posted
I feel your pain.There is nothing worse then the dreaded R/S.These are penny stocks for a reason.I look at this like the lottery,most of these companies will be dried up in years to come but we might get lucky with a few and go like taser guns or some others.Never put to much in one stock for fear of losing but scatter your money among many stocks and someday you might hit the big one.GLTA
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posted
NEWPORT BEACH, Calif., Jul 22, 2005 (PRIMEZONE via COMTEX) -- Wi-Fi TV, Inc. (Pink Sheets:WTVN) has announced that its new ticker symbol, effective today, is WTVN (formerly Pink Sheets:WFTV) The Company's new ticker symbol coincides with a 1-for-200 stock split, also effective as of today.
Wi-Fi TV Inc. also announces that it has entered into a Letter of Intent, effective as of today, with Consolidated Streaming, Inc. (Other OTC:CSEMF), providing for the parties to enter into a definitive agreement whereby WTVN will own 15 million shares of Consolidated Streaming's common stock in consideration for providing communications and strategic services to Consolidated Streaming worth approximately $150,000 in value. Consolidated Streaming is a company engaging in Internet streaming video broadcasting, and Wi-Fi TV has garnered extensive experience in that field during the last several years, through the development of such products as CinemaPop UK.
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.
"We are looking for international synergy with Wi-Fi TV Inc. as we implement our streaming channels platform," said Keith Friedman, Chairman of Consolidated Streaming Inc. "We also will help Wi-Fi TV Inc. implement its global vision of online movie and TV delivery," he added.
Wi-Fi TV, Inc. also announced that it is opening a suite of new corporate offices on August 1, 2005, located at 3408 Via Oporto, Newport Beach, CA 92663. One of these offices will be utilized to showcase content and technology belonging to Wi-Fi TV, Inc., on a by-appointment basis.
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In terms of how it will show up in your account now, my Ameritrade account likes to freeze the stock for about 3 days. Then, it automatically updates my portfolio with the new symbol and amount of shares.
The prob is that you may not be able to trade it during that time and it may fall dramatically during that time as well. It's an ugly scenario.
-------------------- You can't afford to risk, what you can't afford to loose.
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I love it -- AK rushed that item straight to press. I'll reserve my comments until I hear from folks who can discern a little better whether it is more fluff -- or actually a little substance.
-------------------- "The mob has many heads but no brains..."
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posted
abyte can you post the full b/a depth, all mms? thanks
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot.
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posted
i am trulysorry this happened to you guys it has happened to me before and will most likly happen again. i have been watching this stock and was even in it for a while but it never seemed right i left and took a loss. but i sure wish i was wrong for you guys sake. any way what it takes to make you feel good is a nice 10 bagger glta
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it is FLUFF!! value 150,000$, how far will that go!, (and still has 1.5 billion authorized) alex made more dumping stock on us in a couple of days
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Thanks Byte! im putting in a bid at .01 for a few hundred hoping for a sell off, maybe ill get hit and be able to get some of my money back if people buy after the radio interview, im not putting much in, even at .01
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot.
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posted
sigh, my average is .0017, i am about loose all right now. sux that i am using scottrade account, anyone here is using scottrade account? does anybody knows when i can start to trade the symbo under wtvn? cause it still shows wftv.pk under my account.. errr. another question, does RS always a bad thing? what is the possibilities that going to a dollar?
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posted
It's probably lost half it's value. That would mean (by yesterday's standard), that the stock has dropped from .0005 to .00025
It's really too bad about the R/S. I really think we had found a bottom this last week.
Now, with the stock opening for 10 cents (.1), there's no telling where the floor will be. He could dilute and dilute and we could go all the way down again. Thus, no real entry point anywhere.
-------------------- You can't afford to risk, what you can't afford to loose.
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