i think everybody has forgotten one very important thing about this RS and move to the AMEX...
there are ONLY 7 trading days left before they move and the RS is being done at the same time that they move to the AMEX according the PR.......
i think they announced this so close to the actual time for a VERY good reason......
i'm looking for a short squeeze.....
remember the "berlin quote"?
a lot of people have spent a little more energy bashing this than was called for IMO....
i could be wrong, but i'm BETTIN' that i'm right... good luck
Posted by <blueranger> on :
i don't understand what your saying... do you think its a good thing or bad..
I am not bashing I am saying that I have seen a r/s that went well...
I think tomorrow will tell...
for an r/s to be successful I think you need a good reason and i think the big boards are a good reason...
tomorrow morning will tell....
Posted by glassman on :
what is a short squeeze?
it is common practice for MM's and offshore hedge funds to sell short in the OTCBB...
no matter what rumors you hear about not being able to short the OTCBB? it is done...
i don't have any figures: GTEL is NOT on the SHO list,
BUT,
with the RS AND the move to the AMEX? all short positions will be FORCED to cover.
Posted by <blueranger> on :
so your saying shorts will have to buy...
here is a positive post i found..
TAKE A DEEP BREATH and look at the positives.
Any short-term knee-jerk decline in the share price due to the news of the announced reverse split will be a great buying opportunity. Look at this way – nothing has fundamentally changed in the business prospects of the company. If GTEL as a company had a great potential yesterday, the fact that there is a reverse split does not change that potential at all. It still has the same great possibilities based on its business plan and prospects. Sure, a lot of people will be disappointed because the number of shares have been decreased, but in reality the RS did nothing to the value of one’s holdings. It is the same after the split as it was before the split (with a 1 to 15 reverse split, 15,000 shares at 0.30 before the split is the same as 1,000 at $4.50 per share after the split, i.e., $4,500). What is gone is the “monopoly money” thrill of being able to say one owns a hundred thousand, or a million shares. OK, you will have a less exciting total number of shares to brag about, but the intrinsic value of your holdings is just the same.
Everybody has horror stories about reverse splits – but think about it, in most cases the reverse splits are done by OTC penny stocks that have a lousy business model, are not making money and have little prospect of making money, and will remain on the OTC after the RS conducting business just as they did before the RS. In other words, there is no strategic or sound business reason for the RS – it is really just done to give the bogus operators of the company a fresh start to begin a new round of dilution.
That is not the case in GTEL’s reverse split. There are sound strategic and business reasons for the RS, and the likelihood is that the RS will ultimately result in an increase in shareholder equity because the company will become more attractive to a larger group of serious investors.
Now let’s consider the positives.
1. The move to the AMEX for the first time will permit institutional investors to acquire the stock. As most of you know, most institutional investors are prohibited from investing in OTC companies by virtue of their charters. Other institutional investors are prohibited from investing in companies whose share price is below a certain dollar amount. Therefore, as long as we were on the OTC most institutional investors could not acquire us. Moreover, even had we moved to the AMEX without a reverse split (and consequently our share price would still have been in the pennies), numerous institutional investors would still not have been able to buy GTEL stock because they could not purchase any stocks that were under say $3 a share (or some other threshold higher than $1.00).
2. Institutional investors, if they now take a position in GTEL, likely will be taking large positions. I believe this will create significant upward momentum for the share price after it is listed on the AMEX. If there were approximately 1 billion shares before the RS, post AMEX listing there will only be 66 million shares. With a much smaller float (and with long term holders hanging onto their shares) any significant buying pressure will move the stock up very quickly.
3. Once we are on the AMEX we will be free from the MM’s that have been screwing around with the share price. There will be a specialist assigned to the stock and because of that there will be much more transparency and accountability.
4. I personally believe that had we been listed on the AMEX at say 35 cents or 40 cents per share, with an OS of 1 billion shares, we would have been looked at with some trepidation by institutional investors. A share price of $3.00 or so with 66 million shares has the feel of a more “respectable” company – especially when it just got to the new exchange from the OTC. I think that the mere fact that the share price is higher and the stock float is diminished will likely increase the prospect that we will attract more substantial institutional investors.
5. We will be getting more exposure to the general investment community. As some have mentioned, the stock price of GTEL will now be seen on the business TV shows that show the running tickers of the NYSE, NASDAQ and AMEX. Also, believe it or not, there are a whole lot of people in the general investing community who would never buy a “penny stock” because they believe that all penny stocks are scams. Now, however those same reluctant investors could potentially become new investors in our AMEX listed company.
6. If we are likely to attract some large company strategic partners to develop or deploy the stratellites, it is unlikely that some major companies would want to be associated with a “penny stock.” I think the higher share price created by the reverse split gives the company a more substantial “image” and consequently makes it more likely that other players would be willing to enter into business ventures with GTEL.
I’m sure there are probably a lot more reasons why Huff thought this was in the best long-term interest of the company and the shareholders. I am looking forward to the next round of news and PR releases that will flesh out those reasons and make us all very pleased about the financial prospects of the company.
If the share price drops in the next day or so, I will be buying.
Posted by glassman on :
<amex> unregistered
Icon 1 posted May 08, 2005 14:10 Edit/Delete Post Reply With Quote has anyone seen this
new symbol for amex why is this trading with this new symbol?
Posted by glassman on :
that post above this one? smells bad now doesn't it?
came in yesterday BEFORE the announcement...
the yahooquote is FROM the Berlin exchange...
just one of the places that shorting comes from...
our freinds in Canada do it too, dontcha EH?
i've had a few stocks drop like rocks when they got on the Hong Kong exch as well......
Posted by <blueranger> on :
gte.be is the same as gtel just selling on the german exchange.... .22 german cents...
since the dollar is so low that is probably more than .26 us cents...
but i agree probably a good place for shorting.
Posted by glassman on :
probably? LOL.... i could show you more than fifty PR's where companys were put on the Berlin exch WITHOUT permission so they could be shorted....
and it wasn't EZ to get them off, but they did....
Posted by glassman on :
here's an old story... StockGate: SEC Hearing Cancelled, Berlin Exchange in Touchy Situation With Israeli Companies
Jun 10, 2004 (financialwire.net via COMTEX) -- (FinancialWire) The unauthorized listings of public companies on the Berlin Stock Exchange has raised eyebrows and resulted in dozens of companies asking to be "delisted," but that is nothing compared to the touchy diplomatic situation developing following the discovery by Israeli business newspapers that almost two dozen Israeli companies are included.....
.....t the same time, a long-awaiting hearing on Regulation SHO, said to be planned yesterday to consider proposed amendments, was cancelled due to the Reagan funeral activities. Some believe it may be rescheduled for June 21, but this has not been confirmed.
Naked short selling is worrisome for hundreds of small U.S. companies, including those recently asking to be delisted from the Berlin Stock Exchange, such as Golden Phoenix Minerals, Inc. (GPXM), Nannaco, Inc. (NNCO), 5G Wireless Communications, Inc. (FGWC), CyberAds, Inc. (CYAD), Provectus Pharmaceuticals, Inc. (PVCT), House of Brussels Chocolates (HBSL), InforMedix, Inc. (IFMX), Tissera, Inc. (TSSR), Americana Publishing, Inc. (APBH), Celsion Corporation (CLN), ChampionLyte Holdings, Inc. (CPLY), Pickups Plus, Inc. (PUPS), China Wireless Communications Inc. (CWLC), CareDecision Corp. (CDED), Titan General Holdings, Inc. (TTGH), IPVoice Communications, Inc. (IPVO), Whistler Investments (WHIS), WARP Technology Holdings, Inc. (WRPT), BGR Corp. (OTCBB: BGRR), ICOA, Inc., (ICOA), DICUT, INC. (OTCBB: DCUTE), NHC Communications Inc. (NHC), Stratus Services Group, Inc. (SERV), Golden Phoenix Minerals, Inc. (GPXM). Posted by <blueranger> on :
i believe german stoped using the mark and only do the euro now... and it would be .78 euros to one dollar so .22 euro = .28 US
so gtel closed 2 cent higher in germany then in the US.
Posted by glassman on :
fact is? they got 7 trading days to get all their shorts covered and i think that's why GTEL gave such SHORT notice..LOL
Posted by <blueranger> on :
the german stock exchange just got bad report from the bbc... about 1 minute ago...
the leader or ceo resigned...
bbc speculates they might break it up.
Posted by glassman on :
it's not just the berlin exchange either... the MM's in th OTCBB? they might be short too...
i been watching all the negative posts for some time with some amusement...predictions of .15 and such... who am i to argue...some are just upset traders....maybe even most... but not all Posted by keithsan on :
this stock currently is a rare case study most otcbb's do nothing but tank or ping pong between pr's and group pushes.
yes germany uses the euro.
Name changes are order of the day. Where there is one, there is another Posted by <blueranger> on :
its to early for me to say... I guess tomorrow will tell..
i lost so much on cnes that if this one tanks i am out of the game.
Posted by <blueranger> on :
my guess is that the price will tank in the morning and the mm's will gobble up what they can to cover there shorts..
Posted by glassman on :
that's what they are counting on....
but sometimes people surprise you...
no matter to me, i know why i bought....
i know why i'm holding...
too bad when people don't do their DD...
AMEX has a three dollar min.... some RS was coming from th emoment they announced...just matter of how much....
Posted by <blueranger> on :
i just can't call this one...
Posted by cruz on :
hang in there on cnes blue
quote:Originally posted by <blueranger>: its to early for me to say... I guess tomorrow will tell..
i lost so much on cnes that if this one tanks i am out of the game.
Posted by glassman on :
cnes huh? i posted the link on that one early on that showed they were diluting by about 100%...it was a 424B3 dated 2/22/05.... CNES
As of February 18, 2005, we had outstanding 2,205,319,217 shares of common stock, of which all but approximately 674,975,000 shares were unrestricted under the Securities Act of 1933. As of that date, we also had outstanding options, warrants, promissory notes, convertible debentures and preferred stock that were exercisable for or convertible into approximately 2,710,000,000 shares of common stock, approximately 2,630,000,000 of which are covered by registration rights that's why it dropped...
GTEL has NO insider selling: that's another RUMOR that peoplesssssezzz started to try to force GTEL down...
sad...
Posted by Raptorsrule on :
Interesting events today to say the least....I view the RS as a great long term solution to the outlandish OS. No matter what board we moved to we could in no way sustain such a market cap. The RS is good...
It is also my opinion that no matter what exchange gtel is traded on it will do well.
The airship is covered and no $hit floating....Lots of work to do but hey the company is serious....the airframe is built and "flying".
In the end, although there will be turbulent PPS cycles ahead, this one is a winner in a relatively short time.
I fully intend on owning this again in the very near future.
Later all....
Posted by <blueranger> on :
the german exchange will open at 4 or 5 am here in the us... so if it tanks then it will be a good indicator for the us market.
Posted by charger on :
Huff has been around for a while. This company has gotten international exposure. 4.00 looks a lot better for a serious company with a big time product.
Posted by <blueranger> on :
berlin is 7 hours ahead of us..
Posted by <blueranger> on :
gtc.be someone check it in the am...
Posted by <amex> on :
I think this will be ok.. i will buy after the move to the amex...
Posted by stockvaper on :
I agree the R/S is good news (considering this company and it's condition). Attracting more deep pocket investors on AMEX is only going to help the stock price go higher and become more stable. Good luck to all GTEL/GTE stockholders. Posted by <blueranger> on :
the germans don't seem to like it ....
gapped down on open now .19 which is .03 euros down and probably a nickle US.
but did not totally crash.
Posted by glassman on :
what's the volume?
Posted by glassman on :
24,470? LOL
Posted by George on :
it is up on the berlin 2.33%
Volume: 26,970
Posted by George on :
just proves people do not know about GTEL yet...
Posted by glassman on :
now? it's UP .01! on 36,358...... sheesh....
the Berlin exch. has NOT (historically) been a good indicator for how BB stocks will trade here
Posted by Pagan on :
If there is a gap down today or anytime before the 18th....I will definitely be adding to my position. AMEX is great news...will be a low float....institutional investors....NO MM's....much friendlier financing terms...Q1 numbers due soon (should be awesome)...and I believe GTEL management has more in store for us. I believe we'll hit the ground running on the AMEX.
Posted by George on :
I just added 5k dollars to my account to buy more if it looks good.
Posted by Gunner on :
How low does everyone think GTEL will go today?
Posted by Dustoff101 on :
morning all, well, nothin like a good nights sleep sometimes......I've been saying for weeks the split was coming......Just could'nt figger out the size of it.......Management still leaves a lot to be desired, but what company is perfect?.....In my opinion they still behave like the Key Stone cops of old, but I have [ as many of you know ] kinda of a bent sense of humor....Might be the on set of old age!!!!!...I might be a buyer again, just waiting to see what happens...
Posted by George on :
down in pre market...
.255
Posted by windjunkee on :
its gapping down
below .25 now
Posted by twright2k4 on :
lots of buys in the first minute....
Posted by Edster on :
How low can it go ????
Posted by blueranger on :
it gapped down a little but overall its does not look to bad.... I am still holding..
Posted by blueranger on :
big volume
Posted by twright2k4 on :
they are truly walking it down... that last days of MM control.
mwha ah ah ahahaah
Posted by blueranger on :
somebodys buying a lot of gtel.... perhaps the mm's are covering shorts..
Posted by blueranger on :
looks like its given up yesterdays gains but found support at .23 still higher than yesterdays open
Posted by Edster on :
only temporary support - still a ways to go to get stable
Posted by stockaholic on :
FORT LAUDERDALE, Fla.--(Business Wire)--May 10, 2005-- GlobeTel Communications Corp. (OTCBB:GTEL), today announced that it has raised an initial $2.358 million in investment from a group of accredited investors. GlobeTel announced today that it has accepted Subscription Agreements by certain large institutional investors and other accredited investors. The funds will be used for general corporate purposes and will allow the company to further accelerate its operational growth objectives. Timothy Huff, CEO of GlobeTel stated: "This is a very positive event for us. This investment was raised on a straight Common Stock purchase with a very small discount to the investors, which was based on the previous five days VWAP share price. We also provided warrants to the investors to purchase up to 70% of their initial investment, at a price of 150% of the market price of our shares, which based on yesterday's close equals approximately .3838 per share. Assuming the exercise of the warrants, the total investment could be as much as $5.65 million." Huff continued to say: "The access to capital to GlobeTel is becoming more and more favorable to a company of our size. We are extremely pleased to have some large institutions participate with us as shareholders. We further feel that while we did not need investment at this time that it was prudent for us to further strengthen our balance sheet, increase our cash position which would allow us to continue the rapid expansion that we have been going through. We strongly feel that our move to the American Stock Exchange, which we announced earlier, will continue to open the doors to large funds and quality, long term investors, alike."
About GlobeTel
GlobeTel Communications Corp. is a diversified Telecommunications and Financial Services Company. GlobeTel Communications Corp. operates business units in Stored Value debit cards, as a certified MasterCard processor, the sale of Carrier grade VOIP of Long Distance to major Long Distance re-sellers, VOIP Technology and development, and high altitude airship research and development. These self contained business units were developed to operate independently of each other. The symbiotic relationship however, provides value to each of the other business units. This strategy offers GlobeTel financial diversity and risk mitigation while striving toward its operating objectives. Operating on a global basis, GlobeTel has historically focused its business development on markets outside of the United States. Current operations and business relationships exist in Asia, Europe, South America, Mexico and the Caribbean. Additional information concerning other areas and topics of GTEL can be found on our web site at http://www.globetel.net. Posted by Thorn on :
This one is dropping FASTER than a stone. Good opportunity if you have cash available. (grrr. not me).
Posted by jordanreed on :
some support at .20
Posted by blueranger on :
well if they had money they should have announced a stock buy back...
if they would have announced a buy back and the amex it would have probably ran to 3 bucks...
Posted by blueranger on :
everybody hates a reverse split...
Posted by blueranger on :
well gtel just made a beauitful little reverse.. pretty curve up on the graph... hope it holds.
Posted by blueranger on :
well you have to admit all in all gtel is holding its own....
Posted by Edster on :
Wow - volume of 21 million and counting
Posted by glassman on :
i'm gonna miss all o'this volatility when it gets to the AMEX Posted by stockaholic on :
Some AMEX move clarification
FORT LAUDERDALE, Fla.--(Business Wire)--May 10, 2005-- GlobeTel Communications Corp. (OTCBB:GTEL), today announced clarifications on yesterday's news concerning the move to the American Stock Exchange. The Amex granted approval to their exchange contingent upon the Company affecting a 1 for 15 reverse stock split. Further, this approval is contingent upon the Company remaining in compliance with all applicable listing standards on the date it begins trading on the Exchange, and may be rescinded if the Company is not in compliance with such standards. It is expected that the process will take 10 days to complete but may be as many as 20 days depending on regulatory issues and filing times. So the company must maintain to meet the listing criteria during this 10 to 20 day period. GlobeTel meets the requirements today and has received approval from the Amex contingent upon affecting the reverse. We have given the Amex a representation letter that we will perform the reverse and it is a requirement for us to do before our listing on the Exchange.
About the American Stock Exchange
The American Stock Exchange (Amex) is the only primary exchange that offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRSSM. In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 155 ETFs, the Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks. For more information, please visit http://www.amex.com.
Timothy Huff, CEO of GlobeTel stated: "We are proud that the Amex has approved our listing to their exchange and I believe that it is a big step in building real value for our long time shareholders. The OTCBB has served its purpose. But those of us that long for building a world class company with increasing value are glad to see the start of our next generation with this move. A reverse split is a positive event for GlobeTel. While it may seem overwhelming or confusing, this is a normal part of a restructuring and as it is here, coupled with a move to the AMEX, a very positive event. While there will be those that express dissatisfaction with this move, it is important to question their real motives by their actions." Huff continued: "This closes a chapter in GTEL's history and opens a new door that will enable us to grow in real shareholder value as we accomplish our goals while attracting new investment opportunities by large funds and institutions."
Posted by d6veteran on :
quote:Originally posted by glassman: AMEX has a three dollar min....
Can someome post a link that clarifies the $3 minimum a couple of you have been talking about?
that's what i found when i looked up their requirements.... they may allow them to stay on if they go below 3$, but they say they want 3$ for admission....
Posted by d6veteran on :
quote:Originally posted by glassman: that's what i found when i looked up their requirements.... they may allow them to stay on if they go below 3$, but they say they want 3$ for admission....
So basically we're good down to 20 cents. And I don't think that is a coincidence 20 cents is a safe support level for this stock and they want to make sure the AMEX listing goes through -- because it isn't a done deal! They HAVE to maintain 20 cents (pre split) / $3 (post split) to get on.
Posted by glassman on :
i think that since we survived the panic this morning? the shorts that are still out there will have to cover from here....
too bad they already got 10 million shares at a bargain
looks like NITE is buying....right now... anyway
Posted by George on :
the panic selling is over, just like the ones that jumped ship after the REVEAL...now we only go north.
Posted by d6veteran on :
You know you guys are always talking about the bashers ... but jeez look at your pumping!
Anyway, GTEL is a good stock. No one knows how it will trade short term. It is all speculative.
Posted by Dustoff101 on :
d6 veteran ......In my mind I am a pumper when I own it!!!!...,Then I sell, and in my mind I am a basher!!!...Made some fast bucks on it this morning....Now I don't care what it does!!!...Now, does that sound familiar folks...
[ May 10, 2005, 11:48: Message edited by: Dustoff101 ]
Posted by glassman on :
i'm always amazed at people that say things like: i'm dumping this POS in the morning...
might as well bend over and hand the MM's a jar of gritty KY .....
Posted by Dustoff101 on :
Ya glass, but then it gives us scavengers cheap shares to ride back up!!!!
Posted by jordanreed on :
quote:Originally posted by glassman: i'm always amazed at people that say things like: i'm dumping this POS in the morning...
might as well bend over and hand the MM's a jar of gritty KY .....
mmmmm...kaaywhyyy!
Posted by charger on :
Pagan, i agree with you completely.... this is no HPON. Things could happen very quickly now. Management has this planned well.
Posted by That's Fact Up, Dude... on :
When I didn't own this stock, I bashed it...
After I bought it, I pumped it...
Bash and Pump...
So I guess that makes me a bumper Posted by d6veteran on :
My point was basically that the pot was calling the kettle black.
Go GTEL -- go down to .18 so I can load up some more Posted by glassman on :
nonononooooo! go up to .40 so i can have another block of FREE shares... LOL
Posted by JHenry on :
Owned 10,000 shares, bought 5,000 more this morning during the sell off. I am now ready to go into the split and get my 1,000 shares of GTE.
Posted by crusader30 on :
Considering some peoples read on what today's action would look like GTEL did OK. Posted by <jps> on :
I hope it can keep from dropping more now!
Posted by pensandoenti67 on :
yeah, baby go back to .10 so we can all get in!!!
Posted by Hustlestack on :
When do 1Q numbers come out?
Posted by Edster on :
quote:Originally posted by Hustlestack: When do 1Q numbers come out?
Think they are due out this comming Monday
Posted by glassman on :
quote:Originally posted by pensandoenti67: yeah, baby go back to .10 so we can all get in!!!
nonnononononoonononoooooooo! Posted by crusader30 on :
Absolutely no going back to .10. It's actually holding well considering the upcoming split. You know the MM's want as much as they can get. Don't think they realized there were so many of us holding. Posted by Edster on :
Price needs to stay above the .20 level or else it may jepordize the move to AMEX. With a 1:15 R/S split that'll keep the price above $3.00 which is the AMEX minimum for admission to AMEX.
Posted by Pagan on :
quote:Originally posted by Edster: Price needs to stay above the .20 level or else it may jepordize the move to AMEX. With a 1:15 R/S split that'll keep the price above $3.00 which is the AMEX minimum for admission to AMEX.
Check AMEX standard #3...there is no $3 minimum
Posted by d6veteran on :
quote:Originally posted by Pagan:
quote:Originally posted by Edster: Price needs to stay above the .20 level or else it may jepordize the move to AMEX. With a 1:15 R/S split that'll keep the price above $3.00 which is the AMEX minimum for admission to AMEX.
Check AMEX standard #3...there is no $3 minimum
In order for them to get on they need to meet the requirements set for them. One of which was that the price be at or above $3.
It is no coincidence that the 20 cent support ($3 post split) aligns perfectly with the AMEX requirements.
Posted by glassman on :
quote:Originally posted by Pagan:
quote:Originally posted by Edster: Price needs to stay above the .20 level or else it may jepordize the move to AMEX. With a 1:15 R/S split that'll keep the price above $3.00 which is the AMEX minimum for admission to AMEX.
Check AMEX standard #3...there is no $3 minimum
ahem....try this page...it says 3$/share as do several others i have read...they don't just get booted off if they drop below, but they do have to have it to get on...
quote:Originally posted by Edster: Price needs to stay above the .20 level or else it may jepordize the move to AMEX. With a 1:15 R/S split that'll keep the price above $3.00 which is the AMEX minimum for admission to AMEX.
If the stock dropped to .19, would they change the ratio and make it a 1:16 R/S instead? That would still bring them above 3$ for the move to AMEX
Posted by glassman on :
i dunno, i assume so...
i BET that it won't go that low,
too many people are willing to invest in this..
i have followed a few over and almost all of them went up going into it, but the RS is a new twist on my 'sperience...
any shorts will have to cover....
Posted by d6veteran on :
quote:Originally posted by glassman: i have followed a few over and almost all of them went up going into it, but the RS is a new twist on my 'sperience...
Yep exactly. They were smart coupling them together.
Posted by Pagan on :
Kind of cushioned the blow releasing the AMEX/RS together. I am really curious as to the 1Q numbers though...would be nice if they have surpassed they're projections.
Posted by Pagan on :
Glassman or D6... Just out of curiousity, does the AMEX set different entry prices for different companies? The reason I ask, BMD just listed on AMEX in April, and they were under $3....and have been for quite some time before being listed as well. Is $3 supposed to be the criteria for all companies, or does AMEX have some freedom in their listing criteria?
Posted by glassman on :
maybe they do...
i really am just a regular guy doin' my DD...that's why i cut-n-paste and post links so much....so you can see why i offer my opinions...
i assumed the 3$ figure from day 1.....
i was hoping we would only need a 5 or 6 to 1 RS
Posted by d6veteran on :
My understanding is that the conditions for listing are set for each candidate.
Posted by Pagan on :
Thanks for the replies....just trying to clarify things so I have a better understanding of the situation.
And I to was hoping for a bit of a smaller R/S....but I can live with 1/15 as well....going to the AMEX should be quite beneficial IMO...
Posted by <HoldingGTEL> on :
quote:Originally posted by <HoldingGTEL>:
quote:Originally posted by Edster: Price needs to stay above the .20 level or else it may jepordize the move to AMEX. With a 1:15 R/S split that'll keep the price above $3.00 which is the AMEX minimum for admission to AMEX.
If the stock dropped to .19, would they change the ratio and make it a 1:16 R/S instead? That would still bring them above 3$ for the move to AMEX
American Stock Exchange (AMEX) - Amex Company Guide - PART 1. Original Listing Requirements (§§101-146) - CRITERIA FOR ORIGINAL LISTING (§§101-118)
OK, so who's going to be the first one to call in to "Cramer's Mad Money" on CNBC Thursday to ask about GTE during his "Lightning Round"? That would surely give it a nice pop on Friday.
Posted by gotti1721 on :
when is the R/S gonna happen
Posted by crusader30 on :
GTEL is still holding up. The 19th is the move with the split happening right before the move.
Posted by That's Fact Up, Dude... on :
The dudes doin' the PR for this company must obviously be barefooted, banjo-pickin', inbred hillbilles intoxicated on corn liquor.
After screwing up the first photo release by presenting the world with a naked stratelite, they now manage to mess up a perfectly good pps rally by releasing bad news to soon.
Could they not have waited at least a few more days before releasing the news about the R/S to see if the pps might rise a little more?
I guess when you're to busy tryin' to get a helpless obese white man to "squeal like a pig," you don't have time to worry about the strategic timing of press releases and the potential impact they may or may not have on your company.
AIN'T THAT RITE UNCLE DADDY!!! YEEEE-HAW!!!
Posted by Pagan on :
damn, if the Strat had looked like that at the public showing... the stock price would have skyrocketed... damnit!!!
Posted by PENNY PIRATE on :
This r/s is going to be a good thing. It will put us on the AMEX, where all can see. $3.00+ to $5.00 may happen fast with the right PR timing. At $5.00 we will attract a whole new breed of investor! Don't forget that future splits will be the way to reward investors (forward of course). Lots of room to grow from here! Keep your shares and accumulate more while we are still a penny stock, the chance of a lifetime is now. Good luck GTEL soon to be GTE!!!
Posted by Pagan on :
Sanswire One float test was picked up by AP...gotta love the free advertising
Prototype airship floats; more testing to be done Associated Press
LOS ANGELES - A prototype of an unmanned airship that would serve as a communications relay platform underwent testing this week under controlled conditions, the builders said.
The lighter-than-air "stratellite" called Sanswire One was built by the GlobeTel Communications Corp. subsidiary Sanswire Networks LLC.
The prototype was filled with lifting gas and floated at an airport in San Bernardino County on Monday. It remained tethered during the test. The company hopes to begin flight testing this summer.
The prototype is 188 feet long - about a third the size of the operational airships being planned.
GlobeTel envisions a fleet of "stratellites" floating in the stratosphere. They would relay communications services including voice, broadband, high-definition TV, interactive high-definition TV and satellite radio
Posted by sharkone on :
Does anyone know ( or heard rumors) if the prototype will be fitted with solar panels during tethered testing to check for electronics sustainability during unmanned, untethered flights?
Posted by crusader30 on :
Looks good for a Friday. Next week AMEX. No more of those PESKY MM's. Posted by glassman on :
this week is the short squeeze......now watch what patience gets....
Posted by Peaser01 on :
The tethered testing has already been completed from what GTEL said in a past pr. I am just wondering what kind of tethered testing they did since the main fans(motors) weren't attached yet?
I am considering buying back in soon. It's almost that time.
Posted by BuyTex on :
From the photos I saw, it looked like they simply wanted to float it in the hangar like a dang ol' party balloon. One assumes they ran some metrics as well, but that's actually a good question for the company: what data did you collect and what do they indicate (if anything). I grabbed me a dab earlier this week just so I don't miss a run; the 19-22 level seems like a pretty solid floor.
Posted by stashu on :
Wasn't it facing the other way in the hangar at the preview? I don't know if the hangar is large enough to turn it around inside, but maybe they took it out for a quick 180 degree spin.
Posted by Edster on :
Great close to the week considering all the news (good and not so good). Next week should be very interesting for sure.
Posted by Dustoff101 on :
Member Rated: posted May 13, 2005 18:02 Posted by ;Buy Tex -------------------------------------------------------------------------------- From the photos I saw, it looked like they simply wanted to float it in the hangar like a dang ol' party balloon. One assumes they ran some metrics as well, but that's actually a good question for the company: what data did you collect and what do they indicate (if anything). I grabbed me a dab earlier this week just so I don't miss a run; the 19-22 level seems like a pretty solid floor.
I may buy a position at .19,... There is 4 rudders for directional control. This is not the full sized airship, granted....However I'm not real sure if there is enough directional control surface to adequately control the airship in the event they loose power to one of the propellers....Where are the engines anyway?
Posted by Peaser01 on :
Maybe they're invisible? LOL jk.
.19-.21 sounds good for me too. A few weeks after the R/S + move to AMEX it'll be at a decent buy range as well I believe.
Posted by Dustoff101 on :
Oh thats just great peaser, now we'll have reports of" invisible " airships flying around people's house's at night..........In your case, it just might be true.........Seen any black helicopters lately ?
Posted by Peaser01 on :
One visited me last night. He refreshed my kool-aid supply too.
Posted by Pagan on :
Good article/interview with Leigh Coleman...
May 1, 2005 by: Robert Poe America's Network
Production stratellites will range from 450 to 800 feet in length, and will carry payloads of from 500 to 2,000 lbs.
Technological innovations with the potential to turn industries on their heads often face huge challenges in gaining commercial acceptance. The latest example comes from Sanswire, a subsidiary of Florida-based IP telephony provider GlobeTel Communications.
The company plans to turn communications topsy-turvy by using "stratellites," updated dirigibles, to relay cellular or other wireless transmissions among different points within a 200-mile-diameter footprint.
The company unveiled a near-complete 188-foot-long prototype in Southern California in mid-April. Launch of the first of the full-fledged commercial versions, which will range in length from 450 to 800 feet and carry payloads ranging from 500 to 2,000 lbs., is scheduled for early next year. Stratellites will stay aloft 18 months before returning to earth for retrofitting.
ECONOMIC ALTERNATIVE According to GlobeTel president Leigh Coleman, the governments of Peru and Colombia have already placed orders, along with unnamed U.S. companies. The U.S. Army and Air Force are interested. The production goal is some 300 airships a year by 2007.
The main reason for the intense interest is economics, according to executives. "The cost will be a fraction the cost of a satellite," says Robert Jones, the former NASA official who is now overseeing the airships' construction as president of Sanswire's government services group.
Stratellites will also compete favorably on cost with terrestrial wireless infrastructure, according to Coleman. They will be able to relay 3G and 4G cellular signals without handset modification, as well as fixed broadband wireless to and from ground locations through small antennas, he says.
Non-cellular-based mobile broadband will have to wait for the availability of WiMAX mobile technology. GlobeTel estimates that it is possible to build a nationwide wireless infrastructure using about 300 stratellites. With economies of scale and other savings, such a system could cost significantly less than a comparable terrestrial wireless network.
REPLACEMENT INFRASTRUCTURE Coleman also notes that stratellites can replace three types of wireless infrastructure at once: cellular, fixed wireless broadband, and satellite. All in all, he says, once stratellites start operating, "We believe there will be a paradigm shift in the way we communicate."
On the other hand, Christopher Baugh, president of satellite market research firm Northern Sky Research, notes that "satellite bandwidth is already in orbit. Putting something in the air is just one part of the equation." Working out the business case for the use of the stratellites will be equally challenging, he claims. All in all, he says, "I think it's pretty speculative and pretty far in the future."
That might not contradict the GlobeTel/Sanswire vision as much as it seems. When you're moving at the aerospace equivalent of Internet time, even next year appears pretty far in the future.
Posted by Puffypoodle on :
Form 10QSB for GLOBETEL COMMUNICATIONS CORP
16-May-2005
Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
General
Three months ended March 31, 2005, ("2005" or "the current period") compared to the three months ended March 31, 2004, ("2004" or "the prior period").
Results of Operations
Revenues. During the current period, our gross sales were $18,010,643, representing an increase of 461.1% over the prior period when our gross sales were $3,210,333. Our revenues increased primarily due to revenues from our subsidiary, Centerline and its subsidiaries, which recorded consolidated revenues of $13,399,726 (or 76.1% of total revenues), consisting primarily of wholesale traffic revenues (telecommunications minutes) and related network management fees. The remainder of our revenues continued to be predominantly from telecommunications minutes going through our Philippines and Brazil networks.
Philippines network generated $3,491,970 (or 20.2% of gross revenues) and our Brazil network generated $101,368 (or less than 1% of gross revenues). Other domestic and international wholesale traffic revenues were $14,417,305 (or 79.0% of gross revenues), including revenues $2,988,375 (or 16.6% of gross revenues) from Mexico (unrelated to our Mexico network). Our Mexico network generated no revenues.
Additional revenues generated included $700,000 from a network built for an international client (netting in $35,000 of gross profit, after costs of $665,000). Revenues from our Magic Money program were $39,585 and $2,976 from the sale of IP Phones. There were no sales from these programs in the prior year.
Cost of Sales. Our cost of sales consists primarily of the wholesale cost of buying bandwidth purchased by us for resale, collocations costs, technical services, wages, equipment leases, and the costs of telecommunications equipment. We had cost of sales of $17,283,963 for the current year, compared to $3,164,741 for the prior period. We expect cost of sales to increase in future periods to the extent that our sales volume increases.
Gross Margin (Loss). Our gross margin was $726,680 or 4.0% for the current period, compared to $45,592 or 1.4% of total revenues in the prior period, an increase of $681,088 or 767.9%. The increase is primarily due to the fact that there was lower margin on resale of wholesale minutes related to the increased cost of the minutes to terminate, especially the Mexico network, where our margin was less than two percent, and initial activities of Centerline, where our gross margin was minimal or zero in the prior period. We expect to derive higher margins once we formally take over the operations of our customer's Mexico network as described in Part II, Item 1 "Legal Proceedings," and commence sales directly to the retail market.
Operating Expenses. Our operating expenses consist primarily of payroll and related taxes, professional and consulting services, expenses for executive and administrative personnel and insurance, bad debts, investment banking and financing fees, investor and public relations, research and development, sales commissions telephone and communications, facilities expenses, travel and related expenses, and other general corporate expenses. Our operating expenses for the current period were $4,299,018 compared to prior period operating expenses of $1,341,459, an increase of $2,957,559 or 220%. The increase is primarily due to the following.
Consulting and professional fees increased to $1,238,458 (including non-cash compensation of $716,400), from $194,405 in the prior period. Investment banking and financing fees increased to $439,715 in the current period, related to obtaining funding of approximately $4.8 million, compared to none in the prior period
In addition, employee payroll and related taxes for the current period were $570,501 compared to $72,288, an increase of $494,303 or 637.9%. This increase was due to expansion of our operations, facilities and workforce, related to additional services required to develop and expand our geographical and product markets and projects, including our Stored Value Program, our Sanswire Project, and international markets, primarily in Asia and Australia, as well as increased professional fees in maintaining and expanding a public company.
We incurred $443,924 of research and development costs for our Sanswire project - development of the Stratellite during the current period, compared to none in the prior year, whereas the Sanswire assets were acquired in April 2004.
We incurred $724,513 of sales commissions for our Centerline operations during the current period, compared to none in the prior year, whereas the Centerline operations began in after the prior period in 2004.
Income (Loss) from Operations. We had an operating loss of ($3,572,338) for the current period as compared to an operating loss of ($1,295,867) for the prior period, primarily due to increased operating expenses as described above, including the expansion of our various programs. We expect that we will continue to have higher operating costs as we increase our staffing and continue expanding operations, programs, projects and operating costs related to our newly acquired subsidiaries.
Other Income (Expense). We had net other expenses totaling $27,715 during the current period compared to $2,700 in the prior period.
Net Income (Loss). We had a net loss of ($3,600,053) in the current period compared to a net loss of ($1,298,567) in the prior period. The net loss is primarily attributable to the increase in the operating expenses as discussed above.
Liquidity and Capital Resources
Assets. At March 31, 2005, we had total assets of $15,124,388 compared to total assets of $4,292,220 as of March 31, 2004.
The current assets at March 31, 2005, were $6,390,994, compared to $3,877,848 at March 31, 2004. As of March 31, 2005, we had $3,604,441 of cash and cash equivalents compared to $333,917 as of March 31, 2004. The increase in cash and cash equivalents is primarily related to private placement funding during the current period.
Our net accounts receivable were $2,575,932 as of March 31, 2005, compared to $3,039,427 at the same point in 2004. Approximately 94% of the March 31, 2005, receivables were attributable to four customers, including 27% or $695,087 (net of allowance) related to the Mexico network, 19% or $485,800 (net of allowance) related to the Brazil network and 48% or $1,232,310 related to the Philippines network. We have increased our allowance for doubtful accounts by $94,095 for the year.
Other current assets included $49,307 in prepaid expense, primarily prepaid minutes with carriers, compared to $245,300 in 2004; $60,976 inventory of IP Phones, compared to none in the prior year; and deposits on equipment purchases and other current assets of $88,994 compared to none in 2004.
We had other assets totaling $3,181,363 as of March 31, 2005, compared to $27,057 as of March 31, 2004. The increase was attributable primarily to the acquisition of the Sanswire intangible assets valued at $2,778,000 and investment in CGI, our unconsolidated foreign subsidiary, totaling $352,300 as of March 31, 2005. Neither of these two items existed as of March 31, 2004.
Liabilities. At March 31, 2005, we had total liabilities of $2,765,146 compared to total liabilities of $1,423,180 as of March 31, 2004.
The current liabilities at March 31, 2005 were $2,761,176 compared to $1,423,180 at March 31, 2004, an increase of $1,337,996. The increase is principally due to $1,163,786 due to CGI, our unconsolidated foreign subsidiary, contractual obligations netting $481,363 due to CSI, and $300,000 in sign-on bonuses payable to Sanswire employees with GlobeTel stock. There were no significant long-term liabilities as of March 31, 2005 and 2004.
Cash Flows. Our cash used in operating activities was ($2,525,356) for the current period, compared to ($1,137,403) for the prior period. The increase was primarily due to the increased level of operations and operating activities and changes in our current assets and liabilities.
Our cash used in investing activities, including acquisitions of property and equipment totaling ($5,151,177), relating primarily to our expanding telecommunication program, compared to ($3,792) in the prior year.
Net cash provided by financing activities was $10,679,415, principally from proceeds from the sale of preferred stock of $5,085,200 for the current period, compared to $1,132,060 in the prior period; proceeds totaling $1,800,000 (before related costs) for convertible notes payable; $2,631,120 from sales of common stock, relating to the exercise of warrants by convertible note holders; and proceeds of $1,163,786 (net of repayments) from the loan payable to CGI.
In order for us to pay our operating expenses during 2005, including certain operating expenses of our wholly-owned subsidiaries, Sanswire and Centerline, and the overall expansion of our operations, we raised approximately $10.7 million during the current period. An additional, private placement funding approximately $3.5 million is expected to be received during the second quarter of 2005.
As detailed in the financial statements, we have stock subscriptions receivable for preferred shares that will raise a total of approximately $7 million in cash in 2005, primarily in the form of financing provided by Series B preferred shareholders. Of these funds, $5 million is committed to the purchases of equipment (two data switches) for our stored value program. With this funding, as well as the additional funding received to-date in 2005, we will have the existing capital resources necessary to fund our operations and capital requirements as presently planned over the next twelve months. However, if we do not receive the full amount, then we may not have the existing capital resources or credit lines available that are sufficient to fund our operations and capital requirements and therefore we may have to pursue additional funds through the issuance of debt and/or equity instruments.
Furthermore, the capital markets have responded favorably to our growth and business strategies through to-date in 2005, particularly as a result of our Stratellite project, and increased investment is anticipated in the near term.
As reflected in the accompanying financial statements, during the period ended March 31, 2005, we had a net loss of ($3,600,053) compared to a net loss of ($1,298,567) during the prior period. Consequently, there is an accumulated deficit of ($43,261,089) at March 31, 2005, compared to ($27,792,733) at March 31, 2004.
This Form 10-Q and other statements issued or made from time to time by GlobeTel contain statements which may constitute "Forward-Looking Statements" within the meaning of the Securities Act of 1933, as amended and the Securities Exchange Act of 1934 by the Private Securities Litigation Reform Act of 1995, 15 U.S.C.A. Sections 77Z-2 and 78U-5 (SUPP. 1996). Those statements include statements regarding our intent, belief or current expectations, our officers and directors and the officers and directors of our subsidiaries as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results and the timing of certain events may differ materially from those contemplated by such forward-looking statements.
Forward-looking statements include, but are not limited to, statements about our plans, objectives, expectations, intentions and assumptions and other statements that are not historical facts. Words like "expect", "anticipate", "intend", "plan", "believe", "seek", "estimate" and similar expressions identify forward-looking statements.
Posted by Puffypoodle on :
GTEL Announces First Quarter 2005 Results Monday May 16, 7:50 am ET Reports Significant Improvements
FT. LAUDERDALE, Fla.--(BUSINESS WIRE)--May 16, 2005--GlobeTel Communications Corp. (OTCBB: GTEL - News), reported today in its filing of SEC Form 10Q, that during the quarter ended March 31, 2005, the company had revenues of $18,010,643 resulting in a net loss of $3,600,054. In comparison, the company had revenues of $3,210,333 for the quarter ended March 31, 2004 with a net loss of $1,298,567.
In comparison to the fourth quarter of 2004, the company is providing the following information:
Timothy Huff, CEO of GlobeTel, stated, "We are pleased with our overall performance and our increase in shareholder value. We will continue to incur losses as we grow out our business, however, we expect the losses to diminish, quarter over quarter. We are also pleased that our numbers that we wanted increases in, increased and those numbers that are supposed to go down went down. Revenues and margins are up. G&A costs and net losses are down. We are exceptionally pleased with the overall financial health of the Company as evidenced by the significant increases in our Total Assets and our Stockholders Equity."
General and administrative costs reported by the company include extraordinary expenses and other non-recurring expenses of approximately $1.87 million. Excluding these costs, the actual operating costs were less than $1.65 million.
Mr. Huff continued, "Our revenues for the FY 2004 were over $29 million and this quarter alone, we had over $18 million. This puts us on our projected run rate of approximately $72 million. As we grow, we will continue to incur one-time charges that will ultimately help the profitability of our company. While the costs have decreased from the last quarter, they are still significant as the company continues to be in an expansion mode."
The company has been building its operations and has been hiring quality personnel to prepare for the future and will be adding additional office spaces at its headquarters which will almost double its current office spaces. Likewise, the company's wholly-owned subsidiary, Sanswire Networks, LLC, is also expanding, hiring high-level aerospace engineers and numerous staff for the build-out of its Stratellite and will be moving to bigger facilities at its new location at Palmdale, California.
Mr. Huff concluded, "The Company is stronger than it has ever been and we continue to have institutional investors invest in the company. We are in the midst of revamping our organization and improving our operations as part of our overall goal of reaching breakeven and then profitability by the end of 2005. With all these significant changes and our move from the OTCBB to the American Stock Exchange in the immediate future, it will be truly exciting times at GlobeTel and especially for our shareholders."
About GlobeTel Communications Corporation:
GlobeTel Communications Corporation is a diversified Telecommunications and Financial Services Company. GlobeTel Communications Corporation operates business units in Stored Value debit cards, as a certified MasterCard processor, the sale of Carrier grade VOIP of Long Distance to major Long Distance re-sellers, VOIP Technology and development, and high altitude airship research and development. These self contained business units were developed to operate independently of each other. The symbiotic relationship however, provides value to each of the other business units. This strategy offers GlobeTel financial diversity and risk mitigation while striving toward its operating objectives.
Operating on a global basis, GlobeTel has, historically, focused its business development on markets outside of the United States. Current operations and business relationships exist in Asia, Europe, South America, Mexico and the Caribbean. Additional information concerning other areas and topics of GTEL can be found on our web site at http://www.globetel.net
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Placement Act of 1995. The words "forecast", "project", "intend", "expect", "should", "would", and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements. The above are more fully discussed in the Company's SEC filings. Contact:
GlobeTel Communications Corp. Leigh A. Coleman, 954-241-0590 investors@globetel.net http://www.globetel.net Posted by George on :
quote:Originally posted by Peaser01: Maybe they're invisible? LOL jk.
.19-.21 sounds good for me too. A few weeks after the R/S + move to AMEX it'll be at a decent buy range as well I believe.
Peaser, come on now. you will never see .19 - .21 again. A great 10 k today for a development company and the move to the Amex later this week... It will continue up from here and then be $4.00 a share on Thursday... If it ever see's .19 after that we are all in trouble.
Posted by George on :
quote:Originally posted by Peaser01: One visited me last night. He refreshed my kool-aid supply too.
Now I see why you are seeing thing diffrently...it's the kool-aid....
Posted by Pagan on :
GTEL Announces First Quarter 2005 Results; Reports Significant Improvements via COMTEX
May 16, 2005
FT. LAUDERDALE, Fla., May 16, 2005 (BUSINESS WIRE) --
GlobeTel Communications Corp. (OTCBB: GTEL), reported today in its filing of SEC Form 10Q, that during the quarter ended March 31, 2005, the company had revenues of $18,010,643 resulting in a net loss of $3,600,054. In comparison, the company had revenues of $3,210,333 for the quarter ended March 31, 2004 with a net loss of $1,298,567.
In comparison to the fourth quarter of 2004, the company is providing the following information:
1st Quarter 4th Quarter 2005 2004 Change ----------- ----------- ------------Revenues $18,010,643 $14,486,589 + $3,524,054 =========== =========== ============Gross Margin $ 726,680 $ (176,017) + $ 902,697 =========== =========== ============Net loss $ 3,600,054 $ 8,416,953 - $4,816,899 =========== =========== ============Total Assets $15,124,388 $ 6,195,977 + $8,928,411 =========== =========== ============Total Stockholder Equity $12,359,242 $ 5,276,577 + $7,082,665 =========== =========== ============ Timothy Huff, CEO of GlobeTel, stated, "We are pleased with our overall performance and our increase in shareholder value. We will continue to incur losses as we grow out our business, however, we expect the losses to diminish, quarter over quarter. We are also pleased that our numbers that we wanted increases in, increased and those numbers that are supposed to go down went down. Revenues and margins are up. G&A costs and net losses are down. We are exceptionally pleased with the overall financial health of the Company as evidenced by the significant increases in our Total Assets and our Stockholders Equity."
General and administrative costs reported by the company include extraordinary expenses and other non-recurring expenses of approximately $1.87 million. Excluding these costs, the actual operating costs were less than $1.65 million.
Mr. Huff continued, "Our revenues for the FY 2004 were over $29 million and this quarter alone, we had over $18 million. This puts us on our projected run rate of approximately $72 million. As we grow, we will continue to incur one-time charges that will ultimately help the profitability of our company. While the costs have decreased from the last quarter, they are still significant as the company continues to be in an expansion mode."
The company has been building its operations and has been hiring quality personnel to prepare for the future and will be adding additional office spaces at its headquarters which will almost double its current office spaces. Likewise, the company's wholly-owned subsidiary, Sanswire Networks, LLC, is also expanding, hiring high-level aerospace engineers and numerous staff for the build-out of its Stratellite and will be moving to bigger facilities at its new location at Palmdale, California.
Mr. Huff concluded, "The Company is stronger than it has ever been and we continue to have institutional investors invest in the company. We are in the midst of revamping our organization and improving our operations as part of our overall goal of reaching breakeven and then profitability by the end of 2005. With all these significant changes and our move from the OTCBB to the American Stock Exchange in the immediate future, it will be truly exciting times at GlobeTel and especially for our shareholders."
Posted by Pagan on :
GTEL Announces Amendment to its Information Statement, Form 14C, and Revised Date for Moving to the American Stock Exchange
FT. LAUDERDALE, Fla., May 16, 2005 (BUSINESS WIRE) -- GlobeTel Communications Corp. (OTCBB: GTEL), today announced that it has filed an amended 14 c information statement clarifying the date for the effectiveness of the announced reverse share split and move to the American Stock Exchange. The Company has amended its information statement to remove certain ambiguities and to reflect, among other things, that the effective date of the announced reverse split is anticipated to be on May 23, 2005. The last trading date for shares on the OTC Bulletin Board is anticipated to be May 20, 2005.
The Company expects its shares will begin trading on the American Stock Exchange under the symbol GTE on Monday May 23, 2005, on a post split basis. The American Stock Exchange granted approval to their exchange contingent upon the Company affecting a 1 for 15 reverse stock split.
Timothy Huff, CEO of GlobeTel stated, "We are making preparations for our move to the American Stock Exchange and look forward to being a listed company on this quality financial institution. We will provide updates for our shareholders as we proceed down this path and want to thank all of the shareholders who have provided so much support to our management team in understanding the value of this restructuring and the excitement about the move to the AMEX."
Mr. Huff continued, "With this capital restructuring and move almost complete, we remain focused on developing our core businesses and expect significant accomplishments in the coming future. I share the sentiments of all the employees and partners of GlobeTel in celebrating the steps and progress that we have made thus far."
Posted by George on :
Great news today and a firm date to move to the AMEX.. Gives you more time to get shares while they are cheap... running out the gate today.
Posted by glassman on :
not to mention that shorts have no choice but to cover... Posted by George on :
quote:Originally posted by glassman: not to mention that shorts have no choice but to cover...
You are right.. make them buy all week...and no more nss to do...
Posted by glassman on :
this is what a short squeeze looks like:
Posted by George on :
This is one I wish I did not take profits on back at .16 I knew it would continue but you know what they say....do not fall in love...
Posted by George on :
oh well... I 'll ride my free shares into the sky.
Posted by Edster on :
Well that run up was short but sweet.
Posted by windjunkee on :
I'm with Peaser. I want the pps to drop so I can load up. I'm only holding 50k shares right now. My fuzzy math makes my holdings only 3333 1/3 shares post-split
Posted by glassman on :
hmmm serious MM games this morning...
100 signal came in at .25$ @ 10:19:55.....
Posted by glassman on :
you guys do understand that they have to cover the shorts right???????????
Posted by windjunkee on :
you mean MM's are shorting this stock? I'm ... just ... shocked
Posted by glassman on :
not just MM's....
Posted by George on :
why the big reversal? I know they usally bring it back down after the morning peak but this is too much.
Posted by glassman on :
i guess everybody is gonna give them the shares they need.....
Posted by George on :
they always do. Now they will take it back up.
Posted by glassman on :
itsa shame ain't it?
Posted by crusader30 on :
OK glassman, here's a good question since I've never been involved in a double happening like this.
With GTEL doing the RS and going to AMEX at the same time what will the MM's do at the end of this week? Will they want to get rid of their holdings or hold through the AMEX transfer? Posted by PENNY PIRATE on :
Glassman)Just wanted to say THANK YOU for GTEL! It's going to be a success IMHO. I hope we all prosper from the strats. I like the security aspect of this, but having a clear uninterupted cell phone conversation from anywhere will really be welcome. Good Luck to everyone!!!
Posted by sharkone on :
In regards to RS...Anyone have examples of other companies in the past that were once "penny stocks", then had a RS and are now large dominant stocks on NASDAQ, AMEX, etc.?
Posted by glassman on :
quote:Originally posted by crusader30: OK glassman, here's a good question since I've never been involved in a double happening like this.
With GTEL doing the RS and going to AMEX at the same time what will the MM's do at the end of this week? Will they want to get rid of their holdings or hold through the AMEX transfer?
every stock going to another exchange that i have seen has gone up as the MM's and whoever else is short has to cover.....i don't know what investment(?) decisions the MM's will make here....
Posted by crusader30 on :
Fair Enough! Should be an interesting week to watch. Posted by George on :
Looking to gap up at the open again....
Posted by windjunkee on :
b/a is .255/.258 with Schb at the top before the open. Should be an interesting day.
Posted by Edster on :
quote:Originally posted by windjunkee: b/a is .255/.258 with Schb at the top before the open. Should be an interesting day.
If you mean by interesting that it'll be a down day - looks like you called it so far.
Posted by glassman on :
unfortunately, as long as people sell? there can't be a short squeeze....
volume is low tho....
Posted by George on :
quote:Originally posted by glassman: unfortunately, as long as people sell? there can't be a short squeeze....
volume is low tho....
Glass is right....do not give up your shares to the MMs to help them cover their NSS
Posted by PENNY PIRATE on :
GLASS- Anyone selling now has no faith in this company or has been around for awhile and has made a nice profit. When we make our move to the AMEX and the share price finds a trading range(which could take time with developements)then maybe it will be o.k. to trade. This company can really change the world of communications and sellers may have to chase the PPS the closer we get to a successful launch of the strat.IMHO $5.00-$10.00 early on the AMEX(new investors).
Posted by glassman on :
volume is only 3.34 million so far today...
people are not selling....
Posted by George on :
quote:Originally posted by glassman: volume is only 3.34 million so far today...
people are not selling....
I know I am one of them. They would have to pry them out of my dead hands.....
Posted by George on :
People are not letting go like most days. It is holding pretty good during the morning sell period.
Posted by Pagan on :
I think most people are holding their breathe....waiting for a possible PR to hit before AMEX move...
Posted by Ziptar on :
So When exactly does the R/S and AMEX move Happen? I thought it was 5/16??
Posted by Edster on :
quote:Originally posted by Ziptar: So When exactly does the R/S and AMEX move Happen? I thought it was 5/16??
I think the R/S happens on 20 May and the move to AMEX is effective on 23 May.
Posted by stashu on :
Is this how it's going to be until Monday? I'll bet tomorrow is the same as today. Dead.
Posted by George on :
They are moving up on the ask this morning. 3x.244 then .249
Posted by George on :
I guess everyone has lost intrest and is just holding for the move to the Amex.
Posted by crusader30 on :
I wouldn't say "Lost Interest" would be the term I'd use. "Sitting and Watching" would be more like it. Posted by stashu on :
Did everyone here jump ship or what?
I for one am holding thru this.
Posted by BuyTex on :
done deal. relax...
Posted by George on :
Today is our day.... 15:1 R/S then the AMEX on Monday.... L2 is looking good today should hit .25 .26
Posted by Peaser01 on :
Back on board everyone. Getting ready for AMEX. Here we go!
Posted by Peaser01 on :
I think we could see an EOD run to .27-.28
Should be a very interesting day for GTEL. The best day in a while IMHO.
People are gonna buy in today, they will probably wait until the last few minutes and hope to get in for cheaper. Well, we've got news for them, it's not gonna get cheaper.
Posted by BuyTex on :
it's all good...go GTEL
Posted by Peaser01 on :
What another beautifully green day in the portfolio!
Posted by Edster on :
Very low volume today!
Posted by glassman on :
too bad we didn't get a short squeeze, too many people were afraid to hold thru the RS i guess... BUT, we are still looking good for the move...
Posted by Peaser01 on :
Sure are. We'll get more exposure moving to the AMEX. More people with believe that GTEL is a real company after the move.
Posted by Peaser01 on :
One question. Has anyone looked into on how hard GTE will get shorted once on the AMEX? That could bring the share price down considerably.
Just a thought. I want to weigh all possible scenarios
Posted by charger on :
I expect this to go up after the R/S. Even HPON has gone up after the split with low volume. Im buying 15k more before it becomes GTE.
-------------------------------------------------
Boycott Newsweek
Posted by ehya the fisherman on :
What is HPON?
Posted by ehya the fisherman on :
ahh HPNN.pk sorry bout that
Posted by Edster on :
After the dust settles from the R/S and the move to AMEX I think we probably will see a pronounced move to the upside given that we are getting closer to some real flight test events.
Posted by pensandoenti67 on :
at the current price of .2420 x 15 = $3.63 (Monday)
I would say GTE will see $5.00 by Mid June, that's only .33 under GTEL
Then Once the first stratellite goes up in August, this will see $10.00 under AMEX or .66 (GTEL)
Posted by Edster on :
Dow Jones newswire just announced the move to AMEX effective Monday 23 May..
Posted by George on :
Let it FLY.....
I still think it looks like a .25 to .26 finish today
3 MM between us and .25
Posted by crusader30 on :
375000 @ .245 It appears some folks are getting excited. Posted by George on :
quote:Originally posted by pensandoenti67: at the current price of .2420 x 15 = $3.63 (Monday)
I would say GTE will see $5.00 by Mid June, that's only .33 under GTEL
Then Once the first stratellite goes up in August, this will see $10.00 under AMEX or .66 (GTEL)
Posted by George on :
2x.248 then .25
Posted by George on :
one to go, now 2..they do not want to let it go.
Posted by Doctoall on :
May 20, 2005 10:40 AM US Pacific Timezone
GTEL Announces Move to the American Stock Exchange
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--May 20, 2005--GlobeTel Communications Corp. (OTCBB:GTEL) today announced that effective on Monday, May 23, 2005, the Company's shares will be moved to the American Stock Exchange and will trade under the symbol GTE.
The Amex granted approval to their exchange contingent upon the Company affecting a 1 for 15 reverse stock split. Further, this approval is contingent upon the Company remaining in compliance with all applicable listing standards until the date it begins trading on the Exchange, and may be rescinded if the Company is not in compliance with such standards.
Timothy Huff, CEO of GlobeTel, stated, "Our time has come to move to a more recognized trading exchange. We are looking forward to being listed on the AMEX and look forward to the next chapter in the financial life of the Company."
About the American Stock Exchange
The American Stock Exchange (Amex) is the only primary exchange that offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRSSM. In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993.
Leading the industry in ETF listings, the Amex lists 155 ETFs; the Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks. For more information, please visit http://www.amex.com.
About GlobeTel
GlobeTel Communications Corporation is a diversified Telecommunications and Financial Services Company. GlobeTel Communications Corporation operates business units in Stored Value debit cards, as a certified MasterCard processor, the sale of Carrier grade VOIP of Long Distance to major Long Distance re-sellers, VOIP Technology and development, and high altitude airship research and development. These self contained business units were developed to operate independently of each other. The symbiotic relationship however, provides value to each of the other business units. This strategy offers GlobeTel financial diversity and risk mitigation while striving toward its operating objectives.
Operating on a global basis, GlobeTel has, historically, focused its business development on markets outside of the United States. Current operations and business relationships exist in Asia, Europe, South America, Mexico and the Caribbean.
Additional information concerning other areas and topics of GTEL can be found on our web site at http://www.globetel.net.
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Placement Act of 1995. The words "forecast", "project", "intend", "expect", "should", "would", and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements. The above are more fully discussed in the Company's SEC filings. GlobeTel's statements regarding the actual timing of the move and the listing of the company shares shall not be official until the actual start of trading on the American Stock Exchange. The AMEX has the right to continue to review the company to ensure compliance with listing requirements up to and until the time of listing. There may be other factors that contribute to any delay in the listing.
Contacts
GlobeTel Communications Corp., Fort Lauderdale Leigh Coleman, 954-241-0590 investors@globetel.net
Posted by Edster on :
I have 20k of GTEL stock. After the R/S I'll own 1,333.3333. What happens to the 1/3 share if and when I decide to sell???? Don't think you can buy/sell fractional shares.
Posted by Peaser01 on :
Just remember. I think the share price needs to remain above $3 on the AMEX. If for some unknown readon it should dip below that, we may see another R/S to keep the price up. I don't think that the price will suffer like once on AMEX, but we need to keep that in mind.
Posted by Pagan on :
quote:Originally posted by Peaser01: Just remember. I think the share price needs to remain above $3 on the AMEX. If for some unknown readon it should dip below that, we may see another R/S to keep the price up. I don't think that the price will suffer like once on AMEX, but we need to keep that in mind.
We had to be @ $3 to be listed on AMEX. We closed @.242 today, which equates to $3.63 post split. We do not have to maintain the $3 after beginning of trading on the AMEX board. But IMO we will be heading up anyways, so its really a moot point in the end Posted by Peaser01 on :
That's what I'm hoping for is to move up. Just gotta wonder about those that are going to be shorting this after the move.
Posted by George on :
They will come out with some news about test flights or something after the move to the AMEX. I think they have been holding news for this moment.
Posted by Peaser01 on :
Good thinking. Early FAA approval would be a surprise to everyone. I was hoping to have FAA and NASA approval in July sometime. It would be sweet if news like that leaked out early.
FAA Approval is our next hurdle.
Posted by Peaser01 on :
quote:Originally posted by Pagan:
quote:Originally posted by Peaser01: Just remember. I think the share price needs to remain above $3 on the AMEX. If for some unknown readon it should dip below that, we may see another R/S to keep the price up. I don't think that the price will suffer like once on AMEX, but we need to keep that in mind.
We had to be @ $3 to be listed on AMEX. We closed @.242 today, which equates to $3.63 post split. We do not have to maintain the $3 after beginning of trading on the AMEX board. But IMO we will be heading up anyways, so its really a moot point in the end
The Amex granted approval to their exchange contingent upon the Company affecting a 1 for 15 reverse stock split. Further, this approval is contingent upon the Company remaining in compliance with all applicable listing standards on the date it begins trading on the Exchange, and may be rescinded if the Company is not in compliance with such standards. It is expected that the process will take 10 days to complete but may be as many as 20 days depending on regulatory issues and filing times. So the company must maintain to meet the listing criteria during this 10 to 20 day period.
Does the above statement refer to GTEL before AMEX listing or GTE after the listing?
Posted by Pagan on :
Yes, that 10 to 20 day period ends Monday when we begin trading on AMEX. And since we closed @.242 on Friday, that equates to $3.63 Monday post split. We will be in the clear. Hooray for our side!!!
Posted by Peaser01 on :
Giddy-up. Lets go GTE! Thanks Pagan
Posted by stashu on :
So, do you think we could get mentioned on CNBC's Cramer's Mad Money on our first day on the AMEX?
I for one will send an email and be dialing my fingers off during the "Lightning Round".
That would be some great national exposure.
Posted by Peaser01 on :
I think you need to start dialing about 5 minutes before the lightning round begins. We might not like what he has to say, that is why I have been hesitant about calling in. He doesn't usually research penny, under $5 stocks.
Posted by ladybird on :
You are cute, Pagan.
Posted by twright2k4 on :
The German Globetel counterpart GTC.BE went up 496% today.
Posted by windjunkee on :
GTE comes out of the box at 3.70. Lets see if we can get some immediate upward movement. GO GTE
Posted by Pagan on :
@ 3.77 now....good to see postive movement on the AMEX
Posted by jordanreed on :
GlobeTel Communications Corporation Appoints J. Streicher & Co. as its AMEX Specialist
By BusinessWire Last Update: 5/23/2005 9:20:02 AM Data provided by
GlobeTel Communications Corp. (GTE), today announced the appointment of J. Streicher & Co., as specialist for GlobeTel Communications shares on the American Stock Exchange.
Timothy Huff, CEO of GlobeTel Communications stated: "Following our meetings with J. Streicher & Co., and their long standing tenure at the AMEX, we moved to appoint them as our specialist. We believe that they truly understand our business and will be an exceptional partner with us as our representative in the capital market at the AMEX."
Jonathan Frey, Managing Partner of J. Streicher & Co., stated: "We welcome a company like GlobeTel to the AMEX and we are truly pleased to have been appointed as the Specialist for GlobeTel shares. We are impressed with the job that management has done, the vision for the future, and the overall direction of the Company."
About J. Streicher & Co. LLC
Founded in 1910, J. Streicher & Co. LLC is a prominent, well capitalized, highly rated, old-line Specialist firm, which makes markets in securities listed on the American Stock Exchange. J. Streicher & Co. LLC is a founding member of the American Stock Exchange and currently makes markets in some 42 diverse equity securities, such as Crystallex International Corp., DHB Industries, Inc., Pain Care Holdings, Inc., and Pioneer Drilling Co.
About GlobeTel
Posted by Pagan on :
Over $4....nice way to start the morning
Posted by windjunkee on :
$4.05 now. Keep on moving up. Knock wood, this is a positive move so far
Posted by ehya the fisherman on :
Whats the guess on the high for today?
Posted by Ziptar on :
Weird..... i haven't seen $4 all morning, I think my ameritrade streamer is broken..
Posted by ehya the fisherman on :
I saw almost 4.1 on my ameritrade trade
Posted by boilerroom on :
ziptar, Check your ameritrade streamer HOD, mine shows 4.05 and I saw that on last sale as well.
Posted by Ziptar on :
quote:Originally posted by boilerroom: ziptar, Check your ameritrade streamer HOD, mine shows 4.05 and I saw that on last sale as well.
OK totally lost what is HOD??
Posted by Pagan on :
HOD=High Of Day
Posted by Homer J. on :
I wonder why volume is so low?
Posted by jordanreed on :
191300 x 15 = 2869500
Posted by Homer J. on :
I see. Thanks for the help.
Posted by jake_the_snake on :
GO GTEL!!!!!!
Posted by jake_the_snake on :
I meant GTE (LOL)
Posted by charger on :
Glad i picked up 15000 more at .24 on friday.
Posted by BuyTex on :
can I get some help, please. On phone w broker: don't my new r/s shares? When was/is the pay date? Thanks...
Posted by stockaholic on :
Tentative pay date is tomorrow the 24th. That's what Scottrade told me this morning.
Posted by BuyTex on :
thank you, stockaholic
Posted by stockaholic on :
Welcome : )
Posted by TampaInvester on :
what was the R/S for GTEL...
Posted by <HoldingGTEL> on :
quote:Originally posted by TampaInvester: what was the R/S for GTEL...
I believe it was 1:16
Posted by d6veteran on :
1:15
Posted by George on :
Doing pretty good for our first day on the AMEX....
