SUBJECT: RE: RWNW is one good gamble???? stock symbol was RWLNE, then it changed to RWLN and now, after a 400:1 reverse split, it is RWNW. The company originally was involved in high speed inernet access for rural markets in norhtern California where DSL and cable service were not available. However, it wasn't profitable and so they teamed up with Genesis Electronics which, after years of research and develpement, had developed a small solar powered recharger for hand held cell phones that is more efficient than other similar devices and delevers maximum power transfer from its photovotaic cell. They obtained one million dollars in financing from an institutional source and have received a $2,700,000 order from Digital Wireless for their Sun Blazer mobile electronic power holster for cell phones. And now they are developing a Sun Blazer that will recharge iPods. http://www.stockhouse.ca/news/news.asp?newsid=2739716&tick=RWLN
They have just finished a 400:1 reverse split which they had previously announced http://www.stockhouse.ca/bullboards/viewmessage.asp?no=9534000&t=0&all=0&TableID=1 and as of 05-27-05 they have 1,011,937 shares. As I stated at the start, most stocks fall after a reverse split and this was no exception. What is the exception is that this looks like it is a solid company, and so the drop will probably only be temporary, and since there are fewer shares now, any buying pressure will tend to make it easier for it to climb upward. And so, all things considered, this could be a very profitable buying opportunity. After a reverse split stocks tend to drop steeply, but then level off and it is at that point that you can buy in. I don't know if we have reached that point yet and so I will watch it for awhile. Even though it is a gamble, I think that it is a good gamble. Prior to the split, the lowest it went (one time) was .0006, most of the time it bounced between .0012 and .0032, with one spike to .0042. Now with a post split price of .015 (one and a half pennies/share) that is equivalent to a pre-split price of 0.0000375, which is somewhat below its pre-split low of .006, and yet, if the mergers fall into place, it will be a stronger stock than it was at the pre-split price of .0042 which is over 100 times its present price. Previously, on the announcement of acquiring the company that makes Sunblazers, it went from .001 to .004 in three days and then settled mostly around the .002 level, until it did the kiss of death and did the reverse split. If it gives out some good merger news, the stock could take off so fast that it might be hard to catch the early up move, and once it goes up, it may stay up in the new range. If it keeps dropping and goes from todays price of .015 to .0075 I will buy some and not wait to see if it will drop any more, just to make sure that I have some in case it takes off. If it continues going down from there, I can always buy more. But if it did take off from there and hit or even passed its previous high, that would be a price 200x its present price. So a $2,500 investment would then be worth half a million dollars, and if it went on to new highs, the $2,500 investment could be worth a million dollars. And with this stock, I think that there is a possibility that that could happen. Most penny and micropenny (stocks below one cent) are in that range, ether because they have hundreds of millions or billions of shares, or because they are stocks of rotten companies. This stock, instead, seems to be a potentially strong stock. It is not often that you find something with these possibilities. Of course, though, it is still a gamble, because if the deals may fall through and the price could go from it's present price of .015 to .0001 It's up to you.
After the reverse split, as far as I could find out, the company ended up with 1,011,937 shares. Because of the fewer number of shares, volume has been really low since the split. But yesterday almost 3 1/2 million shares changed hands and today 1,345,317 shares traded, which means more shares traded today than there are shares outstanding and yesterday it was 3 1/2 . Could it mean that all the weak hands sold their stock and that the rest are now in the hands of people that don't want to sell? If so, the price may start climbing. If it was insiders that know that every thing is falling apart, then, well, watch out below. But if the stock starts edging up from here, then it could mean that everything is still proceeding as planned, and in that case, we may now start to see a price rise.
Posted by bond006 on :
star gazer this looks very interesting i am selling off some of my plni and iam looking to find a place to park some new investment funds. i will do some dd but looks real good
Posted by Bowes on :
Is there any way to find out if the CEO/ other company employees still own shares in the company?
Posted by bond006 on :
i think all we have to do is give them a call i am in now 100,000. i am watching and looking for anther entry point
Posted by bond006 on :
As of April 13, 2005, Reality had 420,170,702 shares of common stock issued of which 310,171,402 shares are currently issued and outstanding.
INTEREST OF CERTAIN PERSONS IN MATTERS TO BE ACTED UPON
No director, executive officer, nominee for election as a director, associate of any director, executive officer or nominee or any other person has any substantial interest, direct or indirect, by security holdings or otherwise, in the proposed amendment to Reality's Articles of Incorporation or in any action covered by the related resolutions adopted by the Board of Directors that is not otherwise shared by all other stockholders.
ADDITIONAL INFORMATION
Additional information concerning Reality Wireless Group, Inc. including its Form 10-KSB annual report for the year ended September 30, 2004 and quarterly reports on Form 10-QSB for the past quarters ended December 31, 2004 and June 30, 2004, which have been filed with the Securities and Exchange Commission, may be accessed through the EDGAR archives, at www.sec.gov.
Dated: April 15, 2004
By Order of the Board of Directors
Posted by net10708 on :
OK, so what are you saying Bond? Just curious.
Also, there are other companies out there too that are making money, like GRYF, and are totally dirt cheap. I don't mind looking at this stock, but I myself am not buying until I see concrete facts.
I too appreciate the DD done here. But I need to see it for myself.
Posted by net10708 on :
Also taking gaze at chart. Drops don't seem to profitable plays, but maybe I'm wrong:
i don't know what to tell you i am in this with gambling money if the mergers go through it will be something if not good by money if i get something solid i will post glta
Posted by STAR GAZER on :
About three years ago I suggested to Allstocks management that we start a $1,000 to $100,000 site. I said that we could have discussions on which stock(s) to buy and then with the $1,000 in mind, to buy one or more stocks. Then, during the year we would discuss which ones to sell and when/if we sold one, we would post the money obtained and then decide which stock(s) to buy with it. At the end of the year we would be able to show the trades made and the money that we ended up with. Instead it was set up where each week people would suggest stocks to buy, but there was never any specific portfolio made where we said this is what we decided to buy with our $1,000 and here is how it is doing, so basically it ended up being the same site as the micropenny site, and a while back the people that had been chosen to run it decided to abandon it. Since the site was my suggestion, I was originally asked by the Allstock management if I wanted to run it, but since I work full time and on different days of the week, including the week end a lot, I said that I would not have the time to be in charge of it. Since it has been abandoned, we can restart it anyway we want. If some one wants to make a portfolio with a make beleive $1,000 where we discuss stocks and then pick one to three to buy with the $1,000 and then keep track of them and decide when to sell one or more and then as a group decide which stock(s) to buy with that money. And continue to sell/buy for the year till we see what we end up with, then that would be interesting, but I have no idea how we would set it up so that we would decide which stock(s) we were buying. Maybe make a list of the stocks and vote on them and narrow it to the three with the most votes and then vote on those three and if one of them got over 50% of the votes we would buy it, or if two got over, say 70% then we would buy those two and if not then we would buy all three. But since I'm not sure how we would do that, I am putting $1,000 of my own money aside and I will use that as a real portfolio and keep it updated here. Everybody can add suggestions about stocks to buy and I will use them in my decisions. There are a lot of good stocks to choose, but since we want to turn $1,000 into $100,000 this portfolio will probably have to be from a somewhat speculative universe of stocks. So I have decided to start off with RWNW. The stock went from $.4 to .$002 and then after the 400:1 split it went from $.68 to a low of $.0035. So that means that it went from a pre- split price of $.4 to $.00001 The following chart gives you an idea of what that looks like. http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=rwnw&sid=0&o_symb=rwnw That means that even if it goes up by a factor of 100x (which would bring the $1,000 to $100,000) it would still only be at a pre-split price of $.001 And if the company comes through with any of the things that they are trying, then it has a realistic chance of getting back to that price. For the moment the stock seems to have formed a base in th .0065/.0035 range and so I have put in a buy order to buy the stock at .0035 I don't know if it will come back down to that price and even if it does, I don't know if my order will be filled. If not, I can always try for a different stock. (Of course, it come back down to the .0035 price and keep going down from there. If it does, I will have to decide if I want to sell at a loss.) I will keep you updated on what happens. If any one else wants to, they can also start their own portfolio and keep us updated on how it is doing.
