When I started following the concept of 800 mhz being made available to mom-and-pop investors, my experience went like this:
- 9/11 emergency services issues and review
- Sprint found to be squatting on spectrum
- FCC defrag of 800 mhz proposed
- spectrum to be made available to small investors
- pure speculation on how to acquire based on theory
- FCC wins against Sprint
- TA assigned and given arduous task to "clear" spectrum over 12 year period
- unknown company (SmartComm) becomes FCC authorized spectrum coordinator
- SmartComm sells story and garners interest from small investors
- SmartComm applies for as many licenses as possible following the rules.
- FCC grants licenses
- SmartComm founder passes away.
- SmartComm closes shop because their job is done (FCC applications)
- M2M affiliate formed to apply for more licenses on behalf of small investors.
- M2M Networks formed to build out and supply construction and testing services to "prove" spectrum on behalf of spectrum owners so the FCC grants final approval to commercialize each frequency.
- M2M creates LLC to pool license owners into single lease so they can monetize the spectrum as a whole.
- mom-and-pop license holders join lease program.
- high powered CEO joins company with mega experience in cellular and services provider. First cellular company to go public with $8B IPO, and later built a $35B ISP conglomerate in Europe.
- M2M merger with Solbright, a company with verticles in solar, commercial solutions, and platform, but missing the connectivity piece.
- merger completes
- warrant holders incentives to convert so raise funds for company.
- warrant holders convert and funds are raised.
- FCC announces new interleave spectrum
- FCC announces applications will be accepted for new geographies after a 5 year wait.
- company submits applications for remaining spectrum on behalf of investors.
- company re-org and consolidation to focus business divisions.
- CEO resigns to become chairman. CFO resigns to become CEO and vice chairman.
- many leadership positions announced as executive team is formed.
- LP formed with speculation as to "why"
- IOTA works with FCC to explain their story and why the FCC should continue to issues licenses to IOTA and small mom-and-pop investors.
- IOTA developing own purpose-built network using the 800 mhz spectrum designed for specific IoT scenarios, building out platform, building out analytics, integrating with building systems, developing own protocols, etc.
- FCC resumes issuing licenses
- company states in filing how majority of debt will be eliminated from financials in coming quarters.
- Major markets in NYC, Chicago and Boston are awarded.
I think I can wait to see where this goes.
my basis is $0.53, we have 1 of 3 licenses granted to the family, and long term things are picking up speed, but short term its like watching paint dry :)
