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Saturday, January 18, 2014 11:23:32 PM
LUDVIK HOLDINGS INC. WNTR DD COMPLETE RUNDOWN
Updated and corrected version:
Here is my DD, and Why I think this stock is bound for a run to .50 cents or more. Lets start from the beginning. Read all, but pay attention to the bold pieces and underlined text. This is me following the assets and history of Frank Kristan by looking through all the SEC filings I could find, and also piecing together information I gathered from my own digging, and conversations/emails with Frank Kristan.
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Frank Kristan BIO:
Frank Kristan, Vice President of Business Development Frank is the President of Ludvik Holdings, Inc., a Delaware company specializing in venture capital, asset management and advisory services. He was the President and CEO of Patriot Advisors, Inc. which provides investment advisory services to investment funds, corporations and individuals. Patriot has also managed funds for private companies, delivering an internal rate of return exceeding 25% per annum during this interim of 1994 to 2004. Frank completed his work with the funds, total assets under management exceeding $50 million. Patriot also performed on guarantees to deliver financing exceeding $50 million.
Previously, he was Principal and CEO of Kristan Associates, a financial consulting concern furnishing financial advisory services to the telecommunications and financial services sectors. He began his career at Affiliated Computer Systems at which he provided computer and operational advisory services to banking and financial services institutions for merger and acquisition transactions. His Bachelor of Science in Mathematics was acquired from the University of Western Australia.
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(OK, So something happened in 2007 where Patriot fell apart, and Frank accused one of the trustees of stealing from the company, a big lawsuit happened, and Patriot Advisors was dissolved. Frank received a civil judgement against him, but it was not criminal, then Frank purchases the remaining assets of Patriot Advisors and forms Ludvik Capital inc. The main gain for Ludvik was that Patriot Fund L.P. had a loan for more than 7.6 million dollars- to Unitech Industries Inc. http://www.unitechindustriesinc.com/about
This was what frank was salvaging. by buying the remaining assets of Patriot Fund L.P.
(ABOUT LUDVIK HOLDINGS:
makes active or passive investments in common and preferred stock and warrants or rights to acquire equity interests; in addition to senior and subordinated loans; or convertible securities. Ludvik Holdings is the lead investor for transactions, as well as a co-investor in companies along with other private equity sponsors.)
According to my research in the filings. This money is constantly earning interest. Notes receivable is an asset of a company, bank or other organization that holds a written promissory note from another party.)
SO FRANK PURCHASED WHAT WAS LEFT OF PATRIOT ADVISORS INC and the creditors no longer had a strangle hold on his company. SO HE FORMED LUDVIK CAPITAL INC. in an AGREEMENT WITH US BANKRUPTCY COURT. HE PAID 1.00 PER SHARE FOR 20 MILLION SHARES, ALONG WITH 23 OTHER INVESTORS IN ORDER TO RETAIN THE REMAINING ASSETS OF PATRIOT ADVISORS. "Ludvik Nominees Pty Ltd" was Frank's main interest in the company.
On January 25, 2007 the United States Bankruptcy Court for the District of Maine, in Case No. 04-20328, entered an order confirming the agreement with the Debtor, whereby the Debtor (Frank) will purchase the stock of Patriot Advisors, Inc and merge the company with Ludvik Capital, Inc, whereby the surviving corporation will be the registrant, Ludvik Capital, Inc.
On February 7, 2007 the order became effective and a copy is attached here to as Exhibit 99.1. A copy of the Debtor’s Disclosure Statement, including a copy of the agreement, has been previously filed by the company.
Pursuant to the agreement shares of the Company’s Common Stock were issued to the certain creditors who had accepted the offer at $1.00 per share and shareholders who had participated in the plan with the agreement of the debtor under the plan in exchange for a claim against, an interest in, or a claim for an administrative expense in the case concerning, the debtor or such affiliate, or principally in such exchange and partly for cash or property.
As a result of the election of certain creditors and proponents of the plan and agreement, as of March 20, 2007, there are 20,000,000 shares of the Company’s common stock issued and outstanding. Ludvik Nominees Pty Ltd is a shareholder of record of 14,968,200 restricted securities and there are an additional 23 shareholders of record for 5,031,800 shares of common stock.
(so at the end of the Bankruptcy case, Franks Ludvik Nominees Pty Ltd owns 14,968,200.00 dollars worth of stock. AND THE CREDITORS AGREED THAT THE PURCHASE PRICE OF 1.00 PER SHARE WAS ACCEPTABLE SO WE CAN ASSUME THAT THIS IS WHAT IT IS WORTH MINIMALLY)
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=5055009
Frank Kristan started the stock LDVK in 2006. Preparing for his first chance at making his own public stock offering since Patriot had failed, BUT Decided it was not plausible at the time to make his public offering due to funding issues, and he resigned as ceo and sold the shell to Ike Sutton of SAVW. (don't let people tell you Frank Kristan was involved with Ike Sutton or SAVW because he wasn't. He told me explicitly he sold his stock shell to him and the day after he sold it he had no involvement, also because the time wasn't right to bring Ludvik Public because of funding. He had nothing to do with SAVW after resigning as CEO.)
From old LDVK filing:
The Company was originally incorporated on October 20, 2006 under the name of Ludvik Capital, Inc. In 2010, our name was changes to SavWatt USA, Inc.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7535224
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SECTION 8 - OTHER EVENTS
(This is where Frank took all assets with him and merged them into Ludvik Holdings Inc.)
Item 8.01 – Other Events
On March 30 th , 2010, the Company formed Ludvik Holdings, Inc as a special purpose entity to effect a business combination that will result in a restructuring of the company’s assets and liabilities for the period ended March 31 st , 2010.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7171790
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Section 5-
(Frank's resignation from the ticker LDVK in Mar. 2010)
Corporate Governance and Management
Item 5.02
Departure of Directors and Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Effective March 31, 2010, the Company accepted the resignation of Frank Kristan as President and as a director.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7297419
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OK, SO FRANK IS OUT OF THE PUBLIC MARKET AS OF MAR. 31, 2010. The LDVK ticker was renamed SAVW, and Frank was no longer affiliated with that stock. Now Ludvik remains a private company for 3 years.
FAST FORWARD TO 2013.
Frank kept Ludvik Private until he saw an opportunity to merge with WNTR. The Company "Worldwide Internet Inc." had a business plan to bring to market a patent pending technology involving hardware for cell phone towers, along with applications:
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SO, FRANK, wants to go public, and execute his plan that he was trying to accomplish 3 years ago... contacts Ken Bland, CEO of WNTR. and on March 31'st 2013 he writes a letter of intent to MERGE LUDVIK HOLDINGS INC. with WORLDWIDE INTERNET
The purchase price of Ludviks merger to WNTR was $21,062,587
So in exchange to add value to WNTR by merger, Ludvik received
154,125,870 shares of common stock AT .10 CENTS A PEICE.
WHICH COMES OUT TO $15,412,587 MILLION DOLLARS.
250,000 Series A preferred shares Valued at 20$ a peice.
(5 million)
Then also $650,000 in cash PAID TO LUDVIK.
(Ludvik had $325,000 in liabilities which was paid off in this transaction.)
