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"ALOT OF INVESTORS PAID MUCH HIGHER PRICES AND STILL BELIEVE THIS WILL GO ALOT HIGHER THEN 15 20 CENTS== WE ARE TALKING IN DOLLAR RANGES"
I haven't seen "ALOT" of posts believing dollar range results with ONFI. Are you saying "ALOT" to create a sense of consensus that dollar range is expected by many? Do you represent a group of ONFI investors?
gte_gold
To lazy to post chart, but an ascending channel can be seen in the 4 month period of 10-27-08 to 2-09-09 as an example. No channel had formed between that time and the beginning of the steady climb in May.
GLTY
gte_gold
Blackjack1, wasn't able to confirm cause of reduced pipeline transport after brief research. Disappointing that the cause was missing from the PR.
Thanks for your opinions. Have been enjoying the predictability of the channels for some time now.
GLTY
gte_gold
Has anyone heard if the disruption is due to a Ecopetrol pipeline labor dispute?
Thanks
After hours don't exist for ONFI. What you are referring to are transactions that occurred during normal hours, but are recorded after the end of session (often seen as "T" transactions on the Time & Sale window). These updates are common. It's neither a good sign or a bad sign.
Unfortunately, the resistance is better defined on the chart than the support level. While there is blue sky above, there is also room below. Chart shape is not yet ready to project much.
I was around during that time and never read any DD confirming anything but Villa Park, which has been terminated by the city council.
Saw some pictures of a rats nest of wires in a small closet claimed to be in Nevada, but would hardly pass in my book as confirmation.
Buena Park claimed installation was only documented in a PR. I don't consider PRs as confirmation with pink companies LOL.
TX installation with Nobletts brother-in-law is the same story, only documented in a PR.
Agree that there that possibility...and most definitely agree more details are needed in these PRs.
License agreement was canceled in Villa Park, CA. Not verified by myself is Buena Park, and Texas... and I may never verify installations at those two locations...but I wouldn't go as far to say they don't exist without knowing for sure.
What a trading day today! Trading seven times the published float.
Another PR released 06-10-09. This one announcing Third Quarter Revenue “projections” of $20,000,000. As with previous news releases, no details is offered to explain these projections or any confirmation of captured contracts by the company for shareholders to reasonable expect any revenue. This latest PR mostly revisits what has been made public... Navajo Nation, The Stimulus package for broadband, and Saudi Arabia contacts. Unfortunately, no new information is provided on any of these topics. It's another carefully crafted and vague PR from the company. I expect straight-up and honest information describing what OneFi has as “firm” business. I don't enjoy performing a sentence by sentence analysis and in the end, having only one of many possible interpretations of the vague PR.
OneFi Technology, Inc. Announces Third Quarter Revenue Projections of $20,000,000
gte_gold
Make that 4,150,825 for today's volume.
So much for having any guess what the true float value is. Volume today so far is 3,080,825
This exceeds the float number last reported by the company by 97,350 shares.
gte_gold
Short interest posted on pinksheets.com.
pinksheets ONFI information
click on "Short Interest" tab
gte_gold
Cotton, Can you provide a neighborhood location where OneFi "Holy Grail" communications can be found?
Pizza, Who did you hear the information from? What group are you referring to? What was the group's involvement?
Where did the group get all those shares to dump? The recent volume dumping resulting in reduced price has far exceeded the shares traded before the dump.
"I HEARED THERE WAS HUGE GROUP INVOLVED..." This is vague and unreliable without a means to verify. I Can't tell you haw many times I've heard this "I know a guy who knows a guy" story that turns into an unhappy ending.
gte_gold
Mega, Post split value is calculated as follows
.0002(value before split) X 1428.57 = approx. 0.28, Not 0.07.
A 90% drop in price since the reverse split.
Hey Pizza, Have any OneFi DD to share with the board today?