Posted by TampaInvester on :
are the shares owned before move to amex automatically transfered with the split. I do not see any "GTE" shares owned in my account
Posted by jordanreed on :
They should be transfered automatically. Mine were with ameritrade
Posted by BuyTex on :
quote:Originally posted by TampaInvester: are the shares owned before move to amex automatically transfered with the split. I do not see any "GTE" shares owned in my account
tampa, same deal = scottrade. They don't have em, yet; but due date on GTE is Wed....
Posted by TampaInvester on :
quote:Originally posted by BuyTex:
quote:Originally posted by TampaInvester: are the shares owned before move to amex automatically transfered with the split. I do not see any "GTE" shares owned in my account
tampa, same deal = scottrade. They don't have em, yet; but due date on GTE is Wed....
why is scottrade f'in late on everything? I am seriously thinking on moving to ameritrade
I hope I don't have to pay heavily for using scottrade (GVRP)
Posted by Ziptar on :
Who is MWSE in with a $6.07 ask and $1.86 Bid for 100 shares each way at the bell??
Posted by gotti1721 on :
it might of went up because alot of people couldent sell. well only the people that use scottrade.
Posted by Ziptar on :
quote: Press Release Source: The American Stock Exchange
American Stock Exchange List Common Stock of GlobeTel Communications Corporation Monday May 23, 1:52 pm ET
NEW YORK, May 23 /PRNewswire/ -- The American Stock Exchange® (Amex®) today listed the common stock of GlobeTel Communications Corporation under the ticker symbol GTE. GlobeTel Communications is a diversified Telecommunications and Financial Services Company. GlobeTel operates business units in Stored Value debit cards, as a certified MasterCard processor, the sale of Carrier grade VOIP for Long Distance to major Long Distance re-sellers, VOIP Technology and development, and high altitude airship research and development.
"We are extremely pleased to welcome GlobeTel Communications to the American Stock Exchange," said John McGonegal, senior vice president of the Amex Equities Group. "We look forward to assisting GlobeTel Communications Corporation in building a long-term shareholder value and raising the company's visibility in today's market."
Timothy Huff, CEO of GlobeTel said, "This is a great day for the shareholders, employees, and partners of GlobeTel Communications. We are extremely pleased to be part of one of the most significant stock exchanges in the world. We look forward to continued success and to being part of the American Stock Exchange family of companies."
The specialist in GlobeTel Communications Corporation will be J. Streicher. For further information on GTE and other Amex-listed companies, please visit http://www.amex.com.
Posted by George on :
3.00 x 5.24
GO
Posted by Ziptar on :
It's been nothing but Jokers for 24 hours.... Bid Ask 200 x 0.01 PACX 200 x 99.00 PACX 100 x 0.01 NASD 100 x 2000.00 NASD
Posted by stockaholic on :
Scottrade finally changed my account to GTE Why are they behind on everything? Good thing I didn't wanna trade this yesterday
Posted by George on :
quote:Originally posted by stockaholic: Scottrade finally changed my account to GTE Why are they behind on everything? Good thing I didn't wanna trade this yesterday
They are saving us from ourselfs......see the GVRP thread...
Posted by <jps> on :
It also took etrade until this morning, so it isn't only Scottrade. But it's not a big deal.
Posted by boilerroom on :
25-May-2005
Entry into Material Agreement
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT On May 9, 2005, the company entered into a private placement with a number of accredited investors whereby these investors have purchased $2,357,959.96 in Globetel's Common Shares at a price of $0.1924 per share, with Warrants to purchase up to an additional 8,578,856 shares of common stock of the Registrant at an exercise price of $.3395 per share.
On May 23, 2005, the Company accepted an additional subscription from one of the initial investors increasing their investment by $250,000 on the same terms and conditions as all the other investors.
The Registrant has entered into a Registration Rights Agreement with the investors and is obligated to register the shares purchased by Investors and the shares underlying the Investor's warrants.
Posted by sharkone on :
Has anyone ever tried telephoning Jim "Mad Money" Cramer on his take on GTE, now that it is traded on AMEX?
Posted by yoke yanker on :
The amex is not treating our beloved GTEl to kindly. Down .16 this morning
Posted by glassman on :
just waiting on some news
Posted by Edster on :
quote:Originally posted by yoke yanker: The amex is not treating our beloved GTEl to kindly. Down .16 this morning
and we thought the MMs were bad. Welcome to the world of listed AMEX stocks [lol]
Posted by boilerroom on :
Be patient guys, remember we opened at 3.60 so we are still up! Gte just needs some news and then it will climb. This is the quiet before the storm.
Posted by JHenry on :
Alright - let's see some picture outside the hanger - we're ready!
Posted by yoke yanker on :
So baby, here's your ticket, and the suitcase in your hand Here's a little money, now we'll do it just the way we planned You be cool for twenty hours, and I'll pay you twenty grand... "Glenn Frey"..Smugglers Blues...
Wow, that used to be the theme song at Hangar 10 down on the Rio Grande many years ago in my youth. (-; Cheers
Posted by glassman on :
here's the kicker...
it's the lure of EZ money, it's got a VERY srong appeal...... Posted by yoke yanker on :
Now down 10 percent but looks like it found some support at 3.48
Posted by Pagan on :
Quite the shake...wonder how many stop losses were wiped out by that dip......
Posted by Edster on :
looks like we are going to bounce around between 3.5 and 3.54 for the rest of the day.
Posted by Original_Cashmaker on :
Terrible close. Long run I think it will be great to move to AMEX but right now I'm afraid the "base" investor has been lost--this company was always so great because we all saw it going from .20 to $20. Now that it is at 3.50, it seems much less appealing to penny investors and is lost amongst the hundreds of relatively obscur $3 stocks.
Posted by Sgt. Steiner on :
Yes Im glad I got out of this stinking turd. Good news is it will be back in the .20s soon LOL
Posted by glassman on :
i'm glad you're out too sarge.....
Posted by Sgt. Steiner on :
Oh let me guess why. So that you could buy the cheap shares I was selling right????
Posted by glassman on :
no, because you don't like it... i wouldn't want anybody to buy a stock they didn't like.....
we have to wait for the Discover Cahnnel to do a show, or one the networks to do one on primetime news, and then? we'll get the action....
investing is not trading.....
i will say this tho... i have traded VERY volatile stocks on the AMEX....
Posted by Puffypoodle on :
GlobeTel Announces American Stock Exchange Celebration and Bell Ringing Ceremony Thursday May 26, 9:04 am ET
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--May 26, 2005--GlobeTel Communications Corp. (AMEX:GTE - News), today announced that Mr. Timothy Huff and other senior management of the company and senior management of the American Stock Exchange will ring the bell to open the start of trading at the American Stock Exchange on Tuesday, May 31, 2005.
ADVERTISEMENT A tombstone of the listing and the appointment of J. Streicher & Company as the Company's specialist will be published on Tuesday, May 31, 2005 in the National Edition of the Wall Street Journal announcing the listing.
Timothy Huff, CEO of GlobeTel Communications Corporation stated: "These are truly exciting times for GlobeTel Communications, our shareholders and our valued business associates. We celebrate the exceptional strides that we have made and look forward to our significant future opportunities. We remain on track with all of our business units and believe that the future will hold several significant events for us as a company."
Mr. Huff continued, "We welcome the opportunity to share in the celebration of our move to the AMEX with you and we look forward to significant advancements for our businesses in the coming weeks and months."
The Company will hold a brief reception at the American Stock Exchange and shareholders who wish to join management for a celebration of this event should contact Maria Vasquez via email at: mvasquez@globetel.net not later than Friday May 27, 2005 at 4:00 PM EDT. Due to space limitations, the reception will be limited to the first 70 people to respond.
The reception will begin promptly at 10:45 AM and will continue until 12:00 PM. The event will be held at the American Stock Exchange which is located at 86 Trinity Place, New York, NY 10006. All guests will be required to complete a questionnaire with their identification information due to security. Upon receipt, each attendee will be provided with confirmation of their attendance by Friday May 27, 2005 at 5:00 PM, or sooner, depending on timing of request.
About the American Stock Exchange
The American Stock Exchange (Amex) is the only primary exchange that offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRSSM. In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993.
Leading the industry in ETF listings, the Amex lists 155 ETFs, the Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks. For more information, please visit www.amex.com.
About GlobeTel
GlobeTel Communications Corporation is a diversified Telecommunications and Financial Services Company. GlobeTel Communications Corporation operates business units in Stored Value debit cards, as a certified MasterCard processor, the sale of Carrier grade VOIP of Long Distance to major Long Distance re-sellers, VOIP Technology and development, and high altitude airship research and development. These self contained business units were developed to operate independently of each other. The symbiotic relationship however, provides value to each of the other business units. This strategy offers GlobeTel financial diversity and risk mitigation while striving toward its operating objectives.
Operating on a global basis, GlobeTel has, historically, focused its business development on markets outside of the United States. Current operations and business relationships exist in Asia, Europe, South America, Mexico and the Caribbean.
Additional information concerning other areas and topics of GTEL can be found on our web site at http://www.globetel.net.
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Placement Act of 1995. The words "forecast", "project", "intend", "expect", "should", "would", and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements. The above are more fully discussed in the Company's SEC filings. GlobeTel's statements regarding future operations and events have material events which may or may not affect the actual outcome of the operations. Therefore, readers are urged to preface such statements as forward looking statements as that term is defined. There may be other factors that contribute to any delay in the above referenced content of this press release. Contact:
GlobeTel Communications Corp., Fort Lauderdale Leigh Coleman, 954-241-0590 investors@globetel.net
Posted by dellamorte dellamore on :
Cool
Posted by archmotel on :
anyone seen the ask @ 0.01 and bid @ 99.00
Posted by Edster on :
How low can we go ?????? 3.36 and dropping and no support in sight.
Posted by jordanreed on :
i have support at 3.24-3.26
Posted by PENNY PIRATE on :
Tuesday opening bell on AMEX is a great thing. Hope we put some good news together to help launch the PPS. Would like to see $5.00-$8.00 before a successful flight this summer. We could really Spike up if potential contracts are lining up counting on success. Speculation is a good thing, AMEX is the right place for us now.
Posted by glassman on :
quote:Originally posted by archmotel: anyone seen the ask @ 0.01 and bid @ 99.00
yes, AMEX does that big spread all the time..that's one of the ways you can spot an AMEX stock in off hours....
i traded MED a longwhile back and saw them open UP 10 to 20% every morning for several weeks.... AMEX is different from NASD, but al those stories about it being dead are just that...stories.... there was no point in arguing....seeing is believeing...
we'll see... Posted by charger on :
3.67 nice
-------------------------------------- Nobody on the road Nobody on the beach I feel it in the air The summer's out of reach Empty lake, empty streets The sun goes down alone I'm drivin' by your house Though I know you're not at home
But I can see you- Your brown skin shinin' in the sun You got your hair combed back and your sunglasses on, baby And I can tell you my love for you will still be strong After the boys of summer have gone
I never will forget those nights I wonder if it was a dream Remember how you made me crazy? Remember how I made you scream Now I don't understand what happened to our love But babe, I'm gonna get you back I'm gonna show you what I'm made of
I can see you- Your brown skin shinin' in the sun I see you walkin' real slow and you're smilin' at everyone I can tell you my love for you will still be strong After the boys of summer have gone
Out on the road today, I saw a DEADHEAD sticker on a Cadillac A little voice Inside my head said, "Don't look back. You can never look back." I thought I knew what love was What did I know? Those days are gone forever I should just let them go but-
I can see you- Your brown skin shinin' in the sun You got that top pulled down and that radio on, baby And I can tell you my love for you will still be strong After the boys of summer have gone
I can see you- Your brown skin shinin' in the sun You got that hair slicked back and those Wayfarers on, baby I can tell you my love for you will still be strong After the boys of summer have gone -Don Henley ------------------
Posted by That's Fact Up, Dude... on :
A tombstone of the listing...?
What in the hell is that?
Are they gonna cook a frozen pizza, or carve out a grave marker?
I'm so confused, man... Posted by George on :
anyone in NY going to the AMEX on Tuesday for the opening bell. IF so get me some pictures for my web site.
Posted by grandpa on :
What a great start today! EVERYONE HAVE A SUPER HOLIDAY, GO GTE !!!!!
Posted by crusader30 on :
Yep, Tuesday should be an interesting day. It's nice of the AMEX to let them ring the bell. I hope they take advantage of all the PR. Posted by d6veteran on :
Loaded up some more yesterday. I didn't expect it to move till next week though. Nice.
Posted by Pagan on :
Closed @ HOD...3.78....nice solid day
Posted by George on :
Tuesday should be a good day for us. Nice watching this thing grow since .04 a share.
Posted by glassman on :
quote:Originally posted by crusader30: Yep, Tuesday should be an interesting day. It's nice of the AMEX to let them ring the bell. I hope they take advantage of all the PR.
i can't wait till they get a picture on the world news of this thing flying... Posted by Peaser01 on :
I'll be checking my Wall St Journal for the listing. Can not wait for Tuesday!
Posted by imakmony2005 on :
hope to buyback in at 2.50??
Posted by Pagan on :
quote:Originally posted by imakmony2005: hope to buyback in at 2.50??
I guess you won't be onboard for the ride up then if your hoping to buy in @2.50...
Posted by Peaser01 on :
quote:Originally posted by glassman: no, because you don't like it... i wouldn't want anybody to buy a stock they didn't like.....
we have to wait for the Discover Channel to do a show, or one the networks to do one on primetime news, and then? we'll get the action....
investing is not trading.....
i will say this tho... i have traded VERY volatile stocks on the AMEX....
I saw the Discovery Channel's documentary type show on Globetel and the stratellite. It was a nice piece. I was fortunate enough to find it while channel surfing about a month ago or so. I was unable to see the entire piece, but saw a majority of it. The funny thing is, is that I knew all of the info that they mentioned due to my previous falling in love with GTEL. I'm a little older and little wiser now and know not to fall in love with any company. Always remember to take your profits, you can always buy back if the need be.
Anyways, the show was pretty good. We just need them to show it a few more times for the exposure. The DC used mainly digital imaging to show the stratellite. It would be nice if they re-did the piece and showed the completed S-1.
Posted by Peaser01 on :
300 shares went through at 4.87 in pre-market. Someone screwed up somewhere.
It may be an eventful day today.
Posted by boilerroom on :
Huff (the CEO) will be ringing the opening bell at the AMEX in a few minutes, hopefully that be some good PR for them.
May 31, 2005
GlobeTel Communications Corporation Rings the Opening Bell
The members and employees of the American Stock Exchange welcome GlobeTel Communications Corporation (GTE) as they ring the Opening Bell to celebrate their listing. For more information, click on the name or symbol above or News Release.
Posted by Peaser01 on :
I took my profits at 3.82
Posted by Peaser01 on :
Recovered nicely from 3.61 low of day.
Posted by Edster on :
quote:Originally posted by Peaser01: Recovered nicely from 3.61 low of day.
Good move to take profit at 3.82 but I don't think that 3.61 wil end up being the low of the day. So much for the AMEX bell-ringing euphoria.
Posted by Peaser01 on :
I guess so. Thanks Edster
Posted by ehya the fisherman on :
Is there an idea of when the next PR will be. Does anybody know of Globetels schedule?
Posted by ehya the fisherman on :
chirp chirp.... does anybody know of any scheduled events for gte in the comming weeks? I cant find it on their website. Im sure they had posted some kind of itinerary.
Posted by windjunkee on :
As far as I know, there is nothing specifically scheduled in the coming weeks. They are supposed to be disassembling the prototype and trucking it from San Bernardino to Edwards Air Force Base, then to do a test flight some time during the summer. I suspect they are probably in the disassembly stage right now, with the move this month and the test flight toward the end of July. This is all just an educated guess though.
Posted by ehya the fisherman on :
Thanks Wind
pretty much what I was looking for
Posted by Pagan on :
GlobeTel Communications Subsidiary Sanswire Networks has Begun its Move to Palmdale, California in Preparation of the Launch of the Company's First High Altitude Airship via COMTEX
June 1, 2005
GlobeTel Communications Corp.'s (AMEX:GTE), wholly owned subsidiary Sanswire Networks, LLC., today announced that it has finished its planned move from San Bernandino to Palmdale, California, in preparation for the Company's high altitude tests that are planned to be carried out later this year at Edward's Air Force Base in California.
Timothy Huff, CEO of GlobeTel stated: "We are very pleased with the progress that we have made with Sanswire One. We have successfully completed our planned tests in San Bernardino and now we finished our move to Palmdale, which borders the air space at Edwards Air Force Base, in preparation for our high altitude test of the Stratellite. Sanswire plans to launch the Stratellite from Edwards with help from the US Air Force and NASA later this summer. These continued tests will be focused on the control systems, power systems and high altitude performance criteria.
The new facilities are approximately 80,000 square feet, which is approximately twice as large as our prior facility at San Bernandino.
Posted by Peaser01 on :
"planned to be carried out later this year"
Looking to buy back under $3.00
Posted by Pagan on :
Think you'll be waiting a long time then....doubt we'll ever see $3.00
Posted by George on :
why did we drop on the news of the move? I would think that is great news.
Posted by ehya the fisherman on :
They made the move a lot sooner than I was expecting. Seems like they are ahead of schedule.
Posted by Pagan on :
We have daytraders playing GTE these days...its perfect for that right now with the daily runs and dips.
I also think it is great news.....on schedule so to speak IMO...
Posted by Peaser01 on :
People are shorting GTE.
Posted by jordanreed on :
looks loke its trading sideways with the typical wave pattern. seems like it could do this for awhile until better news. might be good for swinging
Posted by <jps> on :
I've been holding for a while now. Things are looking good!
Posted by stockaholic on :
Comin' down. Time to pick up some more. Any thoughts on a bottom??
Posted by PENNY PIRATE on :
Getting closer to launch. This could pop anytime with big block buying. Good Luck trying to pick bottom. AMEX eyes on us now. Don't get left behind!
Posted by charger on :
Any one else see Cramer today. Someone called with GTE. He gave it a sell sell sell........ouch
Posted by Dustoff101 on :
[QUOTE]Originally posted by charger: Any one else see Cramer today. Someone called with GTE. He gave it a sell sell sell........ouch ------------------------------------------------- Cramer is going to blow a fuse right infront of us someday...
I stated along time ago this company moved way to fast to the AMEX
The reverse split was ill timed and poorly thought out.
They should have waited till the STRAT was flying!
And then took a shot at the Nasdaq...........
I really hope the shareholders come out of this OK
Posted by charger on :
Cramer did not like GTE because he doesnt like the whole telecom sector... not just this stock.
Posted by Dustoff101 on :
[QUOTE]Originally posted by charger: [QB] Cramer did not like GTE because he doesnt like the whole telecom sector... not just this stock. ------------------------------------------------ Cramer went on a rant today about any stock under $5 .......
He really went off on $2 stocks..............
Basicly what he was saying is there will be a bit of a run on these cheap stocks for a couple of weeks... Then look out below, cuz here they come........
The street is going to wait and see what this company does.........
Don't think institutional buyers [ public ] are coming , they can't buy this stock under $5 .....
There's more, but I don't want to go into it again.........
Posted by BuyTex on :
whoa, dude. seriously--man's got an opinion--no need for schoolyard behavior...
quote:Originally posted by jake_the_snake: Hey Dustoff go jerk off Yours Truly, Jake
Posted by Dustoff101 on :
Originally posted by jake_the_snake: Hey Dustoff go jerk off Yours Truly, Jake -----------------------------------------------
Listen up Jake, nobody talks like that around here .........
That kind of scum bucket talk just shows what kind of, or should I say less of a man you are.
Get outa here and go back to R/B WHERE YOUR KIND BELONGS.
Posted by charger on :
Hey Jake_the_Sleaze .. yur givin snakes a bad name
Posted by PENNY PIRATE on :
Slow down guys, take it easy on each other. Listen, now that we are on the AMEX, there will be more heavy investors that will speculate on something this promising with more than one revenue source. The closer we get to launch, the PPS will start to rise. After $5.00(maybe before a launch)the PPS will move up on momentum. When the strat flies, watch the upward spike never to look back! Just my opinion.Good Luck!
Posted by windjunkee on :
I have to agree with Pirate. I admit I'm feeling nervous seeing the pps down here at $3.25, but we've been holding for the strat to fly and its getting closer and closer. Remember, we've seen this price level before. $3.25 equates to .216 pre-split. It was down there after the "rollout" disaster.
Posted by George on :
Looking like Peaser may get his $3 a share price... I am still holding since .04 cents a share....and I will be buying and holding more..Cramer does not know everything.. I am up and have used profits to buy other things. Gtel has been good to me.
Posted by Dustoff101 on :
Looks like jake the snake is history [ as in banned ]
Posted by gotti1721 on :
http://www.amex.com/ here is a link to the opening bell, just found it
Posted by That's Fact Up, Dude... on :
I got out at 3.68 a few days ago!!
Whew! Looks like I may have done the right thing.
The individuals involved in managing this company and its PR have made one mistake after another. The latest blunder of the R/S, was the proverbial straw that broke the camel's back. They disrupted what could have turned out to have been a potentially good rally when they did this, because the pps was steadily rising back into the high .20's when they made the R/S announcement.
Anyhow, that doesn't matter now, I made nearly 100% profit off this sucker and am quite pleased with my trade.
If the strat gets up in the air AND....
big AND here...
if it works after it gets up in the stratosphere,
then I may re-enter.
Posted by Peaser01 on :
I'm looking to buy upon FAA + NASA approval. The longer it takes for approval, the longer the share price will suffer IMO.
Posted by PENNY PIRATE on :
Peaser01) Last I heard, GTE was going to launch in U.S. AIR FORCE space with NASA's help or guidance, no FAA approval will be needed for the initial test. FAA approval is in the works. I got this info from another board, so I'm not sure how accurate it is. If this first test flight is a success, expect to chase the PPS much higher than where you got out. Sometimes better safe than sorry. Other times it pays to take a risk! Good Luck to you in any case.
Posted by stockaholic on :
quote:Originally posted by That's Fact Up, Dude...: I got out at 3.68 a few days ago!!
Whew! Looks like I may have done the right thing.
The individuals involved in managing this company and its PR have made one mistake after another. The latest blunder of the R/S, was the proverbial straw that broke the camel's back. They disrupted what could have turned out to have been a potentially good rally when they did this, because the pps was steadily rising back into the high .20's when they made the R/S announcement.
Anyhow, that doesn't matter now, I made nearly 100% profit off this sucker and am quite pleased with my trade.
If the strat gets up in the air AND....
big AND here...
if it works after it gets up in the stratosphere,
then I may re-enter.
I got out at 3.74 the other day and made some cash. Glad I did. Then got back in yesterday with more. I don't want to stray to far from this. New news about launches etc. will bring this right back up. Up and down...that's what stocks do. But explain to me how the R/S was a "blunder" when they reduced the number of shares, moved to the AMEX attracting new investors, and in doing so, the amount of money in your account didn't change one bit? Give me a million dollar bill or a million one dollar bills...what is the difference??
Posted by Peaser01 on :
Just don't forget about GTE's last PR about getting ready to move, or beginning to move to the launch site. It could be some time before S1 is disassembled and then reassembled. This might be good for day trading for the next few weeks or month, but I'm not looking to hold it until after the move is complete.
Posted by <HoldingGTEL> on :
That's pretty cool. At one time I held more shares than two of the people on the majority shareholders list.
Posted by Pagan on :
The prototype has already been disassembled and moved to Palmdale. A reputable source from another board called and confirmed it with Globetel. So launch could be much closer than anticipated IMO....
Posted by <HoldingGTEL> on :
quote:Originally posted by Peaser01: Just don't forget about GTE's last PR about getting ready to move, or beginning to move to the launch site. It could be some time before S1 is disassembled and then reassembled. This might be good for day trading for the next few weeks or month, but I'm not looking to hold it until after the move is complete.
I believe the last PR stated they had completed the move.
Posted by Pagan on :
Yes...the move is already complete. The follow-up call to Globetel was after that PR to confirm the prototype had also been moved. And that was confirmed by Globetel.
Posted by Pagan on :
quote:Originally posted by Peaser01: "planned to be carried out later this year"
Looking to buy back under $3.00
Looks like your getting your wish.....
Posted by PENNY PIRATE on :
Don't forget the .36 pre-split, this was over $5.00 at one point. At $3.00 post split this is cheap. With good news (not just about the strat) we could rebound very fast. GTE has all of the ducks in a row! IMHO, you don't want to be left behind trying to pick bottom.
Posted by Pagan on :
Alot of volume this AM....over 500K within first 45 mins....
Posted by ehya the fisherman on :
Great buy in!
Posted by George on :
I ended up selling half of mine at 3.30 > I am looking to buy it back in at $2.95 or so this week.
Posted by crusader30 on :
George, by all looks you may be able to get back in today. Hmmmmmmmmmmmm
Posted by Peaser01 on :
Geo, Be careful bud. I'd wait a few more days if I were you. We might not want to get back in yet. This has been falling. I am waiting until this starts to turn around or until GTE puts out a PR saying they are launching.
Posted by <netrade> on :
I wish I had more to buy at this price, I like making money from people who cant take the heat. If it wasnt for emotional people I would never be able to buy at 3.00 and sell at 3.80 I have over 1700 free shares of GTE becuase people invest in high risk stock when they cant afford to. I dont care if people buy or sell or if it hits 10 bucks a share or if this thing ever gets off the ground, I will have made plenty from people who keep dumping. I guess thats how most people make money doing this. If your going to put your money out there you need to be able to handle the swings.
Posted by <netrade> on :
2.76 man someone is going to make a boat load of money
Posted by Peaser01 on :
It's gonna keep falling I strongly believe. I'm waiting about another week or two to buy. Good daytrading stock if you can get execution.
Posted by George on :
You guys are right...I am going to get back in at some great prices. Wish I would of turned it all now....But I always keep my core because as you guys know one day it is going to fly....
Posted by Dustoff101 on :
Man, did I ever get beat up for warning ya'll!!!!!!
Posted by <netrade> on :
peaser I will never give advise to buy or sell, i dont like to play with other peoples money but imo if you wait a few weeks to buy it will be up again, this price hasnt been seen for a long time over 6 months it may go lower but its hard to pass this price up. but you have to go with your gut, good luck
Posted by George on :
quote:Originally posted by Dustoff101: Man, did I ever get beat up for warning ya'll!!!!!!
Dust it will go back up. Come on you know this is going to make us some more money. There is only 71mil shares now.
Posted by Peaser01 on :
GTEL did a reverse split, usually after splits on a stock, the price can sometimes return to the pre split price. I don't think GTE will drop that far. All I am saying is be careful here. I just don't want Geo or anyone else getting hurt on this.
Posted by George on :
quote:Originally posted by Peaser01: GTEL did a reverse split. I just don't want Geo or anyone else getting hurt on this.
But they only have 71 mil shares now and the company is still the same. Nothing has changed from before when they had 1 bil shares out.
corrected number of shares....
[ June 06, 2005, 11:43: Message edited by: George ]
Posted by George on :
the r/s that go back to the original share price is because that is all they are worth. This is diffrent. It was done to move to the Amex and no other reason
Posted by Peaser01 on :
I am waiting it out.
Posted by Pagan on :
George... FYI...they never had 10 bil shares OS...it was 1 bil shares OS and 1.5 bil AS before the split...
Posted by Dustoff101 on :
quote:Originally posted by George:
quote:Originally posted by Peaser01: GTEL did a reverse split. I just don't want Geo or anyone else getting hurt on this.
But they only have 71 mil shares now and the company is still the same. Nothing has changed from before when they had 10 bil shares out.
================================================= George it was 1.7 billion shrs not 10 billion... I know you knew that, just thought I would correct that number in the interest of accuracy
Posted by George on :
quote:Originally posted by Pagan: George... FYI...they never had 10 bil shares OS...it was 1 bil shares OS and 1.5 bil AS before the split...
Right, I had an extra zero. thanks
Posted by Dustoff101 on :
Hey guys it's starting to bounce around like the old days..........Hmmmmmmmmm am I gonna end up chasing again??????????????????????
Posted by Pagan on :
I added some @2.75...hopefully we bottomed for now
Posted by <jps> on :
quote: All I am saying is be careful here. I just don't want Geo or anyone else getting hurt on this.
Awww, so cute!
This stock will be fine. Great price to buy in right now, but no way I would sell!
Posted by <netrade> on :
i wish i was the lucky guy who bought 10k at 2.60 and dumped them 30 minutes later for 2.88 thats a good day
Posted by George on :
Can I use unsettled funds to buy back the same stock?
Posted by <netrade> on :
didnt mean lucky guy ment lucky person.... want to keep it pc in here
Posted by Peaser01 on :
quote:Originally posted by <jps>:
quote: All I am saying is be careful here. I just don't want Geo or anyone else getting hurt on this.
Awww, so cute!
This stock will be fine. Great price to buy in right now, but no way I would sell!
We'll find out tomorrow if I am right or wrong I guess.
Posted by Dustoff101 on :
[QUOTE]Originally posted by George: [QB] Can I use unsettled funds to buy back the same stock?
================================================ Only with a margin account...I think?
Posted by <jps> on :
Tomorrow? Not a very long-term lookout! I plan to be holding my shares until at least next year.
Posted by George on :
quote:Originally posted by <jps>: Tomorrow? Not a very long-term lookout! I plan to be holding my shares until at least next year.
Peaser does not go long anymore...he is a dday trader and hot stock pick guy.....
Posted by George on :
quote:Originally posted by Dustoff101: [QUOTE]Originally posted by George: [QB] Can I use unsettled funds to buy back the same stock?
================================================ Only with a margin account...I think?
Thats what I thought...So I have to wait till wedsnesday to buy back in. Thats why I always keep some in case it runs. remember back at .16 I ended up chasing it....
Posted by <netrade> on :
why hold when you can keep adding to your shares day to day, hold a core, trade the extras, build it up and when it gets off the ground you will take a nice vacation. It doesnt need to work it just needs to fly once.... because as we all know that will be a good day when the PR says it is flying
Posted by d6veteran on :
God I freaking hate this stock and wish I had just stayed away after my first two rides up from the bottom.
Lost more than I've made now.
#$(@&$ GTEL!
Posted by stockvaper on :
Just checking in again...still holding my core amount. I did sell some excess off (above core amount) at .26 before the R/S knowing there was a good chance I could pick them back up cheaper. I needed the money for another stock that was on the rise. I'm getting ready to buy more GTE when it bottoms out. I suspect it may still drop a little before launch. GLTA.
Posted by <netrade> on :
can the driver please slow down the badwagon, I think the people that jumped off at 2.60 want to get back on now
Posted by PENNY PIRATE on :
News out again! We are turning around fast. Time to buy those cheap shares if you have any dry powder left. Good Luck!!!!!
Posted by <netrade> on :
i ment bandwagon i need to proof read better... is that one word or is it band wagon... i should have paid attention in english
Posted by Pagan on :
GlobeTel Acquires HotZone Wireless LLC, a Leader in Wireless Radio Technology via COMTEX
June 6, 2005
FORT LAUDERDALE, Fla., Jun 06, 2005 (BUSINESS WIRE) --
GlobeTel Communications Corp. (AMEX:GTE) today announced that it has acquired the assets of HotZone Wireless, LLC (HotZone). HotZone is an advanced developer of WIMAX and extended range WIFI Systems with operations in the United States and Europe. The acquisition was paid primarily in GTE shares and cash. The agreement calls for certain performances by the sellers to achieve the full consideration.
HotZone is currently developing WIMAX wireless systems for Sanswire's High Altitude Airship called a Stratellite(TM). This WIMAX system will provide radio technology for the wireless communications that will cover significant geographic areas up to 120,000 square miles. For more information on the Stratellite, go to: http://www.sanswire.com.
The acquisition of HotZone will provide advanced wireless products and services for terrestrial wide area networks covering rural and city areas. Upon deployment of the Stratellite(TM), on a region-by-region and country-by-country basis the communications technology will deliver high speed voice, data and rich streaming content, as well as other communications possibilities. For more information on HotZone, go to: http://www.hotzonewireless.net.
Timothy M. Huff, CEO of GlobeTel stated: "This acquisition of HotZone marks an important step forward in the strategy for GlobeTel and provides the wireless applications needed for the company to deliver high speed wireless broadband, voice, internet and IP Video to our partners and customers worldwide. We welcome Mr. Uli Altvater and his team to the Globetel family."
Mr. Uli Altvater, Managing Partner of HotZone added: "We have been working with GlobeTel in the systems development for the Stratellite(TM) since inception and we are very excited about the progress that Sanswire and GlobeTel are making. We feel that our radio technology is truly industry leading and this application is a paradigm shift in technology and we are pleased to provide our expertise to this combined effort. We are excited to be part of the GlobeTel and Sanswire team. The continued development of our products and services in the arena of wide area wireless communications and new technologies will continue to place GlobeTel at the forefront of wireless communications."
The HotZone product line includes wireless routers which cover complete metropolitan areas or regions with wireless services as WiFi (802.11), WIMAX (802.16), and wireless VoIP services using DECT and PHS Handsets. HotZone provides the only available integrated outdoor system covering all these protocols with a single system. HotZone also implements innovative DVB-RCT Technologies enabling wireless transmission of voice, data and real-time video.
Primary consideration for the purchase is 666,667 GlobeTel common shares paid yearly for three years upon the successful completion of certain developmental milestones. Additionally, Mr. Altvater and his staff are entering into employment agreements with Globetel.
Posted by vwcruisn on :
wow look at that bounce back.. i KNEW i should have bought a bunch when i saw it down at 2.75 ::kicks own ass::
Posted by vwcruisn on :
this stock will see green today
Posted by <netrade> on :
quote:Originally posted by Pagan: I added some @2.75...hopefully we bottomed for now
looks like a good choice
Posted by Thorn on :
When does this become GTEE? or is that only when delinquent on reporting?
quote:didnt mean lucky guy ment lucky person.... want to keep it pc in here
That's sad. The English language designates "he" to mean male or no particular gender, already.
Posted by Edster on :
It'll really take some guts to buy more of this while it is in a free fall. Averaging down can get you a big loss in a hurry if the pps doesn't turn up.
Posted by <netrade> on :
a day trader could have done very well in this one today
Posted by crusader30 on :
quote:Originally posted by <netrade>: a day trader could have done very well in this one today
Oh Yes they could
Posted by Peaser01 on :
About the news, just remember that when a company announces that it spends cash in a PR, it's not always a good thing, unless it can turn an immediate profit from the purchase.
Posted by <netrade> on :
peaser i assume you sold at 3.05 and will rebuy tommorrow at 2.70 Posted by Peaser01 on :
This has been moving pretty similar in the last 5 days. I may just buy it tomorrow if it follows the same trend and make a day trade out of it.
Posted by Peaser01 on :
Nope, I didn't buy it today. I thought about it, but after the dip below 2.70, I knew I missed it. It may just follow the same trend for days to come. I may be daytrading this one if the trend continues. I sold what I had earlier last week.
Posted by maumee river rat on :
before the split. I believe there was support at a extreamly low level of .08/.09 somewhere in there.. Multiply the split back in 1.20 / 1.35 just a thought....don't kill me...I can't pull up any presplit charts to confirm for some reason..
Posted by mlewis765 on :
Posted by mlewis765 on :
Presplit charts can be found at stockcharts. Use the sharpcharts for gte.
Posted by <GTEL> on :
TIME TO GET IN AGAIN?
Posted by jordanreed on :
could be
Posted by George on :
I just sold the rest of mine...still a down trend. Should of sold it all yesterday. Anyway I will let it go before I get back in for the launch. Should be able to add more shares to make up for what I lost the last few weeks.
Posted by cruz on :
i added more at 2.75. news out there that this stock is on the watch and should move up.
Posted by cruz on :
good support at around 2.75. plus it is almost oversold.
Posted by Edster on :
quote:Originally posted by cruz: good support at around 2.75. plus it is almost oversold.
How can you tell that it is almost oversold?
Posted by Pagan on :
quote:Originally posted by Edster:
quote:Originally posted by cruz: good support at around 2.75. plus it is almost oversold.
How can you tell that it is almost oversold?
The RSI indicator is almost down to 30....anything near or below 30 RSI is usually a good indicator a stock is oversold...
Posted by <netrade> on :
the people are folding under the pressure good time to get in
Posted by Sgt. Steiner on :
Ya thats it good time to get in LOL Hurry up before it hits .25
Posted by Pagan on :
Solid day so far....slow and steady uptrend
Posted by BuyTex on :
dang, who lit the fire? suudenly at 3.00 ....
Posted by Pagan on :
It's been creepin up this morning....popping pretty nice right now....
Posted by PENNY PIRATE on :
We all knew this could not stay down. If you picked up cheap shares, good for you! When GTE is trading 10X's where we are now, $3.00-$5.00 really is cheap!!! Waiting for a successful launch is going to have many chasing us into the stratosphere. I'll hold and witness GTE change our future! Good Luck!!
Posted by <jps> on :
Looks like we may be in for a steady climb.
Posted by crusader30 on :
You got to love the way this stock plays.
It was fun as GTEL but it's more predictable as GTE.
Posted by Edster on :
Wish I could have bought some more a few days ago when it was hovering around 2.7-2.75. Would have been a nice move.
Posted by jordanreed on :
ok-everyone ready for the next push?
Posted by imakmony2005 on :
Ive got the value at 1.55 anyone else.thats the price im waiting for. good luck to all.
Posted by George on :
quote:Originally posted by imakmony2005: Ive got the value at 1.55 anyone else.thats the price im waiting for. good luck to all.
I doubt you will see that.. I am not holding right now but have been with GTEL since .04. I made a good 400%. I am just waiting to get closer to launch themn I will get back in big. In the mean time I figured making or lossing alittle on others was a better gamble since GTE has slowed down. If it keeps going up a few cents a day I will have to get back in pretty quick. My last exit was at 3.29
Posted by imakmony2005 on :
same, i made great cash on this pick back months ago, still keeping my eye on it but 3 buck seems to high for now. good luck.
Posted by BuyTex on :
quote:Originally posted by imakmony2005: same, i made great cash on this pick back months ago, still keeping my eye on it but 3 buck seems to high for now. good luck.
confused here...how is $3 "too much"? That's equivalent to less than it left the OTCBB...recent dips have tested levels in the pre-split .16-.18 range. I'm kinda green still, so please explain...
Posted by imakmony2005 on :
sorry i had a range of .25-.28
Posted by crusader30 on :
Early movement up. Go GTE Go
Posted by George on :
I am looking to get back into GTE bigtime...Left for a while to try and make money other places. I think we are getting close to a PR and Launch
Posted by Marcus on :
I am really excited about this stock, I got in and have satyed, of course my logic told me to get out and back in. I just didn't feel like chasing this thing.
Most of my picks are logical, this it one of the few that I am following my gut and sticking with....
Good luck all, GO GTE!!!!!
Posted by George on :
How do you get L2's for Amex? I do not have them on Scottrader Elite.
Posted by Pagan on :
Globetel Communications to be added to the Russell 2000 Index and the new Russell Microcap Index as of June 24, 2005.
That would be huge if it happens - lets cross our fingers and see what the final list is on June 24th. They are probably waiting to see if it gets approved before they send out a P.R. - wish they would send one out anyways stating they are being considered. I have been in a slump lately with my stocks but I am getting more and more excited about GTE as well as my MTDX and GVRP. Thank's for the post.
Posted by BuyTex on :
quote:Originally posted by Pagan: Globetel Communications to be added to the Russell 2000 Index and the new Russell Microcap Index as of June 24, 2005.
Just so you all know. I believe that a pattern has developed on the candle chart with GTE. Look at the three days prior to June, and compare it with where GTE is right now on the chart provided below.
so you're saying the charts says it's going even lower?
Posted by Peaser01 on :
Yes. Until the news breaks of a testing date, or FAA approval I am expecting for this to continue the trend.
Posted by BuyTex on :
whell, I'm phuckkked, lol, I been in and outta this, blow me, (not directed at you, pease)--I'm just gonna watch till the "the thing flies"... either it does or it don't...unless you got salient words o' wisdom in the meantime...lemme know...that chart looks bad, I agree...
Posted by Dustoff101 on :
Looks like you are a little peee Ooooed at one of these little ole stocks...Yep, comes with the territory...........The trick is to never get in a position where ya can get terrified...
We all say not me, then it happens, and you will be wearing your keyboard on your fore-head!!
PS. the above is NOT GTEL specific, Statement is meant in general terms..
Posted by BuyTex on :
nah, just like Peaser's observation...good post, that chart...
Posted by Dustoff101 on :
[QUOTE]Originally posted by BuyTex: [QB] nah, just like Peaser's observation...good post, that chart...
-------------------------------------------------
Tex, some day you may build yourself up into the forty grand and over range for a single trade..Thats when your the most vunerable to what I call the rattlesnake..
It can happen so fast, but on the other hand it's like every thing goes into slow motion...
Your life can change in a heart beat...
I know, your a big macho guy and you are to smart for something like that to happen to ya..
Well, I'm a big macho smart dude myself..And quess what happened to me..I lost over 30 grand. I spent months getting the money back in the stock market..I was able to trade because I was at home recovering from a little ticker problem,, and some other little health issues.
By the way Tex, I got wiped out in less than a month.
[ June 12, 2005, 03:24: Message edited by: Dustoff101 ]
Posted by Pagan on :
Peaser... I must not be seeing the trend you are referring to. My interpretation of that chart is that its primed for a pop upwards. I mean the pattern I see is a downtrend then sharp uptrends....
Mid 12/04...End 12/04...Mid 1/05...End 1/05...Early 2/05...Mid 3/05...Early 4/05...Mid 4/05...Early 5/05...Mid 5/05....all sharp uptrends as eveidenced in your chart...and the uptrends are always more substantial the the previous downtrends from which they are bouncing.
But pay close attention to early February and early April of this year...its a perfect match to our current chart conditions. And lets not forget our pending addition to the Russ2000 and Russ Microcap Indexes on 6/24/05(there has been no PR yet by GTE...should pop on that news as well). And also keep in mind that we should be hearing an FAA or Launch date announcement at any time...just my .02 FWIW
Posted by BuyTex on :
Pagan, i simply took it to mean it gets worse before it gets better...i think we all agree...
Posted by Pagan on :
I'm curious as to whether there will be a run up to June 24th on SP speculation. All the Hedge and Mutual Funds that use Russ2000 as a benchmark/mirror will have to take positions in all the new additions to the Russ2000. And they cannot be purchasing shares until after the official reconstitution on June 24th. So will we see a nice steady climb up in SP until June 24th and then a pop after the 24th?
In my opinion, GTE's addition to the Russ2000 and Russ Microcap was a main driving force to R/S and get on the AMEX before the end of May. The list of additions is compiled at the end of May if I'm not mistaken. GTE most likely received assurances that they would be added to the Russell Indexes if they were able to R/S and get on the AMEX by end of May. And if you recall, in previous PR's, GTE management stated that there were numerous Institutional investors waiting in the wings to invest in GTE. Being added to the Russell indexes gets away from the need to obtain the $5.00 SP before institutional investors can invest in GTE. So any Funds benchmarking the Russ2000 or the Russ Microcap will have to take positions to the new additions to the Indexes. Looks to be shrewd strategy on GTE managements part if my supposition is correct. Remember, just my opnion FWIW...
Posted by BuyTex on :
dang, man, that's good stuff. You got game in the DD dept....
Posted by Dustoff101 on :
[QUOTE]Originally posted by Pagan: [QB] I'm curious as to whether there will be a run up to June 24th on SP speculation. All the Hedge and Mutual Funds that use Russ2000 as a benchmark/mirror will have to take positions in all the new additions to the Russ2000. And they cannot be purchasing shares until after the official reconstitution on June 24th. So will we see a nice steady climb up in SP until June 24th and then a pop after the 24th?
In my opinion, GTE's addition to the Russ2000 and Russ Microcap was a main driving force to R/S and get on the AMEX before the end of May. The list of additions is compiled at the end of May if I'm not mistaken. GTE most likely received assurances that they would be added to the Russell Indexes if they were able to R/S and get on the AMEX by end of May. And if you recall, in previous PR's, GTE management stated that there were numerous Institutional investors waiting in the wings to invest in GTE. Being added to the Russell indexes gets away from the need to obtain the $5.00 SP before institutional investors can invest in GTE. So any Funds benchmarking the Russ2000 or the Russ Microcap will have to take positions to the new additions to the Indexes. Looks to be shrewd strategy on GTE managements part if my supposition is correct. Remember, just my opnion FWIW...
-------------------------------------------------
Pagan, finaly a decent analysis to my devils advocate position..................
It's about time man..
I am a worse case scenerio stock trader in this market at present..
Posted by Peaser01 on :
quote:Originally posted by Pagan: Peaser... I must not be seeing the trend you are referring to. My interpretation of that chart is that its primed for a pop upwards. I mean the pattern I see is a downtrend then sharp uptrends....
Mid 12/04...End 12/04...Mid 1/05...End 1/05...Early 2/05...Mid 3/05...Early 4/05...Mid 4/05...Early 5/05...Mid 5/05....all sharp uptrends as eveidenced in your chart...and the uptrends are always more substantial the the previous downtrends from which they are bouncing.
But pay close attention to early February and early April of this year...its a perfect match to our current chart conditions. And lets not forget our pending addition to the Russ2000 and Russ Microcap Indexes on 6/24/05(there has been no PR yet by GTE...should pop on that news as well). And also keep in mind that we should be hearing an FAA or Launch date announcement at any time...just my .02 FWIW
We'll wait and see what happens I guess.
Posted by Peaser01 on :
Just so everyone knows, a little birdy told me that the move of S1 has been completed. GTE is looking to launch S1 by the end of this summer for testing.
Posted by <netrade> on :
quote:Originally posted by Peaser01: Just so everyone knows, a little birdy told me that the move of S1 has been completed. GTE is looking to launch S1 by the end of this summer for testing.
didnt that little birdy tell everyone that on June 1st? when they said the move is complete and they plan to launch later this summer? I thought that was common knowledge from reading the PR
Posted by George on :
quote:Originally posted by Peaser01: Just so everyone knows, a little birdy told me that the move of S1 has been completed. GTE is looking to launch S1 by the end of this summer for testing.
Peaser..... the last PR said the move was complete. It was a little misleading but it was in there.
Might be time to put some money back into GTE.
Posted by Peaser01 on :
Ya, I know. LOL. I got an e-mail from wallst.net on Friday and GTE was a company to watch on it. Now you know my little birdie. There is an interview with Huff as well on it.
Posted by George on :
are you posting all this stuff on our web site?
Posted by Peaser01 on :
Just sent it to you. I'm currently too busy watching my other pick.
Posted by George on :
quote:Originally posted by Peaser01: Just sent it to you. I'm currently too busy watching my other pick.
I know what you mean..hard to take the old eyeballs off the screen...
Posted by JHenry on :
News is starting:
GlobeTel Signs Formal Agreement with NASA
This should start it going.
Posted by Pagan on :
GlobeTel Signs Formal Agreement with NASA
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--June 13, 2005--GlobeTel Communications Corp. (AMEX:GTE) today announced that the company has signed a formal agreement with the National Aeronautics and Space Administration (NASA). The terms of the agreement with NASA's Dryden Flight Research Center at Edwards Air Force Base in California establish that NASA Dryden will provide assistance in GlobeTel's development and flight testing of the Stratellite, the company's high altitude Remotely Operated Airship (ROA).
Under the agreement, NASA Dryden will provide specialized technical support to GlobeTel's subsidiary, Sanswire Networks LLC, for the firm's development and flight testing of the Stratellite via a series of task agreements.
It is expected that the first task agreement will call for NASA Dryden to develop piloted and unpiloted simulations of the Stratellite airship. The simulations would incorporate the airship's aerodynamics, propulsion and control features based upon data provided to NASA Dryden by Sanswire.
GlobeTel plans to provide NASA and other agencies access to the Stratellite for the installation, integration, and deployment of NASA-sponsored sensors and other projects.
The agreement between NASA Dryden and GlobeTel is authorized under the Space Act of 1958 under which NASA was established.
"It is a great honor to be working with an organization such as NASA," said Timothy Huff, Chief Executive Officer of GlobeTel. "The NASA Space Act Agreement allows NASA's Dryden Flight Research Center to support GlobeTel Communications Corp. in the development and flight test of a High Altitude Remotely Operated Airship."
"The NASA agreement will give GlobeTel access to additional capable personnel and technology, accelerating the growth of both GlobeTel and our wholly-owned subsidiary, Sanswire Networks LLC, and take advantage of the opportunity that lies ahead of us," Huff stated. "The information gained from ROA development efforts will be of mutual benefit to both NASA and GlobeTel."
A Stratellite is similar to a satellite, but is stationed in the stratosphere rather than in orbit. At an altitude of 10 to 13 miles above the Earth, each Stratellite will have clear line-of-sight communications capability to an entire major metropolitan area as well as being able to provide coverage across major rural areas. Several Stratellites linked together could cover many hundreds of thousands of square miles. The Stratellite will allow subscribers to easily communicate in "both directions" using readily available wireless devices. In addition to voice and data, proposed telecommunications uses include cellular, 3G/4G mobile, MMDS, paging, fixed wireless telephony, HDTV, real-time surveillance and others.
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Placement Act of 1995. The words "forecast", "project", "intend", "expect", "should", "would", and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements. The above are more fully discussed in the Company's SEC filings.
Posted by George on :
I was ready to buy today and went to lunch..damn it. I was only able to get 145 shares filled.
Not going to chase it.
Posted by stockaholic on :
Movin' up quick!
Posted by Pagan on :
Zooming now....huge news
Posted by George on :
I went ahead and got another 1000 shares...
Posted by Raptorsrule on :
Great news.....plenty of time....IMHO
Posted by Peaser01 on :
I'm waiting to see what the end of day brings. It's moving up good right now.
Posted by windjunkee on :
I think the biggest impact of this news is the legitimacy it brings to GTE. A million shares traded already? Today is a big day. I just want it to buoy at a new support level of $4-$4.50 and then jump from there with good news of the test flight.
GO GTE --3600 shares and holding strong.
Posted by <netrade> on :
quote:Originally posted by Sgt. Steiner: Ya thats it good time to get in LOL Hurry up before it hits .25
a $2650 investment (1000 shares) would have brought bback $3,400 only 3 days later... thats nothing to laugh at sarg. too bad u thought I was making jokes
Posted by PENNY PIRATE on :
Windjunkee) Yes, GTE is for real! I agree, once the strat is in the air and recovered, we won't be able to touch shares anywhere close these prices. Good Luck!!!!!
Posted by George on :
I am all in again...Now I sit and wait for the launch. It is a lot easier on me to hold a bunch of GTE and wait. I know it is going up. I did make some money though by getting out at 3.29. I went and made some $'s off Peasers picks, GIGM, CYOS, GTRD and some others.. Started to cover my loss on CNES. Now I am back in GTE at 3.30 ...01 cents more per share...come on 4.50
Posted by <jps> on :
quote:Originally posted by Peaser01: Just so you all know. I believe that a pattern has developed on the candle chart with GTE. Look at the three days prior to June, and compare it with where GTE is right now on the chart provided below.
Sorry Peaser, but looks like you are wrong... Posted by ehya the fisherman on :
Posted by d6veteran on :
Wow what a nice suprise today. I got 1000 shares last week at 2.75. Can't wait to see how this closes today.
Posted by Pagan on :
Upgraded to a Buy-If on American Bulls
Posted by Edster on :
"FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--June 13, 2005--GlobeTel Communications Corp. (AMEX:GTE) today announced that the company has signed a formal agreement with the National Aeronautics and Space Administration (NASA). The terms of the agreement with NASA's Dryden Flight Research Center at Edwards Air Force Base in California establish that NASA Dryden will provide assistance in GlobeTel's development and flight testing of the Stratellite, the company's high altitude Remotely Operated Airship (ROA).
Under the agreement, NASA Dryden will provide specialized technical support to GlobeTel's subsidiary, Sanswire Networks LLC, for the firm's development and flight testing of the Stratellite via a series of task agreements.
It is expected that the first task agreement will call for NASA Dryden to develop piloted and unpiloted simulations of the Stratellite airship. The simulations would incorporate the airship's aerodynamics, propulsion and control features based upon data provided to NASA Dryden by Sanswire.
GlobeTel plans to provide NASA and other agencies access to the Stratellite for the installation, integration, and deployment of NASA-sponsored sensors and other projects.
The agreement between NASA Dryden and GlobeTel is authorized under the Space Act of 1958 under which NASA was established.
"It is a great honor to be working with an organization such as NASA," said Timothy Huff, Chief Executive Officer of GlobeTel. "The NASA Space Act Agreement allows NASA's Dryden Flight Research Center to support GlobeTel Communications Corp. in the development and flight test of a High Altitude Remotely Operated Airship."
"The NASA agreement will give GlobeTel access to additional capable personnel and technology, accelerating the growth of both GlobeTel and our wholly-owned subsidiary, Sanswire Networks LLC, and take advantage of the opportunity that lies ahead of us," Huff stated. "The information gained from ROA development efforts will be of mutual benefit to both NASA and GlobeTel."
A Stratellite is similar to a satellite, but is stationed in the stratosphere rather than in orbit. At an altitude of 10 to 13 miles above the Earth, each Stratellite will have clear line-of-sight communications capability to an entire major metropolitan area as well as being able to provide coverage across major rural areas. Several Stratellites linked together could cover many hundreds of thousands of square miles. The Stratellite will allow subscribers to easily communicate in "both directions" using readily available wireless devices. In addition to voice and data, proposed telecommunications uses include cellular, 3G/4G mobile, MMDS, paging, fixed wireless telephony, HDTV, real-time surveillance and others."
Posted by BuyTex on :
most excellent; good job, Edster
Posted by BuyTex on :
found this in my overlooked inbox, pretty nice story from "TelecomAsia," nice looking site:
Technological innovations with the potential to turn industries on their heads often face huge challenges in gaining commercial acceptance. The latest example comes from Sanswire, a subsidiary of IP telephony provider GlobeTel Communications.
The company plans to turn telecom topsy-turvy by using “stratellites,” updated unmanned dirigibles, to relay cellular or other wireless transmissions among different points within a 200-mile-diameter footprint from 20 km up in the stratosphere.
The company unveiled a near-complete 188-foot-long prototype in mid-April. Launch of the first of the full-fledged commercial versions, which will range in length from 450 to 800 feet and carry payloads ranging from 500 to 2,000 lbs., is scheduled for early next year. stratellites will stay aloft 18 months at a time before returning to earth for retrofitting.
Low-cost alternative
According to GlobeTel president Leigh Coleman, the governments of Peru and Colombia have already placed orders, along with unnamed US companies. The US Army and Air Force are interested. The production goal is some 300 airships a year by 2007.
The main reason for the intense interest is economics, according to executives. “The cost will be a fraction the cost of a satellite,” says Robert Jones, the former NASA official who is now overseeing the airships’ construction as president of Sanswire’s government services group.
Sanswire says they’ll only cost between $25 million and $30 million each. Factor in the millions saved on launch services and the comparative ease of retrofitting and replacement, and stratellites begin looking very attractive as a low-cost alternative to satellite replacement. Stratellites will also compete favorably on cost with terrestrial wireless infrastructure, according to Coleman. They will be able to relay 3G and 4G cellular signals without handset modification, as well as fixed wireless broadband to and from ground locations through small antennas, he says.
Non-cellular-based mobile broadband will have to wait for the availability of WiMAX mobile technology. GlobeTel estimates that it is possible to build a nationwide wireless infrastructure using about 300 stratellites. With economies of scale and other savings, such a system could cost significantly less than a comparable terrestrial wireless network.
Replacement infrastructure
Coleman also notes that stratellites can replace three types of wireless infrastructure at once: cellular, fixed wireless broadband and satellite. All in all, he says, once stratellites start operating, “We believe there will be a paradigm shift in the way we communicate.” To do that, however, stratellites have several barriers to clear, from regulatory approval (which they don’t have yet in the US or anywhere else) to convincing potential customers that a stratellite is every bit as reliable as a satellite, and just as secure.
Christopher Baugh, president of satellite market research firm Northern Sky Research, notes that “satellite bandwidth is already in orbit. Putting something in the air is just one part of the equation.” Working out the business case for the use of the stratellites will be equally challenging, he claims. All in all, he says, “I think it’s pretty speculative and pretty far in the future.”
- Robert Poe
Posted by PENNY PIRATE on :
NASA onboard! GTE is looking like everything is coming together. The closer we get to launch, the better we look! GOOD LUCK!
Posted by George on :
I am I seeing things...1.6mil in pre market???
Posted by George on :
Looks like it is holding steady at 3.20
Posted by <jps> on :
That might be the longest time GTE has ever stayed still.
Posted by George on :
It was steady and that is okay. Still down 3% for the day but I think it has found a new bottom. News of testing now will take it to the next level.
Posted by Peaser01 on :
quote:Originally posted by George: It was steady and that is okay. Still down 3% for the day but I think it has found a new bottom. News of testing now will take it to the next level.
I think that you're right on the testing news taking it to the next level "in late summer," as mentioned in a PR. Be careful here folks. I still see a down trend as GTE is having a difficult time breaking a daily RSI of 50. When it breaks the 50 RSI, look out, it will move nicely for you I believe.
The MACD looks pretty good however.
For those holding for the long run, no worries.
Posted by George on :
I am long now. If I had just stayed long on gtel with my 97810 shares I would be up about 15k. I took the profits and played around and lost it. Now I am down 10k so that is a 25k swing. I am going to let it ride here a while and I left about 2k on others to play around with.
Posted by crusader30 on :
Ah....another a nickle. I'll take a slow and steady increase anyday. Posted by Peaser01 on :
Anyone see that buy for 100 shares at $4.84 today? Someone sure wanted this bad enough. Ouch.
Posted by ehya the fisherman on :
Airship plans take off
Firm ready to build communications satellite in valley
Just remember, GTE just spent a lot of cash. See what the happens to the share price next week.
Posted by BuyTex on :
good time for real news, ie, not fluff offa "bizwire," doncha think?
Posted by George on :
I do not expect any real news until they say the ship is built...Late August
They are paying about 400k to Nasa for the research and now they are saying they are building a bigger ship out of the proto type, sanswire 1. looking to start building around 1 july - "We're going to try to start construction around July 1 to August," Sanswire President Bob Jones said in an interview last week.
It may be a while.. I got out Friday and will wait now.
Posted by stockaholic on :
FORT LAUDERDALE, Fla., Jun 20, 2005 (BUSINESS WIRE) -- GlobeTel Communications Corp. (AMEX:GTE) is set to join the new Russell Microcap(TM) Index as well as the small-cap Russell 2000(R) Index when Russell Investment Group reconstitutes its family of U.S. indexes on June 24, 2005. Russell recently posted a preliminary membership list for the Russell Microcap and a preliminary list of additions for the Russell 2000 at http://www.russell.com/US/Indexes.
Timothy Huff, CEO of GlobeTel, stated: "This is a great accomplishment for GlobeTel. We have worked hard to grow our company and now being part of these indexes will bring additional institutional investment and research into our company. The Russell index is a key component of the equity markets and there are billions of dollars in investment that are directly tied to this index. Our shares will now be a part of each portfolio of mutual funds whose performance is tied to this index. This is a great day for our company and we look forward to welcoming the fund managers that will acquire our shares and to a long and mutually profitable relationship. We are building a great company with proven performance and we are pleased with the recognition we are gaining."
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. More than $2.5 trillion in assets currently are benchmarked to them. Investment managers who oversee these funds purchase shares of member stocks according to that company's weighting in the particular index.
About Russell Investment Group:
Russell, a global leader in multi-manager investment services, provides investment products and services in more than 39 countries. Russell manages more than $135 billion in assets and advises clients worldwide representing $2.3 trillion. Founded in 1936, Russell is a subsidiary of Northwestern Mutual and is headquartered in Tacoma, Wash., with additional offices in New York, Toronto, London, Paris, Singapore, Sydney, Auckland and Tokyo.
Posted by George on :
I forgot about the Russell listing coming but that was already announced. We will probally see an increase through the 24th then it should come back down after that until launch...Just my opinon
Posted by stockaholic on :
No, I agree. I got out at 3.74 but don't really want to stray from this for too long. I still really like this company. Was going to get back in today until it started shooting up again. Just missed it. It moves pretty well with news though. I can't wait for a finished, fully functional product.
Posted by Pagan on :
George... This is the first PR by GTE announcing the Russell Index additions. Before it could only be found on the Russell website, so many general investors were unaware of the listing. Would explain today's pop.
After the 24th, the fund managers have to start taking positions in GTE to match the indexes..."Our shares will now be a part of each portfolio of mutual funds whose performance is tied to this index."
This should provide some nice buying pressure. Throw a solid PR on top of the buying pressure and we could have a nice pop in PPS at any given time IMHO...
Posted by George on :
GTE will always be my favorite. I beleive in this one and yes I love it..not just as a stock but of the whole potental it brings. That is why I started a web site dedicated to only GTEL. I am out now but I also am never far away.
Posted by Peaser01 on :
The main thing that concerned me about the press article that came out on Saturday was the comment made about using the parts from S1 to build S2 beginning around July 1st I believe. I wonder if that is an error or what? That is the first that we've heard about that I think.
Posted by George on :
quote:Originally posted by Peaser01: The main thing that concerned me about the press article that came out on Saturday was the comment made about using the parts from S1 to build S2 beginning around July 1st I believe. I wonder if that is an error or what? That is the first that we've heard about that I think.
You are right, that is what it said. I believe they are upgrading Sans I to a larger Proto type, using the same parts. That is why they will not start until 1 July and finish late Aug. I think we will see some good entry prices in late July.
Posted by crusader30 on :
They may be talking about the engines and solar panels. Really no need for them anymore on the S1. Can't think of any other reason.
Posted by netinvestor on :
I thought it sounded like they were building a bigger "ship" it looks to me like the company is going in the right direction, I have been in this since Feb. I can wait a few more months for it to fly if thats what it takes.
Posted by jake_the_snake on :
I can't wait for the launch!!!
Posted by BchOus on :
Are you willing to share your GTEL website address with us, George? I'm back in with token amount, watching it this summer.....
Posted by stockvaper on :
Firm ready to build communications airship at Los Angeles-area plant 3:28 p.m. 06/20/2005 Provided By Knight-Ridder Open Jun 19, 2005 (Daily News - Knight Ridder/Tribune Business News via COMTEX) -- PALMDALE -- A Florida-based communication company plans to build an airship intended to be tested as a high-altitude antenna -- or low-altitude communications satellite -- for high-speed Internet connections, television signals and telephone calls. GlobeTel Communications Corp.'s Sanswire Networks is leasing part of a former bomber assembly plant in Palmdale, where the airship is to be assembled using components from an earlier, somewhat smaller prototype airship unveiled this spring in San Bernardino. "We're going to try to start construction around July 1 to August," Sanswire President Bob Jones said in an interview last week. The airship, which Sanswire calls a "Stratellite," would fly at an altitude of 10 miles to 13 miles. That is much higher than jetliners or other civilian airplanes fly, and is high enough that it could send and receive broadband Internet signals, high-definition TV signals and other transmissions over thousands of square miles, the company said. Sanswire says an airship-based network's advantage over a higher-flying satellite is that it will be low enough to allow two-way communication, without the time lag that characterizes satellite phones. In addition, airships could be put into service more quickly than satellites, and could be landed to modify their equipment as technology improves, said Jones, a former project manager for NASA's Dryden Flight Research Center at Edwards Air Force Base. Sanswire's airship will be built with a rigid frame -- like the famous pre-World War II German Zeppelins -- covered with a smooth outer skin and containing dozens of flexible interior compartments into which nonflammable helium would be pumped to alter its buoyancy. Blimps, such as those used to advertise Goodyear and Fuji products, are flexible bags, without a rigid frame. The Sanswire airship's rigid construction will allow it to go to higher altitudes than a blimp, Jones said. The airship is to be designed to be guided either by remote control by operators on the ground, or by onboard computers, Jones said. In the Antelope Valley, Sanswire will also be testing a Wi-Fi Internet transmitter that will eventually be put up on the airship. On the ground, the transmitter can reach 35 miles away. In the airship, it could cover 126,000 square miles, Jones said. The airship's components are now in Palmdale at an assembly building that was once used by Rockwell International workers to build B-1B bombers and later held Lockheed Martin's X-33 space plane. Sanswire engineers who are designing the new version are working out of an office at Mojave Airport. Eventually, 45 to 60 workers are expected to be employed on building the airship. Engineers are still working out the plans for how big the airship will be. The craft floated by tether in San Bernardino was 188 feet long, which Sanswire said made it the largest rigid airship in existence. GlobeTel last week announced it signed an agreement with NASA's Dryden Flight Research Center for help with the airship. Dryden engineers will develop a computer simulation capability for Sanswire for a price of about $360,000. "We have to develop a simulation that will encompass all parameters and every flight envelope the airship might encounter," Dryden spokesman Alan Brown said. "It's a straight business proposition. They pay us to do a task for them that other people can't do because of our expertise." NASA might also help in the future by providing weather forecasts before airship tests, he said.
Posted by <NoName> on :
I don't think this one have any momentum play here.
Posted by PENNY PIRATE on :
Not yet anyway! This is going to see huge momentum when there is a successful strat flight. We may see a PPS jump just before, but not like after the flight! This is a great hold here, the PPS has held up and the long term potential is outstanding. Good Luck!!!!!
Posted by Pagan on :
Lithium Technology Corporation Receives Purchase Order to Provide High Performance Battery for Communication 'Stratellite' Wednesday June 22, 8:00 am ET
PLYMOUTH MEETING, Pa., June 22 /PRNewswire-FirstCall/ -- Lithium Technology Corporation ("LTC", "The Company") (OTC Bulletin Board: LTHU - News), a leading participant in the rapidly emerging large format rechargeable lithium battery market, announced today that Sanswire Networks, LLC, a wholly-owned subsidiary of GlobeTel Communications Corporation, has placed an order for two 17.3 kWh batteries to be used for testing purposes in its prototype high altitude airship (HAA) which aims to replace communication satellites. Each of the batteries is comprised of 4 modules (capitalizing on the design flexibility) to distribute the weight throughout the framework. A Sanswire Stratellite(TM) is a HAA that when in place in the stratosphere (approximately 65,000 feet) will provide a stationary platform for transmitting various types of wireless communications services currently transmitted from cell towers and satellites. It is not a balloon or a blimp, but a high-altitude airship with a rigid structure.
