ERF Wireless, Inc. (ERFB)

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Why the EB dividend? Does anyone have a theory? They could have done an IPO or PP without a stock dividend first.

My theory on the dividend comes full circle to the "$5/share" and "getting listed" theory. Now continuing on the same thought process, if you want to get listed, you need to have a certain number of share holders, depending on what exchange you join. The dividend announced the other day will give EB enough S/Hs to join any of them. EB couldn't just do a Reg D and get listed, they need to have the minimum number of S/Hs. On Sept. 30, EB will have plenty of S/Hs, but will it have the funding. Or have they already got that part figured out?

This puzzle doesn't have a clear picture yet but we are getting some of the edge pieces put together.

How much of the company will ERF retain?

How much money do they need to kick start the EB cash cow?

Will EB pay expenses to ERF for tower leases, MSAs, construction costs, monitoring fees, etc to fund ERF's push into the next major vertical market?

New money... where would you put it now? Buy into ERF or buy the new stock when it gets listed? My hope is that ERF has some northerly movement pre and post EB split. We will just have to trust DC to play his cards in the right order here.

We know they have a plan but can they pull it off?

Does anyone else feel that this plan might be a whole lot better than a RS?

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