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Towerstream Corporation (TWER)


Other OTC - Other OTC Delayed Price. Currency in USD
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0.175+0.01 (+5.42%)
At close: 3:52PM EDT
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  • Just need to break .20... maybe next quarter
  • I doubt there is any chance it gets back to where I bought in, but it is good to see it moving north.
  • Any insight on what to expect with the news released today?
  • What a pity! When the industry is heating up on the topic of small cell again. TWER has no business there any more.
  • .20 today?
  • Hello everyone..did anyone of you attend the shareholders meeting?
    If so can you please share what was discussed.
    Thank you.
  • 10Q expected afternoon Monday 15th May. (for the benefit of the late filing doomsters)
  • SUPPLEMENT TO THE PROXY STATEMENT FOR THE SPECIAL MEETING OF SHAREHOLDERS
    TO BE HELD ON MAY 4, 2017
    This proxy statement supplement, dated April 19, 2017, supplements the definitive proxy statement (the “Proxy Statement”) filed by Towerstream Corporation (“Towerstream” or the “Company”) with the U.S. Securities and Exchange Commission (the “SEC”) on March 31, 2017, and made available to Towerstream’s shareholders in connection with the solicitation of proxies by the Board of Directors of Towerstream (the “Board”) for the Special Meeting of Shareholders to be held on May 4, 2017 and any adjournment or postponement thereof (the “Special Meeting”).
    This supplement is being filed with the SEC and is being made available to shareholders on or about April 19, 2017. Only shareholders of record as of the close of business on March 30, 2017, are entitled to receive notice of and to vote at the Special Meeting.
    Except as described in this supplement, the information provided in the Proxy Statement continues to apply. To the extent that information in this supplement differs from or updates information contained in the Proxy Statement, the information in this supplement is more current. The Proxy Statement contains important additional information. This supplement should be read in conjunction with the Proxy Statement.
    Removal of Proposals 2 and 3 from Shareholder Consideration
    On April 19, 2017, the Board determined not to seek shareholder approval of Towerstream’s Proposal 2, a proposal to seek approval of the issuance of securities in one or more non-public offerings where the maximum discount at which securities will be offered will be equivalent to a discount of 30% below the market price of its common stock, as required by and in accordance with Nasdaq Marketplace Rule 5635(d), and has withdrawn Proposal 2 from the agenda for the Special Meeting. On such date, the Board also determined not to seek shareholder approval of Towerstream’s Proposal 3, a proposal to seek approval of the issuance of securities in one or more non-public offerings where the maximum discount at which securities will be offered will be equivalent to a discount of 20% below the market price of its common stock, as required by and in accordance with Nasdaq Marketplace Rule 5635(d), and has also withdrawn Proposal 3 from the agenda for the Special Meeting. Proposals 2 and 3 are withdrawn and will not be considered or voted upon at the Special Meeting. All other proposals presented in the Proxy Statement remain on the agenda for the Special Meeting.
    Although the Board believes that Proposals 2 and 3 were appropriately proposed by Towerstream, as shareholder approval of below market issuances is not required by the OTCQB, the current trading market for the Company’s common stock, upon review and careful consideration of discussions with management and its advisors and other relevant factors, the Board has determined to withdraw Proposals 2 and 3 from shareholder consideration for the upcoming Special Meeting. Notwithstanding the foregoing, the Board reserves the right to revisit at any point in the future the possibility of obtaining shareholder approval of the matters covered by Proposals 2 and 3.
    The record date for determining the shareholders entitled to notice of, and to vote at, the Special Meeting has been set and remains as the close of business on March 30, 2017.
    As a result of the removal of Proposals 2 and 3 from shareholder consideration at the Special Meeting, Towerstream notes the following important matters regarding voting:
    • Towerstream will not make available or distribute, and you do not need to sign, new proxy cards or submit new voting instructions solely as a result of the removal of Proposal 2 and 3.
    • Any proxy card or voting instructions received in the future for Proposal 1 will be valid.
    • Proxy cards or voting instructions received with directions on Proposals 2 and 3 will not be voted on Proposals 2 and 3. Proxy cards or voting instructions received and providing direction on the remaining proposal to be considered at the Special Meeting (i.e., Proposal 1) will remain valid and will be voted on as directed.
    • If you already submitted a proxy card or voting instructions with different directions, unless you wish to change votes previously cast on the remaining proposals.
    ADDITIONAL INFORMATION AND WHERE TO FIND IT
    On March 31, 2017, Towerstream filed the Proxy Statement and definitive form of proxy card with the SEC in connection with its solicitation of proxies from Towerstream’s shareholders. INVESTORS AND SHAREHOLDERS ARE STRONGLY ENCOURAGED TO READ THE PROXY STATEMENT, THE ACCOMPANYING PROXY CARD AND OTHER DOCUMENTS FILED BY TOWERSTREAM WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY AS THEY CONTAIN IMPORTANT INFORMATION. Shareholders can obtain copies of the Proxy Statement, any amendments or supplements to the Proxy Statement and other documents filed by Towerstream with the SEC for no charge at the SEC’s website at www.sec.gov. Copies are also available at no charge on the Investors section of our corporate website at www.towerstream.com, by writing to Towerstream’s Corporate Secretary at Towerstream Corporation, 88 Silva Lane, Tech IV, Middletown, Rhode Island 02842.

  • Earnings report show a profit of $.11 per share compared to expectations of $.01. I think we will see above $3 today
  • Everyone voted against the share issue, so they took it off , voted not to seek our approval, $3 huh, what the heck are you smoking
  • TWER web site down. Is there more I should know?
  • http://thesubwaytrader.com/?s=TWER has an alert for $TWER. Did anyone happen to see it as well? Looking for some good positive information from the company! Making money investing. Robertson's law: quality assurance doesn't.

    The Subway Trader: Trading Stocks and Making Money
    Stock alerts from the The Subway Trader. Stock trading, making money and always looking for the next big money maker.
    thesubwaytrader.com
  • My broker won't let me trade this security? What has happened here?
  • Did everyone vote
  • In the short-term TWER does not seem to be like a good trade. Do you guys find it difficult to know when to buy or sell something? I prefer to get my stocks from a.awesomestocks.
  • Did everyone vote
  • The 1 year target might be a little over zealous! Might need to change that to .25
  • will sell some assets soon
  • Any thoughts on their financials?
  • indolence is a delightful but distressing state; we must be doing something to be happy. http://dataunion.tistory.com/3480

    Towerstream Corporation NASDAQ : TWER Correlation Histogram
    X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks May-2016 1,000 Day Parameter 2,830 NASDAQ Stocks Price Analysis This stock mode of correlation coefficient is 0.6 In other words, the correlation coefficient of the other stock
    dataunion.tistory.com