Why I'm not selling. First of all, I want to make a correction or two to the previous posting. MOBL does not have one billion shares outstanding. They currently have 589 million according to all the latest sources I can locate. This "one billion" idea is totally false. The one billion relates to the number of shares that's been filed with the SEC if needed, not to how many shares are actually out there as part of the float.
As far as Cornell, yes, a lot of us don't like Cornell, but that seems to come down to more of a personal thing as opposed to "reality" of something bad going on. There's no proof that Cornell's been engaging in short selling of MOBL prior to or during the borrowing of funds from Cornell by MOBL. As far as the idea of borrowing from someone else, who's too say it wouldn't have been a worse deal than borrowing from Cornell?
As far as expansion of a footprint by MOBL, that's not necessary. MOBL can do quite well with its existing footprint. Just look at T-Mobile that was built by a guy by the name of Stanton. Stanton strung a bunch of cell phone networks together and built a cell phone network (Voice Stream) together that was sold to Deutsche Telekom for billions of dollars. While I don't expect billions for MOBL, I can very easily see a more mature MOBL being the target of any one of the cell phone operators in the not-to-distant future. The cell phone operators want to be in a position of selling the "entire package", and MOBL has part of the package.
Now, as far as MOBL's concerned, MOBL has far too many ties to larger companies (Sprint, RCNI, Cisco, Cox, just to name a few) that it does business with in one capacity or another. MOBL's selling one thing or another to them, and a failure at MOBL would result in a failure at one or all of the other companies. Cisco even has a equipment lease-back arrangement with MOBL, and I really don't think Cisco's going to enter into a deal that's going to result in their equipment being allowed to sit in the field and deteriorate with lack of use. The deal with Cisco lends a great deal of credibility to the whole idea of the last part of the total package being offered to the public regarding wireless.
When it comes to financing, MOBL now has about $24 million to play with. MOBL doesn't rely wholely on the new cities for generating revenue. They have, and currently do, have a revenue stream as has been demonstrated by the fact that they've been profitible for three quarters. So, while they're doing their buildouts, they are still producing revenues.
So, let the old business continue on as it was, build out the new business, and let's see what happens. They're doing all the leg-work for the likes of Sprint, T-Mobile, Verizon, AT&T or who knows what company. One of them will undoubtedly appreciate it.