Since we have a new ticker, we may as well have a new thread. Perhaps getting rid of the old thread will bring us some luck--i never liked the title of that thread anyway.
Posted by Original_Cashmaker on :
An open question I pose to all interested: the PR last week said
"As part of its definitive agreement, Consolidated Streaming will agree to use its best efforts to register with the United States Securities and Exchange Commission up to 10 million of the shares being delivered to Wi-Fi TV under the agreement, so that they may be distributed to the shareholders of WTVN."
Has anyone heard anything more about the possibility of WTVN shareholders getting a distribution of the Consolidated Streaming stock?
Posted by cvrockies on :
there is one glaring problem with this PR
"While the terms of the strategic venture are still being negotiated, the parties have already begun to provide strategic services to each other on an informal basis. As part of its definitive agreement, Consolidated Streaming will agree to use its
"""""best efforts"""""
to register with the United States Securities and Exchange Commission up to 10 million of the shares being delivered to Wi-Fi TV under the agreement, so that they may be distributed to the shareholders of WTVN.
"""""""While there can be ""no assurance"" that these efforts will prevail"""""""""",
the Letter of Intent provides for Consolidated Streaming to commence the registration efforts within the first year of the definitive agreement becoming effective."
Is this just another one of Alex's BS PR's???
Posted by CAPTNEMOS on :
i like the new digs,OC,i like this one better too,the old one needs to be retired and a fresh new start,if your wondering my losses were 16k and now i got a daytading call(thats funny who doesnt?)wish you all the best of luck,
Posted by USF11 on :
Knowing the slime ball Alex is I think our PPS will be in the teens .10-.20 next week. I think the people who got out on friday are gonna be kicking themselves.
Posted by Original_Cashmaker on :
CVR, it very well might be, but you never know. I am trying to dig up some info but I have been coming up dry....A lot of questions right now with very few answers.
USF, I hope you are right about next week, but even so, .10 is only .0005 pre-split, and .20 only .001, so we need this to push further and faster.
One thing is for sure, WTVN will still likely make its run. Say what you want about the history of WFTV, but the stock certainly has a pattern of running hard (and dying fast). Best of luck to all, as I begrudgingly hold my shares in anticpation of something positive here.
Posted by USF11 on :
It was pretty obvious .0005 was the bottom for this stock b4 the spilt and now we are trading at .00025-.0003 so short term the PPS will go up in the next couple weeks long term I think we go back to .000's
Posted by Original_Cashmaker on :
Consolidated Streaming Inc. Announces Planned Strategic Alliance With Wi-Fi TV Inc. 09:05 a.m. 07/25/2005 Provided By Market Wire
BOCA RATON, FL, Jul 25, 2005 (MARKET WIRE via COMTEX) -- Consolidated Streaming Inc. (CSEMF) announced today that it has entered into a Letter of Intent with Wi-Fi TV Inc. (WTVN) to form a strategic relationship whereby Wi-Fi TV, Inc. will help Consolidated Streaming to develop and implement content channels on its distribution platform.
The Letter of Intent calls for Wi-Fi TV, Inc. to provide consulting services pertaining to the streaming media communications business of Consolidated Streaming. Under the Letter of Intent, the parties intend to enter into a definitive agreement providing for the payment of 15,000,000 shares to Wi-Fi TV, Inc. in consideration for the provision of services and content having a value of approximately $150,000. Under the agreement, Consolidated Streaming will be obligated to use its best efforts within the first 12 months of the agreement to register with the U.S. Securities and Exchange Commission up to 10,000,000 of the shares being paid to Wi-Fi TV Inc., so that they may be distributed directly to the shareholders of Wi-Fi TV, Inc. In the event that the registration cannot be accomplished within the required time, the shares will be retained by Wi-Fi TV, Inc.
"We are excited to work with Wi-Fi TV Inc. on the mutual development of content channels and technology on a global scale, and believe there will be tremendous ongoing synergy between our two companies," stated Keith Friedman, Chairman, Consolidated Streaming Inc.
Consolidated Streaming Inc., a publicly listed company, is a digital media company specializing in providing Live-On-Demand content to niche market audiences. For further details on this and other Consolidated Streaming news, please visit: http://www.consolidatedstreaming.com .
For online distribution of content, Consolidated Streaming Inc. can be contacted at 386-767-1210 or by email at content@consolidatedstreaming.com.
Posted by moneypenny on :
Looks like Consolidated Streaming doesn't even have a web site.
Yeah, that or the link is not up to date. The stock doesn't look all that hot either. Ahh, I guess it is just more questions and less answers.
Posted by TalonSin on :
This is what I see when i read the PR
Here's what the PR says:
The Letter of Intent calls for Wi-Fi TV, Inc. to provide consulting services pertaining to the streaming media communications business of Consolidated Streaming.
(this part I understand, Wi-Fi will be providing consulting to Consolidated Streaming)
Under the Letter of Intent, the parties intend to enter into a definitive agreement providing for the payment of 15,000,000 shares to Wi-Fi TV, Inc. in consideration for the provision of services and content having a value of approximately $150,000. Under the agreement,
(my understanding is Consolidated will be giving Wi-Fi 15 million shares of it's stock as compensation for the consulting)
Consolidated Streaming will be obligated to use its best efforts within the first 12 months of the agreement to register with the U.S. Securities and Exchange Commission up to 10,000,000 of the shares being paid to Wi-Fi TV Inc., so that they may be distributed directly to the shareholders of Wi-Fi TV, Inc.
(does this mean if they do register them they will be given to the shareholders?)
In the event that the registration cannot be accomplished within the required time, the shares will be retained by Wi-Fi TV, Inc.
(This means there is no guarantee we will get these, chances are Wi-Fi will just keep them)
Is this what you guys come up with after looking at this PR???