Posted by bill1352 on :
good idea...i think the way to decide the stocks is a set of basic fundementals...o/s limit, income, history of pps.
i'll throw in HISC. not sure if the o/s would pass a limit test but it has a serious future & company willingness to buy back the o/s not r/s.
Posted by net10708 on :
For that 1000 to 100,000 club site, you could just use OTCBOARDS.COM It's very quiet right now.
Posted by bond006 on :
Thursday , July 07, 2005 10:00 ET
GIG HARBOR, Wash., Jul 07, 2005 (BUSINESS WIRE) --Reality Wireless Networks, Inc. (OTC BB: RWNW), announced today conversion of outstanding debt to equity.
The Company noted that holders of $116,000 worth of previously outstanding liabilities have agreed to convert these liabilities into common stock of the Company. The holders of the liabilities have agreed to convert into restricted stock at a price slightly above the current market price.
Steve Careaga, CEO of Reality Wireless Networks, noted, "We are delighted that these debt holders have agreed to work with Reality Wireless Networks to resolve the issue of these outstanding liabilities."
Reality Wireless continues to negotiate with debt holders in order to reduce its outstanding liabilities.
For further information, please contact Steve Careaga at 253-853-3632, or send correspondence to 4916 Point Fosdick Dr., Suite 102, Gig Harbor, WA 98335
This press release may contain "forward-looking statements." In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of such terms and other comparable terminology. These forward-looking statements include, without limitation, statements about our market opportunity, our strategies, competition, expected activities and expenditures as we pursue our business plan, and the adequacy of our available cash resources. Although we believe that the expectations reflected in any forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Actual results may differ materially from the predictions discussed in these forward-looking statements. Changes in the circumstances upon which we base our predictions and/or forward-looking statements could materially affect our actual results. Additional factors that could materially affect these forward-looking statements and/or predictions include, among other things: (1) limited operating history; (2) potential litigation with our shareholders and/or former or current investors; (3) unforeseen costs and expenses; (4) the consummation of any proposed business combinations and material agreements; (5) the ability to comply with federal, state and local government regulations; and (6) unforeseen factors over which we have little or no control.
SOURCE: Reality Wireless Networks, Inc.
Reality Wireless Networks, Inc. Steve Careaga, 253-853-3632
Copyright Business Wire 2005
Posted by STAR GAZER on :
I bought it this morning for .0035 and it's already at .0030 Hmmm.
Posted by Bowes on :
yeah, Ive been watching it too with nothing promising coming from it
Posted by bill1352 on :
i added HISC here at .024...it went to .045 & back into the .03's. a nice flip. it will dip into the .02's again unless big news hits for about 70% more shares on the next buy.
Posted by STAR GAZER on :
I have tried e-mailing the company using different e-mail sites that I have found, but all of them came back saying that the sites were not working. That plus the steady drop in the price makes me wonder what is up.
Posted by bond006 on :
Reality Wireless Networks Announces Letter of Intent to Acquire $29 Million Diversified Trading Company
July 13, 2005 09:55:02 (ET)
GIG HARBOR, Wash., Jul 13, 2005 (BUSINESS WIRE) -- Reality Wireless Networks, Inc. (RWNW, Trade) and Arabian Recab Trading Company ("ARTC") jointly announced that they have entered into a letter of intent proposing a merger whereby Reality would issue common stock for all the issued and outstanding shares and interests of ARTC. ARTC (and its predecessor organization) is a 25 year old Saudi Arabian company focused primarily on the transportation industry. For the year ended December 31, 2004, ARTC generated more than 111,750,000 Saudi Riyal (approximately $29 million USD).
ARTC operates four primary divisions:
-- Auto & Equipment
-- Transportation & Logistics
-- Private Transportation (Buses)
-- Building Materials & Concrete Products
The Auto & Equipment division imports and sells commercial vehicles from Mercedes Benz (among others), as well as commercial and passenger vehicles manufactured by Toyota, Mitsubishi, Hyundai and Volkswagen. ARTC sells through showroom facilities in Riyadh, Jeddah and Dammam. This division also supplies equipment to fleet owners and private dealers for auto maintenance.
The Transportation and Logistics division (Road Freight, International Freight Forwarding, Bulk Shipments) owns and operates nearly 300 tractor units (and similar equipment). ARTC has significant contracts with major firms such as SABIC, which is a leading global petrochemical company, HADDID, SAFOLA and others to carry goods within Saudi Arabia and throughout the Gulf. Additionally, ARTC has contracts with sole agents of Toyota, Nissan, Mitsubishi and others to transport new vehicles throughout Saudi Arabia and to and from other Arab nations.
The Private Transportation division operates approximately 250 buses (US School type) in Riyadh, Jeddah and Dammam (as well as other locations) under contract for the transportation of students, teachers, defense personnel and government employees.
The Building Materials & Concrete Products division operates concrete ready-mix facilities, cement block making, stone and granite crushing and polishing plants in Jeddah and Mecca.
Steve Careaga, CEO of Reality, stated that, "We are delighted to have the opportunity to engage in a merger with the Arabian Recab Trading Company. The opportunities in transportation, logistics and construction throughout Saudi Arabia and other Gulf states are tremendous. We expect that this merger will enable Reality shareholders to participate in a substantive company in a region and industry that should potentially see incredibly rapid growth over the next decade."
The companies intend that following the closing of the transaction, Reality will change its name to Recab International, Inc. The proposed transaction is subject to customary closing conditions, including approval from Reality's and ARTC's stockholders.
Separately, Reality Wireless Networks, Inc., and PeopleMatter, Inc., agreed to terminate their Letter of Intent, thereby canceling the proposed merger agreement between the parties, effective immediately.
