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CENTRAL WIRELESS (CWIR) LAST TRADE: .0115 (-11.54%) VOL.929,300 HAS GONE DOWN IN THE PAST TWO DAYS. I THINK THIS IS A GOOD ENTRY POINT TO BUY OR ACCUMM. MORE. THE HAVE POSTED NEWS YESTERDAY ON GOVERNMENTAL APPROVAL TO START CONSTRUCCTIONS ON SOME COMMUNICATION TOWERS.
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Hi Gonnaplode: I still have not purchase any of there stocks yet. I'm watching them close. I feel there is a very good opportunity here. So...just need to do a little more DD. Can't wait to see how the open monday. I have an entry point at: .009 @ .01¢ Volume has picked up. Let see what happens.
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GUYS I don't know how far along we are with % of towers raised or the competition, but this looks like for the $1-100k club VAN
Posts: 1424 | From: Peoria, IL. USA | Registered: Oct 2003
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posted
I like the industry took a long road trip to texas and driving down the interstate I keep noticing towers everywhere. Will look to get in and do dd on mon.
Posts: 1164 | From: KANSAS CITY | Registered: Aug 2003
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CWIR has an agreement with Alliance Towers, Inc to build all of their Towers. According to Ken Brand (CEO) he expects to build in the order of 25-30 Towers this year. Construction revenues generate between 40-50K per tower. This does not include other services for site preparation, permitting etc.
CWIR has recently purchased 4 Towers for construction that will belong to CWIR. Sites have not been established/announced for these towers as of yet. Each Tower generally has space for between 3-4 tenants. Usually the Anchor tenant is locked in before the tower is established. I believe the contracts are generally for a five year period paid for one year in advance.
"Rent" fees are on the order of 1750-2500 dollars per month per tenant. I think if you all do the math you will see that this adds up fairly quickly....and suggests that CWIR has a very bright financial future (IMO).
I have more information, but I need to update it with more recent information.
BEst of luck to all
These towers go up very quickly, so expect news soon.
Posts: 95 | From: Watertow, MA, USA | Registered: Dec 2003
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GREAT DUE DILIGENCE (Compilation from RB Board)
(A)FROM ALLIANCE TOWERS....
OUSLEY TOWER FACILITY The Ousley Tower Facility will be located in Brooks County, GA. The facility will be located on a leased parcel of property. The ground lease has been executed and the initial lease term is five (5) years with five (5), five year automatic renewals (total 30 years) unless terminated by Alliance Towers prior to the renewal dates. Rent is Five Hundred Dollars ($500) per month with 10% escalation beginning on the anniversary of every five year term and commences upon the start of construction. Cingular Wireless is the anchor tenant. As per the executed Letter of Intent, the Carrier Lease Agreement's rent will be at One Thousand Seven Hundred and Fifty Dollars ($1750) per month with 3% escalation yearly. One years rent to be paid in advance. The initial term is for five (5) years with five (5), five (5) year automatic renewals (total 30 years) unless terminated by Cingular Wireless prior to the renewal dates. The Carrier Lease Agreement has been executed by Cingular. Rent shall start upon the completion of construction of the facility which is currently scheduled in the 4th quarter of calendar year 2003.
Notice "aggreement has been executed by Cingular"
NORMAN TOWER FACILITY
The Norman Tower Facility will be located in Colquitt County, GA. The facility will be located on a leased parcel of property. The ground lease has been executed and the initial lease term is five (5) years with five (5), five year automatic renewals (total 30 years) unless terminated by Alliance Towers prior to the renewal dates. Rent is Five Hundred Dollars ($500) per month with 10% escalation beginning on the anniversary of every five year term and commences upon the start of construction. Cingular Wireless is the anchor tenant. As per the executed Letter of Intent, the Carrier Lease Agreement's rent will be at One Thousand Seven Hundred and Fifty Dollars ($1750) per month with 3% escalation yearly. One years rent to be paid in advance. The initial term is for five (5) years with five (5), five (5) year automatic renewals (total 30 years) unless terminated by Cingular Wireless prior to the renewal dates. The Carrier Lease Agreement has been executed by Cingular. Rent shall start upon the completion of construction of the facility which is currently scheduled in the 4th quarter of calendar year 2003.
