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WORLDWIDE PROVIDES SHAREHOLDER UPDATE ON THE GREEN FUND
Mar 31, 2014
OTC Disclosure & News Service
Williamsburg, VA -
FOR IMMEDIATE RELEASE
March 31, 2014
WORLDWIDE PROVIDES SHAREHOLDER UPDATE ON THE GREEN FUND
NEW YORK NEW YORK, March 31, 2014 ? Worldwide Internet, Inc. (OTC Pink: WNTR) announced today a shareholder update on its portfolio company Green Company Holdings, Inc. (www.thegreenfund.us).
Green Company Holdings, Inc. has closed the first two investments totaling $2,000,000 in its first thirty days for the period ending March 31, 2014. It currently has letters of intent and indications of interest from other companies totally in excess of $8,000,000 that include cash and/or securities in exchange for their interest in The Green Fund. The company intends to close transactions on a monthly basis until it closes an initial $10,000,000 into the fund. The Green Fund will have its own independent legal counsel and auditors.
The Green Fund is looking at opportunities in the industry for payment systems and informational portals including online shopping malls. In addition the opportunities for technologies that can be modified and applied to this industry. This includes kiosks that provide the product and sales of ancillary products in addition to real estate that provides for warehousing of the product.
The company also is currently interviewing auditors as part of the process for its listing on to the NASDAQ or NYSE /AMEX.
Frank Kristan, President of Worldwide Internet, Inc. stated that:
"We are excited about our investment in this industry and we see a lot of opportunity for increasing shareholder value and providing dividends for our shareholders in the near future."
About The Green Fund
The Green Fund (www.thegreenfund.us) is a comprehensive group of qualified Small Cap Public Companies in the Emerging Hemp and Medical Marijuana Sectors that strives to bring you up to date Actionable Investment Intelligence on the pulse of these rapidly growing industries.
News hasn't hit yet on all sites.
Can anyone answer this question? Does there price have to reach the required levels prior to moving because the lead underwriter determines the price according to their assets and revenue.
Lets have a big $$$ day!!!
Buy in two or three times. Don't jump all in at once if you only have a small position. We swing wildly in both directions and you would hate to waste all of your powder if you could get in for just under a penny. I'm long on WNTR but that was a rookie mistake I made here. I have since averaged down to make sure I'm still making money. My original entry point was .0138
Not we want to our we think we will but we are PREPARING to uplist!!
We are also excited about our opportunities for 2014 that we believe can grow the company further as we close additional transactions this year and prepare for our listing on NASDAQ or the NYSE/AMEX exchanges."
Yes but he sold the debt so he can't control when they release the shares. Hopefully it is almost completed. Also we just need to keep the float around 250 to 350 million. Besides all the companies with large share counts seem to run higher than the companies with less than 100 million
This is what we are really interested in the patented technology!!
This could be worth millions if it is viable and catches on
Principal products or services, and their markets;
We have designed a proprietary cell broadcast/cell information technology product suite. This technology is commonly known as a short message service via cell broadcast (SMCB) for point to multipoint distribution of emergency and commercial messages simultaneously to multiple network subscribers. This type of communication process is initiated by our proprietary cbp2mp broadcast controller which will be installed in cellular networks of wireless carriers. Our controller transmits data to cell phones on the network which have our proprietary application (App) when within range of the towers. Our proprietary product suite includes the cbp2mp controller, the App for free download by cell phone subscribers and software which enables the network personnel to initiate the point to multipoint broadcast, including linkage to emergency broadcast systems. The controller, App and software comprise our cbp2mp system. We plan to offer our cbp2mp proprietary product suite to wireless carriers, agencies, and municipalities for no upfront charge, and bill the client a monthly service fee with a component based on number of broadcast transmissions. We believe our cbp2mp system and billing structure will be very attractive to rural cellular carriers and other providers of wireless broadband to communities throughout the United States.Our proprietary technology is a trade secret for which we plan to use commercially reasonable means to protect from infringement. We have a patent application pending for certain features of our technology, subject to our response to questions received from the Patent and Trademark Office.
Par or Stated Value: $0.001 par value per share.
