02 Secure Wireless, Inc. (OTOW)

[The Law (f/k/a emz)]

Spectre- if one reads the release in a negative way, your points are well taken- one can also read it this way (and we'll see who is right eventually, LOL):

1) "Filing" is already in the works- note that you don't need 'approval" for bonds- you need an underwrter (which they must already have) and you need the bonds to be rated- which they are working on- this can close in 30-60 days IMO if they were starting from scratch today (my guess is that they are well beyond "scratch" as a starting point)

2) A completely false asumption- The bond financing can (and IMO will) go hand in hand with additional/different financing- as mentioned- Bond financing is genreally not secured by "hard assets" (although it can be, to a certain extent)- we can close on the bonds (which means they get sold) and other asset-based secured inancing together or one after the other- in fact, closing on the bond financing will, in all liklihood, be the "trigger" for closing on the other financing, whatever that may be-

All IMO of course- we'll know more after lunch when the traders come back- peace and good luck to all