The Stratellite is similar to a satellite in concept, but is stationed in the stratosphere rather than in orbit. Existing satellites provide easy "download" capabilities, but because of their high altitude are not practical for commercially viable "two-way" high-speed data communication. The Stratellite will allow subscribers to easily communicate in "both directions" using readily available wireless devices. One Sanswire Stratellite will provide line of sight to a 300,000 square mile area, approximately the size of Texas.
Each solar-powered "Stratellite" will require four battery modules to store energy during the day in order to provide uninterrupted transmission of communication signals at night. LTC is designing and building these modules using its large format cylindrical 60Ah cells. Sanswire has identified commercial cell phone service opportunities and has drawn the attention of the US military which has an independent HAA development program.
"We are very excited to be participating in this project with Sanswire," said Andrew J. Manning, LTC's Chief Technology Officer. "We believe that the power output, weight characteristics, and flexible form factor offered by our batteries make them particularly well-suited to meet Sanswire's needs," Manning added.
About Lithium Technology Corporation:
LTC produces unique large-format rechargeable batteries under the GAIA brand name and trademark. The Company supplies a variety of military, transportation and back-up power customers in the U.S. and Europe from its two operating locations in Plymouth Meeting, Pennsylvania and Nordhausen, Germany. For additional information on the Company's technology and products, please visit http://www.lithiumtech.com or http://www.gaia-akku.com.
About Sanswire Networks, LLC:
Sanswire Networks is a wholly owned subsidiary of GlobeTel Communications Corporation, a publicly traded company whose shares are listed on the American Stock Exchange.
For more information on Sanswire please visit http://www.sanswire.com. About GlobeTel Communications Corporation:
GlobeTel Communications Corporation is a diversified Telecommunications and Financial Services Company. GlobeTel Communications Corporation operates business units in Stored Value debit cards, as a certified MasterCard processor, the sale of Carrier grade VOIP of Long Distance to major Long Distance re-sellers, VOIP Technology and development, and high altitude airship research and development. These self-contained business units were developed to operate independently of each other. The symbiotic relationship however, provides value to each of the other business units. This strategy offers GlobeTel financial diversity and risk mitigation while striving toward its operating objectives.
Operating on a global basis, GlobeTel has, historically, focused its business development on markets outside of the United States. Current operations and business relationships exist in Asia, Europe, South America, Mexico and the Caribbean.
Additional information concerning other areas and topics of GlobeTel Communications Corporation can be found by visiting http://www.globetel.net.
The foregoing information contains forward-looking statements, which involve risks and uncertainties relating to such matters as financial performance, technology development, capital raising, business prospects, strategic partnering and similar matters. A variety of factors could cause LTC's actual results and experience to differ materially from anticipated results or other expectations expressed in these forward-looking statements. This notice does not constitute an offer of any securities for sale.
Source: Lithium Technology Corporation
Posted by crusader30 on :
Pagan, that is timely news thanks. Posted by Pagan on :
Over 2 million shares traded after hours. Most likely due to Russell Index reconstitutions....
Posted by crusader30 on :
Yes, the Russell will bring action. I wish I knew something of a tighter time table for the summer. Of all my stocks right now GTE has the absolute most potential, but the others are making money.
I may marry this one. Posted by Edster on :
Kinda quiet in here on this stock. Large drop in price today - down to .282. ANy thoughts as to why this drop?
Posted by BchOus on :
GTE is still a good stock for the future, I bought more yesterday at 2.96. Read on AOL Finance, Monday, that 6/30 is a very volatile day in the market, end of 2nd quarter, 1st half and from here market could swing up or down. I think big investors are selling off until Friday or Tuesday. Big holiday weekend too....We'll see what happens next Friday or Tuesday...IMHO
Posted by George on :
It is just too long until the Sans2 is completed and launch. They said they would not start construction until about 1 July. It will trend down until it is built and then launched.
Posted by windjunkee on :
there is a report today that GTE is among several stocks being put on the nasdaq/amex SHO list, with over 400,000 shares being naked shorted. That is probably why the drop in price.
GlobeTel Communications Corp. (GTE) provides telecommunication services. Its services involve Internet telephony using Voice over Internet Protocol (VoIP) equipment. The company's core products and services comprise telephony services that include international wholesale carrier traffic; networks; and prepaid calling services and IP Telephony. It offers prepaid calling services, which allow carrier customers and reseller customers to sell their own branded prepaid calling cards and allow their customers to make both domestic and international calls; and IP Telephony services, including conference calling, call forwarding, emergency services, voice mail, and multiple lines. GlobeTel provides nontelephony products and services, which include stored value card programs and outsourced stored value services for the international banking and telecommunications community. It also provides network management services to customers, which includes testing routes, troubleshooting, and service requests. In addition, the company develops a national wireless broadband network utilizing high-altitude airships called Stratellites, which are used to provide wireless voice, video, and data services. GlobeTel has virtual networks serving callers in Venezuela, the United Kingdom, Australia, China, Philippines, and Malaysia; and physical networks serving customers in Hong Kong, Brazil, and Mexico. The company is based in Pembroke Pines, Florida. With 63.78 million shares in its float and 481,934 shares declared short as of June, there is a failure to deliver in shares of GTE.
Posted by crusader30 on :
I leave you guys for a week. Naked shorting is a major problem for stocks and this is just one of them. Hope it can be cleared up. Posted by Dustoff101 on :
Question, what does 2.61 = in pre-reverse split price?
Is it .18 or .21
Just curious.
I remember buying at .16 before the split..
Those were good money making days Tons of fun too!
Posted by stockvaper on :
As I remember, it was a 1 for 15 R/S. So $2.61 is just over .17 pre-split.
Posted by Peaser01 on :
There were 2 mil+ restricted shares registered with the SEC for sale a couple days ago.
Posted by <jps> on :
Dropping like a tank today. I'm still holding.
Posted by Edster on :
Seems like things have calmed down a bit. Hope there is a little upside left for the rest of the afternoon.
Posted by <jps> on :
Things will get better, but we must be patient! The reward will come. It's a great company that is working hard on a great idea. I plan to be in for at least another year.
Posted by Pagan on :
GlobeTel Completes Expansion and Upgrade of the Los Angeles Telecommunications Facilities via COMTEX
July 8, 2005
FORT LAUDERDALE, Fla., Jul 08, 2005 (BUSINESS WIRE) --
GlobeTel Communications Corp. (AMEX:GTE) today announced that it has upgraded its telecommunications center in Los Angeles by acquiring additional state-of-the-art telecommunications equipment and that it has completed its move to a larger facility.
The new facility has over 6,000 square feet and has the capability of terminating over 500 million VoIP/TDM minutes per month. In addition to the ability to accommodate the company's current wholesale carrier traffic, the Los Angeles network will accommodate the expected volume from the pre-paid calling card function of its Stored-Value Card program and IP phone operations and still has expansion capabilities to enable the handling of the wireless traffic from the Company's Stratellite and HotZone Wireless operations.
Timothy M. Huff, CEO of GlobeTel, stated, "The expansion of our Los Angeles facilities is a planned growth move for us to meet our planned growth objectives. The expansion illustrates the way our independent business units interact and complement each other. I am exceptionally pleased with the progress of all of our business units and we are looking forward to continued business growth and increases in revenues. All four of our business units are operating as planned and I am pleased with their continued progress."
About GlobeTel Communications Corp.:
GlobeTel Communications Corp. is a diversified Telecommunications and Financial Services Company. GlobeTel operates business units in Stored Value debit cards, as a certified MasterCard processor, the sale of Carrier grade VOIP of Long Distance to major Long Distance re-sellers, VOIP Technology and development, and high altitude airship research and development. These self-contained business units were developed to operate independently of each other. The symbiotic relationship however, provides value to each of the other business units. This strategy offers GlobeTel financial diversity and risk mitigation while striving toward its operating objectives.
Operating on a global basis, GlobeTel has historically focused its business development on markets outside of the United States. Current operations and business relationships exist in Asia, Europe, South America, Mexico and the Caribbean.
Additional information concerning other areas and topics of GlobeTel can be found on our web site at http://www.globetel.net
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Placement Act of 1995. The words "forecast", "project", "intend", "expect", "should", "would", and similar expressions and all statements which are not historical facts are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements. The above are more fully discussed in the Company's SEC filings.
Posted by crusader30 on :
Well the price is certainly right. Posted by vwcruisn on :
ouch this stock has really been taking a hit! Im down almost 50% on this thing.
Posted by George on :
It should continue to drop until news of the test launch late Aug early Sep. I plan on getting back in in Aug some time.
Posted by vwcruisn on :
any advice on what i should do? (holding 2k shares at an average of 4 bucks)
Posted by BchOus on :
I believe this company is in the midst of positioning itself to become a major USA company. I keep buying as the price goes down....it will payoff in the future....
Posted by George on :
I think you have many options and only you can take one of them.
Hold Sell Sell and wait for price to drop Hold buy more on the lows
The bottom line is that this will come back. I still think it will be big in time. I mades lots of money on it and will again. However I got out and it is doingh what I thought it would. You just want to make sure you are in before the official launch. GLTA
Posted by pensandoenti67 on :
The current price equals to about a dime when it was a pink sheet. This company was at a penny before it major run.
I think we will see it drop to about a nickel or in today's price to ( 1.20 - 1.40 ) before a major run.
GTE already big deals in a Major city as L.A. so this will climb...
what everyone is saying to buy on the dips is truth, this will be a $10 stock by next year.
Most stocks drop in the summer so I expect this one to drop some more; a major run around September with a strong 2005 finish. Ending the year in the 8's.
Posted by mryj2000 on :
well oversold here.
Posted by <nannoooo> on :
Drop 8% already.
Posted by ththf on :
It is 6th day of going down. And is much below the bollinger band.
Keep watch.
Posted by <jps> on :
The drop isn't unexpected. I'm down around 50% too right now, but I'm holding for the long haul. I think those of us who wait this out will be rewarded. Not guaranteed, of course, but this is a solid company and have made alot of progress in a short amount of time. Once this prototype soars, thinks will, ahem, skyrocket. Posted by ththf on :
George, too early to add.
Posted by ththf on :
I expect the bottom at range 1.7-1.8 for this time at least.
Posted by pensandoenti67 on :
what about the 1.40 - 1.55 range for a bottom by the end of July ?
Posted by <jps> on :
Whew! Down 15%. It might hit that today! Posted by Pagan on :
GlobeTel Provides Second Quarter 2005 Revenues via COMTEX
July 12, 2005
FORT LAUDERDALE, Fla., Jul 12, 2005 (BUSINESS WIRE) --
GlobeTel Communications Corp. (AMEX:GTE) announced today its revenues for the second quarter 2005 will be in excess of $19 million with projected annual revenues in excess of $80 million. This represents an increase of approximately $1 million over the first quarter 2005 and four times the revenue of the second quarter 2004. GlobeTel is expecting to file its SEC Form 10Q early in August 2005.
Timothy Huff, CEO of GlobeTel, stated, "We are pleased with our overall performance. With the acquisition of the switch and expansion of our Los Angeles telecommunications facility, and the expected expansion of our Stored Value Card and VOIP Phone products in the third and fourth quarters, we are on track to be breakeven by the third quarter and profitable in the fourth quarter 2005."
Mr. Huff continued, "We have a strong cash position and balance sheet and all our projects, including the Stratellite, are expected to be fully funded. We look forward to moving to a revenue producing position with our stored value and VOIP products in coming months and are excited about our company and product offerings moving forward."
About GlobeTel Communications Corporation:
GlobeTel Communications Corporation is a diversified Telecommunications and Financial Services Company. GlobeTel Communications Corporation operates business units in Stored Value debit cards, as a certified MasterCard processor, the sale of Carrier grade VOIP of Long Distance to major Long Distance re-sellers, VOIP Technology and development, and high altitude airship research and development, through its Sanswire Networks LLC subsidiary. These self contained business units were developed to operate independently of each other. The symbiotic relationship, however, provides value to each of the other business units. This strategy offers GlobeTel financial diversity and risk mitigation while striving toward its operating objectives.
Operating on a global basis, GlobeTel has, historically, focused its business development on markets outside of the United States. Current operations and business relationships exist in Asia, Europe, South America, Mexico and the Caribbean. Additional information concerning other areas and topics of GTEL can be found on our web site at http://www.globetel.net.
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Placement Act of 1995. The words "forecast," "project," "intend," "expect," "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements. The above are more fully discussed in the Company's SEC filings
Posted by Pagan on :
More news...
GlobeTel Enters into Joint Venture to Deploy Stratellites in Europe, the Middle East and Africa via COMTEX
July 12, 2005
FORT LAUDERDALE, Fla., Jul 12, 2005 (BUSINESS WIRE) --
GlobeTel Communications Corp. (AMEX:GTE) today announced that it has entered into a joint venture that will lead to the deployment of the company's high altitude communications platforms known as Stratellites, throughout Europe, the Middle East, Africa, and the countries of the former Soviet Union.
The joint venture is between Sanswire Networks LLC, a wholly-owned subsidiary of GlobeTel, and a venture headed by Leo A. Daly III and J. Randolph Dumas, noted international businessmen and dealmakers. Sanswire will own 55% of the joint venture entity.
"We are excited to enter a joint venture with two people of such high caliber and who have tremendous enthusiasm for the Stratellite project. Working with Mr. Daly and Mr. Dumas, we will be able to open doors to governments and corporations across Europe and throughout the world," said Timothy Huff, GlobeTel's Chief Executive Officer.
"The Stratellite is a paradigm changing technology with which we are proud to be associated," stated Mr. Daly, who will be Chairman of the joint venture. "We have known Tim Huff for a number of years, and are excited about the Stratellite and glad to be working with him."
Messrs. Daly and Dumas will use their extensive world-wide business relationships to introduce the Stratellite program to officials at the highest levels of government and business on three continents.
Mr. Daly is the third generation Chairman and owner of Leo A. Daly, the world's largest privately-owned architectural, engineering and design firm, with approximately 1,400 professional employees and 16 strategically located offices in the United States, Europe, Asia and the Middle East. As a result of his exceptional business, political and social standing around the world, Mr. Daly has developed a cadre of close personal relationships with leading political figures, heads of state, influential business, cultural and social personalities and other world leaders.
Mr. Dumas is Managing Partner of Rubikon Partners, an international private equity fund that focuses on corporate leveraged buyouts in Europe. With more than 25 years of business experience in Europe, Mr. Dumas began his business career in London as a partner with Salomon Brothers, following a career as a Naval Aviation Officer and after receiving his MBA from The Wharton School at the University of Pennsylvania.
Posted by stockvaper on :
That's the push we've been waiting for. (I think).
Posted by Dustoff101 on :
Well, I'm back in.
Posted by ththf on :
News at the right time. Now come back to bollinger band. Let's see if it will give the first green candle tommorow. But for valuation, this stock can only play speculation.
[ July 12, 2005, 14:15: Message edited by: ththf ]
Posted by Dustoff101 on :
This is a no brainer.... Cost average, those who have been hurt, NOW!!!!!!
DO NOT forget to take some profits.
Posted by crusader30 on :
Good for you Dustoff. I like what I'm reading. Always like a diversified company. Posted by Dustoff101 on :
I figure I bought back in cheap!
You know what happened last time. hehe
Posted by George on :
My re-entry point was going to be 1.90... I went to lunch and made a delivery and came back to this. I missed it.... Nice for you guys that made it. Dust. I will wait for it to come back down.
Posted by glassman on :
what are we gonna do tonight Dusty?
the same t'ing we do every night glassy: try to take over the world Posted by Dustoff101 on :
Surfers, fisherman and traders will rule the world!
Whats happening glassman!
Could terrorizzzz Art, I guess.
Posted by Pagan on :
It's trying to break the HOD...may have a run to close
Posted by PENNY PIRATE on :
A buying frennzy has started with this latest news. This is going to be huge people, GET ONBOARD!
Posted by <jps> on :
It is pretty big news! They are working with "he world's largest privately-owned architectural, engineering and design firm"! Only good things to come of this.
Posted by crusader30 on :
Not a Bad Day! ! ! GTE was 7th in Vol and 8th in % increase today. Posted by pensandoenti67 on :
News, those were perfect timing news.
This should drive this one back to the 5 dollar mark.
Wow
Posted by Pagan on :
GlobeTel Announces Cooperative Research Effort on Fuel Cells with Proton Energy Systems via COMTEX
July 13, 2005
FORT LAUDERDALE, Fla., Jul 13, 2005 (BUSINESS WIRE) --
GlobeTel Communications Corp. (AMEX:GTE) today announced that its wholly-owned subsidiary Sanswire Networks, LLC has signed a Cooperative Research and Development Agreement (CRDA) with Proton Energy Systems, Inc., a subsidiary of Distributed Energy Systems Corp. (Nasdaq:DESC). Pursuant to the agreement, Proton will provide assistance in developing a regenerative fuel cell energy storage system for Sanswire's high altitude Remotely Operated Airship (ROA), or Stratellite.
Under the agreement, Proton will provide prototype regenerative fuel cell (RFC) equipment and specialized technical support to Sanswire for the company's development and flight-testing of the Stratellite via a series of task agreements. Sanswire will provide the airship platform for testing and engineering inputs to tailor the RFC solution.
"We are very excited to work together with Proton Energy Systems. The RFC provides a key capability to enable the Stratellite to stay on station for long periods of time," said Timothy Huff, Chief Executive Officer of GlobeTel. "To power the airship overnight in windy conditions requires an energy dense storage solution, and the RFC has the potential to fill that requirement." Mr. Huff further commented that: "Pioneering advanced fuel cell technology will put us in an advanced position among others, in fact, we will be the first to employ this technology to the rigid airship. We will continue to partner with technology leaders to provide a low cost communication platform to the world."
Robert Friedland, senior vice president of Proton's hydrogen technology group added, "By working with GlobeTel, we see opportunities to further advance the state of the art for proton exchange membrane regenerative fuel cells by applying it to these innovative applications. We see great promise for this technology in future systems for Stratellite which require our systems to make hydrogen during the day from electricity generated from the sun and then regenerate it into electricity at night."
A Stratellite is similar to a satellite, but is stationed in the stratosphere rather than in orbit. At an altitude of 10 to 13 miles above the Earth, each Stratellite will have clear line-of-sight communications capability to an entire major metropolitan area as well as being able to provide coverage across major rural areas. Several Stratellites linked together could cover many hundreds of thousands of square miles. The Stratellite will allow subscribers to easily communicate in "both directions" using readily available wireless devices. In addition to voice and data, proposed telecommunications uses include cellular, 3G/4G mobile, MMDS, paging, fixed wireless telephony, HDTV, real-time surveillance and others.
About GlobeTel Communications Corporation:
GlobeTel Communications Corporation is a diversified Telecommunications and Financial Services Company. GlobeTel Communications Corporation operates business units in Stored Value debit cards, as a certified MasterCard processor, the sale of Carrier grade VOIP of Long Distance to major Long Distance re-sellers, VOIP Technology and development, and high altitude airship research and development. These self-contained business units were developed to operate independently of each other. The symbiotic relationship, however, provides value to each of the other business units. This strategy offers GlobeTel financial diversity and risk mitigation while striving toward its operating objectives.
Operating on a global basis, GlobeTel has, historically, focused its business development on markets outside of the United States. Current operations and business relationships exist in Asia, Europe, South America, Mexico and the Caribbean.
Additional information concerning other areas and topics regarding GlobeTel can be found on our web site at http://www.globetel.net
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Litigation Reform Act of 1995. The words "forecast", "project", "intend", "expect", "should", "would", and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements. The above are more fully discussed in the Company's SEC filings. GlobeTel and its strategy for launching the Stratellite may vary as conditions and technology changes. There is the possibility that parts of the process may change or be delayed. While GlobeTel plans for the success of the Airship, there is no guarantee that it will achieve any or all of its objectives. Any reference within this release that refers, or implies a forward-looking statement, is herewith incorporated into this Safe Harbor language.
Posted by Peaser01 on :
That kinda scares me a little bit that we don't have a fuel cell all ready made. I'm wondering if Timothy Huff is trying to buy up a bunch a shares in the next month or two? They had an awesome PR yesterday followed by this one here today. I wonder how much they are paying DESC?
DESC is the one to buy today.
Posted by Pagan on :
Peaser... I think maybe you can't see the forest because of the trees. This PR has a lot more implications that are not apparent on the surface. Also I believe they have Fuel Cell technolgy in place, but are partnering with Proton Energy to, "By working with GlobeTel, we see opportunities to further advance the state of the art for proton exchange membrane regenerative fuel cells by applying it to these innovative applications. We see great promise for this technology in future systems for Stratellite which require our systems to make hydrogen during the day from electricity generated from the sun and then regenerate it into electricity at night."
Here is excerpt from an article about Proton Energy from about a year ago. Do you see any connections forming?
Proton Energy Systems, has entered into two contracts with NASA and the United States Missile Defence Agency (‘MDA’) for the development of lightweight unitised regenerative fuel cell technology for unmanned aerial vehicles and for the development of lightweight regenerative fuel cell technology for high altitude airships, respectively. NASA through this partnership hopes to demonstrate the feasibility of producing and operating lightweight unitised regenerative fuel cell hardware to meet the needs of aerospace applications. Part of the regenerative fuel cell design will incorporate Proton’s core commercial hydrogen generator technology, which is capable of generating its own hydrogen at pressure. MDA on the other hand, plans to develop and demonstrate a hydrogen/oxygen regenerative fuel cell with lightweight packaging capable of high-pressure hydrogen and oxygen generation and multi-kilowatt power output. MDA’s contract is part of a Department of Defense initiative to develop a lighter than air, high altitude airship.
Posted by Pagan on :
**********: Naked Short Web Site Announces DYS, GTE, ACGI, ENUI, SKPI, TTLA Have Also Been Removed From Threshold Lists Today via COMTEX
July 13, 2005
Jul 13, 2005 (M2 PRESSWIRE via COMTEX) --
www.**********, announced today that these select companies have been removed from the NASDAQ, AMEX and NYSE naked short threshold lists. Distribucion y Servicio D&S (NYSE: DYS), GlobeTel Communications Corp. (AMEX: GTE), Amacore Group (OTC: ACGI), eNucleus, Inc. (OTC: ENUI), Sky Petroleum, Inc. (OTC: SKPI) and Tarantella, Inc. (OTC: TTLA). For a complete list of companies on the naked short lists please visit our web site.
Posted by crusader30 on :
Pagan, I love your post from last year. Based on that post it would appear that NASA may have teamed the two up. Hell Yes my money is on the table. Posted by George on :
You guys need to remember that they already have batteries. Checkout gtel . org for all the news and timelines. They are just looking for improvements now. They have a partner in Germany that makes the battery. It is: Lithium Technology Corporation:
LTC produces unique large-format rechargeable batteries under the GAIA brand name and trademark. The Company supplies a variety of military, transportation and back-up power customers in the U.S. and Europe from its two operating locations in Plymouth Meeting, Pennsylvania and Nordhausen, Germany. For additional information on the Company's technology and products, please visit http://www.lithiumtech.com or http://www.gaia-akku.com.
Posted by gotti1721 on :
Sanswire Networks Signs Agreement to Deploy Stratellites in Colombia Thursday July 14, 12:33 pm ET
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--July 14, 2005--GlobeTel Communications Corp. (AMEX:GTE - News) announced today that its wholly-owned subsidiary, Sanswire Networks, LLC has entered into a Joint Venture Agreement to deploy Stratellites throughout the country of Colombia.
ADVERTISEMENT The agreement with Florida-based Apogeo Enterprises Corporation calls for a total of five Stratellites to be launched over the Latin American country to build a wireless broadband network that would be the first of its kind in the world. Apogeo plans to invest a total of fifty million dollars ($50,000,000 USD) into the project. Funding would be based on a construction schedule to be set by Sanswire and would be released to Sanswire pursuant to the terms of the Agreement.
Timothy Huff, CEO of Sanswire parent GlobeTel, stated: "This is a wonderful opportunity for Sanswire. It shows that other parties around the world are as excited about the Stratellites as we are and are willing to step up to the plate in order to bring this state-of-the-art technology to their country."
During a recent trip to Colombia, Michael K. Molen, President of Sanswire's Latin American operations, and Jairo Rivera, Vice President of Business Development for Latin America, received strong support for the project from several high ranking government officials including Colombian President, Alvaro Uribe. Molen stated: "We met with the President at the Palace in Bogota and he was very gracious and told us that he would help us in any way that he could to bring this technology to his country."
A Stratellite(TM) is a high-altitude airship that when in place in the stratosphere (approximately 65,000 feet) will provide a stationary platform for transmitting various types of wireless communications services currently transmitted from cell towers and satellites. It is not a balloon or a blimp, but a high-altitude airship with a rigid structure.
The Stratellite is similar to a satellite in concept, but is stationed in the stratosphere rather than in orbit. Existing satellites provide easy "download" capabilities, but because of their high altitude are not practical for commercially viable "two-way" high-speed data communication. The Stratellite will allow subscribers to easily communicate in "both directions" using readily available wireless devices.
About GlobeTel Communications Corp.:
GlobeTel Communications Corp. is a diversified Telecommunications and Financial Services Company. GlobeTel Communications Corp. operates business units in Stored Value debit cards, as a certified MasterCard processor, the sale of Carrier grade VOIP of Long Distance to major Long Distance re-sellers, VOIP Technology and development, and high altitude airship research and development. These self contained business units were developed to operate independently of each other. The symbiotic relationship, however, provides value to each of the other business units. This strategy offers GlobeTel financial diversity and risk mitigation while striving toward its operating objectives.
Operating on a global basis, GlobeTel has, historically, focused its business development on markets outside of the United States. Current operations and business relationships exist in Asia, Europe, South America, Mexico and the Caribbean.
Additional information concerning other areas and topics of GlobeTel Communications Corp. can be found on our web site at http://www.globetel.net.
Posted by glassman on :
i gotta say that i love this PR... the war on drugs stands to be much stronger from this....
Posted by gotti1721 on :
i think its going to run the rest of the day
Posted by PENNY PIRATE on :
We are close, very close! No way will I sell any of my shares. This is going to be HUGE! Read the news and think about the possible revenues. GLTYA, keep the faith!
Posted by gotti1721 on :
what is going on
Posted by Pagan on :
GlobeTel Executive Invests Additional $250,000 in Company via COMTEX
July 14, 2005
FORT LAUDERDALE, Fla., Jul 14, 2005 (BUSINESS WIRE) --
GlobeTel Communications Corp. (AMEX:GTE) today announced that Senior Vice President Mitch Siegel has made his second investment of $250,000 to purchase GlobeTel preferred shares.
In July 2004 Mr. Siegel committed to purchasing up to $1 million in GlobeTel preferred shares that are convertible to common shares after two years. With this latest investment of $250,000, Mr. Siegel has invested $500,000 so far in the preferred shares.
"We are pleased that Mr. Siegel has continued to invest in the company. The hard work of all our employees along with our senior management's belief in GlobeTel and its mission are something that we are very proud of," said GlobeTel CEO Timothy Huff.
Mr. Siegel added, "I am happy to have the opportunity to continue to make investments in GlobeTel and its future success. I believe strongly in the company and the future worth of my investments. I look forward to sharing the many great things that we are accomplishing with our shareholders at our upcoming annual meeting."
Mr. Siegel has been with GlobeTel since 1996 and is currently Senior Vice President in charge of the company's stored value programs. He also serves on the company's Board of Directors.
GlobeTel will be holding its annual meeting of shareholders on August 11, 2005 in Fort Lauderdale.
About GlobeTel Communications Corp.:
GlobeTel Communications Corp. is a diversified Telecommunications and Financial Services Company. GlobeTel operates business units in Stored Value debit cards, as a certified MasterCard processor, the sale of Carrier grade VOIP of Long Distance to major Long Distance re-sellers, VOIP Technology and development, and high altitude airship research and development. These self-contained business units were developed to operate independently of each other. The symbiotic relationship however, provides value to each of the other business units. This strategy offers GlobeTel financial diversity and risk mitigation while striving toward its operating objectives.
Operating on a global basis, GlobeTel has historically focused its business development on markets outside of the United States. Current operations and business relationships exist in Asia, Europe, South America, Mexico and the Caribbean.
Additional information concerning other areas and topics of GlobeTel can be found on our web site at http://www.globetel.net.
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Placement Act of 1995. The words "forecast," "project," "intend," "expect," "should," "would," and similar expressions and all statements which are not historical facts are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements. The above are more fully discussed in the Company's SEC filings
Posted by <jps> on :
I guess they wanted him to get a good price... Posted by ehya the fisherman on :
How much more good news is needed before we see some rise.
Posted by BuyTex on :
as flies the strat, so flies the pps, imho...
Posted by Pagan on :
GTE Signs Licensing Agreement With RapidMoney Corporation via COMTEX
July 18, 2005
FORT LAUDERDALE, Fla., Jul 18, 2005 (BUSINESS WIRE) --
GlobeTel Communications Corp. (AMEX:GTE) today announced that it has entered into a licensing agreement with RapidMoney Corporation, that allows GlobeTel to use and modify the RapidMoney system.
GlobeTel, along with its venture partner, Grupo Ingedigit of Caracas, Venezuela (GI), will incorporate the current RapidMoney(R) funds transfer software applications for merchant Point of Sale (POS) terminals into the GlobeTel Stored Value International Remittance Services. Furthermore, this license allows GlobeTel and GI to develop additional applications based on the RapidMoney(R) system that will be deployed in the retail locations which are offering GlobeTel's Stored Value Card Program services. GlobeTel expects to test the new funds transfer services in August at over 2,500 merchant POS locations.
Timothy M. Huff, CEO of GlobeTel, stated, "We are extremely pleased to be working with RapidMoney Corporation. Expanding the number of Stored Value Services that we offer at increasing numbers of merchant POS locations continues to fulfill our business plan to be a highly recognizable source for domestic and international funds transfer services, private account prepaid calling services and other prepaid services. We continue to concentrate increasing our market penetration in specific ethnic communities where the demand for these services is greatest."
About RapidMoney Corporation:
Located in San Antonio, Texas, RapidMoney Corporation developed a system for personal money transfers on easy-to-use POS terminals.
About GlobeTel Communications Corp.:
GlobeTel Communications Corp. is a diversified Telecommunications and Financial Services Company. GlobeTel operates business units in Stored Value debit cards, as a certified financial processor, the sale of Carrier grade VOIP of Long Distance to major Long Distance re-sellers, VOIP Technology and development, and high altitude airship research and development. These self-contained business units were developed to operate independently of each other. The symbiotic relationship however, provides value to each of the other business units. This strategy offers GlobeTel financial diversity and risk mitigation while striving toward its operating objectives.
Operating on a global basis, GlobeTel has historically focused its business development on markets outside of the United States. Current operations and business relationships exist in Asia, Europe, South America, Mexico and the Caribbean.
Additional information concerning other areas and topics of GlobeTel can be found on our web site at http://www.globetel.net
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Litigation Reform Act of 1995. The words "forecast", "project", "intend", "expect", "should", "would", and similar expressions and all statements which are not historical facts are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements. The above are more fully discussed in the Company's SEC filings.
Posted by *Magnetic*Microspheres* on :
I don't own any shares but it looks like another form 4 was filed today....
http://tinyurl.com/7kdb9
[ July 19, 2005, 00:34: Message edited by: *Magnetic*Microspheres* ]
Posted by George on :
Huff knows it is at a great price right now. He bought 4000 shares.
Posted by Pagan on :
He's been buying 4000 share lots for the last 2 weeks.
Posted by ehya the fisherman on :
Pagan, how do you know that?
Posted by stockvaper on :
ehya, Form 4's filed (SEC Reports) shows Timothy Huff aquired 4000 shares on 7/11 and 4000 again on 7/18.
Posted by ehya the fisherman on :
Thanks stockvaper, do you know where I can find those Form 4's, I dont see them on yahoo-finance.
Posted by Pagan on :
And 4000 shares on 7/8/05 as well. Three seperate buys in last 2 weeks.
ehya... Here's a convenient link...
http://www.pinksheets.com/quote/filings.jsp?symbol=GTE
Posted by ehya the fisherman on :
Thank you, I appreciate it, I really enjoy reading this. I just found insidercow 'dot' com seems to be easy to read also, just not sure how soon it is updated.
Posted by ehya the fisherman on :
Buy(P) / Sell(S) P/S date Filed Date Company Symbol Insider Relationship Share Amt. Unit Price Total Proceeds Shares Owned Return(1m) Details P 2005-07-18 2005-07-18 20:12:52 GLOBETEL COMMUNICATIONS CORP GTE HUFF TIMOTHY CEO 4,000 $2.34 $9,360.00 4,024,390 N/A view P 2005-07-12 2005-07-14 15:20:55 GLOBETEL COMMUNICATIONS CORP GTE SIEGEL MITCHELL director officer (Senior Vice President) 2,000 $2.04 $4,080.00 2,319,130 N/A view P 2005-07-12 2005-07-14 15:20:55 GLOBETEL COMMUNICATIONS CORP GTE SIEGEL MITCHELL director officer (Senior Vice President) 1,500 $2.05 $3,075.00 2,317,130 N/A view P 2005-07-12 2005-07-14 15:20:53 GLOBETEL COMMUNICATIONS CORP GTE SIEGEL MITCHELL director officer (Senior Vice President) 5,200 $1.90 $9,880.00 2,316,630 N/A view P 2005-07-11 2005-07-11 14:07:17 GLOBETEL COMMUNICATIONS CORP GTE HUFF TIMOTHY CEO 4,000 $2.30 $9,200.00 4,020,390 N/A view P 2005-07-08 2005-07-08 13:48:33 GLOBETEL COMMUNICATIONS CORP GTE HUFF TIMOTHY CEO 4,000 $2.37 $9,480.00 4,016,390 N/A
Posted by Pagan on :
GlobeTel Enters Into Letter of Intent to Acquire Altvater GmbH, a Leader in Wireless Solutions in Europe
FORT LAUDERDALE, Fla., Jul 25, 2005 (BUSINESS WIRE) -- GlobeTel Communications Corp. (AMEX:GTE), today announced that it has entered into a Letter Of Intent (LOI) to acquire the assets and operations of Altvater GmbH of Germany (Altvater). Altvater is a wireless communications systems integrator for HotZone systems in Europe, with core operations in Germany. Altvater GmbH has existing sales partner relationships in Europe and North Africa. GlobeTel, through the acquisition of Altvater will form a new division which will be called GlobeTel Wireless. Mr. Ulrich Altvater, CEO of Altvater GmbH stated: "I am very pleased to expand our association with GlobeTel. This proposed acquisition will certainly enable a much faster deployment of our networks and activities across Europe and elsewhere, globally. We have experienced significant growth over the past few years and being part of the GlobeTel family of companies will propel our growth faster and more efficiently. The wireless broadband industry is at an exciting stage with interest in advanced wireless communication products and services reaching a high point this year. We are clearly at the forefront of this technology."
Leigh Coleman of GlobeTel, added: "This is a transaction that is a valuable key to the further development and growth of our already announced transaction of HotZone Wireless. GlobeTel is planning an aggressive development of our radio technology that we use in our Sanswire Networks, LLC Stratellite(TM) technology. We have found an ideal and qualified partner in Altvater and we look forward to the continued development of business, and the fulfillment of the contracts and services that are provided by Altvater in the marketplace."
Altvater currently supplies wireless hotspots in various areas of Europe with key cities of Kaiserslautern, Erfurt and Ruesselsheim Germany. These cities are the first major locations that are part of a longer-term plan to deploy HZ 4000 series Networks to 140 cities and towns in Germany, where DSL or cable is unavailable.
The proposed acquisition by GlobeTel will accelerate its roll out of its advanced WIMAX and WIFI systems through Europe. Technical and sales support staff is located in Bad Rappenau, Germany
Through GlobeTel's previous acquisition of HotZone Wireless, LLC. HotZone is currently developing WIMAX wireless systems for Sanswire's High Altitude Airship called a Stratellite(TM). This WIMAX system will provide radio technology for the wireless communications that will cover significant geographic areas up to 120,000 square miles. For more information on the Stratellite(TM), go to: http://www.sanswire.com .
The previously announced acquisition of HotZone Wireless, LLC. provides advanced wireless products and services for terrestrial wide area networks covering rural and city areas. Upon deployment of the Stratellite(TM), on a region-by-region and country-by-country basis, the communications technology will deliver high speed voice, data and rich streaming content, as well as other communications possibilities. For more information on HotZone, go to: http://www.hotzonewireless.net .
Timothy M. Huff, CEO of GlobeTel stated: "This acquisition of Altvater is part of our overall growth strategy. We are exceptionally pleased with our growth and synergy of business units and are confident in our continued development. We look forward to the completion of the transaction and to an enhanced relationship with the quality people that make up Altvater and HotZone in Europe."
About Altvater GmbH:
Altvater GmbH is the original creator of HotZone Wireless systems. Altvater is the corporate parent of the previously acquired company called HotZone Wireless LLC. HotZone develops, manufactures, and installs wireless metropolitan systems. The main products are wireless routers and customer premises devices. HotZone networks are operational in several cities in Europe and in the United States.
About Sanswire Networks, LLC:
Sanswire Networks is a wholly owned subsidiary of GlobeTel Communications Corp. whose shares are publicly traded on the American Stock Exchange under the symbol GTE.
A Stratellite (TM) is a high-altitude airship that when in place in the stratosphere (approximately 65,000 feet) will provide a stationary platform for transmitting various types of wireless communications services currently transmitted from cell towers and satellites. It is not a balloon or a blimp, but a high-altitude airship with a rigid structure.
The Stratellite (TM) is similar to a satellite in concept, but is stationed in the stratosphere rather than in orbit. Existing satellites provide easy "download" capabilities, but because of their high altitude are not practical for commercially viable "two-way" high-speed data communication. The Stratellite (TM) will allow subscribers to easily communicate in "both directions" using readily available wireless devices. http://www.sanswire.com
About GlobeTel Communications Corp.:
GlobeTel Communications Corp. is a diversified Telecommunications and Financial Services Company. GlobeTel operates business units in Stored Value debit cards, as a certified MasterCard processor, the sale of Carrier grade VOIP of Long Distance to major Long Distance re-sellers, VOIP Technology and development, and high altitude airship research and development. These self-contained business units were developed to operate independently of each other. The symbiotic relationship however, provides value to each of the other business units. This strategy offers GlobeTel financial diversity and risk mitigation while striving toward its operating objectives.
Operating on a global basis, GlobeTel has, historically focused its business development on markets outside of the United States. Current operations and business relationships exist in Asia, Europe, South America, Mexico and the Caribbean.
Additional information concerning other areas and topics of GlobeTel can be found on our web site at http://www.globetel.net
Certain statements in this release constitute forward-looking statements or statements that may be deemed or construed to be forward-looking statements within the meaning of the Private Placement Act of 1995. The words "forecast", "project", "intend", "expect", "should", "would", and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements. The above are more fully discussed in the Company's SEC filings. GlobeTel and its strategy for launching the Stratellite(TM) may vary as conditions and technology changes. There is the possibility that parts of the process may change or be delayed. While GlobeTel plans for the success of the Airship, there is no guarantee that it will achieve any or all of its objectives. The Letter of Intent with the named parties is subject to a complete due diligence and the agreement of certain contractual documents which are necessary to effect in a transaction like this. There is the distinct possibility that the proposed transaction may not be consummated in the event of misrepresentations by the Sellers, or the Seller's inability to deliver on certain representations and warranties. The transaction has other risks which may affect the outcome of the transaction. Any reference within this release that refers, or implies a forward-looking statement, is herewith incorporated into this Safe Harbor language. The full terms of the asset acquisition will be included in the Company's required filing, at the time when the transaction is complete and the filing is prepared and filed.
Posted by <jps> on :
Wow, that is really great news!
Posted by Edster on :
This may be good news in the lomg run but short term it drives the price down. Probably end up loosing about .10 today after the good news.
Posted by vwcruisn on :
why is it that good news drives the price down??
Posted by Edster on :
For this stock it has been the hostory. Good news ----> down price. At some point this cycle should (we hope)turn around - specially when news of the first flight planning starts hitting the wire.
Posted by vwcruisn on :
come on gte youre killing me
Posted by George on :
You have to understand that good news is not always good news on the finance side. This is good long term news but it also shows that they are spending money. It has the opposite effect than posting news about revenue increase, a large sale is closed or something like that. Once the deal is done if it will be a positive cash input then that PR will be really good. If they buy them and it cost more money upfront it can be bad. Of course like everything these rules are not written in stone. I am planning to get back in to GTE around 1.70 -1.80 or 2nd week of Aug. Then great news of a completed test flight at 60,000 feet will blow this thing out of the water. stay tuned to gtel . org for the latest news.
Posted by jordanreed on :
atta boy George---agreed
Posted by <Sharkone> on :
Is there any news of the launch? Or of final preparations before the launch? Any news? I'm down almost 50% since the R/S!! C'mon gte...you're killing me too...
Shark
Posted by jake_the_snake on :
GTE, I am starting to lose faith, your killing loyal shareholders who are supporting you and all you do is s h i t on us!!!!
Posted by Edster on :
No news that I am aware of. We could end up testing the post R/S low of 1.85 before the bleeding stops. If it breaks thru that price level - not sure where it'll stop. Hope some news on the launch comes out soon.
Posted by vwcruisn on :
sharkone... im down 50% too. Cant really sell at this point. But look at the bright side, when news of a sucessful test flight hits, we'll be in the green for sure.
Posted by Pagan on :
Why the sudden spike in PPS?
Posted by viking on :
I saw the same been searching cant find anything somethings up?
Posted by Pagan on :
Maybe a leak of a PR for after hours or tomorrow maybe? I can't find anything on the wires currently....
Posted by viking on :
If it goes over 2.20 I will jump in
Posted by BchOus on :
I bought at 3.34, 2.89, and 2.34...believe that Tim Huff bought at 2.34 also. I thought that was the low, but stockcharts, point and figure chart, shows a bearish price of 1.00. If it goes to 1.00 I will hopefully have funds to buy. I haven't checked institutions buying, but that was their main objective on AMEX. Could be low prices to attract big funds.
Posted by viking on :
People are just guessing for now but this is still a good price was waiting for 1.80 entry but dont want to miss the train. may be news tomorow. still holding on the buy
Posted by BuyTex on :
ahhh, a little rally for eod...
Posted by viking on :
I guess I am a little tight, up 10cents and I almost got a stratelite(not a plastie)
Posted by Pagan on :
GlobeTel Communications Corp. Today Announced Development Plans for its New GlobeTel Wireless Division via COMTEX
July 29, 2005
FORT LAUDERDALE, Fla., Jul 29, 2005 (BUSINESS WIRE) --
GlobeTel Communications Corp. (AMEX:GTE), today announced that it has named Leigh Coleman as President of Sanswire Commercial and Uli Altvater and Leigh Coleman, as Co-Presidents of its new subsidiary GlobeTel Wireless. Mr. Coleman will focus on business development, sales and marketing while Mr. Altvater will focus on the technical development and the deployment of GlobeTel Wireless Networks.
This strategic initiative will provide for an accelerated program to launch GlobeTel Wireless products and services worldwide utilizing its line of HotZone Wireless products and services.
This new business unit is due to worldwide and unexpected increase in demand for advanced wireless communications technology. With recently announced acquisitions, GlobeTel Wireless has enhanced its delivery channels and expects to add to its already existing networks on several continents.
Mr. Coleman and Mr. Altvater are responsible for the marketing and deployment of wireless networks globally using the proprietary radio technology which was developed for GlobeTel's High Altitude Airship called a Stratellite. These terrestrial networks are designed and engineered to be linked to the Stratellite high altitude wireless network. Once a Stratellite is operational over a territory that has deployed the HotZone wireless technology, the Stratellite will enhance and enlarge the capabilities of the terrestrial wireless network.
Timothy Huff, CEO of GlobeTel, stated: "This is a great strategic move for GlobeTel. We have experienced significant leaps forward in the technology and design and build of our High Altitude Airship (Stratellite). We have always known that the technology that we would develop would have other commercial applications and this is proof of that concept. This is a great example where we continue the rapid development and building of our Stratellite, while using other corporate resources to expand our revenue and bottom line earnings potential through these enhanced business units. I have tremendous confidence in the hard work that Mr. Coleman and Mr. Altvater have done and am pleased with the immediate results and more excited with the longer term business prospects."
The newly developed HotZone 4010 Wimax/Wifi wireless base station is able to provide more bandwidth for less money than other wireless devices. This solution gives mobile and wireless internet access, is capable of providing voice, high-speed internet and video applications, commonly known in the Industry as the "triple play".
Mr. Altvater, Co-President of GlobeTel Wireless, said, "Our wireless access points differ tremendously from other available Hot Spot installations, as one might find at retail establishments and other similar venues, as these are limited to indoor use and have limited range outdoors."
GlobeTel Wireless, through its partners, has identified 140 cities throughout Germany for deployment of GlobeTel Wireless Networks and over 10,000 subscribers have pre-registered for the GlobeTel wireless service.
About GlobeTel Wireless:
GlobeTel Wireless develops, manufactures, and deploys wireless metropolitan systems. The main products are wireless routers, radios and customer premises equipment. HotZone networks are operational in several cities in Europe and in the United States.
About Sanswire Networks, LLC:
Sanswire Networks is a wholly owned subsidiary of GlobeTel Communications Corp., whose shares are publicly traded on the American Stock Exchange under the symbol GTE.
A Stratellite(TM) is a high-altitude airship that, when in place in the stratosphere (approximately 65,000 feet), will provide a stationary platform for transmitting various types of wireless communications services currently transmitted from cell towers and satellites. It is not a balloon or a blimp, but a high-altitude airship with a rigid structure.
The Stratellite(TM) is similar to a satellite in concept, but is stationed in the stratosphere rather than in orbit. Existing satellites provide easy "download" capabilities, but because of their high altitude are not practical for commercially viable "two-way" high-speed data communication. The Stratellite(TM) will allow subscribers to easily communicate in "both directions" using readily available wireless devices. http://www.sanswire.com
About GlobeTel Communications Corp.:
GlobeTel Communications Corp. is a diversified Telecommunications and Financial Services Company. GlobeTel operates business units in Stored Value debit cards, as a certified MasterCard processor, the sale of Carrier grade VOIP of Long Distance to major Long Distance re-sellers, VOIP Technology, Wireless radio technology and development, and high altitude airship research and development. These self-contained business units were developed to operate independently of each other. The symbiotic relationship however, provides value to each of the other business units. This strategy offers GlobeTel financial diversity and risk mitigation while striving toward its operating objectives.
Operating on a global basis, GlobeTel has historically focused its business development on markets outside of the United States. Current operations and business relationships exist in Asia, Europe, South America, Mexico and the Caribbean.
Additional information concerning other areas and topics of GlobeTel can be found on our web site at http://www.globetel.net
Certain statements in this release constitute forward-looking statements or statements that may be deemed or construed to be forward-looking statements within the meaning of the Private Litigation Reform Act of 1995. The words "forecast", "project", "intend", "expect", "should", "would", and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements. The above are more fully discussed in the Company's SEC filings. GlobeTel and its strategy for launching the Stratellite(TM) may vary as conditions and technology changes. There is the possibility that parts of the process may change or be delayed. While GlobeTel plans for the success of the Airship, there is no guarantee that it will achieve any or all of its objectives. The performance of the new wireless division cannot be guaranteed, there are references that while management believes are probable, there are no guarantees as to its success. Any reference within this release that refers, or implies a forward-looking statement, is herewith incorporated into this Safe Harbor language. The full terms of the asset acquisition will be included in the Company's required filing
Posted by BABBLEDGAB on :
Anyone see that order for 2.80 @ 2:57? Ouch!!
Posted by <jps> on :
I am down almost 50% as well, but I still have faith in this company. I am holding for a while... this thing will fly.
Posted by elitedb on :
Anyone know why GTE trading has been halted?
Posted by crusader30 on :
I just called GTE for an update on the situation. "The stock should be trading within the next 20 minutes. They were waiting to issue a PR and that has been accomplished."
Folks I have no idea what the PR says but it will be out soon. Posted by stockvaper on :
GlobeTel Responds to Article in New York Post Dated August 1, 2005 10:49 a.m. 08/01/2005 Provided by FORT LAUDERDALE, Fla., Aug 01, 2005 (BUSINESS WIRE) -- GlobeTel Communications Corp. (GTE), today responded to a "slanderous and defamatory" opinion piece by Mr. Christopher Bryon, a columnist from the New York Post. Mr. Timothy Huff CEO stated: "It appears the NY Post is at it again. The New York tabloid is now trying to create controversy where there is none. "In typical fashion, Mr. Bryon created a story without the verification of facts or even simple communication with management at the Company. Had Mr. Bryon actually performed the expected due diligence to prepare an article, he would have not made the preposterous statements that were made. However, this reporter was more concerned about fabrication to sell a story versus solid business reporting. GlobeTel management would like to publicly respond to various business issues that have been onerously reported in this article." Business issues: GlobeTel is a company that has generated over $37 million in revenues in the first half of 2005. GlobeTel has a strong cash position with cash on hand of approximately $3 million. GlobeTel has 59 full time employees based primarily in two facilities in Florida and California. The Florida office has 32 employees in 10,000 square feet of space and the company recently opened a facility in Palmdale, California that spans 66,000 square feet and has 27 employees. GlobeTel has executed contracts with NASA (National Aeronautical Space Administration) to assist in the development of its Stratellite technology, and has already built the first airship and publicly displayed the technology. This technology is being built and tested at Edwards Air Force Base in California, under the watch of NASA, the Air Force, and other governmental agencies. The Stratellite: GlobeTel has assembled one of the leading technology teams with experience in: Design, Aerodynamics, systems, propulsion, battery technology, and other areas. Much of this team has come from NASA and other government contractors, some leaving careers of upwards of 30 years to lead this project. The team includes key leaders:
-- Mr. Robert A. Jones is the President of Sanswire Governmental Services. As President, Mr. Jones is responsible for all aspects of government businesses and relationships for Sanswire.
Mr. Jones has over twenty-five years experience with NASA and the Air Force in aerospace as an executive, director, program manager, mission director, mission manager, flight test engineer, and pilot. Bob has an extensive test background as well as operational air, space and ballistic launch, and space vehicle research, test and development. He was instrumental and responsible for breaking 10 world records for the space launch systems which resulted in three National Space and Science awards.
-- Dr. Michael Matarrese serves as the Senior Aerodynamics Engineer of Sanswire. Michael has over 17 years experience as an aerospace engineer, including several years of close work with famous airplane designer Burt Rutan as an aerodynamicist and configuration designer. He has been involved with the design, development, and flight test of six aircraft, and has provided consulting services to the aerospace community in aerodynamics, computational fluid dynamics, performance analysis, vehicle preliminary design and optimization, and software development. His formal education includes a Ph.D. and B.S. (Summa cum Laude) in aerospace engineering from the highly regarded programs at the University of Michigan and Ohio State University, respectively. He brings to the Sanswire team extensive knowledge of aerodynamics and conceptual design, significant practical experience in flight vehicle development, and exceptional analytical capabilities.
As mentioned above, the Stratellite facility is located in Palmdale, California and is comprised of over 66,000 square feet. There are 27 full time employees. GlobeTel Stratellite customers: Had Mr. Bryon done the simplest of searches he would have found information on the customer that he questions. The State of Florida official website, http://www.sunbiz.org provides a listing of names of Officers and Directors as well as addresses for each person. Location of Stratellites: Contrary to Mr. Bryon's assertion, the first Stratellites are slated to be delivered to military and capital partners interests. Mr. Timothy Huff stated: "The importance of placing these Stratellites in the best location to maximize security for our armed forces is of paramount importance. The technology that we have developed with NASA, the Air Force and other agencies will help save lives and provide quality of life for those that will be the first users of the technology." Mr. Huff continued, "Our capital partners will be afforded initial units and follow on customers will be in line for available capacity." Moreover, the Stratellite represents a last-mile solution to provide internet and telephone to those areas where conventional infrastructure is not in place. Summary: GlobeTel is a rapidly growing business. Evidenced by over 38,000 shareholders, a rapidly growing revenue base, adequate capital on hand, and a seasoned and talented management team. GlobeTel is a business that is far from the illustration that Mr. Bryon described. "This is an unfortunate situation wherein a careless and reckless reporter tried to sell newspapers at the expense of a well run company with a bright future. GlobeTel intends to deal with Mr. Bryon and the New York Post in an appropriate manner and GlobeTel regrets having to respond to this, however, GlobeTel intends on keeping the record straight for its shareholders and not allowing the rogue efforts of this person to hinder the Company or its prospects. GlobeTel can only wonder the true motive behind Mr. Bryon's distortions," according to Mr. Huff. Certain statements in this release constitute forward-looking statements or statements that may be deemed or construed to be forward-looking statements within the meaning of the Private Litigation Reform Act of 1995. The words "forecast", "project", "intend", "expect", "should", "would", and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements. The above are more fully discussed in the Company's SEC filings. GlobeTel and its strategy for launching the Stratellite(TM) may vary as conditions and technology changes. There is the possibility that parts of the process may change or be delayed. While GlobeTel plans for the success of the Airship, there is no guarantee that it will achieve any or all of its objectives. The performance of the new wireless division cannot be guaranteed, there are references that while management believes are probable, and there are no guarantees as to its success. Any reference within this release that refers, or implies a forward-looking statement, is herewith incorporated into this Safe Harbor language. The full terms of the asset acquisition will be included in the Company's required filing.
GlobeTel Communications Corp., Fort Lauderdale Maria Vasquez, 954-241-0590 investors@globetel.net
Copyright Business Wire 2005
Posted by George on :
PUMPING GLOBETEL By CHRISTOPHER BYRON
WE just knew it was out there some where, like the Yeti, and after all these years and decades of searching, we have found it at last: the ultimate, all-in-one Penny Stock With Everything.
We're talking more than just phone numbers that never answer, or the $50 million joint venture partner that may not exist, or even the crooked promoter and the listing on the American Stock Exchange.
Beyond all that we're talking about a company that increased its stock price by nearly 500 percent earlier this year by launching itself into a business, 65,000 feet over the snake-infested jungles of Colombia, that looks to be based, both literally and figuratively, on the ultimate marketing tool of Wall Street itself: actual hot air.
The company in question, which goes by the name of Globetel Communications Inc., is only one of many such in-your-face promotions that have lately sprung to life before the glassy-eyed stares of the regulators.
Who among us still remembers a stock from last winter called Stinger Systems, Inc., which took a bow in this space back in January as one of several over-hyped "stun gun" stocks in the so-called Homeland Defense sector?
Two weeks ago the company notified shareholders that the Securities and Exchange Commission had been investigating Stinger Systems since last December and had now decided to ratchet the case up a notch and maybe even file a lawsuit against the company and its top management.
During those eight months, Wall Street pump-and-dumpers put Stinger's stock through the complete heavy wash cycle, sending it soaring from pennies to nearly $50 between Thanksgiving and Christmas, followed by the inevitable bailout that has sent it crashing back to its current — and still-inflated — price of less than $5.
Meanwhile, the company's two top officials have quit, and with the place in a shambles the bumbling gendarmes of the SEC have arrived, late as usual, to harrumph about maybe possibly sending somebody a really nasty e-mail.
IT'S pretty much the same story with Globe tel Communications, Inc., which has been kicking around Wall Street under one name or another for nearly the whole of the last quarter-century.
Beginning as a Nevada homebuilder, the company switched thereafter to the beckoning opportunities of the shock absorber business, followed by a foray into syphilis detection test kits. After that came the computer business, and finally, the "voice over the Internet" telecommunications business, which the company operated out of a 600-square-foot office in Hickory Hill, N.C., under the name of American Diversified Group Inc.
At the start of 2000, the company merged with a Miami-based outfit called Global Transmedia Communications Corp. and changed its name to Globetel Communications.
Yet it wasn't until the combined companies hooked up with another telecom outfit, called Sanswire Technologies Inc., in early 2004 that Globetel's stock price at last began to gain some lift.
That's because Sanswire had a hot story and was already shopping it around using the services of a South Florida firm of stock promoters known as Wall Street Capital Funding.
By acquiring it in April of last year for what looks to have been no more than $3 million worth of stock, Globetel turned Sanswire's Big New Opportunity into its own — namely, a plan for bouncing telephone calls off a specially created network of geosynchronous relay stations 12 miles above the surface of the earth, where the stratosphere meets outer space.
Sound cutting edge? In fact, it gets even better because these relay stations weren't going to be plain old humdrum satellites at all, but something far more intriguing. So, are you ready for — blimps?
That's right, folks, instead of satellites, Globetel's infrastructure is going to be assembled out of blimps — the same things you see floating over used car lots on summer Sundays, bearing messages on the sides like, "Blowout Special" and " '98 Dakota — Klean and Mean."
(Globetel press releases say not to call them blimps because they're rigid-framed, 21st century aircraft. But the company has a picture of one on its Web site, and frankly, it looks like a blimp to me.)
Anyway, since bold new thinking is best conveyed with bold new words, Globetel is using its own trademarked name for its (don't call 'em) blimps in space: stratellites — the first of which is set to float heavenward by year's end, reaching a sub-orbital, stationary position 65,000 feet above the earth where it will soon be joined by four others.
THERE's just one thing: That pre-determined, sub-orbital position at the doorway to outer space turns out to be 12 miles above the jungles of Colombia, which is not yet what you'd call a booming market for voice-over-the-internet telecommunications services.
(On the other hand, high above the jungles of Colombia is one place where you could say you've got 500 of the things in orbit, and who is going to say otherwise?)
We wanted to ask a company spokesman why a squadron of (don't call 'em) blimps over Colombia promised to become anything more than the high concept for a "Seinfeld" routine, but couldn't get further than a voice recording for the PR person, which said "high call volume" meant not to expect a return call anytime soon.
Next we came upon a press release announcing plans by a Florida company called Apogeo Enterprises Corp. to invest $50 million in Globetel's not-blimps project, and tried to call them up, too, since anyone planning to invest $50 million in something must surely know what he's doing.
Unfortunately, it proved impossible to locate a business by that name in Florida or anywhere else.
Another possible source of information might have been a man named Paul Taboada, who issued a large number of press releases for the company during 2002 when it was still known as American Diversified Group Inc.
A search of SEC filings revealed that Taboada is now a private investor and consultant to Globetel, and has already invested $500,000 in the company, which is apparently being used as tide-me-over money until that big $50 million rolls in and construction of the not-blimps gets going in earnest.
Unfortunately, Taboada didn't turn out to have the credentials for which one might have hoped.
During the period when he was writing press releases for American Diversified Group, Taboada was working as Director of Corporate Finance for the firm of Hornblower & Weeks.
In that capacity, Taboada issued a research report for American Diversified that turned out to be so over-hyped and distorted in its thumbs-up analysis of the company's prospects that the National Association of Securities Dealers wound up suspending not just Taboada but the entire firm of Hornblower & Weeks from issuing any reports about any companies for six months.
Now he's working for American Diversified's renamed successor from the inside and apparently has half a million dollars on the line, so who could possibly trust a word he'd have to say about anything regarding Globetel?
Bottom line: Remember the name because Globetel Communications Inc. is one penny stock company embodying so much of what is wrong with Wall Street that they ought to make it a case study in business schools.
But don't tell that to the sleepy-heads at the SEC, you might wake them up.
cbyron@nypost.com
Posted by Pagan on :
GlobeTel Responds to Article in New York Post Dated August 1, 2005 10:49 a.m. 08/01/2005 Provided by FORT LAUDERDALE, Fla., Aug 01, 2005 (BUSINESS WIRE) -- GlobeTel Communications Corp. (GTE), today responded to a "slanderous and defamatory" opinion piece by Mr. Christopher Bryon, a columnist from the New York Post. Mr. Timothy Huff CEO stated: "It appears the NY Post is at it again. The New York tabloid is now trying to create controversy where there is none. "In typical fashion, Mr. Bryon created a story without the verification of facts or even simple communication with management at the Company. Had Mr. Bryon actually performed the expected due diligence to prepare an article, he would have not made the preposterous statements that were made. However, this reporter was more concerned about fabrication to sell a story versus solid business reporting. GlobeTel management would like to publicly respond to various business issues that have been onerously reported in this article." Business issues: GlobeTel is a company that has generated over $37 million in revenues in the first half of 2005. GlobeTel has a strong cash position with cash on hand of approximately $3 million. GlobeTel has 59 full time employees based primarily in two facilities in Florida and California. The Florida office has 32 employees in 10,000 square feet of space and the company recently opened a facility in Palmdale, California that spans 66,000 square feet and has 27 employees. GlobeTel has executed contracts with NASA (National Aeronautical Space Administration) to assist in the development of its Stratellite technology, and has already built the first airship and publicly displayed the technology. This technology is being built and tested at Edwards Air Force Base in California, under the watch of NASA, the Air Force, and other governmental agencies. The Stratellite: GlobeTel has assembled one of the leading technology teams with experience in: Design, Aerodynamics, systems, propulsion, battery technology, and other areas. Much of this team has come from NASA and other government contractors, some leaving careers of upwards of 30 years to lead this project. The team includes key leaders:
-- Mr. Robert A. Jones is the President of Sanswire Governmental Services. As President, Mr. Jones is responsible for all aspects of government businesses and relationships for Sanswire.
Mr. Jones has over twenty-five years experience with NASA and the Air Force in aerospace as an executive, director, program manager, mission director, mission manager, flight test engineer, and pilot. Bob has an extensive test background as well as operational air, space and ballistic launch, and space vehicle research, test and development. He was instrumental and responsible for breaking 10 world records for the space launch systems which resulted in three National Space and Science awards.
-- Dr. Michael Matarrese serves as the Senior Aerodynamics Engineer of Sanswire. Michael has over 17 years experience as an aerospace engineer, including several years of close work with famous airplane designer Burt Rutan as an aerodynamicist and configuration designer. He has been involved with the design, development, and flight test of six aircraft, and has provided consulting services to the aerospace community in aerodynamics, computational fluid dynamics, performance analysis, vehicle preliminary design and optimization, and software development. His formal education includes a Ph.D. and B.S. (Summa cum Laude) in aerospace engineering from the highly regarded programs at the University of Michigan and Ohio State University, respectively. He brings to the Sanswire team extensive knowledge of aerodynamics and conceptual design, significant practical experience in flight vehicle development, and exceptional analytical capabilities.
As mentioned above, the Stratellite facility is located in Palmdale, California and is comprised of over 66,000 square feet. There are 27 full time employees. GlobeTel Stratellite customers: Had Mr. Bryon done the simplest of searches he would have found information on the customer that he questions. The State of Florida official website, http://www.sunbiz.org provides a listing of names of Officers and Directors as well as addresses for each person. Location of Stratellites: Contrary to Mr. Bryon's assertion, the first Stratellites are slated to be delivered to military and capital partners interests. Mr. Timothy Huff stated: "The importance of placing these Stratellites in the best location to maximize security for our armed forces is of paramount importance. The technology that we have developed with NASA, the Air Force and other agencies will help save lives and provide quality of life for those that will be the first users of the technology." Mr. Huff continued, "Our capital partners will be afforded initial units and follow on customers will be in line for available capacity." Moreover, the Stratellite represents a last-mile solution to provide internet and telephone to those areas where conventional infrastructure is not in place. Summary: GlobeTel is a rapidly growing business. Evidenced by over 38,000 shareholders, a rapidly growing revenue base, adequate capital on hand, and a seasoned and talented management team. GlobeTel is a business that is far from the illustration that Mr. Bryon described. "This is an unfortunate situation wherein a careless and reckless reporter tried to sell newspapers at the expense of a well run company with a bright future. GlobeTel intends to deal with Mr. Bryon and the New York Post in an appropriate manner and GlobeTel regrets having to respond to this, however, GlobeTel intends on keeping the record straight for its shareholders and not allowing the rogue efforts of this person to hinder the Company or its prospects. GlobeTel can only wonder the true motive behind Mr. Bryon's distortions," according to Mr. Huff. Certain statements in this release constitute forward-looking statements or statements that may be deemed or construed to be forward-looking statements within the meaning of the Private Litigation Reform Act of 1995. The words "forecast", "project", "intend", "expect", "should", "would", and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements. The above are more fully discussed in the Company's SEC filings. GlobeTel and its strategy for launching the Stratellite(TM) may vary as conditions and technology changes. There is the possibility that parts of the process may change or be delayed. While GlobeTel plans for the success of the Airship, there is no guarantee that it will achieve any or all of its objectives. The performance of the new wireless division cannot be guaranteed, there are references that while management believes are probable, and there are no guarantees as to its success. Any reference within this release that refers, or implies a forward-looking statement, is herewith incorporated into this Safe Harbor language. The full terms of the asset acquisition will be included in the Company's required filing.
GlobeTel Communications Corp., Fort Lauderdale Maria Vasquez, 954-241-0590 investors@globetel.net
Copyright Business Wire 2005
Posted by crusader30 on :
Stock is trading at this point. 700K + shares @ 2.01.
Posted by charger on :
A basher from the NY POST... we need a PR from Nasa or Air Force. I could see the post doing this story if the stock were flying: nontheless we will be scrutinized and and PR's better be real from now on.
Posted by <jps> on :
Looks like by responding to that stupid article, they just made more people aware of it. I bet the guy who wrote it is shorting GTE...
Posted by stockvaper on :
Charger, I don't think it's a 'basher' from the NY Post. It's just the 'NY Post'. They genuinely are clueless. They're imfamous for writing 'Business Fiction'. Posted by Pagan on :
GlobeTel Wireless Announces New Contract to Provide Wireless Networks for Three German Cities via COMTEX
August 1, 2005
FORT LAUDERDALE, Fla., Aug 01, 2005 (BUSINESS WIRE) --
GlobeTel Communications Corp. (AMEX:GTE), today announced that GlobeTel Wireless, a division of GlobeTel Communications Corp., has been awarded a contract to install wireless networks in three German cities.
The contract will provide high-speed wireless networks for internet connectivity starting with the town of Kaiserslautern, and continuing with nearby communities. Kaiserslautern is a city of 100,000 people, located 100 miles South West of Frankfurt. Construction of the project is to begin in August 2005.
