Replies to post #48916 on 02 Secure Wireless, Inc. (OTOW)

[dreamaker56]

A buy back or F/S dividend. 1 free for ever 10 shares you own. With a record date set about the time the DTCC cuts OTOW lose

A buy back with a retirement would be great. I'm not a fan of F/S either. A F/S would technically be a good thing, but as of late, companies have been doing it way too much, to dilute during the freeze, and it's worked the opposite for share holders. For instance, when a company does a F/S, the symbol usually get smacked with a "D" and restricted trading for up to 20 days. Now in those 20 days, i've seen PPS go as high as 3000% (NOT JOKING) but the longs, or one's already with shares pre F/S, are stuck and cannot sell because those shares have been put on hold so the TA can receive new ones and send back old.

Now F/S shares are usually tradable after the 20 days. Dividend shares however, are restricted for a minimum of 6 months.

I have been thru F/S with 4 different companies, could name them for you, and none have worked out.

Just MO, but I'd prefer to see a buyback/retirement and reduction in A/S to show good faith.

[pete6]

Guess it did catch him by surprise, because he stated at one point he had no idea as to what happened and why we were on the trade for trade list. Like both your ideas though. Hopefully his desperation and inexperience will motivate him to take care of this problem a lot faster. Like most, I’m not in the least bit happy about it, but what can you do? We are over a month out with no news, and not a peep from the much anticipated Atlanta project launch. All is quiet on that DR bond, and has been for quite some time now. Palm coast was promised by the end of the summer, but not a peep there either. So now there is a new potential promise on the table. If he could just make something happen, we could possibly see some increase in the very, very low PPS, otherwise we will continue to see the word scam rear its ugly head.