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I am not in this stock at this time, but the 10q was released at 12:40 today.
Outstanding shares up to 181,025,187.Was about 30,000,000 million in April 2011. This occured about a month after their recent 8 to 1 reverse split.
From the lates quarterly report:
7. Any change of control:
On March 15th of this year Worco & Associates exchanged $150,000.00 of $191,609.00 outstanding legal bill for 150,000,000 shares.
8. Any increase in 10% or more of the same class of outstanding equity
securities:
Balance
December 31, 2009 8,201,984 shares
December 31, 2010 8,201,984 shares
Stock for Services Issued 150,000,000
Stock for Conv. Debentures 30,000,000
March 31, 2011 181,025,248 shares
9. Any past, pending or anticipated stock split, stock dividend, recapitalization,
merger, acquisition, spin-off or reorganization:
On March 10th, 2011 an 8 for 1 reverse split was effective.
Gonna pick up another 50k shares right now at .0092.
Slow day here so far. Can't wait for some news to come out. Could be anytime now.
Off Topic----Bin Laden is Dead
Still cloudy here in Montauk, yet the sun is supposed to finally come out tomorrow. First time all week. Fwiw I have been doing alot of independent dd and research on OTOW and although some info is hard to come by, I have been able to verify many things the company is doing through emails with officials in Florida and with others and thru other research. From what I have been told O2 secure wireless should be offering service on the Palm coast of Florida this summer and to other parts of Florida soon after.
Sounds nice. You ever drive two hours east to Montauk. Thats where I live... the eastern tip of Long Island. I own a pizza/Italian restaurant right in town. Its beautiful out here. Too much snow this winter though..looking forward to summer.By then OTOW should be at much higher levels.
Bid stacking at .019 now. 3 mm's deep.
Great Day......News should be out real soon.
This will be our forth green day in a row and we are back over a penny. Definitely not complaining here.
Yesss. Ask back to a penny. Great start to the week. Waiting for some funds to clear so I can add some more.
Third green day in a row. Things looking up imo.
Bid and ask moving up again this morning.
.009 x .0093 now.
Nice find!!! That should bode well for the future of OTOW.
Nice close at .009. Another green day.
Just checked in. Nice!! Looking good today!!! Still so much more to go up. Holding for at least ten cents.
Thank you. I was able to find some other positive interesting information regarding OTOW that I will post later when I have some more time. I plan on wiring some more money to Scottrade today, so I can buy more at these prices.
Thanks for the update. Been quietly holing for a while now. Just patiently waiting for the multibagger that AIMH will be bringing soon.
Here's a liitle more DD I've stumbled across.
http://www.canto.org/news_center/news_center_home/telecoms-news-highlight
This article doesn't even mention the stock symbol OTOW, just o2 secure wireless.
Telecoms News Highlight
Published:Friday, August 27, 2010
Digicel eying high data revenue growth boosted by WiMax launch - Caribbean, Jamaica
Boosted by the launch of its WiMax platform last week in Jamaica, Irish-owned mobile operator Digicel is forecasting high double-digit growth in data revenues across its Caribbean markets in the current fiscal year that ends March 31, 2011, the company's CEO Colm Delves told BNamericas.
In 24 markets across the Caribbean and El Salvador, Digicel Group Limited saw 31% growth in data revenues year-on-year for the year ending March 31, 2010. BlackBerry user numbers rose by 138%.
"We have seen sustained growth in our data revenues as a percentage of total revenue. It's exceeding our own internal projections. We saw good growth last year and we're seeing it at a higher rate in the current year," Delves said.
"It's a combination of people being more internet and data hungry - whether it's SMS or BlackBerry service, there are a number of drivers of that. It has been sustained and we think that going forward we would certainly see high double-digit growth in that area," Delves said, predicting it could be higher than in fiscal 2010.
WIMAX
Digicel launched in Jamaica on August 24 a much anticipated WiMax platform in the 2.5 GHz band, which is geared toward the residential segment.
