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all newbies - easy 10 bagger here
Didn't he keep saying .02 to .025 was his entry point? What a joke.
yeah you're a genius. LOL
Sloth - if they have clients "in progress" then they could at least let us know that they have signed them and are working on RTO's. As far as we know this "pipeline" we keep hearing about is empty. No PR, no 8-K, no nothing about new clients. So until then, we can only assume there aren't any. Hate to say it, but that's the fact.
I agree oilman. They are not about to go under. Not that management will begin to demonstrate competence or show any concern for their lowly shareholders, but there is definitely strong growth potential in this company.
I laughed, I cried, I hurled...
I don't think there will be any buying until we see a catalyst - no matter how undervalued we are. How about these possibilities?
profits - no
increased revs - no
pay off debt - no (unless we get rid of the only growth sectors)
no more dilution - no
Jay has built a house of cards that is tumbling as we speak. Just wish I had seen this pitiful performance coming six months ago. We are screwed.
I bet shareholders even get screwed in the Kite IPO. I have totally lost faith in Jay.
OK. Since I've been wrong about every other post I've ever written on MOBL, hope I'm wrong again.
Virtually no mgmt discussion of any of the business units in the 10Q. No PR. Nothing. What and why are they hiding? Fking amateur hour in terms of running a business. Pros at stealing our money.
BG - my reading of the 10Q was the MCF got options for .0008 but not that they had exercised any. You may be right, though. If so, that is a good thing. The silence is ridiculous. Don't you think a responsible co. would try to explain why they swung from a nice profit to a huge loss? Don't you think they would give s/h a roadmap for where they're headed? This is completely absurd.
My problem with the Kite IPO:
Once kite is gone, MOBL has nothing of value left, so who cares if they have no debt, they also have no growth potential. In that case, the stock would still be a dog. The only way shareholders get anything out of this is if we get shares in Kite based on our current holding in MOBL. That's the way I see it.
Did Jay mention whether current shareholders will get any shares in a Kite IPO?
Anyone else having trouble with the CC broadcast? Agh.
I agree it was BS about the "missing form". But they still didn't need shareholder approval for the r/s. The preferred shares gave them the majority anyway.
If they hit us with a few positive PRs and the bid/ask tighten up a bit we could be off and running. I played FSIN last year when its share structure was like this and made a nice little profit. We should really move on good news now. Only downside is dumping or dilution and I just don't see it happening right now. Of course, without news we won't be moving at all.
Ask was never at .0003
.0004 was lowest
Good point.
Ask down to .15 - now we'll see some action!! LOL
I show price of .08, bid/ask .05/.25. TDA has not reflected the signal change in my account yet either.
When are we getting off the pinks??? Smart management would've done the r/s and board move at the same time.
We need some positive news ASAP or things will get much uglier before they get better IMO. I guess we'll know pretty soon how the Bickels are going to act. GLTA.
Coasti- I wouldn't expect a report from the audit committee's internal review until we see what the SEC says. Probably will release at the same time. Don't see any reason to put something out there that the SEC may come out and contradict. I do know one thing, this has dragged on too long.
I agree that AFN adding new customers will help and that programes should give us some new revenue with what I assume is very low cost. But is wifi growing? 63K in the quarter, 190K for the 9 months. Looks static to me. At this rate, it's going to be a long hard slog to reach any kind of profitability. And unless they can sell off some of the dying assets and find some money that doesn't dilute us to death, it ain't looking good overall. God, I really want to believe we are turning the corner here, but I just don't see it. Yes, we are undervalued in terms of mkt cap to revenue, but revenue is shrinking. That scares off most investors and funders. Until that is fixed, not sure how we move up. And Jay can promise the moon in the CC, but he hasn't kept any of his promises for a while.
I think they released the 10-Q after hours on Friday because it is a total disaster. I don't see how MOBL gets out of this mess without an angel investor of some kind. Most of the biz units are in significant decline and the muni wireless is generating virtually nothing in revenue.
As far as profitability, I had thought it would be a winner. Obviously other companies do as well, since they are also bidding on these contracts. But think about it: are you going to pay $20 a month for service you can only get on the street - and which you can get free in many locations? IMO they need to work with Cox to add "outdoor internet" to a bundle that includes the DSL most people already have. Maybe $10 a month extra to be able to go mobile.
I don't know, I just don't see how they get out of this hole and generate economies of scale for the wifi services to pay for themselves. My big fear is an r/s and more dilution. Probably going to happen without big money from somewhere. Just being realistic IMO. This totally sucks.