Posted by Original_Cashmaker on :
Yeah, and if we are counting on Alex's best efforts I think we are fuccked. Nonetheless, I am holding this pos until I die, it is not worth cashing it in for the couple hundred bucks now. Maybe at the end of the year I may sell it so I can take the tax write off, but we shall see.
Posted by madmoney on :
wtvn to get 15 million shares? checked the symbol, stock is not currently trading, no price no trading history. is it a shell? they seem to be a comany, but no stock price? is CSEMF the current symbol?
Posted by Original_Cashmaker on :
What a deal, it would be even better if it were 30 million shares of worthless stock.
I would hope that it is a shell, and once filled it would have at least some value. As of now, who knows, I am just keeping my ears open.
Posted by AByteDoc on :
Hi gents. Thanks for pointing the way O_C. : )
Posted by Original_Cashmaker on :
I have a great idea for a T-shirt:
"I survived WFTV 2005"
We could all buy the shirts and with the proceeds we could probably buy the company from Alex and legitimixe it. We could probably sell millions of them, because to date, that is the number of investors Alex has screwed over. I am hoping he proves me wrong, but only time will tell. In these situations I refuse to give into the temptation to sell, only because I don't want to admit that Alex has beaten me. Eventually, for him to make his millions (other than his large salary) the stock has to do well. Right now he is just more focused on developing the business, which, unfortunately has been at the expense of shareholders.
Just so people really understand why it is so imporant for the Reverse-Split (at least in the mind of the company raising revenue). The par value for the stock is .001, meaning the company can not issue more stock unless it is sold for at least that price. Any difference in the par value and the sale price goes to the company and is a way to increase revenue. The higher the pps, the more revenue the company can make.
From that standpoint it really does make sense for the company to RS, but throw in Alex's universal lack of compassion or care for shareholders and the fact that his prefferred shares are not affected by the split = we got a real a-hole who should be sued by its shareholders. TOugh case, but certainly winnable.
Posted by Original_Cashmaker on :
Oh, and yes I am still very much interested in the lawsuit angle, and that is one more reason I have not sold a single share. You need to hold before the pps tanked, and also be a holder until the lawsuit is filed. An affirmative defense by Alex and co. would be no damage, meaning that at some point in time the share price would have to return to the levels it was before he started screwing us. That would at least be a motive for Alex to start worrying about the shareholders.
Posted by cvrockies on :
Well O.C. I sold alot of my shares for a huge loss, but I have..er... had a few million left, just in case. Like you I felt it wasn't worth selling everything until maybe tax season.
only about 20,000 shares now.
Some good posting here, keep it up
[ July 25, 2005, 15:02: Message edited by: cvrockies ]
Posted by AByteDoc on :
quote:Originally posted by Original_Cashmaker: ...You need to hold before the pps tanked, and also be a holder until the lawsuit is filed.
Holding ... still holding. : )
Posted by Original_Cashmaker on :
Just so we stay on top of the dilution, has anyone got through tp the t/a today. I wonder if the dilution has already begun or whether he might try to let investors breathe for a few weeks.
Posted by AByteDoc on :
From what I see posted there, Kanakaris Wireless wouldn't it be in business at all were it not for the imposed generosity of his shareholders. The company is putting out much more than it is taking in. How would any company be able to continue to do business at all with numbers so far upside-down? Unless some unfortunate, unlucky fewls (you and me) continue to finance his follies...
Posted by Original_Cashmaker on :
The link did not really work all that well, but i assume i know where you are coming from. WFTV was always about buying into a company with great growth prospects, the revenue has never been there. Also, the balance sheet and financial data were a few years old.
At least on this score, I was fully informed that the company was losing money hand over fist, but, like Sirius or XM, I saw the future potential of the company. Like I said before, I still very much see the future of the industry, it is wtvn, that I now question.
Posted by TalonSin on :
I'd love to see someone start some legal action against this guy...
Posted by TalonSin on :
Maybe we are all on the wrong side of the market? It seems too easy to start a new corp based on a cool idea, issue stock, watch the price drop, R/S, dilute, rinse and repeat. You really would not need any assets, just a website and email address.
Wonder how long I could get away with this???
Posted by JIF on :
quote:Originally posted by USF11: Knowing the slime ball Alex is I think our PPS will be in the teens .10-.20 next week. I think the people who got out on friday are gonna be kicking themselves.
What's up USF. Hope all is well. Why do you see the stock popping back into the .10-.20 cent range next week?
Posted by JIF on :
Personally, I'm still holding a little bit. My avg. cost used to be .0011 (before the R/S). Now in my streamer, I put my avg. cost at .205
That math is correct right?
Now, I have no idea if we're going to see that number again any time soon. All I know is that this stock will never rise if there is no buying pressure (i.e. if he dilutes and dilutes without stopping).
Posted by TalonSin on :
.0011 * 200 = .22 to break even
Posted by JIF on :
thanks. I actually just did the math and figured that out....it was a stupid question. Thanks for taking the time to plug in a response.
I guess I've never had to work out a 1 for 200 stock R/S on 4,570,000 shares befor:)
Posted by USF11 on :
I think the stock will bounce back to the Teens .10-.20 because right now we are trading at less then .00025 a share pre split. Once the selling is over there should be some kind of run. This will provide us with a chance to get out because it wont last long.
Posted by AByteDoc on :
quote:Originally posted by TalonSin: Maybe we are all on the wrong side of the market? It seems too easy to start a new corp based on a cool idea, issue stock, watch the price drop, R/S, dilute, rinse and repeat. You really would not need any assets, just a website and email address.
Wonder how long I could get away with this???
I've wondered the same thing myself. Is this something the SEC needs to take a serious look at? I mean, come on folks (!!!), the last round of dilution before doing the 200 to 1 R/S ensured a summer of fun in Europe for AK. How's your summer?
Posted by Original_Cashmaker on :
Absolutely is a problem, like I said before, dilution (as we call it) is supposed to be a way to provide revenue for the corporation, that is the only valid reason for it!
