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Seasoned Executives handling a multi-million dollar outlook. PART 1.
John G. Simmonds, Chairman and CEO Wireless Age Communications, Inc. (WSLA), has spent the past few decades generating hundreds of millions of dollars after restructuring and developing start-up companies. A few highlights derived from his biography, follow in cronological order: In 1981 Simmonds purchased Dynacharge out of bankruptcy for $100,000 and sold it four years later for $10 million, to Duracell. In 1989, Mr. Simmonds purchased the first of many golf courses, Cherry Downs, a private 18-hole golf course located just north of Toronto, Canada. Cherry Downs was later sold into a public company, which became Clublink Corporation (TO: LNK) and today is the largest golf course operation in Canada, with enterprise value over $1B. In 1991, as a director of company, Simmonds aided in taking Glenayre Electronics public on the Nasdaq for $80,000,000. The company peaked at $3,000,000,000 in the early nineties. In 1996, Simmonds sold Intek Diversified (IDCC) for $500,000,000 to Securicor of Engand. Simmonds’ most favorable trait has been his consistency in structuring effective management teams. In light of what he is certain becomes a successful renewable energy venture, Simmonds has adjoined Jordan Oxley, President Sunbay Energy Corp., an intellectual, with a background in finance, economics, and philosophy. For a lengthy period of time, Oxley’s occupation was in the banking sector as a venture capitalist, collaborating with seasoned executives. He began his career working closely with the Governor of the Bank of Canada. He holds degrees in Philosophy, Economics, and International Relations, studying at Queen's University, the University of Edinburgh, and the London School of Economics. More on Jordan Oxley: http://timelesswealth. net/sunbay_team.html Joining Simmonds and Oxley are veteran politicians: Stein Lal, Director Sunbay Energy Corp., a former Minister of the Environment of Ontario (Canada). More on Lal: http://timelesswealth. net/sunbay_team.html David Tsubouchi, Board of Advisors Sunbay Energy Corp., a former Cabinet Minister in several provincial jurisdictions. More on Tsubouchi: http://timelesswealth. net/sunbay_team2.html Sentiment : Strong Buy Rating :
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Seasoned Executives handling a multi-million dollar out...
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timelesswea... | Not rated | 8-Sep-09 10:49 pm | ||
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Seasoned Executives handling a multi-million dolla...
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timelesswea... | Rate it | 8-Sep-09 10:50 pm | ||
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Let's see a valuation with the Connecticut pr...
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djm14742000 | Rate it | 17-Sep-09 09:50 pm | ||
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It is difficult to calculate with so lit...
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timelesswea... | Rate it | 21-Sep-09 04:19 pm |
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