All of this totals the purchase price of $21,062,587
So these shares are actually the value of Ludvik Holdings company in the form of shares. If Frank sells any of those 154 million shares, he is selling a percentage of his company. These 154,125,870 million shares represent actual ownership in Ludvik Holdings INC. If Frank were to sell these shares, he would literally be selling his assets and interest in Ludvik Holdings INC. THIS IS WHY, FRANK WILL NOT SELL THESE SHARES FOR LESS THAN .10 CENTS, and also note they are common shares, so imo. he will NOT reverse split this stock, so the more Frank dilutes the less value those shares are worth, but if Frank keeps on adding value to the stock (I.E. The recent acquisition of 5 million dollar property and energy deal. http://www.otcmarkets.com/stock/WNTR/news/Worldwide-Completes-Five-Million-Dollar-Acquisition?id=74514&b=y)
THEN you can respect the rate of dilution and his shares will maintain or increase in value. and in my last correspondence email on January 13th 2013 with Frank he was quoted saying this:
"Since, we began this process, the three major shareholders, totaling more than 350m shares, including Ludvik Holdings for approximately 150m shares, have not sold a share of their holdings."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=95894477
So there are 3 insiders including Ludvik Holdings that are holding 354 million shares and none of those 3 inside holdings have sold a single share.
Float: 101 million
Outstanding: 618 million
618 - 354 - 101 = 163 million shares left for him to dilute without increasing the outstanding share count.
Now Frank has been honest about the float increase.
From August to January 6 the float has increased from 66 million to 101 million. Everytime someone emails him to update the float, he will. He has done this 3 times recently for us Since September. I even remember the days. Oct.28 Nov 26. and last updated Jan6. So the float is usually updated once every month.
The float is still relatively small for a pennystock toting 28 million in assets and ZERO DEBT
Dilution hurts Franks holdings. Keep that in mind.
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(OK SO BACK TO THE PATENT)
Our Patent pending technology could be the "Ace up the sleeve" with this stock. and let me explain why. This info is from the WNTR filings.
Details of Tech from the WNTR FILINGs:
(You see when Frank merged ludvik with WNTR he got a company that already had a "proprietary technology" in Worldwide Internet Inc.)
"We have designed a proprietary cell broadcast/cell information technology product suite. This technology is commonly known as a short message service via cell broadcast (SMCB) for point to multipoint distribution of emergency and commercial messages simultaneously to multiple network subscribers. This type of communication process is commonly referred to as “cbp2mp”. Our cbp2mp service is initiated by our proprietary cbp2mp broadcast controller which will be installed in cellular networks of wireless carriers. Our controller transmits data to cell phones
on the network which have our proprietary application (App) when within range of the towers. Our proprietary product suit
e includes the cbp2mp controller, the App for free download by cell phone subscribers and software which enables the network
personnel to initiate the point to multipoint broadcast, including linkage to emergency broadcast systems. The controller,
App and software comprise our cbp2mp system. We plan to offer our cbp2mp proprietary product suite to wireless carriers, agencies, and municipalities for no up front charge, and bill the client a
monthly service fee with a component based on number of broadcast transmissions. We believe our cbp2mp system and billing
structure will be very attractive to rural cellular carriers and other providers of wireless broadband to communities throughout the United States. Our competitors include other wireless companies like Alcatel-Lucent and Motorola.
We believe our competitive advantage will be our monthly billing structure with no up-front cost, as compared to the up-front purchase of equipment presently required by our competitors.
We expect to contract the manufacture of our cbp2mp controller and related hardware. We will be able to provide the App and software components our cbp2mp system to our clients in several formats, including CD-ROM/flash drive and download.
The App will be downloadable by network subscribers wirelessly from their network providers. We believe there are numerous, competitive manufacturers suitable to build our cbp2mp controller and related hardware and that raw materials and component parts are readily available from many sources at competitive prices inthe marketplace.
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"TTT Investment Trust owns 100,000,000 shares of our common stock, or 20.84 percent. Its address is 5825 Vineyard Lane, McKinney, Texas75070. We believe it is controlled by Wade Clark"
Who is Wade Clark ?
http://www.linkedin.com/pub/wade-clark/16/206/114
http://www.intelius.com/Find-Phone-Address/Tulsa-OK/Wade-Clark.html
Senior Director of Business Development
Motorola Solutions
August 2012 – Present (1 year 4 months)Dallas/Fort Worth Area
• Responsible for creating the go-to-market strategy targeting CIO’s across North America making cities smarter, safer, and more sustainable.
• Responsible for establishing Motorola Solutions as the thought leader and preferred vendor for solutions specifically focused on creating smart communities that enrich the daily lives of their citizens, provide economic development, and modernization of public services.
Here he is August 27th on Facebook recently at a conference discussing cost benefits, network anaylsis, and public safety strategies with new implemented technologies for cell providers.
https://www.facebook.com/photo.php?fbid=690361884326284&set=a.150491514979993.25342.134795553216256&type=1&theater
(So this conference Wade Clark was at, was an annual state sponsored government funding conference where states come in and bid on technologies and cut deals with companies in order to upgrade their security. National Association of State Technology Directors: learn more about NASTD at www.nastd.org.
( Now do you think Wade Clark can help get this WNTR tech to the market by knowing all these connections and going to these conferences? I think he can.
Do you think Wade Clark has a very high personal interest in bringing this tech to the market considering he owns 100,000,000 shares of WNTR? How much do you believe a tech like this is worth? at .01 cent Wade clarks shares are worth only 1 million dollars. Here is the press release stating how much they believe they can get out of this tech for the first three years after manufacture and distribution)
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September Press release from Frank:
News release in SEPT 2013:
WORLDWIDE TO FURTHER DEVELOP CELL BROADCAST BUSINESS
Evaluating Cell Tower Business Opportunities
WILLIAMSBURG, VA, SEPTEMBER 3, 2013 - Worldwide Internet, Inc. (OTC: WNTR) announced today that it will be further developing its cell broadcast business and currently evaluating opportunities that could provide more than $200m in revenues in the next three years. The revenues are expected to come from providing services to cell tower operators in partnership with other telecommunication companies.
Frank Kristan, President of Worldwide Internet, Inc stated that:
"We are excited about the opportunities to further develop the cell broadcast technology with our potential new partners.
(They already have a partner in mind imo.)
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(Merger Conditions)
Ok, So now the final condition of the Merger of Ludvik and Worldwide Internet is that the remainding debt in Worldwide internet is paid off. On January 7th Frank releases a press release Shareholder Update that states:
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Worldwide CEO Releases Shareholder Update
NEW YORK, NY--(Marketwired - Jan 7, 2014) - Worldwide Internet, Inc. (OTC Pink: WNTR), a company focused on making investments to diversify its business operations and holdings, released the following update for shareholders from its President and Chief Executive Officer for the period ending December 31, 2013.
Dear Shareholders,
We are pleased to announce the following accomplishments for the company for the year ending December 31, 2013
The company has satisfied US $995,013 in indebtedness to affiliates by assignment to third parties for the retirement of the debt.
We are currently working to align Worldwide with a full-service investment bank that has the relationships and experience to help guide us to a listing on NASDAQ or AMEX in 2014. This would include a commitment for at least $30 million dollars to finance the planned acquisitions in 2014. The finalization of this relationship will be essential to our efforts of reaching a more expansive investment community and gaining institutional support for our securities.
There have been four announced transactions completed by the company to acquire more than $23 million in assets for the year ending December 31, 2013.
The company is committed to continue to develop its proprietary technology with significant telecommunication and software partners.