PINEBORO TOWER FACILITY
The Pineboro Tower Facility will be located in Colquitt County, GA. The facility will be located on a leased parcel of property. The ground lease has been executed and the initial lease term is five (5) years with five (5), five year automatic renewals (total 30 years) unless terminated by Alliance Towers prior to the renewal dates. Rent is Five Hundred Dollars ($500) per month with 10% escalation beginning on the anniversary of every five year term and commences upon the start of construction. Cingular Wireless is the anchor tenant. As per the executed Letter of Intent, the Carrier Lease Agreement's rent will be at One Thousand Seven Hundred and Fifty Dollars ($1750) per month with 3% escalation yearly. One years rent to be paid in advance. The initial term is for five (5) years with five (5), five (5) year automatic renewals (total 30 years) unless terminated by Cingular Wireless prior to the renewal dates. The Carrier Lease Agreement has been executed by Cingular. Rent shall start upon the completion of construction of the facility which is currently scheduled in the 1st quarter of calendar year 2004.
SMITH TOWER FACILITY
The Smith Tower Facility will be located in Colquitt County, GA. The facility will be located on a leased parcel of property. The ground lease, whose terms and conditions have been accepted by the landowner, is currently in process. The proposed lease's initial term is for five (5) years with five (5), five year automatic renewals (total 30 years) unless terminated by Alliance Towers prior to the renewal dates. The proposed rent is Three Hundred Dollars ($300) per month with 10% escalation beginning on the anniversary of every five year term and commences upon the start of construction. Cingular Wireless is the anchor tenant. As per the executed Letter of Intent, the Carrier Lease Agreement's rent will be at One Thousand Seven Hundred and Fifty Dollars ($1750) per month with 3% escalation yearly. One years rent to be paid in advance. The initial term is for five (5) years with five (5), five (5) year automatic renewals (total 30 years) unless terminated by Cingular Wireless prior to the renewal dates. Rent shall start upon the completion of construction of the facility which is currently scheduled in the 1st quarter of calendar year 2004.
OMEGA TOWER FACILITY
The Omega Tower Facility will be located in Tift County, GA. The facility will be located on a leased parcel of property. The proposed ground lease, currently under negotiation, has an initial term of five (5) years with five (5), five year automatic renewals (total 30 years) unless terminated by Alliance Towers prior to the renewal dates. Rent is Five Hundred Dollars ($500) per month with 10% escalation beginning on the anniversary of every five year term and commences upon the start of construction. Cingular Wireless is the anchor tenant. As per the executed Letter of Intent, the Carrier Lease Agreement's rate will be at One Thousand Seven Hundred and Fifty Dollars ($1750) per month with 3% escalation yearly. One years rent to be paid in advance. The initial term is for five (5) years with five (5), five (5) year automatic renewals (total 30 years) unless terminated by Cingular Wireless prior to the renewal dates. Rent shall start upon the completion of construction of the facility which is currently scheduled in the 1st quarter of calendar year 2004.
LINE TOWER FACILITY
The Line Tower Facility will be located in Coweta County, GA. The facility will be located on a leased parcel of property. The proposed ground lease, currently under negotiations, has an initial term of five (5) years with five (5), five year automatic renewals (total 30 years) unless terminated by Alliance Towers prior to the renewal dates. Rent is Five Hundred Dollars ($500) per month with 10% escalation beginning on the anniversary of every five year term and commences upon the start of construction. Cingular Wireless is the anchor tenant. The Letter of Intent for the site has been submitted to Cingular for signature. The Carrier Lease Agreement's rate will be at One Thousand Seven Hundred and Fifty Dollars ($1750) per month with 3% escalation yearly. One years rent to be paid in advance. The initial term is for five (5) years with five (5), five (5) year automatic renewals (total 30 years) unless terminated by Cingular Wireless prior to the renewal dates. Rent shall start upon the completion of construction of the facility which is currently scheduled in the 2nd quarter of calendar year 2004.