GlobeTel Wireless will install these first Wireless Networks in Germany as part of the roll out plan to deploy wireless communication networks to non-DSL communities, in identified geographic markets.
Mr. Leigh Coleman, co-president of GlobeTel Wireless stated: "We have had tremendous confidence in the radio technology that we developed for our Stratellites. This technology allows us to deliver a superior wireless product and thus has created an entirely new business unit for us. We are inundated with opportunities for this technology and see this first contract as just the tip of the iceberg for this new business unit."
Several more networks are expected to be installed over the coming months as part of the plan to roll out networks to approximately 140 non DSL Cities in Germany. Expansion plans call for development in other countries in Europe, Africa, Russia, and other geographic markets.
Further network testing is being carried out in other cities, like Russelsheim where advanced wireless networks including WIFI Phones and other mobile devices are currently being tested.
Timothy Huff, CEO of GlobeTel stated: "I am very pleased with this initial contract. This business unit is off and running at a very rapid pace and we look forward to many more business advancements in the near future. This radio technology has many applications and we are pleased that we can capitalize on this as an added revenue and profit center, in our consolidated business."
Posted by charger on :
Sorry Stockvaper,have to disagree, This guy knew what he was doing with all the 1/2 truths and only negative info about the company. Thats basher 101... he could have done this story about almost any new company.
Posted by HoldingGTEL on :
Some interesting tidbits for GTE holders out there, and before you call me a basher, know that I am currently long on GTE.
The rebuttal GTE press release points out many good things about the company, but it doesn't address the issues brought up by the NY POST article.
I would appreciate any comments on the following links, there are alot of intelligent people on this board.
I would send you questions to GTEL IR also...just to see what they say.
Posted by imakmony2005 on :
DUSTOFF101, YOUR RIGHT WE WILL, IM BACK IN,LOOK BACK AT MY POST SAY THREE WEEKS.MAYBE MORE.
Posted by Pagan on :
quote:Originally posted by HoldingGTEL: Some interesting tidbits for GTE holders out there, and before you call me a basher, know that I am currently long on GTE.
The rebuttal GTE press release points out many good things about the company, but it doesn't address the issues brought up by the NY POST article.
I would appreciate any comments on the following links, there are alot of intelligent people on this board.
Officers: Timothy Huff, CEO; Jerrold Hinton, Pres.; Thomas Jimenez, CFO
Outstanding Shares: Not Available
Estimated Market Cap: Not Available
Current Capital Change: shs decreased by 1 for 15 split Ex-Date: Record Date: Pay Date: 2005-05-23
Dividends:
Company Notes: Formerly=Tera West Ventures, Inc until 3-95 Formerly=American Diversified Group, Inc. until 8-02. State of Incorporation Nevada changed to Delaware concurrent with name change.
Posted by HoldingGTEL on :
I did a little more digging, and came up with some more interesting facts, which IMO confirm the article written by Stockpatrol, which is linked on my previous post.
According to Insider & Form 144 Filings - AMERICAN DIVERSIFIED GROUP INC (OTC BB:ADGI.OB), archived by http://web.archive.org;
"Of the 22,000 ADGI shareholders that were mailed the proxy statement, 95% of the votes received were in favor of all three proposals."
The proposals included a share for share exchange and subsequent merger with ADGI's wholly-owned Delaware subsidiary GTEL, or currently, after the reverse split, GTE.
This press release, IMO, confirms that indeed ADGI had only 22,000 legitimate shareholders, yet millions were sold by insiders in the two years leading up to the shareholders meeting.
The main question I have, is what happened to the shareholders who bought the MILLIONS of shares sold by insiders when the share for share exchange and merger/name change to GTEL occured? Did they get their shares of GTEL or were they left holding the bag?
Recently, insiders like Paul E Taboada (mentioned in today's article from the NY POST) have sold millions of shares of GTE.
This is the same guy who was paid by ADGI (Currently GTE) to issue a favorable report and compensated with shares of ADGI, which although I have yet to find evidence of, I am positive he sold.
I am begining to wonder if maybe GTE is just ADGI all over again.
Posted by George on :
http://www.gtel . org/modules/news/article.php?storyid=91
Posted by <jps> on :
From the article:
"In particular, as we have completed a variety of low-altitude, tethered float tests using our Sanswire One Airship, a number of useful improvements have been identified."
Posted by <jps> on :
Come on guys, don't give in to all this GTE is this other stock all over again, etc.
They are a solid company with many different areas of growth. Buy in and you won't be sorry in two years.
Posted by Pagan on :
HoldingGTEL is just rehashing 3 year old news that has no bearing on GTE. Its a different company now, different management, different goals, different business. I don't know his agenda, but why rehash after 3 years. He says he is a longterm shareholder, yet he was clueless about ADGI before he invested in GTE?
The problems with ADGI and the SEC were taken care of a couple years ago. Thats ancient history now.
Posted by crusader30 on :
Pagan, Huff made a timely and measured response to the NY Post article. He was right in doing this right now. It might be a rehash but for those that don't know the history they are now up to speed. Posted by Pagan on :
quote:Originally posted by crusader30: Pagan, Huff made a timely and measured response to the NY Post article. He was right in doing this right now. It might be a rehash but for those that don't know the history they are now up to speed.
How can Mr. Huffs continual purchases of globetel stock ( as late as 7/25/05 for 4,000shares) be anything but a sign of great confidence in the company by its CEO.
quote:Originally posted by Pagan: HoldingGTEL is just rehashing 3 year old news that has no bearing on GTE. Its a different company now, different management, different goals, different business. I don't know his agenda, but why rehash after 3 years. He says he is a longterm shareholder, yet he was clueless about ADGI before he invested in GTE?
The problems with ADGI and the SEC were taken care of a couple years ago. Thats ancient history now.
It's nice that the first thing you want to do is bash me and try to ruin my credibility, but you need to get your facts straight.
First off, the guys involved in ADGI are the same ones running GTE right now. One example is Timothy M. Huff, who was CEO of ADGI and is currently CEO of GTE. Another example is Tom Jimenez, CFO of ADGI and currently CFO of GTE. I provided evidence to support in my original post.
Second, GTE has the same goals, and the same business as ADGI with the exception of the Stratellites, which is supported by George's comment, a few posts up. The only thing that changed when ADGI merged, share for share, with its fully owned subsidy GTEL was the name. For all intents and purposes, ADGI IS GTE.
Finally, I never said I was "a longterm holder", I said I was, (and am still currently), "long" on GTE.
From your comments, it is obvious that you didn't read all of what I posted, and frankly considering your rating, and the fact that I have lurked here in the forum for a while and read many good posts from you, I am very disapointed in your response.
I have no agenda, other than to do proper DD and share it with others, which in all honesty I didn't do before I bought GTE.
Posted by Pagan on :
First off, I did not bash you. I was surprised though that you didn't do your DD before buying GTE which you have now admitted. And Jerrold Hinton was President at the time of the ADGI debacle. Huff was brought in to basically reorganize and revitalize, so unfair for you to blame him for ADGI's woes. And yes GTE was formerly ADGI in a previous life, but it is my OPINION that they are 2 distinctly different companies at this point in time, even with Jimenez as CFO. And when I referred to your agenda, I was asking why you would be bringing up the ADGI issues from 3 years ago. Has it changed your whole perception of GTE so far as you now think it is a scam? Not bashing ya, just asking if it has changed your perception of GTE. Even after today's very thorough Letter to Shareholders, do you still think GTE is the same as it was back in the ADGI days? IMO it's like apples and oranges. Sorry if you took my previous post as a bash, was not the intent.
PS: "Longterm shareholder" and "long in a stock" are the same thing. Just semantics.
Posted by HoldingGTEL on :
In my rush to rebuttal, I indeed learned a lesson in humility. That is, to check my own facts. Jerrold Hinton was indeed President and CEO of ADGI at the time of the ADGI "debacle". Timothy Huff was CEO of ADGI's wholly-owned subsidiary, GTEL. Thus, I stand corrected. However, I would like to point out that Jerrold Hinton is STILL President of GTE.
I was not trying to blame Timothy Huff, considering I do not know who, if anyone eventually took responsibility for the ADGI "debacle".
The reason I brought up the ADGI "debacle" is because of the recent (AUG 1 2005) article in the NY POST refering to a Paul E Taboada. This led me to do some digging and I didn't like what I discovered, which was evidence suggesting that many of the same people in charge, (i.e. responsible), durring the ADGI "debacle" are still in charge of GTE. This is evidenced by statements from the "Special Shareholders Meeting" regarding the share for share exchange and subsequent merger of ADGI to GTEL.
"The new entity, GlobeTel Communications, has its corporate offices in Miami, Florida and will carry on business now conducted by ADGI. The ADGI management and Board will maintain the same positions at GlobeTel as they held at ADGI."
If someone was held responsible for MILLIONS of unauthorized shares of ADGI sold, I would indeed like to know. It seems like you were around durring the whole ADGI thing so any information you have regarding the situation would be greatly appreciated.
If indeed the "debacle" is old news and was resolved years ago, then my concerns are unfounded and I can rest easy knowing those responsible were removed/punished and GTE has moved on to become a legitimate entity with an excellent business plan and vision; The Stratellites.
In regards to your question of whether or not GTE is a scam... At this point I am not sure but for what its worth I have not sold my shares of GTE.
However, considering ADGI's past and the fact that many are concerned with naked short selling, (unauthorized shares being sold), I wonder if the same thing that happened with ADGI is happening with GTE. The sale of unauthorized shares would most certianly drive the price down and it seems like all this stock does is go down in price, even though GTE releases a good PR every few days.
Todays letter to the shareholders was most certianly positive and thorough, but it doesn't address the concerns I have regarding the ADGI "debacle". Namely, most of the same people who were in charge then, are still in charge today.
Finally, looking back, I realize you were not trying to bash, and considering I am a new member here and have zero credibility, your questions of my "agenda" were justified. While I am on the subject, I WOULD LIKE TO THANK WHOEVER GAVE ME A STAR ON MY RATING. =)
P.S. I was under the impression that "long" on a stock meant you owned shares and "short" meant you borrowed shares and sold them with the intent to buy back at a lower price. I have never heard the term "long" on a stock being used in the context of being a "longterm shareholder", but then I've only been been doing this for 6 months at best, and have much to learn.
HoldingGTEL
Posted by Pagan on :
HoldingGTEL.. Here's a couple items that may clear things up for you and others...
April 23, 2003
To Our Valued Shareholders,
The year 2002 was quite a good year for GlobeTel in all respects. I came to GlobeTel in May of 2002 with a three-year plan. Although this filing only represents six months of me being onboard, I am quite pleased with our performance and progress.
GlobeTel had record revenues of $11.69 million and had record profits of $1.32 million in a year when the telecommunications industry in the U.S. was experiencing its worst performance ever with several major telecom companies filing for bankruptcy.
We made many gains in terms of network expansion, increases in network traffic volume, implementation of its Enhanced Services products and we added new telephony and non-telephony products and applications. We successfully completed our reincorporation into a new structure as a Delaware corporation and successfully brought ourselves into compliance with the new SEC corporate responsibility reporting standards. We streamlined administrative operations and completed bringing our financial house in order. We needed to review our past transactions for the last two years and make sure that all issues were addressed concerning previous 10Qs and 10Ks. To finish this last goal, we extended the filing date of our Form 10-K.
In 2001 GlobeTel, then ADGI, reported a $1.2 million loss on approximately $3 million in revenues.
In 2002, we started to rebuild the company from the foundation up. Firstly, we corrected the by-law problem and by shareholder vote reincorporated American Diversified Group Inc. into GlobeTel Communications Corp. (GTEL). Secondly, over the next six months we raised $1.8 million for our capital needs. We have already paid back all but $750,000. The investment paid for the reincorporation and for rebuilding the networks. Thirdly, we refocused our network operations with major companies in the international marketplace and as a result, our current network operations are growing through a wider variety of international carriers. Finally, in each quarter since the second quarter of 2002, our network revenues have grown, increasing to over $5 million during the last six months of 2002. This represents a 165 percent increase over the entire year of operations for 2001.
We decided to take a more conservative track in the final reporting of the IPW transactions. We wrote write down IP World Ltd, (IPW) network sales revenues by 50 percent exceeding the 20 percent reported in our 10Q. In reporting the sales and payment of these networks, it appeared that IPW and GlobeTel reported certain aspects of the transactions differently. This contributed to the delay currently being experienced by IPW and its relisting on the ASIC (Australian Securities and Investment Commission). Briefly, we reported IPW as our customer and the shares paid to us coming directly from IPW. In point of fact, the underlying agreement which began the transactions was with Charterhouse Investments, GlobeTel's actual customer, and by reporting IPW, the assignee, as the direct customer was not consistent with the agreement filed with the ASIC. The shares paid for the networks purchased by IPW were contractually paid by Charterhouse from its IPW holdings. Without reporting the exact payment structure accurately, our reporting gave the appearance that IPW paid both Charterhouse and GlobeTel for the same network which was definitely not the case. IPW will now file the explanations and corrected documentation with the ASIC, disclosing the business arrangements and transaction flows between the three companies, and we believe this will resolve the issue shortly. We still feel very confident in the listing process for IPW and our continuing business relationship.
The goal that I gave to our Board of Directors in May of 2002 is to become a strong, international IP-based telecommunications company within three years. We are well on our way. Our three-year plan calls for:
(a) In the first year, restructuring the company and securing investment capital to ensure our future growth;
(b) In the second year, growing the foundation revenue base, expanding our network footprint to give us a launching pad for the IP Super Hub Structure and focusing on building a stronger public following; and
(c) In the third year, continuing to accelerate the expansion of revenue and profit growth while adding new products and services and increasing distribution channels for our telecommunications product lines.
I realize that many of you have been shareholders for many years and we at GlobeTel believe we are well on our way to achieving these goals and we thank you for your continued support.
Sincerely, Timothy M. Huff Chief Executive Officer
GlobeTel Announces Changes in Board of Directors February 14, 2005 PEMBROKE PINES -- February 14, 2005 -- GlobeTel Communications Corp. today announced that Dr. Jerrold R. Hinton has resigned as a member of the Board of Directors of GTEL and will be replaced by Laina Raveendran Greene, CEO of GetIT Multimedia Pte Ltd., a Silicon Valley company based in Singapore (http://www.getit-multimedia.com).
Dr. Hinton founded American Diversified Company, Inc., the predecessor company of GTEL, in 1995. He previously served as Chairman, Chief Executive Officer and President of both American Diversified and GTEL. He resigned on February 8, 2005 in order to give the Company the ability to bring on a Board member who qualifies and can function as an independent member of the Audit Committee.
Mr. Hinton stated that, "The Company has exceeded my expectations under Tim's leadership. It is time for me to step aside to facilitate this growth and to make room for well suited board candidates, who can assist leadership with the next stage of growth. I am proud to have served the Company and our shareholders and feel very strongly that the company's best days are yet to come and we can all enjoy the fruits of our hard work. I wish the shareholders and the Company nothing but the best."
Tim Huff, CEO of GTEL, stated, "We owe a tremendous debt of gratitude to Dr. Hinton in holding the company together and maintaining its survival in some difficult times until we could establish the areas in which we could truly grow into what he and others envisioned. We wish him well in his future as I will not hesitate to call upon him if the need and occasion should arise."
Ms. Raveendran Greene, who will join the board of Directors of GTEL immediately, is the founder and CEO of GetIt Multimedia Pte. Ltd., a content development and delivery company providing solutions for e-learning and e-communications. She is a communications expert with a law degree, having obtained her law degree from the National University of Singapore and Masters of Law (Cum Laude) from the Harvard Law School.
Professional associations to which Ms. Raveendram Greene belongs, include, among others: International Advisory Panel member of the Asia Pacific Information Development Programme (UNDP), Chair of the Asia Pacific Policy and Legal Working Group; Charter Member of the Asia Silicon Valley Connection; Founding Member of the Global Telecommunications Society (Washington, D.C.); former Program Committee for the International Telecommunications Union (ITU).
Mr. Huff continued, "We welcome Laina to the GTEL family. We are extremely excited about our future and we feel that Laina's experience in telecommunications and her international reputation as a telecommunications expert, will greatly enhance our board. We are pleased that she has agreed to join us."
Posted by BuyTex on :
going "long" makes a distinction apart from daytrading and swing-trading; all expect a rise in pps, as opposed to shorting, which you describe correctly.
Peeps inquiring about your agenda are/were not bashing, merely trying to ascertain whether you are/were. Apparently someone thought so, hence the one-star rating, which, unfortunately, is not a compliment.
I'm not familiar with the old ADGI: Was it a pink? OTCBB? Big board?
Posted by imakmony2005 on :
I love it when im right.
Posted by BuyTex on :
holdingGTEL, just read some recent posts I overlooked--you being new and all? just FYI, Pagan is one of this excellent board's more knowledgeable, better posters...
Posted by crusader30 on :
Not only is Pagan a knowledgeable poster but Pagan has a sense of humor. It is also understood through the grapevine that he is an excellent Greyhound handicapper. Posted by Edster on :
It's droppin like a rock - any reasons?????
Posted by George on :
Getting closer to re-entry price is all it is doing...
Posted by Pagan on :
I picked up some more today @1.80. Should have a solid bounce tomorrow by all chart indicators. RSI showing extremely oversold conditions. Chart PPS history shows pattern spike for these conditions previously.
Posted by <GTE = PUMP DUMP> on :
SELL ON ANY PRICE UNTIL 0.6
Posted by glassman on :
quote:Originally posted by <GTE = PUMP DUMP>: SELL ON ANY PRICE UNTIL 0.6
so are you shorting it from your canadian broker up there in halifax or are you just trying to accumulate at a better price??? eh?
Posted by Edster on :
This stock has lost 50% since the R/S in late May. This is even in light of the many positive news releases over the pass couple of months. Do not see any support levels in the price. This could easily drop to less than a $1.00 before the summer is over. I doubt even a mildly successful first flight can take this back to levels we saw back in May. I am in for the long haul but wished I had got out way back when.
Posted by imakmony2005 on :
Lets ride.
Posted by crusader30 on :
Edster, don't dispare. Certainly THOR will intervene. Until then watch out for Rabid Republicans.
Posted by Pagan on :
Actually Edster, the 50% discount from AMEX debut was one of the reasons I decided to pick up a new swing position today. Back on July 12 we dropped to 1.85, went up to 2.56 HOD and closed @ 2.48. and there have been many other opportunities as well. There is a tremendous amount of money to be made on these swings. GTE has been allowing for great swing plays even though the PPS has been in decline.
And your right about the a successful flight test not taking us back to previous levels, GTE will blow through those levels like a fart in a hurricane with a successful flight test IMO.
Posted by BuyTex on :
yup...it flies? better fight for your right to party...
Posted by crusader30 on :
quote:And your right about the a successful flight test not taking us back to previous levels, GTE will blow through those levels like a fart in a hurricane with a successful flight test IMO. [/QB]
Yah, That's what I'm talking about Posted by Edster on :
Starting down again today - any bets we'll break below 1.60 before EOD?
Posted by leavenart on :
You're right Pagan, and we know about those hurricanes too.
This will be a swingers delight for a long time.
Posted by Dustoff101 on :
[QUOTE]Originally posted by crusader30: [QB] Edster, don't dispare. Certainly THOR will intervene. Until then watch out for Rabid Republicans.
------------------------------------------------
Please do not go political on us, you might drag in the political crackpots from around allstocks...
However, if your holding a short position, that would be a good strategy. LOL
Posted by glassman on :
political crackpots from around allstocks...
hey! i resemble that remark
Posted by Dustoff101 on :
I thought that would get a uptick outa ya glass. LOL
Posted by vwcruisn on :
this is PAINFUL. i just have to keep tellin myself that one day itll skyrocket!
Posted by Dustoff101 on :
A good sense of humor can help. I think, could be wrong, I quess, not really sure, maybe?
Or it might turn us into bleathering idiots!
Posted by stockvaper on :
My pain doesn't seem so bad when I think about how much Timothy Huff must be losing. Posted by Edster on :
Still pushing to finish below 1.6 for today - just as I predicted. Sometime this has got to level out and make a strong comeback.
Posted by crusader30 on :
Edster when I watched it hit 1.60 I thought of your post. Also thinking of Pagan's post:
"There is a tremendous amount of money to be made on these swings. GTE has been allowing for great swing plays even though the PPS has been in decline."
I picked up another block @ 1.62 for that very purpose. Posted by trippy on :
i also added 1000 shares to my position at 1.63, whats everyones opinion on this stock?
heard it swings pretty good ... is this a long hold? or just a good swinger?
would like to have someone's opinion that has been in this stock.
thanks buds
Posted by JHenry on :
I picked up another 2400 shares today at 1.63.
Posted by vwcruisn on :
ive been in this stock ever since the first shareholder meeting where they unveiled sanswire 1 (just the frame)
ive lost 50% on it so far, but the potential for this company is just insane. IF they can get the stratellite up and functioning, this stock would make you a millionare or close to it. And the possiblility of it all working is very feasable. The technology is all in place. I would be buying more at this bargain price, but all my funds are tied up.
Posted by crusader30 on :
Trippy, I got in at below .10 rode it to .31. Bought back in at .20 and rode it to .29. Bought back again at .19 and sold everything again right before the RS. All good moves.
After the split I waited for things to cool off and didn't get back in till $2.02.
GTEL = GTE Has Been Good To Me.
Long term this looks like an outstanding company, but like Pagan states it has short term swings the really make of lots of $$$$$ and I haven't been doing that since the split.
When Strat 2 takes off THIS STOCK WILL GO OUT OF SIGHT. SO WATCH IT ALL THE TIME AND YOU SHOULD BE ABLE TO DO VERY VERY WELL.
Posted by trippy on :
thanks a lot you guys, i loved the input i've recieved. definately didn't know GTEL had "this much going for it"
i'm definately excited at the price i picked it up at, and will continue to post here everyday. once again thanks for the solid information.
Posted by Pagan on :
I picked up so more today as well. I picked up some yesterday and was a little surprised at today's drop, so I just had to add a bit more to my swing position today. May drop a little tomorrow, hard to say after today's action. But at the very minimum I forsee at least a small uptrend beginning tomorrow or early next week building up to the Shareholders meeting after hours on Thursday night. So next Friday could be quite volatile depending on what news and numbers come out of the Shareholders meeting. This drop before the SHM is perfect opportunity to take a position before next weeks volatility IMO.
Btw, excellent plays Crusader. Congrats!! Nice to see others taking advantage of the swings Posted by Edster on :
Last three days ----> steadily increasing volume with steadily decreasing PPS. Not a good prospect for today PPS action. Will depend a little on the opening price. If it opens at less thasn 1.60 - we may be in for another loss but probably not as big as yesterday's.
Posted by Pagan on :
Bouncing....up .16
Posted by <jps> on :
ALL ABOARD! Posted by TampaInvester on :
Another swing play coming..fasten your seat belts we are going to fly
Posted by trippy on :
boy o boy am i glad to see some green -- love this stock already, this could make for a nice swing, gonna hold a little longer to see if we can't break 1.90 today!
Posted by <jps> on :
1.90? It should be able to breeze past that. This stock is worth alot more than that.
Posted by crusader30 on :
trippy <~~~~ Swinging Already Posted by trippy on :
gimme some predictions, whats this going to close at, or around?
Posted by JHenry on :
Nice little jump but I don't think it will hold without news.
Posted by <jps> on :
It's hard to predict. In the past, we saw many days in a row of good gains like this. Hopefully it will be like that.
Posted by Pagan on :
I believe today will set the trend for next week leading up to the Shareholders meeting on Thursday. I'm sure Huff has saved some sort of substantial news for the Shareholdrs Meeting. Look for next Friday to be highly volatile. 2Q numbers are also due this week I believe. Could see the uptrend continue up until the meeting next week, but even sideways from here until the meeting is a possibility leading into Friday's likely volatility.
Posted by <jps> on :
Good close! I'm hopefully tomorrow will have more of the same.
Posted by imakmony2005 on :
Its friday,market is closed saturday.
Posted by <jps> on :
Man, where do the days go... Posted by imakmony2005 on :
next weeks gonna be fun nothing but net.
Posted by imakmony2005 on :
monday monday
Posted by BuyTex on :
quote:PLEASE NOTE: This is NOT the GTEL system & Kestrel Aerospace Ltd is no longer working on that project.
any ideas? I can't make calls in the morning, but I hope somebody does...
Posted by imakmony2005 on :
so gte is dead BUYTEX whats up??
Posted by Pagan on :
Tex... Switching from Kestrel to a different propulsion system supplier is not really surprising news with the fluid nature of prototype project. Although I am curious as to what system they will be using and who will be the supplier. Maybe we will find out this week from the SHM. But below I have pasted a snippet from the recent Letter to Shareholders that discusses numerous new developments in the technologies used for the Stratellite prototype.
Sanswire and the Stratellite: As we progress into the Third Quarter, we felt it would be important to provide you with an update on our rapidly progressing Sanswire Program. And "progress" is the operative word. We have been operating in the vortex of a range of favorable developments in recent months which have improved both the commercial prospects and the technological features of our Airship program.
On the technological front, we have been the fortunate beneficiaries of a range of new developments - some derived from our in-house testing activities and others acquired from the scientific community at large. These advancements in technology have allowed us to re-think and to materially enhance our design and testing program. In particular, as we have completed a variety of low-altitude, tethered float tests using our Sanswire One Airship, a number of useful improvements have been identified. This, in concert with our extensive testing, has provided several generational leaps in the materials technology and composition elements of our prototype. Of significant importance, given the weight-to-lift ratios which are fundamental to the operational physics of our Airship, we recently embraced the development of a new, very-light-weight, carbon-fiber, composite material which will allow us to construct current and future airships in a way, and at a pace, which will substantially reduce our time-to-market, while dramatically improving our operating efficiencies. This composite construction will allow for greater platform strength, durability and payload capacities. This new carbon-fiber infrastructure will reduce our operational weight by approximately 50% (thereby increasing the payload capabilities) and, ultimately, it will reduce the assembly time by a similar amount. When combining this new very-light-weight, high tensile strength, rigid frame design with the new battery and fuel cell technologies which have emerged in recent months (which will also result in dramatic improvements in power-capacity-to-weight ratios), we have concluded that the optimal strategy for getting our first commercial vehicle to market, as quickly as possible, is to immediately leap-frog from Sanswire One to Sanswire Two. This focuses all our energies, all the expertise which we have gained to date and all our resources, both financial and human, on efforts which have a clear and immediate pay-off. Sanswire Two has allowed us to "funnel" everything we have learned from Sanswire One into a timetable which will put our first commercial vehicle in the stratosphere much earlier than we had previously expected.
Posted by BuyTex on :
quote:Originally posted by imakmony2005: so gte is dead BUYTEX whats up??
lol, that's the way rumors get started. I'm simply posting a development--don't know what it means. Obviously, though, it bears checking out, and I won't be able to, tomorrow.
**********
Pagan, been hoping you'd show up. Good post, as usual. I wonder if Kestrel "got booted" as GTE took new direction with carbon material . . . Still, if Kestrel was the manufacturing contractor, do we have any line on the new one?
What's your overall take as we approach the meeting?
Posted by Pagan on :
Tex... We should continue uptrend leading up to the SHM based on this past Friday's action . Anticipation of news should keep GTE positive, or at least trading sideways until SHM. I'm hoping we get some clarification coming out of the SHM on recent technology advances. The Letter to Shareholders gave us alot of info. I look forward to even more developments/information coming out of the SHM. At least we don't have long to wait.
Posted by BuyTex on :
ya, sideways is OK, too...
hey, you still swinging this? I shoulda been...
Posted by Pagan on :
Oh yea, the volatility has been great for several swings the last 2 months. I still have a long position as well, but the swings I have made have taken the sting out of the PPS decline Posted by <GTE_pump_DUMP> on :
Never touch this pig.
Go to under 0.5 soon
Posted by BuyTex on :
pig?
Hey, buddy, that's not kosher in my book!
Posted by Dustoff101 on :
[QUOTE]Originally posted by BuyTex: [QB] pig?
Hey, buddy, that's not kosher in my book!
------------------------------------------------ I concour, besides the strat looks more like a Whale Shark.
Now whos's sensitive Tex..Really LOL now! What a day.
Posted by BuyTex on :
hey, I tried to warn that guy, lol
Actually? I did the math: we got three "invaders" working from one room, with 37 machines and 4,331 handles... Posted by Dustoff101 on :
Get out the raid! Spray and squash de dern bugs.
I did'nt say spay.....................YET!!!LOL
Posted by glassman on :
it's obvious that some heavy hitters are looking to buy in as cheap as they can..... why would a newspaper bother to bash??? Posted by <jps> on :
Should be an interesting day. I'm hoping for an all-green week. Posted by <jps> on :
So far, so good!
Posted by Raptorsrule on :
Looking better and better....
Posted by Pagan on :
quote:Originally posted by Raptorsrule: Looking better and better....
I agree. It is looking great so far. Up .35 @2.22
Posted by TampaInvester on :
2.30 now. someone knows something that I don't know
Posted by TampaInvester on :
Bid more than ask
Posted by <jps> on :
Holy smokes! Hope everybody got in!
Posted by <jps> on :
This will be a good week. I can feel it. Time to recover some losses...
Posted by <jps> on :
Good close.
+0.38 (+20.32%)
Where is everyone? Buying more GTE? Posted by Raptorsrule on :
Nice close indeed....
Posted by imakmony2005 on :
nice day indeed nothing but up.
Posted by <jps> on :
I hope every day this week is like this. I bought in last week and plan on holding until at least Friday... what about others?
Posted by stockvaper on :
I'm in this until at least the end of next year. Posted by <jps> on :
stockvaper: I as well.
Posted by <jps> on :
Seems to be a sideways-sort-of-day today.
Posted by imakmony2005 on :
got stoped out at 2.27, looking to get back in under 2.00 to 1.50 fun fun fun.
Posted by crusader30 on :
Swinging Swinging Swinging
43% in 4 days. Wonderful Pagan, Just Wonderful. Posted by Dustoff101 on :
Yep, this has been a heart pounder again.
I missed it this time..DUMB DUMB DUMB!!!!!!!!!
George ya in the numbscull corner with me again?
Posted by Pagan on :
Has been a volatile few days to be sure. So much money to be made on these big swings. Glad to see others taking advantage as well.
Posted by George on :
I am out right now. I have been wanting to get back in at 1.70-80. I have all my funds tied up right now so I will try to get back in this one mid-september around 1.70.
Posted by <jps> on :
So you guys think it will have a continued downtrend? Even if there is good news on Fri?
Posted by Pagan on :
What it does on Friday will depend heavily on what news comes out of the SHM. Possible news items include test flight dates (or actual test flight completed), Stratellite progress reports, contracts, propulsion system and supplier, amongst others. So again, I say it will depend heavily on exactly what news is released from the SHM. If its pure fluff, could trend downward. If the news has meat, she'll continue uptrend. Potential major uptrend if anything solid as far as launch dates or groundbreaking news on Strat. JMHO
Posted by <jps> on :
It seems to be going up again. Seems risky to try and swing right now to me.
Posted by Raptorsrule on :
Airships, Unmanned Aircraft May Have 'Synergy,' DOD Says (Posted: Wednesday, August 10, 2005) [Aerospace Daily & Defense Report, Aug. 10,
(by) Marc Selinger
Although unmanned airships and unmanned aircraft have distinctly different looks, a new Pentagon report suggests there may be several areas in which technology developed for one vehicle type could benefit the other.
The report, a "road map" on unmanned aircraft systems (UAS), sees a "potential for synergy" between airships and unmanned aircraft that would "enhance capability or reduce cost" for several kinds of missions, including communications relay, force protection and signals intelligence collection.
The Defense Department, which released the road map late Aug. 8 (DAILY, Aug. 9), has bought hundreds of unmanned aircraft, ranging from the Air Force's large Global Hawk to a variety of handheld devices. For long-endurance missions lasting weeks or months, DOD is pursuing blimp-like airships, which use engines to fly, and balloon-like aerostats that are tethered to the ground by cable.
Several airships and aerostats are under development, including the Missile Defense Agency's High Altitude Airship and the Army's Joint Land Attack Elevated Netted Sensor (JLENS) aerostat system. Several aerostats have been deployed in Afghanistan and Iraq, including the Army's Rapid Aerostat Initial Deployment (RAID).
The report's comments on airships are contained in a section that did not exist in previous editions of the road map. Christopher Bolkcom, an aerospace analyst at the Congressional Research Service, told The DAILY Aug. 9 that the addition of the airship section could suggest that "cultural obstacles" to airships and aerostats have lessened and that DOD now views such vehicles as "increasingly useful and important."
Still, DOD's skepticism about airships does not appear to have gone away entirely. The report says that "limited mobility" remains a challenge for airships.
Bolkcom said the new road map also is notable for its heavy emphasis on the need for UAVs to be interoperable. Rep. Curt Weldon (R-Pa.), a senior member of the House Armed Services Committee, and other lawmakers have complained about what they see as a lack of coordination among UAV programs (DAILY, March 10).
Posted by Raptorsrule on :
JANE'S DEFENCE WEEKLY 10 AUGUST 05
Lockheed wins DoD contract for massive airship
Michael Sirak
The U.S. Department of Defense has decided to continue development of a massive, autonomous unmanned airship that could play a vital role in coming decades in protecting the U.S. homeland from air and missile attack. The Missile Defense Agency (MDA) announced on July 26 that it intends to award Lockheed Martin an approximately $137 million contract in October for phase 3 of the High Altitude Airship (HAA) programme. During this phase, which is expected to last about four years, the company will build a solar-powered airship prototype approximately 131 meters long and 45.75 meters at its widest point that displaces about 103,000 cubic meters of helium, according to Lockheed Martin and MDA officials. The MDA wants the prototype to be capable of loitering at 18,300 meters for up to one month while carrying a 227 kilogram payload and providing 3 kilowatts of continuous power to the payload. A three-flight demonstration, culminating in a one-month deployment, could begin as early as mid-2008, according to the officials. The exercise will yield valuable data for the larger operational variant that the MDA envisages, they said. "What really hasn't been demonstrated before is getting a vehicle like this to altitude and going through multiple diurnal cycles and staying at that altitude," Ronald Browning, director of business development for Surveillance Systems at Lockheed Martin Maritime Systems and Sensors in Akron, Ohio, told JDW on July 28. After a competitive first phase of concept development, Lockheed Martin concentrated during phase 2 on reducing the developmental risk to technologies like the airship's lightweight hull fabric, solar arrays, batteries and components for its four electric motors. This work led to a critical design review of its airship concept in October 2004. After reviewing the concept, the MDA opted to continue the initiative, but under a restructured framework to allow more time to complete the project. Lockheed Martin is expected to contribute about $43 million of its own funds to phase 3, according to MDA and Lockheed Martin officials. Browning said Lockheed Martin is confident that it has met the principal design challenge of the prototype: developing a strong, composite lightweight fabric that can withstand the rigours of operating in the stratosphere, where it will be exposed to extreme fluctuations of temperature and radiation and ozone, and yet contain the helium. Upon successful demonstration, programme engineers will add off-the-shelf sensors and radios to the vehicle and conduct exercises to assess the military utility of the airship. The North American Aerospace Defense Command will lead the assessment, which will take place over U.S. test ranges. Lockheed Martin will build the prototype HAA in Akron. The HAA is conceived to operate from bases in the continental U.S. Lockheed Martin is offering its Airdock facility in Akron as a base from which to operate and maintain two airships. The airship is designed to fly autonomously to GPS waypoints programmed by ground controllers at a fixed-site station that has both line-of-sight and beyond-the horizon communications links to remain in contact with it. A mobile control station is also envisaged at a later point. Browning said such airships also have civil and commercial applications such as supporting a network for the control of air traffic as well as monitoring crops and wildlife. Ultimately, the pace of the demonstration will be determined by the Congress. The MDA asked the legislators for $16.8 million in FY06 to support the HAA programme. House and Senate funding authorisers have not yet settled on the final version of the bill, but House representatives voted to eliminate the funding due to concerns over technical issues and schedules.
Posted by ehya the fisherman on :
Hmm, I'm not sure what to think of this news. How do you guys feel about it.
Posted by crusader30 on :
Both Positive and Negative.
On the positive side maybe GTE has made their point and the DOD thinks this idea has merit.
On the negative side GTE wasn't selected by DOD for the contract.
But......GTE is looking for the commercial applications. I'm staying with them with my core block. In the meantime I'm swinging if the opportunity presents itself. Posted by ehya the fisherman on :
Crusader
after thinking it over a bit longer and reading your reply, I agree completely and realized it foolish to even be concerned with this. GTE is going for a very different market than Lockheed. As we've already seen the past few contracts they have in place were for foreign commercial application. This news may have a negative affect of the stock pps, but I believe the company will still move strongly forward with its services.
Posted by Pagan on :
Lockheed has been in HAA development for a couple years now with DoD. This contract is just a furtherence of an ongoing contract. Its for development of a prototype. GTE has a prototype already under construction and soon to be flight tested. GTE could easily be awared contracts for production models. Its the same as when DoD wanted a new Joint Strike Fighter, there were 3 different contractors developing prototypes before a production contract was awarded. So I wouldn't put to much weight into the DoD and Lockheed contract. JMHO
Posted by ehya the fisherman on :
August 11, 2005 06:00 PM US Eastern Timezone
GlobeTel Announces Second Quarter 2005 Results
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Aug. 11, 2005--GlobeTel Communications Corp. (AMEX:GTE), today reported in its filing of SEC Form 10Q that the company had revenues of $19,700,531 during the second quarter ended June 30, 2005, compared to $3,790,085 during the same period in 2004, an increase of 419%. Total revenues for the six months ended were $37,711,175, compared to $7,000,419 during the same period in 2004, an increase of 438%.
The total losses for the second quarter were $3,115,294, excluding non-recurring one-time charges of $2,842,035. The company also provided the following quarterly comparison:
Net loss $5,957,329 $3,600,054 $8,416,953 ============ ============ ============
Total Assets $14,669,233 $15,124,388 $6,195,977 ============ ============ ============
Total Stockholder Equity $11,530,390 $12,359,242 $5,276,577 ============ ============ ============
The company reported that margins were lower in the current quarter as it had incurred downtime when it moved its network operations center to its new, larger facility in Los Angeles. When accounting for technical support and amortization and depreciation, there was a resulting negative gross margin.
Operationally, the Company reports that:
-- The projected run rate now is approximately $75 million;
-- There is significant progress in its revamping the organization and operations;
-- The additional space in its Florida headquarters will be ready in October 2005;
-- Its subsidiary, Sanswire Networks, LLC, has moved to its new facility in Palmdale, California.
Timothy Huff, CEO of GlobeTel, stated, "We continue to be excited about the future of the Company. The losses we incurred were expected as we grew our business. We expect our losses to diminish and reach profitability by the end of the year as we now operate out of our new facilities and as we launch our other products. As I previously stated, the Company is stronger than it has ever been. This will be truly exciting times for GlobeTel and our shareholders."
About GlobeTel Communications Corporation:
GlobeTel Communications Corporation is a diversified Telecommunications and Financial Services Company. GlobeTel Communications Corporation operates business units in Stored Value debit cards, as a certified MasterCard processor, the sale of Carrier grade VOIP of Long Distance to major Long Distance re-sellers, VOIP Technology and development, and high altitude airship research and development. These self contained business units were developed to operate independently of each other. The symbiotic relationship however, provides value to each of the other business units. This strategy offers GlobeTel financial diversity and risk mitigation while striving toward its operating objectives.
Operating on a global basis, GlobeTel has, historically, focused its business development on markets outside of the United States. Current operations and business relationships exist in Asia, Europe, South America, Mexico and the Caribbean. Additional information concerning other areas and topics of GlobeTel can be found on our web site at http://www.globetel.net
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Placement Act of 1995. The words "forecast", "project", "intend", "expect", "should", "would", and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements. The above are more fully discussed in the Company's SEC filings.
Contacts
GlobeTel Communications Corp., Fort Lauderdale Maria Vasquez, 954-241-0590 investors@globetel.net http://www.globetel.net Posted by <jps> on :
quote:an increase of 438%
That's a huge revenue increase!
Posted by <jps> on :
So do you think there will be more news today?
Posted by BchOus on :
Thanks, Eyha....
Posted by ehya the fisherman on :
BchOus, I enjoy it...
Posted by BuyTex on :
Pagan (all), random thoughts:
Wasn't Lockheed's project more or less on the shelf? Gotta wonder whether the Strat's progress convinced higher-ups to revisit the Lockheed project..."Dang, boys, these guys are serious--look who they hired." hmmm
What was the lag time from military/national-security deployment of satellites to commercial deployment? Could this be a reversal, a precedent for "near-space" exploitation?
Did I see on I-hub a link to an Air Force magazine article with a mention of the Strat?
Institutional investors should smile on the recent financials, I would think.
Has a general summary of the shareholder meeting been released?
Posted by <jps> on :
Predictions? I'm still in...
Posted by Pagan on :
Tex.. No summary of the SHM yet. I'm looking for PR's either afterhours today or sprinkled through next week. I've always retained a core hold in GTE. But I play as many of the swings as I can when I am able to time the low properly. Looking for a good swing opportunity with EOD today or early next week. I may pick up some shares today for a swing in case they release PR's afterhours today or before bell Monday. Not sure yet.
Posted by George on :
quote:Originally posted by Pagan: Lockheed has been in HAA development for a couple years now with DoD. This contract is just a furtherence of an ongoing contract. Its for development of a prototype. GTE has a prototype already under construction and soon to be flight tested. GTE could easily be awared contracts for production models. Its the same as when DoD wanted a new Joint Strike Fighter, there were 3 different contractors developing prototypes before a production contract was awarded. So I wouldn't put to much weight into the DoD and Lockheed contract. JMHO
Dead-on Pagen..this is an ongoing project. They had delayed starting Phase 3 and we thought back then that that may be because GTEL was already ahead of the Lockheed timeline. You have to rememebr that GTE is developing this primarly for their own use, wireless stuff. There is the secondary DOD stuff. Even if Lockheed has something first to market it is a diffrent platform for military operations. It will be hard for a cell phone company to buy one or rent one from them. GTE will sell or rent them one...
can you guys post your findings at gtel . org? We need to keep the information up to date.
Posted by George on :
quote:Originally posted by <jps>: Predictions? I'm still in...
I am still waiting to get back in at 1.70-80
Posted by <jps> on :
Extended hours is up to 2.25!
Posted by stockaholic on :
They always have crazy bid/ask after close. That really doesn't mean anything. I'm with George though, I think I will wait until about a buck 80. This has been pretty reliable as a swing but it doesn't look like it will really go nuts for quite a while.
Posted by Raptorsrule on :
quote:Originally posted by George:
quote:Originally posted by Pagan: Lockheed has been in HAA development for a couple years now with DoD. This contract is just a furtherence of an ongoing contract. Its for development of a prototype. GTE has a prototype already under construction and soon to be flight tested. GTE could easily be awared contracts for production models. Its the same as when DoD wanted a new Joint Strike Fighter, there were 3 different contractors developing prototypes before a production contract was awarded. So I wouldn't put to much weight into the DoD and Lockheed contract. JMHO
Dead-on Pagen..this is an ongoing project. They had delayed starting Phase 3 and we thought back then that that may be because GTEL was already ahead of the Lockheed timeline. You have to rememebr that GTE is developing this primarly for their own use, wireless stuff. There is the secondary DOD stuff. Even if Lockheed has something first to market it is a diffrent platform for military operations. It will be hard for a cell phone company to buy one or rent one from them. GTE will sell or rent them one...
can you guys post your findings at gtel . org? We need to keep the information up to date.
as for Lockheed...they play for keeps....period....
I swung out of this.. this week.....GTE is promising and as pagan says....different applications....but I'll buy back in the 1.60 range....no offense intended....
On the other side of the coin....GTE better hurry up and fly this thing for real cuz as I said....LM......plays for keeps....
Posted by Raptorsrule on :
And another thing...just to expound upon my statment. IF.....LMAero wanted too....they could fly a prototype in 3 months.....like it or lump it...but it's true....
Hurry GTE...hurry.
still holding core position.
Posted by imakmony2005 on :
Im out but think next week will have some good swings looking for 1.50-60 to get back in.its been good to me.
Posted by <jps> on :
Looks like we'll have a nice open today...
Posted by <jps> on :
I take it back. Posted by imakmony2005 on :
Great company, just needs more time, it come a long way.
Posted by crusader30 on :
GlobeTel Communications' Shareholders Re-Elect Directors, Approve Proposals Tuesday August 16, 12:18 pm ET
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Aug. 16, 2005--GlobeTel Communications Corp. (AMEX:GTE - News) today announced that its shareholders re-elected the Company's directors and approved all proposals at the Company's 2005 annual meeting held on August 11, 2005 in Fort Lauderdale.
Shareholders re-elected directors, Timothy Huff, Przemyslaw Kostro, Mitch Siegel, Kyle McMahan, Laina Raveedran Greene, and Leigh Coleman. Additionally, proposals to ratify Dohan & Co. CPA's PA as the company's auditors; increase the number of authorized common shares to 150 million; and ratify the 2004 employee stock option plan were all approved.
"We had a very successful shareholder meeting," said GlobeTel CEO Timothy Huff. "Shareholders in attendance saw an in-depth presentation of our Company's business units and an exciting video featuring our high altitude airship, the Stratellite."
In addition to the approval of all Board members and proposals, there were several other notable highlights of the shareholders' meeting.
Todd Siegel demonstrated GlobeTel's new StrateVOIP product that will provide a turnkey solution for telecom companies, ISPs and others to provide Voice Over IP phone service to their customers. GlobeTel's efforts are currently focused internationally, where the market for VOIP is still emerging.
Robert Jones of Sanswire Networks LLC, a wholly owned, privately held, subsidiary of GlobeTel Communications Corp. is the head of the Stratellite project. He discussed the advances in composite materials used in the Stratellite's frame, and other technologies that will be used in the "Technology Demonstrator."
Mr. Jones also discussed letters of intent and agreements in progress with several German consortiums and companies. Sanswire is also in discussions with The Center for Solar Energy and Hydrogen Research in Germany, which is known for its expertise and contribution to solar cell and regenerative energy fuel cell systems.
The advancement in electric motors has also been a key factor for the Technology Demonstrator. The letters of intent together with agreements with several of these well-known companies will enable Sanswire to build a sound, safe, and state of the art, Sanswire 2 composite airframe Technology Demonstrator, which will lead to the Commercial Prototype, Sanswire 3 in the very near future.
Another highlight of the meeting was an overview of the Stored Value card program and its applications, and a roadmap for the go to market strategy. There is significant optimism surrounding this program.
Finally, Centerline Communications' head Joe Monterrosso gave an overview of GlobeTel's carrier sales division and discussed the Company's new Los Angeles facility that is interconnected to every telecom carrier in the world through hubs in Los Angeles and New York. Monterrosso projected that revenues in 2006 could increase to $10 million per month with net margins of 4 to 6% per month.
About GlobeTel Communications Corporation:
GlobeTel Communications Corporation is a diversified Telecommunications and Financial Services Company. GlobeTel Communications Corporation operates business units in Stored Value debit cards, as a certified MasterCard processor, the sale of Carrier grade VOIP of Long Distance to major Long Distance re-sellers, VOIP Technology and development, and high altitude airship research and development. These self contained business units were developed to operate independently of each other. The symbiotic relationship however, provides value to each of the other business units. This strategy offers GlobeTel financial diversity and risk mitigation while striving toward its operating objectives.
Operating on a global basis, GlobeTel has, historically, focused its business development on markets outside of the United States. Current operations and business relationships exist in Asia, Europe, South America, Mexico and the Caribbean.
About Sanswire Networks, LLC:
Sanswire Networks is a wholly owned, privately held, subsidiary of GlobeTel Communications Corporation whose shares are publicly traded under the symbol GTEL.
A Stratellite(TM) is a high-altitude airship that when in place in the stratosphere (approximately 65,000 feet) will provide a stationary platform for transmitting various types of wireless communications services currently transmitted from cell towers and satellites. It is not a balloon or a blimp, but a high-altitude airship with a rigid structure.
The Stratellite is similar to a satellite in concept, but is stationed in the stratosphere rather than in orbit. Existing satellites provide easy "download" capabilities, but because of their high altitude are not practical for commercially viable "two-way" high-speed data communication. The Stratellite will allow subscribers to easily communicate in "both directions" using readily available wireless devices. http://www.sanswire.com Posted by BuyTex on :
yo, click on yahoo alert in my e-mail, got this message:
quote:Removed This article has been removed at the request of the news provider, Business Wire.
Anybody know anything?
Posted by Pagan on :
Tex... A corrected PR was issued to replace the original due to a typo.
Posted by BuyTex on :
well, if somebody woulda bet me, I woulda bet you'd know...so, inconsequential typo or sumpin about OS, etc?
Thanks, Pagan
Posted by vwcruisn on :
the typo had a listing of GTEL instead of GTE
Posted by BuyTex on :
thanks, vw, how ya been? Haven't crossed paths in a while...
(btw, I can see where I would want that corrected--imagine if folks thought, "O no, we reverted to old ticker?" could be a yikes moment...)
Posted by George on :
I am still waiting till 1.70 to get back in.
Posted by George on :
Looks like I will get it today.... 1.69 and dropping... I may wait longer now...
Posted by stockaholic on :
Looks like it's coming down pretty hard today. I was waiting too but I think I'll wait until under 1.60 now. Think there's still a bottom around there? Anyone have L2's on this?
Posted by George on :
The whole trend has sucked since May...glad I got out when I did.. I was afraid too at the time but really did the right thing. We may see 1.60...I am waiting
Posted by George on :
I put an order for 500 at 1.70 just to stick to my original plan.
Posted by George on :
must of been a lot of people looking to get back in at the 1.70's...I might of missed it this time...
Posted by stockaholic on :
Looks that way. I think I'll just stick to 1.70 myself. Looks to be the way to go with this one.
Posted by George on :
They brought it back to fill me....now let's go make some money...
Posted by Thorn on :
What happened? GTE has really been going down lately.
Posted by George on :
quote:Originally posted by Thorn: What happened? GTE has really been going down lately.
Lots of reasons...get caught up at gtel . org
Posted by <jps> on :
Congrats to those who swung this. I missed it!
Posted by imakmony2005 on :
what do you mean you missed it, is the end near, man this stocks been great put your order in at 1.50 - 1.60 and wait then swing with the next move its far from over.
Posted by <jps> on :
I know, but I mean I missed the last swing. I plan to catch the next one.
Posted by <jps> on :
Rebounding this morning...
Posted by George on :
I did what I had planned and bought some at 1.70 Now I wish I got more....
Posted by BuyTex on :
L2s, anybody?
Posted by crusader30 on :
George, I did the same yesterday @1.71.
GTE has been good to me! Posted by George on :
I was hopeing my PLNI would hit this week for 10% so I could move it to GTE in the 1.70 range..
Posted by ehya the fisherman on :
I think it is awful for globetel to have a computer generated image of a stratellite on on their home page, when there are photo's of the actual prototype available.
Posted by ehya the fisherman on :
August 18, 2005 10:55 AM US Eastern Timezone
GlobeTel Wireless enters Asia with HotZone Wireless Networks
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Aug. 18, 2005--GlobeTel Communications Corp. (AMEX:GTE) today announced an agreement to provide a HotZone wireless communication network for a pilot program in Shenzhen, China with Guangdong Tietong South Communication Co. Ltd, a group company of China Tietong Telecom Corporation, one of only 6 licensed telecom operators in China.
Upon successful completion of the pilot program, GlobeTel Wireless and its local Chinese partners will commence a roll out of Wireless Communication Networks throughout China to deliver voice, data and video applications.
The agreement was reached with Nessociet Inc., an organization working towards the development of next generation wireless telephony services and NGN Telecom Corporation, the partner to Guangdong Tietong South Communication Co. Ltd., in marketing VoIP services in China. GlobeTel also announced that Nessociet Inc. has become a reseller of Hotzone Wireless Networks and equipment in Asia.
Mr. Con Unerkov, Chairman of Nessociet Inc. stated, "We are pleased to become part of the GlobeTel Wireless International Partner network, and its vision for deploying terrestrial wireless networks in Asia. These new wireless base stations, with WIMAX, WIFI and other features, enable us to provide high performance applications integrating voice, data and video with mobility."
Mr. Uli Altvater, President of GlobeTel Wireless, stated, "Deploying Hotzone products in China is a significant step in the roll-out of GlobeTel wireless. Our radio technology, that is part of our Stratellite program, has tremendous commercial applications and we are pleased to partner with Guangdong Tietong South Communication Co. Ltd. We look forward to this installation and to the future opportunities available to us. We see this opportunity as a key piece to our product development model."
About Guangdong Tietong South Communications Co., Ltd:
Guangdong Tietong South Communications Co., Ltd is a group company of China Tietong Telecom Corporation, one of the six licensed telecom operators in China. Guangdong Tietong South offers next generation network telecom services in China and operates the largest optic fiber network in China.
With total assets of 42.4 billion RMB (US$5.23 Billion) and a staff of 72,000, China TieTong has established 31 provincial branches (including those located in the autonomous regions, municipalities directly under the Central Government), 316 municipal branches and five holding subsidiaries.
Posted by <jps> on :
Very nice!
Posted by stockvaper on :
Excellent news!! Posted by Edster on :
Nice ride on this one today - got out almost near the top. Will be holding and waiting to see if I can get back in if it drops to the 1.7 - 1.8 range.
Posted by imakmony2005 on :
Free money just hit buy.
Posted by glassman on :
quote:Originally posted by imakmony2005: Free money just hit buy.
some of us are more patient than others...
this one has something for every body, buy and hold or swing...we even datytraded it for awhile earlier this year, and i think we'll all be happy at least right before the first test flight .. if it actually flies? we'll be be even happier... i can't wait for the test flight...it's gonna be an exciting time...
Posted by BuyTex on :
yuk, I was gonna sell some today...at 2.10, when ask was 2.01
they didn't bite...
fine with me ... I got the hammer.
Posted by <jps> on :
Leigh Coleman Takes on New Role, Resigns as Director
August 18, 2005 23:10:01 (ET)
FORT LAUDERDALE, Fla., Aug 18, 2005 (BUSINESS WIRE) -- GlobeTel Communications Corp. (GTE, Trade) today announced that Mr. Leigh Coleman will leave GlobeTel, resigning as a member of the company's board of directors, and become a Global Strategic Partner for all GlobeTel and Sanswire technologies, products and services.
Mr. Coleman stated, "I believe in the products and services offered by my company, and feel I can better serve the interests of shareholders, my family and myself by becoming a partner of the company rather than remaining an employee."
Mr. Coleman will also pursue various opportunities to introduce GlobeTel products into Asia including seeking out joint venture partners for Sanswire.
Mr. Tim Huff, CEO of GlobeTel said, "Mr. Coleman has provided an invaluable service to the company and I wish to thank Leigh for his efforts. We look forward to working with him in his new role."
Mr. Jonathan Leinwand, General Counsel for GlobeTel will replace Mr. Coleman on the board of directors.
Posted by Edster on :
Anyone have a feeling as too when would be a good tiime to buy back into this roller coaster of an "E" ticket ride?
Posted by imakmony2005 on :
This could be the strangest application of WiMax technology yet seen.
Sanswire Networks LLC, a subsidiary of Globetel Communications Corp. is working on a prototype of a massive airship that the firm says will be used to transmit wireless communications at 65,000 feet above the Earth. The company wants to build enough of these to provide a national broadband wireless network -- which, we are told, will likely use WiMax technology -- over the U.S. and parts of Canada and Mexico.
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"Think of it as a big microwave repeater in the sky," says Craig Mathias, an analyst from the Farpoint Group who is familiar with the project.
We were interested to talk to Sanswire about its big wireless balloon, but the company didn't find anyone that could respond to our inquiries about the technology by press time.
"They are very early stage," Mathias notes.
So here's what we've gleaned about the firm's technology from its Website. The prototype airship, which the firm calls a "stratellite", is a 188 foot-long, unmannned, rigid airship, designed to maintain a stable orbit at 13 miles up.
Sanswire says that it will use "proprietary lifting gas technology" to launch the craft, which will be able to cover "approximately 300,000 square miles, an area roughly the size of Texas" once in the stratosphere.
The craft will use solar-powered engines to maintain its position, controlled via GPS from network operations centers on the ground, according to the Website.
But wouldn't the wind at that height move the craft around? Not according to the firm's FAQ.
"A 60 mph wind at 65,000 feet has 1/18 the amount of force that at 60 mph wind at sea level has. It is still moving at 60 mph, but there are 1/18 the molecules in motion. Insofar as force is concerned, it could be said that a 60 mph wind at 65,000 feet would have the same force against the Stratellite as a 3 mile per hour wind would have at sea level."
Farpoint's Mathias says that solar-powered propellors could maintain the ship's position at that height. "It wouldn't take a lot of energy to move it," he opines.
Others have already tried to get this kind of service off the ground, so far without much success. As you might imagine, it is hard to get this kind of network in place and maintain it while competing on price with already established cable and DSL providers.
"At least two other companies have pursued similar ideas. One was SkyStation International; they also intended to use airships," says Mathias. The other is/was Angel Technologies Corp. Angel planned to run an airbournes wireless network using manned planes that would be sent up in shifts. Skystation is now defunct, and Angel hasn't updated its Website since the year 2000.
But Sanswire/GlobeTel says that it is working with NASA on getting the Stratellite aloft. And the company says it has a $50 million deal with the government of Columbia to put five of the airships up over the Latin American nation.
— Dan Jones, Site Editor, Unstrung
Posted by George on :
News for 'GTE' - (GlobeTel Communications Retains KCSA Worldwide As Investor Relations, Public Relations Counsel)
FORT LAUDERDALE, Fla., Aug 22, 2005 (BUSINESS WIRE) -- GlobeTel Communications Corporation (AMEX: GTE) announced today it has retained KCSA Worldwide to implement an integrated investor relations and public relations financial communications program.
Commenting on the appointment, Timothy Huff, chief executive officer of GlobeTel, said, "As we continue to grow our business, and prepare to launch new products and services, including our high-altitude remotely operated airship, or Stratellite, we recognize the importance of proactive communications with our shareholders and other key constituents. This is an exciting time for GlobeTel Communications, and each of its five self-contained business units, as we are well positioned for strong future growth."
Huff continued, "We are in the midst of a very eventful period. Our Centerline Communications subsidiary for wholesale carrier traffic continues its strong performance. The recent installation of our new telecommunications facility in Los Angeles provides increased capacity to carry more than 500 million minutes of traffic per month, enabling us to realize significantly greater revenue and gross profit. This new facility also provides key cross-selling opportunities for our Stored Value Card and other pre-paid programs. In addition to our new money transfer card for use at ATMs and point-of-sale merchant locations, our Stored Value Services will now include low-cost prepaid calling capabilities, effectively combining our phone-to-card services and our card-to-card money remittance services.
"These advancements have enabled us to achieve rapid progress in the development of our Sanswire One and Sanswire Two Airships for advanced two-way, high-speed data communications. Our plan is to secure a strategic partnership to assist in the deployment of our revolutionary Stratellite and capitalize on this multi-million-dollar opportunity. We have also made strides in our new GlobeTel Wireless division to create a Stratellite-ready broadband network and deliver 'triple play' voice, high-speed Internet and video applications on a global basis using our HotZone 4010 wireless base station."
"We believe it is important to actively inform the market of our various accomplishments and plan for long-term success. We look forward to working with KCSA Worldwide with its 36-year-history of communications expertise to increase our visibility and enhance shareholder value," added Huff.
Todd Fromer, managing partner of KCSA Worldwide, said, "We are excited to work with GlobeTel Communications. The company's unique business model, combining innovative technology, products and services across various business units, presents a compelling story with strong growth opportunities. Management has expressed a commitment to its shareholders, and we look forward to providing support to GlobeTel's communications initiatives."
About KCSA Worldwide
Founded in 1969, KCSA Worldwide is a leading New York-based public and investor relations firm with practice areas in public relations, investor relations, corporate and marketing communications, and design and graphics. KCSA is the U.S. partner of European Communication Partners, a network of public relations firms in EEC countries and Canada, and the U.S. member of IR Asia-Pacific Ltd., the world's first network of independent investor relations consultancies. The firm also has strategic alliances in Australia, Israel, Russia and South America.
About GlobeTel Communications Corp.
GlobeTel Communications Corp. is a diversified Telecommunications and Financial Services Company. GlobeTel operates business units in Stored Value debit cards, as a certified MasterCard processor, the sale of Carrier grade VOIP of Long Distance to major Long Distance re-sellers, VOIP Technology, Wireless radio technology and development, and high-altitude airship research and development. These self-contained business units were developed to operate independently of each other. The symbiotic relationship, however, provides value to each of the other business units. This strategy offers GlobeTel financial diversity and risk mitigation while striving toward its operating objectives.
Operating on a global basis, GlobeTel has historically focused its business development on markets outside of the United States. Current operations and business relationships exist in Asia, Europe, South America, Mexico and the Caribbean.
Additional information concerning other areas and topics of GlobeTel can be found on our web site at http://www.GlobeTel.net Posted by TampaInvester on :
Huge Buys in the last 20 mins.
33400 58000 64000 54800
Does someone know something?
Posted by Pagan on :
This may have a spike tomorrow. Keep an eye out for a swing....
Posted by imakmony2005 on :
Im ready but think were still going down to test 1.50- 1.55. lol
Posted by Edster on :
quote:Originally posted by Pagan: This may have a spike tomorrow. Keep an eye out for a swing....
Any specific basis for this Pagan? Hope you are right but it looks like it may be a quiet day in GTE land today.
Posted by Pagan on :
Edster Two things actually...previous chart pattern history. And we seem to have hit a support level in low 1.70's. Usually good for a small/medium spike off support levels in recent history as well.
With some buyside pressure we could see a nice little spike. Right now we are sitting on very little volume, but it does look like it's willing to uptick if some buying pressure comes in IMO.
Posted by imakmony2005 on :
Getting closes. SWING SOON.
Posted by imakmony2005 on :
1.50 -1.60 GET IN.
Posted by imakmony2005 on :
To bad we cant get one up over the flood area man that would send this thing to the moon.
Posted by imakmony2005 on :
OH, and im in on tuesday.
Posted by Pagan on :
I picked up some for a swing today. Hopefully the timing is right Posted by Dustoff101 on :
Ya, I'm thinking the same. I've got to sell some other stock to do so.
I pulled some cash out of my accounts.. Should of known better.
Posted by crusader30 on :
Pagan, I'm right behind you. GTE has been good to me. Posted by ehya the fisherman on :
ehya, I got in again at $1.52. I've never lost any money on GTE or GTEL. They have been good to me.
Like Pagan I hope this is the entry point. Anyway this is a swing stock right now. Long term it's a major winner. But I've tripled my core investment after the split.
GTE has been good to me! Posted by imakmony2005 on :
well,im back in mid 1.55 and will buy more if we keep going down, if, i say its time to buy,and yes i will swing it if its needed but im looking for 2.20-30 as my exit. good luck all. o look at BUGS man great daytrade to day.
Posted by crusader30 on :
imakmony2005, your entry into GTE is OK, but beware of BUGS. I was in BUGS when the CEO was the Republican Man of the Year. I made money. But it's really a risky move. BEWARE.
Posted by Pagan on :
Added a bit more to my swing position. I'm looking for $2 as an exit...but may hold past $2 with an exit at $2.25 if there is a signifigant PR/volume spike.
Posted by R1Man on :
Whats the deal with this stock....$1.43 now. I don't see any news that should make this drop like this. Any thoughts?? I keep buying more and more.....almost 70% invested in this one now. But again, why the drop???
Posted by imakmony2005 on :
Thanks Crusader, it was just a one day deal that went right, i was in and out that day. Now whats up with GTE man got stoped out fast still like the company, no news? may play it in the morning again.
Posted by crusader30 on :
A number of us have been playing GTE for the swings. Before and after the stock split. It's dropped .09 since my last in. But it'll still swing. The trick is to be in when the strat flies. Posted by Edster on :
Huge drop yesterday on very large volume (1.3 million shares). Did not hear of any negative news. Something must be in the works somewhere to cause this large a drop. There are no support levels below the 1.43 level so further drop is highly likely.
Posted by jordanreed on :
good lord- this is painful. we need that strat to fly.
Posted by <jps> on :
This thing is being played hard! I'm still holding my core (bought in around $3.90!!) and plan to make money off of it still. But watching it drop this far is pretty painful for the bank account!
But I still believe this company will make the strat fly and we will receive our reward.
Posted by Pagan on :
I actually added some to my long position today. Right now the SP is at 30% of the 52 week high. And the S2, from all indications, is still on schedule for flight before end of year. And I'd look for some substantial PR's in the near future. Substantial PR's in the offing were alluded to at the SHM. JMHO
Posted by ehya the fisherman on :
I dont understand why on their site they still have that ridiculous rendering of a stratellite on their home page. At the very least they could replace it with a picture of the Sanswire one. I dont think anybody could take that rendering seriously.
Posted by Edster on :
Looks like another DOWN day here on large volume. Looks like a 1.30 EOD is within possibility. Hope to get some price support here soon but at these recent volume levels we may not see a bottom anytime soon.
