Lloyd Wentworth talked to Lou about a forthcoming offer and there was a potential Zoom call being set up that was expected to have happened according to his email. Does anyone know if there has been an offer put forth or if Lou has gotten back with pertinent information?
Assuming they get money from one or more institutional investors for a minority position in the company during the first half of 2022, what does that mean for us? For nearly five years now (I think) I’ve had one share of Seattle Metro Wireless that I would like to be finished with and completely out of this investment, hopefully with a profit. Is that going to be a possibility anytime soon?
All investors have been waiting for something substantial back in their pocket.
What we think will happen is Metroconnect (MC) will somehow distribute some shares. There are people who work for the company who have put in their own money and also want something of value to be traded like a stock.
Ideally, we’ll get some kind of shares that should have some kind of liquidity to them therefore somehow be sold for cash.
Each investor should have a choice to cash at least some of their shares or keep stock in a private growing company, but we don’t know how much at this time.
As far as possibilities, some of the managing partners believe this is a very good investment still which has a good business foundation to grow and be profitable.
a PLC is a Programmable Logic Controller, it’s used where a computer will tell a physical device to do something, like a lawn sprinkler system “brain” where if it rains it will not water but no rain it’s on a schedule. (simple answer)
Lloyd Wentworth talked to Lou about a forthcoming offer and there was a potential Zoom call being set up that was expected to have happened according to his email. Does anyone know if there has been an offer put forth or if Lou has gotten back with pertinent information?
Brad, today March 22nd we did have our long anticipated zoom meeting. please watch out for the update on the website.
Assuming they get money from one or more institutional investors for a minority position in the company during the first half of 2022, what does that mean for us? For nearly five years now (I think) I’ve had one share of Seattle Metro Wireless that I would like to be finished with and completely out of this investment, hopefully with a profit. Is that going to be a possibility anytime soon?
Richard great question.
All investors have been waiting for something substantial back in their pocket.
What we think will happen is Metroconnect (MC) will somehow distribute some shares. There are people who work for the company who have put in their own money and also want something of value to be traded like a stock.
Ideally, we’ll get some kind of shares that should have some kind of liquidity to them therefore somehow be sold for cash.
Each investor should have a choice to cash at least some of their shares or keep stock in a private growing company, but we don’t know how much at this time.
As far as possibilities, some of the managing partners believe this is a very good investment still which has a good business foundation to grow and be profitable.
Thanks for filling the info void. Good to know it’s still being attended to. OK, so what’s a PLC???
a PLC is a Programmable Logic Controller, it’s used where a computer will tell a physical device to do something, like a lawn sprinkler system “brain” where if it rains it will not water but no rain it’s on a schedule. (simple answer)
Thanks for the update, George.