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From todays news.
"These approvals, are for our expansion into these underserved markets which will allow us to become a major provider of broadband services in these territories and will contribute greatly to our overall penetration Strategy."
In my opinion each of these approvals are just a piece of the puzzle of OTOW and CEO Val Kazias overall domestic penetration strategy. Val Kazia has been in this industry for years and has ties with and has worked for T-mobile, ATT, and other major companies. Val has a plan in place and a strategy and he is methodically putting the puzzle together right before eyes. This stock is trading at about a penny right now. It is truely a ground floor oppurtunity to be part of something big. OTOW, through Vals leadership, has goals to be a major provider of broadband services. When the puzzle is complete this stock in my opinion can be trading in the dollars. It can be a life changer for those who got in at these stages. I for one, would be kicking myself if I knew about this oppurtunity and did not buy shares at these ground floor levels.
Therfore, I personally have decided to buy a substantial postion and will hold until OTOW and Val's plan is complete.
Maybe this is the start of something big. Been holding patiently and silently for a while now.
Nice DD Spike.
Ask seems to be very thin right now. Moving up on small buys.
News out!
Looks like it wants to bounce here.
Lots of 5000 share sells again.
This is from 2008. Looks like Val was representing T-Mobile at a County zoning board meeting. Now he's running his own company OTOW. Looks like he has tons of experience in his field. All his experience should serve OTOW very well.
MINUTES
CHARLOTTE COUNTY BOARD OF ZONING APPEALS
Wednesday, June 11, 2008 - 9 a.m. – Room 119 Charlotte County Administration Center 18500 Murdock Circle Port Charlotte, FL 33948-1094
Petition #SE-96-14 (Modified #2)
T-Mobile is requesting a modification of an existing special exception to allow a 100’ high communication tower in a Residential Single-family-3.5 (RSF-3.5) zoning district. The property address is 19150 Helena Avenue, Port Charlotte, Florida and is described as Parcel P1, in Section 20, Township 40 South, Range 22 East. The property contains +/- 10 acres. A complete legal description and additional information are on file.
Ken Quillen presented general information and staff findings for the petition.
Val Kazia, 1093 A1A Beach Boulevard #442, St. Augustine, representing the applicant, appeared before the Board to further present the petition. He noted they looked at possibly locating the tower at the Kiwanis Park, however, found that there was a deed restriction on the property limiting the height. The church property was the only viable property in the area. The applicant agrees with the staff’s findings and recommended conditions.
Tom Thornberry questioned why the County did not want the tower to be placed in the Kiwanis Park. Mr. Kazia responded that it was due to the height restriction. Mr. Thornberry commented that the Kiwanis Park would be a much better location for a communications tower.
The market value imo should be much more than $14,076,486. That figure is derived by multiplying current pps by the number of outstanding shares.
In my opinion the market value of OTOW should be a minimum of 50 million which would put this stock above .10.
It will be soon I beleive.
Share Structure
Market Value1 $14,076,486 a/o Mar 14, 2011
Shares Outstanding 493,369,629 a/o Mar 10, 2011
However with a market value of $14,076,486 the pps should be at least .0285 to account for the reduction in outstanding shares.
14,076,486 divided by 493,368,629 = .0285
The market has yet to make this adjustment.
http://www.otcmarkets.com/stock/OTOW/company-info
Otcmarkets.com has now updated the company info page for OTOW to reflect the new updated amount of outstanding shares.
OTOW Security Details
Share Structure
Market Value1 $14,076,486 a/o Mar 14, 2011
Shares Outstanding 493,369,629 a/o Mar 10, 2011
Float 389,698,978 a/o Mar 10, 2011
Authorized Shares 1,500,000,000 a/o Mar 10, 2011
Par Value N/A
Shareholders
Shareholders of Record 491 a/o Mar 10, 2011
CRPID
Ask just moved down to .75. Was at $1.01 the last few days.
Bid still at .022.
Hence no volume since the reverse split.
Wonder what the reason was for the reverse split. Outstanding shares must be about 1 million right now.
If Hank Nelson is the former CEO of Clearstory Systems as that press release states. Then, who is the new CEO of CSYS?
Yea- I noticed CSYS went up today, so I checked for news. I use Equity Feed and that news came up.
Now I see why.....
This was in the press release.................
Hank Nelson joins the Company as a Director. Hank is the founder and principal of Monadnock Advisors LLC , a business advisory and investment banking firm focused on the small to mid-sized markets in technology, health care and business services markets. He is the former CEO of Clearstory Systems , CEO of INSCI Corporation , COO of Vitalworks (sold to InfoCure) and COO of InterQual (sold to Access Health ). Hank has a BS from Northeastern University .