The company has operated a corporate WiMax platform for several years and Delves says that 70% of corporations on the island now use the service.
Digicel is keen to compete with the 3G offerings of LIME, and Claro and is promising to guarantee a minimum of 6 Mbps and up to 10 Mbps - some 10 times faster than what the competition is offering, he said. Prepaid offerings of 7, 14 and 30-day plans are expected to make the service attractive.
Postpaid customers get the CPE for free and pay a monthly subscription of around US$29.
Digicel has also reached agreements with retails chains such as Courts to bundle the service with laptops or netbooks, meaning a customer could be up and running from scratch for around US$600, Delves said.
Jamaica is Digicel's second residential WiMax platform, already having a service in the Cayman islands. The company has said it will invest over US$22.7mn in the first year of the project which is providing initial coverage of 60% of an island that is 54% urbanized.
Coverage will be ramped up over the next 12-18 months depending on demand, Delves said, adding that internet penetration is currently low at 17%, while only 12% have broadband.
"We believe that the demand and initial reaction have been extremely positive and we're going to see sustained demand for the service, much as we did with mobile when we first launched that. So that will have a big bearing on the speed with which we expand the service," Delves said.
Roundup: Earthcom, Sorrento, Kaboom - Regional
O2 Secure Wireless' subsidiary Earthcom Service has entered into a master build-to-suit services and license agreement with Vertical International to build wireless tower facilities for a project in the Dominican Republic, O2 Secure Wireless said in a statement.
The project is slated to build 450 towers over the next five years. Vertical International USA is a site management, development and construction firm focused on telecommunications and wireless infrastructure in the US while its subsidiary Vertical International overseas similar developments in Latin America and the Caribbean.
***
Metro optical access solutions provider Sorrento Networks has signed TeleNetworks Broadband Solutions as a reseller partner for the Caribbean, Sorrento said in a statement.
TeleNetworks provides telecommunications networking solutions for carriers, utilities, service providers, multiple systems operators and enterprises in Puerto Rico, the Dominican Republic and the rest of the Caribbean.
According to the statement, there is considerable opportunity for broadband growth throughout the Caribbean sector. According to Internet World Stats, the Caribbean has a population of 41.6mn and 9.6mn internet users, or 23.2% penetration.
***
Great DD Spike! Thanks for sharing.
Level 2 on OTOW shaping up nicely for a run. 5 MM's on the bid at .0085 now.
Haven't checked my Scottrade account once this week. Don't even want to know what it says. Would love to add more here, but I'm out of powder for now. I know this stock can explode upwards at anytime, and I'm holding for the long term, so I won't let a few down days affect my positive outlook for this stock. Our day will come very soon I beleive.
O2 Secure Wireless CEO Val Kazia Featured in Live Interview on ChartPoppers.com
O2 Secure Wireless (USOTC:OTOW)
Intraday Stock Chart
Today : Wednesday 13 April 2011
O2 Secure Wireless, Inc. (PINKSHEETS: OTOW) announces that the Company's CEO, Val Kazia has been interviewed and that the discussion is now available on for review ChartPoppers.com/iReports.
O2 Secure Wireless (http://o2securewireless.com) is an Internet communications company providing high-speed wireless broadband products and services to residents within high-density residential communities, mobile professionals, as well as to companies that support these customers. The Company is currently developing numerous wireless towers and assisting in the development of wireless broadband communication services facilities in the U.S. Under a merger with Earthcom Service Inc., the Company is currently being structured to provide affordable flat rate pre-paid wireless services in developing countries internationally.
In the interview, the CEO references: the LOI with Ark Capital, the overall project in the Dominican Republic, the contract with the bank in the Dominican Republic, as well as the company's websites.
