Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Looking for new? Here you go.
Re: CCI Shareholders August 18, 2015
Lately, I have received numerous inquiries about the status of CCI Stock (OTCB:CCOP). The most common question is why the stock has not responded to all the great news such as the valuation of Wytec, the online development of WyQuote, the continued success of the LPN-16 and most recently the powerful additions to our executive staff such as Frank Urbiti, previously with AT&T Channel Sales. As powerful as all of these milestones are, at least four more events must occur in order for CCI stock to appreciate beyond its current level.
1) First and foremost, our online “WyQuote” portal must be activated and effectively introduced to the mass number of existing master and direct telecom agents across the U.S.
2) We must complete our wholesale contracts with at least two of the major carriers in offering the Business Continuity Services (BCS) to the master and direct agents.
3) Participating master and direct agents must be trained on the BCS service utilizing the WyQuote portal and our unique marketing resources.
4) At least a 90 day history of sales utilizing WyQuote through the agents must be established allowing analysts to comfortably support our revenue growth projections.
5) CCI will contract with Signals Analytics (Randy Luening) to provide a valuation of CCI after the sales history has been established utilizing the WyQuote portal and made available to the analysts and;
6) The broker dealer market must be made aware of us through the analysts utilizing the forecast from Signals consistent with the CCI’s valuation and stock price found in the valuation report.
One actually leads into the other and we are within a few weeks of kicking off the WyQuote system and marketing our services to more than 40,000 agents. Frank Urbiti, with his vast telecom agent experience with AT&T, has already accelerated our schedule. However, he has also identified areas in our channel marketing program that would need to be completed prior to launch. We are very excited about his addition to the team as he brings valuable experience to ensuring our success. Frank also knows many of the master and direct agents personally and has already begun to reach out to them to introduce the BCS services and our unique marketing concept.
Once the WyQuote system is launched and we are able to determine more accurate metrics as to agent/sales experience, the remaining milestones listed above will have far greater predictability and allow market analysts to better support the CCI stock. Because analysts are so closely tied to the Broker Dealers, we should be able to significantly increase the Dealer support.
The WyQuote online system took thousands of programming hours to build but we feel it was the right move in order for us to separate CCI/Wytec from the rest of the pack and gain the market awareness that we need to stimulate share appreciation of CCI stock. It should be noted that not only does CCI gain enormous attention from sales generated through the master and direct agent participation but Wytec will also benefit as agent sales are a key metric in determining the “spin-off” of Wytec from CCI.
WyQuote and the telecom agents also greatly influence the development of Wytec’s Diamond Ring, the utilization of Registered Links and future distributions to the Net Profits Pool.
We are now approaching the launch of multiple events affecting many positive dynamics related to CCI and Wytec and remain very excited about our progress and confident the final results will be very successful.
Regards,
William H. Gray
Competitive Companies Inc.
President/ CEO
One last chuckle and I will be silent, CCI legal warning to investors"
"There is no assurance that the Company will be profitable, the Company may not be able to successfully develop, manage, or market its products and services, the Company may not be able to attract or retain qualified executives and technology personnel, the Company may not be able to obtain customers for its products or services or successfully compete, the Company’s products and services may become obsolete, government regulation may hinder the Company’s business, additional dilution in outstanding stock ownership may be incurred due to the issuance of more shares, warrants, and stock options and the exercise of outstanding warrants and stock options"
It's actually funny reading this report
"In April 2014, CCI granted William H. Gray options to purchase 10,000,000 shares of common stock exercisable at $0.025 per share"
"475,000 officer shares purchased at $19,285 by the company" equals $0.04/share paid to company officers
Do the math: (10,000,000 * ($0.04-$0.025))= $150,000.00
And you don't even need to sell it on the open market
It's actually funny reading this report
"In April 2014, CCI granted William H. Gray options to purchase 10,000,000 shares of common stock exercisable at $0.025 per share"
"475,000 officer shares purchased at $19,285 by the company" equals $0.04/share paid to company officers
Do the math: (10,000,000 * ($0.04-$0.025))= $150,000.00
And you don't even need to sell it on the open market
According to the 6/30/14 10-Q some people got lunch money:
"During the six month period ended June 30, 2014, the Company purchased 475,000 shares of its common stock, from officers of the Company an aggregate cost of $19,285"
I love this quote from the CCOP 6/30/14 10-Q:
"The Company has incurred continuous losses from operations, has an accumulated deficit of $13,603,322 and a working capital deficit of $2,862,627 at June 30, 2014, and has reported negative cash flows from operations in most periods over the last five years. In addition, the Company does not currently have the cash resources to meet its operating commitments for the next twelve months. The Company’s ability to continue as a going concern must be considered in light of the problems,..."
