Reality Wireless Networks (fka RWNW)

[ditch72]

RWNW 8-K out after close yesterday.

http://edgar.brand.edgar-online.com/fetchFilingFrameset.aspx?FilingID=4185415&Type=HTML

I have not had the chance to read though it too much, but there are a lot of posts over at RB.

Some details from the 8-K, but read the whole thing:
- sold 1,050,000 shares of newly designated Series B Preferred Stock.
-The Series B Preferred Stock was purchased by Steve Careaga on the same date in exchange for services rendered to the Company as President and CEO of the Company
-Thereafter, the Series B Preferred will have the same voting rights as the common stock of 1 vote for 1 share held and shall have rights to convert to common stock on a 1 to 500 basis
- voting on a 500 to 1 reverse stock split of the currently issued and outstanding common stock

Interested in what people here think.