The company is currently negotiating transactions that will provide for more than $100 million in revenue, with at least $5m in EBITDA, for 2014. This includes partnering on the lease of its oil and gas properties in addition to the employee leasing acquisition.
The company intends to make distribution of some of its interest in its portfolio companies as dividends to shareholders in 2014.
I would like to thank our investors and shareholders for their patience as we build a foundation that will help to ensure our long term and sustained success.
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OK SO NOW THE DEBT IS SATISFIED,
THE MERGER OF WNTR AND Ludvik Holdings INC
IS OFFICIAL AS OF JAN 7. 2014
Now the value is there in the ticker.
Take shareholders equity and divide by outstanding share count and you have:
CURRENT BOOK VALUE FOR WNTR
Shares Outstanding 618,832,045 a/o Jan 06, 2014
$17,417,787/618,832,045 = Q3 Book Value of .0281
(AND THAT IS WITH SHAREHOLDER EQUITY AT $17,417,787 WHICH IS ON THE Q3 FILING)
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NOW THE COMPANY IS DEBT FREE WITH 23 MILLION IN SHAREHOLDER EQUITY*** This SHOULD reflect on the Q4/Annual Report
Shareholders Equity = 23,000,000
Shares Outstanding 618,832,045
23,000,000/618,832,045 = .037 Book Value
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Just Recently He adds a 5 million Dollars in ASSETS with the Series C preferred shares he uses acquire the recent property in the joint venture with AERA ENERGY.
http://www.otcmarkets.com/stock/WNTR/news/Worldwide-Completes-Five-Million-Dollar-Acquisition?id=74514&b=y
Ever Heard of Aera Energy?
Aera Energy LLC (Aera) is a natural gas, oil exploration and production company jointly owned by Shell and ExxonMobil headquartered in Bakersfield, California. In addition, Aera Energy LLC is a California limited liability company, and one of California’s largest oil and natural gas producers, with an approximate 2012 revenues of over $5.3 billion.
http://www.aeraenergy.com/
So now the Quarter 1 should reflect at least 28 million in ASSETS and ZERO DEBT.
NOW, A Projected Q1 Book Value of .045
"The acquisition was completed in exchange for one million shares of the $5.00 par value Worldwide Series C Preferred shares"
(We will Get back to the Preferred Shares in a minute.)
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The day that the 5 million dollar acquisition Pr came out. We discover an interview with the CEO making comments on the days news and about the potential of Ludvik Holdings Energy portfolio.
http://www1.snl.com/Interactivex/article.aspx?CdId=A-26505856-11820
Technology company Worldwide Internet Inc. said it is evaluating opportunities to purchase up to $10 million in natural gas properties in the prolific Marcellus Shale. (There is an option in the land agreement to go in with an addition 5 mil.)
The company's interest in the Marcellus may appear to be a bit of a mismatch, but Worldwide Internet President Frank Kristan told SNL Energy that his company has already been quite active in the energy space.
"We've been investing in energy projects for the last 10 years, and that includes oil, gas, wind and solar," Kristan said.
The company leases property near Bakersfield, Calif., to Aera Energy, a joint venture between Royal Dutch Shell and Exxon Mobil, he said. Worldwide is also working on a project in the Gulf of Mexico that will be leased to Pemex and a project with First Australia Resources, Kristan said.
"We look to take a minority position and partner with other companies on a project," Kristan said of Worldwide's role in energy acquisitions.
A key piece of the reasoning behind Worldwide's energy investments is a shift in the company's plans. "We are changing our business model to become a diversified holding company," Kristan said, adding that the company is looking at further development opportunities in other shale plays.
"We see opportunity to generate returns as gas prices increase, even if the industry has matured in the last few years," Kristan said.
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Did he just say Gulf of Mexico Project with PEMEX?
PEMEX http://www.pemex.com/Paginas/default.aspx#.UtsWjLQo6po
Petróleos Mexicanos (trademarked and better known as Pemex, Spanish pronunciation: ['pemeks]), which translates to Mexican Petroleum, is the Mexican state-owned petroleum company, created in 1938 by nationalized petroleum and the expunging of all private foreign and domestic companies at that time. Pemex has a total asset worth of $415.75 billion, and is the world's second largest non-publicly listed company by total market value,[2] and Latin America's second largest enterprise by annual revenue as of 2009, surpassed only by Petrobras
And First Australia Resources
FAR Limited (FAR) is an independent Australian Securities Exchange listed (ASX: FAR) oil and gas explorer with high impact assets in West and East Africa. The Company has a robust balance sheet to progress its assets, an experienced Board, and management with strong relationships in Africa. FAR is dedicated to being a leading African focussed exploration company.
http://www.far.com.au/about-far/
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Are we starting to understand now? Frank is adding ASSETS to the book value of the stock by purchasing investmentswith the SERIES C preferred shares. THIS IS WHAT TRUE HOLDINGS COMPANIES DO. BUILD A DIVERSIFIED PORTFOLIO!!!
About Ludvik Holdings INC:
Ludvik Holdings has investments in public and private companies. It provides long-term equity and debt investment capital to fund growth, acquisitions and recapitalizations of small and middle-market companies in a variety of industries primarily located in the U.S. It makes active or passive investments in common and preferred stock and warrants or rights to acquire equity interests; in addition to senior and subordinated loans; or convertible securities. Ludvik Holdings is the lead investor for transactions, as well as a co-investor in companies along with other private equity sponsors.
This is how the share price will begin to build EVEN if he dilutes more into the float.
REMEMBER, BOOK VALUE is based on the SHAREHOLDERS EQUITY divided by the outstanding share count., not the float.
The shareholder’s equity is essentially the amount of money the company is worth when you take into account all its assets and liabilities. For that reason, this figure is also commonly called a company’s net worth. It’s what would remain if the company in which you’re invested was to sell off everything it owns and pay off everything it owes. Since the investors own small pieces of the company, the remaining balance is what would then be distributed among the shareholders. -
If Frank Dilutes more than the outstanding share count, then essentially he is diluting the VALUE of his investments because people can buy percentages of the public float within the outstanding share count.
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(Now here is the kicker.)
The conversion price of the Series C preferred shares is .50 cents
Quote from Frank Email:
"We are focused on doing our acquisitions with WNTR Series C Preferred with a stated value of $5.
The shares are convertible at 10 to 1 but not for at least 6 months and effectively they would only convert at above 50 cents per share or else the holder would have a loss.
So effectively for every $5m in assets could dilute approximately 10m shares at value of $.50c per share.
There is also the possibility for the company to list the preferred shares separately to raise additional investment capital on the same terms to minimize dilution."
(a regulation D offering)
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QUOTE from WNTR press release:
"The company has authorized 45,000,000 shares of Series C Preferred, with a stated value of $5.00 per shares to provide for up to $225 million in acquisitions with minimum dilution to shareholders. "
__________________________________________________________
So now. We know the Share price must make it to .50 cents.
Now there are only two ways to get to .50 cents from here.
A. Frank executes the business plan. Acquisitions are finalized, Quarterly results show millions in assets and revenue, the institutional bank lets Frank borrow the 30 million, and he closes the big deals, and share price gets pumped up to .50 cents and institutional investors come in and support the price as the stock is sent to the nasdaq.
or
B. Frank dilutes for months and months and nothing ever materializes, diluting all of the companies holdings along the way. He and Wade clark sell all their shares. and eventually he reverse splits the stock. All common shares are divided, and his preferred share still need to liquidate higher than .50 cents. But there is now no liquidity in the market after a reverse split and all shareholders now hate him and noone wants to invest anymore.