About Reality Wireless Networks Inc.
Reality Wireless Networks, Inc., a publicly-traded Nevada corporation, previously offered broadband wireless services through hybrid networks including fixed wireless, 802.11, and fiber to markets either underserved or not served by DSL and cable modem technologies. Reality has shifted focus to seek growth opportunities in the wireless marketplace and related product industries ir@realitynetworks.com. More information about Reality Wireless Networks Inc. can be found at www.sec.gov.
NOTE: Information contained in this press release, other than historical information, should be considered forward-looking in nature and is subject to various risks or uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or expected. Among the key factors that may have a direct bearing on the operating results, performance or financial condition are the company's ability to achieve and manage growth; the company's ability to successfully identify suitable acquisition candidates, complete acquisitions or integrate the acquired business into its operations; the company's ability to attract and retain qualified personnel; the company's ability to secure necessary financing; potential litigation by shareholders and/or former or current advisors against the company; the company's success in securing third-party commitments, production agreements and/or licensing contracts; the company's ability to comply with federal, state and local government regulations and/or unforeseen changes in federal or and government regulation; and the company's ability to develop new services; and other factors discussed in Reality's filings with the Securities and Exchange Commission.
For further information, please contact Steve Careaga at 253-853-3632, or send correspondence to 4916 Point Fosdick Dr., Suite 102, Gig Harbor, WA 98335
SOURCE: Reality Wireless Networks, Inc.
Reality Wireless Networks, Inc. Steve Careaga, 253-853-3632 Copyright Business Wire 2005
Securities products and services are offered by E*TRADE Securities LLC, Member NASD/SIPC.
Posted by bond006 on :
well careaga was actively looking for a merger looks like he found one and dropped one it will work for me how about you star gazer
Posted by STAR GAZER on :
Going back over my notes on the company I realized that way back, when they were an internet company providing connections to people in rural areas, they said that the business was not profitable and that on evaluation, they had decided that they could not make it into a profitable business and therefore they would start looking for a good company/business that they could acquire or merge with. They first came up with Genesis Electronics that sold a state of the art, highly efficient portable solar battery charger that could be used for continuous charging of cell phones and portable PC's. Sounded good, but the devices cost $35 and how many people would want to buy them. In the end, they decided not to merge with the company and decided instead on People Matter, a much better company, but I guess they also were still looking at other possibilities and Arabian Trading Company has multimillion dollar sales and the possibility for good growth. So if they do merge with the company, they may actually start making money and their price may actually do very well. Tomorrow and for some time to come after that the price may go back down untill a merger agreement is finally announced. I recently bought in at .0035 and saw it rapidly go down over 50% Before the stock did the 400:1 split I bought in at .0022 and then just before the split sold it at .0022, so I didn't lose +99% of my money with the post split drop. Tomorrow I may sell again if it starts dropping and try to buy back in at a lower price or I may just decide to take a chance of losing my money by not selling, because if they do announce the merger in the future, the price could jump so fast that I might miss getting back in. Today the price went up 133% on a volume of 98 million shares, which is interesting because from what I can find out, they only have 1 million shares outstanding. From the pre-split average price, the stock is down +99.9%, so it has almost gone down to zilch. However, if it did merge ARTC into its company and started making money, then if it went back up even just a ways to its previous price, the percentage gain would be so huge that I could literally retire. So I will probably get back in even if I decide to get out tomorrow. These micro penny stocks do make for some interesting rides. I did try e-mailing the stock a while ago using the e-mail address listed in today's PR, but it also came back saying the the message did not go through. Has anyone been able to find an e-mail site that works. My wife will not let me call the companies that I research. There are phone numbers listed in some sites, does someone want to call and see if the people can give us an e-mail site or maybe they are in the process of putting together a new site. Thanks in advance. This seems to be one of those rare opportunities where, even though there is a strong probability that you will lose all the money that you put into the company, there is an also even possibility that if things work out, you can make so much money that you will never have to worry about money again. These situations are almost exclusively found in penny stocks. That is why I like to put some of my money into penny stocks, and anyway they are fun stocks to play.
Posted by Trader88 on :
In for 1,100,000 shares today. If this merger goes through, this stock could end up being worth a great deal of money. I believe this merger will go through, CEO has been looking for an opportunity for a long long time. And the price has fallen to a rediculously low level. This could be the opportunity of a lifetime folks, for those of us who are in it.
Let's keep this discussion going because I don't believe there are any other forums (at the moment!) discussing this stock.
I plan on staying in until solid merger news comes, no matter what the price goes to.
Any comments on the timeframe for the finalization of this merger?
Posted by Trader88 on :
Star Gazer, have you looked at the filings on this? If so, you would know there are a lot more than 1 million outstanding. Go look at the s-8's filed in the last two months. Don't just take Yahoo finance's word for it, it is wrong.
But, this dilution might and probably is part of the plan to get everything ready for a big merger.
Even with the current shares out, I estimate that as of yesterday the market cap on this company was around half a million dollars.
When they own a $29 million dollar company, I'm sure that market cap will be much higher, that's why we have a hundred bagger here if this goes through.
Posted by Trader88 on :
Wow, looks like this is going back down to where it was before yesterday. Well, I have my ticket, I'll lock it up in a drawer and redeem it when they decide to put on the show.
Posted by metal1 on :
the only problem with this company is they currently have 0 revenues and 0 cash. all activities are financed with stock. so this merger will cause massive dillution considering they don't have one cent to the company name. filings are on sec.gov. even if they do merge, who knows if the other company is any good. revenues don't mean anything by themselves. if this merger was anygood the stock would have moved already. i have been known to be wrong of course.
Posted by STAR GAZER on :
Trader 88 thanks for the info on finding the # of shares. I tried going to the SEC site, but couldn't figure out how to find the company, but you reminded me that the Pink Sheet site lists SEC filings, so i will go there. I tried e-mailing the company at a new e-mail site I found to ask them how many shares they are going to issue to do the merger, or if they are going to do it some other way, but again it didn't go through.
Posted by STAR GAZER on :
Eyep, Ima still aholding them thar shares. By the time I freed myself from work, the price had gone from .0039 to .0022 and then started edging up slightly. Last night after the market closed, I had debated putting in a day order for today to sell at .0036 which would have covered the cost of buy/sell commissions and left me even, but I still remember the climb that the stock had way back before the 400:1 split, when they announced their possible merger with Genesis Electronics. People were so happy that they were getting out of the rural high speed market and possibly merging with a company that would give them a positive cash flow, that the stock climbed for several days and eventually reached .0042 from a low of .0006. .0042 may not sound like much, but remember that it was a pre-split price and that would translate into a price today of $1.68 vs our close of .0025 And the company is just as strong today as it was then. If this present merger actually goes through, then it will be even stronger. We had large volumes on the uprise back then. If, every thing fell into place and the stock started rising, and if it reached to the dollar range or higher, institutions would be allowed to buy the stock, plus the company could apply for an American Stock Exchange listing. If it just went to $1.50 from .0025, then $1,000 would end up being worth $600,000 Sucks, with that kind of money I could afford a steak dinner at Ruth's Crisp Steak House, and even throw in going to a movie afterward. In the mean time, this stock has a history of going down, way down, between announcements, so it may continue dropping. On the other hand, if the principles involved become convinced that the merger is going to go through, they might start buying shares for themselves and family members and the price could start climbing. If it does start climbing, against all the previous history of falling after an announcement, then something may be in the works.
