Received from PQL Research August 02, 2005
WI-FI TV, INC
Fundamentals:
Revenue: Nill
Outstanding: 9,556,868 (Transfer Stalt, Inc – Verified Via
Telephone)
Market Cap at .02 bid: $191,000
wi-fitv.com
cinemapop.com
Chart (Reversal Just Starting):
stockcharts.com
WI-FI TV is an emerging provider of streaming television, movies, and VOIP. The company recently performed a large reverse split and spooked many investors to drive the newly structured company down to an incredibly low level.
WI-FI TV, on a recent rally, was garnered a market cap of over $2,600,000 about a month ago. Without a material change to account for it, other than investor emotion, the market cap of WTVN has been reduced over 98% from that. These kinds of declines are rarely sustainable and WTVN should begin to recover shortly. It traded nearly 3X the daily average volume today which should provide an indication of a firm reversal.
PQL does not claim to be a financial analyst, but one has to believe that the value of the piggyback-registered pinksheet ticker (appx $450K alone), as well as WTVN's web properties, business prospects, and place in a typically overvalued tech world certainly give WTVN plenty of breathing room to make substantial gains.
Very Important:
WI-FI TV is a sponsor of Stock Talk Live, a radio show PQL
participates in frequently (www.ibcradio.com). The CEO of WTVN, during Tuesday's show, mentioned he is going to -->personally buy common stock on the open market<--. Further, he will do it legitimately and file the appropriate paperwork with the SEC for an insider purchasing shares. When this is formally announced in a press release, it could add significant confidence and momentum to the stock.
The Play:
WTVN did a reverse split and everyone panicked. This is usually a terrific time to purchase a stock. The company has not deviated from its business model and seems to be making inroads to bringing their business literally in front of your eyes. Giving a little cushion for a few more shares added to the outstanding, WTVN should be trading between the .10-.20 level to justify a reasonable $1-2M market cap. This would represent several hundred percent gains for investors at these levels.
If the CEO does indeed purchase shares, or at least issue a PR with that intent, that will surely be a terrific catalyst to propel the stock. Split-Adjusted, the stock is now trading BELOW .0001 per share (.000095 exactly). WTVN has never traded anywhere close to that level – and these current levels represent historical, all-time lows of this stock.
My Position: I purchased 20,000 shares today @ .019.
Conflicts: I have no relationship with WTVN whatsoever, nor has WI- FI TV compensated me to provide coverage of their stock.
Tim / PQL Research |
