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Re: SOAR post# 213

Friday, 04/08/2005 12:32:58 PM

Friday, April 08, 2005 12:32:58 PM

Post# of 17378
Soar,

"MIKE, No reason not to believe in JAY....We all know what he did in year #1.....My geuss is that year #2 will be outstanding...He is obviously laboring under constraints in terms of what he can communicate & that's fine for us LTB&H'S..My 1mm + shares are not for sale...."

I don't have quite that many shares as you do, but one think is for sure. Now, I'm sorry that I never sold any shares at 0.28 last year, and only a few a while ago. At this price, however, I won't sell any, although it can get worse before getting better.

In general, I agree with you. With his over 15MM shares, Jay has the most to gain if this company is doing well in the near future. Plus, he is young, energetic, ambitious, and he can't afford to "blow" it. This won't look nice on his resumee.

I listened again last night the recording of the NY investors summit on March 24:

http://www.wallstreetreporter.com/mis/indexaudio.html

and, I think that before the next Q is released we might hear something about yet other acquisitions (possible a large one). 95% (?) of Davel shares have already been transfered to MOBL, so I believe that a next large acquisition (might be even larger that DAVL) is under work.

If you access it, check also Tobin. For some reason I don't trust this individual. On the bright side, however, if him and
his "tribe" is indeed accumulating right now, they will want a fast, large return. Simply put it, if they gain, we gain. In the mean time, we might still go a bit down, but I doubt it will go say below 0.13 that we had last year after the run-up.

Then, it's anyone's guess. Next Q should help, I hope. It all depends wether a not the company can post a positive EPS. Increased revenue ($24.5MM to $25MM expected) alone won't do it, IMO. Jay promissed a positive net income, and if this can't be delivered, that will hurt. On the other hand, if the Company shows a positive EPS, the market should reward it.

This is becoming a very complex company, with many possibilities (e.g., WiMAX, Wi-Fi, ZigBee, VoIP), but also many potential issues: (i) human issues (Daniel - an important player - already left, and is selling his shares); (ii) integrating all those small entities is not an easy task, (iii) how the new acquisitions are going to be paid for (most of the old ones are yet to be paid), (iv) will the Company succeed going for the Nasdaq exchange w/o R/S, or too large of a dilution, and on and on.

Regards,

Mike

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