Posted by Trader88 on :
quote:Originally posted by metal1: the only problem with this company is they currently have 0 revenues and 0 cash. all activities are financed with stock. so this merger will cause massive dillution considering they don't have one cent to the company name. filings are on sec.gov. even if they do merge, who knows if the other company is any good. revenues don't mean anything by themselves. if this merger was anygood the stock would have moved already. i have been known to be wrong of course.
Only an insider would know if the merger is any good or not.
Of course there will be further dilution, but if this new company is good the stock would still rise considerably. Look what happened to SPEA, the Elvis stock, you could have bought that for 10 cents back in December and it has gotten in the $20 dollar range since then, even with hardcore dilution.
My thoughts on the dilution of the last two months is this: Read the filings, the company is giving out stock to “consultants”, etc. Why would they agree to accept stock in lieu of cash unless it was going up? Looks like preparation for merger to me, and everyone involved is going to end up getting paid handsomely later by taking stock now.
The current stock price is POST 400:1 reverse split, and it has gotten all the way down here after that split. The current price is about as low as it can get, about .00000625 (pre r/s level).
Let’s assume that there are even more shares out than we know about. Say there are 500,000,000 outstanding. At today’s price of .0025, this company would have a current market cap of $1.25 million.
Now, this company is about to merge with a company bringing in $29 million in annual revs.
It doesn’t take a rocket scientist to figure out that if this merger takes place, this stock has nowhere to go but up.
Sure, at this point all we have is a letter of intent. But if and when the merger is finalized, this will be a penny stock in the teens or better, guaranteed.
Lotto play? Maybe, but I’m happy with my ticket.
Posted by Trader88 on :
Just emailed the T/A to get clear about the auth, o/s and float.
I'll let everyone know what she says.
Posted by STAR GAZER on :
Star Gazer, that's only one of the s-8's. There are two others recently.
Even if the o/s ends up becoming all of the authorized (500,000,000), that still brings it to a market cap of only $1MM.
Still very very very cheap for the stock IF they end up acquiring this Saudi company.
If the Saudi company is any good, the stock could see a $100MM dollar market cap, which would shoot the price up 100 times what it is now.
In other news, I have not heard from the T/A today. If I don't hear from them by next week, I will call.
I am trying to find information about how long it takes a merger from the Letter of Intent stage to completion. I've done a web search on the Saudi company, and it does exist, but I can't find out any financials on it without paying $100 bucks, which I'm not going to do right now. But from what I can tell, the company is real.
Let's just hope the merger is real.
Posted by Trader88 on :
LONDON, 21 November 2004 — Abdullah Al-Bajadi Al-Shahrani, executive president of the Riyadh-based Arabian Recab Trading Co., recently signed a contract to acquire 30 percent of the share capital of Amenni, which is a pharmaceutical and nutraceutical holding company with three subsidiaries. The subsidiaries are Iceni Animal HealthCare, Omni Nutraceuticals and Bionovate R&D, with distribution throughout Europe and the United States.
The group specializes in the development, patenting and marketing of naturally sourced products that help in reducing the severity of some of the world’s major diseases. Current products treat asthma, arthritis and heart disease. The group also has a very strong new product pipeline.
Posted by Trader88 on :
What's interesting is that our merger candidate would be on that list, if they just had a few million more Saudi Riyal in revenue.
Posted by Machiavelli on :
if you believe that buying $1,000 worth of this or any stock and that it will become $100,000 in one years time.. you are not living in reality...
Posted by Trader88 on :
Sorry, but shells can and do, examples SPEA, SXML. For all intents and purposes, this is a shell. And not just shells, look at TZOO. There's a whole list of stocks that have gone up 30 to 100 fold, and even more than that. The trick is finding them when everyone else thinks they're still crap.
I am living in reality, I never said this stock WILL, I said it COULD. If you don't like it, buy something else.
Posted by Machiavelli on :
Just because the name of this company is Reality doesnt mean you are living in it.. have you looked at a chart of this stock? it has dropped in price tremendously since the beginning of june.. from a price of like .67 per share down to the current price of .0021 ... it has only 2 employee's and 1 year sales down 46% ... it has only 399,000 shares outstanding which is one reason this stock doesnt move much in price.. that my friend is called Reality... and i highly doubt you have or ever will make a $1,000 investment in a company turn into $100,000 in one years time.. in this stock or any stock.. if and when you do make $100,000 from one and only one stock from a $1,000 investment.. let me know then i'll believe your reality... but anyways just my opinion and only time will tell... and if you do not like my input or opinion there is nothing saying that you have to reply to it... ...
Posted by Trader88 on :
Exactly right, only time will tell. And, as a matter of fact, I sold shares of GVRP recently for a 100X gain. So, yes, I have done it before.
Posted by Machiavelli on :
so you are saying you made $100,000 on one stock from a $1,000 start in one year or less? from GVRP i mean....
Posted by Trader88 on :
UPDATE:
Just got an email back from the T/A. Here are the numbers:
Authorized: 500,000,000 Outstanding: 161,640,133 Restricted: 17,150,772 Float: 144,489,361
Posted by Trader88 on :
quote:Originally posted by Machiavelli: so you are saying you made $100,000 on one stock from a $1,000 start in one year or less? from GVRP i mean....
I'm saying that I made a 10,000% gain on the shares I sold, I didn't sell all of my shares. I still own shares of the new company MAMG. It has not begun trading yet.
Posted by Machiavelli on :
that still doesn't answer the question.. have you ever made $100,000 from a $1,000 investment in one stock only in one year's time or less? ... and if you want to buy spinoff's... consider AMP which will trade in September.. its a spinoff of one of American Express's divisions... the financial planner's division...
Posted by Trader88 on :
Simple answer: No But there's always a first time.
Posted by Trader88 on :
Outstanding 161MM, this stock is going to rock, just a matter of time. $339,444 m/c at todays closing price.
Posted by Vlad4 on :
It's been very slow.. not much movement on RWNW. Any news out there?
Posted by Trader88 on :
Down to pre merger news levels. The price will most likely be here or lower until more definitive news comes. I'm accumulating more down here.
Posted by Trader88 on :
Something's been bugging me about all the S-8 filings. If the company is going nowhere, why are people taking RWNW stock for payment of services?
If I were an S-8 beneficiary, I would be looking for the stock to go up, not down in the tank.