You have to ask yourself which scenario is more likely.And considering the rate of dilution that we have seen and the float still being around 100 million, and the merger with Ludvik completed, debt free company etc... I think option A seems more likely. If he reverse split the stock and never got institutional support, there will be no way he can convert over 8 million in preferred shares at .50 cents, b/c noone would buy the shares, and also the company is indebted to the preferred shareholders still.
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This was the latest letter of intent Frank released:
NEW YORK, NY--(Marketwired - Dec 5, 2013) - Worldwide Internet, Inc. (OTC Pink: WNTR) announced today that it has entered into a Letter of Intent to acquire an employee leasing company to be based in the United States and Europe. The company's revenues for 2014 will be in excess of $100m and provide earnings of least $5m in 2014.
http://www.otcmarkets.com/stock/WNTR/news/Worldwide-to-Acquire-Employee-Leasing-Company?id=72640&b=y
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Here is a list of other companies Frank has acquired ALREADY IN 2013 with a total of 660,000 preferred shares.
http://www.otcmarkets.com/stock/WNTR/news/WORLDWIDE-ACQUIRES-INTEREST-IN-TEXT-MESSAGING-COMPANY?id=73443&b=y
(30,000 x 5.00 = 180,000 dollar interest/stake in the company)
http://www.otcmarkets.com/stock/WNTR/news/WORLDWIDE-ACQUIRES-INTEREST-IN-MEDICAL-DEVICE-COMPANY?id=73290&b=y
(30,000 x 5.00 = 180,000 dollar interest/stake in the company)
http://www.otcmarkets.com/stock/WNTR/news/WORLDWIDE-INTERNET-ACQUIRES-WORLD-CAPITAL-LEASING-PORTFOLIO?id=66570&b=y
(600,000 x 5.00 = 3 million dollar Portfolio of leases)
+ The 1 million Series C preferred for the 5 million dollar property.
Total Series C preferred shares outstanding: 45 million
Series C Preferred shares issued: 1.66 million
Series C Preferred shares Stated Value: $ 5.00
Series C Preferred share Conversion Rate: $ .50 cents
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Frank is building ASSETS onto the balance sheet in a diversified holdings company miniature HEDGE FUND. IMO This hedge fund that is WNTR mixes assets, with notes receivable, with real estate, energy investments, and other investments.
Those preferred shareholders will never get paid off until the share price reaches ATLEAST .50 cents.
Frank will never get his full Value of the 154 million shares of WNTR that Ludvik Holdings Inc. owns until the share price reaches .10 cents.
_______________________________________________________________
We are currently working to align Worldwide with a full-service investment bank that has the relationships and experience to help guide us to a listing on NASDAQ or AMEX in 2014. This would include a commitment for at least $30 million dollars to finance the planned acquisitions in 2014. The finalization of this relationship will be essential to our efforts of reaching a more expansive investment community and gaining institutional support for our securities.
There have been four announced transactions completed by the company to acquire more than $23 million in assets for the year ending December 31, 2013.
_______________________________________________________________
So now the countdown begins. The preferred shares go LIVE in 6 months from now.
The company is currently negotiating transactions that will provide for more than $100 million in revenue, with at least $5m in EBITDA, for 2014. This includes partnering on the lease of its oil and gas properties in addition to the employee leasing acquisition.
_________________________________________________________________
WILLIAMSBURG, VA, SEPTEMBER 6, 2013 - Worldwide Internet, Inc. (OTC: WNTR) announced today it is developing its oil and gas business and is currently evaluating opportunities that could provide more than $100m in revenues from the financing of operating rigs in the Gulf of Mexico.
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Worldwide Internet to Acquire Solar Project
PLEASSSEEEE CLICK THIS LINK HERE:
http://www.cleanenergypipeline.com/download/CleanEnergyPipelineWeeklyReview291234413.pdf
Would a Scam company be featured in CleanEnergypipeline.com ?
No way.
(Marketwired - Oct 24, 2013) - Worldwide Internet, Inc. (OTC Pink: WNTR) announced today that it will be acquiring an interest in Pamlico Energy Park from Ludvik Holdings, Inc.
The Pamlico Energy Park is based in Camden County, North Carolina. It is developing up to Five MegaWatt (5MW) of Solar Power. The $10 million project will be 30% financed by Federal Government Credits, 35% financed by North Carolina State Credits and the balance from a twenty five year power purchase agreement from an A rated energy company.
The project is to be managed by one of the largest providers of energy solutions in the United States. They will provide the turn-key engineering, procurement and construction services for the project. The project will provide a significant asset and cash flow for shareholders for the next twenty five years commencing in 2014.
Frank Kristan, President of Worldwide Internet, Inc.?stated that:
"This acquisition will provide assets and cash flow for shareholder distributions. We continue to make progress on the transition to a diversified holding company. This continues on the path of our overall strategy to increase shareholder value and provide for distributions to shareholders."
The word on the street is that Dominion Power (D: NYSE)
will be managing this project. There is also an A rated energy company with a power purchase agreement in place, should financing be completed, and IMO it already is. We are just waiting on the Construction to begin, and a PR from Frank.
_______________________________________________________________
So there you have it.
Ludvik Holdings Inc. a diversified Holdings Company with REAL ASSETS. REAL REVENUES. ZERO DEBT. and DIVIDENDS.
Go Long on WNTR.
When you are buying at the last closing price of .0044, you are buying with a market value of $2,722,861 a/o Jan 17, 2014
The company has a possible 28 million assets, and ZERO DEBT, starting for Quarter 1 of this year, and possibility of adding 100 million or more in revenue for and 5 million EBITA by the end of 2014.
In the context of securities, market value is often different from book value because the market takes into account future growth potential. Most investors who use fundamental analysis to pick stocks look at a company's market value and then determine whether or not the market value is adequate or if it's undervalued in comparison to it's book value, net assets or some other measure.
This is why WNTR is severely undervalued right now at the current share price.
Go long on WNTR. Let things develop. Wait for the financials.
We are currently working to align Worldwide with a full-service investment bank that has the relationships and experience to help guide us to a listing on NASDAQ or AMEX in 2014. This would include a commitment for at least $30 million dollars to finance the planned acquisitions in 2014. The finalization of this relationship will be essential to our efforts of reaching a more expansive investment community and gaining institutional support for our securities.
_________________________________________________________________
DISCLAIMER: THIS IS MY OWN PERSONAL DD. DO YOUR OWN AND MAKE YOUR OWN INVESTMENT DECISIONS. I HAVE MADE MINE. I AM LONG ON WNTR.
I AM NOT AFFILIATED WITH ANYONE OF THE COMPANY, ANY NEWS SITE, PUMP SQUAD, INSIDERS, OR GROUP OF MANIPULATORS.
I DID THIS RESEARCH FOR MY OWN BENEFIT TO UNDERSTAND AND KNOW WHAT I OWN.
GO LONG ON WNTR IMO.
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Updated and corrected version:
Here is my DD, and Why I think this stock is bound for a run to .50 cents or more. Lets start from the beginning. Read all, but pay attention to the bold pieces and underlined text. This is me following the assets and history of Frank Kristan by looking through all the SEC filings I could find, and also piecing together information I gathered from my own digging, and conversations/emails with Frank Kristan.
