Wonder when the last time was Omnicity actually completed a deal. Lots of LOI I am aware of. Not many closures. They even announced the acquisition of company they were not in active negotiations with.
Robert West wrote: > Yeah, cash for stock. Faith that they will not be screwed. > > > > -----Original Message----- > From: [email protected] [mailto:[email protected]] On > Behalf Of Brad Belton > Sent: Tuesday, October 20, 2009 11:53 AM > To: 'WISPA General List' > Subject: Re: [WISPA] WISP BUY OUT > > 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/ >> >> > > > > -- Scott Reed Sr. Systems Engineer GAB Midwest 1-800-363-1544 x4000 Cell: 260-273-7239 -------------------------------------------------------------------------------- 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/