Oh wise ones, what does this mean?
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
http://ih.advfn.com/p.php?pid=nmona&article=60997414
http://ih.advfn.com/p.php?pid=nmona&article=60997441
I correct you -
and for a less cut of the "Projected"income
As I read your postings. I can purchase a “Registered Link” at $28,500.00 or lend money at 12% to be converted to $3.00 share (at some future date) in future tradable Wytec.
Correct? Which is the better deal (a “Registered Link” or loan for stock)? How much are you investing?
Would not CCOP shareholders get some of the new Wytec Stock?
I’m guessing this is why the CCOP dilution has slowed. The company has stopped selling CCOP stock options and moved to subsidiaries companies investment sales.
If I may ask, what is you break ever point. As you know, I stumbled in at about $0.01 , I'm 92% out. My freind said he started at $0.10 with a $1 to (10) CCI shares from some Midwest company. He also is way under water. But he is blest with lots of extra flotation money.
I think most are silent hoping this is a new base. Also, fearful that negative talk will start the dumping.
Follow up: From what you and other (professionals) shared with me on this blog, I would never drop a dime on the company.
I'm officially out of the penny stock arena until I have the time and desire to do real professional due diligence.
No contact with anyone. Not ever my bible study Friend. But I will call this weekend.
I use professionals to help me is areas I'm not qualified in.
But I will throwaway lunch money on a whim. If you look at the block sizes this is lunch money for 20 some people in the world.
Remember I'm here on a whim. (blessed to be on the positive side)
I'm rooting for people that have real skin in the game.
When I read the PR this morning it had a named city official quote. I googled name and his official BO with office number came up. I almost call then but needed to leave office.
Finally the silence was killing me.
I'm hoping they have a real sellable product.
If you look at the size of the trades, I'm guessing. A dozen people that read the press releases as they come off the machine and throw lunch money at the stock.
But there is a quote from a city official. Some one could call the office a ask.
170 million x $0.01/share = $1,700,000
And this is legal?
You make an excellent case. Of the approx. 200,000 shares of sometimes daily trading, out of +330,000,000 issued shares, who can afford to sell then other then the people that print the certificates.
Triple Ouch!!! I agree, you should use correct value, not original investment. I also agree with your math.. You make LakeRem point crystal clear. This defiantly would stop me from trying to sell the stock.
Ouch! $600.00 for a form letter. That's like a 6% undisclosed fee.
Based on a 8/1/13 post from Cassandra, you have every right to have the restrictive legend removed. If it were me. I would:
Email: tbagley@cci-us.com
Tina Bagley
Manager of Corporate Affairs/Operations
Competitive Companies, Inc.
19206 Huebner Rd Suite #202
San Antonio, Texas 78258
With a scanned copy of a formal signed letter - Saying you want the restriction removed from Stock Certificate # XXX. Incluse a copy of the certificate.
And CC: a friend that is also a Lawyer
If no response in a day or so, Mail the original “certified receipt requested”.
What do you have to lose?
RESOLUTION OF THE BOARD OF DIRECTORS
OF
Competitive Companies, Inc
A Nevada Corporation
APPROVE STOCK BONUS PLAN
.