I think investor sentiment is all wrong on this one, something good is going to happen here. The only question is when.
Posted by Vlad4 on :
So Trader in your opinion, it's wise to hang o to it for awhile? Everyone seem to abandon this thread and/or the stock.
Posted by Trader88 on :
Seems that way, but watch them all come back after this thing pops, they'll be all over it like flies on....well, you know.
I don't know about anyone else, but I am loading up here!
Posted by Trader88 on :
The sign I'm looking for now is insiders buying the stock. You can't tell 100% if it's insiders, but I'm looking for small rises in price and accumulation "off the radar".
I think that will start happening soon, and when it does, it's a good sign that we're going higher.
Backing up the truck as we speak...I think we struck bottom yesterday. All the daytrade sellers are gone, if there were any left. The only way is up from here.
Expect the price to rise from now on.
Posted by Vlad4 on :
Yeah I totally agree with you, there is no reason for it not to go up. Sings are there, I'v been loading up in the last few days as well. Let's see what happens.
Posted by Trader88 on :
Hey, at least we are green today (so far). Can never complain about being green. Green means the sellers are officially gone.
Posted by Vlad4 on :
Yeah, it's been green all morning. Let's hope it continues
Posted by Trader88 on :
I'm looking at the Level 2, 1,000,000 shares @ .017 at 11:12:51. I think that might be a mistake, or someone who thinks this is going over 2 cents tomorrow! (It will get there soon enough anyway)
[ July 19, 2005, 12:19: Message edited by: Trader88 ]
Posted by bond006 on :
trader88 i am still here and holding have not had anything to say i enjoy you input and dd you bring strenght to the post i do agree with you very much on one subject if nothing is going on why would there creditors be taking stock to pay off debt. glta
Posted by Trader88 on :
I really don't understand who would be selling here. Someone is filling all those MM's on the bid at .0015. OK, I guess we're going lower. Gotta have nerves of steel to be on this ride.
Posted by Trader88 on :
15's all gone, now let's see if they start eating away at the 14's. Damn.
Posted by Trader88 on :
7 MM's lined up on the 0014 bid, none of them touched yet. We need some buyers!
Posted by Trader88 on :
Just wait until these shorts need to cover. We'll have our day.
Posted by Trader88 on :
There they go again, someone eating up all the 0015 bids, millions of shares. Is someone shorting this? Unbelievable.
Posted by Vlad4 on :
Yeah, it is unbelievable!
Posted by Machiavelli on :
quote:Originally posted by Trader88: Just wait until these shorts need to cover. We'll have our day.
You still have faith in this one lol.. number #1 rule in trading.. never fall in love with a stock...
Posted by Trader88 on :
Machiavelli, I decided to play this one and keep it no matter if it drops or not. I'm in it till it pops. I don't play every stock the same way, and I don't win every time. I'm sure you don't either. This is a long shot that I plan on keeping until it moves big, which it will.
This is one of those "all or nothing" type plays, sure it would be nice if it's the former, but I didn't bet the farm on it. Just a fun little play which I think will take off. Nothing more, nothing less, and I'm definitely not in love with it (Unless it goes to .30 cents, of course)
Posted by Trader88 on :
Oh, and one more thing: If there are shorts, which I think there are, they will need to cover, and when the buying comes, it will make the momentum that much stronger. Are you in Machiavelli? This is a fun stock, you have to admit, even if it is down 54% from last Wed, LOL.
Posted by Trader88 on :
Did I mention that the chart has formed a double bottom? Could get interesting here very soon, don't give up Machiavelli, WE WILL BE VICTORIOUS!!
Posted by Machiavelli on :
just don't become like the Qbiddians ... they still believe in live long and prosper for the Qbid stock lol ... i still laugh when they say it will be $10 a share by the end of the year...
Posted by Trader88 on :
Speaking of live long and prosper, Scotty died today.
Posted by Trader88 on :
RWNW being naked shorted, on the list, buyins dot net.
Posted by Trader88 on :
Machiavelli, I don't believe this could be a $10 stock, but a 15 cent stock yes, definitely. And maybe a bit more if it gets the right momo going. This is not QBID by any stretch of the imagination.
Getting in at these levels before a big merger could most definitely produce a 100 bagger. I've seen it happen many times before, patience my friend.
Posted by Trader88 on :
Huge S-8 filed today. Could only mean one of two things:
1) This stock is going into the tank.
2) The merger is huge, and the stock is going to rocket.
Posted by Trader88 on :
Gap up tomorrow, EOM.
Posted by Vlad4 on :
so predictions good for tomorrow?
Posted by GVMOORE on :
IGTN may be the winner. Check it out. What am I missing.
Posted by Trader88 on :
Let's just say we are going up from here.
Posted by Trader88 on :
Gap up on Monday!
Posted by bond006 on :
trader88 what we really need is some tnt pr for this to add to rwnw credability
Posted by Machiavelli on :
Blind Faith.. ::: shakes head ::: ....
Posted by Trader88 on :
quote:Originally posted by bond006: trader88 what we really need is some tnt pr for this to add to rwnw credability
Who knows, maybe you'll get your wish pretty soon. TNT pr, kaboooom!
Posted by Trader88 on :
Changed my mind on this today, sold for a loss and moved all the proceeds into BCIT. Hint: Check out NNNC. Good luck to anyone still in, I hope you get your 100,000 to 1.
Posted by Vlad4 on :
Pretty bad sign when Trader got out. We'll miss your DD. Seems like this stock is heading no where but down lately.
Posted by bond006 on :
if what they said pans out it will be a winner they have had 2 mergers in the past fall thru but you never know
Posted by Vlad4 on :
Yeah, that would be nice. Any good news would be nice now to re-ignite the interest in this stock. There is no volume, no interest.
Posted by Vlad4 on :
WOW! we are moving today, what's the news out there?
Posted by Vlad4 on :
Am I anjoying this all by my self? or....
Posted by bond006 on :
no vald i am with you and i don't know why this is going up no news that i can find
Posted by Trader88 on :
Wow, one whole day since I got out, and BOOM. The story of my life, good luck guys.
Posted by Vlad4 on :
sorry trader, Hopw you didnt loose much on it, I can't find any news why its going up.
Posted by Trader88 on :
Could be insider buying knowing the merger is real. argggg, all that DD for nothing, well I hope you guys get rich. I'm in BCIT now, another fun one, hehe.
Posted by Trader88 on :
Man, this is crazy, why the hell did I sell? Up over 100% on no news, now I'm feeling very pissed.
Posted by Trader88 on :
You guys better be careful here, remember all that S-8 paper? Wouldn't be surprised if they start dumping it on this run. Just be cautious, it needs to be dumped sometime.