__________________________________________________________
Frank Kristan BIO:
Frank Kristan, Vice President of Business Development Frank is the President of Ludvik Holdings, Inc., a Delaware company specializing in venture capital, asset management and advisory services. He was the President and CEO of Patriot Advisors, Inc. which provides investment advisory services to investment funds, corporations and individuals. Patriot has also managed funds for private companies, delivering an internal rate of return exceeding 25% per annum during this interim of 1994 to 2004. Frank completed his work with the funds, total assets under management exceeding $50 million. Patriot also performed on guarantees to deliver financing exceeding $50 million.
Previously, he was Principal and CEO of Kristan Associates, a financial consulting concern furnishing financial advisory services to the telecommunications and financial services sectors. He began his career at Affiliated Computer Systems at which he provided computer and operational advisory services to banking and financial services institutions for merger and acquisition transactions. His Bachelor of Science in Mathematics was acquired from the University of Western Australia.
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(OK, So something happened in 2007 where Patriot fell apart, and Frank accused one of the trustees of stealing from the company, a big lawsuit happened, and Patriot Advisors was dissolved. Frank received a civil judgement against him, but it was not criminal, then Frank purchases the remaining assets of Patriot Advisors and forms Ludvik Capital inc. The main gain for Ludvik was that Patriot Fund L.P. had a loan for more than 7.6 million dollars- to Unitech Industries Inc. http://www.unitechindustriesinc.com/about
This was what frank was salvaging. by buying the remaining assets of Patriot Fund L.P.
(ABOUT LUDVIK HOLDINGS:
makes active or passive investments in common and preferred stock and warrants or rights to acquire equity interests; in addition to senior and subordinated loans; or convertible securities. Ludvik Holdings is the lead investor for transactions, as well as a co-investor in companies along with other private equity sponsors.)
According to my research in the filings. This money is constantly earning interest. Notes receivable is an asset of a company, bank or other organization that holds a written promissory note from another party.)
SO FRANK PURCHASED WHAT WAS LEFT OF PATRIOT ADVISORS INC and the creditors no longer had a strangle hold on his company. SO HE FORMED LUDVIK CAPITAL INC. in an AGREEMENT WITH US BANKRUPTCY COURT. HE PAID 1.00 PER SHARE FOR 20 MILLION SHARES, ALONG WITH 23 OTHER INVESTORS IN ORDER TO RETAIN THE REMAINING ASSETS OF PATRIOT ADVISORS. "Ludvik Nominees Pty Ltd" was Frank's main interest in the company.
On January 25, 2007 the United States Bankruptcy Court for the District of Maine, in Case No. 04-20328, entered an order confirming the agreement with the Debtor, whereby the Debtor (Frank) will purchase the stock of Patriot Advisors, Inc and merge the company with Ludvik Capital, Inc, whereby the surviving corporation will be the registrant, Ludvik Capital, Inc.
On February 7, 2007 the order became effective and a copy is attached here to as Exhibit 99.1. A copy of the Debtor’s Disclosure Statement, including a copy of the agreement, has been previously filed by the company.
Pursuant to the agreement shares of the Company’s Common Stock were issued to the certain creditors who had accepted the offer at $1.00 per share and shareholders who had participated in the plan with the agreement of the debtor under the plan in exchange for a claim against, an interest in, or a claim for an administrative expense in the case concerning, the debtor or such affiliate, or principally in such exchange and partly for cash or property.
As a result of the election of certain creditors and proponents of the plan and agreement, as of March 20, 2007, there are 20,000,000 shares of the Company’s common stock issued and outstanding. Ludvik Nominees Pty Ltd is a shareholder of record of 14,968,200 restricted securities and there are an additional 23 shareholders of record for 5,031,800 shares of common stock.
(so at the end of the Bankruptcy case, Franks Ludvik Nominees Pty Ltd owns 14,968,200.00 dollars worth of stock. AND THE CREDITORS AGREED THAT THE PURCHASE PRICE OF 1.00 PER SHARE WAS ACCEPTABLE SO WE CAN ASSUME THAT THIS IS WHAT IT IS WORTH MINIMALLY)
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=5055009
Frank Kristan started the stock LDVK in 2006. Preparing for his first chance at making his own public stock offering since Patriot had failed, BUT Decided it was not plausible at the time to make his public offering due to funding issues, and he resigned as ceo and sold the shell to Ike Sutton of SAVW. (don't let people tell you Frank Kristan was involved with Ike Sutton or SAVW because he wasn't. He told me explicitly he sold his stock shell to him and the day after he sold it he had no involvement, also because the time wasn't right to bring Ludvik Public because of funding. He had nothing to do with SAVW after resigning as CEO.)
From old LDVK filing:
The Company was originally incorporated on October 20, 2006 under the name of Ludvik Capital, Inc. In 2010, our name was changes to SavWatt USA, Inc.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7535224
___________________________________________________________
SECTION 8 - OTHER EVENTS
(This is where Frank took all assets with him and merged them into Ludvik Holdings Inc.)
Item 8.01 – Other Events
On March 30 th , 2010, the Company formed Ludvik Holdings, Inc as a special purpose entity to effect a business combination that will result in a restructuring of the company’s assets and liabilities for the period ended March 31 st , 2010.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7171790
___________________________________________________________
Section 5-
(Frank's resignation from the ticker LDVK in Mar. 2010)
Corporate Governance and Management
Item 5.02
Departure of Directors and Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Effective March 31, 2010, the Company accepted the resignation of Frank Kristan as President and as a director.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7297419
_______________________________________________________________
OK, SO FRANK IS OUT OF THE PUBLIC MARKET AS OF MAR. 31, 2010. The LDVK ticker was renamed SAVW, and Frank was no longer affiliated with that stock. Now Ludvik remains a private company for 3 years.
FAST FORWARD TO 2013.
Frank kept Ludvik Private until he saw an opportunity to merge with WNTR. The Company "Worldwide Internet Inc." had a business plan to bring to market a patent pending technology involving hardware for cell phone towers, along with applications:
_______________________________________________________________
SO, FRANK, wants to go public, and execute his plan that he was trying to accomplish 3 years ago... contacts Ken Bland, CEO of WNTR. and on March 31'st 2013 he writes a letter of intent to MERGE LUDVIK HOLDINGS INC. with WORLDWIDE INTERNET
The purchase price of Ludviks merger to WNTR was $21,062,587
So in exchange to add value to WNTR by merger, Ludvik received
154,125,870 shares of common stock AT .10 CENTS A PEICE.
WHICH COMES OUT TO $15,412,587 MILLION DOLLARS.
250,000 Series A preferred shares Valued at 20$ a peice.
(5 million)
Then also $650,000 in cash PAID TO LUDVIK.
(Ludvik had $325,000 in liabilities which was paid off in this transaction.)