SASSER TOWER FACILITY
The Sasser Tower Facility will be located in Terrell County, GA. The facility will be located on a leased parcel of property. The ground lease has been executed and the initial lease term is for five (5) years with five (5), five year automatic renewals (total 30 years) unless terminated by Alliance Towers prior to the renewal dates. Rent is Six Hundred Dollars ($600) per month with 10% escalation beginning on the anniversary of every five year term and commences upon the start of construction. Verizon Wireless is the anchor tenant. The Carrier Lease Agreement's rate will be at One Thousand Eight Hundred Dollars ($1800) per month with 3% escalation yearly. The initial term is for five (5) years with five (5), five (5) year automatic renewals (total 30 years) unless terminated by Verizon Wireless prior to the renewal dates. The Carrier Lease Agreement is currently in process at Verizon awaiting signature. Rent shall start upon the issuance of a building permit for construction of the facility which is currently scheduled in the 4th quarter of calendar year 2003.
GREENS CUT TOWER FACILITY
The Greens Cut Tower Facility will be located in Burke County, GA. The facility will be located on a leased parcel of property. The ground lease has been executed and the initial lease term is for five (5) years with five (5), five year automatic renewals (total 30 years) unless terminated by Alliance Towers prior to the renewal dates. Rent is Six Hundred Dollars ($600) per month with 10% escalation beginning on the anniversary of every five year term and commences upon the start of construction. Verizon Wireless is the anchor tenant. The Carrier Lease Agreement's rate will be at One Thousand Eight Hundred Dollars ($1800) per month with 3% escalation yearly. The initial term is for five (5) years with five (5), five (5) year automatic renewals (total 30 years) unless terminated by Verizon Wireless prior to the renewal dates. The Carrier Lease Agreement is currently in process at Verizon awaiting signature. Rent shall start upon the issuance of a building permit for construction of the facility which is currently scheduled in the 4th quarter of calendar year 2003.
GEORGETOWN TOWER FACILITY
The Georgetown Tower Facility will be located in Georgetown County, SC. The Facility will be located on a leased parcel of property owned by Georgetown County. The ground lease has been approved and the initial lease term is for ten (10) years with nine (9), five (5) year terms (total 55 years) unless terminated by Alliance Towers prior to the renewal dates. Rent is $10 per year with no escalation. Georgetown County's Department of Emergency Services is the anchor tenant. The Department's Lease Agreement rate will be Seven Hundred Fifty Dollars ($750) per month with 2% escalation per year. The initial term is for ten (10) years with four (4), five (5) year automatic renewals (30 year total) unless terminated by the County prior to the renewal period. The County's Lease Agreement is approved. Rent shall start upon the completion of construction of the facility which is currently scheduled in the 4th quarter of calendar year 2003.
(B) SITES IN SITE ACQUISITION AND LEASING PROCESS Alliance Towers is currently in the site acquisition and leasing process on twelve additional sites in Georgia. The sites are based upon the projected requirements for locations by Verizon and other wireless carriers for the proposed 2004 network expansions. Alliance Towers currently has one lease option completed in Randolph County and one lease in negotiations in Webster County. Preliminary scouting and zoning reports have been prepared on all site area locations.
(C) MORE THAN 30 NEW SITES LISTED... go to alliance's website...alliancetowers (dot) com, click on site locations...then spreadsheet format. Wasn't hard to find.
(D) POSTED BY WALLWIZZ cwir has all of alliance's tower's. alliance is the prime contractor, cwir is their sub. during the earlier permit phase, alliance owed cwir a considerable amount of money. this was repaid and will be reflected in the next 10q. i'm not sure of the exact amount that all the permits cost per tower but it's upwards of 20k for each, also; the engineering by cwir was reimbursed. cwir handled all the expense until recently. i would say that alone would guarantee cwir all the tower's. in addition to alliances business, cwir has aquired 3 of their own towers. in the future they will install these and own them along with the monthly rev's.