Posted by Pagan on :
(BSNS WIRE) GobeTel Announces Letter of Intent with Kashiwabara Token Corporation of Japan; Joint Venture Calls for Establishment of Broadband Wireless Network in Japan
Business Editors / Technology Editors
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Sept. 8, 2005-- GlobeTel Communications Corp. (Amex: GTE) today announced that its subsidiary, Sanswire Networks LLC, has signed a Letter of Intent (LOI) with Kashiwabara Token Corporation of Iwakuni City, Japan, to enter a joint venture in the establishment of a terrestrial ground-based wireless broadband and communications system, a prelude to the deployment of the Sanswire Stratellite Airship broadband network in Japan. Kashiwabara Token Corporation holds a controlling interest of a major cell phone system in the Hiroshima and Yamaguchi prefectures as well as the ICAN Cable television system in Japan. The Corporation has more than 2,000 employees at 50 locations throughout Japan. Bob Jones, President of Sanswire LLC, said, "The key to this relationship is that Kashiwabara Token Corporation already has the cellular and cable infrastructure that enables us immediately to deploy our ground-based broadband wireless system that is designed to seamlessly integrate with the Stratellite. The location of Iwakuni City is a perfect starting point for Japan with U.S. Marines stationed at Iwakuni Marine Corp Air Station, who also will benefit from our wireless broadband system." "I am very excited about the advanced wireless technology that Mr. Bob Jones, President of Sanswire, has brought to our company. GlobeTel Communication Corporation's advanced wireless technology and Stratellite airship will enable us to connect the whole of Japan in the near future. My vision is to connect all of Japan wirelessly and work together as a partner with GlobeTel to connect with the rest of the world," stated Mr. Shinji Kashiwabara, President of Kashiwabara Token Corporation and its subsidiary. Mr. Uli Altvater, President of GlobeTel Wireless, a subsidiary of GlobeTel Communications Corporation, stated, "I am excited to be able to roll out our new combined WLAN, PHS/DECT infrastructure in Japan. This is the most advanced integrated wireless voice and data solution, and Iwakuni City will be the first city in Japan to benefit from this advanced technology." Timothy Huff, Chief Executive Officer of GlobeTel, commented that GlobeTel's innovative approach in bringing the right company to the table provides GlobeTel with "a competitive edge" over other companies. "I am very pleased to work with such a well respected company as Kashiwabara Token Corporation of Japan given the financial backing and infrastructure already in place to deploy our broadband wireless system in the very near future and look forward to a long business relationship," he added. Mr. Bob Jones and Mr. Uli Altvater will work closely with Mr. Kashiwabara of Kashiwabara Token Corporation to deploy GlobeTel Wireless to Japan. A Stratellite is similar to a satellite, but is stationed in the stratosphere rather than in orbit. At an altitude of 10 to 13 miles above the Earth, each Stratellite will have clear line-of-sight communications capability to an entire major metropolitan area as well as being able to provide coverage across major rural areas. Several Stratellites linked together could cover many hundreds of thousands of square miles. The Stratellite will allow subscribers to easily communicate in "both directions" using readily available wireless devices. In addition to voice and data, proposed telecommunications uses include cellular, 3G/4G mobile, MMDS, paging, fixed wireless telephony, HDTV, real-time surveillance and others.
About GlobeTel Communications Corp.
GlobeTel Communications Corp. is a diversified Telecommunications and Financial Services company. GlobeTel operates business units in Stored Value debit cards, as a certified MasterCard processor; the sale of carrier-grade VOIP of long distance to major long-distance re-sellers, VOIP technology, wireless radio technology and development, and high-altitude airship research and development. These self-contained business units were developed to operate independently of each other. The symbiotic relationship, however, provides value to each of the other business units. This strategy offers GlobeTel financial diversity and risk mitigation while striving toward its operating objectives. Operating on a global basis, GlobeTel has historically focused its business development on markets outside of the United States. Current operations and business relationships exist in Asia, Europe, South America, Mexico and the Caribbean. For more information, please go to http://www.sanswire.com or http://www.globetel.net. Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act. The words: "forecast", "project", "intend", "expect", "should", "would", and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements. The above are more fully discussed in the Company's SEC filings. GlobeTel and its strategy for launching the Stratellite may vary as conditions and technology changes. There is the possibility that parts of the process may change or be delayed. While GlobeTel plans for the success of the airship, there is no guarantee that it will achieve any or all of its objectives. Any reference within this release that refers or implies a forward-looking statement, is herewith incorporated into this Safe Harbor language.
Posted by stockaholic on :
Awesome!! Back in at 1.53
Posted by TampaInvester on :
This should be huge news. I am in
Posted by stockaholic on :
That's really some of the best news I've heard from them in a long time. Could be huge revnues. Don't know why it's not moving up. I guess it's not going to jump again until that strat flys.
Posted by imakmony2005 on :
Wow back in and want to swing.
Posted by sharkone on :
Back down to $1.40....is this ever going back up? Any news from Globetel on the progress of the stratellite? Anxious minds want to know.
Shark
Posted by sharkone on :
Pre-market down to $1.30...is it going any lower...it is worth buying in again, and averaging down my original insvestment?
Shark
Posted by <jps> on :
I'm still holding my core, and will buy in again once it starts heading up. It will start heading up again, don't worry! We just have to be patient.
Posted by imakmony2005 on :
buy buy buy.
Posted by <jps> on :
Looks like it found some support. It might start going up finally.
Posted by <jps> on :
I'm in now at 1.43.
Posted by imakmony2005 on :
nice, cant make money if you dont take profits.
Posted by <jps> on :
Can't make money if it doesn't go up, either. Posted by jordanreed on :
if you look at a month chart, you will see that it is heading back to where it was last oct. -- around 1.00. once the strat flies then this will go crazy. until then we will continue on this downward trend. just my take on it--of course with the usual ups and downs along the way
Posted by imakmony2005 on :
sure you can short it, play both ways buy it and sell it keep the winner, and take your loses,and your profits
Posted by Pagan on :
GlobeTel Communications Appoints Sir Christopher Meyer, KCMG, As Chairman of the Board; Former U.K. Ambassador to U.S. Strengthens Global Partnership Opportunities via COMTEX
September 16, 2005
FORT LAUDERDALE, Fla., Sep 16, 2005 (BUSINESS WIRE) --
GlobeTel Communications Corp. (AMEX: GTE) today announced it has named Sir Christopher Meyer, KCMG, as Chairman of its Board of Directors. The appointment of Sir Christopher, 61, increases the number of independent Directors to three among a total of seven Board members.
Until recently the UK ambassador to the United States, Sir Christopher has joined the private sector after a lifetime of highly distinguished service in the U.K. Diplomatic Corps and U.K. Government Service. He served as U.K. Ambassador to the U.S. for approximately seven years until his retirement in 2003. In 1988, he was made Knight Commander, Order of St. Michael and St. George (KCMG).
"We are honored and excited that Sir Christopher, after a period of detailed due diligence, has agreed to serve as our Chairman, and invest his decades of exceptional geo-political and trade-related experience as we advance our global development," said Timothy Huff, GlobeTel's Chief Executive Officer. "We believe that Sir Christopher's exceptional reputation for intelligence, integrity and long-term relationships around the world will attract an array of strong strategic partnerships enabling GlobeTel to optimize the potential of its revolutionary communications technology."
Upon graduating from Cambridge University in the U.K. in 1966 and, subsequently, from the Paul Nitze School of Advanced International Studies in Bologna, Italy, Sir Christopher joined the British Diplomatic Service where he quickly rose through the ranks through a succession of increasingly responsible positions in key countries around the world, starting in Moscow, and then Madrid and later, in London, where he served as Head of the Soviet Section of the Foreign Office. He then became Chief Speech Writer to the Foreign Secretary, working for three Foreign Secretaries: Lord James Callaghan (later Prime Minister); Anthony Crosland; and Lord David Owen.
From there, Sir Christopher was posted to Brussels where he was active in the UK's representation to the European Union (EU) specializing in trade policy and later returned to Moscow in 1982 as Political Counselor. Upon returning to London, he was appointed to the position of Foreign Office Spokesman and Press Secretary to the Foreign Secretary (similar to the U.S. Secretary of State), later Lord Geoffrey Howe of Aberavon.
From 1988-1989, Sir Christopher was a Visiting Fellow at Harvard University's Centre for International Affairs and, upon completion, was named Minister for Trade Policy in Washington D.C. Shortly thereafter, he was appointed Deputy Head of Mission at the Embassy in Washington.
Upon returning to London, he served two years as Government Spokesman and Press Secretary to then-Prime Minister, John Major, prior to his appointment as U.K. Ambassador to the Federal Republic of Germany in Bonn. In 1997, Sir Christopher was appointed Ambassador to the U.S., the most senior position in the U.K. Diplomatic Service, where he served until 2003, the longest single tenure since World War II.
Since his retirement from diplomatic service in 2003, Sir Christopher has served as Chairman of the U.K. Press Complaints Commission (PCC) and has joined the Boards of several U.K.-based companies. In his role as Chairman of the PCC, he has had the opportunity to interface with many of the global leaders of the media and communications industry and has developed a keen sense of the rapidly changing nature of the world of communications.
Sir Christopher commented, "I am delighted to be coming aboard GlobeTel. It is one of the most exciting companies that I have encountered in the last few years. GlobeTel is at the cutting edge of some of the most exciting technologies of our times in advanced wireless communications, financial services and aerospace. The company's particular strength is that these technologies are both converging and mutually reinforcing. It is extraordinarily well positioned to take commercial advantage on a global basis of its technological excellence. There is not a country in the world which will not benefit from the application of GlobeTel's technology and products. My role, with a new Board of directors, will be above all to help GlobeTel realize to the full its vast and exciting potential."
About GlobeTel Communications Corp:
GlobeTel is a diversified, global Telecommunications and Financial Services Company. GlobeTel operates business units in (i) Stored Value & Remittance Cards as a MasterCard certified processor (ii) VoIP Carrier Grade Long Distance Services to major long-distance companies (iii) VoIP development, technology and equipment manufacturing (iv) advanced WiMax services utilizing GlobeTel's proprietary "Hotzone" technology and (v) the development, manufacturing, marketing and provision of near-space platforms known as Stratellites which will soon seamlessly integrate all of GlobeTel's communications and financial services technologies around the world. For more information, please go to http://www.GlobeTel.net.
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act. The words: "forecast", "project", "intend", "expect", "should", "would", and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements. The above are more fully discussed in the Company's SEC filings. GlobeTel and its strategy for launching the Stratellite may vary as conditions and technology changes. There is the possibility that parts of the process may change or be delayed. While GlobeTel plans for the success of the airship, there is no guarantee that it will achieve any or all of its objectives. Any reference within this release that refers or implies a forward-looking statement, is herewith incorporated into this Safe Harbor language.
Posted by Pagan on :
Interesting trades this AM. Be on the lookout for further substantial PR's soon. Somebody paid a $.25 premium above yesterday's close to pick up 300,000 shares this morning.
9:30:06 AM Trade 1.63 213500 Buy
9:30:12 AM Trade 1.63 87200 Buy
Posted by Pagan on :
About 1.2MM in volume and in the green.
Posted by R1Man on :
quote:Originally posted by Pagan: Interesting trades this AM. Be on the lookout for further substantial PR's soon. Somebody paid a $.25 premium above yesterday's close to pick up 300,000 shares this morning.
9:30:06 AM Trade 1.63 213500 Buy
9:30:12 AM Trade 1.63 87200 Buy
Interesting.....
Posted by imakmony2005 on :
BAMM OUT GOS THE LIGHTS. BACK IN 1.05-9
Posted by JHenry on :
I'm back in. I got a "partial trade" executed at $1.30 for 1400 shares. Tried for 2000 shares, got most of it. Looking for a jump up tomorrow.
Posted by sharkone on :
Still going down...ouch.
Posted by B-Man on :
Is there any news on test Flights? We need a little boost!
Posted by crusader30 on :
My watch list has GTE on Ignore. Of course if you're a swinger like me looking for a bottom is not a bad thing. Posted by B-Man on :
I Know what you mean my last message board gave gte up, and stopped talking about them. Iam still in the game just waiting to play. I moved over here to talk to fellow sanswire followers, Good or bad.
Posted by Pagan on :
New website up and running. Nice improvement over previous website.
How low is this going today? The chart doesn't look good and the lack of news from the company is quite un-nerving.
Posted by <jps> on :
Their new website is nice. Builds some confidence too.
Posted by JHenry on :
Picked up another 1400 shares at 1.16 to average down my overall to 1.23. I keep asking myself - how could it get any lower than this... (don't answer that). I still think these are great prices.
Posted by <Tin Man> on :
Could this stock fall of the AMEX board back to the OTCC? Its almost getting to be a Penny stock
Posted by Peaser01 on :
Any stock under $5 is considered a penny stock. There's no telling how far this will drop to. Could go down to pre-Reverse split price. It seems that the strat is no-wheres near ready to fly as they don't have all the parts in place yet as far as I can tell. News on the strat should bring in some buyers.
Posted by DENSKIJR on :
Hey peaser are you in this one I've had it on my watch list for over a year never traded it but now it down to almost to where glass first intriduced it at .06 pre split? what is your take on it
Posted by Peaser01 on :
Not in. I'm thinking about getting back in around Jan. '06. If good news breaks on the Strat though, this will scream.
Posted by ehya the fisherman on :
There new site is a great improvement.
Posted by ehya the fisherman on :
I've never seen such a big link(top right corner)on a site, dedicated to investors. They must be expecting a lot of inquiry soon.
Posted by R1Man on :
I have been wondering the same. I been buying it with my 401k....got about $9,000 invested....and only worth about $7,000 now. When will it end......????
Posted by Pagan on :
GlobeTel Communications Projects Record Revenue For 2005 Third Quarter; Company Provides Update on Current Business Activities and Recent Developments FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Sept. 23, 2005--GlobeTel Communications Corp. (AMEX:GTE) today announced it expects to achieve record revenue of approximately $22 million for the third quarter ending September 30, 2005, an expected 193% increase from the third quarter last year.
Timothy Huff, GlobeTel Chief Executive Officer, said, "Our anticipated record revenue for the 2005 third quarter reflects the significant progress management has made in the execution of our strategic business plan. We currently have record cash on hand, our top line is growing along with our margins, we are hiring key personnel around the globe as our five business units continue to expand, and we have had a prominent international figure recently sign on as our new Chairman of the Board. In addition, our technology in our SIP-based products, Magic Money, GlobeTel Wireless and Sanswire, continues to improve and stay ahead of the 'tech' curve, effectively strengthening our commercial prospects with various government and commercial entities.
"For the fiscal 2005 fourth quarter, we anticipate gross margins in the range of 3%-5%. The relocation of our new telecommunications facility in Los Angeles, completed in August, will significantly improve gross margins as we now handle carrier traffic through our own network as opposed to using a third party."
Mr. Huff concluded, "I would like to state clearly to our 35,000-plus shareholders that GlobeTel has never been in a better position to realize substantial long-term growth than it is right now. Many shareholders have asked why then has GlobeTel's recent stock performance been so inconsistent with the company's positive growth trends. While it is difficult to attribute stock movement to any one factor, the fact remains GlobeTel's short position has climbed to approximately 3.4 million shares. We believe we are the target of certain market makers that use our stock as a short-term instrument for profit at the expense of our long-term investors who believe in our company's vision. We are confident the activities of our company will enhance shareholder value, leading to less volatility and greater market appreciation. GlobeTel's fundamentals remain sound as the company continues to perform. We firmly believe our future is bright and look forward to reporting third quarter results toward the end of next month and providing future updates on our Stratellite program, as well as other corporate developments, as they become available."
About GlobeTel Communications Corp.
GlobeTel is a diversified, global Telecommunications and Financial Services Company. GlobeTel operates business units in (i) Stored Value & Remittance Cards as a MasterCard certified processor (ii) VoIP Carrier Grade Long Distance Services to major long-distance companies (iii) VoIP development, technology and equipment manufacturing (iv) advanced WiMax services utilizing GlobeTel's proprietary "Hotzone" technology and (v) the development, manufacturing, marketing and provision of near-space platforms known as Stratellites which will soon seamlessly integrate all of GlobeTel's communications and financial services technologies around the world.
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act. The words: "forecast", "project", "intend", "expect", "should", "would", and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements. The above are more fully discussed in the Company's SEC filings. GlobeTel and its strategy for launching the Stratellite may vary as conditions and technology changes. There is the possibility that parts of the process may change or be delayed. While GlobeTel plans for the success of the airship, there is no guarantee that it will achieve any or all of its objectives. Any reference within this release that refers or implies a forward-looking statement, is herewith incorporated into this Safe Harbor language.
Posted by R1Man on :
Pagan......great news. I hope....and I don't hope it boosts the stock. I'd like to see it skyrocket.....but I'm still dumping money into it.....$11,000 so far.....anyways, nice update!!!
Posted by TampaInvester on :
damm about time this move...should hit 2.00 today
Posted by R1Man on :
Wow....its taking off pretty fast!!!
$1.50 now. Opened at $1.17.....up 28%.
ok...can't post fast enough.....$1.57
Posted by stockaholic on :
That news is movin this pretty good. Can you imagine what kind of strat revs they will be reporting once that gets off the ground? : )
Posted by R1Man on :
That is why I got $11,000 invested.
Posted by R1Man on :
I think it will close around $1.43....any other guesses???
Posted by TampaInvester on :
ok spoke too soon...if this news does not move this then I can only see it run after the strat gets off the ground..whenever that is? Everybody is probably sick of all the "other" news and no news on the strat
Posted by Pagan on :
Sweet swings today. Held up at EOD with a nice close @1.51 UP $.28
Posted by JHenry on :
Show me the money $$$ - sold today. Will wait for the next dip and hop back on.
Posted by Dustoff101 on :
Man, you guys swinging this thing should be happy with your cash machine...
It's really turning into a no-brainer.. Everytime recently it bottoms I am off doing sumpin else..From now on I putting some cash aside for GTE..
Posted by <jps> on :
GlobeTel Communications Requests Trading Review to Protect Shareholder Value
September 27, 2005 08:30:08 (ET)
FORT LAUDERDALE, Fla., Sep 27, 2005 (BUSINESS WIRE) -- GlobeTel Communications Corp. (GTE, Trade) today announced that in response from a request from the Company, the American Stock Exchange will refer the request for review of possible market manipulation by market participants trading the Company's stock off the Exchange.
The Company has expressed its concern to the American Stock Exchange that certain market participants trading off the Exchange have been using various methods to affect the price of the Company's shares. The Exchange has notified the Company that the matter has been referred to the appropriate internal and external regulatory authorities.
GlobeTel CEO Timothy Huff commented "There should be no doubt that we will pursue all avenues to assure that GlobeTel shares trade in a market free from manipulation and that all market participants trade according to the regulations. These actions will not be tolerated."
As the progress and results of this type of review are not made public by the reviewing organization, GlobeTel will not be able to provide shareholders with any additional information or updates
Posted by podcaster on :
GTEL / GTE === JUST A HEADS-UP TO ALL... this one may or may not be a good play.... i'll probably be dropping by during October to see how it's doing... and i'll be commenting on how mm's are reacting to boycott... i'm rooting for you if you're successfully playing it, since that hurts the mm's ... i'm also rooting for you if you're in on the october A-G boycott october boycott thread on this board good luck to you! Posted by stockaholic on :
yes, please stop back by and let us know how the mm's are handling that Posted by ehya the fisherman on :
showed a nice turn up at the end today
Posted by PENNY PIRATE on :
Looks like Mr.Huff has taken care of business. We should start climbing back to where we belong now. Some more good news about our core business or even better news about our STRAT will really get this moving above $2.00 again. I say this is bottom now. Keep the faith and GLTYA!
Posted by George on :
Is anyone interested in taking over the www . gtel . org website? I am running myself too thin to keep up all the web sites I have. It is easy to do and I will keep providing the web server space for as long as it remains about GTE. I will also be avalaible to help if needed. I will give full access and rights to do what you want with it. I think it is a great tool as is for people looking for research on this great project. If nothing else it is a great way to start and learn about web developement. It is using xoops. Let me know.
George
Posted by sharkone on :
I wrote an e-mail to investor relations at Globetel, three days ago and never heard back from them. I asked them if there were any updates on the stratellite launch. Does anyone have any news and updates?
Shark
Posted by imakmony2005 on :
BACK IN AT 1.05-09. ITS COMING.
Posted by Pagan on :
Global Crossing to Power GlobeTel's VoIP Solution for Calls to Latin America and Caribbean
* GlobeTel will leverage Global Crossing's network to offer international service providers a turnkey carrier class VoIP solution * With Global Crossing's IP solutions, GlobeTel will provide global reach, as well as maximum quality, protection and value to its customers.
MIAMI, Oct 06, 2005 /PRNewswire-FirstCall via COMTEX/ -- Global Crossing (Nasdaq: GLBC) announced today that GlobeTel Communications Corporation (Amex: GTE) has selected its integrated, global IP-based network to offer international cable companies and Internet Service Providers (ISPs) a completely customizable Voice over IP (VoIP) solution for clients located in Latin America and the Caribbean. Starting in October 2005, GlobeTel, a diversified telecommunications and financial services company with headquarters in southern Florida, will use Global Crossing IP Transit(TM), Global Crossing VoIP Local Service(TM) and Global Crossing VoIP Outbound(TM) to provide international service providers with end-to-end VoIP from anywhere in the United States to Argentina, Brazil, Bolivia, Colombia, Mexico, Peru and the entire Caribbean.
"We selected Global Crossing to launch our turnkey VoIP solution for international service providers because of its network's extensive reach, as well as its reputation for industry-leading technology, reliability and security," said Timothy Huff, chief executive officer of GlobeTel. "IP technology is the basis for new, powerful voice applications that will drive the future of telephony, and with Global Crossing as our partner, we're confident that we'll be able to maximize the benefits of voice over IP."
Global Crossing was the first provider to deploy a global MPLS-based IP network and continues to innovate its technology. Global Crossing was also the first to deploy a global MPLS-based IP-VPN and a global MPLS-based VoIP network. The network's MPLS-based platform enables Global Crossing to deliver converged IP services and IP applications over a single network. In addition, business information firm iLocus recognized Global Crossing as the leading National VoIP Transport Provider in its Global VoIP Market 2004 study.
"We're delighted GlobeTel selected Global Crossing to power its VoIP platform for service providers in Latin America and the Caribbean," said Dale Miller, senior vice president of carrier sales, Latin America and the Caribbean. "VoIP telephony requires expertise and depth of product knowledge to ensure success. That's why companies such as GlobeTel partner with Global Crossing."
Global Crossing VoIP Local Service will provide GlobeTel's customers local numbers in the United States that end-users can dial at no charge. With Global Crossing IP Transit, calls to these numbers will be routed to Global Crossing's VoIP network through an IP-based connection. Global Crossing VoIP Outbound will then transport the packet-based voice traffic to Latin America and the Caribbean and complete the call.
Global Crossing has built one of the world's most extensive integrated voice networks. By providing a dedicated connection and transporting calls across a secure, private backbone, the company ensures its voice traffic receives maximum protection. VoIP packets are given highest priority in Global Crossing's IP backbone, which translates into reliable, carrier-quality service with minimized latency, packet loss and jitter, as well as call quality that is even and predictable.
Posted by NaturalResources on :
quote:Originally posted by Pagan: Global Crossing to Power GlobeTel's VoIP Solution for Calls to Latin America and Caribbean
This stock better do something soon or I'm hitting the sell button.
Posted by Pagan on :
GlobeTel Communications Corp. to Unveil the Ultimate Turnkey VoIP Solution for Service Providers at the ISPCON Conference and Expo in Santa Clara, October 18-20, 2005
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Oct. 7, 2005--GlobeTel Communications Corp. (AMEX: GTE), a diversified, global Telecommunications and Financial Services Company, is proud to announce the launch of the most flexible, private-label consumer VoIP platform designed and built specifically for service providers.
The completely customizable solution known as StrateVoIP (www.StrateVoIP.com) provides everything required to turn an existing service provider into a leader in VoIP technology without the usual obstacles involved in building out a carrier-class VoIP platform.
StrateVoIP is a private-label solution designed for ISPs, cable companies, telcos, and all other providers desiring to offer VoIP services to their local markets.
The StrateVoIP platform is operated by GlobeTel's proprietary VoIP software package, which allows clients to design and architect completely customized calling packages to fit the needs of their specific local markets.
StrateVoIP's customizable platform provides real time, web-based functionality to set up custom calling plans by country or region with customized rate management for profitability control.
The consumer experience is powered by Linksys VoIP hardware and is completely plug and play, while providing advanced calling features such as real-time accounting, web and email-based voicemail, and global "follow-me" services.
"GlobeTel is developing and deploying truly innovative and revolutionary technologies, which will change how people communicate on a global basis," commented Timothy Huff, GlobeTel's Chief Executive Officer. "The ISPCON Fall 2005 conference offers an excellent opportunity to introduce and demonstrate our cutting-edge product and service offerings, which include wireless communications through our SuperHub(TM) Network and Hotzone products; and our in-development high-altitude wireless broadband network system. Our Company's StrateVoIP and GlobeTel VoIP platforms present strong opportunities for telecom-related service providers, including carriers, telcos, ISPs and cable companies."
GlobeTel is a diversified, global telecommunications and financial services company. GlobeTel operates business units in (i) stored value & remittance cards as a MasterCard-certified processor; (ii) VoIP carrier-grade, long-distance services to major long-distance companies; (iii) VoIP development, technology and equipment manufacturing; (iv) advanced WiMax services utilizing GlobeTel's proprietary "Hotzone" technology; and (v) the development, manufacturing, marketing and provision of near-space platforms known as Stratellites, which will soon seamlessly integrate all of GlobeTel's communications and financial services technologies around the world.
We are delighted to introduce this technology at the upcoming ISPCON conference. ISPCON Fall 2005 will focus on providing insight on business opportunities in the entire Internet services industry, including VoIP and WiMAX offerings, web hosting and online application services. It is considered the Internet industry's foremost event for technology and service innovation -- identifying trends as they develop into the next must-have services for businesses and consumers. The event features a massive conference, keynote speakers, networking EXCHANGE sessions and open forum discussions alongside a trade show floor with over 120 exhibitors.
Please visit GlobeTel and the GlobeTel VoIP team at Booth 219 during the ISPCON Conference and Expo in Santa Clara Oct 18-20, 2005
Posted by <Mosas> on :
Military Officials to Witness Flight of Sanswire's Military Prototype Airship Tuesday October 11, 9:43 am ET
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Oct. 11, 2005--GlobeTel Communications Corp. (Amex: GTE - News) today announced that its wholly owned subsidiary, Sanswire Networks LLC, has given access to selected Department of Defense and other invited government officials to witness the initial flight of its special, high altitude, military prototype airship. The prototype is Sanswire's tailored response to requirements, which have been defined by the U.S. military in recent months with respect to specific missions. ADVERTISEMENT
"Working closely with our DoD customers to meet critical military and government needs is a key growth strategy for Sanswire", said Bob Jones, President of Sanswire LLC. Mr. Jones further commented that "Our aggressive approach to resource gathering and rapid internal cross-pollination has enabled us to assemble, and will allow us to deliver, this unique military prototype to these highly valued customers in record time. Sanswire's uniquely integrated approach to definition, design and development has given Sanswire a great competitive advantage in the race to deliver a highly functional military airship system, which will meet or exceed the stringent demands of the Department of Defense. In this regard, Sanswire is uniquely positioned, as a leader in the design, development and deployment of near space vehicles. This classified demonstration will further reinforce the competitive advantages of our technology and our delivery systems and shows our commitment toward providing the United States Government with its product significantly ahead of any other competitor."
Timothy Huff, Chief Executive Officer of GlobeTel commented "We are very pleased to have the opportunity to demonstrate and fly our military airship prototype during the next few weeks. Sanswire and the military design team have repeatedly proven themselves to be highly adept at meeting the complex operational requirements of Sanswire's military customers." Because of the military nature of the system, this event is not open to the public, and we will not be able to update the public on certain aspects of the airship program.
Bob Jones, president of Sanswire Networks LLC., further commented, "We are very pleased with the relationships that we have developed in the building of our Stratellite program. These relationships and the technology gained as a result from them have allowed the Company to utilize new and cutting edge technology, increase production capacity, increase overall performance and continue our accelerated commercialization of the high altitude airship program." Mr. Jones went on to say, "This demonstration in no way defers our progress on our commercial airship, Sanswire III. Sanswire II, our technology demonstrator, is under construction at our Palmdale facility in California and we are working aggressively to complete Sanswire II, pending the delivery of the Guidance, Navigation and Control Computer System (CCS) and the Safety Control System (SCS)."
About GlobeTel
GlobeTel is a diversified, global Telecommunications and Financial Services Company. GlobeTel operates business units in (i) Stored Value & Remittance Cards as a MasterCard certified processor (ii) VoIP Carrier Grade Long Distance Services to major long-distance companies (iii) VoIP development, technology and equipment manufacturing (iv) advanced WiMax services utilizing GlobeTel's proprietary "Hotzone" technology and (v) the development, manufacturing, marketing and provision of near-space platforms known as Stratellites which will soon seamlessly integrate all of GlobeTel's communications and financial services technologies around the world. For more information, please go to http://www.GlobeTel.net or www.Sanswire.com. Posted by Pagan on :
Military Officials to Witness Flight of Sanswire's Military Prototype Airship
FORT LAUDERDALE, Fla., Oct 11, 2005 (BUSINESS WIRE) -- GlobeTel Communications Corp. (Amex: GTE) today announced that its wholly owned subsidiary, Sanswire Networks LLC, has given access to selected Department of Defense and other invited government officials to witness the initial flight of its special, high altitude, military prototype airship. The prototype is Sanswire's tailored response to requirements, which have been defined by the U.S. military in recent months with respect to specific missions.
"Working closely with our DoD customers to meet critical military and government needs is a key growth strategy for Sanswire", said Bob Jones, President of Sanswire LLC. Mr. Jones further commented that "Our aggressive approach to resource gathering and rapid internal cross-pollination has enabled us to assemble, and will allow us to deliver, this unique military prototype to these highly valued customers in record time. Sanswire's uniquely integrated approach to definition, design and development has given Sanswire a great competitive advantage in the race to deliver a highly functional military airship system, which will meet or exceed the stringent demands of the Department of Defense. In this regard, Sanswire is uniquely positioned, as a leader in the design, development and deployment of near space vehicles. This classified demonstration will further reinforce the competitive advantages of our technology and our delivery systems and shows our commitment toward providing the United States Government with its product significantly ahead of any other competitor."
Timothy Huff, Chief Executive Officer of GlobeTel commented "We are very pleased to have the opportunity to demonstrate and fly our military airship prototype during the next few weeks. Sanswire and the military design team have repeatedly proven themselves to be highly adept at meeting the complex operational requirements of Sanswire's military customers." Because of the military nature of the system, this event is not open to the public, and we will not be able to update the public on certain aspects of the airship program.
Bob Jones, president of Sanswire Networks LLC., further commented, "We are very pleased with the relationships that we have developed in the building of our Stratellite program. These relationships and the technology gained as a result from them have allowed the Company to utilize new and cutting edge technology, increase production capacity, increase overall performance and continue our accelerated commercialization of the high altitude airship program." Mr. Jones went on to say, "This demonstration in no way defers our progress on our commercial airship, Sanswire III. Sanswire II, our technology demonstrator, is under construction at our Palmdale facility in California and we are working aggressively to complete Sanswire II, pending the delivery of the Guidance, Navigation and Control Computer System (CCS) and the Safety Control System (SCS)."
Posted by <Mosas> on :
Finally some solid news!!!
Posted by Edster on :
Does this mean that we can expect the first flight in the very near future?
Posted by Pagan on :
From what I gather from the PR it would seem that GTE has been developing a military version of the strat that was built to military specs and is ready for flight testing.
Also noted from the PR that Sanswire 2 tech demonstrator is complete, save for "delivery of the Guidance, Navigation and Control Computer System (CCS) and the Safety Control System (SCS)."
Posted by George on :
Anytime now.....nice run today on the news...I will be getting back ini this one soon....stay up to date with gtel . org....
Posted by ladybird on :
Pagan, I remember Lockheed having some type of airship and signing a contract with the military In August. Do you know if that airship is the same as the stratellite? Does it offer the same type services?
Also, It appears that Sanswire has been actively pursuing the mlitary and that could be the reason why news releases have been so limited.
"Our aggressive approach to resource gathering and rapid internal cross-pollination has enabled us to assemble, and will allow us to deliver, this unique military prototype to these highly valued customers in record time. Sanswire's uniquely integrated approach to definition, design and development has given Sanswire a great competitive advantage in the race to deliver a highly functional military airship system, which will meet or exceed the stringent demands of the Department of Defense. In this regard, Sanswire is uniquely positioned, as a leader in the design, development and deployment of near space vehicles. This classified demonstration will further reinforce the competitive advantages of our technology and our delivery systems and shows our commitment toward providing the United States Government with its product significantly ahead of any other competitor."
"Resource gathering and rapid internal cross-pollination?" LOL What the hell does that mean? However, "competetive advantage in the RACE to provide a military airship" has my attention as does "classified demonstration."
I don't know. Either Sanswire is handing out common standard BS or they're just about peeing their pants over what they're going to show the military.
Posted by George on :
They do not BS so you can believe it. Lockheed does have a current contract to develope a prototype. It has been in the work for years. GTE has been able to shoew them that they can get one flying sooner. You can find the whole history at the web site gtel . org.
Posted by Marcus on :
Nice run so far currently at 1.53... At least it's going to fly soon... Since it's not open to the public we may not get the results for a while and maybe just a short run for the time being....
Posted by jordanreed on :
just need to pop that res at 1.63.
Posted by Pagan on :
GlobeTel Announces Formal Agreement with TAO-Technologies in Cooperation with the University of Stuttgart of Germany
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Oct. 12, 2005--GlobeTel Communications Corp. (Amex: GTE) today announced that its wholly owned subsidiary, Sanswire Networks LLC, has signed an agreement with TAO-Technologies (TAO) in cooperation with the University of Stuttgart in Germany. The University of Stuttgart has been well known for the research and development of airships for decades, and has developed an excellent track record in the design, development and flight testing of numerous air vehicles.
The agreement states that TAO-Technologies, in cooperation with the University of Stuttgart, will design several next-generation airships intended for multiple uses. These unique and proprietary designs are specific to certain customer demands and are intended to complement the suite of near-space vehicles currently being developed and built by GlobeTel's wholly owned subsidiary, Sanswire Networks LLC.
Professor Dr. Bernd Kroplin of the University of Stuttgart stated: "I am excited to continue our working relationship with Mr. Bob Jones, President of Sanswire, and his team of experts in the field of high-altitude airship design and telecommunications platforms. I have seen other large companies attempt to design high altitude airships, and none of them compare to what we can achieve through our mutual cooperation. The world of academia knows that the University of Stuttgart and my team have been working on high altitude airship design for many years. In working together with Sanswire Networks LLC, a subsidiary of GlobeTel Communications Corp as a strategic partner for the design of the high altitude systems, we will have a significant advantage over our competitors."
"TAO-Technologies, in cooperation with the University of Stuttgart led by Professor Dr. Bernd Kroplin, is highly regarded throughout the world for research, design, development and flight testing of technology demonstrators and prototypes of airships," said Bob Jones, President of Sanswire LLC. "Dr. Kroplin and TAO-Technologies will bring additional resources and technologies to the table, which will enable us to continue our aggressive move forward with the Stratellite and other high altitude air vehicles." Mr. Jones continued, "For decades, Germany has been well known throughout the world for its rigid airships which have flown for years, and directly helped the United States Navy in developing and flying the rigid airship in the early 1900's in support of the World War. The proven German rigid airship design has a direct correlation to Sanswire's advanced technology that is deployed on our high altitude airship."
Timothy Huff, Chief Executive Officer of GlobeTel, commented, "Our innovative approach in bringing the right team to the table gives us an unsurpassed advantage over other companies, both large and small. I am very pleased to work with such a well- respected professor like Dr. Bernd Kroplin of the University of Stuttgart. With academia backing and infrastructure already in place to help advance our airship program, TAO-Technologies brings technologies that will certainly continue to enhance our current airship design." Mr. Huff continued, "Bob Jones with his team of experts have already built a wonderful relationship with Dr. Bernd Kroplin and his team. Sanswire will work very closely with our new strategic partner to deploy the new technology and bring the benefits of our teams' experience to the Sanswire airship and to the world."
Posted by sharkone on :
Any on heard if and when the strat is going to fly? Getting tired of waiting and no definite news...any news, rumors, etc.?
Posted by Pagan on :
quote:Originally posted by sharkone: Any on heard if and when the strat is going to fly? Getting tired of waiting and no definite news...any news, rumors, etc.?
Did you not see the recent PR? Here's a couple snippets from the PR with the most recent Stratellite related info....
Military Officials to Witness Flight of Sanswire's Military Prototype Airship
FORT LAUDERDALE, Fla., Oct 11, 2005 (BUSINESS WIRE) -- GlobeTel Communications Corp. (Amex: GTE) today announced that its wholly owned subsidiary, Sanswire Networks LLC, has given access to selected Department of Defense and other invited government officials to witness the initial flight of its special, high altitude, military prototype airship. The prototype is Sanswire's tailored response to requirements, which have been defined by the U.S. military in recent months with respect to specific missions.
Timothy Huff, Chief Executive Officer of GlobeTel commented "We are very pleased to have the opportunity to demonstrate and fly our military airship prototype during the next few weeks. Sanswire and the military design team have repeatedly proven themselves to be highly adept at meeting the complex operational requirements of Sanswire's military customers." Because of the military nature of the system, this event is not open to the public, and we will not be able to update the public on certain aspects of the airship program.
Nice uptrend activity today so far on low volume and no news. Bodes well for a solid PR to be released next week that could break the $1.63 resistance level. GTE seems to have established support in the $1.40's. Substantial PR could give this a solid bounce from the new support levels. Keep on radar for PR early to mid week IMO.
Posted by Pagan on :
Chart indicates trend reversal. Seems to have created support level and stared uptrend. Looks primed for major bounce from current levels IMO.
Several possible PR's due this week also: Unveiling TurnKey VOIP Solution at ISPCON October 18-20 Possible release of 3Q numbers (scheduled for latter part of October) Possible updates on Military prototype test flights? If GTE breaks $1.63, may cause some shorts to cover and fuel the uptrend. Keep it on your radar
Posted by jordanreed on :
this is the highest this has been since august! nice
Posted by <jps> on :
Nice to finally see some action on this. I've been holding for a long time. Hopefully, this will soar past previous highs. If they can get this thing to fly, the stock will follow.
Posted by B-Man on :
when did they start to build a military version Strat??????
Posted by sharkone on :
What happened today? Ouch!
Shark
Posted by George on :
quote:Originally posted by B-Man: when did they start to build a military version Strat??????
We do not know because it was under wraps. It is finished and they will do a test flight but we will not know when that is either. Working for the gov can be hard to get info out.
Posted by George on :
I am planning on getting back in big around 1.30-1.40
Posted by Pagan on :
quote:Originally posted by George: I am planning on getting back in big around 1.30-1.40
Unlikely it will get back to that range this week. Expect at least one PR in connection with the StrateVOIP unveiling at the ISPCON Show this week. Possible 3Q numbers due this week or first part of next also. If numbers show significant decline in quarterly losses, could signal a nice bounce on expectations of 4Q profitability.
I expect new support level to form in mid $1.40's to low $1.50's after today's retracement IMO.
Posted by <ohyes> on :
Geo, I have a bid in at 1.15 with my 401k. We'll see what happens since they are not disclosing the info on the military testings coming up.
Posted by Pagan on :
quote:Originally posted by Peaser01: Geo, I have a bid in at 1.15 with my 401k. We'll see what happens since they are not disclosing the info on the military testings coming up.
Thats incorrect. What they actually said was...
Timothy Huff, Chief Executive Officer of GlobeTel commented "We are very pleased to have the opportunity to demonstrate and fly our military airship prototype during the next few weeks. Sanswire and the military design team have repeatedly proven themselves to be highly adept at meeting the complex operational requirements of Sanswire's military customers." Because of the military nature of the system, this event is not open to the public, and we will not be able to update the public on certain aspects of the airship program.
Which means GTE should be able to confirm a successful military prototype flight and other general aspects of the flight. Any aspects of a military nature obviously can not be divulged.
IMO I do not see GTE anywhere near $1.15 especially with test flights, military and tech demonstrator, being imminent.
GTE is currently trading * $1.65
Posted by jordanreed on :
and bumping off 1.74 resistance. we're in an upward trend due to anticipation i believe
Posted by Andreas on :
GlobelTel Communications to be Featured on Discovery`s Science Channel; Segment Highlights Sanswire Networks` Stratellite Airship
October 20, 2005 11:19:01 (ET)
FORT LAUDERDALE, Fla., Oct 20, 2005 (BUSINESS WIRE) -- GlobeTel Communications Corp. (GTE, Trade) announced today that its wholly owned subsidiary Sanswire Networks, LLC's High-Altitude Airship Platform, known as a Stratellite, will be featured on "Discoveries This Week" on The Science Channel, Friday, October 28, at 8:00 p.m. Eastern Standard Time. The Sanswire feature will also air numerous other times over the course of the weekend.
The Science Channel segment features Sanswire President, Bob Jones, showing the construction of the Stratellite prototype, "Sanswire One." The program originally aired April 25, 2005 on the Discovery Channel's Canadian broadcasts. Please visit The Science Channel website for the broadcast dates and times in your area. http://science.discovery.com/fansites/discoveriesthisweek/stories.html
Timothy Huff, CEO of GlobeTel, commented: "The profile of our Stratellite technology was exceptionally well done. We are pleased that the Discovery Channel has produced a documentary that profiles the Stratellite and shows in more detail to its audience the uniqueness and the exceptional progress that we have made toward our development of a high-altitude airship." Mr. Huff continued, "The Stratellite was also covered in the media with segments appearing on Fox News, CNN, ABC, The New York Times, and others who have reported on our significant progress toward the developments that we have made recently."
The program, in its entirety, can also be found through the link provided below. A direct link to the media can be found by clicking (or pasting into the address destination) on the following link: http://www.exn.ca/video/?video=exn20050425-blimp.asxs
About Sanswire Networks, LLC:
Sanswire Networks is a wholly-owned subsidiary of GlobeTel Communications Corporation whose shares are publicly traded on the American Stock Exchange under the symbol GTE.
A Stratellite(TM) is a high-altitude airship that when in place in the stratosphere (approximately 65,000 feet) will provide a stationary platform for transmitting various types of wireless communications services currently transmitted from cell towers and satellites. It is not a balloon or a blimp, but a high-altitude airship with a rigid structure.
The Stratellite is similar to a satellite in concept, but is stationed in the stratosphere rather than in orbit. Existing satellites provide easy "download" capabilities, but because of their high altitude are not practical for commercially viable "two-way," high-speed data communication. The Stratellite will allow subscribers to easily communicate in "both directions" using readily available wireless devices.
About the Discovery Channel:
Over the last 20 years, the Discovery Channel has been described as "one of television's most valued and trusted networks," and it approaches its twentieth anniversary as the most widely distributed television brand in the world, reaching 450 million homes in over 160 countries.
About GlobeTel Communications Corporation:
GlobeTel Communications Corporation is a diversified Telecommunications and Financial Services Company. GlobeTel Communications Corporation operates business units in Stored Value debit cards, as a certified MasterCard processor, the sale of Carrier-grade VOIP of Long Distance to major Long Distance re-sellers, VOIP Technology and development, and high-altitude airship research and development. These self-contained business units were developed to operate independently of each other. The symbiotic relationship, however, provides value to each of the other business units. This strategy offers GlobeTel financial diversity and risk mitigation while striving toward its operating objectives.
Operating on a global basis, GlobeTel has, historically, focused its business development on markets outside of the United States. Current operations and business relationships exist in Asia, Europe, South America, Mexico and the Caribbean.
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Placement Act of 1995. The words "forecast," "project," "intend," "expect," "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements. The above are more fully discussed in the Company's SEC filings. There are numerous factors relating to the development and commercial viability of the Stratellite or High Altitude airship program. There is no guarantee that the Company will be successful with this program and there are risks associated with any investment predicated on this technology. Investors should take care to perform their own independent due diligence on this and all investment decisions. While GlobeTel plans for the success of the program, there is no guarantee that it will be successful with the project.
SOURCE: GlobeTel Communications Corp.
KCSA Worldwide Todd Fromer, 212-682-6300 tfromer*kcsa.com or Michael Cimini, 212-682-6300 mcimini*kcsa.com Copyright Business Wire 2005
Posted by <jps> on :
Thar she blows!
Posted by ladybird on :
Buckle up.
Posted by B-Man on :
We have waited along time for this, hang on and injoy the ride!!!!!
Posted by <jps> on :
Something is stirring... we're at 1.91 (+8.52%) now. Big news release will send this flying!
Posted by <jps> on :
Good ending for the week!
Posted by Pagan on :
Some beautiful swing plays the last 10 days. Nice overall trend reversal this week. This week GTE broke through 3 different resistance levels. I believe the uptrend this week was also fueled by some of the 3.5MM shorts covering before next week.
Possible PR's next week: 3Q numbers are due ISPCON Exhibition/StarteVOIP unveiling results Telecom05 starts Sunday and runs thru Wednesday(major announcement said to be planned for the Telecom05 Exhibition) Another new website is to be up and running by the start of Telecom05 Possible update on Military Prototype test flight Possible update on S2 Airship construction completion
Could be another great week. Keep it on your radar.
Posted by <jps> on :
This is incredible! Still going up! Hope everyone is in!
Posted by <jps> on :
It is holding these gains very well each day. It looks like we might get good gains each day this week.
Posted by Pagan on :
Another excellent day. Closed at $2.16, Up $.22 on 3rd largest volume day since listing on AMEX(2.8MM shares). Chart looks very strong. Still expecting substantiative PR's this week to fuel continued uptrend. Definitely keep on the radar for quick swings and overall uptrend.
Posted by Peaser01 on :
Pagan, what price are looking to buy in on this next swing? You've been playing GTE wonderfully over the last few months. I am doubting that I will see my 1.15 again. My hope is for 1.50 on this next dip, we'll see what happens. My 401k is waiting, but getting impatient. lol
Posted by Peaser01 on :
quote:Originally posted by Pagan: Some beautiful swing plays the last 10 days. Nice overall trend reversal this week. This week GTE broke through 3 different resistance levels. I believe the uptrend this week was also fueled by some of the 3.5MM shorts covering before next week.
Possible PR's next week: 3Q numbers are due ISPCON Exhibition/StarteVOIP unveiling results Telecom05 starts Sunday and runs thru Wednesday(major announcement said to be planned for the Telecom05 Exhibition) Another new website is to be up and running by the start of Telecom05 Possible update on Military Prototype test flight Possible update on S2 Airship construction completion
Could be another great week. Keep it on your radar.
Just remember, I mentioned this when GTE was GTEL 6 or so months ago when I was holding 100k+ shares, the only thing that will make us fly is the strat. After proving successful, the new technology is going to revolutionize the world. The stock price lives and breaths the stratellite. When the second Qtr numbers came out the pps went down.
Posted by Peaser01 on :
quote:Originally posted by Pagan: Some beautiful swing plays the last 10 days. Nice overall trend reversal this week. This week GTE broke through 3 different resistance levels. I believe the uptrend this week was also fueled by some of the 3.5MM shorts covering before next week.
Possible PR's next week: 3Q numbers are due ISPCON Exhibition/StarteVOIP unveiling results Telecom05 starts Sunday and runs thru Wednesday(major announcement said to be planned for the Telecom05 Exhibition) Another new website is to be up and running by the start of Telecom05 Possible update on Military Prototype test flight Possible update on S2 Airship construction completion
Could be another great week. Keep it on your radar.
quote:Originally posted by Peaser01: Pagan, what price are looking to buy in on this next swing? You've been playing GTE wonderfully over the last few months. I am doubting that I will see my 1.15 again. My hope is for 1.50 on this next dip, we'll see what happens. My 401k is waiting, but getting impatient. lol
Peaser.. I'd call $1.90's for a swing if there is some sort of retracement to fill the gap that was left in the $1.90's by yesterdays run up. Looks to be only a moderate retrace so far today though.
Many things will determine if there is to be a continued uptrend. One is the US airing on the Discovery channel about the Stratellite Friday night with numerous replays over the weekend. Nice publicity from a reputable media outlet is always good.
3Q numbers due out at anytime before end of month. Big issue with the 3Q numbers will be amount of decrease in loss. If losses drop to anywhere near the million dollar range, expect a nice pop to help fuel uptrend.
And as you said, the only item that will blow GTE through the roof is Stratellite flight tests. Military Prototype is ready for test flight as per previous PR.
Sanswire 2 is waiting on Honeywell for guidance system, and delivery has already happened or is imminent.
With that said, I do believe we are on the cusp of a major run-up in accordance with chart history. Take a look at the 3 year chart below. Posted by Pagan on :
Short interested has leveled off. Very little increase since last month.
Month Short Interest
Oct 2005 3,554,895 Sep 2005 3,410,987 Aug 2005 2,915,156 Jul 2005 2,411,889 Jun 2005 481,934
I can not deny that. I still believe that our 3rd Qtr profits won't be all that great do to paying for building, modifying and testing of S2. Once the military sees that S2 works, then we'll see a nice contract I believe. In 3 years, the share price of GTE should be pretty to look at IMHO.
We might see a little sell-off at the EOD as the amount of trades decreases. Not to worry though, the end of this week, or next week should be good. We're on to bigger and better things on the AMEX than in OTCBB land.
The chart looks good, just can not forget that we're dealing with a whole new group of investors now that we're on the AMEX.
I saw the piece that they showed on the Discovery Channel back in May I believe it was. The replay might not do too much for pps, but we will see now that Globetel is on the AMEX.
[ October 25, 2005, 14:02: Message edited by: Peaser01 ]
Posted by Pagan on :
quote:Originally posted by Peaser01: I can not deny that. I still believe that our 3rd Qtr profits won't be all that great do to paying for building, modifying and testing of S2. Once the military sees that S2 works, then we'll see a nice contract I believe. In 3 years, the share price of GTE should be pretty to look at IMHO.
We might see a little sell-off at the EOD as the amount of trades decreases. Not to worry though, the end of this week, or next week should be good. We're on to bigger and better things on the AMEX than in OTCBB land.
The chart looks good, just can not forget that we're dealing with a whole new group of investors now that we're on the AMEX.
I saw the piece that they showed on the Discovery Channel back in May I believe it was. The replay might not do too much for pps, but we will see now that Globetel is on the AMEX.
We need to clarify a couple things. The Military Prototype and Sanswire 2 are two seperate airships that have been built.
The Military Prototype was built to custom military specifications and is ready for test flight. Sanswire 2 which is complete, save for the status of the guidance system, is a commercial technology demonstrator. GTE had both airship building programs running parallel.
Secondly, when the Stratellite program aired in April/May, it was only broadcast on Canadian Discovery channel. It was not available in the US, other than an weblink. So this time it will be seen by a much larger market. Good publicity.
That's not true, My wife and I watched the GTEL strat documentary broadcast on the Discovery channel in NY.
Posted by Raptorsrule on :
so did I....
Posted by Peaser01 on :
I thought that the first viewing of the strat on the Discovery channel would have an effect as well Pagan, The pps didn't react to the original broadcasting of the Discovery Channel's strat documentary when it first aired. It may have an effect now, being that GTE is now on a major exchange and people won't laugh at us for mentioning the stock to them. Going AMEX was a monster step in Globetel getting the recognition of being a contender.
Everything boils down to the strat's success. That is what continues to move the pps up, down, turns downtrends into uptrends, vice versa, and that alone. The cause of this last downtrend was due to a poor showing of S1 in California when Huff decided to show it before it was ready. This made shareholders a little uneasy, and after the move to the AMEX caused the price to fall. If the strat is not a success, Globetel will fail. I don't believe that GLobetel will fail though. I am just being open to all angles on the company. I have believed strongly in Globetel from when I first heard of the company, and still do. Once we get the BUGS worked out in the strat, we'll be off and running like we've never seen before. I am looking forward to those days, as all GTE shareholders are.
Posted by Pagan on :
quote:Originally posted by Peaser01: I thought that the first viewing of the strat on the Discovery channel would have an effect as well Pagan, The pps didn't react to the original broadcasting of the Discovery Channel's strat documentary when it first aired. It may have an effect now, being that GTE is now on a major exchange and people won't laugh at us for mentioning the stock to them. Going AMEX was a monster step in Globetel getting the recognition of being a contender.
Everything boils down to the strat's success. That is what continues to move the pps up, down, turns downtrends into uptrends, vice versa, and that alone. The cause of this last downtrend was due to a poor showing of S1 in California when Huff decided to show it before it was ready. This made shareholders a little uneasy, and after the move to the AMEX caused the price to fall. If the strat is not a success, Globetel will fail. I don't believe that GLobetel will fail though. I am just being open to all angles on the company. I have believed strongly in Globetel from when I first heard of the company, and still do. Once we get the BUGS worked out in the strat, we'll be off and running like we've never seen before. I am looking forward to those days, as all GTE shareholders are.
So it is your thinking that if GTE reports millions in profit unrelated to the Stratellite, that it would have no effect on the SP? Only Stratellite related news affects GTE SP? I can't agree with you there. Stratellite is the brass ring, but there are many other things that can and do affect the shareprice, just not of the magnitude of a Stratllite test flight. But by waiting on Stratellite news, you missed a $1.00 upswing in SP. I have been swinging GTE quite a few times and have done very well with it. I still maintain a core block of holdings in GTE that is averaged out below $1.50 a share.
There has been a tremendous amount of money to be made with the swings while many were just sitting on the sidelines waiting for Strat news. But everyone has there own strategy, and to each his own I guess.
It sounds reasonable that you saw the April/May airing on Discovery Canada, afterall, you live next to Canadian border. But I spoke with many GTE shareholders at the time of the airing, and the vast majority were NOT able to see it.
PS: Looks like them there BUGS have been gettin squished here lately
[ October 25, 2005, 17:25: Message edited by: Pagan ]
Posted by Dustoff101 on :
Pagan, microbes can even eat Blimps!LOL
They just need to survive being squished!
Posted by Pagan on :
LOL....very true.
Posted by imakmony2005 on :
GTE IS A WINNER..........SWING
Posted by <mlewis> on :
Filling the gap I'm going with 1.90 for my buy
Posted by Peaser01 on :
Now we're moving! Glad I bought back in yesterday.
Posted by Devo54 on :
just testing
Posted by Peaser01 on :
$4 and beyond is only a few weeks away I believe.
Posted by Peaser01 on :
We just might see 2.20 - 2.30 today. That would be nice.
Posted by justmy2cents on :
I have been holding this stock since last year. I have used it as a swing play and also kept a min no of shares and as most of us I think that the success of Stratellite is the only way that can make the stock price of GTE look pretty.
To your point Peaser - are you expecting any PR sometime soon that will be worth moving the stock price in the range that you mentioned.
Posted by Peaser01 on :
Yep, the completion of S2 + S3, but before that I expect to hear some news of military contracts after the succesful viewing of the military prototype.
I'm looking for some good news early next week. Let's just hope my hunch is correct.
Posted by Peaser01 on :
I am also guessing that the 10Q will be out next week as well.
Posted by Peaser01 on :
We might just close on HOD.
Posted by Thorn on :
Weren't we supposed to see something like $4 and beyond a month ago?
Posted by Pagan on :
quote:Originally posted by Thorn: Weren't we supposed to see something like $4 and beyond a month ago?
no
Posted by Peaser01 on :
Last trade at 2.14 looks nice.
Thanks for the chart Pagan, It sure is purdy!
[ October 27, 2005, 16:17: Message edited by: Peaser01 ]
Posted by Pagan on :
Yes...looking good. Nice EOD pop Posted by Thorn on :
quote:Originally posted by Pagan:
quote:Originally posted by Thorn: Weren't we supposed to see something like $4 and beyond a month ago?
no
Well, yeah, you are right. It was back in June or July when they were going to do the launch (or was it earlier, it was delayed I remember). People were saying it was going to soar after the launch. Way too much hype. Sorry for the pessimism, but I think $4 is questionable at this point, based on past history.
Posted by Pagan on :
quote:Originally posted by Thorn:
quote:Originally posted by Pagan:
quote:Originally posted by Thorn: Weren't we supposed to see something like $4 and beyond a month ago?
no
Well, yeah, you are right. It was back in June or July when they were going to do the launch (or was it earlier, it was delayed I remember). People were saying it was going to soar after the launch. Way too much hype. Sorry for the pessimism, but I think $4 is questionable at this point, based on past history.
No reason to apologize. You seem to have a pessimistic/skeptical approach to most stocks in which you are involved, even those in which you have no position or interest as well. But that just seems to be your trading style. The shareprice has already been over $4 but has declined due to a delay in the test flights of the Stratellites. But with the impending test flights of the Military prototype and also the Sanswire 2 commercial demonstrator, $4 will be easily eclipsed with successful flights. GTE already has LOI's for Stratellites in place that will be executed after successful flight testing of the Stratellites. All told, the LOI's number into the hundreds of millions of dollars. So $4 would be but a drop in the bucket in as far as share price if the technology proves itself out IMO.
Posted by Thorn on :
Ah. I think it is just that I do not push a stock, so the only time I post is when I have doubts or concerns. I guess that does make me look a bit one-sided.
So, with that...I think GTE is a great company, but I'm more conservative about its immediate future after what happened when they first showed the prototype. In the long run, of course, it is gold.
Thanks for your reply, and glty.
Posted by Thorn on :
Um, one minor point: the stock has never reached $4. Have you just recently started tracking this stock? The only reason the chart shows "$4" is because the pps has been adjusted for the recent r/s.
Posted by Pagan on :
quote:Originally posted by Thorn: Um, one minor point: the stock has never reached $4. Have you just recently started tracking this stock? The only reason the chart shows "$4" is because the pps has been adjusted for the recent r/s.
Umm..your wrong. It went to $4.05 the day of the R/S(5/23/05). GTE opened at $4.04 the day after the R/S(5/24/05). I have been tracking GTEL/GTE for about a year. Your research really needs to be a little more thorough.
Posted by <jps> on :
I think it is time to swing again!
Posted by Thorn on :
Again, I repeat, it had never REACHED $4. It was CONVERTED to $4. Is that clear enough for ya? Maybe it is your research that is lacking (if you want to get nasty about it)?
In fact, it declined quite a bit after the r/s, but never went back up to $4.
You can go ahead and ignore the history of the stock, but in fact the planned launch, the revealing of the prototype, etc. has all been a big disappointment (and was reflected by stockholders by a drop in pps). I won't be getting excited about any forcasted "launch" due to that.
Posted by Pagan on :
quote:Originally posted by Thorn: Again, I repeat, it had never REACHED $4. It was CONVERTED to $4. Is that clear enough for ya? Maybe it is your research that is lacking (if you want to get nasty about it)?
It did reach over $4.00 because I sold some at $3.95. It was not converted to $4.00 due to R/S. Ask Glassman or anyone else who held at the time. It is clear you did not have any shares at the time or you would know it went over $4.00. Is that clear enough for you?
PS: Not being nasty, just pointed out your research is faulty.
Posted by Thorn on :
Technically, it went to $4. Realisticallly, that was a very brief moment, and it got there because of the r/s. You think that just because the stock was at $4 after the r/s that it is signficant? No, the facts are that the stock was over-inflated at that price. You can play your game of nit-picking, but it won't save you in the end. If you disagree, then I guess all the stockholders who let it go down were wrong, eh?
Posted by Pagan on :
You consider facts to be nitpicking? That says all anyone needs to know about you. GLTY
Posted by Thorn on :
Pagan, you could benefit from looking at the bigger picture. You could also benefit from talking about the facts instead of what anyone needs to know about me. I could care less what you or anyone else thinks of me, but $4 is not a reasonable target unless you are pumping. I think that is exactly what you are doing.
Of course, we only have to wait a "few weeks" to see, right? Posted by Pagan on :
I have never pumped this stock, nor any other stock. The facts are simple. You said it was never above $4, I said it was(and it was). I never attached any signifigance to $4. Peaser called for the over $4. I just responded to your posts with the reasons why it could surpass $4 again with successful test flights and fruition of LOI contracts. Guess that makes me a pumper huh? LOL.
Posted by Thorn on :
Um, I didn't say it was never above $4. I said it has never reached $4. It was already there. Why is this insigificant detail so important? You are making this into a debate about minute details and character, whereas all I am saying is that I have doubts about it going to $4 in such a short time, based on the past history. It might happen, but this is not the first time I've heard pre-launch "hype" only to have it not happen.
And whether intentional or not, you are a pumper:
quote:But with the impending test flights of the Military prototype and also the Sanswire 2 commercial demonstrator, $4 will be easily eclipsed with successful flights. GTE already has LOI's for Stratellites in place that will be executed after successful flight testing of the Stratellites. All told, the LOI's number into the hundreds of millions of dollars. So $4 would be but a drop in the bucket in as far as share price if the technology proves itself out IMO.
Hope that is the case, but I'm not going to trust to the hype.
Posted by <jps> on :
Oh brother!
Anyway, it continues to decline. Hope others are swinging. I'll probably get back in at 1.91.
Posted by Peaser01 on :
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Posted by imakmony2005 on :
been in and out of this for a long time hit four then r/s and down we go.
Posted by BuyTex on :
flash, how do they ship that iPod? am assuming you have received yours...
Posted by R1Man on :
quote:Originally posted by Thorn: Technically, it went to $4. Realisticallly, that was a very brief moment, and it got there because of the r/s. You think that just because the stock was at $4 after the r/s that it is signficant? No, the facts are that the stock was over-inflated at that price. You can play your game of nit-picking, but it won't save you in the end. If you disagree, then I guess all the stockholders who let it go down were wrong, eh?
He is right....if you divide $4.00 by 15 which was 15 shares = 1 share....then $4.00/15= $0.26 which is about what it was selling for when it occured. Either way, who really cares....I dumped $12,250 at $1.59 a share average over the past 3 months. I'm holding until it hits $5.00 range....then I'll probably dump half....and hold the rest for LONG position...as in 5 years.
I can't wait for the stratelite to be launched....I'll dump another $10,000 in when it does and make a few plays.
Posted by JB28930 on :
have any idea on when it is supposed to be launched?
Posted by charger on :
Why would people spend so much time talking about where a stock price was
Posted by BuyTex on :
misery loves company?
lol, I've played this one wrong almost every time I traded it...
Posted by Thorn on :
I liked it better when it was a otcbb stock Posted by <mlewis> on :
Anyone know when they will report earnings?
Posted by Pagan on :
**********: BOT, CAL, GTE, IMMU, MBND, OCA Have Been Added To Naked Short Lists Today
Nov 01, 2005 (M2 PRESSWIRE via COMTEX) -- www.**********, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked short threshold lists. CBOT Holdings (NYSE: BOT), Continental Airlines (NYSE: CAL), GlobeTel Communications Corp. (AMEX: GTE), Immunomedics, Inc. (NASDAQ: IMMU), Multiband Corp. (NASDAQ: MBND) and OCA, Inc. (NYSE: OCA). For a complete list of companies on the naked short lists please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to www.**********/squeezetrigger.pdf .
GlobeTel Communications Corp. (AMEX: GTE) provides telecommunication services. Its services involve Internet telephony using Voice over Internet Protocol (VoIP) equipment. The company's core products and services comprise telephony services that include international wholesale carrier traffic; networks; and prepaid calling services and IP Telephony. It offers prepaid calling services, which allow carrier customers and reseller customers to sell their own branded prepaid calling cards and allow their customers to make both domestic and international calls; and IP Telephony services, including conference calling, call forwarding, emergency services, voice mail, and multiple lines. GlobeTel provides nontelephony products and services, which include stored value card programs and outsourced stored value services for the international banking and telecommunications community. It also provides network management services to customers, which includes testing routes, troubleshooting, and service requests. In addition, the company develops a national wireless broadband network utilizing high-altitude airships called Stratellites, which are used to provide wireless voice, video, and data services. GlobeTel has virtual networks serving callers in Venezuela, the United Kingdom, Australia, China, Philippines, and Malaysia; and physical networks serving customers in Hong Kong, Brazil, and Mexico. The company is based in Pembroke Pines, Florida. With 77.11 million shares outstanding and 3.55 million shares declared short as of October 11th, there is a failure to deliver in shares of GTE.
Posted by Pagan on :
quote:Originally posted by <mlewis>: Anyone know when they will report earnings?
They are scheduled to report 3Q before Nov 14th. They were going to report earlier, but there HQ offices in Pembroke Pines,FL have been without power due to Wilma and it has pushed back the release date per GTE IR dept.
Posted by <mlewis> on :
BOT, CAL, GTE, IMMU, MBND, OCA Have Been Added To Naked Short Lists Today
What does this mean for GTE?
Posted by ehya the fisherman on :
Yeah, how will this play out for GTE. Will the stocks have to be bought up to cover?
Posted by Pagan on :
It should cause the GTE market to tighten a bit. Possibly cause some shorts to cover.
One of the primary goals of Regulation SHO is to address potential abuses in the practice of naked short selling, which is the act of short selling without actually confirming that shares have been borrowed. The regulation addresses this issue by including two main short sale requirements: the "locate" and "close-out" requirements. The locate requirement is placed on broker-dealers to reasonably assure that there are in fact shares to borrow to be short sold. The close-out requirement is also placed on broker-dealers to close out positions in securities if the position has failed to be delivered or returned for an extended period.
Posted by ehya the fisherman on :
Thanks for the info Pagan
Posted by <mlewis> on :
Good info thanks
Posted by Peaser01 on :
My guess is that we hear some news on the military test flights this week. Also should see a 10Q either this week or next.
Posted by Peaser01 on :
Looks like it headed north of $2 today. Slow and steady all day.
Could there be some news brewing?
Posted by Peaser01 on :
We have $2
Posted by Peaser01 on :
$2.05
Posted by Pagan on :
quote:Originally posted by Peaser01: $2.05
Moving up nicely so far today.
Posted by Edster on :
Good move so far - is there any basis for this price move other than it has been down so far for so long. Must be time for a "correction" to the upside. But watch out for the profit takers later in the afternoon.
Posted by Peaser01 on :
My guess is news may be brewing for tomorrow. It's just a guess though.
Posted by Peaser01 on :
2.12+ by close?
And the uptrend continues.
Posted by George on :
Peaser in back in this one?
Posted by Peaser01 on :
Hey Geo, yep, bought back at 1.89 about a week or so ago. Put it in my 401k and letting it sit there. I'm thinking that we might see $10/share by May as long as there is no dilution. We'll see what this new uptrend brings for us.
Posted by George on :
I wanted to get back in when it was in the 1.30's but I had to cash out everything to pay off bills. My job is at stake so I have to play it careful. GTE is the way to go and the trend is looking good again. I think you are right that there is some news coming soon.
Posted by Peaser01 on :
Best of luck with your job Geo.