WHEREAS, stock bonuses are to be paid to Corporate Officers in addition to there
regular compensation in recognition of meritorious performance on behalf of the Corporation.
WHEREAS, diligent sales efforts, meeting sales goals, effectively managing the daily operations of the Corporation, and materially improving the profits of this Corporation as evidenced by the books of the Corporation, are all to be considered in the payment of Stock Bonuses, be it
RESOLVED, that said officers should each be paid a stock bonus as calculated by the bonus plan written by Bill Gray, in addition to their regular compensation.
RESOLVED FURTHER, that the performance of each office against this plan is to be reviewed each month for possible additional stock bonuses.
RESOLVED, that this One (1) Million shares shall be paid in full ASAP!.
RESOLVED FURTHER, because we have once again missed a Columbus, Ohio expected date to go live, (September 16th, 2013) we can increase the One (1) Million shares by the following formula.
1,000,000 X Days Missed = New Stock Bonus amount
Yes, from what you and others have pointed out to me, I agree, this is a very true statement. But in the interest of all bag holders, I'm hopping for a real sellable product. What I hate is the Liars will also benefit.
No buddy is buying stock on the open market today. I'm guessing the news letter is to set the hook on a new big investor.
But just maybe, CCOP is close to having a real sellable product. Publicly stating a date for a live working system is a Hail Mary or maybe the truth. (However, let's not forget it's "weeks away" and we all know what that means in CCOP time)
A little something my friend forwarded to me, it's from a 9/9/13 shareholder email/new letter sent by Bill Gray as a group email.
Accouding to this, 9/16/12 is to be a big day.
Dear Shareholders,
In my last correspondence, I made reference to a contract CCI had most recently signed with Level 3 Communications. As significant as this event was, the real impact of the Contract entails a much further scope of Level 3’s tier one access into 500 markets within 55 countries. It enables CCI to accelerate the growth potential of reaching multiple national and international markets simultaneously and empowers the advancement of the Companies unique “Intelligent City” business model far beyond what its original vision was. It does this through Level 3’s offer to provide CCI key vantage point buildings in each of CCI’s chosen markets from which to transmit its signal.
The Level 3 contract currently identifies ten (10) U.S. markets from which to initiate our business model and begin capturing our fair share of the emerging mobile broadband marketplace. The first of these 10 markets is in Columbus, Ohio and is expected go live on September 16th, 2013. Already we have secured sufficient rooftop access to cover the bulk of the Central Business District (CBD) of Columbus , Ohio. It is within this area that CCI has successfully built three (3) previous pilot projects including a project generated from a special mandate from the Mayor to const ruct 42 high definition security cameras for the protection of its downtown citizens. The Project was so successful, that the mayor has now requested us to bid on an aggressive extension of this network utilizing our proprietary technology. We will be extending this coverage beyond the downtown CDB for both the Cities use and CCI’s commercial use in delivering its high capacity broadband services to tenants within multiple high-rise buildings and hot spot locations for mobile broadband services within the coverage area.
The original purpose of CCI’s involvement in the Columbus Project was to establish creditability for both our technology and our ability to deliver the fastest mobile broadband speed in the U.S. We accomplished this and more! As a result of the Columbus projects, Capaciti, Inc., a wholly owned subsidiary of CCI, has now established “mayoral” relationships with ten (10) other U.S. cities. Each one of these cities has tier one access availability from Level 3 giving CCI the capacity to build our Intelligent City model simultaneously within each of the 10 markets. Wylink, another wholly owned subsidiary of CCI has now sold 154 high capacity links into three of these markets representing more than $3,500,000 in total sales. Capaciti, representing our citywide fixed and mobile broadband services, is now poised to aggressively add to the Link sales with its record breaking 100+ Mbps service to commercial, municipal, and special venue markets.
If not a cry from the mountain top, I'm sure he could manage a press release.