(E) RESPONSE BY BALDWIN51.... I assumed that the permit fees came from one of the two and that it would be included in the contract with Alliance if CWIR had borne the expense up front. This too will add to the income stream next 10Q. Here is the link for the Norman Tower permit and FCC regulations concerning same...referencing Alliance now approved certificate.
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Ken Brand CEO interviewed on TradersNation.com
I'll summarize the discussions, but urge all those interested to listen to the interview for themselves.
Ken described 14-18 Towers in total to be constructed for Alliance Towers (Old Numbers, More have been added since this time) CWIR has signed a letter of agreement with Alliance Towers (A holding Company) "to do all of their construction for Alliance Towers"
Ken Brand also described 6-7 towers that are to be built in Kansas, Oklahoma, and Missouri areas.
5 (Guyed) Towers are going to be built for a city (location not given) in South Carolina. These towers mark CWIRs entry into the Broadband Systems arena and the towers will be owned and operated by both the City and the Hospital.
Recent PR Dec 4th 2003 "Central Wireless announced today that it has finalized an agreement with Alliance Broadband to provide Development and Construction Services, including site acquisition for wireless tower facilities in the Southeastern United States.
Alliance Broadband, is a joint venture between Alliance Towers and an undisclosed wireless broadband provider in the Southeast. The joint venture will offer scalable bandwidth solutions in the 2.4 to 5.8 MHZ frequencies, both line of site and non line of site technologies will be available across the network. The network will have the ability to be rapidly deployed with low bandwidth cost."
Future Revenues: Revenues are estimated at 40-50 K per Tower. This does not include revenue generated for additional services provided by CWIR such as site acquisition, Co-localization studies, site engineering etc.
CWIR is currently working on approximately 20 projects that are at various stages and are expected to be built out over the next 12 months.
Future Growth: Expect to build out 30-40 Towers per year, with revenues of between 1.5-2.0 million (for construction alone). This does not include re-curring revenues that would be generated from towers that CWIR will own and lease space on.
So Why Should you Invest in CWIR: (a) Share Price is Extremely Low (b) CWIR is a young agressively growing company (c) Cellular Phone industry is growing rapidly and the demand for towers is very high. (d) CWIR is expanding into Broadband Services.
Also important...is the fact that we can expect regular press releases/updates on progress made by the company.
So if I have missed anything please add to this discussion after listening to Ken Brand's audio presentation. You can find this information by going to TradersNation.com and searching for CWIR under News.
Many thanks to Baldwin51 for the heads-up on this news!
As to funding, CWIR has already obtained 600,000 dollars from investment bankers and is working on acquiring an additional 5 million dollar investment package (Now completed). The company also owns 100 million shares of a Holding Company (my best guess here is that the holding company is Alliance Towers).
Posts: 95 | From: Watertow, MA, USA | Registered: Dec 2003
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Most Recent Press Release about Sasser Tower Facility.
Central Wireless Announces Final Governmental Approvals for Alliance Towers' Sasser Tower Facility
SARASOTA, Fla., Jan 7, 2004 (BUSINESS WIRE) -- Central Wireless (OTCBB:CWIR) announced today the completion of the required governmental approvals to allow the start of construction at Alliance Towers' Sasser Facility located in Terrell County, Ga. The 260 foot tower and facility are designed to accommodate Alliance Towers' anchor tenant Verizon Wireless and an additional 3 wireless carriers. Construction is scheduled to be completed in the first quarter of 2004.
Steve Troyan, Vice President of Construction for Central Wireless stated, "The approval process on this particular site has been protracted and we are looking forward to beginning construction later this month."
About Central Wireless, Inc.
