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Yes, chart looks great, but...
Although the well is primed with excellent setup and technicals, someone needs to start pumping the volume up hard without stopping for a while. I don't expect this to happen until BWDT gets back on OTCBB and releases some good news on income and additional acquisitions. If they can show the AT&T contract is going to pay off, then the solid techincals and small float should take Blue Wireless well over $1 before this time next year. Hope they can get started soon and keep a good growth plan on schedule.
That's the short view in my opinion. For the bigger picture, consult Deut. 8... confirmed advice from the top.
About OCRI owning 35% of BWDT, I believe that report is dated before the number of shares was increased from 200M to 500M and before the 1 for 50 reverse split. That means they might own 2/5 of 1/50 of 35% (= about .25 of one percent). It is also likely that Ocean Resources has disposed of shares for loss. It's not easy to get up to date info since blue has been pink. We should see more info and action when BWDT is restored to OTCBB status. It certainly appears that someone knows something, but nobody's talking, except with purchase orders.
Looking for news? Quarterly financial report due November 15. I believe there is a week grace period. Will Blue meet deadline this time?
Kit is no longer CEO. He is still on board, but Scott Sewell is current CEO.
kp2005- Where do you get your level 2 info? The level 2 service I use only reports bid/ask sizes up to 50,000 shares, and reports only a single bid or ask order from each exchange that is closest to last sale. I've put 1M shares on ask just .002 above last sale that doesn't even get listed on my level 2 service if the exchangee I use (NITE) has an ask price listed that is .001 above last sale.
Chucker- LOL - EOM.
Chucker, your illiteracy is not the problem. BWDI.tv website was down a short time today. Try it again. You might find same encoded message on this site: http://www.newgrounds.com/portal/view/215063 . Just click on "watch this movie" and then "play" on pop-up window. Previous URL also seems to be working again now- http://www.bwdi.tk/ (click on "cartoon" and then "episode 4" and then "play". No need to worry about being illiterate since message is also presented in audio. I believe you will understand the secret message encoded there with some additional DD.
BWDI secret found to recent increase. BWDI has faced several huge trials and hurdles successfully. It is finally being rewarded. For details, go to http://www.bwdi.tk Click on "cartoon" and play "episode 4". Message is encoded so only BWDI insiders may understand exactly what has happened. There is much more to BWDI than we have been led to believe.
Not bad to see management changes you mentioned, Laker.
From 14A filed by BWDI on 5/19:
" The Board held 12 meetings during the fiscal year ended September 30, 2004. Mr. John Diebold and Mr. William Slay attended fewer than 75% of the meetings. Board members are expected to attend annual and special meetings of stockholders. The Board held 12 meetings during the fiscal year ended September 30, 2004. Mr. John Diebold and Mr. William Slay attended fewer than 75% of the meetings."
Looks like positions are open now for more active directors who will be able to contribute more focused interest, skills and connections specific to the company's new direction.
Maybe reports will be fantastic and this is just the company's way of buying back cheap shares so they don't have to issue more. lol
what is bk? eom
My Comcast cable internet is down too, haha
The realistic hope for this company IMHO is the long run. I don't expect this quarterly report to be great because of costs related to acquisitions and the fact that income from major acquisition (Panaband) will not appear until next quarter. Even smaller acquisitions will not show full quarterly income until August of this year. Several quarters of rapidly increasing revenue along with paying off indebtedness and raising additional capital should make any position you hold in BWDI today a good place to be a year from now. Patience will be a virtue needed for profit here. Sound business plan, income producing assets and strong leadership make it worth the wait, bumps and all.
Correction: www.bluewirelessdata.com EOM
Check out new website at www.bluewireless.com that came online this week. Still in development stage, it has good format for residential customers and investors, with potential space for business customers.
The report in last news release about supplying wireless T1 lines to businesses in interesting. I wonder how close that is to taking off and what profit potential is there.
