ERF Wireless, Inc. (ERFB)

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I think I count as a long term investor...LOL

I have wrestled with the idea of a new company since it came out...why? why? why?

I can understand the need for more money... cash can buy trailers and ERF doesn't appear to be over the CFP hump just yet... so cash is needed to put more MBTs in the fields.

So why the spin-off company? All I have come up with is the new company brings the opportunity to bring in new leadership. DC has (probably) lost his credibility with new investors... so if a new face is running EBI, maybe they can raise some new money. Nagel is CEO right now... is he the kind of guy to raise some money and get the job done. No doubt DC will be on the BOD, but someone else needs to run the day to day operations of EBI.

A new public company can also set itself up for a $5/share price point which would get it "listed"... is that the goal or a side benefit to this move?

What would really make me feel better is hearing more about what ERF does on its own to become CFP without EBI revenues???? If there is a line of banks or EDUs coming, great! ... how does ERF get enough cash to move forward and develop these other vertical markets?

The front office needs to fill in a whole bunch of blanks.

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