Central Wireless, Inc. is a publicly traded Utah Corporation specializing in providing site development and construction services to the wireless telecommunications industry. Central Wireless understands the needs and complexities found in today's telecommunication marketplace and we are committed to offering our customers both innovative and cost savings solutions. For more information on Central Wireless, Inc. see http://www.centralwirelessinc.com.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements that involve a number of risks and uncertainties. It is possible that the assumptions made by management are not necessarily the most likely and may not materialize. In addition, other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the Company's industry and general economy; competitive factors; ability to attract and retain personnel; the price of the Company's stock; and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-KSB; its quarterly reports on Forms 10-QSB; and any reports on Form 8-K. Central Wireless confirms nor provides guidance with respect to the financial projections supplied by other companies. Central Wireless takes no obligation to update or correct forward-looking statements.
SOURCE: Central Wireless, Inc.
Posts: 95 | From: Watertow, MA, USA | Registered: Dec 2003
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Seems interesting revenue up 26,000$ from 0
"Central Wireless’s Senior Management and Board Members understand the firm’s marketplace from all perspectives. They have this understanding because they’ve held senior management positions in major firms in both the wireless service providers/carriers and tower development sector." 11Jan04 From http://www.centralwirelessinc.com/Profile-cw.htm
Just some thought Depending who senior mgt is, could very well determine probability of large potential contracts. Did anyone in senior mgt hold a high position for large well known cellular company?
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Next Quarterly Financials should be better if the Towers that they recently completed for Alliance Towers are reported. If not then 1st Quarter 2004 ought to be really great.
Posts: 95 | From: Watertow, MA, USA | Registered: Dec 2003
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Was in Sarasota about a week ago. Could have paid them a visit if I would have known about them. Maybe I can get someone I know in the area to check them out.
Posts: 491 | From: laurel,md,usa | Registered: Feb 2000
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I agree, you could be very right. Great possibility for a + significant change in their bottom line. Already gone from nothing to 26,000revenue last Quarter. I don't even see where they completed any towers in that time frame. Could they have been fronted money? Fomr what I see Qreport filed November. First time I notice completion of towers is in December. At least 3 towers from what I see. Curious to know how much this company generates from a contract with one of these towers.
quote:Originally posted by Gonnaplode: Next Quarterly Financials should be better if the Towers that they recently completed for Alliance Towers are reported. If not then 1st Quarter 2004 ought to be really great.
[This message has been edited by derek111c (edited January 11, 2004).]
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Everyone got shook up a week ago over insider selling but it appears that the funds were for a good cause, building their own revenue producing towers. The nice thing about these towers is the fact that big name companies are leasing (5yr leases) from CWIR and that means never ending revenue to this company. You can contact Ken by email and he's good at getting back to you quickly. I have asked questions of hime on a couple of occasions. He's not evasive like many contacts we deal with in the pennies, in fact he's very upbeat, possitive, and excited about this company. I don't think anyone is getting rich tomorrow, but for a long investment I think this has the old "1-1000" will make it "winner" written all over it. 2005 will be the good year for this stock in my opinion, but money can be made on the way up if played correctly. Good for accumulation and cost averaging for when it does go.
Central Wireless Inc. Announces Tower Completion Monday January 12, 7:04 am ET
SARASOTA, Fla.--(BUSINESS WIRE)--Jan. 12, 2004--Central Wireless (OTCBB:CWIR - News) announced today that the Company has completed the erection of the three hundred foot (300') guyed tower facility for Alliance Towers at the Greens Cut site located in Burke County, Ga. The facility has Verizon Wireless as its anchor tenant and will accommodate three additional wireless carriers. This is the first of three to be completed in this county.
Steve Troyan, Vice-President Construction for Central Wireless stated, "we have completed another tower for Alliance in the Georgia marketplace and met our construction obligation on schedule, on time, and within budget."
About Central Wireless, Inc.
Central Wireless, Inc. is a publicly traded Utah Corporation specializing in providing site development and construction services to the wireless telecommunications industry. Central Wireless understands the needs and complexities found in today's telecommunication marketplace and we are committed to offering our customers both innovative and cost savings solutions. For more information on Central Wireless, Inc. see www.centralwirelessinc.com.
