posted
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
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?
"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???
Posts: 734 | Registered: May 2005
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posted
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,
-------------------- WHADDYA MEAN I CAN BE PRESIDENT OF THE USA.ITS STILL WE THE PEOPLE.RIGHT? Posts: 2048 | From: THE LAND OF CAPS LOCK. | Registered: Oct 2004
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posted
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.
Posts: 720 | Registered: May 2004
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posted
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
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
Posts: 720 | Registered: May 2004
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posted
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.
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???
-------------------- If you made money, it was a good trade Posts: 453 | From: Cleveland, Ohio | Registered: Apr 2005
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posted
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
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?
Posts: 2503 | From: connecticut | Registered: Mar 2005
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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
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
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 ]
Posts: 734 | Registered: May 2005
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posted
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
This is interesting. I wish I would have seen it sooner. Take a look at the numbers made available at this link --> http://finance.yahoo.com/q/is?s=wtvn.pk.
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...
-------------------- "The mob has many heads but no brains..." Posts: 125 | From: Somewhere out there... | Registered: Jun 2005
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posted
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
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???
-------------------- If you made money, it was a good trade Posts: 453 | From: Cleveland, Ohio | Registered: Apr 2005
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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?
-------------------- You can't afford to risk, what you can't afford to loose. Posts: 2422 | From: dc | Registered: Jun 2005
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posted
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).
-------------------- You can't afford to risk, what you can't afford to loose. Posts: 2422 | From: dc | Registered: Jun 2005
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posted
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.
Posts: 720 | Registered: May 2004
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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?
-------------------- "The mob has many heads but no brains..." Posts: 125 | From: Somewhere out there... | Registered: Jun 2005
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posted
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
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.
-------------------- Sometimes I just want a NORMAL life? Posts: 652 | From: 90210 | Registered: May 2005
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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)
-------------------- Remeber! 99% of penney stocks are scams, but with only that 1% you can be rich Posts: 436 | From: University of Sounthern California | Registered: May 2005
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(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?)
