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Microcap & Penny Stocks : MDU Communications Inc. - MDTV
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To: Glenn Petersen who wrote (936)2/3/2000 11:47:00 AM
From: CIMA  Read Replies (1) of 994
 
I picked up 5000 shares this morning. We have a Feb. 15 target date to close on one deal, Asian market penetration, an oversubscribed financing of $7.75M USD...what's next? We are getting pieces of the puzzle but not the glue IMO. Waiting for development(s) that will make the big picture become clear. Should be more news this month, at a minimum addressing the Feb. 15 closing date on Cirrinet.

According to Mr. Nelson, ''there was significant investor demand, and even after cutting back many of the desired placements, we agreed with our Agent, Haywood Securities Inc., to increase the issue to facilitate quicker deployment of subscribers. It is our intention to accelerate the
deployment of digital satellite and high speed broadband Internet services into our growing list of properties in Canada and move aggressively into the US.'

"Move aggressively into the U.S."

oversubscribed and the offering expanded to accommodate certain institutional investors.

"...accomodate certain institutional investors."

...with expected immediate expansion into the US and Asia, along with new services in monitored security services and telephony. MDTV currently serves approximately 14,000 subscribers in 150 properties and has an additional 300 buildings with signed letters of intent or access agreements, which could increase the subscriber base to over 50,000 in the next 12-18 months.

"...immediate expected expansion into the U.S. and Asia..."


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