KonaTel Inc (QB) (KTEL)

10k looks good, eh?

$KTEL Headquartered in Dallas, TX, KonaTel was formed in 2014 as a Mobile Virtual Network Operator (MVNO) with a charter to provide cellular service to small and medium size businesses.

Today, KonaTel operates as a national telecommunications carrier with multiple subsidiaries providing innovative communication solutions across diverse market segments.
https://www.konatel.com/about_us/about-us.aspx

$KTEL thin after $1.42...

$KTEL trading 70% over its 10-day average volume with less than 2 hours left in the day... trying to find bottom.

1.39's thin on the ask!

KTEL

$KTEL KonaTel Appoints Seasoned Telecom Executive Chuck Griffin President and Chief Operating Officer
https://finance.yahoo.com/news/konatel-appoints-seasoned-telecom-executive-132100510.html

$KTEL Strong buy signal ratings @barchart https://www.barchart.com/stocks/quotes/ktel/opinion

$KTEL KonaTel Appoints Seasoned Telecom Executive Chuck Griffin President and Chief Operating Officer https://finance.yahoo.com/news/konatel-appoints-seasoned-telecom-executive-132100510.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr via @Yahoo

KTEL Big News! California Approved on June 3rd

Konatel Inc (NASDAQ:KTEL) ($0.93; $37.8M market cap), a voice/data communications holding company, has been approved to become an eligible Lifeline provider in the state of California. Yesterday, the California Public Utilities Commision held a meeting to vote on the approval for Infiniti Mobile to become a California Lifeline provider.

https://www.reddit.com/r/MillennialBets/comments/nq26y6/ktel_90_konatel_significant_upside_potential/

Dala Petroleum (DALP) changed to KonaTek, Inc. (KTEL) effective Feb. 16, 2018.

http://otce.finra.org/DLSymbolNameChanges

symbol change to KTEL tomorrow http://otce.finra.org/DailyList

10k out. https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12509288

RM with Konatel done. Very interesting info about Konatel (p. 7 -9)

KonaTel plans to devote additional resources to IoT and has direct wholesale mobile data agreements with Verizon and AT&T, Inc. (“AT&T”) to provide it with wireless data services. Many of the services provided by KonaTel are contracted from aggregators or Mobile Virtual Network Enablers (“MVNEs”) that are wholesale distributors of these services, like Telispire of Wichita Falls, Texas (“Telispire”), which provides nationwide access to trusted wireless networks; and Orbcomm Inc., of Rochelle Park, New Jersey (“Orbcomm” [NASDAQ-“ORBC”]), a global provider of IoT solutions. In addition to KonaTel’s current wholesale mobile data agreements with Verizon, AT&T and others, KonaTel has also developed its own IoT software suite, “CROSS” system, for provisioning or activating and managing mobile devices, which allows it to resell mobile data singly, and which a sub-reseller customer of KonaTel may require in providing these services to customers; and “Lifeline (virtual),” which KonaTel recently commenced marketing as a virtual eligible telecommunications carrier (“VETC”) of “Lifeline services” in California under the license of an eligible telecommunications carrier or “ETC.” This initiative was implemented by KonaTel as a precursor to eventually purchasing a licensed Lifeline ETC so it can market these services directly in various markets where it may be licensed to provide these services. Lifeline is a Federal Communications Commission (“FCC”) program that provides subsidized, fixed or mobile, telecommunications services to low-income consumers.


Also look at Background and Business Experience of management (p. 53 - 55). This is CEO's bio:


D. Sean McEwen

Mr. McEwen, age 56, founded KonaTel in 2014, a wireless data and voice service reseller and currently focuses his efforts exclusively on KonaTel, which supports wholesale and retail wireless lines of service throughout the United States. From 2011 to 2013, Mr. McEwen consulted with multiple international Mobile virtual network operators (“MVNOs) in the U.S., Peru, and China. From 2010 to 2011, he served as a founding board member of One Fund, a NYSE listed (NYSE: ONEF) exchange traded fund. One Fund pioneered the “ETF of ETFs” concept, and in 2011, came to the attention of Russell Investments, known for their stock indices (i.e., the Russell 2000). Russell Investments purchased One Fund in 2011. In 2008, Mr. McEwen became a member of the venture/angel investment group, Sierra Angels (www.sierraangels.com), serving on several high-tech due diligence committees and participating in early stage funding transactions. In early 1983, after departing college prior to graduation, he co-founded Online Data Corp. Through a series of acquisitions/mergers, this company was eventually renamed “TriTech Software Systems” (www.tritech.com) “ TriTech ”). From 1983 to 1990, it developed custom strategic software applications for numerous businesses, including E. F. Hutton Life Insurance, Travel Lodge Hotels, Foodmaker (Jack in the Box restaurants), AT&T, UCSD’s Scripps Institute of Oceanography and Visa’s Plus Systems national ATM network.

In 1991, TriTech transformed from a custom software development firm to an enterprise software development and systems integration company specializing in mission critical public safety (e.g., police, fire, and EMS) telecom software solutions. TriTech’s flagship product, VisiCAD, was the world’s first 9-1-1 emergency dispatching system based on Microsoft technology with integrated GPS based tracking and predictive routing technology. In 1995, TriTech won the Microsoft Most Innovative Windows Application award competing against all Windows applications worldwide. In 1998, while Mr. McEwen was CEO, TriTech was named to the Inc. 500 as the 344 th fastest growing privately-held company in the United States. The following year, Bill Gates cited TriTech and VisiCAD in his book Business at the Speed of Thought as an example of a mission critical Windows based telecom system utilizing GPS.

Mr. McEwen served as Vice President of TriTech from 1983 to 1988, President from 1988 to 1996, Chairman/CEO from 1996 to 2000, and finally as a member of the Board of Directors, until controlling interest was sold to Westview Capital Partners in 2006. In 2017, TriTech celebrated 34 years of continuous operation and today, with over 700 employees and over 1000 mission critical software installations across five (5) countries, is the largest public safety software company in the world.

I am a buyer here.

DALP new CEO Sean McEwen has a impressive CV on LinkedIn. Was board member of NYSE stock ONEF
https://www.linkedin.com/in/dsmcewen/

Reverse merger 8k out https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12390016

KonaTel is new company http://www.konatel.com/

KonaTel is a U.S. MVNO/MVNE (Mobile Virtual Network Operator - Mobile Virtual Network Enabler) for Verizon, AT&T, Sprint, and T-Mobile.
https://www.linkedin.com/in/dsmcewen/

Yea would have to hold for a while with that bid

2 great days though

Nice tiny share structure, real business but no market here and absurd spread. Puzzling. On watch.

Lol

Hmmmm...

I didnt think it would go down this far. But it is negative oil thing going on. Could be bargain prices here or maybe not.

Westcott Products Corp., WSPD, changed to Dala Petroleum Corp., DALP:

http://www.otcbb.com/asp/dailylist_detail.asp?d=09/17/2014&mkt_ctg=OTCBB

volume 500 stock up 6,900%...Hmmmm...Wanta buy a bridge? I got one....

Yeah

ironically, I started putting random bids in on this within the last week

doesn't look like there's going to be any cheap shares any time soon though