Been researching OneFi for many months waiting any verifiable deliveries or sales. Deployment announcements by OneFi in several PR with absolutely no follow-up describing any income from these activities.
I've found one deployment that was verified. The city of Villa Park allowed OneFi to install equipment to service the city hall and nearby business. Unfortunately the service was disconnected within a couple months. The City voted to terminate the license due to lack of performance recommendation by city staff. Unfortunately, this is the only verified deployment by my research.
I found it interesting that Grey Pierson is the Brother-in-Law of Chet Noblett.
Would be nice to have verifiable news. All we know for certain is the Eastland TX deal involved Chet's Brother-in-law, Villa Park deal was terminated by Villa Park for lack of performance, and the Director of the Navajo Nation Information Technology replied to my email saying they have no business agreement with OneFi. Yes, verifiable information would be great.
The company has reported $0.00 in sales so far. How can you have a foot hold without any sales??
The 1.47 Million number you were told was exceeded by the volume today only by almost 500 thousand shares. That certainly does not seem right for a float value by my reasoning. The IBOX posts the float as 2,983,475, because this is the most recent number provided in the company filing. With the high volume seen the past 5 days, I suspect the 2,983,475 number may be wrong. I can't say for certain...but the volume numbers tell me that the reported float value is suspicious.
gte_gold
OneFi last 5 day aggregate volume exceed the Float (2,983,475 company filing float value) by over 30%. IMO, the company may not be reporting the float correctly (again).
gte_gold
Pizza, have not seen any links to back your statements. Are you getting your information from anywhere?
I'll break it down for you.
OneFi is seeking its part of the 6.5B dollar stimulus package money.STOP
The only place stimulus money is allocated by congress for broadband is through BTOP and RUS.STOP
If OneFi is to get a part of the stimulus package money allocated for broadband, they will have to file a grant application with BTOP STOP
If OneFi does not apply for the grant, they will not get the MONEYSTOP
Applications for grants begin in June STOP
Grants will not be awarded until Q4 2009 STOP
Don't know how I can make this any more clear.
You are confusing and misstating two posts I have made.
I posted an email reply that the Navajo Department of IT did not have any involvement with a company called OneFi Technology.
I also posted information about BTOP. I never said they were not getting money from BTOP, I posted information about when applications were being accepted and when grants would be awarded. These Grants will not be awarded before Q4 2009 at the earliest for those receiving the grants.
gte_gold
What earmark program specifically are you referring to? Who proposed this earmark. Show me a link. Enlighten me to an earmark valued at $6.5 Billion that is not part of BTOP.
"Enough with the BTOP Where is it that you heard that Onefi is getting monies through them"
The BTOP IS the only stimulus money allocated by Congress for broadband development in the "Stimulus Package". It's value is $4.7 Billion alone. This is what the OneFi PR was talking about!
OneFi released a PR essentially saying they are seeking "It's share" of the $6.5 Billion stimulus. The only two programs that add to this amount of funding is,BTOP ($4.7B) and the Rural Utilities Service (RUS)($2.5B). These agencies are coordinating efforts and will begin accepting applications in June and will award grants beginning in Q4 2009 thru 2010. They make up the $7+ Billion dollars for Broadband. This is all there is from the Recovery and Reinvestment "Stimulus" package.
Here is the report filed May 18: Broadband Technology Opportunities Program (BTOP)
Quarterly Program Status Report
Are you saying that OneFi is getting money from somewhere else? OneFi has only Released information about wanting part of the Stimulus money. This money will not be available until Q4 2009 at the earliest. Please provide a link to back your statement.
Yes, I saw that news... More FLUFF providing absolutely no specifics how this will help OneFi.
From the PR: Dr. Al-Malik is also the Chairman of Halease International Development & Industry Company, which is a major cement company in the Middle East and works closely with the Royal Prince Kalhid Bin Saad Al Saud.
Middle east contacts? Cement company? Not sure how this will help SLJB...., Ooops, I mean ONFI.