Posted by bond006 on :
RWNW: Reverse Merger Agreement w/ Arabian Recab
Wednesday, July 27, 2005 13:32 ET
Reality Wireless Networks Inc (OTCBB: RWNW) filed an 8-K and disclosed that on 7/21/05, the Company and Arabian Recab For Trading Co entered into an agreement to merge and to rename the Company, "Recab International Inc." The agreement provides that all of the shares of common stock of Recab International issued and outstanding at the time the merger becomes effective will be converted into common stock of the Company such that the current holders of Arabian Recab common stock will hold 98% of all shares of the common stock outstanding immediately after the closing of this merger transaction. The agreement may be terminated at any time prior to the Effective Time by written agreement; by Arabian Recab for breach of any of the representations and warranties or covenants, if such breach is not cured within thirty days of written notice; by the Company for breach of any Arabian Recab representations and warranties or covenants if the breach is not cured within thirty days of written notice; by either party upon completion of due diligence.
Posted by STAR GAZER on :
I'm still in. 164.5 millionshares traded and up 83% I haven't looked up my notes, but I think that that is about how many shares are out standing, but even if there are several hundred shares outstanding, that is still a good percentage of shares that trade hands today. Will have to see what happens in the next few days.
Posted by bond006 on :
lets hope we hear more on this during this week i hope we don't have just another storie with no results again for mr carejaga
Posted by Vlad4 on :
Any one is still in?
Posted by bond006 on :
i am still in vald but like i said from the beginning it is only gambling money for me on this one stargazer is the one who has done a lot of good dd on this co it just may happen two mergers before have fallen apart. thats why if this does go boy will it run imho
Posted by Vlad4 on :
when is the merger news expected?
Posted by evokiosk on :
I'm in for 500,000 shares. If it goes up half a cent , great, if not, so what,... it's a gamble. It's more expensive to drive to AC, get a room, gamble and buy drinks. =)
Posted by Vlad4 on :
LOL, good poin evok
Posted by Vlad4 on :
the house is winning though...
Posted by STAR GAZER on :
108 million shares traded today, and most of the volume in positive territory, plus ended up 18%
Posted by Vlad4 on :
over 16 mil were sold over last few min, someone knows something?
Posted by directorX on :
This stock is going nowhere fast. I'm with evok..pin money that would otherwise be spent at the Turning Stone on the 5c machines.
Posted by ravioli on :
I hope this will be good lost $$ on uvcl- spci
Posted by Vlad4 on :
Man it's dead over here... Anyone sees anything happening in the next few weeks with this stock? or..
Posted by Vlad4 on :
There are a lot of big buys coming through this morning, volume is big too. maybe something will finally happen.
Posted by Vlad4 on :
Wow, what a day today, even I'm just talking to my self on this thread, its still exciting!!!!
Posted by STAR GAZER on :
If it goes back to .0009 I will double up. Wow, talk about exiciting: I was arguing with this really dorky looking guy and getting louder and louder, when my wife got upset and told me to get away from the mirror. Ha, see, I'm also a pro at talking to myself.
Posted by STAR GAZER on :
Up 30% today on 98 million shares, almost 1/4 of the entire # of shares. I chickened out when it went down to .0009 on the 8th and didn't double my investment, and now its up 144% in a week. Eventually it could go a LOT HIGHER. Wouldn't be a bad idea to put in a good till cancelled order to buy more at .0010
Posted by Vlad4 on :
yeah, star cant believe the # of shares traded. Hope we break 3 finally
Posted by STAR GAZER on :
Almost 46 million shares traded and it closed up on the day. Volume has been huge for a week. Supposedly on 08/12/05 it hit an intraday high of .0030 I don't think that I will be able to double up at .0010. Doesn't look like it will go back down that far. Could be that news is on the way. By saying that you hope that we finally break 3 did you mean $3? Now that would really be nice.
Posted by evokiosk on :
Man,... I wish I got in on BCIT about a month ago...........crap! =) Any idea if this merger is going to happen or when? I know everyone probably knows the same stuff but just checking. I looked up the recent "E" at the end of RWNW(E), I read that it meant they were deliquent on filing some of their SEC forms? How does anyone think this will affect their price? I'm asking all these questions so Vlad4 doesn't have to talk to himself. =) (just kidding vlad).
Posted by Vlad4 on :
its been very slow lately... I did notice the E too evok, so far it seems price is not affected to badly.
Posted by AI on :
First I’ll apologize if this information has been posted before.
When doing my DD I’ve noticed something quite interesting. Let me lay it out for you.
RWNW owned by Steve Careaga
Arabian Recab Trading is in merger agreement with RWNW
Arabian Recab Trading acquired 30% of Amenni which is a drug company in Florida.
Amenni merges with Nannoca, Inc.
Nannoca, Inc. (NNNCE.OB) is owned by Steve Careaga.
Amenni is also going to merge with Distributor Bioceutics
Small world huh? Many links below to support findings.
2004 ART acquires 30% of Amenni July 13, 2005 RWNW announces merger with ART July 21, 2005 Nannoca merges with Amenni
Interesting time line? Now Amenni looks to have some very interesting products in the pipeline and could be a nice breakout stock. But how will this play out? Once RWNW and ART are one, will they acquire the other 70% of the new Nannoca and Amenni company, or will they still be two. If two, should we own both? If one, which will be the parent company?
Is this all a pump and dump? Or is it keeping everybody intermingled so each is assured of forward movement without being left out?
I’m posting this to both board here and hope for some cross talk. Perhaps someone can set up a board for cross talk between the two entities.
No news yet on the acquisition, but if we hear something the stock could take off. In the last month it has bounced between 0.0012/.0018 with one spike to .0032 Today it dropped to .0012 on large volume and then moved up to close at .0017, a 40% rise from .0012 In the morning I am putting in a buy order at .0012 And then I am going to trade it. So far I have always been a buy and hold type of person, but looking at the swings of these penny stocks, I have decided to trade half my holding, but hold on to the other half so that I won't miss out if there is any huge jump in the price of the stock on news. If I get it at .0012 I will immediately put in to sell 1/4 at .0018 If it keeps going past .0018 I will watch it. If it stalls, I will sell another 1/4 at .0016 or better. I will then put in to buy again at .0012 IF I get in again at .0012 I will then have increased my number of shares and I will put in to sell 1/2 again. But even though I am putting in to sell 1/2 again, I will be left with more shares. The buy/sell points may vary depending on how the stock is doing. If it is doing good I will keep on increasing my number of shares without putting any more money into the stock. Of course if I buy in at .0012 and it keeps dropping, then I will loose money. However I will keep close watch on the stock and the company news and so I think that the odds are that I will do better than just buying and holding. I think that it is going to be fun seeing what happens. This is a VERY VOLITAL STOCK. You might want to try this, or do make beleive paper trades and compare how you would do with buy & hold VS trading the stock.
Posted by morehotair123 on :
amep is going to make people alot of money do your dd now before it runs hard again
Posted by bmaxingout on :
morehotair123 looks like you made a good pick out of amep
AMEP did very well today and will continue this company will out do everything that tnog has done once they start drill into their own land in the barrnet shale with their own drilling rig this will bring alot towards my 100,000
AI im with you on rwnw this news about the merger will push the pps up but imho rwnw is a swing play that should be approached with caution
glta
Posted by directorX on :
bmax,
I did my dd on rwnw and came across this on another bb. Talking about a r/s 400:1 rwnw. Follow the link below and see what you think.
