CAG Cape Range Wireless

[Prop]

Any body know anything on this company. I've been given them as a hot tip, but can't really find anymore tangible information?

[Gofish.]

A hot tip and you don't know anything about them????
The "friend" who gave you the tip may have some and be looking to unload. Whats his track record - did he give you a good ASX mining tip last year and double your money? It wasn't hard.

Heres a "Pierpont" column from last year.
Good luck.

Cape Range's long march to success
Sep 12

As readers will be well aware, Pierpont is a technological Neanderthal. He has not understood the mechanical principles of any invention since the typewriter and still thinks a semiconductor is a chap in uniform who punches tickets on long buses.
The only thing Pierpont understands about new-age technology is that it always - always - takes more time and money to launch than the promoters say. Or, in the words of Niccolo Machiavelli: "It should be borne in mind that there is nothing more difficult to handle, more doubtful of success, and more dangerous to carry through, than initiating cult or more uncertain than to introduce a new order of things."
Niccolo was probably waiting for Marconi to install a reliable telephone service so that he could give the Medicis the inside drum on what was happening in the Vatican that week. From Pierpont's experience with the Italian telephone system, Niccolo is doubtless still waiting.
Shareholders in Cape Range Wireless will know how he felt. Cape Range is at the cutting edge of technology: the only problem is that it's been there for about 15 years and still hasn't quite got anything working.
Its share chart could serve as a model for the technology boom. From a few cents in 1999, Cape Range ran to 77¢ at the screaming peak of the dotcom boom in March 2000 and is now back to 2.8¢. But it's still alive and is on the verge of bringing its two biggest projects on stream.
The heart and soul of Cape Range is its chairman and managing director, Ron Wise. Like all sensible doctors, Ron believes in the healing power of wine, to the extent that he has even set up his own vineyard in the Margaret River. Pierpont has enjoyed a drink or three in the company of the good doctor over the years and can testify to the medicinal qualities of Wise wine.
Ron's shareholders, however, may have to get through a few more cases yet before their first dividend arrives. Back in the 1980s, Ron was an enthusiast for the Kalina power cycle, which was going to improve the thermal efficiency of coal-fired power stations by, from memory, about 3 or 4 per cent. That might not seem much to readers, but it would be a giant step in power station economics if the amount of energy they captured from burning a lump of coal could be increased from 44per cent to 48 per cent.
The Kalina technology was flicked to a US company named Exergy Inc and Cape Range shareholders received shares in Exergy. In 1995, they were told that Exergy intended to list publicly and that its market capitalisation would be about $500million.
Doubtless it does and doubtless it will, but it hasn't yet. The Kalina technology had a problem with ammonia generation at high temperatures. So instead of being applied in high-temperature coal-fired stations, it will be applied in lower temperature (350 to 400 degrees) geothermal and industrial waste heat processes.
Siemens in the US and Germany are tendering to build 16 Kalina power stations, from which Exergy will receive royalties. This is good news for Cape Range shareholders who have been keeping Exergy scrip in their bottom drawers all this time because they can't trade it. Exergy has some debt, but hopefully somewhere out there, some day, some of the money it generates will filter through to investors, who now include George Soros.
Having got out of the electricity game, Ron took Cape Range into wireless technology in 1997. Cape Range holds the worldwide rights to iPMA (internet protocol multiple access) technology, which aims to provide full telephonic services to remote areas of the world.
Let's say a mining company wants to set up camp in the middle of nowhere and it needs 50 telephone lines, including fax, email and internet capacity. Ron can

[Prop]

Not sure on his financial record, all I know is he is my accountant!!! Bit of a worry! What he told me is they were expecting a very important announcement before Xmas! & that it would take the shares possibly up to 10 cents. He had heard it from a mate who works as a broker?

I am/was sceptical that was why I posted this thread and wanted to know more about what they do before I commit & buy some shares.

Your article has certainly enlightened me Gofish, other than what it says on there website(very little), it is hard finding out what is happening with the company. Any more info much appreciated!

[Gofish.]

Hi Prop
Don't have any more info. I do know someone who was tipped quite a while ago by an accountant in Christchurch - and regrets following the tip. You never know, it might pay off, but there are much more likely prospects out there than a "gunna" stock.
Lots of tips on Sharetrader, but heaps of research & DD follow before I buy. (eg PCL has more than doubled in the last 2 months, PNA close to doubling, AVL tripled in the last year or so, RNG etc etc.)