Posted by imakmony2005 on :
a swingers dream.
Posted by B-Man on :
I would love to see it get over 2.20 I bought in to swing trade to soon. this dollar range is killing me, I hope there is news on the military flight soon we need a boost. Posted by Pagan on :
GlobeTel Communications Announces Alliance with Major Indian Financial Processor and ATM/POS Provider to Market Stored Value Cards and Payment Solutions in India
PEMBROKE PINES, Fla., Nov 09, 2005 (BUSINESS WIRE) -- GlobeTel Communications Corp. (AMEX: GTE) today announced that it has signed an agreement with Financial Software & Systems (P) Ltd (FSS) based in Chennai, India. The purpose of the agreement is to establish a commercial relationship between GlobeTel and FSS that will enable the parties to work together to market stored value and money remittance programs, targeting tens of millions of existing banking customers in the $12 billion Indian remittance market. Electronic Funds Transfer (EFT) solutions and outsourced services of FSS power the majority of ATMs and Point-of-Sale (POS) terminals in India, controlling most of the Electronic Funds Transfers in the country. FSS plans to double its ATM and POS deployment in the next three years. FSS through FSSNeT provides third-party processing as an outsourced application services for many of the largest banks in India.
Abu Karim, President of GlobeTel Australia/NZ & Asia Pacific, said: "We are honored to partner with FSS. FSS is the largest and fastest growing Electronic Funds Transfer (EFT) processor in India. This strategic alliance and distribution partner provides us a strong presence in the rapidly growing Indian market and expands the global footprint for our stored value card product. We look forward to developing a strong market presence by offering customers multiple delivery channels to access remittances and stored value products across India."
Nagaraj Mylandla, Managing Director of FSS, stated, "We are delighted to have GlobeTel as our business partner and are confident that this partnership will provide significant advantages to both organizations."
Rudhraapathy Jagannathan, Director of FSS stated: "We are extremely pleased to partner with GlobeTel in the delivery of stored value cards and payment solutions to our customers. We plan to launch a solution that combines FSS's distribution channels and financial transaction capabilities with GlobeTel's advanced stored value card technology platform. We believe that GlobeTel's product is superior in design and that it will be of significant benefit to our customers."
Timothy Huff, CEO of GlobeTel, stated: "FSS exemplifies the quality of key strategic partners that we seek for our international stored value business. We will work with FSS to develop a strategy to overlay their market with our stored value card, to include Fund Transfer, Money Remittance, and other valuable attributes of our technology platforms in this part of the world.
Huff concluded, "The strategic partnership with FSS will help us to expand support programs that offer unique value to the consumer, increasing acceptance of our products worldwide as we continue to grow our international presence."
FSS's partnership with GlobeTel Communications Corp. will bring cutting edge technology solutions to banks and financial institutions in India and across the globe. FSS is leveraging its extensive domain knowledge in payment processing and transaction switching across various touch points with highly skilled software development and implementation resources, world-class IT infrastructure, and global partnerships.
The FSS partnership with GlobeTel, a leader in Stored Value Products and fund remittances, is yet another opportunity to bring to the Indian banking industry technology that is world class and proven. The FSS / GlobeTel partnership is a new beginning towards this direction.
About FSS
FSS has spearheaded the ePayments industry in India. The company, headquartered in Chennai, India has established itself as a market-leader and is a provider of software and services for payments processing in India and overseas. With a substantial client base of over 30 premium banks, FSS is rapidly expanding its footprint to offer products and services to customers worldwide.
FSS provides online, real time, electronic transaction processing and switching for financial and non-financial transactions across multiple delivery channels and payment systems and co-networks including ATMs, POS - Point of Sale machines, ATM /POS deployment and management, ATM sharing between banks, mobile TopUp and Electronic bill payment, connectivity with domestic and international interchanges like MasterCard and, VISA, FSSNeT a division of FSS is the application service provider to major banks and financial institutions in India.
GlobeTel Communications Corp. is a diversified Telecommunications and Financial Services company. GlobeTel operates business units in stored value debit cards, as a certified financial transactions processor; the sale of carrier-grade VOIP of long distance to major long-distance re-sellers, VOIP technology, wireless radio technology and development, and high-altitude airship research and development. These self-contained business units were developed to operate independently of each other. The symbiotic relationship, however, provides value to each of the other business units. This strategy offers GlobeTel financial diversity and risk mitigation while striving toward its operating objectives.
Operating on a global basis, GlobeTel has historically focused its business development on markets outside of the United States. Current operations and business relationships exist in Asia, Europe, South America, Mexico and the Caribbean.
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect" "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements. The agreement with FSS does not provide for guaranteed revenue to GlobeTel. Therefore, while GlobeTel believes that the agreement is of significant value, there are no guarantees that said revenue will materialize. Sanswire Networks and the launch of the Company's high altitude airship are subject to various risk factors and investors should construe any such investment as speculative. The above are more fully discussed in the Company's SEC filings.
Posted by PENNY PIRATE on :
Very good news about our Core Business in India. Let's see Europe, Australia and China next. Military contracts coming soon IMO. Buy your shares now, before the news of successful Strat launch/test. Strategic Partners have just been confirmed in India. This is starting to happen NOW!
Posted by stockaholic on :
Any thoughts on jumping back in this? I got a bunch at 1.54 and swung it. I wanted back in around 1.75 but now it's kind of hard to tell where we're going. Any opinions on this are appreciated.
Posted by imakmony2005 on :
shoot for back in at 1.86-9 range. but you might miss it.
Posted by heatwaveo8 on :
Whatever you do, keep this stock long-term!! I'm going to make my first decision in 2 years as to whether I want to sell it, but I may keep it even longer than that.
Posted by imakmony2005 on :
few big weeks coming.
Posted by heatwaveo8 on :
Yeah, no joke! A lot of my stocks right now are ready to boom this week. I can't wait for the earnings report on GTE!
Posted by Pagan on :
GlobeTel Announces Third Quarter 2005 Results FORT LAUDERDALE, Fla., Nov 14, 2005 (BUSINESS WIRE) -- GlobeTel Communications Corp. (AMEX:GTE) today reported in its filing of SEC Form 10Q for the third quarter ended September 30, 2005, that the company had revenues of $22,299,516 during the quarter then ended, compared to $7,509,206 during the same period in 2004, an increase of 197%. Total revenues for the nine months then ended were $60,010,691, compared to $14,509,624 during the same period in 2004, an increase of 314%. The total losses for the third quarter were $4,635,244, excluding non-cash transactions of $1,330,000. The company also provided the following quarterly comparison: 3rd Quarter 2nd Quarter 1st Quarter 4th Quarter 2005 2005 2005 2004 ------------ ------------ ------------ ------------
Net Loss $5,965,244 $5,957,329 $3,600,054 $8,416,953 ------------ ------------ ------------ ------------
Total Assets $18,154,504 $14,669,233 $15,124,388 $6,195,977 ------------ ------------ ------------ ------------
Total Stockholder Equity $7,667,186 $11,530,390 $12,359,242 $5,276,577 ------------ ------------ ------------ ------------ Operationally, the Company reported that margins remain lower as it begins full operations at its network operations center in Los Angeles. However, the projected run rate is expected to be over $80 million, and that with the revamping of its operations, it expects to make a significant turn-around during the last quarter of 2005. The Company also reported that: -- The launch of its VoIP product in Las Vegas in early November was well received and that it expects to enter into agreements with several potential customers and partners. -- It has allied itself with a major financial processor in India, which is also an ATM/POS provider that will enable the Company to market its Stored Value Cards and Payment Solutions in India -- The military prototype of Stratellite(TM) will be tested this week. -- The marketing and deployment of its wireless product, through its subsidiary, GlobeTel Wireless, Inc., is well on its way in several countries. Timothy Huff, CEO of GlobeTel, stated, "We are pleased to report that we are making significant progress on all fronts and that our goals are now coming into fruition. We continue to emphasize that our losses have been expected as we grow and expand our operations, and we expect to begin our turn-around and have our losses diminished. We expect that as the Company makes it turn-around that there will be full-speed acceleration into profitability." About GlobeTel Communications Corporation: GlobeTel Communications Corporation is a diversified Telecommunications and Financial Services Company. GlobeTel Communications Corporation operates business units in Stored Value debit cards, as a certified MasterCard processor, the sale of Carrier grade VOIP of Long Distance to major Long Distance re-sellers, VOIP Technology and development, and high altitude airship research and development. These self contained business units were developed to operate independently of each other. The symbiotic relationship however, provides value to each of the other business units. This strategy offers GlobeTel financial diversity and risk mitigation while striving toward its operating objectives. Operating on a global basis, GlobeTel has, historically, focused its business development on markets outside of the United States. Current operations and business relationships exist in Asia, Europe, South America, Mexico and the Caribbean. A Stratellite(TM) is similar to a satellite, but is stationed in the stratosphere rather than in orbit. At an altitude of 10 to 13 miles above the Earth, each Stratellite(TM) will have clear line-of-sight communications capability to an entire major metropolitan area as well as being able to provide coverage across major rural areas. Several Stratellites(TM) linked together could cover many hundreds of thousands of square miles. The Stratellite(TM) will allow subscribers to easily communicate in "both directions" using readily available wireless devices. In addition to voice and data, proposed telecommunications uses include cellular, 3G/4G mobile, MMDS, paging, fixed wireless telephony, HDTV, real-time surveillance and others.
Posted by Peaser01 on :
Looking good.
Posted by stockvaper on :
Timothy Huff, CEO of GlobeTel, stated, "We are pleased to report that we are making significant progress on all fronts and that our goals are now coming into fruition. We continue to emphasize that our losses have been expected as we grow and expand our operations, and we expect to begin our turn-around and have our losses diminished. We expect that as the Company makes it turn-around that there will be full-speed acceleration into profitability." ------------------------------------ The last sentence above is the one I'm waiting to see... Posted by Edster on :
When is the Strat scheduled to fly - thought I had seen it was to happen this week......
Posted by Pagan on :
quote:Originally posted by Edster: When is the Strat scheduled to fly - thought I had seen it was to happen this week......
The military prototype is to be flown and demonstrated before the DoD representatives this week.
Posted by Edster on :
quote:Originally posted by Pagan:
quote:Originally posted by Edster: When is the Strat scheduled to fly - thought I had seen it was to happen this week......
The military prototype is to be flown and demonstrated before the DoD representatives this week.
Thanks Pagan !
Posted by John Anothony on :
RMDG, at support at 52 week low, with breaking news coming out this week
Posted by Pagan on :
GlobeTel's Wholly Owned Subsidiary Sanswire Networks LLC Announces Successful Demonstration of Military Prototype Airship FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Nov. 16, 2005--GlobeTel Communications Corp. (AMEX:GTE) today announced that its wholly-owned subsidiary, Sanswire Networks LLC, has successfully completed its planned demonstration flight of its military prototype airship. The flight consisted of two military prototypes of varied size, both of which were flown for the benefit of a number of approved senior military and national security officials. The flights took place at the Sanswire facility in Palmdale, California, on Nov. 15, 2005.
The design of the military version airship is of a unique and proprietary nature and has been designed to meet specific requirements of certain military and government needs. These airships complement and share much of the underlying technology of the suite of near-space vehicles currently being developed for commercial applications. The airships flown today have been designated "Sky Dragon."
The first flight took place Tuesday morning on November 15th at 10:30 am PST and the second flight occurred later in the day. The airships performed exactly as expected, with exceptional results. The controlled-access event was attended by 25 VIPs, U.S. Government guests representing, among others, the U.S. Air Force, Department of Homeland Security, NASA, the U.S. Navy, the U.S. Army, FEMA, and other distinguished invitees.
Sky Dragon was assembled at the Palmdale facility and test flown multiple times prior to the event. The Sanswire team, together with Sanswire's strategic partners, Dr. Bernd Kroeplin and Tao Technologies, in cooperation with University of Stuttgart in Germany, managed and hosted the demonstration.
Bob Jones, President of Sanswire Networks LLC, commented: "We are extremely pleased with the results of this event. The prototype performed flawlessly and our guests were very pleased with the significant progress that has been made since the platforms were initially presented. The visiting dignitaries also expressed great pleasure at the design and products available in the Sanswire High-Altitude Airship Program. The airships that were demonstrated today were designed specifically for specialized military and governmental applications. A number of senior-level decision makers within the government commented that these successful demonstrations represent mature steps in the evolution of Sanswire's overall airship program; and, I could not be more pleased with their enthusiasm. This event marks our commitment in providing performance and capability to our customers as promised."
Timothy Huff, CEO of GlobeTel, added: "We have made significant strides in our airship program and within our business units, in general. I am pleased that GlobeTel and our subsidiaries are performing as expected and I look forward to the continued acceleration of our business growth. The success of the military version of our high-altitude airship is another important milestone in the evolution of our Sanswire program. I am very pleased, but not surprised, by the successful outcome of this event."
Dr. Kroeplin confirmed as well: "It was an honor to present this technology to our distinguished guests. The response to the technology and the flight demonstration was exciting and very well received. We will continue to develop other types of `specialmission' air vehicles - in cooperation with our partner, Sanswire. I believe there is much we can do in the very near term, which can benefit our world."
Sanswire's military version airships can operate within an altitude range of between 5,000 and 70,000 feet AGL, with varying payloads. A Stratellite, by contrast, is similar to a satellite, but is stationed in the stratosphere rather than in orbit, and operates at an altitude of approximately 13 miles. At an altitude of 10 to 13 miles above the Earth, each Stratellite will have clear line-of-sight communications capability to an entire major metropolitan area, as well as being able to provide coverage across major rural areas. Sanswire 2 is currently under construction and is expected to be completed and operational, as planned. Several Stratellites linked together have the ability to cover many hundreds of thousands of square miles. The Stratellite will allow subscribers to easily communicate in "both directions" using readily available wireless devices. In addition to voice and data, other telecommunications uses include cellular, 3G/4G mobile, MMDS, paging, fixed wireless telephony, HDTV, real-time surveillance and others.
About GlobeTel Communications Corporation:
GlobeTel Communications Corp. is a diversified Telecommunications and Financial Services company. GlobeTel operates business units in stored value debit cards, as a certified financial transactions processor; the sale of carrier-grade VoIP of long distance to major long-distance re-sellers, VoIP technology, wireless radio technology and development, and high-altitude airship research and development. These self-contained business units were developed to operate independently of each other. The symbiotic relationship, however, provides value to each of the other business units. This strategy offers GlobeTel financial diversity and risk mitigation while striving toward its operating objectives.
Operating on a global basis, GlobeTel has historically focused its business development on markets outside of the United States. Current operations and business relationships exist in Asia, Europe, South America, Mexico and the Caribbean.
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect" "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements. Sanswire Networks and the launch of the Company's highaltitude airship are subject to various risk factors and investors should construe any such investment as speculative. The above are more fully discussed in the Company's SEC filings.
Posted by Peaser01 on :
Here we go!
Posted by Peaser01 on :
I'd sure like to see 2.50 today.
Posted by Edster on :
Good results! How high can we expect today? Hopefully more than the .20 increase so far.
Posted by Peaser01 on :
Easy .20 I believe
Posted by crusader30 on :
Fly GTE Fly Posted by George on :
I missed it... I was looking to get in again on Monday but you know me......put it off...
Posted by Peaser01 on :
Who knows, $3.00 today?
Posted by stockaholic on :
quote:Originally posted by George: I missed it... I was looking to get in again on Monday but you know me......put it off...
I got back in yesterday at 2.08 but for very little. I think it's getting closer and closer to where I don't want to swing this anymore and just keep accumulating. This news is very significant. If this flight went off without a hitch, Sanswire 1 should be about ready to launch and serious revenue is right around the corner.
Posted by Edster on :
Looks like we have topped out at around 2.50 Great run so far. Maybe we can get an afternoon spike up too !!!!!!
Posted by <jps> on :
Very nice. I just got out. I'll get back in very soon.
Posted by <jps> on :
I still think this is good for swinging, although I have a large long-term pile as well.
But this is very very good news and we should see a general uptrend for a long time now!
Posted by stockvaper on :
Posted by charger on :
Worth the wait.....Triple Booyah
Posted by ladybird on :
I'm buying me a dragon kite. Fair winds and good sailing, folks.
Posted by sharkone on :
Will this uptrend last a while? Is $3.00 in the near future?
Shark
Posted by Pagan on :
Looks like we may see an EOD move up. We just surpassed 3MM shares traded.
Posted by Pagan on :
quote:Originally posted by sharkone: Will this uptrend last a while? Is $3.00 in the near future?
Shark
There are 2 things to keep in mind for the immediate future. First, the commercial prototype is due for flight testing at anytime now(before end of year per previous PR's). Secondly, the military prototypes have proven out as a viable technology. So with a viable product, contracts could potentially be announced at anytime as well now.
I will continue to swing GTE, all the while maintaining a solid core position. GLTA!
Posted by imakmony2005 on :
Man i blew it got in at 1.866 and put a sell at 2.37 got back from surfing BAMM 2.40S AND IM OUT NOW LOOKING TO BUY BACK IN.HMM
Posted by R1Man on :
I got 7,566 shares at $1.58 and holding. I'm making this one a long term....say 3-5 years then sell.
With the test flight going well, I would expect another test flight with transmissions to see if the communication part works before we see any government contracts. Until then....I'm sure it will hit $2.00 again.....or lower.
Posted by jordanreed on :
I'm not so sure.
Posted by <jps> on :
I'm not so sure either. We've got some great news releases coming. I'm back in.
Posted by Pagan on :
Excellent exposure. Check out the link from Wikipedia, the free online encyclopedia.
Also, It looks like its holding pretty good....thought about dumping and then hoping to rebuying around $2.00....but at this point....I think we will see $2.65 by Dec. 15. Posted by jordanreed on :
maintaining current levels
Posted by Pagan on :
This is from MarketWatch article... Nasdaq, S&P 500 extend to four-year highs Tuesday: Chips, telecoms, gold, EBAY, PCLN, ESRX, KOSP, GTE
Company Symbol Mon Close Support Resistance GlobeTel Communications GTE $2.45 $2.20 $2.50
GlobeTel Communications (GTE: news, chart, profile) is a small-cap telecom name positioned to rise.
Since clearing a four-month downtrend in mid-October, it has sustained the breakout, maintaining a tight range. Last week, it extended from that range on increased volume, positioning it to extend its gains.
From current levels, the risk/reward can be favorable by placing a strict stop just under the breakout point around $2.20.
I think it will close at $2.48 today. I really don't see the resistance at $2.50. All I see is buys and sells for 1,000 shares at all amounts.
Posted by jordanreed on :
yikes!
Posted by Peaser01 on :
Woo Whoo. Broke through 2.50
Posted by Pagan on :
Nice to to see it break the $2.50 resistance.
Posted by Peaser01 on :
Hopefully it can hold above 2.50 today. We shall see.
Posted by Pagan on :
Broke thru $2.60
Posted by jordanreed on :
ok-- so what the el is goin on?
Posted by Pagan on :
Couple of possibilities. First, could be some shorts covering with the sudden spike in buying volume. Second, could be news coming.
Posted by jordanreed on :
I'll take the second
Posted by Peaser01 on :
Looks like closing above 2.50 won't be a problem today. LOL
Posted by R1Man on :
It had a high of $2.65 and currently at $2.58. I'm sure it will close about $2.61. I wish it could do this for the rest of the year.
Posted by Peaser01 on :
This should close near or at HOD today IMHO.
Posted by Pagan on :
The surprising part is that this uptrend is happening on no news, and on a holiday shortened week.
Posted by Peaser01 on :
Yep, the marketwatch article has people salivating at the mouth. LOL
Posted by charger on :
Looking Good
GTE - GLOBETEL COMMS CORP (AMEX) Date Open High Low Last Change Volume % Change 11/23/05 2.42 2.65 2.40 2.59 +0.17 1691300 +7.02%
Composite Indicator Trend Spotter TM Buy
Short Term Indicators 7 Day Average Directional Indicator Buy 10 - 8 Day Moving Average Hilo Channel Buy 20 Day Moving Average vs Price Buy 20 - 50 Day MACD Oscillator Buy 20 Day Bollinger Bands Buy
Short Term Indicators Average: 100% - Buy 20-Day Average Volume - 1097220
Medium Term Indicators 40 Day Commodity Channel Index Buy 50 Day Moving Average vs Price Buy 20 - 100 Day MACD Oscillator Buy 50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 100% - Buy 50-Day Average Volume - 1078590
Long Term Indicators 60 Day Commodity Channel Index Buy 100 Day Moving Average vs Price Buy 50 - 100 Day MACD Oscillator Sell
Long Term Indicators Average: 33% - Buy 100-Day Average Volume - 1071913
Overall Average: 88% - Buy
Price Support Pivot Point Resistance
2.59 2.30 2.55 2.80
Posted by imakmony2005 on :
Looking for dips.
Posted by NaturalResources on :
GTE is on the move again today. Up 0.10
Posted by Peaser01 on :
Looking good.
Posted by Pagan on :
Would be nice if we can break through the $2.82 resistance today on a shortened day. Would bode well for next week. Currently trading at 2.79
Posted by NaturalResources on :
quote:Originally posted by Pagan: Would be nice if we can break through the $2.82 resistance today on a shortened day. Would bode well for next week. Currently trading at 2.79
There you go, 2.83... lets see if we can go higher =)
Posted by NaturalResources on :
Can we break 3.00 today?
Posted by Pagan on :
Looks like we're getting ready to test $3.00
Posted by Pagan on :
$3.00 Posted by <jps> on :
It just doesn't want to stop!
Is anyone swinging, or just holding? I thought of swinging, but something is up. I might hold...
Posted by NaturalResources on :
quote:Originally posted by <jps>: It just doesn't want to stop!
Is anyone swinging, or just holding? I thought of swinging, but something is up. I might hold...
I'm holding but I've been holding since before the reverse split....
Posted by crusader30 on :
Fly GTE Fly
Posted by stockvaper on :
Unbelievable!! Posted by Peaser01 on :
Awesome day everyone. We just might get our $10/share in the coming months. All it will take is strat news and buh-bye, we're flying!
Posted by windjunkee on :
To all of us who had faith in our GTE, congrats! 8,500 shares and holding strong ! ! !
Posted by NaturalResources on :
+ 0.41 (15.83%) and 3Mil in volume on a short day. I can't wait for Monday.
Posted by jordanreed on :
kinda hung-over today, but this sure helps!! Posted by Dustoff101 on :
Not bad guys, not bad at all.. peas, bet your happy with your 401k now..
Posted by Peaser01 on :
Yep, and it's bound to keep growing. LOL The coming months should be good. This is only the beginning IMHO.
Posted by imakmony2005 on :
Very nice day.
Posted by R1Man on :
Damn.....I really want to sell it and hope for a huge dip but damn.......it keeps moving up. What are your thoughts. I'm up 89%.
Posted by imakmony2005 on :
R1MAN, If your getting antsie sell half hold the rest.BUT I THINK WERE IN AN UP TREND NOW.
Posted by R1Man on :
Thanks for the advice. It closed at $3.01. I think I'm gonna sit back and watch next week and see what happens. Its just so hard to believe that it has continued to move up trend for so long without a down day. Posted by ladybird on :
My son is thinking of investing in this stock. He has $5000 - no more. He is not married and has no debt. If you were in his shoes, how much of that money would you invest in GTE? And at what point? I am asking for pure opinion here, I understand there's no guarantee on anything in this crazy world. I'd appreciate anyone's 2 cents. Dust? Peaser? Pagan? Thanks.
Posted by Pagan on :
ladybird... Tough question. This much of a move was a bit unexpected on the shortened week with no news out. I have sold all of my swing positions and only have my core GTE position at the moment. So I'll be looking for, but not counting on, a retrace from these highs to initiate new swing positions. There is no guarantee of a retrace, especially with the strength of this weeks rally. And there is much news that may be released at any moment, but definitely before years end, concerning the Sanswire 2 test flight, military contracts, parnterships(they hinted at partnership announcement before end of year at last SH meeting). My best advice would be to watch it carefully this week to determine strength of this rally. If there is any sort of retrace, it will be shortlived and there will be a need to act quickly to catch it IMO. GTE has solid SP support in the $2.50 to $2.75 range. I would not expect a retrace(if there is one) to drop below that range. Current resistance is at $3.10, with next main resistance at about $3.40. If we manage to gap up Monday and break $3.10 resistance early, and start testing $3.40 resistance fairly early in the day, SP support level will have to be readjusted to reflect the uptrend which would put SP support in the $3.00 neighborhood. Sorry I could not give you a more definitive answer. GLTY!!
Posted by jordanreed on :
thats about as good an analysis as anyone could give. as for how much to invest? Purely personal. As for risk factor-go to....< http://www.nasdaq.com/services/riskMetrics.stm >. good luck
Posted by R1Man on :
quote:Originally posted by Pagan: ladybird... Tough question. This much of a move was a bit unexpected on the shortened week with no news out. I have sold all of my swing positions and only have my core GTE position at the moment. So I'll be looking for, but not counting on, a retrace from these highs to initiate new swing positions. There is no guarantee of a retrace, especially with the strength of this weeks rally. And there is much news that may be released at any moment, but definitely before years end, concerning the Sanswire 2 test flight, military contracts, parnterships(they hinted at partnership announcement before end of year at last SH meeting). My best advice would be to watch it carefully this week to determine strength of this rally. If there is any sort of retrace, it will be shortlived and there will be a need to act quickly to catch it IMO. GTE has solid SP support in the $2.50 to $2.75 range. I would not expect a retrace(if there is one) to drop below that range. Current resistance is at $3.10, with next main resistance at about $3.40. If we manage to gap up Monday and break $3.10 resistance early, and start testing $3.40 resistance fairly early in the day, SP support level will have to be readjusted to reflect the uptrend which would put SP support in the $3.00 neighborhood. Sorry I could not give you a more definitive answer. GLTY!!
You answered that question right. If I was looking for a short position, I wouldn't own any right now....would of sold...but long term...Its going to be a great ride.
As for the contract.....I don't see one as of yet....even though they did the test flight....and worked perfectly....the news never said if they tested the software (signals, data transfer, etc). If infact they did, I could see some contracts coming in the near future, but if they didn't, I would expect another test flight with testing these perameters.
I feel this will be a $5-7 stock within 2-3 years.....for the low balling guess. High balling guess would be $22 in 3 years.
Posted by Peaser01 on :
quote:Originally posted by ladybird: My son is thinking of investing in this stock. He has $5000 - no more. He is not married and has no debt. If you were in his shoes, how much of that money would you invest in GTE? And at what point? I am asking for pure opinion here, I understand there's no guarantee on anything in this crazy world. I'd appreciate anyone's 2 cents. Dust? Peaser? Pagan? Thanks.
Well, I'm confident enough to have this sitting in my 401K. A wee bit more that 5k invested here long. I once owned 130k shares pre-split.
I think we may have one more up day before a minor retrace.
Posted by ladybird on :
Thanks, guys. I'll wait, watch, and hopefully move quick enough if I get the chance.
Posted by Peaser01 on :
Another good thing here is that we have many new investors taking eye at GTE as we are out of OTCBB land.
Posted by jordanreed on :
somebody pinch me!
Posted by Peaser01 on :
Looking good!
Posted by Peaser01 on :
Bid is stacking up! WoW. Posted by windjunkee on :
anyone know why? Its up 45 cents already
Posted by Marcus on :
My god! Look at it go....... Almost back to the R/S point
Posted by Pagan on :
Looks like we keep testing and pulling back from the $3.40 resistance. Hopefully we can break the resistance at some point today.
Posted by Peaser01 on :
Real investors is my guess. I wonder if there may be a strat rumour floating around out there?
Posted by Pagan on :
Over 2MM volume in first hour. Average daily volume is 1MM.
Posted by <jps> on :
Looks like we will have a good steady uptrend this week. Hold on to your office chairs...
Posted by R1Man on :
Hey, how many shares are listed at $3.40 range before it breaks out....anyone???
This is crazy that this stock is doing this....when the news or the test flight came out it didn't move a whole lot but no news and it doubles and then some. Posted by R1Man on :
Do you think that maybe institutions started buying for mutual funds???
Posted by Marcus on :
My god! Look at it go....... Almost back to the R/S point
Posted by Peaser01 on :
This is great. We're getting set-up for another run tomorrow IMHO. Unbelievable.
Posted by Peaser01 on :
quote:Originally posted by R1Man: Hey, how many shares are listed at $3.40 range before it breaks out....anyone???
This is crazy that this stock is doing this....when the news or the test flight came out it didn't move a whole lot but no news and it doubles and then some.
The mutual funds just might pay attention to market watch reports. It makes quite a bit of sense really.
Posted by R1Man on :
Its looking great. I see some support at $3.35 and $3.36. It appears that it will break out $3.40 no problem.
Could we see $3.75 by weeks end????
Posted by <jps> on :
Could we see $3.75 by weeks end????
At this pace, that seems low.
Posted by imakmony2005 on :
up up up.
Posted by vwcruisn on :
this is great i have almost made my investment back now (purchased at a high point pre reverse split)... ill be holding for a while and look back one day and kick myself for not buying more when it was in the $1s.
Anybody think buying more at this level is a good idea?
Posted by R1Man on :
quote:Originally posted by vwcruisn: this is great i have almost made my investment back now (purchased at a high point pre reverse split)... ill be holding for a while and look back one day and kick myself for not buying more when it was in the $1s.
Anybody think buying more at this level is a good idea?
If your looking for long term....than any price is ok....but short term....I would wait. Then again I had unloaded some other stocks and was getting ready to dump another $12,000 in at $2.00-2.20 range but never got a chance....now I'm just sitting here scratching my head. If we could predict the future...most of us would be rich.....with the exception of the idiots. But, at this point....I have set my alerts at $3.00 low and $3.75 high. If it hits the low, I'm selling.
Also, I told a few people at work about the stock back when it was $1.20 range and co-workers looked at the charts and said I was crazy....(idiots).
Posted by ehya the fisherman on :
FSS partners with GlobeTel Our Regional Bureau / Chennai November 29, 2005 Financial Software and Systems (FSS) Plc, a player in epayments solutions provider, has enterd into a partnership with GlobeTel Communications (GTE) to develop and market stored value programmes and money remittance solutions targeting the $12 billion Indian remittance market, a press release said.
Accordingly, FSS will launch a solution combining its distribution channel and financial transaction solution with GlobeTel's advanced stored value card technology platform.
FSS, with a client base of more than 30 premium banks, plans to double its ATM and point of sales (PoS) deployment from the present 1,200 in the next three years, the release added.
Posted by Peaser01 on :
Somebody sound the Bull horn. lol
Posted by jordanreed on :
i think the r/s point was 3.63. we may see that soon
Posted by jordanreed on :
unbelievable
Posted by gmh37 on :
quote:Originally posted by jordanreed: unbelievable
We might see $5.00 soon
gmh37
Posted by windjunkee on :
I held through the R/S and held when it went to $4.00, held when it went down but added more at $2.60, $2.20 and $1.80. Didn't add at $1.20 (kicking myself for that one) and was liquidating some others to buy in when it was at $2.00 on the rebound. Never got the chance. Gotta love it though
Posted by George on :
I wish I was in again with you guys....I missed getting in several times because my funds were tied up. No regrets yet because I have made money on the others but GTE has always been my baby...
Posted by stockvaper on :
I've been holding since months before the R/S and even accumulated more whenever it dipped under $ 2 post R/S. I have to admit, it caused me some concern at times but it has me smiling again now.
Posted by NaturalResources on :
big dip going on now.... right after the institutional buy?
Posted by R1Man on :
It looks like its going to pull through the dip.
Posted by sharkone on :
What happened...it dropped 30 cents since the high this morning...will it rebound, or is it time to sell and take profits?
Posted by R1Man on :
That is what I'm debating on....I'm up 111%.
Posted by R1Man on :
Sold........probably gonna kick myself in the pants but better safe than sorry.....I'm looking into jumping in again on a dip.
Posted by jordanreed on :
good idea-- solid uptrend--catch the dip while it lasts-- we can expect news of comm. strat. test flight at any time. Dont get caught like George did Posted by NaturalResources on :
Bollinger bands tightening up.
Posted by NaturalResources on :
Just tied LOD * 3.25 Let us hope it makes a turn around here otherwise I think it might go way lower.
Posted by Edster on :
Seems like everytime it get down to the 3.25 level, AMEX jumps in with a large sized bid (around 80,000 * 3.25) to provide some support to keep it from going lower.
Posted by NaturalResources on :
quote:Originally posted by Edster: Seems like everytime it get down to the 3.25 level, AMEX jumps in with a large sized bid (around 80,000 * 3.25) to provide some support to keep it from going lower.
Yes I noticed that as well. I think if this thing can break 3.28-3.30 we will have a good EOD rally.
Posted by NaturalResources on :
New LOD * 3.2399
Posted by NaturalResources on :
quote:Originally posted by NaturalResources: New LOD * 3.2399
Well there goes the bottom...
Posted by jordanreed on :
it has to do this to gain support. its a natural process in a strong stock. this small retrace is nothing to worry about.its finding its level so it can build strentgh for the next leg up.check out the short,mid,and long-term charts.they show an impressive and positive future. This will be a great opportunity for more people to jump onboard
Posted by R1Man on :
quote:Originally posted by NaturalResources:
quote:Originally posted by NaturalResources: New LOD * 3.2399
Well there goes the bottom...
I hope it does whatever you guys want but come friday....it better crash so I can get back in.....jk.
Posted by sharkone on :
Will it bounce back a little, or keep dropping...any predictions?
Posted by Edster on :
quote:Originally posted by sharkone: Will it bounce back a little, or keep dropping...any predictions?
Well the pre-market right now shows a bid at 2.99....... probably an indication that it'll keep dropping.
Posted by <jps> on :
My swing position is out now.
Posted by <jps> on :
I should say "was" out--I got scared and jumped back in! It's going up again.
Posted by ehya the fisherman on :
Volume: 2,091,800 Avg Vol (3m): 1,153,580
volume looking good
Posted by Pagan on :
GlobeTel’s Announces the Appointment of J. Randolph Dumas to the Position of Executive Vice Chairman.
FORT LAUDERDALE, Fla.—November 30, 2005--GlobeTel Communications Corp (Amex: GTE) today announced the appointment of J. Randolph Dumas to the position of Executive Vice Chairman and Director. In this new position, Mr. Dumas will be expanding on his previous role as a joint venture partner in Sanswire Europe.
Mr. Dumas, a resident of London, England, has lived and worked in Europe for the past 25 years. He was a partner of Salomon Brothers International Limited responsible for the firm's European corporate finance, mortgage securities and real estate investment banking businesses for a number of years. Subsequently, Dumas founded and became the Managing Partner of two prominent private equity firms: Dumas West & Co (a 50:50 partnership with the “Baby Bell” telecommunications company, US West) and Rubikon Partners, a firm focusing on European leveraged buyouts founded by Mr. Dumas, Henry Kissinger, Thomas McLarty and Leo A. Daly III. Dumas has had extensive experience working in virtually every business sector and in every country within Europe, Asia and in much of the Middle East. He maintains strong relationships in these countries at the highest levels.
“Mr. Dumas’ demonstrated ability to develop, lead and manage all aspects of a global business, including establishing and maintaining an extensive, high-profile and worldwide relationship network will be a great asset to GlobeTel and represents a significant step towards new areas of growth for our company,” commented Timothy Huff, GlobeTel’s CEO. “We are confident that his expertise and decades of business experience will have a strong and early impact on the long-term success of GlobeTel Communications and its five business units.” Mr. Dumas’ appointment is effective immediately.
About GlobeTel Communications Corporation:
GlobeTel Communications Corp. is a diversified Telecommunications and Financial Services company. GlobeTel operates business units in stored value debit cards, as a certified financial transactions processor; the sale of carrier-grade VoIP of long distance to major long-distance re-sellers, VoIP technology, wireless radio technology and development, and high-altitude airship research and development. These self-contained business units were developed to operate independently of each other. The symbiotic relationship, however, provides value to each of the other business units. This strategy offers GlobeTel financial diversity and risk mitigation while striving toward its operating objectives.
Operating on a global basis, GlobeTel has historically focused its business development on markets outside of the United States. Current operations and business relationships exist in Asia, Europe, South America, Mexico and the Caribbean.
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect" "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements. Sanswire Networks and the launch of the Company's high-altitude airship are subject to various risk factors and investors should construe any such investment as speculative. The above are more fully discussed in the Company's SEC filings
Posted by jordanreed on :
it just gets better and better
Posted by Toolguy on :
In the same boat as vw on this got in before r/s.Approaching my buy in price now.I should've been flipping it like the majority, but i'm new to this and learning.
Posted by jordanreed on :
may have found support here at or around 3 bucks
Posted by NaturalResources on :
No interest from the big money in the last 2 days. American_Bulls.com has given a wait signal the last two days as well.
quote:Originally posted by NaturalResources: No interest from the big money in the last 2 days. American_Bulls.com has given a wait signal the last two days as well.
I like that site you posted. Very interesting.
Posted by Pagan on :
quote:Originally posted by NaturalResources: No interest from the big money in the last 2 days. American_Bulls.com has given a wait signal the last two days as well.
Don't make too much out of Am Bulls ratings for GTE. They also posted a SELL at $2.04 right before this big uptrend of the last few weeks.
From Am Bulls below: (note the %gain was actually even higher since we touched $3.66)
"Our system posted a WAIT today. The previous SELL recommendation that was confirmed was made on 10.26.2005 (37) days ago, when the stock price was 2.0400. Since then GTE has gained 55.39%."
Posted by R1Man on :
thanks
Posted by Edster1 on :
What will be the effect of this news on share price --- thinks it puts a cap on any significant price increase -- in fact it may put downward presure on the share price.
DJ GlobeTel Commun Registers 10M Shrs On Behalf Of Holders
WASHINGTON (Dow Jones)--Telecommunications company GlobeTel Communications Corp. (GTE) registered on Monday 10 million common shares that may be offered for sale from time to time by certain shareholders, according to a form filed with the Securities and Exchange Commission.
Steelhead Investments Ltd., Nite Capital LP, and SRG Capital LLC purchased notes convertible into common stock from GlobeTel in August, the filing said.
About half the shares have a proposed maximum price of $2.50, the rest a proposed maximum price of $3.35.
GlobeTel Communications won't receive any proceeds from the sale of the shares by the selling stockholders, according to the filing.
Shares of GlobeTel traded recently at $3.25, down 3 cents, or 0.9%. The company has about 80.7 million shares outstanding.
-By Ed Welsch, Dow Jones Newswires; 202-862-1356; edward.welsch*dowjones.com
Posted by Pagan on :
Edster, I think the little dip earlier was the only effects you will see from the filing. This was planned from the financing arrangement back in August. Nothing unusual or unforseen about today's filing IMO.
Posted by Edster1 on :
quote:Originally posted by Pagan: Edster, I think the little dip earlier was the only effects you will see from the filing. This was planned from the financing arrangement back in August. Nothing unusual or unforseen about today's filing IMO.
Thanks Paga - Hope you are right!!!!
Posted by NaturalResources on :
quote:Originally posted by Pagan: Don't make too much out of Am Bulls ratings for GTE. They also posted a SELL at $2.04 right before this big uptrend of the last few weeks.
From Am Bulls below: (note the %gain was actually even higher since we touched $3.66)
"Our system posted a WAIT today. The previous SELL recommendation that was confirmed was made on 10.26.2005 (37) days ago, when the stock price was 2.0400. Since then GTE has gained 55.39%."
I agree. Am Bulls ignores the specifics of the company and uses only the candlestick method to decide a buy or sell recommendation. It does not factor in things like the history or the prospects of a company. It is a good guide but cannot take the place of knowledge of the company you are investing in. In other words, always do your DD.
Posted by R1Man on :
hmmmmm.....LOD $3.06....think it will hit $2.90's by friday???? I need back in!!!
Posted by airdoo on :
off to a rough start in the early a.m. but now seems to be coming back a bit.
Posted by NaturalResources on :
Buy advertisment from "the big money" today and Am Bulls has switched to BUY-IF. Of course, use these sources only as a guide. Do your own DD.
GlobeTel Announces Letter of Intent with Marcatel S.A. de C.V.; Commercial Alliance Will Provide Wireless Communication to 20 Cities in Mexico
FORT LAUDERDALE, Fla.—December 5, 2005--GlobeTel Communications Corp (Amex: GTE) today announced that it has signed a Letter of Intent (LOI) to provide wireless telecommunication services in up to 20 cities throughout Mexico. The LOI was signed in conjunction with its wholly owned subsidiary, GTCC de Mexico S.A. de C.V., its Mexican partner, BTC S.A. de C.V., and Marcatel S.A. de C.V., a Telecom Mexican corporation located in Monterrey, Nuevo Leon.
Marcatel is one of the largest carriers in Mexico, providing service to over 80,000 business customers through its 20 customer care centers located throughout the country. The company offers voice services, carrier infrastructure, and IP and data solutions. Marcatel provides integrated communication services including local telephony, long distance, 800 numbers, and prepaid calling cards, calling cards with international coverage, as well as telephony administration and cost-control systems. Marcatel's IP broadband data services include Internet access using DSL, dedicated and wireless access, dial-up and private lines. The company also provides carrier services, such as dark fiber, private lines, and co-location and spectrum frequencies for microwave access, as well as Contact Center services that complement its offerings to provide the best integral solutions for their clients.
The parties have agreed to start testing the wireless system in the city of Monterrey, utilizing GlobeTel’s proprietary wireless technology and Marcatel’s strengths as a carrier in the Mexican market. Once the testing period is complete to the parties’ satisfaction, they intend to enter into definitive agreements. It is planned that the installation of the pilot will take place in Q1 2006.
“I am very excited about the advanced wireless technology that GlobeTel is bringing to our company. This new alliance will substantially strengthen our ability to offer the Mexican public a wide range of voice and data high quality services at a reasonable price,” stated Mr. Carlos Montemayor, General Director of Marcatel.
Mr. Ulrich Altvater, President of GlobeTel Wireless, a subsidiary of GlobeTel Communications Corporation, stated, “I am pleased to be able to demonstrate and roll out our new combined WLAN / DECT infrastructure in Mexico. This is the most advanced integrated wireless voice and data solution available today. The city of Monterrey is a perfect candidate to benefit from this advanced technology that can later be extended to the rest of the country.”
Mr. Timothy Huff, Chief Executive Officer of GlobeTel, commented that GlobeTel’s ability to partner with strong local companies in different countries provides Globetel with “a competitive edge” over other providers. “I am delighted to work with such a well respected company as Marcatel. I believe that joining forces with them will bring a world-class level of connectivity to Monterrey and to Mexico, and we look forward to a long and productive business relationship. We believe that our wireless technology is superior to any product in the marketplace and this, along with our other pilots, will demonstrate that. We expect significant opportunities in the wireless marketplace.”
About GlobeTel Communications Corporation:
GlobeTel Communications Corp. is a diversified Telecommunications and Financial Services company. GlobeTel operates business units in stored value debit cards as a certified financial transactions processor; the sale of carrier-grade VoIP of long distance to major long-distance re-sellers, VoIP technology, wireless radio technology and development, and high-altitude airship research and development. These self-contained business units were developed to operate independently of each other. The symbiotic relationship, however, provides value to each of the other business units. This strategy offers GlobeTel financial diversity and risk mitigation while striving toward its operating objectives.
Operating on a global basis, GlobeTel has historically focused its business development on markets outside of the United States. Current operations and business relationships exist in Asia, Europe, South America, Mexico and the Caribbean.
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect" "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements. Sanswire Networks and the launch of the Company's high-altitude airship are subject to various risk factors and investors should construe any such investment as speculative. While the Company believes that the pilot program and the acceptance is significant, there are factors that could affect the actual results. The above are more fully discussed in the Company's SEC filings
Posted by jordanreed on :
print that news and look what happens. How did we miss that on the 5th?
Posted by imakmony2005 on :
im holding now up pretty good.
Posted by ehya the fisherman on :
I was happy to find out, these last couple weeks put me at a 63% gain. Would love some commercial news out on this.
Posted by jordanreed on :
GlobeTel Announces Letter of Intent with Marcatel S.A. de C.V.; Commercial Alliance Will Provide Wireless Communication to 20 Cities in Mexico
By BusinessWire Last Update: 12/7/2005 11:51:01 AM Data provided by
FORT LAUDERDALE, Fla., Dec 07, 2005 (BUSINESS WIRE) -- GlobeTel Communications Corp. (GTE) today announced that it has signed a Letter of Intent (LOI) to provide wireless telecommunication services in up to 20 cities throughout Mexico. The LOI was signed in conjunction with its wholly owned subsidiary, GTCC de Mexico S.A. de C.V., its Mexican partner, BTC S.A. de C.V., and Marcatel S.A. de C.V., a Telecom Mexican corporation located in Monterrey, Nuevo Leon.
Marcatel is one of the largest carriers in Mexico, providing service to over 80,000 business customers through its 20 customer care centers located throughout the country. The company offers voice services, carrier infrastructure, and IP and data solutions. Marcatel provides integrated communication services including local telephony, long distance, 800 numbers, and prepaid calling cards, calling cards with international coverage, as well as telephony administration and cost-control systems. Marcatel's IP broadband data services include Internet access using DSL, dedicated and wireless access, dial-up and private lines. The company also provides carrier services, such as dark fiber, private lines, and co-location and spectrum frequencies for microwave access, as well as Contact Center services that complement its offerings to provide the best integral solutions for their clients.
The parties have agreed to start testing the wireless system in the city of Monterrey, utilizing GlobeTel's proprietary wireless technology and Marcatel's strengths as a carrier in the Mexican market. Once the testing period is complete to the parties' satisfaction, they intend to enter into definitive agreements. It is planned that the installation of the pilot will take place in Q1 2006.
"I am very excited about the advanced wireless technology that GlobeTel is bringing to our company. This new alliance will substantially strengthen our ability to offer the Mexican public a wide range of voice and data high quality services at a reasonable price," stated Mr. Carlos Montemayor, General Director of Marcatel.
Mr. Ulrich Altvater, President of GlobeTel Wireless, a subsidiary of GlobeTel Communications Corporation, stated, "I am pleased to be able to demonstrate and roll out our new combined WLAN / DECT infrastructure in Mexico. This is the most advanced integrated wireless voice and data solution available today. The city of Monterrey is a perfect candidate to benefit from this advanced technology that can later be extended to the rest of the country."
Mr. Timothy Huff, Chief Executive Officer of GlobeTel, commented that GlobeTel's ability to partner with strong local companies in different countries provides GlobeTel with "a competitive edge" over other providers. "I am delighted to work with such a well respected company as Marcatel. I believe that joining forces with them will bring a world-class level of connectivity to Monterrey and to Mexico, and we look forward to a long and productive business relationship. We believe that our wireless technology is superior to any product in the marketplace and this, along with our other pilots, will demonstrate that. We expect significant opportunities in the wireless marketplace."
Posted by jordanreed on :
Stockwire.com: The Movers and Shakers Blog, Part 2
By M2 Last Update: 12/8/2005 10:14:49 AM Data provided by
MIAMI, Dec 08, 2005 (M2 PRESSWIRE via COMTEX) -- We like stocks trading big dollar value volume! A very interesting indicator to look for is where the money is flowing into. We have a filter that we watch every morning that shows us "Dollar Volume". We also like stocks that are trading at bargain prices. As of 10:30AM, a couple of these stocks are: (GTE), (ARD), (CBJ), (SVA)
To feature your publicly traded company in our alerts, email us at getfeatured*stockwire.com
For the nine months ended 30 September 2005, Globe Tel Communications Corp.'s revenues totaled $60M, up from $14.5M. Net loss totaled $15.5M, up from $4.7M. Revenues reflect an increase in revenues from Centerline & its subsidiaries and higher revenue from telecommunications. Higher loss reflects increase in cost of sales, increase in payroll & related taxes and presence of commission expense to related party.
Posted by jordanreed on :
beautiful close * hod
Posted by Pagan on :
quote:Originally posted by jordanreed: beautiful close * hod
High of the Week as well. Bodes well for next week IMO.
Posted by BuyTex on :
spamming gets you banned, justsoyouno
Posted by jordanreed on :
idiot
Posted by sharkone on :
Will this come back down a little? Seems there is much interest in the stock with no news. What's up?
Shark
Posted by jordanreed on :
I retract my "idiot" remark cuz he's gone now. Posted by BuyTex on :
lol
Posted by PENNY PIRATE on :
Things are looking very good for GTE now. The Core Business has positioned itself globally. The military seems to be very interested in our technology. The recent contract with Lockheed is verification of this. GTE will get a piece of the pie also IMO. We may even see some kind of partnership with LM. Our Communications Strat should be surfacing in the news soon. In any case, our PPS is moving in the right direction and Institutions seem to be buying these cheap shares. It looks like we will be moving to new highs very soon. Keep the faith and hold on to those shares, IMO it is very risky to trade shares the way we have been moving. GLTYA!
Posted by jordanreed on :
3.69
Posted by ehya the fisherman on :
Just chugin along nice and steady
Posted by Pagan on :
$3.80
Posted by <mlewis> on :
Any news?
Posted by Peaser01 on :
No News, I still see GTE going to $10 in February.
Posted by glassman on :
i canceled all of my GTC sell orders Posted by Peaser01 on :
lol
Just wait until this goes above $5 and Cramer pumps it when someone calls it in.
Posted by stockvaper on :
Cramer likes the big cap stocks like Delta, GM and K-Mart. LOL Posted by ehya the fisherman on :
What is a GTC sell order?
Posted by B-Man on :
Good Till Canceled
Posted by Edster on :
quote:Originally posted by ehya the fisherman: What is a GTC sell order?
I believe that this is a "Good-to-Cancel" order meaning that it stays open until you specifically cancel it.
Posted by B-Man on :
What is moving our stock so nicely?, I like it!!
Posted by Pagan on :
quote:Originally posted by Peaser01: lol
Just wait until this goes above $5 and Cramer pumps it when someone calls it in.
Speaking of that numbskull Cramer. Check the link below for his worst calls ever. GTE currently ranks #2 the list.
cramer IS bringing people back to the market tho....
i can't watch the show, too much like a circus, but there are a lot of inexperienced people starting to listen to him...
Posted by Pagan on :
quote:Originally posted by glassman: cramer IS bringing people back to the market tho....
i can't watch the show, too much like a circus, but there are a lot of inexperienced people starting to listen to him...
My brother-n-law loves watching Cramer. But I think it is purely for the entertainment value. If you ever watch CNBC and they have Cramer on during the day to talk about stocks, they immediately throw up a huge disclaimer after his segment to absolve themselves of any responsibility relating to his stock picks & pans.
Posted by Pagan on :
btw...we just touched $3.90
Posted by <jps> on :
Almost at $4... can we hit it today? Hope this week continues to be this good!
Posted by windjunkee on :
I'm a long time holder ... just sold 6500 shares at $3.97. I'm convinced theres going to be an adjustment soon as the RSI is WAY over 70. I'm thinking of re-entering with the whole wad at $3.50. Does anyone think I'm crazy for selling now or is a downward adjustment inevitable?
Posted by sharkone on :
I agree windjunkee...the RSI is over 80, and no major news...I'm going to wait and re-enter later.
Sharkone
Posted by <jps> on :
Shouldn't you sell when it starts going back down, instead of what it keeps going up?
Posted by Pagan on :
quote:Originally posted by windjunkee: I'm a long time holder ... just sold 6500 shares at $3.97. I'm convinced theres going to be an adjustment soon as the RSI is WAY over 70. I'm thinking of re-entering with the whole wad at $3.50. Does anyone think I'm crazy for selling now or is a downward adjustment inevitable?
There's nothing wrong with taking profits by any means, especially when swinging. But, that being said, it would be scary to be completely out of GTE at this point in the game. I say this for 3 reasons. The first is that Sanswire 2 is scheduled for test flight before year end. Second, partnerships or contracts could be announced at anytime. And third, 4 of the last 5 PR's have been released on Wednesdays. GLTA!
Posted by windjunkee on :
Pagan, I agree that we're on the verge of a break through here, especially when the commercial version is set for test flight soon, but we're up close to 250 percent in the past month and a half. We're finally over the transition price and we've seen huge jumps just in the past week. I suspect that there are some automatic sell orders sitting on $4.00 and with the RSI the way its looking right now, there's bound to be an adjustment. I didn't panic when my $22k investment was reduced to $7800. I'm just thinking that an adjustment is inevitable before it continues its upward trend. If I make 50 cents a share and buy back in at $3.50 before it rebounds, thats not inconceivable, given the history of this stock in the past year. Its at or near its 52 week high right now. Believe me, I've swung this thing before and I believe that $10 is reachable within 6 months to a year. However, I didn't anticipate the dramatic drop the last time it reached $4/share and paid for it. I'm not going to be out for long, its just nice to see some green in the GTEL numbers of my portfolio and I got an itchy trigger finger
Posted by Pagan on :
Looks like GTE may gap in the AM.
After Hours Dec. 13, 2005 Last: $ 4.06 After Hours High: $ 4.06 After Hours Volume: 8,900 After Hours Low: $ 3.95
After Hours Time (ET) After Hours Price After Hours Share Volume 18:45 $ 4.06 500 18:41 $ 4.06 600 18:23 $ 4.02 300 18:10 $ 4 100 18:10 $ 4 200 16:45 $ 3.95 5,000 16:03 $ 3.95 1,200 16:02 $ 3.96 1,000
Posted by cruz on :
sold here at 3.95. will get back in if strong break of 4 happens. i think 4 is a strong resistance here.
Posted by cruz on :
i know the feeling windjunkee.
quote:Originally posted by windjunkee: Pagan, I agree that we're on the verge of a break through here, especially when the commercial version is set for test flight soon, but we're up close to 250 percent in the past month and a half. We're finally over the transition price and we've seen huge jumps just in the past week. I suspect that there are some automatic sell orders sitting on $4.00 and with the RSI the way its looking right now, there's bound to be an adjustment. I didn't panic when my $22k investment was reduced to $7800. I'm just thinking that an adjustment is inevitable before it continues its upward trend. If I make 50 cents a share and buy back in at $3.50 before it rebounds, thats not inconceivable, given the history of this stock in the past year. Its at or near its 52 week high right now. Believe me, I've swung this thing before and I believe that $10 is reachable within 6 months to a year. However, I didn't anticipate the dramatic drop the last time it reached $4/share and paid for it. I'm not going to be out for long, its just nice to see some green in the GTEL numbers of my portfolio and I got an itchy trigger finger
Posted by charger on :
Don't sell too soon Barchart has 100% BUY and resitance at 4.25... news will really make this take off
GTE - GLOBETEL COMMS CORP (AMEX) Date Open High Low Last Change Volume % Change 12/13/05 3.61 3.98 3.57 3.96 +0.39 2566700 +10.92%
Composite Indicator Trend Spotter TM Buy
Short Term Indicators 7 Day Average Directional Indicator Buy 10 - 8 Day Moving Average Hilo Channel Buy 20 Day Moving Average vs Price Buy 20 - 50 Day MACD Oscillator Buy 20 Day Bollinger Bands Buy
Short Term Indicators Average: 100% - Buy 20-Day Average Volume - 2006290
Medium Term Indicators 40 Day Commodity Channel Index Buy 50 Day Moving Average vs Price Buy 20 - 100 Day MACD Oscillator Buy 50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 100% - Buy 50-Day Average Volume - 1445860
Long Term Indicators 60 Day Commodity Channel Index Buy 100 Day Moving Average vs Price Buy 50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 100% - Buy 100-Day Average Volume - 1191481
Overall Average: 100% - Buy
Price Support Pivot Point Resistance
3.96 3.43 3.84 4.25
As far as Cramer is concerned... whenever anybody makes a stock pick on these channels they have read a disclaimer to cover their asses... its not just for Cramers picks
Posted by R1Man on :
This sucks....I sold at $3.325 a while back and the next day it hit $2.80 but couldn't get back in because of funds transfer crap....then it hits $3.50 and moves back down and look at it now. WTF......I had 7,566 shares.....crap. I hope this moves back down soon....sorry fellas.
Posted by glassman on :
hey headsup....
GTE, a new company building suborbital space craft was just mentioned in the financial section of my local TV news station......
and let's just say i live a little "off the beaten path"
Posted by Dustoff101 on :
I wonder if Pagan has become a millionaire off this stock?
Like the tuff old Timex, it just keeps right on ticking! UPPPPPPPPPP
Posted by <jps> on :
Still going up! 4.26!
This is a great week.
Posted by sharkone on :
Is it too late to buy back in...I'm afraid it will drop dramatically again. Any encouraging news on the horizon?
Sharkone
Posted by Peaser01 on :
Looking for $10 in February, that is all I can say.
Posted by <jps> on :
Now might be a good time to buy back in, it dropped pretty rapidly but seems to be holding again.
Posted by <jps> on :
Okay, it was a good time to buy in, it's up again. Posted by B-Man on :
If the thinking is 10 dollars by feb then any buy in under 5 dollars is a good buy don't you think?
Posted by <jps> on :
Agreed!
Posted by B-Man on :
Just pick up some more at 4.09 Have been in when it was .20 And have been accumulateing all year, should have great results with the test flight by next year.We should all have a great year 2006
Posted by Pagan on :
Exciting and volatile day. I did manage one pretty solid swing. Still maintaining a core position. Added another swing position during the heavy volume of the last hour today, will swing that if it trends up tomorrow, or will add another swing position if it retraces any further. I would think it very possible to see a PR tomorrow to solidify a new base in the $3.75 to $4.00 range IMO. GLTA!!
Posted by B-Man on :
Are we looking at a test flight befor the end of the year? does any one have some info on this premise.
Posted by Pagan on :
quote:Originally posted by B-Man: Are we looking at a test flight befor the end of the year? does any one have some info on this premise.
Below is a couple of relevant excerpts from the GTE 3rd Quarter Business Update that should answer your questions.
GlobeTel 3rd Quarter 2005 Business Update and Shareholder Letter FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Aug. 2, 2005--
"Our Sanswire Two Airship, which is currently under construction, will incorporate all the technological features of our final commercial vehicle. It will represent a major "leap" in virtually every area, based on the much-improved power and weight ratios which we are now able to access. Speaking of "ratios", our launch of Sanswire Two will also have the major shareholder benefit of considerably reducing whatever operational and testing risks which might have previously existed. In other words, our "risk-reward" ratio will be enhanced and, from a shareholder's perspective, this is a key consideration. Thus, as currently planned, we expect to put our new high-tech Sanswire Two vehicle through its most demanding operational paces, at altitude, before the end of this year. On the commercial front, we are in advanced funding discussions with several government and commercial parties who have fully embraced the world-changing nature of this new wireless platform. Because we have signed Non-Disclosure Agreements with several of these parties, we are not permitted, at this stage, to disclose their identities. However, we are optimistic that, during the course of the next couple of months we will have secured one or more "strategic partnerships". We are in advanced discussions with parties through our presence in Latin America and through our Sanswire Europe Joint Venture. If these negotiations continue to advance in the productive and favorable way they have to date, then we can confirm that these multi-national parties have the demonstrated capability, and desire, to provide funds for research, development and deployment of Stratellites in amounts that are measured in potentially hundreds of millions of dollars. Our commercial objectives are to enter into two regional partnerships with governments and/or with multinational TMT (Technology, Media and Telecommunications) organizations during the course of the next 12 months. These "partnerships" are being structured in such a way that Sanswire will provide the technology, manpower, export licenses and ground operations in return for the capital required to manufacture, assemble and operate the Sanswire Fleet in those regions. And, in all cases, Sanswire will exclusively own, and be in a position to fully protect, all of its proprietary technology from any potential competitors."
Posted by B-Man on :
Thank you, your insight in our adventure is very inlighting.
Posted by Edster on :
Pretty big drop off to 3.86 EOD in the the last hour or so yesterday. What are prospects of downtrend continuing - maybe get to a new buy-in point today.
Posted by Pagan on :
We have support at $3.66. This could be bottom bounce swing entry Posted by jordanreed on :
loaded up a little more at 3.79
Posted by B-Man on :
Never saw such a drop at the EOD coming that hurt, still learning! Even today is sporadic
Posted by jordanreed on :
profit taking is all. not to worry. steady uptrend. LTH for me
Posted by R1Man on :
looking good for me....I still need to get back in you know.
Posted by jordanreed on :
we're waitin fer ya. maybe it will hit 3.63 again. you waitin for that?
Posted by windjunkee on :
I'm looking for $3.50 as a reentry point. I'm seeing the RSI backing off a little but not enough to believe the price adjustment is done. I was sweating bullets though when I sold on tuesday at $3.96 and it ran up to almost $4.40 in the morning yesterday.
Posted by imakmony2005 on :
sweet.
Posted by ehya the fisherman on :
Just a thought,
I think a lot of people may need their money around this time of the year, and will try to get back in after the holidays. Maybe ... Maybe not. Posted by <unregistered user> on :
I bought in waiting for it to go up.
I also bought in INSM which will go up anyime I believe in the early new year.
Check out Able Labs. ABRXQ which is reorganising. I have already made 2k and looking for it to continue up the charts.
Smokem if you gott'em.
Posted by jordanreed on :
[ December 16, 2005, 09:27: Message edited by: jordanreed ]
Posted by B-Man on :
Need help what is RSI and how do you guys know when you are going to swing trade our stock, because so far I suck at trying to read what is going on, don't get me wrong I have not lost money on gte but have not sold anything eather, how do you read what is going on as to when to sell? Just need to gather some knowledge, for future.
Posted by glassman on :
b-man.... this is a good place to start reading....
reading charts is an art, however? people have become so "dependant" on them in the last few years that many of the indicators are almost impossible to ignore...
bouncin off 3.68(7). test flight any day now. Hang on! hope you're all locked and loaded
Posted by Pagan on :
Looking good for a new swing entry. Keep your eyes on the prize Posted by ehya the fisherman on :
I would say this is the last chance for bargain buying.
Posted by ehya the fisherman on :
Natural, thanks for posting that video, never heard mention of the skydragon. Looks very promising.
Posted by Pagan on :
Added a new swing here in the .30's. Should be an interesting day tomorrow!
Posted by jordanreed on :
3.43 for me---pulled the trigger a little early
Posted by ehya the fisherman on :
Just added more to my position. It may go a little lower heading toward Christmas, but I think it will turn around quickly following the holiday.
Posted by Edster1 on :
Will try and add some more tomorrow morning at around 3.33 if I can. If the test flight happens before the end of the year - it should push this baby up to over 4.5 easily.
Posted by windjunkee on :
DANNNNNG I'm feeling pretty smart right about now
Posted by jordanreed on :
quote:Originally posted by windjunkee: I'm looking for $3.50 as a reentry point. I'm seeing the RSI backing off a little but not enough to believe the price adjustment is done. I was sweating bullets though when I sold on tuesday at $3.96 and it ran up to almost $4.40 in the morning yesterday.
nice call!! Posted by B-Man on :
Glassman Thank you, the RSI was still close to 70 so I sold at 3.70 back in at 3.30 hope it was not to soon, we will see?
Posted by R1Man on :
quote:Originally posted by windjunkee: DANNNNNG I'm feeling pretty smart right about now
Your not the only one....I think its going to hit $2's before years end....sorry fellas
Posted by Edster on :
Looks like it is setting up for a DOWN opening - hope not too far down but the L2's don't look too good right now
Posted by jordanreed on :
quote:Originally posted by R1Man:
quote:Originally posted by windjunkee: DANNNNNG I'm feeling pretty smart right about now
Your not the only one....I think its going to hit $2's before years end....sorry fellas
maybe...but doubt it. pr on test flight any time now. if that does not happen,,then you may be right.
Posted by <jps> on :
Sometimes I love this stock.
Sometimes I hate it.
Posted by jordanreed on :
you got that right!! Posted by BchOus on :
Anyone familiar with the SNX and MID exchanges, that seems to be a major part of the activity on www.otcbb. level II.
Posted by BchOus on :
Or am I not understanding the Level II's? Thanks
Posted by <jps> on :
This is a tough call. I don't want to sell because I could miss a huge upswing. But then, I don't want to get stuck in the same boat as last time. But we know we have that test flight very soon...
I think I'll keep it. Anyone else staying?
Posted by jordanreed on :
memememeeeeee!
Posted by <DWS> on :
I just came in for another 2G.... this thing is going to fly... it is a question now of limiting your losses. I have posted a stop limit in the 2.80 range and will ride this out. If it drops below 2.80 I will cut my losses and get back in after it settles. I have faith that this will soar in the next 8 weeks.
Posted by NaturalResources on :
I'm not sure what this means, but there was an advertisement for a 200k institutional buy this morning as the price approached 3.00$
I'm sticking this roller coaster out. You can never tell when it'll take off. (No stratellite pun intended).
[ December 21, 2005, 13:08: Message edited by: stockvaper ]
Posted by <jps> on :
What goes down, must go up. Right? Posted by ehya the fisherman on :
I wish I had more money available to add to my position, all I see is an amazing bargain.
Posted by George on :
I missed the last run up but will be looking for bottom this time to get back in. 1.40 was my last target re-entry but I missed it.
Posted by R1Man on :
quote:Originally posted by jordanreed:
quote:Originally posted by R1Man:
quote:Originally posted by windjunkee: DANNNNNG I'm feeling pretty smart right about now
Your not the only one....I think its going to hit $2's before years end....sorry fellas
maybe...but doubt it. pr on test flight any time now. if that does not happen,,then you may be right.
Sorry........But the real question is..HOW LOW WILL IT GO???? I don't think it will go any lower than $2.35 from now until years end. I'm still sitting back.....Good luck all.
Posted by jordanreed on :
thanks Posted by NaturalResources on :
My goodness, what a dip today. I was tempted to sell but with the HUGE institutional buy this morning, I just couldn't. Maybe it was the wrong move but I find it hard to go against a $600,000 purchase.
GLTA
Posted by R1Man on :
quote:Originally posted by NaturalResources: My goodness, what a dip today. I was tempted to sell but with the HUGE institutional buy this morning, I just couldn't. Maybe it was the wrong move but I find it hard to go against a $600,000 purchase.
GLTA
I still don't see your institutional purchase you posted. Can you paste the link if you don't mind. If you are correct....that will make things interesting!!
I still feel $2.35 by years end.