Well, I had been saying that the company was worth a half cent, which would equal .75 post-split. But I think several things would have to happen - starting with a move back to OTCBB and then the things you mention - and no screw ups. The stock certainly would take off on news much better with only 16 mill shares in the public's hands. In fact, I can definitely see a scenario where they actually do the right things and pump this baby up to that point. If I were running the PR machine, that is. But based on past experience, maybe I'm just too jaded to actually believe that would happen. You know, fool me once...But I guess I'll wait and see. I've got no reason to cash out now. Good luck to us all.
Oilman, I like your thinking, but it applies logic and assumes rational choices. And my experience with this company is the opposite. Plus, a $20 mill market cap would mean a post-split share price of 71 cents. Not too likely near term - if ever. But we can all still dream I suppose.
Apparently muni wireless is not going to be profitable. In that case, MOBL is done. And so are we.
63K revenue for Tempe this Q. Pitiful. I'm going to kill myself.
We're toast. EOM
It all boils down to this: is management now going to dump their 12 million "magic" shares for whatever cash they can get, or are they now invested in the company and ready to start delivering shareholder value? If we see any insider sales, we'll know the answer. If so, all shareholders just got their money stolen. The one good thing is it's now in nobody's interest to dilute the shares. As I said, what the insiders do with their shares is all that matters now. Based on my experience with SEIH, I am not optimistic.
Assuming we are all screwed, I just wonder how many times the Bickels have pulled these scams with their various companies? Makes you want to go out and start a bunch of worthless companies yourself and use a bunch of gullible investors as an ATM. (If you were a liar and a thief, of course).
I like BG's "rose colored glasses" scenario. As I said, it would make more sense - ie, be more profitable - for the Bickels to effectuate the r/s, obtain a whopping share of common stock, and then pump the bejesus out of it. With 30mill shares out, it would certainly move quicker than with 2 billion out. Also, anyone who enters after the r/s (again, the Bickels) wouldn't care that we just got completely shafted. Like I said, nice work if you can get it. Either way they win. At least under this scenario we have a chance to make some money. But I ain't holding my breath.
BG - I'm pretty certain the preferred shares were created by management and awarded to themselves at no cost. Seems to me you are correct that they would eventually make more money by having shares and seeing the PPS go up. But I don't really know if that's how they operate anymore. I think they just create a bunch of companies and use the shareholders as ATM's, continually generating a bunch of paper profits by duping investors. I hope I'm wrong. But look at it this way. 12million shares (soon to be common). We open at .03 after the R/S. They dump. A $360,000 profit for doing nothing but moving paper around, creating no real value for the company or shareholders. Nice work if you can get it.
Yeah, they'll own 40% of the company for about 5 days - as long as it takes them to dump it. Criminals. Pure and simple.
This might have made sense if it was in conjunction with moving back to the OTCBB. But if you're on the pinks, there's not going to be any difference in investor "interest" if you're at .05 or .0005. And yes, chances are they will dilute the crap out of us now. This might be tolerable if they were signing clients, bringing in big revenue, and acquiring profitable companies, but they haven't announced anything good in so long they could've folded up shop for all we know. Pathetic.
jmalroy - I agree with you. But I ran out of cash to pump into this a long time ago and it keeps going down. If you would have told me a year ago that we would be at .05 I'd have bet everything I had against that prediction. In fact, I did. So far I'm losing badly. Still, there's no question we are oversold here. Book value is several times higher than current PPS. Got to think a turnaround is on the way at some point. Conference call and Q results are eagerly anticipated.
Thanks BG. Good luck.
Hey BG - you were the one floating the rumor of news early this week, not the company, so I don't see how you can be disappointed and ready to sell. Did Andrew tell you verbatim that there will be news on Tuesday? If not, I don't see what the issue is. Having said that, I'm also very frustrated that management is not delivering anything and I understand your change of heart. But when you float a rumor and then say you are selling when the rumor you floated doesn't pan out, it sounds a bit suspicious. GLTU.
Yes there are a lot of issues weighing on GTEM, but this is bizarre. Biggest news this company has had in years, and we're up a penny on modest volume? Unbelieveable.
Looks like we're seeing higher lows and lower highs since the little pop in Dec. Trading range is tightening. Just a matter of whether it breaks to the upside or downside. I'm still betting we see another pop up pretty soon. JMHO.
Hey yoohoo, do you own any SEIH? If not, why are you wasting our time and yours with your posts? If so, I hope you'll reach your target number of shares soon so you can stop bashing and start pumping.
Thanks for the info BG. Glad someone wants to talk about SEIH. Hope you are right.
When did this become the FCCN board? Moderator?