Report To The Vice President
On Phase III – Cellular Tower Acquisition
By: George M. Sistrunk –
Adviser to the President & Vice President
For: Vice President – Edward C. Graham
Authorization:
May 11, 2015
Due:
May 15, 2015
Date Completed: May 13, 2015
I. Remember the Market Analysis
in 1996
1. In 1996, as National Sales Director, George M. Sistrunk’s
assessment and analysis of the cellular telephone phone industry indicated explosive growth potential. As he repeatedly stated,
cell phones were going to be the wave of the future. Therefore, it was in Unity’s best interest, as a corporation owned
by its shareholders and managed by its Board of Directors, to position itself in this emerging market and its supporting industries
so that Unity’s shareholders could benefit financially from their explosive growth. Unity’s
President Dorothy P. Snider; now, Dorothy P. Waymer agreed with the assessment and approved a resolution to include cellular
tower acquisition as Phase III in Unity’s 5-year growth and development strategy.
In 1996, the approved strategy had four (4) essential elements;
(a) Invest heavily in cell phone companies
that manufactured cell phones.
(b) Invest heavily in companies that
supplied the raw materials for cell phone manufacturing.
(c) Invest heavily in companies
developing and/or inventing software applications for cell phones. And...
(d) Build and own as many cellular towers
as possible, in as many places as possible that included all the countries in North America, Central America, South America,
Indonesia, Micronesia, North Africa, Europe and Asia.
2. Unfortunately, for Unity’s shareholders, the renegade administration
of Dr. Clarence Joyner, destroyed whatever opportunity Unity had to participate and position itself in the growth and development
of the cell phone industry 19 years later, it is extremely difficult to find
an individual that does not have a cell phone.
II. History Proves President Snider/Waymer’s
Decision Was In Unity’s Best Financial Interest
3. Based on the following evidence and proof
that anyone of reasonable intelligence can determine for himself or herself, President Snider/Waymer’s bold decision
to position Unity as a major player in the cell phone industry in Unity’s Phase III development strategy was the correct
decision and would have benefited all of us financially. Bottomline, all of us had a tremendous opportunity to become fabuously
wealthy.
(a) 19 years later, the aggregate profits from cellular
tower ownership has reached billions of dollars.
(b) 19 years later, the aggregate profits from cell phone
manufacturing has soared into the billions of dollars.
(c) 19 years later, the aggregate profits from companies
supplying the raw materials for cell phone manufacturing has ballooned into billions of dollars.
(d) 19 years later, the aggregate profits from companies
developing and/or inventing software applications for cell phones has reached hundreds of millions of dollars annually.
III. The Purpose of This Report
4. Since
Unity and its Shareholders, General Partners, Board of Directors and Affiliates missed their opportunity to maximize
profits 19 years ago, the purpose of this report to the Vice President is to answer his question: Is Unity's original Phase
III - Cellular Tower Acquisition Development Strategy; with its key essential elements; still a viable development strategy
for Unity reborn after the debacle of the renegade Joyner Administration? Before answering the Vice President's question,
I submit; as evidence, the most recent information that is available for his review, the President's review and the
Chair and Co-Chair of the owner's committee. 90% of what you will see was not there when President Waymer approved the resolution
in 1996.
