WiFi TV Inc. (WIFT)

[camguy99]

RE-post of my Sept. 2007 post that was deleted from the iBOX:

(NOTE: the major differences since then are TWO more REVERSE SPLITS, DRAMATICALLY LOWER VOLUME, MUCH LOWER VIEWERSHIP OF THE SITE, and WORESENING FUNDAMNETALS.)



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The FACTS on the so-called GREAT STOCK

The following is not hype, not whining, not bashing just PURE FACT about a company that has taken WAY TOO MUCH MONEY FROM UNWARY INVESTORS---that's you and me!

Alex says he had the first movie run on the internet in '95. As a result he has since referred to himself as a visionary, pioneer etc. thru incessant self-grandising fluff PR's.

In the late 90's he said WTVI (a different name and symbol back then) would be the leader, future etc. of internet TV---still wondering what ever happened there.

Early 2000's he said WTVI would be a leader, future etc. of movie downloads, interactive TV and on the forefront of Spanish speaking internet TV---still waiting for that leadership as well.

Now, the last coupla years, he says WTVI is at the forefront of live TV over the net, mobileTV, social networking etc. etc.. ...HUH?

BUT, since '98, (begining of my tracking), WTVI has been in one long downward slide exasperated by reverse spilts. You can't see that downward trendline cuz on many stock chart services when a company changes their name & symbol, the chart line starts over--in effect hiding/not showing the previous chart or in WTVI's case the previous carnage.

Here's the history of name/symbol changes and reverse spilts:

WTVN 1:500 R/S 11/13/2006 (previous symbol)
WFTV 1:200 R/S 07/22/2005 (previous symbol)
KKRW 1:20 R/S 04/20/2004 (previous symbol)
KKRS 1:20 R/S 12/07/2001 (previous symbol)

(I believe Alex had 2 more prior symbols and/or name changes pre-2001 but without the reverse spilts, just can't remember the names)

Here's some more current stats:

Revenue in '06: 80k / Al's salary: 800k (10 times revenue)
Outstanding shares: 9.5 BILLION (and climbing)
Authorized shares: 30 BILLION (4/07)
Debt '06: 90 million (and climbing)
Share price high for 'O7: .076 cents (2-14-07)
Today's share price: .0002 (as I write this)

Many investors don't see some of these FACTS cuz when they check the pink sheets, WTVI hasn't updated since 4/07. HUM, I wonder why?

Oh and the best part, Alex use to have a furniture/console business (Big Tex Enterprises). He sold it approx. 7 years ago.

He incessantly promotes himself as a guru public speaker FOR HIRE on the future of the internet etc.

He's written books.

Also, he apparently has had the time to give his valued opinion as a "consultant" (per a PR earlier this yr.) for a restaurant place called SwedishVegas--where scantily clad women serve you swedish meatballs and such. How do I know this? I read the PR that has since been pulled from the net, (Hum, I wonder why?) BUT, go to:

http://www.marketwire.com/mw/release.do?id=732892&k=

read the fluff PR where headline states "..Closes First Sale..." and then in the body states

"The first Wi-FiSuperStation was sold to SwedishVegas Inc. of Florida. More details on the station and its launch will be released at a later date."

Well, that was May, 8. 2007 when the stock price was .0041 and the outstanding share count was right at 1.04 BILLION. Today, it's .0002 and 9.5 BILLION. AND we're all still waiting for the details of that so-called "first" sale.

Are you catching what I'm pitching here?

BTW, here's one of the few non-PR articles I've been able to find on WI-FITV. See, nobody really publishes info on WTVI except WTVI---ever asked yourself why? (be sure and read the "have something to say" section at the bottom of the article)

http://www.webtvwire.com/wi-fitvcom-borderline-mlm-schemes-arrogant-ceo/

Finally, the big orchestrated PUMP and DUMP in Feb. of this year that everybody talks about, you know, the one that was fuelled by the (Feb. 13th) Bill Gates fluff PR., well re-read it very carefully, it, like all the other fluff PR's IS NOT WHAT IT SEEMS! Bill Gates has NEVER said squat about WI-FITV, although, he has spoken about television on the net. Yet, the fluff PR headlines with Bill Gates' name and then in the first sentence a cleverly placed semicolon (is put between the words "recently" and "and" to make you think there is some kind of relationship between Gates and WIFI-TV: (see below)

"The Internet is set to revolutionize television within five years, due to an explosion of online video content and the merging of PCs and TV sets, Microsoft chairman Bill Gates said recently; and, Wi-Fi TV Inc. (Other OTC:WTVI.PK - News) is touting its latest Social Internet TV site...."

But, to cover himself Alex later states in the PR:

"There is no affiliation whatsoever between Wi-Fi TV Inc. and Microsoft or any other Internet..."

I'm amazed at how many people think there is some kind of relationship between the two companies.


NOW, the following IS MY editorializing:

Wow, how can one man who has his finger on the pulse of the "FUTURE of 'MobileTV'" manage to have such a disastrous track record for his stockholders? If he's a genius why can't he translate that into share price appreciation---he's had plenty of time--over 10 years. (most CEO's would have been fired 10 times over by now given his record).

You wanna play russian roulette with a 6 chamber gun that has 5 bullets in it go ahead. I did and I lost. But, I do not support Al's personal ATM anymore.


The FACTS ARE the REALITY!