To listen to the interview in its entirety visit: http://ChartPoppers.com/iReports
ChartPoppers.com is a small-cap research and investment commentary provider. ChartPoppers.com strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on ChartPoppers, please visit http://ChartPoppers.com/ireports
ChartPoppers.com Disclosure
ChartPoppers.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. ChartPoppers.com is a Web site wholly owned by Seo Freisin, Inc. ChartPoppers.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. Please read our report and visit our Web site, ChartPoppers.com, for complete risks and disclosures.
It was recently announced that the Company has entered into the preliminary stage of securing funding to build and deliver Cellular and broadband services throughout the entire region of the Dominican Republic.
Ark Capital Ventures has expressed an interest in funding the Company up to 100 Million US dollars. They have initiated the due diligence process, both the company and ARK are committed to putting forth their best efforts to secure the commitment thereafter.
About O2 Secure Wireless: O2 Secure Wireless is a Company that is currently developing numerous wireless tower facilities in the U.S. The Company is also instrumental in the development of wireless broadband communication services domestically. Under a recent merger with Earthcom Service Inc., the Company is currently being structured to provide affordable flat rate pre-paid wireless services in developing countries internationally.
Safe Harbor Act: This release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report.
For more information:
http://o2securewireless.com
Investor Relations:
Gibraltan Financial
(407)830-9777
Looks to be bouncing here.
Mm's are just looking to aquire cheap shares before the big news hits and the huge run occurs. They sure are not getting any of mine. Holding tight.
This is an old article from December 2010 from a Domininican paper. I uses Google translate it, as it was in Spanish. It kind of goes hand in hand with with the letter intent for $100 million.
http://translate.google.com/translate?hl=en&sl=es&u=http://www.listin.com.do/economia-and-negocios/2010/12/9/169655/Empresa-invertira-en-RD-US100-MM-en-telefonia-movil&ei=Ze6VTdbNOcPAgQeplYHVCA&sa=X&oi=translate&ct=result&resnum=6&ved=0CEEQ7gEwBTg8&prev=/search%3Fq%3Dval%2Bkazia%2B2011%26start%3D60%26hl%3Den%26sa%3DN%26rls%3Dcom.microsoft:en-us:IE-Address%26rlz%3D1I7ADRA_en%26prmd%3Divnso
This is the original.
Economy & Business December 9, 2010, 10:25 PM 0 Comentarios 0 Comments
COMUNICACIÓN COMMUNICATION
Empresa invertirá en RD US$100 MM en telefonía móvil Company will invest RD $ 100 MM in mobile telephony
Santo Domingo Santo Domingo
La empresa O2 Secure Wireless, Inc., proveedor emergente de telecomunicaciones, se prepara para lanzar un servicio de telefonía celular de bajo costo para consumidores locales en el segundo semestre de 2011 en República Dominicana. The company O2 Secure Wireless, Inc., emerging telecommunications provider, is preparing to launch a cell phone service affordable for local consumers in the second half of 2011 in the Dominican Republic.
La inversión será de US$100 millones en los próximos cinco años. The investment will be U.S. $ 100 million over the next five years. La inversión responde a una investigación de que arrojó resultados determinantes acerca de la fuerte demanda en el mercado de la telefonía celular en República Dominicana. Investment responds to an investigation that yielded decisive results on the strong demand in the mobile telephony market in the Dominican Republic.
O2 Secure Wireless ofrece servicio en Estados Unidos y el Caribe. O2 Secure Wireless provides service in the U.S. and the Caribbean. Bajo su más reciente unión con Earthcom Service Inc., la compañía expandirá sus servicios a República Dominicana a través de su subsidiaria, Earthcom Service C Por A, ofreciendo servicios de telefonía celular a una tasa fija pre-pagada a todos sus clientes. Under its most recent merger with Earthcom Service Inc., the company expanded its services to the Dominican Republic through its subsidiary, Service Earthcom C for A, offering mobile services at a fixed rate to pre-paid customers.
El nuevo servicio de telefonía celular presentará una variedad de planes de bajo costo que se acoplará a todo los estilos de vida y presupuestos. The new mobile service will feature a variety of affordable plans that will fit all lifestyles and budgets.