I have no proof or personal information of anything. This blog is my sole source of information. My comment on the differed revenue was a observation ( by me - not an accountant) when I was re-reading the blog to find some of my homework assignments. Sorry
I’m no accountant, but I’m purity sure the $2,716,980 tagged as Deferred Revenues under Liabilities would be funds received by the CCOP for a promised product or service. Like money on deposit that gets converted to income once the product ships. This column is up by $2,000,000 from 6 months ago. This mean that they took in $2,000,000 in cash and recorder it as a liability not as income. If they took in the money for the sales of stock I think they could record it as income for more issues stock on the books. It will be interesting to see what happed to this on the December 2013 statement. PS: Note the cash is only up by $500,000. This means they spent $1,500,000 of the $2MM in Deferred Revenues.
This is on the resent news of iHub
The way I read this is - "they" are printing more shares for the insider club. Maybe they are planing on one more big pump before the ship goes down.
Question:
26,234,858 out of 330,142,469 is not 51%. Is 100,000 of clase D stock like supper stock that trumps Free-trade stock?
NOTICE OF ACTION TO BE TAKEN BY
THE SHAREHOLDERS
AUGUST 21, 2013
To The Shareholders of Competitive Companies, Inc.
William H. Gray, an individual and the Chief Executive Officer of Competitive Companies, Inc., a Nevada corporation (also referred to as the "Company"), Lawrence Griffith, an individual and a director of Competitive Companies, Inc., Tina Bagley, an individual, Angus Davis, an individual, and Robert Merola, an individual (collectively, the "Majority Shareholders") are entitled to vote a total of 26,234,858 shares of common stock and 100,000 shares of Series D Preferred Stock (with 51% of the votes), or approximately 57.55% of the total votes of the issued and outstanding voting stock of the Company. The Majority Shareholders intend to adopt a resolution by written consent in lieu of a meeting pursuant to the General Corporation Law of the State of Nevada in order to ratify the adoption of the 2012 Stock Incentive Plan for the directors, officers, employees and key consultants of Competitive Companies, Inc., effective October 10, 2012, as amended.
Ouch, accountability. I love it. Please give my a couple of days to turn in my homework. Say Wednesday 9:00 pm EST
That is a very thorough explanation. Thank you for your time in writing it. Wow, such fancy words to say so little.(not your explanation but the press release)
Good afternoon all you.
Comments from my mentors in my maybe new hobby. ???
http://finance.yahoo.com/news/cci-signs-tier-one-contract-110500964.html
Wow, I feel I'm in training for my first first gunfight. I am very grateful for the pre-gunfight talk. I believe i will swallow my pride and hide behind the barn while i do a little more research.
PS: Remember, I stumbled into the right side of scum and make money.
But I'm wise enough to know that luckily goes so far. Time to do my homework, hard work, and make some friends with quality honest neighbors.
I've always liked be rated "B" Westerns with actors like Clint Eastwood. And this deafly feels like the modern-day wild wild West.
I will upgrade tomorrow thanks Neighbor.
I will go and read, as you advise. Thanks for the point to a source for this information.
It was bought and sold on the open market through an investment Trading-house. I believe it was a 100,000 block, at a fixed sell price, good for months, that all sold but 20,000 shares.
So a market-maker wants to artificially raise the value of a lot of shares they have?
I know, I'll go read, give me a day or two to do my homework assignment. Again thank you.
And Scouts honor, I will not buy any shares for this company on the open market or directly from the company.
PS is it worth upgrading from the free account to a paid account for somebody that will only play in this market with maybe $10,000?
If Bill or Jerry purchased the stock, Is that illegal stock price manipulation?
LOL, I made $3.80 after the $10.00 fee for the sale of the only 1000 shares traded today! Who could possibly want to buy only a 1000 shares of my left over block of 20,000 shares at 245% above yesterdays closing? Why not purchase only 100 shares or maybe 10 share?
In going out the door. This is a lot for me to get my head around. But I will find the last report review it.
I feel guilty, I made money thanks to you and others. ( Thank you all!!!) I kept a 150,000 share so I could feel like I still belonged to the group.
But, I know I'm a lucky one. I will help sign the light on this company.