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WFTV-CAPTNEMO CALLED ON THIS ONE
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[QUOTE]Originally posted by Original_Cashmaker: [QB] Thanks for the links tong, much more helpful than that transfer agent broad. WFTV par is .001 (at least on the common shares). I think the facts support what both sides are saying here (and I still think it is a healthy debate). It is NEVER a GOOD thing to see a stock you own go down, but I see a silver lining in the ability to accumulate so cheap shares. Also, as the website shows: https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/corpActions.aspx?CorpID=211260&CorpName=WI-FI+TV%2c+INC. There has been a significant jump in the authorized shares: from 250,000,000 to 500,000,000 on 4/1/05 / from 500,000,000 to 1,000,000,000 on 5/25/05 / and from 1,000,000,000 to 1,500,000,000 on 7/1/05. Simply stated this sucks, but it also shows that the process is slow, it takes formal action by the company and Alex can't just print new shares from his ****ter in his office. It is however major dilution for anyone who bought before April, even though it is still relatively minor for a pinksheet company. I am still confident, but, like everyone else I am agitated. That said, I am a litigation attorney (even though I do very little securities litigation) and I assure you that Alex can not do what he feels like, and just because many other pink sheet companies screw people doesn't mean it is right or that they can get away with it. Over the past three years the legal and regulatory framework have changed dramatically--unfortunately it is the small potatoes who are last to conform (or get caught). Stay vigilant and everyone stay on top of this--we need to inform each other and stay educated. Blind faith in god is great, but not in stocks! [/QB][/QUOTE]
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