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Dumping, selling, and shorting is all that's going on here. MM's know that Mobl WON'T get any financing with Cornell being owed $15 million + interest. All Mobl can due is issue shares to cover it. Jay can buy all he wants and it won't help either. Everyday volume drops and soon Cornell will be getting shares at .000?
With 2,080,000,000 shares out and a float of just 410,000,000 IF they sell anything we should be ok. Question is when does all this happen. Nice line of products look great on paper, now all we need is some buyers.
Once it gets to the edge of the cliff. eom
We have NO VALUE as it is bobky. With a merger we would have a chance at something. Well maybe.
Dan is full of SHIT. Period . eom.
I'll bet Dan has no idea either. eom
Come on Dan buy Google. We'll believe the PR. Ok maybe just the G in Google then. lol eom
I've been waiting for this day my entire life. I hope it brings better things then yesterday.
You turn coat bobky. lol eom
What's up with our little gem today? All this negativity. I thought we were on TOP of the world with a name like SUMMUS. You know Rome wasn't built in a day, although it does seem like it FELL overnight.
Who's fault is that????????eom
If you ask me? None what so ever. eom
Hey Dan what is the plan now? You haven't done squat for us yet so what say you? How about a good pump for old times sake. We won't sell into like you have. NOT
OT...
The new supermarket near my house has an automatic water mister to keep the produce fresh. Just before it goes on, you hear the sound of distant thunder and the smell of fresh rain.
When you approach the milk cases, you hear cows mooing and witness the scent of fresh hay.
When you approach the egg case, you hear hens cluck and cackle and the air is filled with the pleasing aroma of bacon and eggs frying.
The veggie department features the smell of fresh buttered corn.
I don't buy toilet paper there any more.
Well we didn't get more dilution today.
Are you sure it's still ticking?
Which Value Vaporation Venture will Dan take this time?
Don't sell to early or you could lose millions of $.
Wasn't that a sell at .0000_? eom
Well it does seem that Dan is selling everything he can. Therefore he must be trying to do something with regards to the direction of his master piece.
Hey bobky. How about this early action in SMMW? Could be the start of the move.
Look on the bright side people. It's all up from here.
Morning all.
Was it Larry or his other brother Larry. lol Thanks bob. Hope it wasn't Larry, Curly, Shimp or Moe.
Give it time and you may get your wish. eom
Nothing unusual about having to pay $15 million in debt. Just having to do it with a 7% discount to what ever it trades at will kill it. Do they even have enough shares to pay the $15 million???? Like pouring water into a net.
Pinksheets has it and the time stamp on it is 4:08 PM. Must have let it slip by mistake.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report:
January 24, 2007
MOBILEPRO CORP.
--------------------------------------------------------------------------------
(Exact Name of Registrant as Specified in Charter)
Delaware 000-51010 87-0419571
(State of Incorporation) (Commission File Number ) (IRS Employer Identification No.)
6701 Democracy Blvd., Suite 202
Bethesda, MD 20817
--------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
(301) 315-9040
--------------------------------------------------------------------------------
(Registrant's telephone number)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2 below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
--------------------------------------------------------------------------------
Item 8.01. Other Events.
On January 24, 2007 the Registrant (“Mobilepro”) issued a total of 8,962,224 shares of its common stock to Cornell Capital Partners, LP to pay principal and interest due under the terms of two convertible debentures, one dated June 30, 2006 in the principal amount of $15,149,650, which convertible debenture was reported in our Current Report on Form 8-K filed July 7, 2006, for which the Registrant issued 6,088,969 shares of its common stock, and one dated August 28, 2006 in the principal amount of $2,300,000, which convertible debenture was reported in our Current Report on Form 8-K filed September 9, 2006, for which the Registrant issued 2,873,255 shares of its common stock. Under the terms of these convertible debentures, Mobilepro has the right to pay principal and interest due in shares of Mobilepro’s common stock , which shares shall be valued at the lower of (i) $0.275 for the June 30, 2006 Debenture and $0.174 for the August 28, 2006 Debenture or (ii) a 7% discount to the average of the two lowest daily volume weighted average prices of Mobilepro’s common stock as quoted by Bloomberg, LP for the five trading days immediately following the scheduled payment date.
--------------------------------------------------------------------------------
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
COMPANY NAME CORPORATION
By: /s/ Jay O. Wright
--------------------------------------------------------------------------------
Jay O. Wright
Chief Executive Officer
MOBILEPRO CORP.
Any rumors from anywhere? eom
Until the Dow, Nas, and S/P stop climbing this and every other pink and otcb aren't going to do much of anything without a news generated spark.
Especially since it evidently didn't come with an operators manual. eom
No sellers today. That's a good thing. lol eom
Nothing at all for us. Nothing good. Thats for sure.
No more drinky poo for you today bobky. Morning there bob.eom
Come-on SEC...step up to the plate. lol Now that is funny.
Maybe true but not many retail shareholders were ever able to sell even when the bid was at .0002. Only the prearranged sales by the MM's were.
The two guys by the still have more action going on than SMMW.
For something that is illegal why does the SEC allow a list of NSS? We know there are crooks in the market and the list proves it yet the SEC does squat. What a system.
We can't afford napkins. What do you think we are rich? lol
The cost of the value was posted by some here as $1000- $1500 per installed. With 1000 trucks you have $1 million or $1.5 million so lets say your saving $2 million over 10 years.
How many values will last 10 years and how many of the trucks will last 10 years. Besides the trucking company has to come up with the $1 to $1.5 mill first.
If it such a good value then get it on the market but that doesn't seem to be what's happening here. How many more years will it take.
However unless the government mandates it the trucking companies are not going to buy it for +.3% fuel economy.
SaVi Media Group Expands Its Domestic and International Operations
And all this for a product that isn't even being produced or have a product even approved for manufacturing. Some how I don't see the cart pulling the horse.
The market is telling us what they think of their progress and their outlook on their product as well. I'm just listening to it is all.