All of this totals the purchase price of $21,062,587
So these shares are actually the value of Ludvik Holdings company in the form of shares. If Frank sells any of those 154 million shares, he is selling a percentage of his company. These 154,125,870 million shares represent actual ownership in Ludvik Holdings INC. If Frank were to sell these shares, he would literally be selling his assets and interest in Ludvik Holdings INC. THIS IS WHY, FRANK WILL NOT SELL THESE SHARES FOR LESS THAN .10 CENTS, and also note they are common shares, so imo. he will NOT reverse split this stock, so the more Frank dilutes the less value those shares are worth, but if Frank keeps on adding value to the stock (I.E. The recent acquisition of 5 million dollar property and energy deal. http://www.otcmarkets.com/stock/WNTR/news/Worldwide-Completes-Five-Million-Dollar-Acquisition?id=74514&b=y)
THEN you can respect the rate of dilution and his shares will maintain or increase in value. and in my last correspondence email on January 13th 2013 with Frank he was quoted saying this:
"Since, we began this process, the three major shareholders, totaling more than 350m shares, including Ludvik Holdings for approximately 150m shares, have not sold a share of their holdings."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=95894477
So there are 3 insiders including Ludvik Holdings that are holding 354 million shares and none of those 3 inside holdings have sold a single share.
Float: 101 million
Outstanding: 618 million
618 - 354 - 101 = 163 million shares left for him to dilute without increasing the outstanding share count.
Now Frank has been honest about the float increase.
From August to January 6 the float has increased from 66 million to 101 million. Everytime someone emails him to update the float, he will. He has done this 3 times recently for us Since September. I even remember the days. Oct.28 Nov 26. and last updated Jan6. So the float is usually updated once every month.
The float is still relatively small for a pennystock toting 28 million in assets and ZERO DEBT
Dilution hurts Franks holdings. Keep that in mind.
_________________________________________________________________
(OK SO BACK TO THE PATENT)
Our Patent pending technology could be the "Ace up the sleeve" with this stock. and let me explain why. This info is from the WNTR filings.
Details of Tech from the WNTR FILINGs:
(You see when Frank merged ludvik with WNTR he got a company that already had a "proprietary technology" in Worldwide Internet Inc.)
"We have designed a proprietary cell broadcast/cell information technology product suite. This technology is commonly known as a short message service via cell broadcast (SMCB) for point to multipoint distribution of emergency and commercial messages simultaneously to multiple network subscribers. This type of communication process is commonly referred to as “cbp2mp”. Our cbp2mp service is initiated by our proprietary cbp2mp broadcast controller which will be installed in cellular networks of wireless carriers. Our controller transmits data to cell phones
on the network which have our proprietary application (App) when within range of the towers. Our proprietary product suit
e includes the cbp2mp controller, the App for free download by cell phone subscribers and software which enables the network
personnel to initiate the point to multipoint broadcast, including linkage to emergency broadcast systems. The controller,
App and software comprise our cbp2mp system. We plan to offer our cbp2mp proprietary product suite to wireless carriers, agencies, and municipalities for no up front charge, and bill the client a
monthly service fee with a component based on number of broadcast transmissions. We believe our cbp2mp system and billing
structure will be very attractive to rural cellular carriers and other providers of wireless broadband to communities throughout the United States. Our competitors include other wireless companies like Alcatel-Lucent and Motorola.
We believe our competitive advantage will be our monthly billing structure with no up-front cost, as compared to the up-front purchase of equipment presently required by our competitors.
We expect to contract the manufacture of our cbp2mp controller and related hardware. We will be able to provide the App and software components our cbp2mp system to our clients in several formats, including CD-ROM/flash drive and download.
The App will be downloadable by network subscribers wirelessly from their network providers. We believe there are numerous, competitive manufacturers suitable to build our cbp2mp controller and related hardware and that raw materials and component parts are readily available from many sources at competitive prices inthe marketplace.
___________________________________________________
"TTT Investment Trust owns 100,000,000 shares of our common stock, or 20.84 percent. Its address is 5825 Vineyard Lane, McKinney, Texas75070. We believe it is controlled by Wade Clark"
Who is Wade Clark ?
http://www.linkedin.com/pub/wade-clark/16/206/114
http://www.intelius.com/Find-Phone-Address/Tulsa-OK/Wade-Clark.html
Senior Director of Business Development
Motorola Solutions
August 2012 – Present (1 year 4 months)Dallas/Fort Worth Area
• Responsible for creating the go-to-market strategy targeting CIO’s across North America making cities smarter, safer, and more sustainable.
• Responsible for establishing Motorola Solutions as the thought leader and preferred vendor for solutions specifically focused on creating smart communities that enrich the daily lives of their citizens, provide economic development, and modernization of public services.
Here he is August 27th on Facebook recently at a conference discussing cost benefits, network anaylsis, and public safety strategies with new implemented technologies for cell providers.
https://www.facebook.com/photo.php?fbid=690361884326284&set=a.150491514979993.25342.134795553216256&type=1&theater
(So this conference Wade Clark was at, was an annual state sponsored government funding conference where states come in and bid on technologies and cut deals with companies in order to upgrade their security. National Association of State Technology Directors: learn more about NASTD at www.nastd.org.
( Now do you think Wade Clark can help get this WNTR tech to the market by knowing all these connections and going to these conferences? I think he can.
Do you think Wade Clark has a very high personal interest in bringing this tech to the market considering he owns 100,000,000 shares of WNTR? How much do you believe a tech like this is worth? at .01 cent Wade clarks shares are worth only 1 million dollars. Here is the press release stating how much they believe they can get out of this tech for the first three years after manufacture and distribution)
_________________________________________________________________
September Press release from Frank:
News release in SEPT 2013:
WORLDWIDE TO FURTHER DEVELOP CELL BROADCAST BUSINESS
Evaluating Cell Tower Business Opportunities
WILLIAMSBURG, VA, SEPTEMBER 3, 2013 - Worldwide Internet, Inc. (OTC: WNTR) announced today that it will be further developing its cell broadcast business and currently evaluating opportunities that could provide more than $200m in revenues in the next three years. The revenues are expected to come from providing services to cell tower operators in partnership with other telecommunication companies.
Frank Kristan, President of Worldwide Internet, Inc stated that:
"We are excited about the opportunities to further develop the cell broadcast technology with our potential new partners.
(They already have a partner in mind imo.)
_______________________________________________________________
(Merger Conditions)
Ok, So now the final condition of the Merger of Ludvik and Worldwide Internet is that the remainding debt in Worldwide internet is paid off. On January 7th Frank releases a press release Shareholder Update that states:
_______________________________________________________________
Worldwide CEO Releases Shareholder Update
NEW YORK, NY--(Marketwired - Jan 7, 2014) - Worldwide Internet, Inc. (OTC Pink: WNTR), a company focused on making investments to diversify its business operations and holdings, released the following update for shareholders from its President and Chief Executive Officer for the period ending December 31, 2013.
Dear Shareholders,
We are pleased to announce the following accomplishments for the company for the year ending December 31, 2013
The company has satisfied US $995,013 in indebtedness to affiliates by assignment to third parties for the retirement of the debt.
We are currently working to align Worldwide with a full-service investment bank that has the relationships and experience to help guide us to a listing on NASDAQ or AMEX in 2014. This would include a commitment for at least $30 million dollars to finance the planned acquisitions in 2014. The finalization of this relationship will be essential to our efforts of reaching a more expansive investment community and gaining institutional support for our securities.
There have been four announced transactions completed by the company to acquire more than $23 million in assets for the year ending December 31, 2013.
The company is committed to continue to develop its proprietary technology with significant telecommunication and software partners.
