He said he "turned over" the company assets. What else could be exchanged in return for all of his assets?
This looks like Poli-talk: We believe in their plan so much that we have chosen to move our assets into an equity investment in Omnicity. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 "When you have eliminated the impossible, that which remains, however improbable, must be the truth." --- Sir Arthur Conan Doyle On Tue, Oct 20, 2009 at 11:52 AM, Brad Belton <[email protected]> wrote: > Something about this comment doesn't lead me to believe there was much of > any cash exchanged...could be wrong. > > > Michael Dinkins, President of SUI commented, "The timing is perfect for us > to turn over our fixed wireless assets to Omnicity and we have full > confidence in their ability to deliver on their business model. We believe > in their plan so much that we have chosen to move our assets into an equity > investment in Omnicity." > > Best, > > > Brad > > > -----Original Message----- > From: [email protected] [mailto:[email protected]] On > Behalf Of Marco Coelho > Sent: Tuesday, October 20, 2009 10:43 AM > To: WISPA General List > Subject: Re: [WISPA] WISP BUY OUT > > ummmmm CASHHHHH > > On Tue, Oct 20, 2009 at 10:40 AM, Robert West > <[email protected]> wrote: > > > > I'm sure the lump sum of cash helped the "We wanted out of this business" > > along. > > > > > > > > -----Original Message----- > > From: [email protected] [mailto:[email protected]] On > > Behalf Of Josh Luthman > > Sent: Tuesday, October 20, 2009 11:31 AM > > To: WISPA General List > > Subject: Re: [WISPA] WISP BUY OUT > > > > URL broke on my GUI. > > > > http://tinyurl.com/ykr9lse > > > > When I read > > "The timing is perfect for us to turn over our fixed wireless assets to > > Omnicity..." > > I saw > > We wanted a) out of this business or b) a lump sum of cash > > > > > > Josh Luthman > > Office: 937-552-2340 > > Direct: 937-552-2343 > > 1100 Wayne St > > Suite 1337 > > Troy, OH 45373 > > > > "When you have eliminated the impossible, that which remains, however > > improbable, must be the truth." > > --- Sir Arthur Conan Doyle > > > > > > On Tue, Oct 20, 2009 at 11:27 AM, Chuck Profito > > <[email protected]>wrote: > > > >> Full article at: > >> > >> > > > > http://www.reuters.com/article/pressRelease/idUS202228+19-Oct-2009+GNW200910 > >> 19 > >> > >> > >> RUSHVILLE, Ind., Oct. 19, 2009 (GLOBE NEWSWIRE) -- Omnicity Corp > >> (OTCBB:OMCY) -- > >> the Midwest's largest fixed Wireless Internet Service Provider (WISP), > >> continues > >> forward with its plan to become the premier consolidator in the WISP > >> industry by > >> signing a Letter of Intent with the wireless division of Solutions > >> Unlimited, > >> Inc. ("SUI") of New Castle, Indiana. Doing business as "Midwest WISP", > SUI > >> represents the next of several acquisitions Omnicity plans to announce > >> during Q4 > >> of 2009. Greg Jarman, CEO of Omnicity, stated, "We are pleased to have > >> worked > >> out a great deal for both Midwest WISP and Omnicity and look forward to > >> bringing > >> their subscribers and infrastructure into the fold. This acquisition > adds > >> another important set of assets and an ongoing local marketing presence > to > >> our > >> eastern border." > >> > >> > >> > >> > >> > > > > ---------------------------------------------------------------------------- > > ---- > >> WISPA Wants You! Join today! > >> http://signup.wispa.org/ > >> > >> > > > > ---------------------------------------------------------------------------- > > ---- > >> > >> WISPA Wireless List: [email protected] > >> > >> Subscribe/Unsubscribe: > >> http://lists.wispa.org/mailman/listinfo/wireless > >> > >> Archives: http://lists.wispa.org/pipermail/wireless/ > >> > > > > > > > > ---------------------------------------------------------------------------- > > ---- > > WISPA Wants You! Join today! > > http://signup.wispa.org/ > > > > ---------------------------------------------------------------------------- > > ---- > > > > WISPA Wireless List: [email protected] > > > > Subscribe/Unsubscribe: > > http://lists.wispa.org/mailman/listinfo/wireless > > > > Archives: http://lists.wispa.org/pipermail/wireless/ > > > > > > > > > > ---------------------------------------------------------------------------- > ---- > > WISPA Wants You! Join today! > > http://signup.wispa.org/ > > > > ---------------------------------------------------------------------------- > ---- > > > > WISPA Wireless List: [email protected] > > > > Subscribe/Unsubscribe: > > http://lists.wispa.org/mailman/listinfo/wireless > > > > Archives: http://lists.wispa.org/pipermail/wireless/ > > > > > > -- > Marco C. Coelho > Argon Technologies Inc. > POB 875 > Greenville, TX 75403-0875 > 903-455-5036 > > > > ---------------------------------------------------------------------------- > ---- > WISPA Wants You! Join today! > http://signup.wispa.org/ > > ---------------------------------------------------------------------------- > ---- > > WISPA Wireless List: [email protected] > > Subscribe/Unsubscribe: > http://lists.wispa.org/mailman/listinfo/wireless > > Archives: http://lists.wispa.org/pipermail/wireless/ > > > > > > -------------------------------------------------------------------------------- > WISPA Wants You! Join today! > http://signup.wispa.org/ > > -------------------------------------------------------------------------------- > > WISPA Wireless List: [email protected] > > Subscribe/Unsubscribe: > http://lists.wispa.org/mailman/listinfo/wireless > > Archives: http://lists.wispa.org/pipermail/wireless/ > -------------------------------------------------------------------------------- WISPA Wants You! Join today! http://signup.wispa.org/ -------------------------------------------------------------------------------- WISPA Wireless List: [email protected] Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/