The RS happened back in May.
Posted by bmaxingout on :
well i dont feel that the rs is a big deal on this company mainly because im just playing the swing.it looks like there could be some good upside here.other than that i havent done much dd on this what i feel is worth looking at is the merger this could push the pps up quite a bit.the could result is some cash flow and that is always good for any pink sheet company. the thing that strikes me funny is a wireless networking company buying a stone quarry hmmm but green is green and if the volume conitues ill be buying. rwnw had a red day today so ill be keeping a close eye on this this of course is jmho and if you wish to go long be sure to do your dd good luck bmax,
Posted by AI on :
To me it breaks down to this.
Steve owns RWNW and NNNC. Both of which are consulting companies and RWNW does not do wireless any longer. Arabia Recab Trading (ART) will merge with RWNW and also owns 30% of NNNC at the moment. One thing i know for sure, and that is the Saudi’s don’t loose money, but only make it, so if they are involved it is to make money.
Arabia Recab is a privet company thus they do not trade on any market so no current stock can be diluted. Currently ART generates $29 million now and $7 million from the quarry, and $25 million from the ARCO Tel.
Steve goes to these guys and makes a deal whereby ART will buy RWNW and ART buys into NNNC. This keeps the circular family network in place so everyone work in tandem.
Now what do you think a $60+ million dollar company that has been in business for 25+ years warrants for their stock? Now the new company, Recab International, will own this new lucrative stock that they bought for pennies on the dollar (and any cash was to keep it nice and legal).
Steve makes out by keeping some of the shares himself that he will sell later and perhaps some upfront cash.
Knowing the Arabs, their friends and family are buying the stock like crazy also. Then with all this new money, they go out and buy into NNNC and do it all over again.
At the end, everyone is very wealthy. VERY!
$5,000 investment = 2.5 million shares of RWNW * $4/share after the acquisition = $10 million!
Do that again for NNNC, but kick it up to $1 million investment!
Man, you have just got to love it. Best part is, it is all legal and not insider trading as all of this is on the wire. These are viable companies with assets that ART is buying. Nothing out of the ordinary.
~AI
Posted by bmaxingout on :
wow i never even looked at it that way but you are very right great post AI keep up the good work,looks like i might be going from swing to long.sounds like a good way to make money bmax
Posted by Poseidonism on :
AI, in your opinion, what kind of a time frame do you think we're looking at for this acquisition/merger?
I have no problem with a long term investment, just wondering what you guys think we are looking at for time.
Posted by gm on :
I just loaded uptoday....watch it this whole week
Posted by STAR GAZER on :
gm, you have the right idea. Previously, whenever it hit this area, the bottom fell out and the stock took a swan dive, but now it is holding steady and even climbing higher. I just cancelled my GTC buy order at .0013, and tomorrow morning, if it isn't dropping, I will put in a buy order at the asking price.
Posted by STAR GAZER on :
GEEZZZ. This morning I got up, took a shower and looked up RWNW. Whoa! Was .0032 Bid/ask was .0032/.0033 Quickly put in a buy at .0033 looked at bid ask .0033/.0034 I decided that I wouldn't be able to buy it at .0033 because it was in a strong upmove and I wasn't going to let get awayfrom me again. So I put in a buy at .0035, looked and it was .0034/.0035. That sucker was moving. Tried .0037 looked: .0036/.0037 Tried .0040 and got it. Just for the heck I immediately relooked at the bid/ask and it was already .0040/.0041. I've never seen a stock move so fast. Turns out that that was the high for the day and has backed off some since then, but not too much. Over $500,000 traded so far today. That is serious money, hopefully somebody knows something and is trying to buy in before a major announcement is made.
Posted by STAR GAZER on :
Has backed off 25% since I bought it, but long term this is going to go up like a rocket. Part of the Saudi family now and they have deep pockets. http://spiraltiger1.tripod.com/RWNW_ROCKET.html Posted by AI on :
Looks like i was wrong. Nannaco (NANN (was NNNC)) was micro the other day and now opened at $.25. This is strange though as there seems to be no news at the ticker change or the apparent successful merger and it shows a previous close of $.56. I have to have the ticker wrong!! If NANN warrants even todays close of $.22 and they lose money, RWNW should, after the merger, open in the dollars as ART makes money. And todays news is 300% gain in quarterly profits without the added quarry or telco. *IF* NNNC did become NANN due to successful merger, then the timing would be soon i suspect for the RWNW merger.
~AI
Posted by bmaxingout on :
rwnw = lots of money on the way
Posted by Dave007 on :
NNNC become NANN..via a 1:400 R/S
09/20/2005 NNNC Nannaco, Inc. Common Stock NANN Nannaco, Inc. New Common Stock 1-400 R/S**
and now headed down again...
Posted by AI on :
yup, scottrade had it. thought i posted that here, perhaps it was just over here..
~AI
Posted by AI on :
quote:Originally posted by Poseidonism: AI, in your opinion, what kind of a time frame do you think we're looking at for this acquisition/merger?
I have no problem with a long term investment, just wondering what you guys think we are looking at for time.
With their next quarter is ending September, so i would think it to be around then, but i'm not aquatinted with the particulars of the deal, so it is hard to estimate time.
~AI
Posted by MrsRuth on :
I am soo lost in this I have both NNNC(NNAN) and RWNW.......... I'm still trying to find my clothes I lost on the NNNC (NNAN) now what gonna loose shoes hat n coat? Help?
Posted by AI on :
MrsRuth,
I'm heavy in RWNW only because they are going to merge with ART; a company that already makes money and has proven so over 25 years. (if) When the merger is done, the stock should be worth a good bit.
NANN is only owned by 30% from ART and is merging with another company. This has potential, but i don't see as much upward as RWNW does near term.
Please do own DD.
~AI
Posted by MrsRuth on :
It was the back and forth talking about NNNC and RWNW I coulnt tell who or what was being talked about on this thread and since I was trying to read during play time here it all ran together for me..... Thank you for your reponse.
Posted by STAR GAZER on :
news on the completed merger would go a long way...
~AI
Posted by YellowSubmarine on :
FYI: There is an RWNW Board over on SiliconInvestor also, if anyone wants to add a comment there.
.
Posted by STAR GAZER on :
RWNW has been moving up for two weeks.