The company is currently negotiating transactions that will provide for more than $100 million in revenue, with at least $5m in EBITDA, for 2014. This includes partnering on the lease of its oil and gas properties in addition to the employee leasing acquisition.
The company intends to make distribution of some of its interest in its portfolio companies as dividends to shareholders in 2014.
I would like to thank our investors and shareholders for their patience as we build a foundation that will help to ensure our long term and sustained success.
_________________________________________________________________
OK SO NOW THE DEBT IS SATISFIED,
THE MERGER OF WNTR AND Ludvik Holdings INC
IS OFFICIAL AS OF JAN 7. 2014
Now the value is there in the ticker.
Take shareholders equity and divide by outstanding share count and you have:
CURRENT BOOK VALUE FOR WNTR
Shares Outstanding 618,832,045 a/o Jan 06, 2014
$17,417,787/618,832,045 = Q3 Book Value of .0281
(AND THAT IS WITH SHAREHOLDER EQUITY AT $17,417,787 WHICH IS ON THE Q3 FILING)
____________________________________________________
NOW THE COMPANY IS DEBT FREE WITH 23 MILLION IN SHAREHOLDER EQUITY*** This SHOULD reflect on the Q4/Annual Report
Shareholders Equity = 23,000,000
Shares Outstanding 618,832,045
23,000,000/618,832,045 = .037 Book Value
___________________________________________________________________
Just Recently He adds a 5 million Dollars in ASSETS with the Series C preferred shares he uses acquire the recent property in the joint venture with AERA ENERGY.
http://www.otcmarkets.com/stock/WNTR/news/Worldwide-Completes-Five-Million-Dollar-Acquisition?id=74514&b=y
Ever Heard of Aera Energy?
Aera Energy LLC (Aera) is a natural gas, oil exploration and production company jointly owned by Shell and ExxonMobil headquartered in Bakersfield, California. In addition, Aera Energy LLC is a California limited liability company, and one of California’s largest oil and natural gas producers, with an approximate 2012 revenues of over $5.3 billion.
http://www.aeraenergy.com/
So now the Quarter 1 should reflect at least 28 million in ASSETS and ZERO DEBT.
NOW, A Projected Q1 Book Value of .045
"The acquisition was completed in exchange for one million shares of the $5.00 par value Worldwide Series C Preferred shares"
(We will Get back to the Preferred Shares in a minute.)
__________________________________________________________________
The day that the 5 million dollar acquisition Pr came out. We discover an interview with the CEO making comments on the days news and about the potential of Ludvik Holdings Energy portfolio.
http://www1.snl.com/Interactivex/article.aspx?CdId=A-26505856-11820
Technology company Worldwide Internet Inc. said it is evaluating opportunities to purchase up to $10 million in natural gas properties in the prolific Marcellus Shale. (There is an option in the land agreement to go in with an addition 5 mil.)
The company's interest in the Marcellus may appear to be a bit of a mismatch, but Worldwide Internet President Frank Kristan told SNL Energy that his company has already been quite active in the energy space.
"We've been investing in energy projects for the last 10 years, and that includes oil, gas, wind and solar," Kristan said.
The company leases property near Bakersfield, Calif., to Aera Energy, a joint venture between Royal Dutch Shell and Exxon Mobil, he said. Worldwide is also working on a project in the Gulf of Mexico that will be leased to Pemex and a project with First Australia Resources, Kristan said.
"We look to take a minority position and partner with other companies on a project," Kristan said of Worldwide's role in energy acquisitions.
A key piece of the reasoning behind Worldwide's energy investments is a shift in the company's plans. "We are changing our business model to become a diversified holding company," Kristan said, adding that the company is looking at further development opportunities in other shale plays.
"We see opportunity to generate returns as gas prices increase, even if the industry has matured in the last few years," Kristan said.
________________________________________________________________
Did he just say Gulf of Mexico Project with PEMEX?
PEMEX http://www.pemex.com/Paginas/default.aspx#.UtsWjLQo6po
Petróleos Mexicanos (trademarked and better known as Pemex, Spanish pronunciation: ['pemeks]), which translates to Mexican Petroleum, is the Mexican state-owned petroleum company, created in 1938 by nationalized petroleum and the expunging of all private foreign and domestic companies at that time. Pemex has a total asset worth of $415.75 billion, and is the world's second largest non-publicly listed company by total market value,[2] and Latin America's second largest enterprise by annual revenue as of 2009, surpassed only by Petrobras
And First Australia Resources
FAR Limited (FAR) is an independent Australian Securities Exchange listed (ASX: FAR) oil and gas explorer with high impact assets in West and East Africa. The Company has a robust balance sheet to progress its assets, an experienced Board, and management with strong relationships in Africa. FAR is dedicated to being a leading African focussed exploration company.
http://www.far.com.au/about-far/
________________________________________________________________
________________________________________________________________
Are we starting to understand now? Frank is adding ASSETS to the book value of the stock by purchasing investmentswith the SERIES C preferred shares. THIS IS WHAT TRUE HOLDINGS COMPANIES DO. BUILD A DIVERSIFIED PORTFOLIO!!!
About Ludvik Holdings INC:
Ludvik Holdings has investments in public and private companies. It provides long-term equity and debt investment capital to fund growth, acquisitions and recapitalizations of small and middle-market companies in a variety of industries primarily located in the U.S. It makes active or passive investments in common and preferred stock and warrants or rights to acquire equity interests; in addition to senior and subordinated loans; or convertible securities. Ludvik Holdings is the lead investor for transactions, as well as a co-investor in companies along with other private equity sponsors.
This is how the share price will begin to build EVEN if he dilutes more into the float.
REMEMBER, BOOK VALUE is based on the SHAREHOLDERS EQUITY divided by the outstanding share count., not the float.
The shareholder’s equity is essentially the amount of money the company is worth when you take into account all its assets and liabilities. For that reason, this figure is also commonly called a company’s net worth. It’s what would remain if the company in which you’re invested was to sell off everything it owns and pay off everything it owes. Since the investors own small pieces of the company, the remaining balance is what would then be distributed among the shareholders. -
If Frank Dilutes more than the outstanding share count, then essentially he is diluting the VALUE of his investments because people can buy percentages of the public float within the outstanding share count.
_____________________________________________________________
(Now here is the kicker.)
The conversion price of the Series C preferred shares is .50 cents
Quote from Frank Email:
"We are focused on doing our acquisitions with WNTR Series C Preferred with a stated value of $5.
The shares are convertible at 10 to 1 but not for at least 6 months and effectively they would only convert at above 50 cents per share or else the holder would have a loss.
So effectively for every $5m in assets could dilute approximately 10m shares at value of $.50c per share.
There is also the possibility for the company to list the preferred shares separately to raise additional investment capital on the same terms to minimize dilution."
(a regulation D offering)
__________________________________________________________
QUOTE from WNTR press release:
"The company has authorized 45,000,000 shares of Series C Preferred, with a stated value of $5.00 per shares to provide for up to $225 million in acquisitions with minimum dilution to shareholders. "
__________________________________________________________
So now. We know the Share price must make it to .50 cents.
Now there are only two ways to get to .50 cents from here.