Posted by bigwormcb on :
Alex cheers to your F$*$& up company, you just look like a crook, thanks to a real company ill be living next to your crooked ass, legally, o wait thats not true, you soon to big in the big house when someone catches on to your scam, your like a robber just dont know when to quit.
Posted by tongusc on :
Income Statement is out~~
View: Annual Data | Quarterly Data All numbers in thousands PERIOD ENDING 31-Mar-03 31-Dec-02 30-Sep-02 30-Jun-02 Total Revenue 221 32 65 317 Cost of Revenue 176 5 56 234
Gross Profit 45 27 9 83
Operating Expenses Research Development - - 0 (0) Selling General and Administrative 661 644 830 1,116 Non Recurring - - 2,397 - Others 13 16 86 74
Total Operating Expenses - - 3,313 -
Operating Income or Loss (629) (633) (3,304) (1,106)
Income from Continuing Operations Total Other Income/Expenses Net (206) - (123) 1,165 Earnings Before Interest And Taxes (835) (633) (3,427) 59 Interest Expense (204) 204 303 1,317 Income Before Tax (631) (838) (3,729) (1,258) Income Tax Expense - - - - Minority Interest - - - -
Net Income From Continuing Ops (631) (838) (3,729) (1,258)
Net Income (631) (838) (3,729) (1,263) Preferred Stock And Other Adjustments - - - -
Net Income Applicable To Common Shares ($631) ($838) ($3,729) ($1,263)
Posted by alque on :
please, a question. They are not possible to be sold shares?
Posted by BuyTex on :
omg...up to.06...hang on, lol
Posted by AByteDoc on :
Wow, what a bleak day. Trading range anywhere from .035 to .06, and barely 66,300 shares traded. Nothing like the pre-R/S activity...
Posted by cvrockies on :
Can anyone tell me what the hell 2003 financials from KanIcareLess wireless has to do with the company now?
Posted by AByteDoc on :
A picture into the past might be able to provide insight into what is going on now.
AK takes big salaries, nearly three to four times what the company takes in on revenues.
Where do you suppose the money for those huge salaries comes from?
Posted by Original_Cashmaker on :
Those financials are old news, years old. The company has been renamed twice since then and the cash and balance sheet is nowhere near those numbers.
By the way, another shareholder action against Alex ccould be brought based on his excessive compensation, which is a wasting of corporate assets. Alex can't pay himself more thn the company makes, its illegal, and yet another breach of his fiduciary responsibilites.
Posted by Imacomposer on :
Isn't scottrade suppose to "update" the accounts for the R/S today?
Posted by JIF on :
Morning gents. Crazy day, I see.
Posted by JIF on :
I'm going to see if I can pick up a couple shares at .035, then turn them at .05.
I'll keep you all posted.
Posted by GVMOORE on :
Hope someone can make a dollor off this pos. It took mine.
Posted by Imacomposer on :
Well scottrade just updated their accounts just fyi to anyone that has one ...and I guess that hasn't seen it Posted by trainsite on :
I smell a lawsuit ... one would hope
Posted by AByteDoc on :
DOMS controls the b/a
.036 x .045
I smell more dilution in the works.
Posted by JIF on :
ok, I got in at .035. Now I've got a sell order in at .06. Who knows.
Posted by Chadsly on :
GL JIF. This and PDIV are about the only 2 stocks that went down after I got out. It's gotta be a low, right?
Posted by JIF on :
I have no idea. I'd just like to see it play between .035 and .06. If it wiggles in that space, there is money to be made......over and over again.
Posted by JIF on :
Anybody have any L2's?
Posted by USF11 on :
I figured today would be bad but man this really really sucks.
Posted by AByteDoc on :
DOMS remains on the b/a @ .036 - .045.
Nothing much else to say.
Posted by JIF on :
It's moving slowly. Just needs to get to .06.
Let's all remember that (before the split), this price would be .000175
Posted by JIF on :
Also, (please check my math), at .035 pps with 7.5million shares outstanding, this company is currently valued at 262k..... I've driven cars worth more than that.
I've always said, if these screwballs could just put out a fricken cinemapop web site that looks half as good as the euro-tainment.com web site.....and maybe tell everybody how much cash they're racking in from internet porn, we'd all agree this darn thing would be worth at least a couple of million (thus bumping the current pps to around .4-.5)
Thoughts?
Posted by Original_Cashmaker on :
From a pure valuation standpoint I agree. Unfortunately, Alex has fukked us so much in the past, with the dilution he could still build a multi-million dollar company by just issuing more shares and maintaining the pps.
Posted by Imacomposer on :
Anyone think this will hit .06 again or is it just going to slowly keep going down from here?
Posted by TalonSin on :
Unless they add some great new content to the websites or gain some considerable assets I dont see this going anywhere for a long time...
Posted by Original_Cashmaker on :
I wish I knew where this was headed. We still have some promising news to come.
Posted by USF11 on :
I called the TA out of curiousity and the OS is 8,721,988 giving us a market cap of 218k ouch!
Posted by Chadsly on :
Does that mean that the A/S has increased?
Posted by Original_Cashmaker on :
I'm not sure what the last count was, but what it does tell us is that the market thinks this company is only worth 218,000.
Too bad Alex makes 4 times that in salary each year.
Posted by USF11 on :
Two things I emailed Alex about his salary and he replied that those numbers were unaccurate and he doesnt make anything close to that. #2 On IBC radio monday he said he would file the SEC paperwork to buyback shares. Maybe that PR will provide us the oppritunity to get out of the stock.
Posted by TalonSin on :
Could you email Alex again and ask him to pull his head out of his arss?
9 times out of 10 a reverse split is gonna send the pps dropping down like a brick. What was he thinking? We're at .025 now, thats like a .000125 pre-split price per share!
I think Alex and Eric Boyer from PDVN are brothers because it is hard to believe any two non-related CEO's could be this stupid. At least Eric got fired!
