Replies to post #8377 on Mobilepro Corp (fka MOBL)

[investology]

The IPO is not a done deal as long there is no official SEC filing.
I guess the roadshow to get deep pocket underwriters is key
for a sucessful IPO and this can take months, the market has
to support the structure of the IPO (no word out).

I guess this was a quick shot of Jay like a few other things
like listing or Fortune 500 financing that never came to fruition.

I don´t value people for the empty promises I value people
for execution and fulfillment of their promises and this is
reflected in the share price.

Two pair shoes and Jay hasn´t learn his management lesson.

E-X-E-C-U-T-E

[stockdoc68]

Regarding your questions, an IPO is something that's far more within the issuing company's (MOBL) control than the Fortune 500 company's decision to finance MOBL is/was. Assuming BB&T thinks it's a good idea and can identify potential subscribers, than the IPO or another strategic alternative is very likely to occur. Jay's already stated that the main reason he thinks that Fortune 500 company backed out of the deal was because MOBL's business model was too confusing and lacked a pure-play objective. That Fortune 500 company would probably think a lot more of a Kite IPO than they did of MOBL and decide to invest in the Kite IPO.

As far as the next question regarding the immediacy of effect on MOBL's share price, it's my opinion that it would have a very big and immediate effect on MOBL's share price. Kite's getting IPO money would take Kite's expenses off of MOBL's balance sheet and provide a fair degree of financing to MOBL's bottom line. It kind of all depends on how they set the deal up, but it's definitely going to work out in MOBL's favor. The big thing to remember is that it's extremely low cost financing for Kite and reimburses MOBL for all the money they've put into the WiFi buildouts. If that isn't enough to please MOBL shareholders, then nothing is.

[hdsmonkey]

jmalroy I hate to say it but their ain't anyone going to invest in Kite if the mother ship is in subpenny land and thats where we'll be by the time they do the IPO.