02 Secure Wireless, Inc. (OTOW)

[3respalm]

This is my take on the news ;

positioned itself to qualify for submittal of a bond offering in the Dominican Republic.

Comparing Bonds to my industry : The client requests Bonds to secure
the project at hand . Where as the company providing service must assure the client through a bond that the project will be completed.


In the above statement O2 is submitting the Bond offering to the Dominican Republic. As if the client " Dominican Republic " has requested it .

In my experience bonds are secured by hard assets , Not assumable assets. IMO something is in place to even submit a Bond .

The company expects to file the documentation for a $25 million bond offering.

EXPECTS is the term used IMO , That we may not quite be there yet , But expect to. Still a " What If " deal IMO ...


I still choose to hold my position and wait , However , I will wait for the " Beef " before I add to my position.


All IMO of coarse ,

3res