Posted by BuyPennywise on :
I finally got out of this today... took a big hit but it's to be expected with pinkies. This thing had been on the SHO list for a long time. I personally think the MM's are going to bury this company in an effort to avoid paying taxes on all of their "stolen" money from investors. Of course at this rate, Alex may just beat them to the finish line. The only question left- Who will win?
Posted by AByteDoc on :
quote:Originally posted by Chadsly: Does that mean that the A/S has increased?
I saw a JIF post a couple ahead of the A/S @ 8.7M that A/S had been at 7.5M. So, with DOMS on the b/a a couple of days ago, it looks like some more dilution had been in the works.
You can see the end result by the current value per share --> .0245. Ick.
JIF, if you loaded up at .035, I hope you are able to turn 'em before this sinks back into the .000's. How long can you hold your breath?
Posted by BuyPennywise on :
The ship is going down!!! Every man for himself! LOL.
Posted by USF11 on :
162k market cap right now that is absolutely insane. A month ago WFTV was trading at a market cap of more the 2 million.
Posted by trainsite on :
If I were Alex, I'd fire myself.
Posted by JIF on :
quote:Originally posted by AByteDoc:
quote:Originally posted by Chadsly: Does that mean that the A/S has increased?
I saw a JIF post a couple ahead of the A/S @ 8.7M that A/S had been at 7.5M. So, with DOMS on the b/a a couple of days ago, it looks like some more dilution had been in the works.
You can see the end result by the current value per share --> .0245. Ick.
JIF, if you loaded up at .035, I hope you are able to turn 'em before this sinks back into the .000's. How long can you hold your breath?
HERE IS MY ANSWER: Honestly, I have no idea. I did get back in at .035 and was hoping for the pop to .06. I would have gotten out then.
However, now were down and my total holding is low enought that I just might keep it.
I just can't understand why this punk won't release the Euro-tainment revenue numbers. I mean, anything would make this company worth more than 200k.
Like I said, I've driven cars worth more than that!
Posted by USF11 on :
OS as of close yesterday 9,394,868 up about 600k
Posted by cvrockies on :
How can the SEC allow something like this, there has to be something against a company who does this. I mean that is why the SEC was formed in the first place is it not?
I would like to know if Alex gets up in the morning and truely thinks that what he is doing is legit and the very best thing for the company, or if he wakes up in the morning and looks in the mirror and smiles because he knows that what he is doing isn't right but he is able to get away with it, so why not?
Either he is an idiot or one of the most dishonest Crooked Ceo's out there. lets have a vote, idiot or Crook. I vote he is just a conniving Crook that is no different from someone running a telephone scam
Posted by TalonSin on :
I'm thinking class action law suit here. What is the legal term for what Alex has been doing?
Posted by USF11 on :
Bending Us over!
Posted by USF11 on :
We could buy 51% of the company for about 85k right now.
Posted by TalonSin on :
quote:Originally posted by USF11: Bending Us over!
Thats the truth!
Posted by AByteDoc on :
quote:Originally posted by USF11: OS as of close yesterday 9,394,868 up about 600k
9.4 million! He's flooded and saturated the market with his worthless shares again and now they're not even worth 2 cents!
DOMS is back on the b/a again -- .018 x .019.
If any of you ever asked, "Can it get any worse?" I think we see our answer. It won't be long to the .000's and I'm still hanging on because I'm downright stubborn about this "less or nothing" adventure.
Posted by cvrockies on :
quote:Originally posted by USF11: We could buy 51% of the company for about 85k right now.
yea until monday when it would be 48% tuesday 40% until we are back at the same spot again with 1 billion shares
Posted by Original_Cashmaker on :
I think everyone should start contacting the SEC personally. If we all complain, they might do something.
Posted by USF11 on :
I got a return email from alex about the price drop and lack of solid news.
Alex replied: I will try to buy stock and disclose it this week, and we will have material news early in the week.
Posted by TalonSin on :
More lies from Alex. It's clear he is selling shares back. I'm also sure his material news will be more lies...
I urge anyone who has lost money to go to the SEC website and take a minute or two to file a complaint. I cant say it will do any good but I can say that if we do nothing things will only get worse.
Posted by USF11 on :
Alex is gonna fill on SEC papers to buyback shares and on IBC radio he said he will not sell a share during the next year. Now dilution is a different animal then selling personal shares. This may provide the oppritunity to get out of WTVN with minimal losses.
Posted by Sixela on :
Alex has not done anything illegal. He has the right to add shares and r/s split as many times he wants. If the investors didn't fall in love with the stock so much they could of gotten out with huge profit by playing the dips. Instead everyone got greedy and Alex took the KY jelly looked at it and passed on using it as he pulled everyone's pants down.
Posted by USF11 on :
Excellent point Six!!
Posted by Sixela on :
I don't understand how investors could see dilution as a good thing. You should of seen it coming.Everyone wanted to hit a grand slam homerun but you got caught at the plate with the bat on your shoulder.
Posted by Sixela on :
CEO's like ALEX are just like us. Look at NWPO. The CEO of that company is making alot of good news. If a CEO cared about his members he would make sure he did everything as quick as possible so his shareholders can stay in the stock and attract new buyers. When a stock has 1 good PR and then rumor rumors rumors people sell sell sell and the price goes down down down. CEO have tons of money so they make a company. Put out shares. We buy then they diluate diluate some more we buy then r/s. That's what makes trading OTC s dangerous.
Posted by Original_Cashmaker on :
Actually, his actions aren't necessarily legal (or illegal). As a fiduciary he has to take actions in the best interest of the company and its owners (the shareholders). Certainly, he has not acted in such a manner to bring criminal charges, but a civil case is much different.
Possible causes of action include:
breach of duty of loyalty wasting of corporate assets self-dealing potentially, insider trading
Posted by AByteDoc on :
Well, we're in the midst of another lackluster WTVN week. Stock is down .006 from Friday's close, and DOMS is on the b/a @ .012 x .014.
