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Tower One Wireless Corp. (TOWTF)

Other OTC - Other OTC Delayed Price. Currency in USD
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0.0530-0.0015 (-2.75%)
At close: 11:20AM EDT

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  • S
    Sukhi
    Am I being overly optimistic, by hoping this stock will be between the $1 to $2 range in about 3 years? Assuming that they meet targets...any thoughts?
  • s
    smcap10
    Joe don't worry about missing average towers. I was with a group of investors building an apartment building. Had to be built by a certain date if not completed by that date a late fee would apply. We did not see much progress on apartment building then a huge crew showed up and the apartment building made the dead line.
  • r
    roy
    22 towers and one co location added for June. Totals now are 282 towers and 324 colocations.
  • r
    roy
    The stock will stay low until the seller is out of stock. I suspect he had several million shares to unload. I have taken advantage and bought several hundred thousand additional shares. I now have 6 million, or about 5% of the outstanding shares. I Have no inside information or contact. I simply believe that this stock must go up substantially or be bought out…
  • r
    roy
    I suspect that someone is offloading a large position again. 20 million shares were distributed during the last year with a current outstanding number of shares standing at 118.75 million. The stock value should be increasing but this seller is causing a continuing low share price.
  • J
    Joe Coolaid
    22 IS NOT the 27 towers they needed to average through the end of year to reach their t
    twice stated claim of reaching 450 in total..While an improvement from the months early in the year, I'm beginning to question IF THEY WILL reach that number. It is always better to under promise and over deliver than visa versa..Roy, maybe with six million shares, that you personally own, you can ask that of the CEO with a call ? 🤔
  • J
    Joe Coolaid
    21 towers COMPLETED in the month of May. Building pace growing...260 towers now in total. Company reiterated that it expects to have 450 by end of year..Happy in reading that reaffirmation with seven months remaining in 2022..
  • s
    smcap10
    News is out for tomorrow's meeting
  • J
    Joe Coolaid
    Buy low. Sell high. Bought many thousands of AR under a buck March of 2020..as low as 73 cents..Today they hit $44.50! Patience required but up 66X from it's 64 cents low.. Buying when it seems that it's like watching paint dry is not easy..But it's smart! 😉
  • C
    Corby
    6 months and JoJo is still pumping
  • r
    roy
    TO currently has 138 owned towers. They have built 241, but the rest were resold to develop cash flow, pay debt etc. 38 of the owned towers have co located contracts. 62 sites are currently being built out, with 61 in Columbia and one in Argentina. There are currently no towers under building contract in Mexico. It is reasonable to assume 250-300 completed towers by years end. Assuming the lower end of 250, and a paltry value of $100,000 per tower, that’s $25,000,000, that’s 0.26 US per share in real assets. The true value of the company and stock should be double that. This stock should not realistically be less than $0.25 US by the end of the year and should be $0.50+. I’m assuming no disasters, unknown issues etc. By the first of next year, the company should (IMO) start to, once again, put effort into its stock valuation. A couple years ago, the effort was made prematurely, but it is soon to be in a position to legitimately do so.
  • r
    roy
    TO has secured $25,000,000 in loans at about 4 1/2% interest which is expected to lead to 300 towers being built in the next 12 months. 3/4 of the loan is bank and 1/4 by a local partner. Having good financing in place at a reasonable interest rate is achievable as the current towers are sufficient for collateral. This bodes well for continued growth.
  • M
    Matthew
    tower one posted construction updates for February today. 18 new towers were built. Should be receiving official construction and business update next week! https://toweronewireless.com/
  • r
    roy
    To add to joe’s post;
    450 towers by years end would be valued at about $120,000,000 by their numbers. This is possibly a value inclusive of projected rental income over ten years. The tower value would then be about $56,000,000. Since the rental negotiations are locked in for 10 years, the $275,000 value per tower is reasonable. That is a projected corporate value of assets of approximately $1.14 per share. Assuming debt of $15,000,000, that leaves a per share value of $1.00 at year end…. If we 1/2 that, the stock value should be at least $0.50 by year end. I hope people realize this and stop selling for 4-5 cents. I must admit that I’m making some big assumptions without definite complete facts.
  • G
    Graham
    Tower One Announces Repayment in Full of Secured Convertible Debentures
    GlobeNewswire
    4:02 PM ET
    TOWER ONE WIRELESS CORP. (CSE: TO) (OTCQB: TOWTF) (Frankfurt: 1P3N) ("Tower One" or the "Company") announces that it has completed to repay in full the remaining outstanding indebtedness of C$235,040 under certain secured convertible debentures, dated June 12, 2018 and November 28, 2018, in the aggregate amount of C$1,500,000 (the "Debentures"), which were held by KW Capital Partners Ltd. and Plazacorp Investments Limited. With this repayment, the Company has fully repaid all amounts advanced under the Debentures and is authorized to discharge all security interests registered thereunder.

    To repay the outstanding amounts of the convertible debentures paid to Plaza, the Company used proceeds from a short-term unsecured raise of US$ 160,000 and funds from operating activities .

    Santiago Rossi, CFO of Tower One, commented: "We are grateful to Plazacorp and KW Capital Partners for their support and confidence in our Company. Their financial backing came very early in the development of our business plan and we are pleased to have fulfilled our repayment commitments and delivered what we believe was an attractive return to our financial partners. As cash flow from operating activities continues to improve during the current year, we expect this will provide additional liquidity for the repayment of other corporate debt. We anticipate improvements in our balance sheet as construction activity begins to increase in Colombia and Mexico when economies begin to reopen. Heading into the first quarter of 2021, we expect to capitalize on this increased activity in our efforts t o improve shareholder value."
  • r
    roy
    Yea! It looks like they listened and are now putting out the number of towers built and adding the number in operation within the company. They added 9 in operation for a total of 167 and have 194 co location towers. In they continue building about ten towers with nine going into operation, that would be 204 by year end. If they add 4 co locations per month, that should be 210 by year end…. The stock should be triple what it is, even at a PE of 1. I predicted .25 cents. Let’s see if I’m right…
  • M
    Millionaire Trader
    Wow great news we are going to 0.27
  • r
    roy
    I bought 100,000 more shares yesterday. If people want to sell shares at a discount, I’ll take them… ten towers build in June which is an expected slowdown from the past couple of months. I expect 10-15 per month the rest of the year. Current intrinsic value of shares is about .18 cents US according to my conservative value of $100,000 apiece for at least 180 owned towers. This doesn’t take into consideration towers that have multiple users and/or debt but does include the recent 6 million shares given to but the subsidiary.
  • R
    Randy
    If anyone on this board regularly speaks with Alex (CEO), please ask him about the 16+ million shares issued to satisfy debt. Why now with such low share value on a price per share basis. Also, is this indication that the company is struggling with working capital?
  • r
    roy
    Update for October:
    7 towers and 2 co locations added.
    Totals now: 179 towers and 212 tenants.