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Who owns Wifidelity exactly? Does anyone know? Does Victor have any interest?
Related party transactions have rules. WLAN will not be able to just report losses. The amounts that WiFidelity charges WLAN to sell the boxes has to be at fair market value. If they sell the boxes to wifidelity at cost they would have no profit motive. I am not positive but I suspect the sec has some laws protecting shareholders from that type of structuring of transaction. The IRS would close WLAN down in a hot minute. The bottom line is the transaction has to be an "arms length transaction".
Correct, we should know the details. Your concerns are usually based on the worst case scenario, and this is no different. This is a sub penny stock. It's risky no doubt about it. Most here have assumed the risk and are good with it. I do enjoy reading your opinions, it makes for good dooms day scenarios. Go WLAN!
You make a point. But we don't know the details of the agreement. It might not be as bad as you think. In addition they really haven't sold much. So it this thing takes off, like I hope it does, if the profit margin for WLAN isn't reasonable, share holders will have a decision to make. Keep in mind also the insiders are shareholders also.
What your describing is a related party transaction. The transaction still must be an "arms length tranaction". Basically you cannot structure transactions between related parties as your describing. It violates US tax code for one. I am not sure but I would think shareholders would also have some recourse. Look up arms length transaction and related party transaction.
I think his name was Jesus.
Mind sharing? Thank you in advance.
Nickel sounds excellent!
Yo Vic! When this company is hopefully successful and has a stock offering I will be first in line to purchase some of those shares. Then will I matter?
Someone posted a while back that they talked to Brown and he said he was a consultant. I think I read it about a month ago. Sorry don't have time to look for the post.
No that guy that I first responded to said he purchased shares at .0003. I was just saying he should sell in my opinion and take a profit. You should probably ask him why he purchased this that early. Sounds like he knew something. All jmo.
Not short. Mark this post. He should have sold. Jmo
If you got in at .0003 you better sell now!
Discouraging.
Like Buffet says: The stock market is where impatient people transfer wealth to patient people. Or something like that.
That arrest record that was mentioned a while back on this board had a Date of Birth of January 1950(64yrs). Would appear to be him.
I wonder how that will affect the suit with Mitch.
As far as restricting the shares for an extended period of time, is there a form they file or would we be looking for a PR to show that there is a completed agreement to extend the restriction period? Anyone?
Not bad responses. I just hope they deliver in the 3rd qt with that increase in revenues.
If and when the answers to the questions get released I hope they use the same philosophy as the PR. "No fluff PRs". I hope the answers aren't all fluff.
Come on NVOB. Give us some contract and distributor news.
Almost a month since the last PR. 5/13 was the last one.
Agreed. Hope he shares.
Anything green I drop some coin on. Treat it like a slow cooker. Set it and forget it. Add a little flavor when you can. Calm down people. Relax:)
It matters to me what they invest in. The increases or reductions show you where the money went. I like to combine the balance sheet, income statement and cash flows to determine what the company is doing. This last increase of 135K in investments is the current company. The investments in Q1 did turn a profit. The net profit in Q1 is the same as Q4 of 2013. Financials should have more detail especially with an item on the balance sheet that increases that much. In your previous post you explained what made up that figure? I guess I missed it.
Labeling an item as Investments does leave a lot of questions. Vapor stated to do some DD but the financials is where you should find that type of information. This figure increased in the last quarter significantly. The largest change on the balance sheet. I would have liked to see a note in the fins with a description. Patents I am sure is in there but if it was all patents why not label it patents? I suspect there are lease hold improvements to the building in CA. May be it is all patents but since it is not in the fins the only way to find out is to call the company. But the good thing about that figure it was increased with cash from operations.
Maybe we should all put some money together and hire a lobbyist to get that done LOL. But seriously that would be awesome.
So when Victor sells his shares the person who buys them doesn't matter and is a useless shareholder. He is clueless.
Snap shot of what happened this quarter.
Sales 432,880
Rec increase 8,076
Cash rec in quart 1 424,804
Less COGS 247,430
Less Operating Exp 25,336
Cash remaining 152,038
Increase to Other Assets 135,407
Increase to Cash 11,926
Increase to Fixed Assets 8,790
Increase to Current Liab. (4,085)
0
The major out lay of cash went to other assets. The notes in the financials don't give much information. I guess the increase is due to the California property and the improvements made to the building to prepare it for operations. Liabilities barely moved. The quarter doesn't seem that bad to me. They appear to be staying with in there means. I am really looking forward to some information on the distributors.
We've gotten some good news on Friday in the past. Come ooooon Friday! Toss us a bone.
It won't let me put the order in over .06. I tried it in small amounts all the way down to 1,000 shs. I don't watch this that close so can't put it in that low. I'm long term.
I tried that and I get a message say the price is to high for stocks under $10. New to this. Am I doing something wrong?
Even then I think they would have just filed an extension. I think someone dropped the ball.
OTC market website has the complete filing. The PR gives you more of the direction there going. The complete income statement, balance sheet and cash flows are there under filings and disclosures.
I just read it in the fins. Those liabilities are the pre-merger liabilities of ACYD. See page 14, note H. So until the situation with the 109 million shares is handled that will be there. So in essence Wialan is debt free. The funds due from the shareholders is how the losses are being funded.
I bet something comes out after hours.
Very true. I mentioned that earlier but these guys don't want to hear that. This filing doesn't mention anything other than some assets. A little debt doesn't scare me but interesting none the less.
Wasn't there over 300k of accounts payable in the 4Q filing? How did they get rid of that with 48k in revenue? There's debt.
I guess I don't, and judging by the tone of your question I must be an idiot. Sorry, I guess I don't understand your question. I apologize for taking the time to respond to you with what I thought you were looking for. It won't happen again.