Reminds me of a guy that put up a "For Sale or Build to Suit" sign on a
piece of land next to the piece he owned. He didn't actually own the
land, but was trying to pull a fast one... the sign lasted about two
weeks before it was ripped down. Anyone can write LOI... they mean absolutely nothing. I'm not even sure what the point is... Travis Microserv Scott Reed wrote: 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: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] 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: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] 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 <robert.w...@just-micro.com> wrote:I'm sure the lump sum of cash helped the "We wanted out of this business" along. -----Original Message----- From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] 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 <cprof...@cv-access.com>wrote:Full article at:http://www.reuters.com/article/pressRelease/idUS202228+19-Oct-2009+GNW20091019 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",SUIrepresents 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 presencetoour eastern border."--------------------------------------------------------------------------------WISPA Wants You! Join today! http://signup.wispa.org/--------------------------------------------------------------------------------WISPA Wireless List: wireless@wispa.org 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: wireless@wispa.org 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: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/ |
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