Posted by JIF on :
ok gents. I'm totally out of this stock and have promised myself to never return.
To date, I've lost about 4k here. It is my biggest looser of the year.
Even if this looks to turn around, I'm really going to try to stay away. I have huge issues with this company's fundamentals, model, and management.
GLTA
Posted by moneypenny on :
news today - Wi-Fi TV Inc. Opens New Corporate Offices Showcasing TV/Internet/Movie/Telephone Convergence
NEWPORT BEACH, Calif., Aug 1, 2005 (PRIMEZONE via COMTEX) -- Wi-Fi TV Inc. (Pink Sheets:WTVN), the creator of a web site offering live TV over the Internet at www.wi-fitv.com, has opened new corporate offices. The offices shall serve as both corporate headquarters and as a showcase for Wi-Fi TV Inc.'s web sites offering free ad-supported live online TV, free ad-supported local and long distance phone calls and online delivery of motion pictures. One suite is a dedicated screening room which will allow clients to see how Wi-Fi TV Inc. is involved in the convergence of television, computers, motion pictures and telephony.
Wi-Fi TV Inc. offices are located at 3408 Via Oporto Suite No. 200, Newport Beach, CA 92663. (Phone) 949-675-5011, (Fax) 949- 675-5008, (email) info@wi-fitv.com. The Wi-Fi TV web site is www.wi-fitv.com
The offices are in the Lido Marina Village area of Newport Beach, CA near the Pacific Coast Highway and Newport Blvd.
About Wi-Fi TV Inc.
Wi-Fi TV Inc. (www.wi-fitv.com) (www.cinemapop.com) has a history of innovation in online content delivery and plans to quantify the value of this unique experience, now that high-speed Internet delivery is becoming available to millions of consumers around the world. Wi-Fi TV draws on the latest IPTV technology and ten years of experience in the delivery of video over the Internet in launching its new service.
Posted by BuyPennywise on :
oh man. bad timing JIF, it went back up... at least for a few minutes.
quote:Originally posted by JIF: ok gents. I'm totally out of this stock and have promised myself to never return.
To date, I've lost about 4k here. It is my biggest looser of the year.
Even if this looks to turn around, I'm really going to try to stay away. I have huge issues with this company's fundamentals, model, and management.
GLTA
Posted by trainsite on :
You can release 1000 pr's for all I care, Alex.
Posted by PhoenixStockMaster on :
I just got in on this. Small investment only 100,000 sh. Hope I can get in and get out and make a nice return - any chance of this going to .03 in the next day or so? Anyone?
Posted by PhoenixStockMaster on :
Im showing it's up to .02 as of 3:15pm If so - - Anybody have a history on this stock?
Posted by moneypenny on :
lol, please tell me you're joking. Read back through these posts.
Posted by PhoenixStockMaster on :
No. Actually I was in and out. Bought at .011 and got out at .02 Not a great deal of money but it's something.
Posted by AByteDoc on :
quote:Originally posted by PhoenixStockMaster: Im showing it's up to .02 as of 3:15pm If so - - Anybody have a history on this stock?
It's a train wreck waiting to happen -- again, and again, and again. We are two weeks out of a 200 to 1 share reversal. Share value was at 0.10, and you see where it rests today. The PR's generally turn out to be a lot of fluff, and zero substance. Take for example today's "big news" of a new office. That has been in the public spectrum for nearly two months now.
From my perspective, shareholders alone are funding this company's expenditures -- and they are a plenty, especially the owners 800k a year salary. I do hope you didn't get into this for very much because there are plenty of good folks out here who have lost thousands and thousands of dollars.
Does that answer your questions?
Posted by pensandoenti67 on :
this will be at .005 in 30 days, thanks to Alex...
Posted by DVDTekno on :
Invested almost 2500$ end of june before The R/S (1,600,000 shares)... Today I still have only 8,000 shares after the R/S... It's worth 100$ !!! This is a piece of crap, nothing else. Investing now in ICMH will soon make me forget about this one loser.
Posted by pensandoenti67 on :
DVDTEKNO, sorry about your loss. I had been publishing since mid May that this was a piece of ****, I hope listen to me and got out.
I too was a sucker and bought at .0016 it went down to .0006 and I thought man I lost big. I went back home for a funeral and did not have much of time to check on stocks. One day I had for the first time some free time and log on to my etrade and saw that it went up to .0022 It was dropping and I sold at .0017, the rest is history.
From the moment they released their website I knew it was a scam or a company that really has no idea on what they are doing.
Constantly I told about how poor and sad this company was. CPTNEMO kept saying buy buy, it will be coming up soon, why would you tell people buy buy buy when it keeps dropping every day? makes no sense.
If you have $100 left, I'll recommend I say again recommend... it's your call.
SSTY - wait for it to settle down read its thread
XRYM - going high
HISC - wait until it settle between 4-6 another big run coming.
A litle more expensive
BRVO and NWPO
Posted by AByteDoc on :
We need to do our best to keep this a *Page One* thread because I would hate to see other potential investors dump their money unaware of the history this company. A quick review...
KANA --> KKRS --> KKRW --> WFTV --> WTVN
"Our common stock commenced trading on the OTC Bulletin Board(R) under the symbol "KANA" on November 26, 1997. On August 2, 1999 we changed our symbol to "KKRS." On December 7, 2001, our symbol changed to "KKRW" in connection with a 1-for-20 reverse split of our common stock. ...taking into account the 1-for-20 reverse common stock split that occurred on December 7, 2001.." http://viavid.tenkwizard.com/filing.php?repo=tenk&ipage=1869850&doc=1&total=330&source=143
All that's missing here is commentary about the most recent 1 for 200 Reverse Split less than two weeks ago.
Posted by TalonSin on :
OMG! It would cost me more to trade my shares now than they are worth!
