CWIR DD: UncleFester Tuesday, 11/28/17 04:54:
Post# of 103014
UncleFester Tuesday, 11/28/17 04:54:19 PM
Nov 28: CWIR Central Wireless - closed $.0018
So here’s the scoop with supporting documentation…
1. Five really sharp business professionals spent over a year working on and compiling multiple acquisition targets that they could take public under one ticker.
CWIR was clean and available:
5B Authorized, 2.3B Outstanding, 1.1B Float - NO DILUTION - nada zip
Info on Officers/Board Members: https://investorshub.advfn.com/uimage/uploads...pture6.JPG
PERSONAL TAKE: I’ve never seen a more talented group of officers. They all hold preferred shares and not one member of the officer or management team has a single share of common rendering it clean from the possibility of company dilution.
..."after inquiry of management, we have determined that the directors and control persons, the Company, its officers, directors or any controlling shareholders have not sold or purchased the Company's securities within the past 60 days. Furthermore, Management doesn’t currently own any common shares of stock."
2. In a Letter To Shareholders, the CEO stated a couple of things that should get everyone’s attention…
• “We’re an acquisition holding company that will purchase private operating businesses with annual revenues of between $5 million to around $30 million. These businesses will become wholly owned subsidiaries of CWIR, the parent company.”
• “What about the money, the acquisition capital? We look at it this way, there’s a lot of money in the world. The money is there when the deal is there. Collectively, we’ve built long term relationships with ready, willing and able partners that like what we are doing. The bigger our market cap, the better the capital at our disposal the more we can acquire and so on and so on...”
• “If you ask me where we see ourselves in five years, I would say that we would like to have ten to fifteen subsidiaries under our umbrella at all times and spinning off or selling four or five each year."
Letter to Shareholders: https://www.otcmarkets.com/companyPresentatio...ymbol=CWIR
PERSONAL TAKE: “Ten to fifteen subsidiaries under our umbrella at all times and spinning off or selling four or five each year.” That’s reason enough to own this stock, especially since it’s trading under .002 right now and at a market cap of around 4M-5M, but let’s forget about ten to fifteen…let’s just take one deal... any deal from $5M to $30M. Let’s split the difference and say they acquire one company at $17.5M in revenue and 20% profits or 3.5M.
At an S&P Average P/S, JUST ONE SINGLE DEAL puts this stock at .0159. At an S&P Average P/E, JUST ONE SINGLE DEAL puts this stock at .037. Long term, 15 of those = a minimum of 55 cents per share.
3. So why is this stock trading at such a low price?
• They haven’t closed their first acquisition yet, first and foremost, but they only began the process as of Sept 15 or a little over 60 days ago, and…
• Their first announced acquisition is a trucking company burdened by overwhelming debt and they’re languishing in bankruptcy courts in hopes of emerging as an operating entity without the debt moving forward. That is an arduous process that is difficult to comprehend by most as to the complexities and many have convinced themselves that it will never happen.
The good news is that most of the courtroom activity took place today...
We should get an update from the company on this activity soon, but with all the acquisitions in the pipeline, this one deal is just gravy once it's complete.
• They’re also dealing with the fact that an outside group promoted the hell out of this stock via newsletters using their own spin on what they thought the company was doing and capable of and the company got flagged by OTCM and dinged with a 30 day skull/crossbones status. They addressed it nicely in this following PR...
https://www.otcmarkets.com/ajax/showNewsRelea...f?id=28149
Stats would suggest a removal somewhere in the December 6 - December 15 timeframe based on other companies with similar status.
4. What has the company done since then to indicate that they’re more than just another OTC penny ticker with a nasty skull and crossbones?
• First, they hired legal representation that is only done at a NASDAQ NYSE level…
https://www.otcmarkets.com/ajax/showNewsRelea...f?id=28115
• Second, they hired a top notch PR firm also of the same caliber if you look at their client list…
https://www.otcmarkets.com/ajax/showNewsRelea...f?id=28253
PERSONAL TAKE: This is simply a gut feel based on what’s been published and the current feel on the boards, but since some of these deals have been in the works for months now, I would guess that this PR firm is getting ready to begin making announcements on further acquisition targets while we wait on further communications on the first.
5. What are further indicators that make this a stock to consider? Their original company presentation…
https://www.otcmarkets.com/companyPresentatio...ymbol=CWIR
PERSONAL TAKE: I doubt this team likes trading at the pink sheet level and I would wager that the amount of calls they’ve received and the overwhelming amount of calls made to their first acquisition target has only cemented that thought process. If you look at the caliber of business professionals that make up this team of officers and board members, the financial relationships that they have and their backgrounds, I would wager that they’ll be chomping at the bit to get out of the pink sheet world sooner rather than later. Further, and I’m simply speculating here, but my personal target of .037 by year end is based on the company announcing just one additional acquisition soon since they now have a top notch PR firm and closing on that deal by year end. If not, it could drag into early January, but either way, it's clear what just one acquisition could do for the PPS. I could be wrong; nothing is ever a certainty, but based on my experience and what I’ve been able to glean to date, I don’t think that I am and am investing accordingly.
GLTA UF