You're right, Game, to wait before cheering just yet. The same MMs who have been pushing ask price down recently did the same thing at day end today. I suspect they want to keep price down and buy up all they can under .01 until solid good news arrives and volume picks up.
Want to know where BWDI is going? Take a look at the performance chart and recent news of this company similar to BWDI: Also a recent wireless startup with history in other interests, PMHJ is about the size of BWDI, beginning to reach 2M annual revenue with consistant increase in quarterly income from wireless ventures (Target Communications).
This is the same growth pattern of Blue Wireless. Note the PMHJ decline during 2005 until it was noticed. As soon as volume picked up, stock price rose from .0006 to .026 in a few days. I expect to see the same news reports (and same PPS increase) coming from BWDI in future months. As soon as income reports and news of financing comes in, BWDI will take off. Financing should not be difficult in light of revenue reports. Hopefully, that will happen before interest rates increase again.
I wouldn't buy PMHJ because it is a pinksheet company with low volume and not enough public info to do DD. It is too easily pumped and forgotten. BWDI is more visible and has leadership that plans to keep it that way.
Fundamentals don't evaporate overnight and will eventually be noticed. If you have a position in BWDI, cheer up and hold on.
http://finance.yahoo.com/q/bc?s=PMHJ.PK&t=3m&l=on&z=m&q=l&c=
http://finance.yahoo.com/q/h?s=PMHJ.PK
This is a day to think long term about Blue Wireless and Data, stju1970. According to your purchase, you are looking at a 53.3% or $2500 loss on paper today. But in the long term, we will be looking at today in hindsight and see a $.006 loss in a couple of weeks for a stock that should be trading at .05 - .10 by the end of this year or mid 2006. Then the stock could be moving .01 - .04 per week. From that perspective, your .0063 fluxuation as we are seeing now will be insignificant, even though it seems like a great loss today. At that point, we will be thrilled to have gotten in at .006 or .01 or .025. This is not a time for day (or week) trading. Let's see what 3rd and 4th quarter of this year bring, with full revenue from recent acquisiton and possibility of VoIP income. The fact that things are starting to bounce off .007 PPS shows that there is something tangible in this company. It is not just an idea company. It is collecting subscriber fees every day that will shortly outweigh operating expenses. Low volume shows we are not flooded any longer with a flood of fear and sellers. Whenever we see volume pick up recently, prices go up not down. Income reports during the next year will bring the buyers.
yes, I look for the same upturn with BWDI that MOBL is now seeing. The bow is drawn back almost as far as possible. Look out when the arrow flies.
Your recent sale, along with others, IMHO, is exactly what the MMs are seeking. By pushing prices down, they are able to buy up float at low pps before earnings are reported this summer or end of year. When looking at which MMs are buying and selling, I see no other explanation. True, it takes balls of steel to watch, and there is no assurance of brighter days to come, but I see NO visible reason in the real world for the current spiral except manipulation and fear. It's working and the only good thing about it is an opportunity for those who know enough dig in and ride things to the top. The current market cap at .007 is $1.4M, less than the price paid for Panaband alone. Think again before taking your losses now.
VOIP issues.... Does anyone know why Blue Wireless has "acquired Globalcon", "entered service agreement with Red Gap" and is now doing a partnership with ILKG", all in order to offer VOIP? Does the new partnership mean that the other relationships are not working, or do they work together? What expenses were involved in previous contracts? Are they still valid or needed? What are the issues with getting VOIP going?
The good thing about a partnership with ILKG should be reduced operating expenses and headaches- kind of free income, even though it will be split with ILKG. And hopefully, ILKG will be able to service accounts with expertise that will develop a good reputation for Blue Wireless better than Blue Wireless starting up in a new service area.
Please post if you hear from BWDI IR, or ask if BWDI IR can post responses to some issues raised on this board. I'm holding on for 2nd and 3rd quarter reports. These should be convincing to any doubters. I'd love to pick up more BWDI today.