Good thing I only had a few hundred in these clowns. Gonna have to start doing some better DD.
Posted by cvrockies on :
quote:Originally posted by DVDTekno: Invested almost 2500$ end of june before The R/S (1,600,000 shares)... Today I still have only 8,000 shares after the R/S... It's worth 100$ !!! This is a piece of crap, nothing else. Investing now in ICMH will soon make me forget about this one loser.
your lucky that's all you lost!!! I was going for a big one but it back fired. Wouldn't have stung so much if I didn't loose it because of R/S and Dilution, but I guess that is the name of the game here !!! Time to regroup with the little that I have and try to build up again.
Posted by USF11 on :
Tommarrow this stock is running hard .10-.25 Im down over 4k I'm sorry to anyone that sold but Alex is a master at running his stocks after reverse splits. I'm doubling down and getting my money back and then some. Yahoo Groups are chatting away at this one right now.
There has been Zero dilution of the stock this week as confirmed when I called the TA. 9.5 MIL OS
Posted by chris s on :
quote:Originally posted by USF11: Tommarrow this stock is running hard .10-.25 Im down over 4k I'm sorry to anyone that sold but Alex is a master at running his stocks after reverse splits. I'm doubling down and getting my money back and then some. Yahoo Groups are chatting away at this one right now.
There has been Zero dilution of the stock this week as confirmed when I called the TA. 9.5 MIL OS
I hope your right. If it does run I am all out of this scam.
Chris
Posted by SeattleWriter3d on :
I'm out, happy to be out, and hopeful for those that stayed in that you will get your money back but no way I am tossing any more money at this crook, he will continue robbing as long as he is allowed and if he isn't diluting the stock now, HE WILL. I hope you are right and this goes way up and those that are left can make their money back, I am on to bigger and better companies
Posted by JIF on :
quote:Originally posted by moneypenny: lol, please tell me you're joking. Read back through these posts.
Yeah, and also read through the 145 pages located on the original post - you'll find it on page 4 or 5. It's called "WFTV-Captnemos called on this one"
We all sat and waited for 6 months and typed 145 pages.....before he did another R/S and we all lost our shirts.
Posted by deconstruct2000 on :
Im glad I only had about a $100 in this one. I have since wised up, and have gotten completely out of penny stocks. I stick with the big boys now. I just left it in there, because I really didnt care about the money. I will probably pull it here in a bit.
Posted by AByteDoc on :
quote:Originally posted by USF11: Tommarrow this stock is running hard .10-.25 Im down over 4k I'm sorry to anyone that sold but Alex is a master at running his stocks after reverse splits. I'm doubling down and getting my money back and then some. Yahoo Groups are chatting away at this one right now.
There has been Zero dilution of the stock this week as confirmed when I called the TA. 9.5 MIL OS
Hey USF, it would be sweet to see it go there. I too would probably bolt near that mark ... although I need .30+ to break even. I never averaged down on this one, was too stubborn to put more money in while it was in its seemingly unending freefall. While in one sense I admire your continuing positive outlook, I have learned that the promise of a better tomorrow rarely comes with WTVN, et al.
Posted by matto on :
Do you really feel this will move that high? whats the yahoo chatter?
Posted by USF11 on :
They have about 90 active traders and a email list of over 900 people when I talked to the guy who runs the site today.
Posted by AByteDoc on :
It would be nice to see a power play, but I am concerned that this is wishful thinking or hopes not based on substance. We shall see what the new day brings...
Posted by moneypenny on :
Let's hope that rumored run is true so we can make back some of our money!!
Posted by TalonSin on :
I'm up to 20 bucks now!!!
I cant decide if I want to sell and pay ameritrade 10 bucks and spend the other 10 on lunch or just leave it and hope that someday I can get a few more dollars.
Posted by moneypenny on :
Well it may go up a bit more today, but if I were you I'd sell w/whatever profit you can. I'm selling as soon as i break even here (or come close to). This has been a nightmare.
Posted by JIF on :
what in the name of all things holy is going on with this stock!
Posted by USF11 on :
I wouldnt be surprised if WTVN ran to 1$ if the dilution is finished. I hate what Alex did to us but the guy can run stocks. This is a cause were the early bird didnt get the worm.
Posted by JIF on :
How many shares are there outstanding?
It's like 10million now right?
At a dollar, that would mean the company is worth 10million. He would have to put out substantial revenue numbers to justify that.
Right now, the company is operating at a huge loss.
Posted by USF11 on :
Jif we dont have any IDEA what the company is losing or not losing. Thats why pinks are so tough to figure out. IF 125k is possible so is 10 mil thats all im saying. And theres no way I would hold that long.
Posted by Jmoove on :
nite on the bid 40x49
Posted by TalonSin on :
This is one crazy ride...
Posted by cvrockies on :
Maybe with a former FBI on the WFTV...er WTVN board Alex will keep his shady dealings to a MIN... LOL
Posted by AByteDoc on :
quote:Originally posted by Jmoove: nite on the bid 40x49
Did I miss something huge? I'm seeing the Day's Range at .021 - .05 and the current b/a's at .038 x .043.
The only thing different is the volume has been heavier than usual the past couple of days -- and it's closing in on 1.5 million again today.
Other than that, it looks like a typical day. It doesn't appear that a power move is on ... yet.
Posted by AByteDoc on :
Late rally ... back up to what seems to be a strong .05 near the close. That was, until DOMS jumped back on the ask at .05 -- had been at .06...
Posted by USF11 on :
DOMS was a head fake he back to .07 my heart sank for a second there.
Posted by matto on :
Well,I've been here for the real crazy ride.Guess its time to make the money!To bad all the others bailed out.
Posted by USF11 on :
Gappin like a madman .053x.06
Posted by leavenart on :
I had sold half of this a while back but added yesterday. Hey, call me crazy. Glad I did now. It just didn't seem to me that Alex was going to make his money unless he brought this stock back.