“Dedicamos un buen tiempo a la realización de esta investigación y obtuvimos resultados sorprendentes como la necesidad que tiene el país de un servicio ilimitado y de bajo costo, situación que ningún proveedor ofrece actualmente,” explicó Val Kazia, presidente y socio operador de Earthcom Service Inc., compañía hermana de O2 Wireless. "We spent a good time to do this investigation and obtained outstanding results as the need for the country of unlimited service and low cost, a situation which no vendor currently offers," said Val Kazi, president and operating partner Earthcom Service Inc., sister company of O2 Wireless.
Earthcom Service será la compañía encargada de presentar este nuevo servicio. Earthcom Service will be the company responsible for introducing this new service. República Dominicana es un país con más de nueve millones de habitantes, y escasamente existen 994,000 líneas fijas. Dominican Republic is a country with more than nine million people, and hardly exist 994.000 fixed lines.
Los resultados de la investigación también concluyeron que en República Dominicana existen 8.8 millones de teléfonos celulares. The results of the investigation also concluded that in the Dominican Republic there are 8.8 million cellular phones.
Esto presenta una extraordinaria oportunidad para que la compañía pueda presentar un servicio cuyas características son llamadas ilimitadas y planes pre-pagados. This presents an extraordinary opportunity for the company to provide a service whose features are unlimited and prepaid plans.
Val Kazia, presidente de la compañía, es un experimentado profesional en la industria de las telecomunicaciones con más de 15 años en la industria trabajando para AT&T, Sprint/ Nextel, Powertel/T-Mobile, General Dynamics/Verizon, entre otras,s egún un comunicado de prensa divulgado a los medios internacionales por Amgw: prworks. Val Kazi, president of the company, is a seasoned professional in the telecommunications industry with over 15 years in the industry working for AT & T, Sprint / Nextel, Powertel / T-Mobile, General Dynamics / Verizon, among others, s ccording a press release issued by the international media Amgw: prworks.
Level 2 looking pretty thin on the ask side to .262.
Ask gapping up to .004.
Just picked up a few more at .0122. This should pop any day now imo.
Nice 1,000,000 share buy just went thru at the ask.
Wonder if we will get a t-trade today. Personally, i doubt it.
Nice day today. Just wired funds into my account so I can add some more. Funds prob won't show up in my Scottrade acct until tomorrow though.
Just checked Scottrade and thay have also updated OTOW to show the correct number of outstanding shares...493 million.
Charlie,
Since you keep mentioning Kaspar Strandskov who is the admin of arkcapitalventures.com. This site may or not have anything to do with the Ark Capital Ventures that is in the latest p.r.
But it seems this Kaspar Strandskov has a pretty impressive background when it comes to finance.
From Linkedin.com
http://www.linkedin.com/profile/view?id=46744814&authType=NAME_SEARCH&authToken=RPM4&locale=en_US&srchid=eb91971a-834b-4b79-9b1d-29b67b9e4cb7-0&srchindex=1&srchtotal=2&pvs=ps&pohelp=&goback=%2Efps_*1_Kaspar_Strandskov_*1_*1_*1_*1_*51_*1_Y_*1_*1_*1_false_1_R_true_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2
Kaspar Strandskov
Past •Founder at Worldwide Currencies
•Founder at Velvet Octopus
•Owner at Aurelius Investments Plc
http://www.aureliusplc.com/clients.htm
Pretty impressive company he founded. Pretty impressive background.
This Ark Capital Ventures may or may not be his latest company.
I emailed Val as well today to let him know what a great job he is doing with OTOW. Also asked him about ARK Capital and just as Greg the Greek stated, he told me they are a large private fund and wish to remain that way. He said he had a hard time just getting them to approve the press release . He said his main concern is finishing the dd with them and getting the funding started.
This might be thier website.
http://arccapital.net/
I think your right. Especially since VERT has been off the ask most of the day.
Nice day today. Wonder if we will get another t-trade.