Posts: 95 | From: Watertow, MA, USA | Registered: Dec 2003
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Hey Guys... Excellent DD....grate news. Some I had read already and other I had not. This info. conferms my gut feeling that this will be a must to have. I'm all over this one. Good price also.
i read this thread last night then had a dream. all i remember is that i saw a lot of towers being built, dozens of them. weird thing is tho some were built from top to bottom. don't know how that would work.
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I know this is not NEW however I liked what it had to say. It says to me they have the resources they need in the short term to make it to being a very profitable company.
OLD NEWS
11/4/2003 6:00:00 AM SARASOTA, Fla., Nov 4, 2003 (BUSINESS WIRE) -- Central Wireless, Inc. ( CWIR ) announced today that it has signed an agreement for a $5,000,000 equity line of credit. The equity line allows the Company to draw funds over a two year period.
The line of credit will be used to expand the Company's cellular tower projects in the United States. The funds will provide equity in as many as forty proposed tower construction projects under review by Central Wireless.
The Company's CEO Ken Brand said today, "This funding will be the catalyst for our growth phase over the next two years. We intend to apply our construction and site selection expertise to leverage the benefits of this equity funding and grow the Company to become a significant force in the Southeastern United States."
------------------ Let not the rich man glory in his riches.
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This message was posted to RB board by another shareholder....
i just got off the phone with ken, he answered all my questions.
the 31st of december posting was purely coincedental, that's when the lawer and accountants finished. allc filed the same day.
the shares that were registered are all restricted. 500 million for financing will only be touched if they should need some cash. alliance still owes some money for the tower contruction, they will be flush after the sec approves their 10 million at that point allc will pay up and cwir will not need to borrow for pay rolls. allc's 10 million is thru cornell capital.
ken still fills that they will turn 1.5 million in y2k4.
also cwir hopes to have 10 towers built that belong to them. they already have 4 towers ready to go up once they acquire the sites. 10 towers with 1 tennant equates to 18k per month and by the way, the carrier's pay a year in advance..
as if now, allc towers tennant are singular and verizon, possiblity of nextel coming aboard.
25 to 30 towers in the next 9 months.
Posts: 95 | From: Watertow, MA, USA | Registered: Dec 2003
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posted
One good reason for a reverse split(depending on what they take the price to) will for a strong growing comapny attract institutional investors. There are none now,but if some come on board that will be a good sign.
Posts: 1424 | From: Peoria, IL. USA | Registered: Oct 2003
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Wall Street News Alert -- Aggressive Investment Focus List!
WESTON, Fla., Jan. 13, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this Tuesday morning are: Viastar Holdings Inc. (OTCBB:VISH), PTS Inc. (OTCBB:PTSO), e.Digital Corporation (OTCBB:EDIG) and Central Wireless Inc. (OTCBB:CWIR).
Aggressive investors need to be watching Viastar Holdings Inc. (OTCBB:VISH) this morning! Yesterday after the markets closed, the company issued a press release announcing that the company has appointed Mr. Kenneth J. Yonika its newest member of management as Chief Financial Officer and the latest addition to its Board of Directors!
This could be great news for investors! Mr. Yonika has an extensive background in corporate finance and "Big Six" public accounting and has worked with a number of public companies as either a consultant, Chief Financial Officer and/or as a member of the Board of Directors. Mr. Yonika's expertise in the many facets of corporate finance, mergers and acquisitions, public offerings, capital formation, and business valuation, coupled with industry experience in distribution and manufacturing, has made him the optimum choice as Viastar's newest member of management. Mr. Yonika has served as liaison with corporate underwriters, auditors, various regulatory bodies, investors and venture capitalists.
Keep your eye on this one! Since 1996, Mr. Yonika gained significant experience in corporate management, serving as Vice President of Finance in the international health products industry, where he also acquired extensive experience in distribution and manufacturing for companies grossing $50 million plus annually. In addition, Mr. Yonika participated in several IPO's throughout his career as a member of management and as an independent Certified Public Accountant.