Hey USF, you think we got a shot at .10 ?
Posted by USF11 on :
I think .10 is a given. LVL2 looks real good
Posted by USF11 on :
1.5 mil Volume Already. Alex said he was buying back shares end of the week.
Posted by leavenart on :
I would imagine he's trying to buy them back slow so as to not drive the price up yet. He may be a crook, but he's not stupid.
Posted by PhoenixStockMaster on :
I should have stayed in. you guys scared me me out :-) At least I made a little money but I could be up $3,000 right now
Posted by eknock on :
Hey Phoenix,
Everybody who told you were crazy for putting your money in this had good intentions. Remember that many people lost thousands of dollars including myself. Sorry you had to take a small profit but way things were going you could have lost most of your money.
Posted by USF11 on :
R/S almost always have big bounce after the R/S happens.
Posted by USF11 on :
OS has been raised to 1.2 MIL Alex is diluting this again get out now!
Posted by TalonSin on :
I'm out. My $300 has been reduced to $9.81
At least I still have enough for lunch!
Posted by cvrockies on :
Alex is a Joke, the only reason he releases PR is to issue more shares of this No good company...
Alex you will always be "Small Fish" with a "Big mouth"
Posted by AByteDoc on :
quote:Originally posted by USF11: OS has been raised to 1.2 MIL Alex is diluting this again get out now!
I'm assuming you mean 1.2 billion, in light of the fact there were already nearly 10 million shares out.
I thought you said he was going to buy-back -- not dilute? Care to share any pertinent quotes from the e-mail he sent you a couple of days ago?
Posted by AByteDoc on :
Never mind. I see where you got your info that the O/S were at 11.1 Million (not billion) in play. And I also see where the addition of the shares and the dominance of DOMS on the ask has gotten the share value today. Wow, some more "Not good" again today.
Posted by cvrockies on :
Anyone try and get into parts of the website... like corporate or cinemapop. A secured site password is needed. Maybe something is finally going to happen.
It is a big maybe however
Posted by CRGOpromoter on :
Only reason why this stock went back up was because a group ran it up. Now she will keep going back down. You guys better off playing what that group plays so you can make money instead of holding for 1 year and losing money.
Posted by AByteDoc on :
quote:Originally posted by CRGOpromoter: Only reason why this stock went back up was because a group ran it up. Now she will keep going back down. You guys better off playing what that group plays so you can make money instead of holding for 1 year and losing money.
It would be nice to know when and why the group is making the plays they do. I'll probably bail on the next group play and surge.
Posted by JIF on :
I think that is true.
Posted by AByteDoc on :
DOMS is hanging on the b/a again today at .019 x .021. The smell of fresh and continuous dilution reeks rampant throughout the air.
Posted by AByteDoc on :
DOMS back on the ask, today at .016 -- off .005 from Friday's close of .021. Still looking mighty bleak, this stock continues its unending freefall.
Posted by pensandoenti67 on :
this baby will be at .005 by Mid September or sooner....
GET OUT GET OUT look at some winners so many out there...
It's you money, don't lose it.
Just my opinion based on charts, volume and news and my personal DD. Enter at your own risk.
Posted by TalonSin on :
These guys have had 5 different names in the last 6 years and 3 RS's. This stock is just a money generator for Alex the CEO. Pump, Dilute, RS, change name, start all over.
Posted by USF11 on :
They have doubled the OS since the Reverse Split. I do think any time the stock trades under a 200k market you should buy and a play the quick jump though.
Posted by moneypenny on :
Mine is worth $10 now. I'm holding on hopes of a little run to make some money to pay the commission, lol.
Posted by USF11 on :
CALLED the TA for giggles OS is now 15.8 Mil up over 1,5 mill in the last 2 trading days. Unreal.
Posted by TalonSin on :
I thinking he will dilute to about 50 million and then take the cash on a long vacation. In 8 to 12 months when he comes back he will have the pumpers start again followed by a RS and a name change.
What are your thoughts about the new name???
CHIT CSOM (crappiest stock on market) ANAV (Alex Needs Another Vacation) ANMM (Alex Needs More Money) HWGA (Here We Go Again)
Posted by AByteDoc on :
quote:Originally posted by USF11: CALLED the TA for giggles OS is now 15.8 Mil up over 1,5 mill in the last 2 trading days. Unreal.
It's good to see you're still keeping tabs on this. What should irritate you is the statement you got from whoever in email stating that Alex was going to start buying shares back. What a crock that was!
: )
Posted by USF11 on :
Alex said it on IBCradio.com twice almost 3 weeks ago.
Posted by AByteDoc on :
quote:Originally posted by USF11: Alex said it on IBCradio.com twice almost 3 weeks ago.
Sorry, I thought it was an email exchange. Either way, considering Alex was the original source to the buy back comments, he didn't do his credibility any favors when he started diluting again a couple of days later.
Posted by AByteDoc on :
quote:Originally posted by USF11 - July 30, 2005 10:17 AM: I got a return email from alex about the price drop and lack of solid news.
Alex replied: I will try to buy stock and disclose it this week, and we will have material news early in the week.
This is where I got the impression that Alex told you by email that he was buying back shares. You also mentioned that same day that Alex said he would not sell additional shares --> but that dilution was a different animal all together! So, it would seem that we've got to pay real, real close attention to what Alex says in one breath -- and means in the other.
This ain't funny.
Posted by USF11 on :
Yeah he emailed me he would buyback shares and he also said it on 3 separate times on ibcradio. Alex wont sell any of his shares means nothing as he has preferred shares and probably zero common stock. The problem with buybacks is the filing for buying back shares could come out a month after the buyback happened. Example is AOOR CEO bought on June 29th and the form 4 didnt come out until today.
Posted by JIF on :
WOW - NICE NEW WEB SITE FOR WI-FITV.COM
!!!!!!!!