Posted by imakmony2005 on :
GOING UP...
Posted by NaturalResources on :
quote:Originally posted by R1Man:
quote:Originally posted by NaturalResources: My goodness, what a dip today. I was tempted to sell but with the HUGE institutional buy this morning, I just couldn't. Maybe it was the wrong move but I find it hard to go against a $600,000 purchase.
GLTA
I still don't see your institutional purchase you posted. Can you paste the link if you don't mind. If you are correct....that will make things interesting!!
GlobeTel Announces Marketing Agreement With Travelex
By BusinessWire Last Update: 12/22/2005 9:17:01 AM Data provided by
FORT LAUDERDALE, Fla., Dec 22, 2005 (BUSINESS WIRE) -- GlobeTel Communications Corp. (GTE) today announced that it has signed, along with GlobeTel's venture partner, Grupo Ingedigit (GI), a marketing agreement with Travelex Currency Services, Inc. (Travelex).
Under this marketing agreement GlobeTel and GI are providing a technological and commercial solution that enables Travelex to offer its Travelex Money Transfer (TMT) service to thousands of retail merchants strategically located throughout the USA. Specifically, the TMT service will be faster and more convenient for these retailers to administer and will enable TMT to better meet the demand of the large and growing population in the U.S. that regularly sends money within the U.S. and abroad.
GlobeTel expects to begin implementing the solution exclusively with Travelex starting in early January, with a major rollout planned during 2006.
About Travelex and Travelex Money Transfer
Travelex is the world's largest foreign exchange specialist, with offices in 35 countries, nearly 700 retail branches and 16,000 commercial customers. The company's retail branches are located at key airport, seaport and rail locations, in addition to worldwide tourist and business centers. Nearly 40 percent of the world's airline passengers, over 1.3 billion people, pass through airports at which Travelex's business operates. This includes the major gateways at London, New York, Hong Kong, Frankfurt and Sydney. Travelex operates two North American foreign exchange trading floors - located in New York City and Toronto. The company has strategic partnerships with leading global organizations including: American Automobile Association (AAA), British Airways, The Royal Bank of Scotland, Barclays Bank and The Bank of New York. Travelex is the world's largest non-bank provider of Commercial Foreign Exchange services, one of the world's leading providers of outsourced travel money and one of the world's oldest issuers of Travellers Cheques. In North America, Travelex is also a leading provider of travel insurance products and services.
Travelex Money Transfer is a wholly owned subsidiary of Travelex PLC. Launched in the United States and Canada early in 2004, TMT has rapidly expanded its international agent network providing money transfer services at very competitive rates using a web-based platform to complete transactions accurately and expediently. TMT currently offers its money remittance service in more than 130 countries.
About Grupo Ingedigit:
GI is a well established international financial transaction processor certified by MasterCard International and other financial networks, and the leading electronic financial transactions services backbone provider for the banking industry in Venezuela. GI software and processing platform currently supports major international bank sponsored financial services programs.
About GlobeTel Communications Corporation:
GlobeTel Communications Corp. is a diversified Telecommunications and Financial Services company. GlobeTel operates business units in stored value debit cards, as a certified financial transactions processor; the sale of carrier-grade VOIP of long distance to major long-distance resellers, VOIP technology, wireless radio technology and development, and high-altitude airship research and development. These self-contained business units were developed to operate independently of each other. The symbiotic relationship, however, provides value to each of the other business units. This strategy offers GlobeTel financial diversity and risk mitigation while striving toward its operating objectives. GlobeTel's International Stored Value technology creates an almost unlimited spectrum of new solutions and business opportunities which are expected to significantly increase its revenues and profits.
Operating on a global basis, GlobeTel has operations and business relationships in the U.S., South America, Mexico, the Caribbean, Asia, and Europe.
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect" "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements. The agreement with Travelex does not provide for guaranteed revenue to GlobeTel. Therefore, while GlobeTel believes that the agreement is of significant value, there are no guarantees that said revenue will materialize. Sanswire Networks and the launch of the Company's high altitude airshipare subject to various risk factors and investors should construe any such investment as speculative. The above are more fully discussed in the Company's SEC filings.
SOURCE: GlobeTel Communications Corp.
Posted by Pagan on :
Good to see some of their core business segments moving forward.
Posted by R1Man on :
Moving down........
Posted by R1Man on :
quote:Originally posted by NaturalResources:
quote:Originally posted by R1Man:
quote:Originally posted by NaturalResources: My goodness, what a dip today. I was tempted to sell but with the HUGE institutional buy this morning, I just couldn't. Maybe it was the wrong move but I find it hard to go against a $600,000 purchase.
GLTA
I still don't see your institutional purchase you posted. Can you paste the link if you don't mind. If you are correct....that will make things interesting!!
I guess I didn't read it closely the first time. Thanks!
Posted by jordanreed on :
blowin thru support!! dammit Jim!!!!
Posted by Peaser01 on :
Looking for it to start climbing back up with the New Year. I'm in it long. By this time next year, I'll be sitting pretty I strongly believe. This is all based on the success of the first scheduled commercial strat launch.
Looking for a nice Feb 2006.
Posted by <jps> on :
I've taken some out. I'll buy back in when it starts going up. But I've still got my long position in.
Posted by R1Man on :
Hey, I seriously believe in my prediction of $2.35. When it hits....I have $40,000 sitting here ready to move in. The lowest this baby could go would be $2.15 and that is stretching it a lot. I just don't think "WE" and others are going to miss out on such a opportunity. I'm with Glassman.....I'm seriously looking for the long run of this stock. Really looking to holding for 3-5 years....but had to sell when a stock moves up like this one did for no reason.
Good luck all....
Posted by <jps> on :
GlobeTel Communications Announces Resignation of Laina Raveendran Greene from The Board Of Directors
December 26, 2005 15:00:01 (ET)
FORT LAUDERDALE, Fla., Dec 26, 2005 (BUSINESS WIRE) -- GlobeTel Communications Corp. (GTE, Trade) today announced that Laina Raveendran Greene has resigned from the Board of Directors for personal reasons. The Board would like to place on record their appreciation for her contribution to the company.
A replacement will be appointed as part of the wider process of restructuring and strengthening the Board, announced recently by GlobeTel's Chairman, Sir Christopher Meyer.
Posted by R1Man on :
Maybe it will fall pretty hard from the news....The end of the news makes people wonder:
A replacement will be appointed as part of the wider process of restructuring and strengthening the Board, announced recently by GlobeTel's Chairman, Sir Christopher Meyer.
Posted by <jps> on :
Maybe, but at least they said "strengthening"!
Posted by <jps> on :
Still going down.
Posted by <jps> on :
So we're still expecting news of the launch, right? That should be any day now.
Posted by jordanreed on :
correct
Posted by <jps> on :
Well, it seems to have support in the 2.68-2.7 range. I only see up from here! Can't wait for the news, this will FLY back.
Posted by <jps> on :
Going up finally. News soon?
Posted by B-Man on :
R1Man just wondering if you jumped back in the game with the 40,000 are you still on the side lines????
Posted by cruz on :
GTE receives a warning of non-compliance from AMEX.
Posted by Pagan on :
Already taken care of. No further action to be taken.
Globetel Communications Corp. Receives Warning Letter from the American Stock Exhange FORT LAUDERDALE, Fla., Dec 27, 2005 (BUSINESS WIRE) -- Globetel Communications Corp. (AMEX:GTE) today announced that it has received a "warning letter" from the American Stock Exchange stating that the Company was not in compliance with AMEX rules regarding the listing of additional shares.
Specifically, GlobeTel had not filed an Application to List Additional Shares with regard to certain share issuances the Company made since its initial listing in May 2005. The Company has subsequently submitted the application to the AMEX. According to the letter, the AMEX has determined not to apply at this time continued listing evaluation and follow-up procedures. The Company has also amended its share issuance procedures to assure future compliance.
Posted by R1Man on :
quote:Originally posted by B-Man: R1Man just wondering if you jumped back in the game with the 40,000 are you still on the side lines????
Sort of.....I jumped in MDII for 7,500 shares $1.11 and sold $1.18. Also, I jumped in PRGX for 3,000 shares$0.76...out $0.80....made a little today.
But I am seriously want back in GTE....but waiting for $2.35 for entry.
Posted by R1Man on :
Hey, with the warning letter.....it might drop pretty good Wednesday.
Posted by <KRW> on :
Hopefully there will be no drop as the warning letter has already been addressed... in addition GTE was droped from the Naked Short watch list which will further help support it. I hope for the sake of all of us long that we never see 2.35. All that is needed for this to reverse course is a succesful high alltitude demonstration.
Posted by Edster on :
Already down .15 in pre-market activity.
Posted by <jps> on :
Hopefully there will be a steady climb now. I seriously doubt we'll see 2.35 again, as it has support at 2.7 and we're past that now (and hopefully will stay past!).
Posted by <dws> on :
leveling of in pre-market
Posted by <jps> on :
Looks like it will be at this range until it takes off.
Posted by Edster on :
Anyone hear any more about another scheduled flight test before the end of the year????
Posted by R1Man on :
quote:Originally posted by Edster: Anyone hear any more about another scheduled flight test before the end of the year????
Not going to happen. Maybe in January, but not anytime soon. Think about it.....most people are on Holiday shutdown/vacation now. So who would the demonstrate it to? Also, people like to blow off thoughts but most thoughts are only thoughts......even though Huff said another flight will happen before the end of the year....does that really mean that....there are several factors that have to be taken in account for a successful flight:
Weather Availability of the right people News Media Testing preperation for take off ETC.
Thanks for the naked short heads up...didn't realize it was on there. Maybe we won't see $2.35....but it would be nice for my sakes.
Posted by <jps> on :
Well, they will be giving at least an update on it by the end of the year, with hopefully some good news. They said they would.
Posted by RiescoDiQui on :
Looks like a healthy consolidation after the last run. 50/200 MA's are about to cross. MACD starting to round the bottom. Price trend is starting to round the bottom as well. Might think about an entry this week.
Posted by windjunkee on :
I agree the MA's are nearly equal, but I'm still seeing alot of selling pressure. I don't think its done yet. I bought in a few thousand shares at $3.05. I'm in a holding pattern with the balance of my GTE-designated money though. I'm waiting for the right time to buy back in and don't think we're there yet.
Posted by Edster on :
Down .23 already and no support level in sight.
Posted by <jps> on :
Might be the last dip! Get in while you can!
Posted by stockaholic on :
Falling today... Come to papa! I' didn't think I was going to be able get back in where I wanted. Now I'm about to change my order. This might go under $2 if there are no updates immediately after the first of the year.
Posted by Peaser01 on :
Well, someone got their 2.35
Posted by Dustoff101 on :
Swing time? hmmmmmm how many times we seen this...
Posted by <jps> on :
now I'm about to change my order.
I've found that when I think like that, I usually miss the boat!
Posted by Pagan on :
Lookin for the swing. Hard to call a bottom on this with the holidays and EOY though Posted by stockaholic on :
True... I'm itching to pull the trigger but it keeps dropping
Posted by Edster on :
Don't think we will see much of a swing until after the holidays. Hopefully we'll get some news from the company - remember they were projecting another flight by the end of the year. That won't happen but I think they will send out some news plus we'll get the 4th quarter report.
Posted by B-Man on :
THIS HURTS, I love to hate this stock!!!!!!!!!!
Posted by Edster on :
Maybe some of this sell-off is for EOY tax purposes. Need to book those losses before Uncle Sam comes to collect !!!!!!!!
Posted by <jps> on :
Need to book those losses before Uncle Sam comes to collect
But then you just pay when you get gains. Doesn't seem to make much sense.
Posted by R1Man on :
quote:Originally posted by Peaser01: Well, someone got their 2.35
Not yet...but I will Friday....I tied my money up yesterday when the stock didn't drop like I thought....crap........I just dumped $14,000 in MCEL at $1.36, $10,000 in CMGI at $1.53 and the rest in RGR for a swing trade. Looks like I'll be selling real fast.
Well, Actually today was a VERY VERY BAD DAY for the stock market...lots of stocks dropped pretty good today.....maybe people are just scared of the long weekend...????
I still believe in this company 100% and even thought your down now....your all will be FAT CATS in the end.
Posted by Dustoff101 on :
I think I better buy some..........2.14
Posted by R1Man on :
I sold UBET...CMGI.....HAYZ......INNO....RGR....but couldn't sell MCEL....I would of killed the stock price...probably knocked it down to $1.27.
Friday will be a good day!
Dustoff101.......I would jump in with all you got if I was you. I am!!
Hey, but a few serious questions......Remember I predicted $2.35 with a possible low of $2.25.....what the hell happened?????? I think the LOD was $2.11. Is everyone scared now that there was no news of a test flight??? Will it reach 1's???? We really need to think about these questions!!!! WHY the sudden drop???
I SERIOUSLY thought it would of crashed yesterday after the AMEX news, but it held up.....however it crashed today with NO NEWS Posted by imakmony2005 on :
Got more at 2.23 going to buy on all .30 drops from here on out. SWING FOR THE FENCE.
Posted by RiescoDiQui on :
Technically as far as a chartist is concerned, yesterday this stock was at the crossroads between healthy consolidation and imminent plunge.. Today we found out which.
Posted by R1Man on :
quote:Originally posted by imakmony2005: Got more at 2.23 going to buy on all .30 drops from here on out. SWING FOR THE FENCE.
Congrats.......I might have to look under the cushions for more money....maybe take an equity loan out.......let GTE pay my house off and then some.
Posted by imakmony2005 on :
You got that right R1Man.
Posted by R1Man on :
Hey, I was talking with a guy who used to be a broker....he pointed out this....
Ok......so what happens if this company is going to make it real big and the cable and phone companies are in danger and offer Mr. Huff who is 39 making $400k a nice stock option and a bump on the salary and do the same for the others. If this would occur....it would be a disaster for GTE.....do you think this senerio is possible?.....Any thoughts???
Also, if a Oil company finds oil and a promising supply and requires financing to get started drilling.....do you think Mobil won't tell the banks to let the company hang and pay them off just to take over the business? This stuff happens all the time.....Look at all the Lobbiest......why have them when all they do is pay people off to avoid company issues.
Could the stock drop to $1.75 or even worse.....$1.50???? I hope not but then again....I haven't bought back in yet.
Posted by R1Man on :
hey Glassman......I can't get in until tuesday at the earliest....so....guess I won't get my $40,000 worth yet.
But then again.....maybe it will drop some more Posted by <jps> on :
0 volume still? Huh?
Posted by <jps> on :
What is going on today. Just 500 volume and it went down 7%!
Posted by <jps> on :
Heading up now 25%... what a weird day!
Posted by <jps> on :
Alright! Hopefully the 2.30's will be gone forever.
Posted by stockfever on :
It's going nuts
Posted by jordanreed on :
bout effin time!!!
Posted by BuyTex on :
truly...saw a 2.3505, lol, now up to 2.60 and spinning...now new HOD...
Posted by keithsan on :
news
Posted by stockfever on :
News!!!
Posted by airdoo on :
is there news or something??
Posted by jordanreed on :
la,la,la,la,la,...are we happy now?
Posted by <mlewis765> on :
GlobeTel Wireless to Install $600 Million WiMax Wireless Network in 30 Largest Russian Cities Business Wire - December 30, 2005 10:10
FORT LAUDERDALE, Fla., Dec 30, 2005 (BUSINESS WIRE) -- GlobeTel Communications Corp. (AMEX:GTE) today announced that its GlobeTel Wireless subsidiary has entered into a binding agreement to install wireless communications networks in 30 cities throughout the Russian Federation, providing broadband, VOIP and DECt technologies.
GlobeTel Wireless has entered into an agreement with LLC Internafta ("Internafta") of Moscow, Russia, whereby Internafta will pay to GlobeTel Wireless a series of four construction payments totaling US$600 million for the installation of an array of proprietary networks to be installed in Russia's 30 largest cities, starting with Moscow and St. Petersburg. GlobeTel Wireless will both manage the completed network and will retain an ongoing 50% shareholding in the operations of the network, allowing the Company to enjoy the significant benefits of the recurring revenue stream. GlobeTel plans to roll out the network in 3 stages, comprising 10 cities each, over the next 27 months.
Over the past six months, GlobeTel has had a number of key meetings with officials at various levels of the Russian Government, including senior members of the Russian Parliament (the "Duma") and various branches of the Russian telecommunications and technology establishment. In early October, following months of preliminary discussions, GlobeTel CEO Timothy Huff - along with GlobeTel Wireless President, Uli Altvater and Sanswire President Bob Jones - demonstrated a working version of the HotZone 4010 equipment that will form the backbone of the new 30-city network. At that demonstration, the HotZone 4010 system successfully provided internet and DECT phone connectivity inside the Duma Building, quickly establishing its capabilities and ease of use. Largely upon the strength of that presentation, GlobeTel immediately entered in substantive negotiations with a group of prominent Russian investors for the implementation of the network which has resulted in today's agreement.
Posted by George on :
News for 'GTE' - (GlobeTel Wireless to Install $600 Million WiMax Wireless Network in 30 Largest Russian Cities)
I knew I should of got back in yesterday..I keep pushing my luck with this one....Looking good for you guys.....
WOW...600 million....
Posted by stockfever on :
Saw the news. Tried to get in at 2.34. Filled me only 100 shares out of 2000. lol
Posted by George on :
This could do 100% today with this news...I got no funds in my account...all tied up..
Posted by <mlewis765> on :
got mine yesterday at 2.18 and am holding
Posted by windjunkee on :
happy f'ing new year. I picked up 4k shares yesterday at 2.30 and saw it drop this morning. Thought we'd see it in the dollar range again by the end of the day. Dancin' Now ! Gooooo GTE
Posted by BuyTex on :
congrats to all who played the dip...Happy...what? 6th Day of Christmas...
Posted by <jps> on :
Thank God. I was getting worried!
Posted by Danny12345 on :
damn i sent the check to the broker yesterday and got no fund left in the account.... was gonna get in on this one ...s.dfslffjslfjldsfjfjslfjsfjfk.. fudge
Posted by stockvaper on :
GlobeTel Wireless will both manage the completed network and will retain an ongoing 50% shareholding in the operations of the network, allowing the Company to enjoy the significant benefits of the recurring revenue stream. ------------------------------------------------- Posted by Dustoff101 on :
quote:Originally posted by Dustoff101: I think I better buy some..........2.14
----------------------------------------------- Got in at $2.19........... Just looked in that account....
WOW! I'm happy.
Posted by ehya the fisherman on :
I'm up 75% today.
Posted by George on :
This is amazing good news for GTE....besides the strat news will be out soon and I thought that was what would send it to the moon...but this news is actually better I think...600 mil plus recuring revenue.....
Posted by <jps> on :
Can it break 4? Some resistence there. If it breaks that...
Posted by <jps> on :
Ride might be over.
Posted by crusader30 on :
Oh My, Oh My Posted by George on :
quote:Originally posted by <jps>: Ride might be over.
No way...it is just the first chance they got to shake it a little...this baby will finish the day at 100%+
Posted by George on :
News for 'GTE' - (**********: GlobeTel Communications (GTE) SqueezeTrigger Price Is $2.04. Short Sellers Are Down Approximately $5.5 Million After Company Signs $600 Million Russian Wireless Deal.)
Dec 30, 2005 (M2 PRESSWIRE via COMTEX) -- **********, www.**********, announced today that the 4.05 million shares declared short on GlobeTel Communications (AMEX: GTE) have a SqueezeTrigger Price of $2.04 per share. GlobeTel Wireless has entered into an agreement with LLC Internafta ("Internafta") of Moscow, Russia, whereby Internafta will pay to GlobeTel Wireless a series of four construction payments totaling US$600 million for the installation of an array of proprietary networks to be installed in Russia's 30 largest cities, starting with Moscow and St. Petersburg. GlobeTel Wireless will both manage the completed network and will retain an ongoing 50% shareholding in the operations of the network, allowing the Company to enjoy the significant benefits of the recurring revenue stream. GlobeTel plans to roll out the network in 3 stages, comprising 10 cities each, over the next 27 months. Short sellers are down approximately $5.5 million as the stock is currently trading near $3.40. To access SqueezeTrigger Prices ahead of short squeezes beginning, visit http://www.**********/squeezetrigger.pdf.
From May to November of this year, an aggregate amount of 23,717,114 shares of GTE have been shorted for a total dollar value of $48.2 million. The GTE SqueezeTrigger price of $2.04 is the volume weighted average price that all shorts are short in shares of GTE. Since crossing above the SqueezeTrigger Price, shares of ENER are up nearly 66%. There is still approximately $13.8 million worth of potential short covering in shares of GTE.
GlobeTel Communications Corp. (AMEX: GTE) provides telecommunication services. Its services involve Internet telephony using Voice over Internet Protocol (VoIP) equipment. The company's core products and services comprise telephony services that include international wholesale carrier traffic; networks; and prepaid calling services and IP Telephony. It offers prepaid calling services, which allow carrier customers and reseller customers to sell their own branded prepaid calling cards and allow their customers to make both domestic and international calls; and IP Telephony services, including conference calling, call forwarding, emergency services, voice mail, and multiple lines. GlobeTel provides nontelephony products and services, which include stored value card programs and outsourced stored value services for the international banking and telecommunications community. It also provides network management services to customers, which includes testing routes, troubleshooting, and service requests. In addition, the company develops a national wireless broadband network utilizing high-altitude airships called Stratellites, which are used to provide wireless voice, video, and data services. GlobeTel has virtual networks serving callers in Venezuela, the United Kingdom, Australia, China, Philippines, and Malaysia; and physical networks serving customers in Hong Kong, Brazil, and Mexico. The company is based in Pembroke Pines, Florida.
********** has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger for each stock that has been shorted. The SqueezeTrigger database of nearly 500,000,000 short sale transactions goes back to January 1, 2005 and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005 because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like ********** to access the data.
The SqueezeTrigger database collects individual short trade data on over 7,000 NYSE, AMEX and NASDAQ stocks and general short trade data on nearly 8,000 OTCBB and PINKSHEET stocks. Each month the database grows by approximately 50,000,000 short sale transactions and provides investors with the knowledge necessary to time when to buy and sell stocks with outstanding short positions. By tracking the size and price of each month's short transactions, ********** provides institutions, traders, analysts, journalists and individual investors the exact price point where short sellers start losing money and a short squeeze can begin.
Naked short selling is the illegal act of short selling a stock when no affirmative determination has been made to locate shares of the stock to hypothecate in connection with the short sale. ********** has built a proprietary database that uses Threshold list feeds from NASDAQ, AMEX and NYSE to generate detailed and useful information to combat the naked short selling problem. For the first time, actual trade by trade data is available to the public that shows the attempted size, actual size, price and average value of short sales in stocks that have been shorted and naked shorted. This information is valuable in determining the precise point at which short sellers go out-of-the-money and start losing on their short and naked short trades.
Posted by imakmony2005 on :
YES YES YES
Posted by windjunkee on :
is this the highest dollar volume day this company has ever seen? I can recall higher volume, but at a quarter a share, not at $4.00 a share
Posted by Peaser01 on :
According to the PR out today, I would have to guess that it's safe to say that all systems are go with the Strats!! Still looking for $10 in Feb. 2006.
Posted by RiescoDiQui on :
Intraday pennant forming.. this could easily go again
Posted by imakmony2005 on :
IF WE CLOSE RIGHT HERE IM LOVING IT.
Posted by <jps> on :
I sold my swing position at 3.75 ... made a nice Christmas gift
I hope to buy in again once it settles back down and it shows a green trend. Next good PR (this was a very good one) and it should leave $4 in the dust.
Posted by imakmony2005 on :
IM holding tuesday this news will get it flying.
Posted by twright2k4 on :
best news evar!!111 got back in yesterday at 2.20
Posted by <jps> on :
I hope so too (I've still got a long position), but I've learned the hard way not to take profit when it's in front of me! Posted by imakmony2005 on :
you cant get hurt if you take profits.
Posted by <DWS> on :
Well folks that was awesome.... I had to take my profits as it has been a bad year with some real donkeys.... hope I can get back into this soon though.... GTE is going to move well beyond its current range very soon.
Posted by R1Man on :
WTH.........I didn't get my funds settled and didn't get back in.........RRRRRRRRRRRRR!!!!!!!!
Posted by Danny12345 on :
gonna go over 4 this time..
Posted by <moneymoneymoney> on :
I think so too. I am in with a 100 shares but know I should fork out much more for this one. This sure seems like a go getter company trying to boost sales and it on its way up.
Smokem' if you gottem
Posted by Dustoff101 on :
I took some profits at $3.88..... The rest I'm actually going to tuck away..Who woulda thunk,eh?
When I got back in yesterday I sure as hell didn't expect this!!!!
Posted by Peaser01 on :
Just sold at 3.92
BOOOOOOHH YAAAHHHH!
Posted by Peaser01 on :
Looking to buy back more shares on a dip. Come to Big Poppy! Gotta love seeing a 100% gain in the old 401K.
Now I just have to find the right time + day to reload for the next run. Congrats to all profit takers today!!
Posted by imakmony2005 on :
ILL let 1000 go at 4.18.
Posted by twright2k4 on :
break through 4 baby... hell, a couple weeks ago it blasted through 4 with no news at all...
bust the roof off!
Posted by imakmony2005 on :
TUESDAY $$$$$$$$$$$ DAY.
Posted by Peaser01 on :
Dusty, Did you break that 100K for the year yet?
Posted by George on :
quote:Originally posted by Peaser01: Dusty, Did you break that 100K for the year yet?
Not me... I get a write off this year thanks to PLNI, Qbid, and CNES... I should of stayed with GTE because it is the only one I have ever really made any good money on.....
Posted by imakmony2005 on :
GAP OPEN TUESDAY.
Posted by NaturalResources on :
quote:Originally posted by imakmony2005: GAP OPEN TUESDAY.
GTE up in afterhours trading. *$3.77
Posted by PENNY PIRATE on :
Now that was exciting! This is great news and I did not even see any clues about Russia. I expect to have a great 2006 with GTE. I hope everyone has all the shares they can get their hands on, China, Australia, India will be next. Have a Happy New Year and tell the family about this one.
Posted by NaturalResources on :
This thing is still going..... Up to $3.79 in afterhours trading with 2 more hours to go.
Posted by ehya the fisherman on :
stoped at 3.83 in afterhours, up on tuesday,hahaha
Posted by NaturalResources on :
Anyone have any predictions for tomorrow? GTE has gotten a lot of attention over the weekend.
Also, GTE closed up on the European exchanges today. Are they reacting to the news from Friday?
Posted by BchOus on :
Will probably go higher for a few days and then do its usual sell off. I am sorry I didn't buy more shares at $2.20 but it could drop back again. Charts look bullish, Stockcharts.com Point and Figure shows it bullish to 10.50.
Posted by Peaser01 on :
4.00+ in pre-market.
I'm looking for a little pull-back before I get back in over the next week or two.
Posted by sharkone on :
4.15+ in pre-market now...
predictions...will it go to $5 today? Anyone?
Posted by <jps> on :
I was thinking it was going to settle a little, but it got A LOT of press over the long weekend. Lots of new investors will be looking...
Posted by <jps> on :
Whoa. I'm back in. Ride this a little...
Posted by <jps> on :
What do you think? Back up again, or down?
Posted by windjunkee on :
don't think we're going to see $4.50 again today, but what a ride it was to watch on the L2's.
Posted by sharkone on :
This crazy ride is driving me crazy...I jumped in again this morning and now I'm down...I'm just a little too trigger happy sometimes. Newbie mistakes...
Shark
Posted by <jps> on :
Yeah, I sold again. I got in at 4.25, and should have sold at 4.45 but didn't do it. I make that mistake all the time! Lost a little, but I'll make more after this settles down a bit.
Posted by <moneymoneymoney> on :
I bought at 4 sold at 3.2 and took a loss. I have since jumped back in at 3.56 and am holding till it hits near its target price. I am accumulating more little at a time but do expect this to outperform for the whole yr.
Gl and I too am learning but that comes with time, hopefully.
Smokem if you got'em
Posted by jordanreed on :
stop selling!!!
Posted by Peaser01 on :
This seems to be following the same path it did the last time it broke $4 for the day a week or two ago. Up early, then finished in the red for the day.
Posted by imakmony2005 on :
EOD 3.98 ARE HIGHER ,IMHO
Posted by <moneymoneymoney> on :
But this time they have a 600 million dollar Russian deal and seems not to be stopping there. Mexico and what next. I'm still buying. I think they will be a sure winner. I like go getters
Smokem if you got'em
Posted by Peaser01 on :
Good luck monkey.
money, I believe that GTE is a winner as well, I'm looking to buy back around 3.00 if I am so lucky.
Posted by imakmony2005 on :
SOLD SOME AT 4.14 GOT UM BACK AT 3.83 STILL ON THE RIDE.
Posted by Peaser01 on :
Smart move monkey. Good Job getting some extra shares.
Posted by imakmony2005 on :
THANKS,Peaser
Posted by ehya the fisherman on :
3.96 bid
Posted by George on :
quote:Originally posted by Peaser01: Good luck monkey.
money, I believe that GTE is a winner as well, I'm looking to buy back around 3.00 if I am so lucky.
I want 1.70 again before the real launch....
Posted by Peaser01 on :
1.70 is pushing it Geo. I'd like it as well; however, I do not believe that GTE will never be below $2 again Geo. The only way that I can see GTE getting that low again is if they are in violation of some AMEX rule. That is the only way IMHO.
Posted by <moneymoneymoney> on :
Yea, I don't see it going below 2 either. I think it will not go below 3 anymore but then again I'm not a professional, yet. For me, I'm still accumulating more. Gl ta
Pray for the Miner's families or give them your thoughts.
Smokem if you gott'em
Posted by Peaser01 on :
quote:Originally posted by imakmony2005: THANKS,Peaser
YW
Posted by George on :
quote:Originally posted by Peaser01: 1.70 is pushing it Geo. I'd like it as well; however, I do not believe that GTE will never be below $2 again Geo. The only way that I can see GTE getting that low again is if they are in violation of some AMEX rule. That is the only way IMHO.
I was joking...I am still pissed because I had that as a reentry price but I did not get back in then. The trend was down and I was going to wait then you know what happened....
Posted by Peaser01 on :
I'm hoping to see under 3.00 to buy back in during the next few days.
Posted by Edster on :
quote:Originally posted by Peaser01: I'm hoping to see under 3.00 to buy back in during the next few days.
WOW - under 3.00 would be a very nice place to buy-in but is there enough sell prerssure to get it down that low. Looks like it is sititng in the 3.60 to 3.70 range right now.
Posted by Peaser01 on :
It shouldn't take too long with drops of .20 in a day IMO. I believe that the only thing that will hold it up for a day or two now is a PR.
Posted by <mlewis> on :
Anybody have any thoughts on end of day? We came back purty strong off the low.
Posted by Peaser01 on :
It sure did recover nicely. I'm still waiting, with the drop that happened last week, I'm a little standoffish right now. I'm waiting to see which way the MACD decides to turn over the next few days.
Posted by <mlewis> on :
Good call.. I put some money on the side yesterday if it breaks up I'm all in,but any sign of a pullback from here and I'll take some more off the table. GLTA
Posted by Peaser01 on :
Thanks. I think that we'll see some better prices to buy back in at over the next week unless a freak PR or Earnings come out.
Posted by Peaser01 on :
Who in the heck bought at 3.92 after hours? My only question is why, when the last price was 3.80?
Back to 3.81.
Posted by <jps> on :
Might have been shorting.
Posted by Peaser01 on :
Probably a market order.
Posted by imakmony2005 on :
its a winner.
Posted by <jps> on :
Michael P. Castellano Joins GlobeTel Communications Corp.`s Board of Directors
January 05, 2006 11:50:01 (ET)
FORT LAUDERDALE, Fla., Jan 05, 2006 (BUSINESS WIRE) -- GlobeTel Communications Corp. (GTE, Trade), a premiere provider of communication products and enhanced value added services, announced today the appointment of Michael P. Castellano to the Board of Directors. Mr. Castellano will also fulfill an important role as Chairman of GlobeTel's Audit Committee as an independent director and a qualified financial expert under Sarbanes-Oxley. He will also serve on GlobeTel's Compensation and Nominating Committees. His appointment is effective immediately. Mr. Castellano succeeds Laina Raveendran Greene, who recently stepped down from the Board for personal reasons.
Michael P. Castellano is a certified public accountant with more than 40 years of experience in the financial sector. His distinguished career includes executive positions in corporate accounting, finance, and administration at renowned companies such as Avis, Inc., E.F. Hutton, Inc., and Fidelity Investments. At Fidelity, he held the positions of Vice President and Corporate Controller and was later appointed Senior Vice President and Chief Accounting Officer of the Fidelity Institutional Group. Later assignments included the positions of Executive Vice President and Chief Administrative Officer at Kobren Insight Group where he became a member of the Board of Directors in 1997. He was also a director and head of the Audit Committee for Puradyn Filter Technologies from 2001 through 2005 and ResortQuest International, a New York Stock Exchange listed property management company, from 2002 until November 2003 when it was acquired by Gaylord Entertainment. Mr. Castellano currently serves as a director and chairman of the Audit Committees of Sona Mobile and Sun Capital Advisers Trust.
"Mr. Castellano is an excellent addition to our Board and I am delighted to extend to him our warmest welcome," commented Sir Christopher Meyer, Chairman of GlobeTel's Board of Directors. "He brings a depth and breadth of corporate accounting experience that will complement the strengths of our Board's other members."
"I am excited to have been elected to the Board of Directors of GlobeTel Communications," said Castellano. "I feel that my extensive financial and business experience, as well as my experience as the chairman of other audit committees, will greatly benefit the Corporation and its investors. I have looked very closely at GlobeTel and I am thrilled to be able to make a contribution to a company with such great potential at this key stage in its development."
Posted by imakmony2005 on :
STILL A WINNER.IMHO
Posted by NaturalResources on :
link didn't work for me...on a Mac, right now, so that could be it....
Posted by jordanreed on :
nice article
Posted by B-Man on :
Man that really spells it out to people who have not been following gte, as we have, it just gets better and better, I knew there is a reason we just keep buying more it is just a matter of time!!!!!!!!
Posted by <DWS> on :
Can anyone suggest a Good re-entry Point?
Posted by jordanreed on :
if it makes it to the two's.
Posted by B-Man on :
Man I would love to see it get to the two dollar range, does everyone really think it can get there again? If the test flight is announced all bets are off, also will the Russia deal show up in the fourth quarter of last year?
Posted by jordanreed on :
IF there is no pr..then yes i think it will.keeps dropping a little each day. But, like, you said...once the test of the comm. strat... then we are off and running. new deals are in the works. what i wouldnt do is sell all and wait for a lower buy-in. always keep a core position just in case. Who knows?... we may have the pr....NOW!!!!
Posted by stockvaper on :
I agree with keeping a core amount at least....any day could bring news of a government (any government, any department) contract for strats or the commercial strat.
Posted by B-Man on :
Good advice I have learned to keep a core, and am now playing two swing position just to always keep me in the game, you just never know with gte what is in the works, and what is going to be unveiled. That is the fun in believing in such a new company.
Posted by airdoo on :
dropping like a rock!! is there bad news out or something???
Posted by jordanreed on :
typical
Posted by imakmony2005 on :
bamm wow, had an order in for 4k shares at 3.49 sooooo glad the crash happened in A/H.
Posted by imakmony2005 on :
3.30 in A/Hs thats not to bad?
Posted by cruz on :
Man! Motley Fool knows how to beat a stock down.
Posted by abram on :
Let's get something straight. GlobeTel is not the next Qualcomm (Nasdaq: QCOM), Cisco (Nasdaq: CSCO), Nokia (NYSE: NOK), Motorola (NYSE: MOT), or Skype -- now owned by eBay (Nasdaq: EBAY). It's pretty tough to be a WiMAX or VoIP powerhouse given the measly $1 million it spent for the year for research and development as of the latest reports for 2005 -- with much of that going to the blimps, it appears.
It's not even the next Qwest (NYSE: Q), though, in fact, it's closer to that company than any of the high-tech network folks that speculators might confuse it for.
That's because GlobeTel gets 100% of its revenue from the dirty old phone biz, something it's so good at -- and by good I mean bad -- that its margins are zero (when they're not negative) right after the cost of goods sold. And it only loses more money as you move down the income statement.
And this is how things go with GlobeTel. According to the information I've got from Capital IQ, GlobeTel has lost a grand total of $43.9 million since 2000, and it's also running cash-flow negative. It survives on loans and stock sales.
The challenge GlobeTel has so far declined to provide me with the most basic contact information about the Russian partner (its PR contact explained to me that it would be highly unusual for a company to provide such information. I find that highly unusual.) She did promise to send my request further up the food chain. I'm not asking them to show me the money. Just show me the phone number.
I'd love to talk with these folks about their past accomplishments in the WiMAX world, hear about their expertise with these systems, their plans for the future, and why they chose a company like GlobeTel for this impressive-sounding deal. Finally, I'd like to know why, on the strength of the single, limited, in-building wireless network demo described in the press release, someone would decide to spend $600 million on an otherwise unproven wireless infrastructure. (Especially when the blimps that GlobeTel has been touting can supposedly spread broadband to an area the size of Texas for a cost of about $30 million each.)
Foolish bottom line If I hear anything, I'll report it in this space. Until there's some real information that makes this announcement look the least bit likely, investors should assume that this deal, like the blimp announcements, is nothing but hot air.
Huh.
Posted by R1Man on :
OUCH......Monday is going to hurt! The article does have a point.
Posted by jordanreed on :
this article is pure B.S....sounds like somebody has an axe to grind. the last sentence is basically saying that there is no blimp. we know that to be false!! This Goddamn crap really pppiisssesss me off!!!WHO WROTE THIS ARTICLE??/!!give me a break!!Of course it gets its revenue fron the phone biz... where else?? companies lose money..to make money... it takes time and patience.There is no flying blimp... we know that... but we are betting on that there will be....its in the prelim stages.testing,,testing,,testing,,..and prs... that is where we make our money!! and just because they didnt answer this dweebs question? who cares>? not me.. for every article like this, you can find a dozen to support the exact opposite... that is exactly the kind of posting we dont need!!!!
Posted by PENNY PIRATE on :
Problem solved. 8K is out and the FOOLS look like the FOOLS! Gap up Monday. GTE looks stronger than ever now, the deal is in writing(8K). If you sold in panic, get back in. Keep the faith and hold on to those shares.
Posted by <JavMan> on :
I was just looking to see if anyone had read the 8k other than me, but aperently someone did. I am new to all this but this should be a good thing right? Something to maybe put it higher than it was before? Monday we should see some upswing. Can't wait.
Posted by B-Man on :
What is the 8k you guy's are talking about? Sorry just having a hard time following and tring to keep up with everything that is being said or printed about GTE
Posted by cruz on :
when GTE was on the OTCBB and took off, a bashing article was written to drive the stock down. same thing happening here.
the motely fool article did raise some valid points.
this is an interesting point made below -
Finally, I'd like to know why, on the strength of the single, limited, in-building wireless network demo described in the press release, someone would decide to spend $600 million on an otherwise unproven wireless infrastructure. (Especially when the blimps that GlobeTel has been touting can supposedly spread broadband to an area the size of Texas for a cost of about $30 million each.)
Posted by <JAvMan> on :
The 8-k is on their page under investor relations.
==JavMan
Posted by ladybird on :
Finally, I'd like to know why, on the strength of the single, limited, in-building wireless network demo described in the press release, someone would decide to spend $600 million on an otherwise unproven wireless infrastructure. (Especially when the blimps that GlobeTel has been touting can supposedly spread broadband to an area the size of Texas for a cost of about $30 million each.)
Good question. Ya think the Russians might know something about Globetel that this guy is not privvy to? Some people can't imagine that they could be "out of the loop," so to speak.
Posted by JRAM007 on :
I have been reading this board and investing in GTE for about a year now. It seems to have a fair share of haters out there. An unusual amount of bashers. I am a rookie at this and only invest what I can lose but I do like the upside. win or lose I am gonna ride this one out long term.
Posted by <JavMan> on :
I am in the same position as the guy above me. New and all. I see this as a very profitable company. I dont know why all the bashers. I only invest what I can afford to lose and this one seems worth enough to take that risk. my $.02
==JavMan
Posted by cruz on :
I am not a basher. I was merely (sp?) pointing out why GTE has dropped - it is because of Motley Fool. They do it to ALTI (which I hold). I have been playing GTE since the penny days. I don't have a position now (sold it on the run to 4.30 area - not the last run). I missed the last run to buy in the low 2's. That news caught me off guard and I am sure it did for a lot of people.
I hope to play GTE again. Just trade it for now. IMO
quote:Originally posted by JRAM007: I have been reading this board and investing in GTE for about a year now. It seems to have a fair share of haters out there. An unusual amount of bashers. I am a rookie at this and only invest what I can lose but I do like the upside. win or lose I am gonna ride this one out long term.
Posted by PENNY PIRATE on :
Some pretty HUGE numbers are being tossed around now that GTE has filed the 8K. The deal is inked already. How many others are out there ready to go. IMO we move higher and with any more deals/contracts, soar. Anything under $5.00 in 2006 is a bargain. GLTYA!
Posted by abram on :
Not installing fear , but a realistic view. Below is the last paragraph from the 10-Q filed in Sept. '05. *In addition, its subsidiary, Sanswire Networks, LLC, is developing high-altitude airships, called Stratellites(TM), which will be used to provide wireless voice, video, and data services.* Not to mention raising OS of commonstock to 121 Million.$$$$$ Huh.
Posted by abram on :
That is , the last paragraph from Page 9.
Posted by <JavMan> on :
quote:Originally posted by abram: Not installing fear , but a realistic view. Below is the last paragraph from the 10-Q filed in Sept. '05. *In addition, its subsidiary, Sanswire Networks, LLC, is developing high-altitude airships, called Stratellites(TM), which will be used to provide wireless voice, video, and data services.* Not to mention raising OS of commonstock to 121 Million.$$$$$ Huh.
I am looking for a point to this one... I just woke up so maybe that is my issue. Please elaborate.
==JavMan
Posted by Peaser01 on :
Could people be over-reacting to the Motley Fool Article put out on 1/6? I see that the 8k was filed after the fool article came out.
Posted by <mlewis> on :
Anyone see the premarket action? Who bought at 3.08 this morning?
Posted by B-Man on :
Just learning, what is the criteria for pre and after hour trading
Posted by <mlewis> on :
Do you buy on the open or wait for the pps to settle down?
Posted by sharkone on :
That Motley Fool article was pretty harsh.
Posted by <DWS> on :
GlobeTel Announces Additional Equity Infusion of $6.4 Million from Current Institutional Investors
By BusinessWire Last Update: 1/9/2006 9:46:01 AM Data provided by
FORT LAUDERDALE, Fla., Jan 09, 2006 (BUSINESS WIRE) -- GlobeTel Communications Corp. (GTE) today announced that Institutional Investors have agreed to exercise $6.8 million in equity warrants received in connection with their purchase of $4.5 million of convertible notes completed in August, 2005. This will result in the delivery to the company of approximately $6.4 million of new capital, after offering expenses. Under the terms of the transaction, the investors have agreed to exchange their existing rights for a total of 1,935,606 new warrants having an exercise price of $4.00 per share. These warrants will expire in August 2008. The Company is not required to file a registration statement for these warrants in the near term, however, under certain circumstances, the investors may "piggy-back" on any future registration statement. After January 2007, the investors may request registration of the shares which underlie the warrants.
The investors' original investment in GlobeTel's convertible notes was fully converted into equity in the Company during the fourth quarter of 2005. As a result, all of GlobeTel's outstanding debt has now been converted into common equity in the Company and GlobeTel is now debt free. The additional capital infused in connection with today's announcement will increase the total paid-in equity in the Company, providing additional capital resources for deployment in the company's various businesses.
Timothy Huff, CEO of GlobeTel Communications Corp stated: "Today's announcement further solidifies the financial strength of the Company. This, along with our recently-announced GlobeTel Wireless transaction in Russia, and in concert with other important transactions currently under negotiation, places us in a much stronger position to expedite an array of potential revenue-generating opportunities in each of our five business units. We look forward to further successful and dynamic growth during 2006. The Company is rapidly making the transition from a R&D company, to a Sales and Growth company.
About GlobeTel Communications Corp.:
GlobeTel is a diversified, global Telecommunications and Financial Services Company. GlobeTel operates business units in: (i) Stored Value & Remittance Cards as a MasterCard certified processor; (ii) VoIP Carrier-grade, Long-distance Services to major long-distance companies; (iii) VoIP development, technology and equipment manufacturing; (iv) advanced WiMax services utilizing GlobeTel's proprietary "Hotzone" technology; and (v) the development, manufacturing, marketing and provision of near space platforms known as Stratellites, which will soon seamlessly integrate all of GlobeTel's communications and financial services technologies around the world.
Operating on a global basis, GlobeTel has historically focused its business development on markets outside of the United States. Current operations and business relationships exist in Asia, Europe, South America, Mexico and the Caribbean.
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect" "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements. Sanswire Networks and the launch of the Company's high-altitude airship are subject to various risk factors and investors should construe any such investment as speculative. The above are more fully discussed in the Company's SEC filings.
SOURCE: GlobeTel Communications Corp.
Posted by sharkone on :
Which translates to what in plain english?
Shark
Posted by <jps> on :
This news might have given us another ride if it wasn't for that foolish article.
Posted by <jps> on :
Whew! Nosedive!
This might do what it did before--big drop, then big gain Posted by abram on :
The stock reverse is being changed. (Jav) Not to worry. Probably an opportunity to get more at end o day.
Posted by <JavMan> on :
I sure hope this one shows a reveral. The news it is putting out looks great but the news that "trusted" sites are putting outis horrid. I sure hope people actually look at the stock itself and all the news it has. Oh well.
==JavMan
Posted by ehya the fisherman on :
I hope the motley fool isnt one of those "trusted" sites.
Posted by Peaser01 on :
ADDING and REPLACING GlobeTel Cites Details of Russian Wireless Agreement Monday January 9, 11:20 am ET
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Jan. 9, 2006--Add forward-looking statements after last graph of release. The corrected release reads:
GLOBETEL CITES DETAILS OF RUSSIAN WIRELESS AGREEMENT
GlobeTel's (AMEX:GTE - News) entry into the Russian communications market is the culmination of more than a year of meetings with Russian investors, members of the Russian Parliament and leaders of the Russian technology sector. The successful results of those discussions and final negotiations were released by GlobeTel to its shareholders and to the public on December 30, 2005. In order to further clarify the nature of the transaction, GlobeTel Communications Corp. today has provided below the following additional information about the transaction. The full contract may be viewed as part of the company's 8-K filing with the SEC on January 6, 2006.
Q. Who are the counterparties to the Russian Agreement?
A. GlobeTel Wireless, GlobeTel's wholly-owned subsidiary, has entered into a binding contract with LLC Internafta ("Internafta"). Internafta is a private Russian special purpose corporation formed by a group of wealthy Russian investors (the "Investors" or "Internafta") for the specific purpose of deploying GlobeTel's proprietary wireless communications systems throughout the Russian Federation.
Q. How much is being invested and when will the payments begin?
A. Internafta will pay to GlobeTel a total of US$600 million in order to acquire and to install GlobeTel's wireless networks in 30 of the Russian Federation's largest cities. Internafta will make a series of "progress payments" which are both time- and progress-based. The first installment will be paid this month. This first US$150 million payment represents a construction deposit that will allow GlobeTel to initiate the assembly of the equipment necessary for the network installation in an initial group of 10 cities. As each of three groups (of 10 cities each) achieves a 50% completion rate, a US$75 million progress payment will be released to GlobeTel. Upon 95% completion of any city group, a remaining US$75 million payment will be released for that city group. Ultimately, then, as each of the three city groups achieves, first, a 50% and then a 95% completion rate, six US$75 million progress payments, plus the initial deposit of US$150 million, will have been made to GlobeTel Wireless, totaling US$600 million.
Q. How much time will be required for GlobeTel to install the total network?
A. GlobeTel currently estimates that the entire network will be fully installed over a 27 month period. Although the full network installation is estimated to occur over this period, fee-paying subscribers are expected to be brought onto the network in phases. After a 60-day "planning and preparation" phase starting on February 1st, the installation is expected to begin on April 1st.
Q. Who will operate the network?
A. The network will be operated by NuTel Wireless ("NuTel"), a Russian company which will be owned 100% by a European Joint Venture company which is being established by GlobeTel and Internafta. Each party will own 50% of the shares of the European JV company which owns NuTel. NuTel Wireless is a newly-incorporated Russian operating company. The Operation Control Centers responsible for operating, monitoring and maintaining the network will be located in Russia (Moscow), in Germany and at our Network Operations Center in Florida.
Q. How many people will be serviced by this new network?
A. Approximately 70% of Russia's population lives within the greater metropolitan area of the 30 cities where the individual networks will be installed. However, beyond the significant residential market(s) that will be the largest users (numerically) of NuTel's wireless services, the company will also market its "institutional services" to both businesses and government agencies. The company's goal is to obtain 10 million subscribers during the first three years of operations. Given our highly competitive cost base and pricing strategy, we are optimistic that we will be able to meet, or exceed, this target.
Q. Where will GlobeTel source the equipment required to complete the installation?
A. GlobeTel designs, manufactures, assembles and installs its own equipment. GlobeTel's system, once installed, will provide NuTel clients with many services ranging from voice services utilizing our unique "VoIP over DECT Protocol", direct wireless access to high-speed Broadband internet service and even wireless IPTV services to come later in the deployment - all at exceptionally competitive rates.
Q. What is DECT?
A. One of the most important technological advancements of the GlobeTel Wireless system is its DECT-phone feature. DECT is currently the most widely-used technology in the manufacturing of cordless telephones outside the United States. DECT technology allows the "pairing" of one or more handheld, cordless phones with a base station in order to ensure no interference exists between the DECT-phone and any other wireless phones in the operating area. Each DECT-phone is assigned its own unique address (code). That address ensures a fully encrypted wireless transmission between the phone and its base station. GlobeTel's wireless systems are designed to detect that discrete DECT address, to identify it, and, once identified, to wrap that DECT transmission into an IP packet which will, in a highly proprietary fashion, bring it into the GlobeTel WiMax processing environment. The major cost of deploying any wireless network, anywhere in the world, is the hardware cost of the CPE (Customer Premise Equipment). GlobeTel's DECT feature uniquely allows the hundreds of millions of DECT phones already in use in Europe, Asia and Latin America to instantly integrate with the GlobeTel network with absolutely no further programming or additional equipment required. GlobeTel is able to provide a DECT Phone system to homes and businesses, where required, for less than US$20 per hand-held unit. This low cost basis and the prevalence of DECT-phones throughout most non-U.S. markets allows the rapid international deployment of GlobeTel's wireless networks to virtually every country in the world, almost regardless of any particular country's local economic realities.
Q. How does a subscriber access the GlobeTel wireless network?
A. Our wireless DSL/broadband CPE will cost each subscriber less than $50. Also, in most cases our system has been designed so that standard WiFi equipment (of the type which is currently installed in most laptops and desktop computers) will be able to instantly and directly communicate with the GlobeTel wireless networks, with no requirement for complicated set-up routines, and (importantly) without the need for GlobeTel to install networks of typical costly, environmentally-unattractive towers in the service area.
Q. US$600 million is a lot of money. Why did Internafta select GlobeTel for this large wireless installation contract? Why not the usual equipment suppliers like Lucent (NYSE:LU - News) or Motorola (NYSE:MOT - News)?
A. Lucent and Motorola are not in the business of installing WiMax-related networks. They provide, instead, equipment for traditional cell phone networks. In fact, as surprising as it may seem, there is no single large company operating in the WiMax-installation arena today. Additionally, GlobeTel has designed, developed and manufactures its own, highly proprietary system which incorporates a number of unique user advantages, such as the DECT-phone interfaces which we have previously discussed. GlobeTel is also one of the very few companies that can actually demonstrate and deploy a working system. In fact, GlobeTel's highly successful wireless demonstration conducted for members of the Russian Parliament (the Duma), in the presence of a number of high-level government officials and telecommunications experts was an important factor in GlobeTel's selection as Internafta's equipment provider and operating partner. That demonstration dramatically proved not only the "WiMax" capabilities of the GlobeTel system but, also, its unique DECT functionality. In the process of demonstrating the GlobeTel Wireless system, the GlobeTel team was able to instantly integrate a DECT cordless phone which happened to be located within the presentation auditorium and to operate it on the GlobeTel demonstration system. Also, those members of this distinguished audience who had access to their laptops were immediately able to access the GlobeTel broadband network in order to watch an IPTV broadcast with absolutely no additional hardware or installation procedures. It is important to point out that GlobeTel Wireless is the only company in the market today that has designed a base station that incorporates WiFi, WiMax and DECT VoIP functions into one "black box". This proprietary system then provides all three features at a dramatically lower cost than the other WiMax-only products which are only just now beginning to enter the market.
Q. Sounds impressive. And, clearly, the Russians were impressed. But, still, GlobeTel is a relatively small company. Were they not concerned about your capacity to provide these networks on a large scale?
A. Not only did the GlobeTel systems work exactly as represented to the members of the Russian Government and to selected business leaders (and, in fact, exceeded their expectations), but the GlobeTel team members have a deep history of constructing and operating large scale networks, and this gave our partners a strong sense of the company's delivery capabilities. As a matter of historical background, Timothy Huff, GlobeTel's CEO, was a key team member of the design & implementation group that constructed MCI's first International Gateway Centers in the 1980's. Mr. Huff has also worked in leading roles with many large carriers and, early on, was involved in the installation of one of the first large-scale IP carrier networks into Mexico. This expertise, in concert with the combined expertise of many of GlobeTel's founding pioneers in the technology arena, gave Russia's own technology experts great confidence about the esoteric science underlying GlobeTel's many wireless products. Also, because of this experience, Internafta has come to accept that GlobeTel's Management, with the requisite funding, has the proven ability to create project "SWAT" teams capable of building out the network.
Uli Altvater, President of GlobeTel Wireless worked for over 7 years with IBM in Germany developing and installing mainframe and networking products. He developed major software and network applications which were installed at large German companies and, for the most part, remain in active use. He then designed and deployed one of the first wireless data devices for the German Navy and Air Force. He subsequently worked in the development and deployment of both wired and wireless networks, hardware and software applications for the German military for over 10 years. Following his experience with the German military, Mr. Altvater designed, deployed and operated wireless networks for more than 10 years in a variety of markets throughout the world. While much of his life has been dedicated to the installation and deployment of wireless networks, his predecessor company designed and deployed the technology that has ultimately become the HotZone 4010. This 4010 box incorporates WiFi, WiMax and VoIP/DECT features in a single low-cost base station. GlobeTel acquired the complete library of HotZone intellectual property from Mr. Altvater last year and he now he heads up GlobeTel's business division known as GlobeTel Wireless
Robert Jones, President of a GlobeTel subsidiary, Sanswire Networks, who is a former NASA Mission Director and decorated Air Force pilot, has worked with Mr. Altvater for some time to create proprietary wireless solutions using unprecedented terrestrial wireless systems which integrate with Sanswire's soon-to-be-delivered near-space airship (the "Stratellite"), in order to produce what will be widely acknowledged to be the ultimate wireless delivery system.
In addition to GlobeTel's technical expertise, Internafta gained considerable additional comfort from the fact that GlobeTel is an AMEX-listed, public company with a high degree of transparency, regulatory oversight and accountability. Also, the quality of GlobeTel's Officers and Directors was not lost on the Investors as they completed their technical and organizational due diligence. For example, they were impressed by GlobeTel's unusual (for its size) international expertise and reach. Sir Christopher Meyer, Chairman of GlobeTel's Board of Directors and recent British Ambassador to the United States, brings more than 30 years of Foreign Service experience (starting with an initial posting to the former Soviet Union where he became fluent in Russian). In his senior roles supporting Prime Ministers Thatcher, Major and Blair - Sir Christopher's presence clearly reinforced GlobeTel's cross-border expertise and ability to operate comfortably in the international marketplace. Also, J. Randolph Dumas recently joined the company as a Director and as Executive Vice Chairman of the company, after more than two decades of successful experience working around the world as a senior Managing Director at Salomon Brothers International Ltd., and within his own international private equity firm. In fact, Mr. Dumas stepped down from his position as Managing Partner of Rubikon Partners in order to devote more time to the achievement of GlobeTel's international ambitions. (Rubikon Partners is a private investment group founded by Mr. Dumas, Dr. Henry Kissinger, Thomas "Mack" McLarty III (President Bill Clinton's first chief of staff) and Leo A. Daly III (owner of the world's largest private architectural and engineering firm). These individuals, along with an impressive array of other new and existing Officers and Directors, greatly heightened our Russian partners' awareness of GlobeTel's surprising "reach" in the areas of science, engineering, geo-politics and cross-border business.
Q. Why not use GlobeTel's Stratellite platform in lieu of this terrestrial wireless solution?
A. The "Stratellite(TM)" is GlobeTel's high altitude airship which is in the late stages of testing and production. GlobeTel anticipates that "fleets" of these unprecedented aerial platforms will ultimately be placed in a series of geo-synchronous positions over targeted territories as a means of providing unparalleled wireless telecommunications services to very large geographical areas (i.e. over entire countries, rather than single cities). However, GlobeTel's last technology demonstrator ("Sanswire II") is in the final stages of testing and production and, thus, its commercial variant is still six to twelve months away from initial, and subsequent broad-scale deployment. In fact, when deployed, each Stratellite's technical "payload" will incorporate the identical, proprietary radio technology that is contained in GlobeTel's HotZone 4010 network, which is the backbone of the system to be constructed in Russia over the next 27 months. The Russian network (and all other GlobeTel wireless networks which are in advanced or final negotiations in other countries around the world) will be fully compatible with, and will be instantly up-linked to any regional Stratellite when it is deployed in an area where a Hotzone system has been previously installed. Given the still several years required to create a meaningful, broad-area Stratellite network over a region as large as the Russian Federation, Internafta has concluded that the cost-benefit ratio of an immediate wireless network installation (with subsequent compatibility with the Stratellite) is too favorable for any further delays. It is GlobeTel's expectation, however, that the Stratellite and the Hotzone system will be offered as a single, integrated system in the future, with even greater voice, data and video delivery capabilities. When this occurs, the NuTel "city systems" will become part of this single, integrated, nationwide system.
Q. Where else does GlobeTel plan to deploy HotZone-based networks?
A. GlobeTel is currently initiating pilot programs in Mexico, Malaysia, Peru, Colombia, China, Argentina and Germany. Upon the successful completion of these pilots, GlobeTel expects to begin wide-scale deployments of its proprietary wireless networks in each of these countries.
Q. What kind of operating revenues does GlobeTel Wireless anticipate from its Joint Venture interest in NuTel?
A. Because quality wireless services within the Russian Federation are both rare and very expensive - GlobeTel and its partners believe a monthly subscription fee pitched at level which is 50% lower than existing monthly charges within Russia for more basic telephone and broadband services will create a highly competitive revenue model for the company. And, in this context, GlobeTel believes the NuTel venture should reasonably capture a market share which is 10% to 30% of the current (and growing) market. This suggests a monthly subscription charge of between US$35 and US$50 (equivalent) per month, per subscriber. At this level, NuTel's services should be widely accessible (i.e. affordable) to very large swaths of the Russian population within NuTel's 30-city marketplace. Currently-available broadband and telephone services within the Russian Federation - invariably of lower quality and with fewer capabilities - typically cost a Russian subscriber between US$75 - US$100 per month. If, as anticipated, NuTel achieves its goal of 10 million subscribers during its first three years of operation (while employing an aggressive print, internet, mobile phone and television advertising campaign), this implies operating revenues of between US$350 million and US$500 million per month. After relevant G&A expenses estimated to be less than 10% of gross revenues, this further implies that GlobeTel Wireless should receive 50% of this net monthly revenue stream (based on its 50% shareholding in the Joint Venture). GlobeTel believes that these are conservative estimates of both market penetration and pricing, but it also recognizes that these are developing markets which may take more time to develop than is expected.
Q. What risks does GlobeTel see in this seemingly huge business opportunity?
A. Like all business opportunities, wherever in the world, there are the usual array of risks: default risk, credit risks, political risks, technical risks, construction risks, competitive risks, corruption risks, etc. GlobeTel has made every reasonable effort to identify and to assess its ability to manage (and to be compensated for) each risk that it identifies.
-- Credit Risk: Because the Russian Federation is, like the vast majority of the world, an emerging economy with a lower, average per capita income than the average G-7 country - there are likely to be greater credit risks (at the subscriber level) than would be the case in a fully-industrialized, free-market economy. However, NuTel will have the technical ability to immediately terminate any subscriber's service if there is either non-payment, delayed payment or attempted abuse of the system. Likewise, it has the ability to immediately re-instate the service, should any credit issue be resolved.
-- Default Risk: GlobeTel has made every effort to assess the potential for default risk by the Russian Investors and, apart from its own comfort level based on more than a year of exposure to them and to numerous high-level Russian government officials, the risk appears quite low. However, this business assessment aside, it will be entirely evident, within the very immediate future, upon receipt of the first US$150 million installment, that the likelihood of any default is highly improbable.
-- Political Risk: President Putin takes the Presidency of the G-8 during the next few days. In spite of constant press speculation about the political ambitions and future of the Russian Federation, it appears that Russia - as the largest natural gas producer in the world and as the second largest oil producer after Saudi Arabia - has both the economic wherewithal, the intellectual base, the geo-political influence and the ambition to bring its entire population up to a quality-of-life and per capita income standard which is equivalent to its G-7 neighbors. Although there will be inevitable political hiccups (witness Russia's recent, and brief, shut-off of natural gas deliveries to the Ukraine, resulting in censures from virtually every leader in the Western world) - it has too much to lose to create a business environment which repels international capital and technology as a result of under-developed legal and market protections. GlobeTel is satisfied that any political risks are modest with regard to this project.
-- Technical and Construction Risks: GlobeTel is entirely confident about the technical quality and deployability of its Hotzone wireless networks. This is not considered a risk but, rather, GlobeTel's single greatest advantage and protection against most other risks. The risks inherent in GlobeTel's construction and installation obligations are embodied almost entirely in staffing-related matters in connection with its need to hire several hundred new "installation engineers". However, the technical complexity associated with the installation process is quite basic and the probability of installation failures and delays is very modest. It is GlobeTel's intention to deploy and to employ a solid, senior and middle management team which will provide both training for and monitoring of employee performance. Fortunately, educational levels within Russia are exceptionally high and the available employment pool, with the appropriate technical capabilities, far exceeds GlobeTel's anticipated requirements.
-- Competitive Risks: At the moment there are very few players in the slowly-emerging WiMax market within Russia. GlobeTel sees no direct (or effective indirect) competition for its advanced wireless offerings. Both in technology and in pricing terms, GlobeTel's competitive position appears to enjoy a compelling First Mover's Advantage. This is expected to create a material barrier-to-entry in terms of the company's growing brand awareness, word-of-mouth ("viral") marketing and customer loyalty. While GlobeTel readily accepts the reality of product life cycles, and they tend to be particularly short in the technology sector, it also expects to have the exceptional competitive advantage of a stratospheric-based airship platform deployed during the coming year which - when widely available - should result in a strong, anti-competitive force within each market where GlobeTel and GlobeTel Wireless have established their products. Also, as a technology leader with market leading products and services - GlobeTel fully expects to continue to anticipate, create, design, test and deploy upgrades as well as complete new product packages and services which are at the front-end of the technology curve.
-- Corruption Risk: As underscored by a seemingly never-ending stream of corporate corruption scandals in even the most regulated markets around the world, GlobeTel recognizes that this is an area which requires constant vigilance. GlobeTel regularly provides briefings and memos to its Officers, Directors and Employees on the risks and penalties associated with any exposure to any corrupt act or behavior involving the delivery of GlobeTel products and services. The company regularly briefs its officers and employees on the U.S. Foreign Corrupt Practices Act ("FCPA") and all employees are educated on the "red flags" which can suggest the possibility of unethical or criminal acts by parties which may be directly or indirectly involved with GlobeTel. The Patriot Act, the Sarbanes-Oxley Act, the FCPA and the "Know Your Customer" rules are always placed uppermost in the minds of those employees who are working in low, medium or high-risk environments. In the case of the NuTel transaction, GlobeTel and its legal & accounting advisors have taken all normal, reasonable (and, when appropriate, exceptional) precautions to ensure that the company's actions are above reproach.
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect" "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements. Sanswire Networks and the launch of the Company's high-altitude airship are subject to various risk factors and investors should construe any such investment as speculative. The above are more fully discussed in the Company's SEC filings.
Contact: GlobeTel Communications Corp., Fort Lauderdale Sibylle Faye Yakan, 954-241-0590 investors*globetel.net
Posted by Peaser01 on :
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT The Company has entered into agreements with the investors in its August 2005 Convertible Note placement for them to exercise their warrants that had an exercise price of $2.50 per share. The investors will exercise their warrants and the Company will issue to the investors a total of 1,935,606 new warrants with an exercise price of $4.00 per share.
The investors were given "piggy-back" registration rights for the warrants. If the warrants have not been registered after one year, then the investors have a demand registration right.
The warrants expire on August 31, 2008.
Item 3.02. Unregistered Sales of Equity Securities. Reference is hereby made to the information set forth under Item 1.01 above.
Exhibits.
Exhibits included are set forth in the Exhibit Index pursuant to Item 601 of Regulation S-K.
Posted by <JavMan> on :
Their Public relations people must be reading about everyones concernes. I am impressed. things should pick up as soon as some of the sites report all this.
==JavMan
Posted by <Cruiser> on :
Here we go again.....
Posted by jordanreed on :
this hits the mid twos and i'm buyin more dammit! nothing but good things happening here.
Posted by NaturalResources on :
Natural, good article. Thanks.
Posted by PENNY PIRATE on :
IMO GTE is the GOLDEN OPPORTUNITY of a lifetime! Do some DD on this company and buy shares under $5.00 while you can. The $600,000,000.00 contract with Russia is just the beginning. Any more big contracts, which are sure to come, $10.00 will be cheap. GLTYA!
