the 10q "NOTE 8 – SUBSEQUENT EVENTS
On October 5, 2010, the Company entered into a convertible note payable of $37,000. The note bears interest at 12% per annum, is due on March 6, 2011, and is unsecured. The note is convertible into shares of the Company’s common stock at 90% of the average bid price for the 10 days preceding the conversion.
Ad Systems Communications, Inc. was added to the Case No. 07C-20650: MegAvail, Inc. v. Market Specific Media, Inc. et al., Circuit Court of Oregon, Marion County in the Circuit Court of Oregon, Marion County, on July 28, 2010. A pretrial hearing was scheduled for September 14, 2010. However, the attorney representing certain of the defendants did not make an appearance. That, along with the failure to attend depositions, resulted in an order of default entered in September 2010 against those defendants. Ad Systems Communications, Inc. did not answer the amended complaint, which also resulted in an order of default on September 1, 2010. As a result, the judge ordered a hearing scheduled for November 16, 2010. Prior to the November 16, 2010 hearing, new counsel for Ad Systems Communications, Inc. and Mr. Heil moved the Circuit Court to set aside the default orders. That motion was denied on November 1, 2010. On November 12, 2010, counsel for Ad Systems Communications, Inc. filed a notice of appeal with the Oregon Court of Appeals, appealing the Circuit Court’s order denying the motion to set aside the default orders.
All parties appeared at the November 16, 2010 hearing. At the conclusion of the hearing, the judge signed and entered a judgment against all defendants, including Ad Systems Communications, Inc., jointly and severally, in the amount of $2,450,638.09 and attorney fees of $217,567.00, plus costs of $2,125.25.
In accordance with ASC 855-10, the Company’s management has reviewed all events subsequent to the date of these financial statements and there are no material subsequent events to report.
I have been notified it included Vals personal address. I can understand that I guess.
Anyway the bottom line was they are permitting another tower very close to a tower in Flagler county that is already in permitting at a high school I believe it was and Val was opposed to it.
Why are we all ok saying goodbye to our investments with little to no fight ? I think its sad that Americans constantly get ripped off in the Pink market and just write it all off to a "risky investment" loss. I think guys running out the door with all the cash they can grab in consulting fees , not notifying any of us that their was a lawsuit of some sorts filed against us is outright deception and dirty pool. Somebody turn the lights off on the way out - this partys over and I like you dont have any fight left in me.
Anybody got an idea why my post was removed showing Val giving public comment on a tower in Palm Coast he was opposed to at a town meeting ? Its taken from a Flagler County public meeting ? Is that a violation of terms of use or something ? Not being jerky -just want to know what was wrong with the post ?
This is the 2nd pink I have been burned on this year ....its a sad state of affairs here in the U.S. in regards to corporate ethics......makes me just want to stick my money in low yield treasuries and be done with it and quit financing these crooked pinks dreamers alltogether.
We all got duped ...its up to us whether we take it or not ....all of our money ran out the door at the last minute for consulting fees. Are we going to take it or get together and file something against them ?
I agree kind of a flat interview that really didnt sway me in either direction......my gut feelings are ....
They arent looking to take over the world down there in the DR. "IF" they get operational down there I think one of the large players down there will basically buy OTOW so as not to loose any market share. Val said they are hitting a rural area first. I like that they are rolling out conservative to make sure their level of service is above the others. BUT rural to me says low subscriber counts to begin with. Val said they would entertain offers if and when a competitor stepped forward and made an offer.
Established cellular providers have deep pockets :).
The interview didnt touch at all on current revenues or potential revenues from P. Pines or St. Augustine - which bothered me.
Several times Val mentioned outside investors or eluded that money was needed to get things completed.
There was no mention of the stock buyback progress. But a mention the stock was being manipulated to some extent.
"Bear with us" was stated a few times by VAl.
So I see this as a pure speculative long play at this point. Sure their may be some rips and dips but until the first customer is signed up and the towers power switch is flipped on this will be a flatliner IMHO until the DR gets rolling.
All the pieces "appear" to be getting put in place.
If anybody wants to start a class action suit for the total lack of information they supplied us investors regarding the suit that was ongoing I WOULD SIGN IT. Another pink scam where the investors got screwed it looks like right now.
Man I dont know what to make of this.....not showing up in court , a substantial judgement against us BUT then numbers were great . Traditionally on news like this I would dump my shares and take a huge loss and chalk it up to another PINK SCAM ......some part of this story is missing I feel .I am usually dead wrong on these things make - rash decisions - when I have made them in the past - similar stories ..... so I will go against my normal behavior and hold and see what unravels in court on this one ...again just because the numbers were great.
So I guess we could make a general statement that the supply is tight ? Everybody agree ?
Ditto had a large buy in earlier in the week and could only get it filled 1/3 rd....you have heard it from two people now ....supply has tightened folks - with a good 10q we are destined for a good run ......
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7240024
Filed.
[X] (a) The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
[X] (b) The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, 11-K or Form N- SAR, or portion thereof will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q, or portion thereof will be filed on or before the fifth calendar day following the prescribed due date; and
YEP USUALLY BETWEEN THE 14TH AND 18TH THEY FILE IT.....
Agreed my gut says the numbers will be great facilitating new money - interest coming in ....
W O W ...just checked in expecting a ho hum day and was greeted by this whopper ? Whats up something coming down the pipe ? Anybody got any DD they can share ? Or is this purely buyback action ?
Joe the Alabama SEC ordered a cease and decist on XPGH for issuing shares to pay people with ...basically from what I understand that means they were acting as securities dealers which they are not allowed to do or registered to do in the state of Alabama .....it is unclear if the sec is done and will take more action against XPGH and its management. Read it for yourself from the Alabama sec website and draw your own conclusions .....
http://www.asc.state.al.us/Orders/2010/CD-2010-0043.PDF
CD-2010-0043 08/17/2010 Xcelplus Global Holdings Inc
John Michael Parsons
Henry Harrison Parrish Cease & Desist Chuck James S10-0081
Man I almost bought some of this back in the 8 cent range...I am so sorry for you all ......I guess you should start signing the class action lawsuit sign up sheet now. To Publicly state via a pr a dividend will be paid to shareholders on xx date of record at .10 per share or whatever it was and then retract it days later is totally a sham and has to be illegal in my opinion .....this kind of bilking has to stop.....again so sorry to all that took a bath on this one ........
I think you are incorrect the Digame page states at the bottom
the St Augustine address and jives with
Earthcomms address....
"OUR USA Contact ADDRESS is
C/O Earthcom Service 1093 A1A Beach Blvd #442 St Augustine, Fl 32080
OUR USA Contact ADDRESS is
C/O Earthcom Service 1093 A1A Beach Blvd #442 St Augustine, Fl 32080"
"#2 All we know is that he has bought domain names, we dont even know what the domain names are or any details surrounding them."
I believe I chased it down to DigaMe Cellular a few months ago
http://digame.com.do/