"After months of searching for the perfect candidate, we find ourselves fortunate to acquire a top notch finance professional. Ken has the necessary skill set and experience that will move Viastar towards carrying out its ambitious plans for growth and increasing shareholder value," stated Company CEO John D. Aquilino.
On January 5th, 2004, the company issued a press release announcing that recording has begun for legendary platinum songwriter/producer Gardner Cole's greatest hits.
In case you are unfamiliar with Viastar Holdings, Inc., the company is engaged in development, production and distribution of entertainment related media for film, television, music and publishing interests. The company's portfolio currently includes ownership of Viastar Distribution Group, A.V.O. Studios, Moving Pictures International, Viastar Records, Quadra Records, Light of the Spirit Records, and Viastar Classical. The stock closed yesterday at fifty-seven cents a share.
Stocks showing interesting activity yesterday were: PTS Inc. (OTCBB:PTSO) down 18.7% on 14.6 million shares traded, e.Digital Corporation (OTCBB:EDIG) up 2% on 441,400 shares traded and Central Wireless Inc. (OTCBB:CWIR) even on 7.2 million shares traded.
Commentary:
"This week will be big for earnings: Wednesday in the tech sector with Apple, Intel, and Yahoo reporting, Thursday will be many financials including Bank of America, FleetBoston, and Fifth Third Bancorp. Also Wednesday, the "beige book," a report on regional economics put out by the Federal Reserve. Closely watched because it contains data the Fed looks at to determine inflation in its meetings two weeks later," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
WSNA's email alert service is free to those investors who sign up on the WSNA home page. The alert service is designed to notify investors of undervalued and often overlooked stocks. Subscribers are introduced to Special Situation companies that have the potential of showing increased activity. The Wall Street News Alert home page has experienced over 12 million hits. To subscribe to this free service, visit the Wall Street News Alert home page at http://www.wallstreetnewsalert.com and select the "join now" button.
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Not sure where they pulled this one from???? But anyway, perhaps someone here can point me to a stock that has a 5 Million dollar equity line of credit (based on shares to be sold if and when they are needed to raise funds for the company....recent S8 filing) that then does a reverse split the very next month before these shares have even been traded in the market?????
doesn't make a whole lot of sense to me, but what do I know? Perhaps someone else out there can comment on this one.....but I seriously doubt that this has any merit whatsoever (JMO).
Posts: 95 | From: Watertow, MA, USA | Registered: Dec 2003
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posted
GP I don't think the reverse split changes anything. If you have 50m@.01 you can raise $500,000 if reversed 1:100 you can raise the same $500,000 @ a$1.00. The perception now changes for the company. VAN
[This message has been edited by VNGNTN1 (edited January 14, 2004).]
Posts: 1424 | From: Peoria, IL. USA | Registered: Oct 2003
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posted
Hey Joe Cool did you ever pick any of this one up. I still have my eye on this one. Posts: 491 | From: laurel,md,usa | Registered: Feb 2000
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quote:Originally posted by derek111c: Hey Joe Cool did you ever pick any of this one up. I still have my eye on this one.
NO I HAVE NOT BEEN ABLE TO FILL MY ORDER, SINCE I NEVER PUT A MARKET ORDER, MY LIMIT ORDERS ARE ALLMOST ALL WAYS HARD TO FILL OR SLOW TO FILL. BUT I'M HOPPING IT DOES GO TRUE.
I HAVE A STRONG FEELING WITH THIS ONE. JUST KEEP A CLOSE WATCH ON IT.
Can I get a little help please?? How does CWIR stack up to the other towers companies like SBAC, CCI and AMT??? THEY were all pennies a year ago. Now SBAC $5+, and the other 2 around $12 each.
This one has been on my watch list for months - but seems stuck between .009-.016 -
Any opinions please, before I start my DD....
Thanks
Steve
Posts: 2793 | From: Coral Springs, FL, USA | Registered: Aug 2003
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