"Dr. Fahad Al-Malik is more than a friend; he is someone whom I respect and trust"
Makes one wonder about Chet's friends. LOL
gte_gold
Are you referring to the group that holds a convertible note? Do you think they have started conversion and selling now?
gte_gold
OneFi has been moved into the pinksheets "LIMITED INFORMATION" tier from the "CURRENT INFORMATION" tier. I only today noticed the change. Wondering if the recent filings by OneFi may be in response to the tier change in hopes to reclaim the previous tier.
gte_gold
Authorized Shares and Float values conflict among the different sources listing these numbers as of 5/29/09. Wherever a conflict exists, the value from the most recent filing is used in the IBOX.
OneFi released an "Initial Company Information and Disclosure Statement" on May 28 2009 for period ending March 31 2009. Share structure for period ending March 31 09 is disclosed in that statement below (cut & Paste)
(i) Period end date; 3-31-08 (should be 3-31-09 gte_gold)
(ii) Number of shares authori9ed; 2,500,000,000
(iii) Number of shares outstanding; 84,265,485
(iv) Freely tradable shares (public float); 2,983,475
Share structure information conflict between the sources below:
AUTHORIZED SHARES:
Nevada Secretary of State = 2 billion May 12 filing
Pinksheets.com (company info tab) 2.5 billion April 10 2009
Pinksheets.com (Initial Company Information and Disclosure Statement) 2.5 billion March 31 2009.
FLOAT:
Pinksheets.com (company info tab) 1,471,000 April 10 2009
Pinksheets.com (Initial Company Information and Disclosure Statement) 2,983,475 March 31 2009.
The disclosure statement released to pinksheets.com for period ending March 31 2009 discloses a Float of 2,983,475. This is an increase from the 1,471,000 referenced on pinksheet.com "company info" tab. The Float amount from the filing will be used in the IBOX.
The most recent number for Authorized shares is 2 billion as filed with the Nevada Secretary of state on May 12 2009. This number will be used in the IBOX.
OUTSTANDING SHARES
There are no conflicts among sources for Outstanding Shares. The 84,265,485 will be displayed in the IBOX.
gte_gold
Very true. We already know of a $50,000 convertible note that eligible for immediate conversion. This is documented on pinksheets.com
gte_gold
If the volume sold today were purchased before the split, The value of those shares would be valued at $169,497 (1,186,955 X 1428 X .0001). I don't know anyone who held 1,694,971,740 shares during that time, do you?
876,000 total shares traded from March 10 through May 26. The one day volume for May 27 alone exceeded the cumulative total of all shares traded between March 10 and May 26. IMO, an increase to the Float has occurred but has not been revealed yet by the company.
OneFi filed an amendment with Nevada SOS 5-12-2009 and is just now displayed on the SOS website. Looks as if the Authorized shares is now 2,000,000,000
gte_gold
Megafauna, If you are referring to the Alabama Cease and Desist Order naming Chet Noblett, A Vacate Order removes Chet Noblett and Skyframes. You can find the link to the Vacate Order in my earlier post. #msg-37883389
gte_gold
I'm more interested in hearing why you believe OneFi will be in the toilet, rather than just making that statement.
With OneFi "seeking it's share of the Federal Government's Stimulus Package". I've included a link to the Broadband Technology Opportunities Program (BTOP) Quarterly Program Status Report May 18, 2009.
The National Telecommunications and Information Administration (NTIA) provides this quarterly report on the status of the Broadband Technology Opportunities Program (BTOP) established under the American Recovery and Reinvestment Act.
highlights:
BEGIN ACCEPTING GRANT APPLICATIONS July 2009
INITIAL GRANT AWARDS Fourth Quarter 2009
COMPLETION OF GRANT AWARDS September 30, 2010
NEXT REPORT BY AUGUST 17, 2009
Additional links:
NTIA BTOP broadband grant webpage
National Telecommunications and Information Administration webpage
gte_gold