For the record, I do own stock in OTOW and I would like to see it appreciate substantially sooner rather than later. However, at this point, this company is still a one-man operation and there's only so much a person can do.
Random excerpts from Jan's compilation:
Wednesday 07/07/2010 @ 8:30AM
"Our objective is to acquire 10% of this market within 3 years".
Since it's been almost a year since this PR, I suppose OTOW now has only 2 years left to capture 10% of the DR market.
Mr. Kazia continued: "Our initial goal is to build the infrastructure to provide service to five smaller rural cities. Our subsequent target is to be on air in the first city by February of 2011, with the other 4 cities coming on-line shortly thereafter".
Four months after that target date we're not even close to starting erecting towers, let alone be on air.
Monday 08/23/2010 @ 9:45AM
OTOW enters into agreement to acquire fifty percent of a well established Financial Institution in the Dominican Republic.
Earthcom Service Inc. has signed an agreement to acquire 50% equity interest in a 30-year-old Dominican Republic Financial Institution, and is scheduled to close early September 2010.
Did this ever materialize?
Wednesday 08/25/2010 @ 10:15AM
OTOW retains Vertical USA, LLC, to provide master build-to-suit services in the Dominican Republic.
OTOW has entered into a Master Build-To-Suit Services and License Agreement with highly acclaimed Vertical International S.A., a subsidiary of Vertical USA, LLC, a tower building company, to provide the construction of the wireless tower facilities pertaining to the wireless project being launched in the Dominican Republic.
The project is slated to build 450 towers over the next 5 years, saving the Company a substantial amount of capital over having towers built incrementally.
Again, that would now mean 450 towers in the next 4 years. That is, if they start building now; otherwise we might get into 450 in 3 years and so on...
So, although it's always good to be optimistic and I believe OTOW will do well in the long term, some of the posts on this board are more akin to wishful thinking than based on real business hard facts.