A. Frank executes the business plan. Acquisitions are finalized, Quarterly results show millions in assets and revenue, the institutional bank lets Frank borrow the 30 million, and he closes the big deals, and share price gets pumped up to .50 cents and institutional investors come in and support the price as the stock is sent to the nasdaq.
or
B. Frank dilutes for months and months and nothing ever materializes, diluting all of the companies holdings along the way. He and Wade clark sell all their shares. and eventually he reverse splits the stock. All common shares are divided, and his preferred share still need to liquidate higher than .50 cents. But there is now no liquidity in the market after a reverse split and all shareholders now hate him and noone wants to invest anymore.
You have to ask yourself which scenario is more likely.And considering the rate of dilution that we have seen and the float still being around 100 million, and the merger with Ludvik completed, debt free company etc... I think option A seems more likely. If he reverse split the stock and never got institutional support, there will be no way he can convert over 8 million in preferred shares at .50 cents, b/c noone would buy the shares, and also the company is indebted to the preferred shareholders still.
________________________________________________________________
This was the latest letter of intent Frank released:
NEW YORK, NY--(Marketwired - Dec 5, 2013) - Worldwide Internet, Inc. (OTC Pink: WNTR) announced today that it has entered into a Letter of Intent to acquire an employee leasing company to be based in the United States and Europe. The company's revenues for 2014 will be in excess of $100m and provide earnings of least $5m in 2014.
http://www.otcmarkets.com/stock/WNTR/news/Worldwide-to-Acquire-Employee-Leasing-Company?id=72640&b=y
________________________________________________________________
Here is a list of other companies Frank has acquired ALREADY IN 2013 with a total of 660,000 preferred shares.
http://www.otcmarkets.com/stock/WNTR/news/WORLDWIDE-ACQUIRES-INTEREST-IN-TEXT-MESSAGING-COMPANY?id=73443&b=y
(30,000 x 5.00 = 180,000 dollar interest/stake in the company)
http://www.otcmarkets.com/stock/WNTR/news/WORLDWIDE-ACQUIRES-INTEREST-IN-MEDICAL-DEVICE-COMPANY?id=73290&b=y
(30,000 x 5.00 = 180,000 dollar interest/stake in the company)
http://www.otcmarkets.com/stock/WNTR/news/WORLDWIDE-INTERNET-ACQUIRES-WORLD-CAPITAL-LEASING-PORTFOLIO?id=66570&b=y
(600,000 x 5.00 = 3 million dollar Portfolio of leases)
+ The 1 million Series C preferred for the 5 million dollar property.
Total Series C preferred shares outstanding: 45 million
Series C Preferred shares issued: 1.66 million
Series C Preferred shares Stated Value: $ 5.00
Series C Preferred share Conversion Rate: $ .50 cents
________________________________________________________________
Frank is building ASSETS onto the balance sheet in a diversified holdings company miniature HEDGE FUND. IMO This hedge fund that is WNTR mixes assets, with notes receivable, with real estate, energy investments, and other investments.
Those preferred shareholders will never get paid off until the share price reaches ATLEAST .50 cents.
Frank will never get his full Value of the 154 million shares of WNTR that Ludvik Holdings Inc. owns until the share price reaches .10 cents.
_______________________________________________________________
We are currently working to align Worldwide with a full-service investment bank that has the relationships and experience to help guide us to a listing on NASDAQ or AMEX in 2014. This would include a commitment for at least $30 million dollars to finance the planned acquisitions in 2014. The finalization of this relationship will be essential to our efforts of reaching a more expansive investment community and gaining institutional support for our securities.
There have been four announced transactions completed by the company to acquire more than $23 million in assets for the year ending December 31, 2013.
_______________________________________________________________
So now the countdown begins. The preferred shares go LIVE in 6 months from now.
The company is currently negotiating transactions that will provide for more than $100 million in revenue, with at least $5m in EBITDA, for 2014. This includes partnering on the lease of its oil and gas properties in addition to the employee leasing acquisition.
_________________________________________________________________
WILLIAMSBURG, VA, SEPTEMBER 6, 2013 - Worldwide Internet, Inc. (OTC: WNTR) announced today it is developing its oil and gas business and is currently evaluating opportunities that could provide more than $100m in revenues from the financing of operating rigs in the Gulf of Mexico.
_________________________________________________________________
Worldwide Internet to Acquire Solar Project
PLEASSSEEEE CLICK THIS LINK HERE:
http://www.cleanenergypipeline.com/download/CleanEnergyPipelineWeeklyReview291234413.pdf
Would a Scam company be featured in CleanEnergypipeline.com ?
No way.
(Marketwired - Oct 24, 2013) - Worldwide Internet, Inc. (OTC Pink: WNTR) announced today that it will be acquiring an interest in Pamlico Energy Park from Ludvik Holdings, Inc.
The Pamlico Energy Park is based in Camden County, North Carolina. It is developing up to Five MegaWatt (5MW) of Solar Power. The $10 million project will be 30% financed by Federal Government Credits, 35% financed by North Carolina State Credits and the balance from a twenty five year power purchase agreement from an A rated energy company.
The project is to be managed by one of the largest providers of energy solutions in the United States. They will provide the turn-key engineering, procurement and construction services for the project. The project will provide a significant asset and cash flow for shareholders for the next twenty five years commencing in 2014.
Frank Kristan, President of Worldwide Internet, Inc.?stated that:
"This acquisition will provide assets and cash flow for shareholder distributions. We continue to make progress on the transition to a diversified holding company. This continues on the path of our overall strategy to increase shareholder value and provide for distributions to shareholders."
The word on the street is that Dominion Power (D: NYSE)
will be managing this project. There is also an A rated energy company with a power purchase agreement in place, should financing be completed, and IMO it already is. We are just waiting on the Construction to begin, and a PR from Frank.
_______________________________________________________________
So there you have it.
Ludvik Holdings Inc. a diversified Holdings Company with REAL ASSETS. REAL REVENUES. ZERO DEBT. and DIVIDENDS.
Go Long on WNTR.
When you are buying at the last closing price of .0044, you are buying with a market value of $2,722,861 a/o Jan 17, 2014
The company has a possible 28 million assets, and ZERO DEBT, starting for Quarter 1 of this year, and possibility of adding 100 million or more in revenue for and 5 million EBITA by the end of 2014.
In the context of securities, market value is often different from book value because the market takes into account future growth potential. Most investors who use fundamental analysis to pick stocks look at a company's market value and then determine whether or not the market value is adequate or if it's undervalued in comparison to it's book value, net assets or some other measure.
This is why WNTR is severely undervalued right now at the current share price.
Go long on WNTR. Let things develop. Wait for the financials.
We are currently working to align Worldwide with a full-service investment bank that has the relationships and experience to help guide us to a listing on NASDAQ or AMEX in 2014. This would include a commitment for at least $30 million dollars to finance the planned acquisitions in 2014. The finalization of this relationship will be essential to our efforts of reaching a more expansive investment community and gaining institutional support for our securities.
_________________________________________________________________
DISCLAIMER: THIS IS MY OWN PERSONAL DD. DO YOUR OWN AND MAKE YOUR OWN INVESTMENT DECISIONS. I HAVE MADE MINE. I AM LONG ON WNTR.
I AM NOT AFFILIATED WITH ANYONE OF THE COMPANY, ANY NEWS SITE, PUMP SQUAD, INSIDERS, OR GROUP OF MANIPULATORS.
I DID THIS RESEARCH FOR MY OWN BENEFIT TO UNDERSTAND AND KNOW WHAT I OWN.
GO LONG ON WNTR IMO.
___________________________________________________________________
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