Posted by JIF on :
It's about time!!!!!!
Posted by Chadsly on :
It's about time and it looks much better. A few ads. The concept is getting better, but still doesn't talk about what the girl doing at the top of the page. Is she supposed to be watching TV from her Cell Phone?
NOTE: I had to fix some typos.
Posted by JIF on :
Let's all submit our feedback to tech support. I imagine they would like to receive our end-user QA.
Also, we want them to clean up the site before word gets out and everyone visits.
Posted by JIF on :
I think she is watching internet over the phone. That is something these guys have always talked about is providing streaming video to cell phones.....and yet, it would also include porn.
I don't agree with it, but I bet ever single 16 year old with a cell phone is going to download porn to a cell phone just as fast, if not faster, then they already do to their home pc.
Posted by JIF on :
Internet, Television and the World Converge at Wi-FiTV.Com New Web Site Launching Today
By Market Wire Last Update: 8/17/2005 10:16:48 AM Data provided by
NEWPORT BEACH, CA, Aug 17, 2005 (MARKET WIRE via COMTEX) -- World television goes online today at www.Wi-FiTV.com as Wi-Fi TV Inc (WTVN) launches the first ever web site containing one-page, one-click access to live TV channels from around the world, free PC to PC and PC to phone voice-over-Internet phone calls, and news stories from each represented country.
The new Wi-Fi TV Inc. web site features hundreds of channels, hundreds of constantly updated and regionalized news headlines and stories, and a no-cost local and long distance phone service.
An embedded TV screen on the Wi-Fi TV web site, which can be viewed on a laptop or desktop PC, or delivered to a TV monitor, is accessible for free to global Internet users. Ads which are targeted to each country and topic for which channels are provided are a source of revenue to Wi-Fi TV Inc., and hundreds of dynamic and rotating ads are now online.
About Wi-Fi TV, Inc.
Wi-Fi TV, Inc. offers free local, long distance and global telephone service with its Wi-Fi TV virtual dialer and 200 free one-click Wi-Fi TV content channels at www.Wi-FiTV.com. Wi-Fi TV, Inc. (www.wi-fitv.com) (www.cinemapop.com) has a history of innovation in online content delivery and plans to quantify the value of this unique experience, now that high-speed Internet delivery is becoming available to millions of consumers around the world. Wi-Fi TV draws on the latest IPTV technology and ten years of experience in the delivery of video over the Internet in launching its new service.
Posted by JIF on :
All of the Wi-Fi TV Inc. services, which are available on a global level, are free to consumers but are backed by hundreds of dynamic, rotating advertisements which are part of the Wi-Fi TV Inc. delivery platform.
Posted by AByteDoc on :
Have you forgotten the quiet spin-off of Cinemapop to the Great Britain market? Once that was announced, it was pretty much a certainty -- WFTV stocks were going to be worthless.
Posted by AByteDoc on :
But, I see we are riding a wave. I'd like to see this keep gaining momentum...
Current L2's are at .019 x .023 --> the momentum is strong in an upward push.
Posted by AByteDoc on :
Hokie smokes, what a close! After starting the day at .014, after three PR's ... WTVN took off during the last 10 minutes of trading.
Here's a look at the last few moments on the L2's...
What do the experts in the crowd have to say about how tomorrow's open is gonna look?
Posted by Imacomposer on :
I really don't think this is going to go anywhere... it might jump up here and there but I don't believe in the company with what has happened before. I mean come on google has an internet tv service to watch tv online and kids that are 16ish would probably just download porn and put it on their PSP's to watch... a cell phone screen is too small in the first place in my opinion, tiny size and low resolution. WTVN will tumble back down into nothing. It's a neat concept but other people are doing it... there's google, anyfreetv.com, wwitv.com to name a couple ...the new wtvn website is only ok, that's what it should have looked like when it first went live. Just my two cents Posted by BuyTex on :
dahmmit, composer--I need pumpers! want outta this POS: I drank the cruel-aidde....still got cramps...lol
why are you posting reasonable?
j/k, man--where you been?
Posted by Imacomposer on :
Hey sorry sorry you could go to random message boards pumping the stock then be like... BIG news coming soon get on board! hehe but yeah WFTV/WTVN sucks major dong. I've been hunting for a music composer job for video game companies but I haven't really had a whole lot of luck... so if anyone knows someone that can get me hired somewhere *nudges* I'm going to do a few things for this one company just starting out and they're looking for investors but I don't know where that's all going *rolls eyes* ...but no really if anyone has a friend in the video game "biz" that can hire me as the composer let me know ...and what have YOU been up to eh?
Posted by BuyTex on :
the band I manage I got nominated for a nice award in local press this summer...
I'd be interested in knowing more about your "studio," rig-out, etc...
Posted by Imacomposer on :
Well I mainly compose music in a video game style... but with alot of melody, no singing, though I have been wanting to do one with maybe a choir singing in latin, I think that'd be cool. Some are a more classical feel with violin, strings, piano that sort of thing. I have done a couple with electric guitar and synth stuff. I can send you samples if you're interested in hearing what I'm talking about.
Posted by BuyTex on :
sure, pm and I'll send an e-mail addy...
Posted by moneypenny on :
Still going up for anyone who wants to make back a bit of their money, better than nothing. Are any original holders going to sell? You might be able to pay the commission now,lol. Any L2's? Thanks!
Posted by AByteDoc on :
It looks like the day's forward push on the momentum charts has dropped off after DOMS has jumped back on the ask (more dilution).
.022 x .024
It had been at .014 before yesterday morning's PR's. If there is more dilution in play right now, there's nothing stopping it from going back (and lower).
![[Smile]](smile.gif)
(this part I understand, Wi-Fi will be providing consulting to Consolidated Streaming)![[Frown]](frown.gif)
(does this mean if they do register them they will be given to the shareholders?)![[Big Grin]](biggrin.gif)
![[Eek!]](eek.gif)