Here-- I just copied and pasted it.
Shoot sorry---just realized that news is for SOFT. I don't know why it shows up for CSYS on my Equity trade account.
SofTech Announces New Management Team Business Wire "Press Releases - English"
New Team, Recapitalized Balance Sheet, Strategy Focused on Profitable Growth
LOWELL, Mass. --(BUSINESS WIRE)-- SofTech, Inc. (SOFT.PK) today announced the appointment of a new management team and Board of Directors led by the Companys former CEO, Joe Mullaney . As part of this reorganization, the new team has raised approximately $420,000 of new equity in exchange for approximately 7.7 million shares of unregistered common stock, a $2.9 million term loan and a $300,000 line of credit from One Conant Capital, LLC , a subsidiary of Danversbank.
The new team has negotiated an agreement with Greenleaf Capital , the Companys largest shareholder and sole debt provider to accept a payment of $2.75 million in cash at the closing and a subordinated note for $250,000 in full satisfaction of its indebtedness of approximately $10.6 million . Upon payment, all Greenleaf Capital debt facilities (except for the $250,000 subordinated note) with the Company will be terminated. Greenleaf Capital will retain its 5.4 million shares of SofTech stock although its ownership will be diluted to approximately 27% as a result of the new shares issued to the new investor team. Greenleaf Capital has given the SofTech Directors voting proxy over its shares for the three year period following the close of the transaction which took place on March 11, 2011 .
SofTech is a tremendously resilient company with solid, long term customer relationships built on a foundation of exceptional customer service and products that work. The employees, many of whom have been with the Company for 15+ years, believe deeply in the technologies we offer and strive every day to exceed customer expectations. This is a fantastic opportunity to reposition SofTech for profitable growth with a healthy balance sheet, reduced debt service and, above all, an experienced, technology-focused management team and Board of Directors whose financial interests are directly aligned with the interests of the shareholders, said Joe Mullaney .
The New Team
Upon completion of the transaction, Joe Mullaney , Bob Anthonyson , Phil Cooper and Hank Nelson were appointed to the Board of Directors. Ronald A. Elenbaas , Frederick A. Lake and Timothy L. Tyler resigned as Directors. A brief description of the background of each of the new Directors and their role with SofTech going forward follows:
Joe Mullaney re-joins the Company as CEO and as a Director. Joe served as CEO from June 2001 through December 2006 . He developed and implemented the turnaround strategy that ended three consecutive years of negative cash flow totaling almost $10 million and has resulted in almost ten years of positive cash flow. After SofTech he joined Boston Communications Group, Inc. as CEO and CFO and repositioned that troubled entity for a successful sale at double its then current market value. Over the last three years he has been active as a management consultant to established entities in the technology and renewable energy areas, while also participating as a principal with a start up focused on e-Commerce. Joe has a BS from Stonehill College and an MBA from Northeastern University .
Bob Anthonyson joins the Company as Vice President of Business Development and Director. Bob is a founder of AVID Systems, a developer of RFID-based technology that allows automated payment when entering or exiting parking garages (sold to Amtech Corp. ), co-founder of Dynamics Associates (sold to Interactive Data Corp. then owned by Chase), a patent holder, and technologist. He currently serves as a Director of FireStar Software . Bob has a BS and MS from MIT and an MBA from Stanford University .
Oh. O.k. My level 2 shows a close at .0146. Plus 1.39% for the day. But it doesn't really matter in the long run. Soon, I believe these days below .05 will be long gone.
At least we closed green for the day.
Wow. Nice buy over $6,300.
Nice News out today. New management team.
I agree. 833,500 premarket shares have been bought so far.
Ask upticked to .015 now.
Bounce time
More news out this morning..013 x .012
Starting to move back up now.
Form 4 just filed.
Wouldn't even fill me at .0185. Moved the ask up again.Its all right these prices still so cheap.
Just picked up some more at .018. They didn't fill my order though and moved the ask up on me.
Ask just moved up to .0165. I think its gonna start running soon.
It looks like the ESFS Blog has been updated again on 02/24/11.
Ask at .0095 now.
Seems to moving back up nicely now. Nice buys at .0085
News out.
News out.
News is out!
Loaded up at .0005. I like the looks of this one.
I remember that post almost 2 years ago. Great call!! Got any other ones??
Some buys coming in at .0045. Thinking of adding more here.
Looking forward to the interview tonight. Hopefully they will share some nice info on what we should expect from the company in the future.
More News Just Out!