Total shares authorized: 2,100,000,000 at December 31, 2013 Total shares outstanding: 705,715,248 at December 31, 2013 Total shares outstanding: 1,115,757,735 at March 27, 2013
We have to remember this was in order to be debt free. With the accounts receivable they could buy back the float if they decide to easily.
WNTR owed money by solar city which currently trades on the Nasdaq at 61.38 per share and China Ming Yang Wind Power Group Ltd
Which trades on the Nasdaq at 2.91!!! How much would we all like to see WNTR trading in those ranges!!$$$
Big money coming....
The Company has an account receivable due from China Ming Yang in the amount of $1,734,000 and $500,000 in an account receivable due from Solar City.
On June 24, 2013 the Company received a term sheet for the purchase of up to Two Hundred and Fifty Thousand ($250,000) Dollars of the Company’s common stock. The Company completed the Investment Agreement subsequent to June 30. The company has not drawn down any funds under the terms of the investment agreement.
On June 30, 2013 the Company entered into an agreement with World Capital Leasing Inc., to acquire a portfolio of leases for Three Million ($3,000,000) Dollars by the issuance of 600,000 shares of Series C Preferred Stock with a stated value of $5.00 per share. The transaction has been completed and the Series C Preferred shares have been issued pursuant to the agreement.
On July 9, 2013 the Company entered into a Letter of Intent to acquire the Honeywell Estates LLC for a total purchase price of Twenty Six Million ($26,000,000) Dollars. It provides for the payment of Two Hundred and Fifty Thousand ($250,000), assumption of a First Mortgage and the balance of payment in the form of a Secured Convertible Note. The transaction was scheduled to close on or before August 31, 2013. However,the company has not been able to complete the transaction and continues to work on a possible financing of the acquisition.
Otc markets website is currently down while they do some maintenance. I was trying to find the report to read it.
The Honeywell estates they are still working on according to the report.
Awesome news$$$$ no stopping WNTR NOW
Missed this morning!!! Damn it!! Looks awesome guys! Thanks to everyone for hanging in there!!
Also when it breaks .02 or .03 I'm going to have to ask hippo to post that picture of the hippo on the moon!!
Yes a little so far. My avg is .0084. In it for the long haul been in since August. Followed toucan here being a newbie and haven't left yet. Thinking this could be a life changer even though I only have 275k.
That's true work harder and you're probably right watching the water boil never gets anything done. We've moved nice and slow upwards and I think the fins have the possibility of one of those crazy days either up or down. Just hoping for not too much of a sell off on the news when it comes.
Love that we are holding our ground!!! Hope to move to .02 on the fins or next completion pr!!! Go WNTR LONGS!!!$$$
Trying to walk us down! No way
Just quietly creeping along!! Good to be holding a penny!! Big explosion once the RSI moves back over 70 IMHO!!!
WNTR Big breakout coming multi pennies
WNTR making new support above above a penny! Financials coming In the next few days!! Check out the dd over on the WNTR board this is going to multi pennies soon
WNTR next big runner$$$
Check out WNTR$ it has closed above the resistance the last two sessions!!!
Hear that my wife wasn't very happy when I told her I rode WNTR all the way down from .0138 to .0014!!! But I think she ll be a lot happier when I give her the update! Lol
This is exciting!! Hoping we can close the week at the 200 day moving average!! Can't wait to see the financials. I hope net are released Friday premarket!!!
WNTR relentlessly climbing higher each day!!!
WNTR closed above resistance for the 2nd straight day!!! He chart is indicating many more pennies coming$&&
WNTR ready for multi pennies soon!!
CHeck out WNTR!! closed above resistance again today!!!!Come on over to the board and check out the dd!!!
CHeck out WNTR!! closed above resistance again today!!!!Come on over to the board and check out the dd!!!
WNTR closed above a penny for the 2nd time this week!!! RSI and TRIX are still indicating more room to run!!!
WNTR Building new support level at a penny!!!
Hoping for another great day today!! Go WNTR!!!
Probably both!!! Go WNTR LONGS$$$$
I agree!! Last time we crossed the penny mark we got taken Down by greedy flippers!!! This time we aren't going back to sub penny IMHO!!! Too many positives for WNTR THIS TIME$$$
WNTR BREAKOUT ALERT
Already crossed a penny and more room to run
Hey shark ness, good call on the pr today! I'm glad we are getting the completion prs for the deals they have been working on recently!