Posted by STAR GAZER on :
Has been stuck in the .0017-.0026 range for quite a while, but a post on another board says that the 2% that we get of the merged company works out to ~ an 1:11 reverse split and since the new company will have profits of a minimum of 25 million dollars next year, that works out to $6 a post split share. So if you have 111,000 shares now, post split you will have 10,000 shares and at $6/share that = $60,000, even if it was only $0.60/share, that would still be $6,000 and at a present price of .0022, you could buy 111,000 shares for $244 + transaction costs. http://www.stockhouse.ca/bullboards/viewmessage.asp?no=10807064&t=0&all=0&TableID=0 Posted by baco100pippers on :
hello I am a Spanish investor of many in Nannaco(nann) and we are more looking for people who also have been swindled by the Careaga bird. This action is a trap and I think that rwnw is equal. This action does r/s and S-8 so that it arrives at a point in which it is had less than an action and of this form you let be shareholder. Single Nannaco lives on rumors, first Network alert, later Nazz productions and now Amenni. That also concerns Rwnw because it is property of the same bird. We are few that we want to put to the bird in carcel and that has an equipped affluent companion. My English is basic, if somebody wishes to answer to me please that it does it in English normative or Castilian if it knows. Also I am in Ragign Bull http://ragingbull.lycos.com/mboard/boards.cgi?board=NNNC Luck to all
Posted by tilt on :
so when is this reverse split suppose to occur???
Posted by TrustMe on :
hello TrustMe, I explain our problems to you with Steve Careaga, a small summary: In but present... we lived r/s on nann and saw like to after doing it to 1:400, closing in 0,0014 she had of to abir in 0,56 and she did it in 0.017; days to later remove to shine s-8 with the injection of 15.000.000 of actions to distribute dwells between to their advisers, (excrement of advisers goes) and asi will continue making those businesses coast ours until somebody stops the feet to him. Coat one even 18 notifies the of for October of 2005 saying that it was completing details the fusion. before the S-8 the Spanish investors we had dwells of the 30-40% of the actions of Nannaco, and I create q now I know because this S-8 became; to another thing is that 15.000.000 million actions plows injected and was days of 3-4,000,000 million volume and one company that have 1.250.000 actions cannot move that volume, where they plows now those 15 million. Another thing I say to you and under that they see you ace we plows it is that many of U.S. to to recover to their Nann investment would have to be worth "4$", already dog imagines ace we plows, having invested of thousand dollars buying and accumulating...... It is an upsetting and in the single SEC they say that they cannot say to U.S. nothing to U.S. of our complaints, that plows perhaps investigating it or.... For I also looked easy money but it seems to me that I a.m. going to lose the inverted one; this action takes to all the life doing r/s and S-8 to speculate, that is my opinion and for that reason we want to stop the feet to him to the bird of eleven. Nannanco changes of ticker once in a while so that their news erase. There were previous rumors of fusion with Network Alert, Nazz Productions and never got to become, and but R/S and S-8. Now were going to be with Amenni and nothing, until disappeared its page Web. It would enchant to know everything to me what you could say because we want to give us this bird by both cost, Nann and Rwnw. very would be thanked for You, greetings Javier
Posted by TrustMe on :
Hello my dear, the news said:
((GIG HARBOR, Wash.--(BUSINESS WIRE)--July 28, 2005--Reality Wireless Networks, Inc. (OTCBB:RWNW - News; "Reality") announced that on July 21, 2005 it entered into a definitive merger agreement with Arabian Recab For Trading Co. ("Recab International"). Recab International (and its predecessor organization) is a 25 year old Saudi Arabian company focused primarily on the transportation industry. For the year ended December 31, 2004, Recab International generated more than 111,750,000 Saudi Riyal (approximately $29 million USD).
Recab International operates four primary divisions: Auto & Equipment Transportation & Logistics Private Transportation (Buses) Building Materials & Concrete Products))END
---------------- This Arabian company merging with "RWNW.OB" gave un-true data. the only activity they operate now is only transportation without logistics, and note the company is not the owner of the transportation vehicles...because they sold everything they own..
Moreover,the company is out of the other 3 activities mentioned above in the report since 15 months ago or more..
Saudi banks (via Riyad bank) have sent report to officials to announce the bankruptcy of the company during this month,,,
----------------------- thank you
Posted by TrustMe on :
bad position of WRNW....WRNWE They are already bankrupted and you still talk about merging!! it's a game, and the loser is me and you...
Posted by STAR GAZER on :
RWNW was basically a shell company, but the Arabian Recab company, a well established 25 year old Saudi Arabian company, merged into it so that they could have access to world markets. They earn $14.5 million dollars a year and have a new 3.5 year $20.4 million dollar contract. When switching from RWNW to RCAB they did a 1:500 reverse switch and ended up with 44.5 million shares. Since they will probably be making over $15 million a year and have less than 45 million shares, their price should climb a lot higher that the present .20-.25 range
Posted by JumpinJackFlash on :
Stargazer, you must have missed the news. RCAB's cover is blown sky high. Lochrie and RCAB are total fraud jobs. The whole thing has been a scam since 2003. That's why its headed subpenny on a fast track.
Lochrie’s apparent “license to steal” has also enabled him to manipulate the publicly traded securities of two public companies: Reality Wireless International, Inc., which recently changed its name to “Recab International, Inc.” (ticker:RCAB) and Nannaco, Inc., (ticker: NANN). Nannaco is presently reported to be in negotiations to acquire a radiation oncology related business.
If nothing else, Lochrie’s imagination is worthy of James Bond screenplays. On August 11, 2005, Lochrie planted a press release headlined, “Amenni, Inc., Merger Partner of Nannaco, Moves into $1 Billion Pain-Killer Marketplace.”
In that news release Lochrie touts a company he calls “Amenni, Inc.” Supposedly Amenni is a multinational pharmaceutical/nutraceutical powerhouse with operations in London, Zurich, and Saudi Arabia. “For 2004, Amenni's combined revenues exceeded $3 million. Amenni anticipates generating more than $6 million in 2005,” claimed the release.
What Lochrie did not tell investors, however, was that Amenni was merely a paper shell, created by him and a Maryland investor he had recruited. Amenni, according to Maryland corporate records, was first known as Bioceutics, Inc. It changed its name to Amenni, Inc., briefly, then back to Bioceutics. Lochrie domesticated Bioceutics, Inc. in Florida listing another associate as an officer: Dr. David P. Summers, formerly of Endovasc, Inc. (ticker: EVSC).
According to Endovasc officials, starting in 2003 Lochrie and Summers worked together to structure a series of transactions that eventually led to the Endovasc board firing Summers and suing him. Summers, without board approval, issued 750,000 shares of Endovasc common stock to a Florida promoter named Andrew Murphy at the direction of Lochrie. The shares, according to Endovac’s Dwight Cantrell were immediately dumped on the market and the cash reportedly was given to Lochrie to finance his planned expansion of Amenni, Inc. into Europe. Summers eventually agreed to make good on the loss to Endovasc, according to the company.
Cantrell said the arrangement with Lochrie came to a halt when Endovasc officials learned that Lochrie was touting Endovasc products as Amenni products on an internet website Lochrie controlled. Among the Endovasc products Lochrie claimed were made by Amenni were Liprostin and Prostent.
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