Posted by jordanreed on :
just a bit from the article; For 2006, the strongest investment will still be into Wi-Fi however. This month, GlobeTel Wireless agreed to install Wi-Fi hotzone networks in 30 cities in the Russian Federation, to offer data and VoIP as well as support DECT cordless phones, which run in the same spectrum as WLan. GlobeTel will provide the networks to Internafta fo Moscow, which will pay $600m for the systems, initially in Moscow and St Petersburg. GlobeTel will manage the systems and retain a 50% share, and all 30 locations should be covered by mid-2008. The Wi-Fi front ends will be backhauled by GlobeTel’s HotZone 4010 equipment, which can use the stratellite technology that the company acquired with Sanswire, especially in rural areas.
"It is beyond exciting to be able to bring this level of connectivity to Russia," said GlobeTel CEO Tim Huff. "Russia will, quickly and at a relatively modest cost, have a wireless infrastructure that will rival any in the industrialized world."
Posted by <jps> on :
Starting to creep back up...
Posted by <JavMan> on :
Its about bloody time I see a positive day (+.12 ATM)... I am still in the Neg with this company but atleast not as much as yesterday:). We will see where it runs to. Take care all.
==JavMan
Posted by imakmony2005 on :
Still a go for me.
Posted by Pagan on :
quote:Originally posted by PENNY PIRATE: IMO GTE is the GOLDEN OPPORTUNITY of a lifetime! Do some DD on this company and buy shares under $5.00 while you can. The $600,000,000.00 contract with Russia is just the beginning. Any more big contracts, which are sure to come, $10.00 will be cheap. GLTYA!
I will be looking for a large upswing after the first $150MM installment is in hand and PR'ed. It will take most of the "speculation" out of GTE even before there is a PR of the Stratellite flying IMO. As always, watch for swing ops!! GLTA
Posted by BuyTex on :
Pagan, in case you don't have one?
I'd buy you a Blackberry, just to hook me up on the swings... Posted by ehya the fisherman on :
GlobeTel Communications Corp. Appoints Dorian Klein as its Newest Independent Director Wednesday, 11 January 2006
Powered By BusinessWire FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Jan. 11, 2006--GlobeTel Communications Corp. (AMEX:GTE), a premiere provider of communications products and enhanced value-added services, announced today the appointment of Dorian B. Klein to its Board of Directors. Mr. Klein will also serve on GlobeTel's Audit, Compensation and Nominating Committees. His appointment is effective immediately.
Dorian Klein has more than 25 years of professional experience in international finance and investments. He has a distinguished record as an investment banker having worked for more than 20 years in New York, London and Tokyo, including roles as Managing Director and Head of European Structured and Principal Finance at Merrill Lynch in London and as Managing Director and Head of Asset Finance at Bankers Trust in London. He also headed the Tokyo office of a highly successful boutique investment bank that he co-founded with his colleagues from Paine Webber during the 80's. During his career as an international investment banker, Mr. Klein structured or executed more than 500 complex securities transactions, in both public and private markets, involving every type of debt and equity security. Mr. Klein is currently the Managing Partner of Rubikon Partners, a private equity firm specializing in mid-cap European buy-ins and buy-outs, which he co-founded together with Dr. Henry Kissinger, the Hon. Thomas McLarty, Leo A. Daly and J. Randolph Dumas. He has also been a private investor in several European technology companies, including several in fields which are directly relevant to the business strategy of GlobeTel. Mr. Klein is also currently on the Boards of Investitori Associati (the largest Italian private equity fund) and Holding.com (a Dutch company with high-tech holdings throughout Europe). Mr. Klein is an alumnus of Yale University (BA in Mathematics) and the Harvard Business School (MBA in Finance).
"I have known Dorian Klein for several years, having initially met him through several of his Founding Shareholders at Rubikon Partners," commented Sir Christopher Meyer, Chairman of GlobeTel's Board of Directors. "He is highly respected by his peers in the financial services arena, and he carries with him the confidence that comes from having been successfully at the center of the most competitive industry in the world for many years. This experience and the solid judgments that come along with it, will be of tremendous benefit to our Board and to the continuing success of the company. This important addition represents another key step in the Board restructuring which I initiated during the summer."
"I very much look forward to my role on the Board of GlobeTel and to working closely with Tim Huff, Sir Christopher Meyer and with their management and Board colleagues," remarked Klein. "I have closely followed the developments at GlobeTel for more than a year, and I see it as a company with all the ingredients necessary to achieve great things. As this happens, I will do whatever I can to help orient the company's global strategic and marketing development in order to fulfill its substantial potential."
About GlobeTel Communications Corporation:
GlobeTel is a diversified, global Telecommunications and Financial Services Company. GlobeTel operates business units in: (i) Stored Value & Remittance Cards as a MasterCard certified processor; (ii) VoIP Carrier-grade, Long-distance Services to major long-distance companies; (iii) VoIP development, technology and equipment manufacturing; (iv) advanced WiMax services utilizing GlobeTel's proprietary "Hotzone" technology; and (v) the development, manufacturing, marketing and provision of nearspace platforms known as Stratellites, which will soon seamlessly integrate all of GlobeTel's communications and financial services technologies around the world.
Operating on a global basis, GlobeTel has historically focused its business development on markets outside of the United States. Current operations and business relationships exist in Asia, Europe, South America, Mexico and the Caribbean.
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect" "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements. Sanswire Networks and the launch of the Company's high-altitude airship are subject to various risk factors and investors should construe any such investment as speculative. The above are more fully discussed in the Company's SEC filings.
Posted by MoneyMoneyMoney on :
Nice. I love it. No more below 3's soon to be 4's then 5's. I can't wait. Go gettem GTE.
Posted by R1Man on :
quote:Originally posted by MoneyMoneyMoney: Nice. I love it. No more below 3's soon to be 4's then 5's. I can't wait. Go gettem GTE.
I could still see that in the future....if you read the 8-k filing, you would of read that if it fails....GTE pays Russia back the money. They only get a little bit at a time so the 600 million isn't money in the bank as of yet. Just think if the network fails? I like the part of the filing where they get 50/50. Not bad.
Posted by sharkone on :
All quiet on the GTE front? Any rumors?
Shark
Posted by <JavMan> on :
One rumor is that my buddys girlfriend is a stripper... But as for GTE nothing that I am aware of. I am hping for some sort of an announcement for this weekend to boost things a little bit. I know I sound greedy, but there was no reason for it to drop to the low 3's. I am just waiting for it to chill around the 4's for in a few days. We will see.
==JavMan
Posted by NaturalResources on :
quote:Originally posted by sharkone: All quiet on the GTE front? Any rumors?
"An explosion in the Russian Internet- market drew the attention of the sequential nonspecialized investor: company "Naphtha- Moscow", controlled by deputy Suleymanom By kerimovym, decided to put 600 musd into the building of the network of wireless access on the basis of technology WiMax. To supply technology and equipment there will be the American telecommunication company GlobeTel, which plans in 2,5 years to unroll network in 30 cities of Russia. The cost of project astonished the market: according to the estimation of its participants, for 600 musd it is possible to create the network of honeycomb connection. On its output to the Russian market company GlobeTel declared at the very heighth of christmas vacations; however, this solution thoroughly was prepared..."
Info on Suleiman Kerimov
Owner worth 2.6 Billion
Last line in the article:
"The richest deputy, according to Forbes, is Suleiman Kerimov, a member of the LDPR faction in the State Duma, with $2.6 billion."
..."Suleiman Kerimov, the owner of the company Nafta-Moscow was intended to acquire the Italian football club Roma. Such 'shopping' was considered patriotic. However, for some unknown reason Nafta-Moscow paid $60 million to the football club Saturn, the Moscow region."...
Posted by NaturalResources on :
quote:Originally posted by sharkone: All quiet on the GTE front? Any rumors?
Shark
FWIW,
"My friend who works 50 yards from 9050 Pines Boulevard Suite 110 Pembroke Pines, said that a catering service of very high quality has been bring lots of things and she noticed a case of champagne and there has been lots of people going in and some "hee haw baby" shouts......
I am wondering if it is a conformation of another inking or a bank wire of 150 million or just a birthday celebration or.....????? hummm"
Yahoo! Message Boards: GTE Msg# 70656
Posted by NaturalResources on :
I am hearing that Barrons recently published a negative article on GTE in the last few days. Anyone have any info on this?
art, typical "unicorn" posting: IT industry has seen literally thousands and thousands of these kind of wish-list "want ads"
Posted by rkh2005 on :
quote:Originally posted by NaturalResources: I am hearing that Barrons recently published a negative article on GTE in the last few days. Anyone have any info on this?
TIA,
NR
I've heard the same thing on the Yahoo message board but nobody's been able to reference the article. It appears to be a false rumor IMO, but we'll see.
Posted by NaturalResources on :
quote:Originally posted by BuyTex: art, typical "unicorn" posting: IT industry has seen literally thousands and thousands of these kind of wish-list "want ads"
So you are suggesting the ad was placed for appearances only? Interesting. Thanks for the insight BuyTex.
Posted by NaturalResources on :
quote:Originally posted by rkh2005: I've heard the same thing on the Yahoo message board but nobody's been able to reference the article. It appears to be a false rumor IMO, but we'll see.
Thanks, I haven't been able to confirm it either. I heard it on Yahoo also, so that seems to be the only source. I will keep looking and post a follow up if I find anything.
Posted by Edster on :
Looks like this could be another big down day. Down .20 in very early pre-market trading on light volume. Should be some good buy-in opportunities today.
Posted by <jps> on :
Moving up... news soon?
Posted by stockvaper on :
GlobeTel Communications Corp. Divests CGI Assets, Updates Sanswire II Construction, Operations and Financial Position 12:30 p.m. 01/18/2006 Provided by FORT LAUDERDALE, Fla., Jan 18, 2006 (BUSINESS WIRE) -- GlobeTel Communications Corp. (GTE) today announced that it has sold its holdings of Consolidated Global Investments Ltd. (CGI), an Australian company, back to CGI. As part of the transaction GlobeTel will return all its shares and options in CGI and retain a $1.4 million deposit that was held for CGI. GlobeTel gained a 70% stake in CGI through a series of transactions intended to give the company a foothold in the Asian telecom market and to provide a strategic relationship with a company listed on a foreign exchange. Given GlobeTel's movement to the American Stock Exchange, GlobeTel has decided to not proceed with its goals to list a company on the Australian Stock Exchange. Timothy Huff stated, "Management of GlobeTel has worked very hard over the past year to strengthen the operations and the capital structure of the Company. We are now in the strongest financial position that GlobeTel has ever been in. With the recent exercise of over $7 million worth of warrants, GlobeTel's debt free status, and the recent contracts gained by GlobeTel, we are in a position to realize the opportunities before us. While we have a lot of work ahead of us, we are excited by the opportunity and are focused on execution of those opportunities." Huff continued, "All divisions of GlobeTel are moving ahead as planned. Centerline, our carrier division, has experienced significant revenue growth, year over year, and is concentrating on increasing its operating margins. Current carrier based margin has been increasing on a weekly basis as traffic is transitioned onto our internal carrier backbone. The StrateVoIP Division, our SIP phone, is in the final stages of preparation for roll out of its first large scale deployment in Brazil. We expect this business unit to begin producing revenues and margin in the Q1 2006. Magic Money is rolling out several programs here in the US and also with our strategic partner FSS in India. FSS handles financial processing for Visa and MasterCard for 18 of the 20 largest banks in India, with over 120 million cards "on the street" in India, we look for significant market penetration with our remittance and telecom products in India. Magic Money will also add to our top line revenue and margin in the first quarter. As evidenced by the recent Russian announcement, GlobeTel Wireless is inundated with opportunity in virtually every corner of the globe. We continue to work closely with our Russian partners and are confident that site planning and installation will begin as planned and on schedule." In closing, Huff added, "Sanswire Networks will float Sanswire II, the technology Demonstrator in February. Sanswire II has been equipped with the latest technology and our plans are to break the world high altitude record for rigid airships as we put the airship through its paces in 90 days of testing. Flight schedules over Edwards Air Force Base will be provided after Edward's Test Range approves Sanswire II for flight. This is dependent on approvals from the Range on safety procedures, timeslots on the Range and weather conditions suitable for flight tests. In summary, GlobeTel is moving ahead on all fronts and 2006 is the year that we transition from a R&D company to a sales and marketing company. This is our year to show what we can do."
Posted by jps on :
GlobeTel Communications Corp. Divests CGI Assets, Updates Sanswire II Construction, Operations and Financial Position
January 18, 2006 12:30:01 (ET)
FORT LAUDERDALE, Fla., Jan 18, 2006 (BUSINESS WIRE) -- GlobeTel Communications Corp. (GTE, Trade) today announced that it has sold its holdings of Consolidated Global Investments Ltd. (CGI), an Australian company, back to CGI. As part of the transaction GlobeTel will return all its shares and options in CGI and retain a $1.4 million deposit that was held for CGI.
GlobeTel gained a 70% stake in CGI through a series of transactions intended to give the company a foothold in the Asian telecom market and to provide a strategic relationship with a company listed on a foreign exchange. Given GlobeTel's movement to the American Stock Exchange, GlobeTel has decided to not proceed with its goals to list a company on the Australian Stock Exchange.
Timothy Huff stated, "Management of GlobeTel has worked very hard over the past year to strengthen the operations and the capital structure of the Company. We are now in the strongest financial position that GlobeTel has ever been in. With the recent exercise of over $7 million worth of warrants, GlobeTel's debt free status, and the recent contracts gained by GlobeTel, we are in a position to realize the opportunities before us. While we have a lot of work ahead of us, we are excited by the opportunity and are focused on execution of those opportunities."
Huff continued, "All divisions of GlobeTel are moving ahead as planned. Centerline, our carrier division, has experienced significant revenue growth, year over year, and is concentrating on increasing its operating margins. Current carrier based margin has been increasing on a weekly basis as traffic is transitioned onto our internal carrier backbone. The StrateVoIP Division, our SIP phone, is in the final stages of preparation for roll out of its first large scale deployment in Brazil. We expect this business unit to begin producing revenues and margin in the Q1 2006. Magic Money is rolling out several programs here in the US and also with our strategic partner FSS in India. FSS handles financial processing for Visa and MasterCard for 18 of the 20 largest banks in India, with over 120 million cards "on the street" in India, we look for significant market penetration with our remittance and telecom products in India. Magic Money will also add to our top line revenue and margin in the first quarter. As evidenced by the recent Russian announcement, GlobeTel Wireless is inundated with opportunity in virtually every corner of the globe. We continue to work closely with our Russian partners and are confident that site planning and installation will begin as planned and on schedule."
In closing, Huff added, "Sanswire Networks will float Sanswire II, the technology Demonstrator in February. Sanswire II has been equipped with the latest technology and our plans are to break the world high altitude record for rigid airships as we put the airship through its paces in 90 days of testing. Flight schedules over Edwards Air Force Base will be provided after Edward's Test Range approves Sanswire II for flight. This is dependent on approvals from the Range on safety procedures, timeslots on the Range and weather conditions suitable for flight tests. In summary, GlobeTel is moving ahead on all fronts and 2006 is the year that we transition from a R&D company to a sales and marketing company. This is our year to show what we can do."
Posted by Danny12345 on :
nice
Posted by jps on :
Will we see 4 today?
Posted by jps on :
Would everyone get back from lunch already! Posted by Danny12345 on :
probably will break the 4 today
Posted by imakmony2005 on :
just might see 4.00 today
Posted by jps on :
Think it is done running, or will go back up?
Posted by Edster on :
Think it is pretty much done for the day. Probably will give back some of the big gains. I thought that all the good news would hold the price level up for a while but it appears it is taking back the gains as quickly as it gave them.
Posted by jps on :
I'm still hoping it will get back into the 3.70 range again for me to sell. I'm surprised it didn't go higher than it did...
Posted by <ME> on :
"Flight schedules over Edwards Air Force Base will be provided after Edward's Test Range approves Sanswire II for flight"
Wow... This is a lot closer to me than I thought... I am stationed at Edwards AFB. Maybe I can see this thing, that I have money riding on, actually fly. If I do, I will tell you guys if it crashes or not .
==ME
Posted by imakmony2005 on :
MONEY...............GTE
Posted by jps on :
Moving up!
Posted by <mlewis> on :
I'm showing GTE up .22 to 3.58 ???
Posted by Edster on :
quote:Originally posted by <mlewis>: I'm showing GTE up .22 to 3.58 ???
Seems GTE closed down at 3.36 in after hours trading yesterday. The +.22 is measured against that price. Actual EOD close for GTE yesterday was 3.57 so in reality the price was only up .1 against yesterday's close.
Posted by Edster on :
quote:Originally posted by Edster:
quote:Originally posted by <mlewis>: I'm showing GTE up .22 to 3.58 ???
Seems GTE closed down at 3.36 in after hours trading yesterday. The +.22 is measured against that price. Actual EOD close for GTE yesterday was 3.57 so in reality the price was only up .1 against yesterday's close.
should have been up ".01" vice ".1"
Posted by imakmony2005 on :
Held its ground today.
Posted by ehya the fisherman on :
I think this article relates with future stratellite contracts in the US. I just see it as something of another green light for globetel.
----------------- WiMAX ForumTM Announces First WiMAX Forum CertifiedTM Products SAN JOSE, Calif. – January 19, 2006 – The WiMAX Forum, an industry-led, non-profit corporation formed to promote and certify compatibility and interoperability of broadband wireless products, today announced the first fixed wireless broadband network products to achieve the designation of WiMAX Forum Certified. At the WCA Technical and Business Symposium in San Jose, the WiMAX Forum revealed the first companies and products to complete certification and interoperability testing, including Aperto Networks’ PacketMAX 5000 base station, Redline Communications’ RedMAX AN-100U base station, SEQUANS Communications’ SQN2010 SoC base station solution, and Wavesat’s miniMAX customer premise equipment (CPE) solution. To date, the WiMAX Forum’s certification laboratory, Cetecom Spain, has confirmed 26 additional reservations from manufacturers for testing slots for both subscriber and base station equipment certification. In order to handle this additional capacity, Cetecom already has set up multiple test lines for testing and certification for these products – a process that will continue over the next two months. The first round of WiMAX Forum Certified products were developed according to the WiMAX Forumdefined certification profile for 3.5 GHz systems, which is based on the IEEE 802.16-2004 and ETSI HiperMAN standards. Each hardware system was required to pass stringent and extensive test procedures, consisting of protocol conformance, radio conformance and interoperability testing in order to attain the WiMAX Forum Certification seal. “The achievement of Certification is a result of the successful collaboration of our Certification Working Group, ETSI, Cetecom Spain and WiMAX system suppliers,” said Ron Resnick, president of the WiMAX Forum. “Through an expanded and rigorous conformance and interoperability testing in our certification program, we believe there are more robust fixed WiMAX systems coming to market than what was originally expected.” “The first availability of fixed WiMAX equipment demonstrates the commitment of the Forum, the vendors and the providers to reaching their critical milestones,” said Lindsay Schroth, senior analyst of broadband access technologies at the Yankee Group. “This is a crucial step in the process of developing and certifying both fixed and mobile WiMAX networks. We expect this announcement to impact the deployment time tables of large and small service providers around the world that will use fixed WiMAX networks as a way to deliver true broadband services to consumers and business users.” In July 2005, WiMAX Forum opened its first certification lab, operated by Cetecom, and began receiving WiMAX equipment and started the test procedure validation process. While validation was underway, the WiMAX Forum hosted two PlugFests – informal interoperability events conducted between multiple vendors. Both PlugFests tested vendor products using common certification profiles approved by the WiMAX Forum in the 3.5 GHz frequency band.
Posted by NaturalResources on :
quote:Originally posted by ehya the fisherman: I think this article relates with future stratellite contracts in the US. I just see it as something of another green light for globetel.
----------------- WiMAX ForumTM Announces First WiMAX Forum CertifiedTM Products SAN JOSE, Calif. – January 19, 2006 – ......
Great Post, Thank you.
NR.
Posted by <JavMan> on :
Another article by fool out there. this time with more stuff to make GTE look bad . just a heads up.
Yes it is me again but I just saw this and well all i can say is I am very dissapointed...
After Hours: 3.34 -0.24 -6.70% 25,100 6:04pm 1/23/2006
==JavMan
Posted by Pagan on :
Looking at AH numbers, currently sitting at $3.40 0n 31K volume, could be an excellent opportunity for a swing pickup tomorrow. With GTE PR's looming by EOM, the dip may be brief IMO. GLTA!!
Posted by charger on :
The next FOOL article will have a 10 year old Huff buying into a company called NuMarbles and making high altitude paper plains that will never get off the ground... Is this a coincidence???
Posted by Peaser01 on :
The fool article should instill fear in folks. I agree with ya Pagan. If you're holding today, it may be wise to sell today and pick up more shares for cheaper either tomorrow or later this week IMO. If I was still holding shares though, I may want to wait until the market opens though before acting on any decision.
Keep an eye out for any GTE PR that may try to counter the Fool article as well.
Posted by ehya the fisherman on :
If anyone is interested, I found a link where you can buy globetel and sanswire shirts.
Definitely bargain prices on the shares thanks to the fools. Honestly, just look at the work they put into that article, would someone really invest all that time into something that holds no value for them, when the focus of their world is most definitely time=money?
Posted by Edster on :
I think GTE will put out a rebuttal. They always have in the past, why not now?
Posted by Pagan on :
quote:Originally posted by stockvaper: I think GTE will put out a rebuttal. They always have in the past, why not now?
I don't think the "Fool" article requires a rebuttal. The true rebuttal will be a PR announcing the first $150MM has been banked. Or that the Stratellite is approved for Edwards flight test. Or announcements of other contracts. Action speaks louder than words IMO and all of the afforementioned items are due for release. The $150MM installment is due by EOM. Stratellite announcement due in early Feb. The "Fool" article only had a $.20 impact on SP. The "Fool" has just afforded everyone a nice swing pick-up position. Thanks again SJ! GLTA Posted by Peaser01 on :
Financials will be nice to see too over the coming quarters along with other SEC reports.
Posted by stockvaper on :
Interesting article from MSNBC (Tech-Science/Innovation). Competition? ____________________________________________ Better cell phone service through ... balloons? 'I know it sounds crazy,' says former N.D. governor, 'but it works'
Updated: 6:20 p.m. ET Jan. 23, 2006 BISMARCK, N.D. - Why put up more than 1,000 towers to spread cell phone service across North Dakota when a few balloons would do it?
So says former North Dakota Gov. Ed Schafer, one of the backers of a plan to attach wireless repeaters to weather balloons high above the state to fill gaps in cellular coverage.
"I know it sounds crazy," Schafer said. "But it works in the lab."
Extend America, a North Dakota wireless telecommunications company, and Chandler, Ariz.-based Space Data Corp. are developing the balloon-borne cellular technology, believed to be the first of its kind.
A trial balloon will be launched next month in North Dakota to test the theory, said Schafer, the chief executive officer of Bismarck-based Extend America. Schafer left office in 2000 after eight years as governor.
If successful, the balloons could be drifting across the stratosphere above North Dakota this summer, providing cellular coverage around the state.
Schafer said the cost of the balloons is a fraction of the cost to build cellular towers in remote areas.
Jerry Knoblach, the CEO of Space Data, said although the balloon technology called SkySite is new to cellular, "the platform is very well proven."
His company has launched thousands of the free-floating balloons in Texas, Oklahoma, Louisiana, Arkansas and New Mexico to track data for oil company vehicles, wells and pipelines over the past year, he said. And Knoblach is certain the balloons will work for cellular service in North Dakota — even in cold or stormy weather. He said balloons were launched even during Hurricane Katrina.
"It's just like a weather balloon at the airport," Schafer said. "There's enough hydrogen in them to rise very rapidly."
Up to 20 miles above the earth, stratospheric winds would push the latex weather balloons across the state at about 30 mph. Each balloon would deliver voice and data service to an area hundreds of miles in diameter, Schafer said.
"Nine balloons would always be in the air, with some going up, some going down, and some in the middle," Schafer said.
Once the balloons transit the state's stratosphere, the electronic gear would be jettisoned remotely and fall to the earth with a parachute.
The electronic equipment, about the size of a toaster, would be recovered through the use of a global positioning satellite device.
"We'd pay some guy a bounty, put in a new battery pack and send it off again," Knoblach said.
Schafer said a repeater could be used indefinitely "unless it lands in a lake or gets run over by a truck."
Cheaper than building cell towers The state of North Dakota is an "interested observer" in the technology, said Jerry Fossum, the telecommunications director for the state Information Technology Department.
"It's interesting technology that, at first blush, sounds really crazy," Fossum said. "It's certainly a possible solution to some of our demographic problems of a lot of space and not a lot of people. I hope it works."
Knoblach said the hydrogen-filled balloons cost about $55 each. The balloons swell from six feet in diameter to 30 feet after they gain altitude. After the electronic equipment is released, the balloons expand with the drop in air pressure until they burst.
Winds at high altitudes are consistent, blowing west to east in the winter, and east to west in the summer, Knoblach said. The balloons would travel above the jet stream, and he said they would not be bothered by storms.
Schafer said it costs about $250,000 to build one cellular tower in North Dakota, and many remote areas don't have enough customers to pay for it.
"To cover every square mile of North Dakota, it would take 1,100 cell towers," Schafer said. "We can do the whole state with three balloons — and it won't have problems with that line-of-sight stuff," he said, referring to hills that can block signals from towers.
Schafer thinks the entire idea is a "pretty cool" and affordable option for remote areas that might not otherwise have cellular coverage.
The system is not designed to compete with existing tower-based networks. Knoblach said the service would be sold wholesale to existing telecommunications companies. He and Schafer said users likely would see a minimal charge, if any.
Knoblach said the military is eyeing the system for use in Iraq. He said Space Data wants to establish similar systems across the United States by 2008. The startup company has been doing it for 15 months, and the North Dakota balloons would "the next level," he said.
"The nice thing is that we don't have to weld a bunch of steel together to build a tower," Schafer said. "We just let these babies go."
Posted by airdoo on :
this isn't good news for gte
Posted by Edster on :
Looks like we may be in for another BIG down day here today. Chances of breaking below 3.00 pps today?????
Posted by Pagan on :
Added a new swing block today. Looking for SP to spike on anticipation and/or PR before month's end. GLTA!
Posted by Edster on :
Below 3.00 pps - hope it doesn't slide too much further
Posted by Morient on :
quote:Originally posted by stockvaper: Interesting article from MSNBC (Tech-Science/Innovation). Competition? ____________________________________________
...Once the balloons transit the state's stratosphere, the electronic gear would be jettisoned remotely and fall to the earth with a parachute.
The electronic equipment, about the size of a toaster, would be recovered through the use of a global positioning satellite device.
"We'd pay some guy a bounty, put in a new battery pack and send it off again," Knoblach said.
Schafer said a repeater could be used indefinitely "unless it lands in a lake or gets run over by a truck." ...
Why don't they just tie a string to it and float it at a steady altitude? Then wait till the balloon starts to loose gas and reel it in?
Carlos Mancia has a saying for things like this... what was it again? Oh ya...
Dee dee dee!
Posted by jps on :
I wonder how low it will drop. Last time it finally stopped at 1.14. But it shouldn't go that low this time. But then, it might...
Posted by Edster on :
Wow - I'll need a .50 increase just to breakeven on this!!!! Need to get some good PR out in a hurry or there may still be a long, long way to go before this bottoms out.
Posted by Edster on :
Wow - I'll need a .50 increase just to breakeven on this!!!! Need to get some good PR out in a hurry or there may still be a long, long way to go before this bottoms out.
Posted by sharkone on :
Need some good PR soon...please, pretty please..
Posted by Edster on :
quote:Originally posted by sharkone: Need some good PR soon...please, pretty please..
You got that right!!! Another day like yesterday and even great PR may not be enough to recoup the losses of the last few days.
Posted by sharkone on :
Edster,
I'm in the same boat as you, I need a .95 increase, just to break even now...
Shark
Posted by Edster on :
Don't like the early action on this today. Looks like another big down day is ahead. Hate to say it but probably will drop to around 2.50 today. OUCH!!!!!!
Posted by Edster on :
A little over 1 million shares in the first hour and holding on to a slight positive gain - maybe it'll be a better day that I thought.
Posted by jps on :
Something is up... might be good time to buy in.
Posted by jps on :
I'm back in.
Posted by sharkone on :
I was wondering that myself....why is this up 0.26 today with no major news or PR?
Hhhmmm.
Shark
Posted by jps on :
I would guess there will be news soon. Seems to be a steady upclimb. If there is news, this will skyrocket again.
Posted by Pagan on :
IN THE MONEY:Forget Dan Brown;Try 'The GlobeTel Code'>GTE
[ 2006-01-26 ]
By Maxwell Murphy, A Dow Jones Newswires Column
NEW YORK (Dow Jones)--At first glance, the world of GlobeTel Communications Corp. (GTE) appears akin to Dan Brown's blockbuster thriller "The DaVinci Code".
GlobeTel's a Florida-based company that, until now, has largely gleaned revenue from selling bundled telephone minutes. Dig a little deeper into GlobeTel's world, however, and you'll find a cast of global characters including a former astronaut, diplomats, Colombian President Alvaro Uribe, a firm founded by Henry Kissinger and a former CIA employee. There's even a member of the Knights of Malta, a millennia-old charitable Roman Catholic order some claim is as shadowy as Brown's puppeteering Priory of Sion.
But putting all this intrigue aside, GlobeTel's worth a look from the far less conspiratorial aspect of pure fundamentals.
GlobeTel, a former Bulletin Board shell company, has racked up more than $55 million in losses over the past several years. But it has aspirations to usher in a global wireless revolution, using a technology called WiMax it bought last year for nextto nothing, that it someday soon hopes to combine with its high- tech, blimp-like Stratellites (GlobeTel says "rigid dirigible" is more accurate than blimp).
The company says it just inked a deal with a group of Russian investors it says will land it a $150 million payment this month. There's another $450 million on top of that when it completes its wireless rollout in 30 major Russian cities over the next nine quarters, but GlobeTel says it's even more excited about the recurring revenue streams the deal promises than it is about the initial payment.
Though details are scant, $600 million would help convince its investors that GlobeTel's for real and prove wrong a growing throng of short sellers betting the hope is no more than hype. Short interest rose more than 32% from mid- December through mid-January, to more than 5.3 million shares sold short.
Neither shorts nor true believers have to wait long; GlobeTel Chief Executive Tim Huff says the $150 million is due in the next five days. A press conference in Russia with LLC Internafta, the foreign investors, will in February set the stage for network building in Moscow and Saint Petersburg beginning in April, he said.
GlobeTel's stock traded up slightly at $3.02 on the American Stock Exchange in Thursday midmorning trading, following a sharp drop Wednesday on heavy volume with no apparent news. Though it's off 33% from an all-time high earlier this month, it's still prodigiously above the roughly 15 cents it fetched just over a year ago. With more than 121 million fully diluted shares outstanding, GlobeTel has a market value above $360 million.
A successful Russian deployment - along with revenue from deals it says are in place in countries like Mexico, Colombia, Japan, China and Brazil - would justify that and then some.
If successful, tiny, unheralded GlobeTel will go down as one of the shrewdest acquirers in recent memory. GlobeTel paid only $2 million in stock just seven months ago when it bought HotZone Wireless. That deal gave it WiMax and other wireless technologies which GlobeTel hopes will deliver wireless telephony and broadband to Russia and other nations.
Put another way, the Russian deal is worth 300 times what the core technology cost GlobeTel.
Huff says HotZone, formerly a GlobeTel partner, sold the technology because it ran out of money, and he sees its acquisition as no more unusual or improbable than Microsoft paying $50,000 for an early version of the MS-DOS computer operating system.
Cynics have plenty of ammunition on GlobeTel: a history of losses, related party deals and lofty aspirations touted by a raft of press releases.
In 2002, Paul Taboada, an analyst with Hornblower & Weeks, was suspended and fined by National Association of Securities Dealers for "issuing a research report containing material misrepresentations and omissions" about GlobeTel back when it was called American Diversified Group. (His firm and two principals were also penalized). According to GlobeTel filings, Taboada consulted with the company for many years and is now an investor in a class of its preferred stock.
If GlobeTel's as full of hot air as the fleets of dirigibles the company sees as a cheaper alternative to satellites, some pretty big reputations are going to take a bath. Officers, directors and partners of the company include a former astronaut, Rick Searfoss, and a couple other well-respected employees of National Aeronautics and Space Administration that a NASA spokesman concedes GlobeTel was able to poach.
In September, it named former U.K. ambassador to the U.S., Sir Christopher Meyer, as its chairman. The distinguished statesman is currently chairman of the U.K. Press Complaints Commission and serves on the boards of several U.K. companies.
Then there's J. Randolph Dumas, a successful global businessman, Wharton graduate and, several biographical notes on him say, former national briefing officer for the CIA. The CIA doesn't confirm or deny employment or discuss companies, a spokeswoman said. Dumas was until recently employed by Rubikon Partners, a private equity firm he co-founded with Henry Kissinger, Leo A. Daly III, a third-generation architectural success and self-proclaimed Knight of Malta, and GlobeTel's most recent director, Dorian Klein.
The Uribe connection stems from a meeting with the Colombian leader and his cabinet last year over a potential $50 million deal, made with another company organized in Florida early last year, to float five Stratellites and set up a wireless network in the South American country. GlobeTel in July said it " received strong support for the project from several high ranking government officials including Colombian President, Alvaro Uribe," who GlobeTel officials said they met at his palace in Bogota and who was "very gracious and told ( GlobeTel) that he would help (it) in any way that he could to bring this technology to his country." A call to the Colombian embassy to the U.S. went unreturned.
GlobeTel's Sanswire unit wants to put fleets of these so-called Stratellites in the stratosphere, 65,000 feet over the Earth's surface. The Stratellites look like blimps, but GlobeTel is quick to remind they're a different breed of dirigible that hovers above the weather and can eliminate some of the signal delays and other problems experienced when transmitting to and from satellites in outer space. Since acquiring Sanswire in early 2004, GlobeTel has been developing and showcasing prototypes, and CEO Huff says a demo model will have a test run at Edwards Air Force Base next month with a working product ready in six to 12 months.
It also says deals with an Indian company, Financial Software & Systems, will be a huge success when GlobeTel's stored-value cards - a MasterCard that can also be used as a calling card and secure money-wiring-and-receiving device - hit the market in the coming months. With its new initiatives and a focus on the margins of its current business, Huff says debt-free GlobeTel sees break-even results for the current quarter.
Today's sales, growing rapidly as they may be, are designed more to boost GlobeTel's top line than its bottom. Right now, GlobeTel gets the vast majority of its revenue from selling wholesale international telephone minutes on its networks to a select few major telecommunications providers, and that business has the slimmest of gross margins. Huff says GlobeTel hopes to double that business, to about $200 million a year, and make it profitable, but the focus in coming quarters will be its other ventures.
Even Dan Brown's fictional protagonist, Harvard symbology professor Robert Langdon, might not be able to figure out whether GlobeTel's Russian wireless network will succeed. Until the story climaxes, expect GlobeTel investors on both sides of the fence to feel like they're reading a frenetically paced novel full of excruciatingly short chapters that each end with a cliffhanger.
(Maxwell Murphy is one of four "In the Money" columnists who take a sophisticated look at the value of companies, and their securities, and explore unique trading strategies.)
By Maxwell Murphy; Dow Jones Newswires; 201-938-5173; maxwell.murphy* dowjones.com
Posted by sharkone on :
Pagan,
In plain english, what does this essay say or imply? Good or bad?
Shark
Posted by Pagan on :
quote:Originally posted by sharkone: Pagan,
In plain english, what does this essay say or imply? Good or bad?
Shark
It's good IMO. Says if Globetel's deals and hard work come to fruition, future looks bright. I would refer you to these quotes from the article: "If successful, tiny, unheralded GlobeTel will go down as one of the shrewdest acquirers in recent memory. GlobeTel paid only $2 million in stock just seven months ago when it bought HotZone Wireless. That deal gave it WiMax and other wireless technologies which GlobeTel hopes will deliver wireless telephony and broadband to Russia and other nations."
"Put another way, the Russian deal is worth 300 times what the core technology cost GlobeTel."
"Huff says HotZone, formerly a GlobeTel partner, sold the technology because it ran out of money, and he sees its acquisition as no more unusual or improbable than Microsoft paying $50,000 for an early version of the MS-DOS computer operating system."
All GTE has to do now is perform, which is the way it should be IMO. GLTA!
Posted by sharkone on :
Thanks Pagan.
Shark
Posted by jps on :
Nice close. Maybe tomorrow will be green too.
Posted by NaturalResources on :
quote:Originally posted by Pagan: IN THE MONEY:Forget Dan Brown;Try 'The GlobeTel Code'>GTE
[ 2006-01-26 ]
By Maxwell Murphy, A Dow Jones Newswires Column ....
Great post Pagan. Thanks.
NR
Posted by jps on :
<em>Neither shorts nor true believers have to wait long; GlobeTel Chief Executive Tim Huff says the $150 million is due in the next five days.</em>
I bet there will be a news release for this soon then.
Posted by jps on :
Looking good. Hopefully the last we see of below $3, at least for a little while.
Posted by Pagan on :
'nuff said IMO.
GLOBETEL COMMUNICATIONS CORP. RESPONDS TO ARTICLE BY MOTLEY FOOL’S SETH JAYSON
January 27, 2006, Fort Lauderdale, FL -- In accordance with the obligations placed on all Amex-listed companies under Rule 401(c) of the Rules of the American Stock Exchange, GlobeTel Communications Corp. (AMEX: GTE) would like to state in the strongest terms that the statements and implications made by Mr. Seth Jayson in his Motley Fool article dated January 23rd, 2006, are entirely without substance and are misleading. The Company rejects his attempts at guilt by association regarding persons and actions that predate any GlobeTel involvement with Advantage Telecom. GlobeTel believes his misleading statements result in damaging implications that have the potential to seriously damage both shareholder value and the ability of GTE management to effectively conduct the Company’s business.
Posted by ehya on :
Sue'm Globetel....LOL Posted by R1Man on :
quote:Originally posted by sharkone: Edster,
I'm in the same boat as you, I need a .95 increase, just to break even now...
Shark
That sucks....hope you only have a few hundred invested. I thought about buying back in on that dip the other day but chickened out. If you look back to the last BIG downward trend before the contract.....this baby dropped very far. With the price cooling off a little, it make me wonder if its will drop to mid 2's again???
I don't own any GTE just to make this clear to everyone.
Posted by Pagan on :
GLOBETEL COMMUNICATIONS CORP. PROVIDES UPDATE ON FINANCING OF RUSSIAN WIRELESS JOINT VENTURE
Fort Lauderdale, Florida, January 31, 2006 -- GlobeTel Communications Corp. today announced that it has extended by 30 days the payment deadline for LLC Internafta to present its first payment so that lawyers and bankers for the parties may continue to work on structuring the payment to be in compliance with banking and currency transfer regulations in the United States and Europe.
GlobeTel CEO Timothy Huff stated: “This is a highly complex international transaction on which all sides continue to work together in good faith. There are numerous legal and regulatory issues that must be resolved and those steps require time and specialized expertise. GlobeTel is represented in Moscow by the law firm of Cleary Gottlieb Steen & Hamilton LLP.”
About GlobeTel Communications Corporation:
GlobeTel Communications Corp. is a diversified Telecommunications and Financial Services company. GlobeTel operates business units in stored value debit cards, as a certified financial transactions processor; the sale of carrier-grade VoIP of long distance to major long-distance re-sellers, VoIP technology, wireless radio technology and development, and high-altitude airship research and development. These self-contained business units were developed to operate independently of each other. The symbiotic relationship, however, provides value to each of the other business units. This strategy offers GlobeTel financial diversity and risk mitigation while striving toward its operating objectives.
Operating on a global basis, GlobeTel has historically focused its business development on markets outside of the United States. Current operations and business relationships exist in Asia, Europe, South America, Mexico and the Caribbean.
Cleary Gottlieb Steen & Hamilton LLP is a leading international law firm, with 12 closely integrated offices located in major financial centers around the world. For more than 50 years, the firm has been preeminent in shaping the globalization of the legal profession. Our worldwide practice has a proven track record for innovation and providing work of the highest quality to meet the domestic and international needs of our clients. In recognition of the firm's strong global practice, its effectiveness in dealing with the different business cultures of the countries in which it operates, and its success in multiple jurisdictions, Cleary Gottlieb received Chambers & Partners’ inaugural International Law Firm of the Year award.
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect" "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements. There can be no assurance that LLC Internafta will provide funding on a timely basis and there is substantial uncertainty with regard to the business and political climate when operating in the Russian Federation. Sanswire Networks and the launch of the Company's high-altitude airship are subject to various risk factors and investors should construe any such investment as speculative.. Certain of the above are more fully discussed in the Company's SEC filings.
Posted by Dustoff101 on :
Just a Heads-up! Down hard....Time again to buy???????
Posted by Pagan on :
Watch for a bottom to grab some new swing shares. GLTA!!!
Posted by Dustoff101 on :
Pagan, I could of bought a good used Beachcraft King Air Turbo Prop, if I would of played this stock correctly...
Liquidity can be exellant when it runs!
Posted by Peaser01 on :
People don't know what to think after the fool article and now this last PR. Looks like a panic sell off.
Pagan is definately the king of swing on GTE.
Posted by jordanreed on :
got more at 2.70....just missed the low at 2.45
Posted by bdgee on :
Dust...,
You better order extra tanks on that Beach. I don't think it will make Hah-wah-yah on standard ones.
Posted by Dustoff101 on :
Ya, but it will make it to Texas and Mississippi nonestop in about 6 hrs from here...
What an Airplane...
Hawaii? can be done...Without to much extra effort.Depending on the Model.
Bdgee, what was the name of the Rib house in Fort Worth? LOL
Posted by Dustoff101 on :
I know there is some Pilots in here.... Private/Commercial.
How about a quick come back on the best place to contact about a short term lease on a King Air/ used. With Pilot.
Evergreen?
Posted by George on :
I am ready to get back in this one and this might be my time. I will let it cool for a day or two and keep a close eye on it.
I guess people think because they delayed the first payment that something else could go wrong.
Posted by George on :
Hey Peaser...rememeber when we were playing GIGM? You gave me that one and I made pretty good on it...too bad I did not keep some of it...
Posted by George on :
Now I am even starting to wonder, first IN THE MONEY, then The Fool, now this....and I am a believer
News for 'GTE' - (=DJ GlobeTel Dn;'Numerous Legal And Regulatory Issues' To Fix)
By Maxwell Murphy
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--Shares of GlobeTel Communications Corp. (GTE) plunged abruptly in Tuesday trading when the Florida company said an initial $150 million payment from a Russian partner - which GlobeTel had said would arrive before Wednesday - will take up to 30 days longer than expected.
The deadline for LLC Internafta to make the payment has been extended by 30 days, GlobeTel said in a press release late Tuesday morning. Late last month, GlobeTel announced a group of Russian investors - about which there are scant details - would pay GlobeTel $600 million over the next nine quarters to install GlobeTel's HotZone WiMax wireless network in the 30 largest Russian cities.
GlobeTel, in its release, said the extra time is necessary "so that lawyers and bankers for the parties may continue to work on structuring the payment to be in compliance with banking and currency transfer regulations in the United States and Europe."
Timothy Huff, GlobeTel's chief executive, in the release called the deal a "highly complex international transaction on which all sides continue to work together in good faith," and said there are "numerous legal and regulatory issues that must be resolved and those steps require time and specialized expertise." Huff, who didn't return calls seeking further details, said GlobeTel's legal representation in Moscow is being handled by Cleary Gottlieb Steen & Hamilton, which couldn't immediately be reached for comment.
Last week, an "In The Money" column profiled GlobeTel, its sometimes dubious and always grandiose ambitions, and the big-name backers the company has, starting with Sir Christopher Meyer, the former U.K. ambassador to the U.S., who was named GlobeTel chairman in September.
In previous interviews, Huff told Dow Jones Newswires the $150 million would be in GlobeTel's hands by the end of January, to be followed by a joint February press conference with the Russian investors and the rollout of network construction in Moscow and other cities beginning in April.
GlobeTel has announced several deals all over the globe during the past year, with none yet leading to any material revenue. For example, in July it announced a $50 million deal with a new and unheralded Florida company to deploy over Colombia five of GlobeTel's Stratellites that would form the backbone of a wireless network in the South American country. GlobeTel even has the support, it says, of Colombian President Alvaro Uribe.
Stratellites are perhaps the most bodacious of GlobeTel's plans. They look like blimps, but are a different, rigid type of dirigible GlobeTel hopes to float in the stratosphere to provide a cheaper and better alternative to satellites. Several other companies, as well as the U.S. government, are looking into similar technologies for use in missile-defense-system, border-patrol, telecommunications and military applications.
American Stock Exchange-listed GlobeTel stock recently changed hands at $2.67, down 47 cents, or 15%, on heavier than usual volume of 5.5 million shares. The stock was off as much as 22% during the session.
-By Maxwell Murphy, Dow Jones Newswires; 201-938-5173; maxwell.murphy*dowjones.com
(END) Dow Jones Newswires
January 31, 2006 13:26 ET (18:26 GMT)
Copyright (c) 2006 Dow Jones & Company, Inc.- - 01 26 PM EST 01-31-06
Source: DJ Broad Tape
[ January 31, 2006, 13:54: Message edited by: George ]
Posted by jordanreed on :
No worries here...
Posted by Dustoff101 on :
Russia is going thru a period in there history that is very similar to what went on in the U.S. in the twenties and thirties..
The criminal gangs [ many of which are old KGB folks ] which infest buisiness in Russia, are going to retain their stranglehold for the forseeable future....
Just hope GTE has some heavy weights in their arsenal of people to handle the Russian Mafia.
Posted by JML123 on :
So is now a good time to accumulate some more shares?
Posted by jordanreed on :
your call...it may go lower...low 2's would be sweet but dont wait too long.any nice pr and you will have to wait for the next dip. Ask George
Posted by sharkone on :
There's been a great deal of discussion about the Russia deal, but has anyone heard any news about the stratellite itself? Is there any news about the testing of the commercial stratellite lately?
Shark
Posted by grandpa on :
I was watching a news channel the other night, and they were talking about cell phones and the fact that they were testing some kind of ballons in the next few weeks. they said that 3 baloons would cover a state that would otherwise take 100 towers. i hope they were talking about gte. Posted by R1Man on :
I hope it hits 1's again....that would be sweet! I did buy some at $2.68 and dumped it at the high the other day of $2.80. I am very nervous as to what the stock will do in the next few weeks. I'm again sitting on the sidelines.
Posted by imakmony2005 on :
The baloons thing is on yahoo tpye in gte news, dont know why there linked but it is not gte were going up and soon.over 4 bucks
Posted by rkh2005 on :
ay ay ay! Guys something's going to happen on Monday imo.
When the 50, 100 and 200 MA's are lined up like this, a big jump or big drop will happen soon. Take the MA lines at Tuesday's open, for example. I should mention, though, that it has maintained itself pretty well, so a jump is very possible. I'll keep an eye on this one on Monday.
Posted by Marcus on :
I was in this one before the R/S and got out at $4. Going to wait til it pulls back to under $2. I feel like this will jump, but not before some really good news....
Posted by Edster on :
Just got back from a 10 day vacation and all I have to ask is "What happened????" Looks like the bottom fell out of GTE due to some less than encouraging news on the Russian deal.
Posted by roachkiller1 on :
im not sure if i should wait on this our buy in right now. this could the lowest it may go down too before some news comes out. any comments?
Posted by Edster on :
quote:Originally posted by roachkiller1: im not sure if i should wait on this our buy in right now. this could the lowest it may go down too before some news comes out. any comments?
With GTE you never know how "low" it can go. I would have thought it never would have dropped below 3.00 but I was WRONG there! Even the slightest bit of bad news now would drop this like a rock. I do not see any good news coming out soon and as we near the end of the month - who knows what'll happen with the Russian payment. If that gets put off again - watch out.
Posted by roachkiller1 on :
arent they suppose to be coming out with some news on the release this month? if they are that would be great.
Posted by jordanreed on :
they extended the russian payment by 30 days is all...legit delay, but it put some ppl off.. may continue to slowly fall off if no pr soon...i expect one any day, my friend (deepockets) said his broker (tdwaterhouse) told him that over night a lot of money was flowing into GTE..not sure what that means ,but it COULD be that a pr is on the way... IMO...
Posted by B-Man on :
What about the test flight??? Any news, like a launch date would be nice!!!!!!!!!!!!!
Posted by sharkone on :
Ugh...I need this stock to get back up to 3.75, just to break even...
Someone needs to get over to GTE headquarters and find out what is going on! Test flight?
Posted by Dustoff101 on :
jordon, got to follow the money on this one... I think this stock may have some of the top 5% swing and daytraders in it..
Big money boys, if ya know what I mean.
Posted by Edster on :
Fairly light trading day so far in GTE. Maybe it is catching it's breathe for the next strong move to the upside. I won't talk about any possible downside move given the last week of activity.
Posted by DWS on :
Picking up some steam
Posted by DWS on :
Picking up steam.... any news?
Posted by ladybird on :
Something's up. GTE at $2.75 right now.
Posted by DWS on :
2.90....
Posted by ehya on :
Wow its movin quick
Posted by DWS on :
3.00.... that was fast...
Posted by Dustoff101 on :
Yep, just what I thought, big boys are a playing again! Go Baby Go
Posted by R1Man on :
I wonder why its shot up so fast. I don't see any news out.
Posted by ehya on :
3.05
Posted by Dustoff101 on :
R1, dosen't matter 'bout no stinking news!
The Big Boys are feeding!!!!!They will run the Hell outa it at times!
Posted by DWS on :
Volume is huge on this... wher will we end up today?
Posted by DWS on :
3.20... oh man
Posted by ehya on :
Its fun to watch, high of 3.25
Posted by Dustoff101 on :
Damn!!! They are feeding, major league!!!
Luv These feeding frenzies!!!
Posted by DWS on :
3,000,000 traded.... now 3.33
Posted by Dustoff101 on :
22.90% gain! at $3.22, Thats big doe, the way these Cats play...
Posted by Dustoff101 on :
Geezzz, look at this Baby RUN!
Posted by Danny12345 on :
damn these hungry hippo.. I fed it too early, but still good though
Posted by DWS on :
4,000,000... man up 30% may have to feed them too...
Posted by kywee on :
looking good. i might jump in towards eod for the gap up if the momo is good
Posted by George on :
wow/// It was just getting back down for me to get in then this...I have got to pay more attention but who knew...I have missed the bottom too many times on this one..
Posted by kywee on :
im so tempted, but ima try to wait for a good dip
Posted by George on :
Just rememebr if you are swinging it that it drops just as fast...Might be some news coming out...large vlume here.
Posted by sharkone on :
I don't get it...no news, up 30%?? Someone know something we don't know...
Posted by ehya on :
3.57
Posted by twright2k4 on :
madness i tell you.
Posted by Dustoff101 on :
Sharkone, as I previously posted, doesn't need no "stinking news" the Big Boys is feeding, Big Time..
Top 5% of the swing and daytraders got this thing down to an Art!
Behold! just look at um in action! these Cats really know there chit!
Posted by sharkone on :
How high do you think this will go?
Shark
Posted by George on :
it has not seen volume like this since the 31th which was all selling....
Posted by Dustoff101 on :
quote:Originally posted by sharkone: How high do you think this will go?
Shark
------------------------------------------------- Watch the L2"s for their feathering signals.
Posted by sharkone on :
What are "feathering" signals...pardon my ignorance...
Shark
Posted by DWS on :
I had to take my 50% gain... too much money on the table... good luck to everyone...
Posted by Dustoff101 on :
Feathering? taking the power off the propellar. Hence, taking the power off the bid and ask.
Posted by Dustoff101 on :
Damn, these Cats are good at this.
Posted by BchOus on :
Does AMEX require the stock to maintain at $3.00?
Posted by Dustoff101 on :
Nope
Posted by Edster on :
Wonder what would happen at this point if good news "actually" came out - seems like it may already be reflected in the price run-up.
Posted by sharkone on :
What's going on...is this the feathering part?
Posted by Dustoff101 on :
yep, they are backing off the power, who knows how well they got fed...Soooo they may try and run it again..
These dudes are First Class traders.
Posted by Dustoff101 on :
Geezz, I made a louzy $125.00 quess that shows what class I fall into! LOL
Posted by jordanreed on :
weelll...that was exciting...back to watchin tv
Posted by jordanreed on :
125 aint bad..i bet we see sum news reeaall soon
Posted by Pagan on :
By Maxwell Murphy A Dow Jones Newswires Column
NEW YORK (Dow Jones)--GlobeTel Communications Corp. (GTE) may just turn "worse than expected" into "better than imagined" after all.
Recently, a delay in a $150 million initial payment from a wireless deal with Russian investors sent shares sharply south. But the Russians told Dow Jones Newswires their commitment to GlobeTel could make the delay doubly lucrative for the Florida-based company.
Displeasure with the hold-up, coupled with confidence in both GlobeTel and a swift resolution, has caused the Russian investors to bump the first scheduled payment to $300 million, or half the face value of the wireless-network pact GlobeTel announced in December, the company and one of the Russian investors told Dow Jones Newswires Thursday.
An 'In The Money' column in January profiled the GlobeTel saga and highlighted the risks and potential rewards attached to it, its stock and the Russian wireless pact.
GlobeTel was due to receive $150 million, the first of several payments totaling $600 million, by Jan. 31, but that same day the company instead told investors via a press release that receipt of the money would be delayed up to 30 days. GlobeTel Chief Executive Timothy Huff blamed some technical regulatory issues regarding the transfer of funds.
Maxim Chernizov, the only named principal of LLC Internafta, the Russian company set up to do business with GlobeTel, echoed Huff's view during the interview with Dow Jones Newswires Thursday, saying the delay was caused solely by the efforts of regulatory agencies to make sure the funds weren't being laundered and the transaction passes all the requisite international "sniff" tests.
The $300 million, along with the rest of necessary funds, are in banks like Banco Do Brasil waiting to be released to GlobeTel's European operations, Chernizov said from Moscow in a telephone interview. The interview was conducted using a third-party translator on a conference call set up by GlobeTel.
Chernizov, who describes himself as a businessman who made his fortune in rare earth metals, declined to name the other Internafta principals until the wireless venture becomes official and begins commercial operations, but he says none of the money he and his partners bring to the table is in any way associated with oligarchs, politicians or anyone else who would raise flags.
Chernizov says Internafta isn't worried about competition from established Russian players because GlobeTel's network will work with wireless networks already in place but also brings new technology to improve the depth and breadth of telephony and other wireless services, as well as increase the size of the regions blanketed by coverage.
He says he has already received firm interest from affiliates of Russian oil giant Gazprom OAO - where Chernizov says he used to work - who would much prefer to use Internafta's WiMax services than the spotty satellite phones that are the standard in Russia's barren Northern regions. The fact that he and most of his partners have no background in telecommunications doesn't shake Chernizov's confidence in the least.
Internafta's aggressive plans call for 10 million or more subscribers in the first three years of service, which would create an enormous recurring revenue stream which Internafta and GlobeTel would split down the middle. Spokesmen for established players in the Russian wireless arena, like Vimpel Communications (VIMP.RS), couldn't immediately be reached for comment on the state of that industry in Russia or the competitive threat a newcomer like Internafta might pose.
GlobeTel's highly speculative stock has done a yo-yo on the American Stock Exchange for months as the former Bulletin Board company has announced ambitious deals for its WiMax wireless networks and other emerging technologies, deals that have yet to pay dividends.
It sports a huge shareholder base, many of whom are rabidly loyal. As you might guess, it also has its share of cynics among both investors and the fourth estate. A growing throng of short sellers is betting against the company, and almost 5.4 million of its more than 121 million fully diluted shares outstanding were sold short as of the middle of last month. Even though trading at $2.58 a share at last glance, some of its strength sapped by the delay announcement a couple of weeks ago, GlobeTel's market value tops $300 million; however, that is a number the Russian money would likely justify and then some.
Critics point to a raft of glowing press releases about global deals that have yet to generate revenue. They poke fun at GlobeTel's vision of fleets of airships - blimp-like Stratellites - which the company claims will eventually eliminate the need for cellular phone towers and provide a cheaper, more effective and easier alternative to satellites.
Critics also say GlobeTel's current business, growing rapidly though it is, is nothing more than an unprofitable attempt at the simple business of bundling and reselling wholesale overseas long-distance minutes to major telephone service carriers. Another business for which GlobeTel has high hopes is a sort-of Mastercard-phone card combo, being tried out in places like India, that allows secure international wire transfers of funds among individuals.
But GlobeTel is also surrounded by respected people of pedigree, including engineers from the National Aeronautics and Space Administration and a decorated former astronaut. In September, it named as chairman Sir Christopher Meyer, the distinguished former U.K. ambassador to the U.S., and it counts among its supporters successful businessmen like J. Randolph Dumas, a Wharton business school graduate and former national briefing officer for the Central Intelligence Agency, and Leo A. Daly III, the third-generation head of the eponymous global architectural and engineering firm.
Dumas, Daly and recently named GlobeTel director Dorian Klein helped form international venture capital group Rubikon Partners with noted American political figure Henry Kissinger.
CEO Huff admits the company hasn't proven itself yet, and welcomes the skepticism. He says in the near future it will become obvious whether or not GlobeTel is for real. Major progress toward a bright and profitable future will be clear this quarter, he says, with "substantial gains" in all the company's businesses.
By the third quarter, GlobeTel's success should be a "foregone conclusion", he said, and the fourth quarter will be "the cherry on top." If not, expect someone other than Huff to go down with the ship, because Huff says if GlobeTel "isn't being called a success by December 2006, [he] will no longer be its CEO".
(Maxwell Murphy is one of four "In the Money" columnists who take a sophisticated look at the value of companies, and their securities, and explore unique trading strategies.)
-By Maxwell Murphy, Dow Jones Newswires; 201-938-5173; maxwell.murphy*dowjones.com
(END) Dow Jones Newswires
02-09-06 1339ET
Copyright (c) 2006 Dow Jones & Company, Inc.
13:39 020906
Posted by sharkone on :
Dust,
Let me see if I understand what is going on: The first class traders all get together and drive up the price of the stock, though there may be no actual news. Newbies see the hype, buy into the hype and then the first class traders sell off, leaving the newbies with overpriced shares? So if my theory is correct, the price of GTE is going to go back to its original 2.60'ish within a couple of days, weeks, with no real news...
Does that sound about right, or am I missing something else.
Thanks in advance, Shark
Posted by jordanreed on :
theres the news...lol
Posted by Dustoff101 on :
quote:Originally posted by jordanreed: 125 aint bad..i bet we see sum news reeaall soon
----------------------------------------------- Yep, and now they are selling into it.
Posted by Dustoff101 on :
Look at um sell into that news...
Feathered, till before, the next run..
Good pickup on that activity signal Jordon..
Posted by DWS on :
I'll be looking for reentry early next week. I believe this will retrace down again.
Posted by kywee on :
EOD run?
Posted by Dustoff101 on :
I dunno, they may power up for another go at it.
Posted by jordanreed on :
comin bak jak
Posted by imakmony2005 on :
ya baby, sold and just might be bummed in the morning if this thing gos over 4 bucks.
Posted by Dustoff101 on :
Yep, the power-up is back on! God these Cats are good.
Posted by George on :
it's the people that get the word early...they buy and then sell once the news hits..that's why I said there was news on the horizon...
Posted by George on :
I am actually doing better on PYCT...I know it is a scam...what the hell play the game...
Posted by Dustoff101 on :
quote:Originally posted by George: it's the people that get the word early...they buy and then sell once the news hits..that's why I said there was news on the horizon...
------------------------------------------------- There is more to it than that George... Big board stocks don't consistantly trade like this all on there own..
I'm telling ya, these traders are way out of most of our leagues.
Posted by Dustoff101 on :
Now thats what I call a power-up! the bid just jumped over the ask!
Last trade shows $3.45 and the bid was 3.45 with an ask of $3.41
Now they got it right again...
Posted by imakmony2005 on :
GAP OPEN, ITS JUST HOW HIGH. IMHO
Posted by MillerTIME on :
Good news today. I heard something about 30M from a company in india? Dont know if this is public yet but they were talking about it in my trading room. I dont really follow GTE since it was GTEL, but looking good here IMO
Posted by stashu on :
WARNING!!!!!
I believe there is no such company as Internafta(The Russian company that Globetel is involved with).
I cannot find any info at all about them on any search engine, maybe someone here can. All links seem to originate with the same January PR.
Posted by jordanreed on :
so youre saying that gte signed a 600 million dollar agreement with a company that doesnt exist? Im not sure what you mean...
Posted by Dustoff101 on :
Wow, talk about High Drama...What gives Stashu?
Posted by Dustoff101 on :
As many on this board know...I know a Big Shot in Hawaii, who was a Wall Street big timer...
He has said things to me about GTEL, but nothin since it became GTE.
He might let me know, if there was a huge problem, I think. But then again he is retired now and might not give a chit.
We are fishing friends, and he very seldom will talk biz to me.
I might bug him if this thing doesn't clear up and fast.
Posted by BuyTex on :
quote:Originally posted by stashu: WARNING!!!!!
I believe there is no such company as Internafta(The Russian company that Globetel is involved with).
I cannot find any info at all about them on any search engine, maybe someone here can. All links seem to originate with the same January PR.
not saying it's this company, but found this on quick search:
Today's company sponsored PR didn't show up on yahoo or etrade. What about Ameritrade, Choicetrade, etc?
Posted by Dustoff101 on :
Bid holding at $3.23 Ask holding at $3.43
After,,, the after hours.
If sumpin was Haywire, it would of re-flected by now.
Posted by NaturalResources on :
Looking good in the AH trading. Hope this thing goes way up tommorow.
Posted by jordanreed on :
as far as i'm concerned.. this is a non-issue!!..sounds like the motley-FOOL article..with the emphasis on fool..lol Posted by Dustoff101 on :
Well, I'm going to pick up my Bento Box takeout.. Thanks for the goof ball red herring Stashu.
Posted by Edster on :
Little bump-up here in the pre-market. 3.54
Posted by stashu on :
quote:Originally posted by Dustoff101: Wow, talk about High Drama...What gives Stashu?
All I'm saying is that I cannot find any information about a company called "Internafta" anywhere.
Go ahead and Google it, Yahoo it, MSN it, use any search engine you want.(Maybe someone has access to Nexis/Lexis, I don't)
All you'll find are references to the same January PR.
It reminds me of looking for evidence of Frank Olsen's previous TV networks that he "started up and sold for a profit" and coming up with that same college presentation biography.
I honestly wish someone would prove me wrong here as I kinda like this company and I did hold stock thru the reverse split/ exchange change. I currently do not.
Take a look at this link, this is what first got me a little suspicious.
quote:Originally posted by jordanreed: keep yur 2 cents or stick it in gte... that "fool" article was already discredited....
Where was the article discredited - did GTE come out with a rebuttal or what???
Posted by BuyTex on :
stashu,
see below: found that relatively quickly; the PR does say it's a private company--may not have a good reason for a Web site in Russia; prolly will take digging in int'l sources to find info...
quote:Originally posted by BuyTex:
quote:Originally posted by stashu: WARNING!!!!!
I believe there is no such company as Internafta(The Russian company that Globetel is involved with).
I cannot find any info at all about them on any search engine, maybe someone here can. All links seem to originate with the same January PR.
not saying it's this company, but found this on quick search:
yes it did...look back a few pages.. ..i have to leave now for work, but i'll post it later if no one can do it now
Posted by jordanreed on :
ok ...here it is GlobeTel Communications Corp. Responds to Article by Motley Fool's Seth Jayson
By BusinessWire Last Update: 1/27/2006 4:27:01 PM Data provided by
FORT LAUDERDALE, Fla., Jan 27, 2006 (BUSINESS WIRE) -- In accordance with the obligations placed on all Amex-listed companies under Rule 401(c) of the Rules of the American Stock Exchange, GlobeTel Communications Corp. (GTE) would like to state in the strongest terms that the statements and implications made by Mr. Seth Jayson in his Motley Fool article dated January 23rd, 2006, are entirely without substance and are misleading. The Company rejects his attempts at guilt by association regarding persons and actions that predate any GlobeTel involvement with Advantage Telecom. GlobeTel believes his misleading statements result in damaging implications that have the potential to seriously damage both shareholder value and the ability of GTE management to effectively conduct the Company's business.
About GlobeTel Communications Corp.:
GlobeTel Communications Corp. is a diversified Telecommunications and Financial Services company. GlobeTel operates business units in the following areas: (i) stored value debit cards as a certified financial transactions processor (ii) carrier-grade VoIP long distance sales to major long-distance re-sellers (iii) VoIP technology (iv) wireless digital technology and development and (v) high-altitude airship research, development and deployment. These self-contained business units have been specifically developed to operate independently of each other. Their symbiotic relationships, however, provide value to each of the other business units. This strategy offers GlobeTel both financial diversity and risk mitigation while creating a platform for achieving its unique commercial and social objectives.
Operating on a global basis, GlobeTel has historically focused its business development efforts on markets outside of the United States. Current operations and high level business relationships exist in Asia, Europe, South America, Mexico and the Caribbean.
SOURCE: GlobeTel Communications Corp.
Posted by Edster on :
quote:Originally posted by jordanreed: ok ...here it is GlobeTel Communications Corp. Responds to Article by Motley Fool's Seth Jayson
By BusinessWire Last Update: 1/27/2006 4:27:01 PM Data provided by
FORT LAUDERDALE, Fla., Jan 27, 2006 (BUSINESS WIRE) -- In accordance with the obligations placed on all Amex-listed companies under Rule 401(c) of the Rules of the American Stock Exchange, GlobeTel Communications Corp. (GTE) would like to state in the strongest terms that the statements and implications made by Mr. Seth Jayson in his Motley Fool article dated January 23rd, 2006, are entirely without substance and are misleading. The Company rejects his attempts at guilt by association regarding persons and actions that predate any GlobeTel involvement with Advantage Telecom. GlobeTel believes his misleading statements result in damaging implications that have the potential to seriously damage both shareholder value and the ability of GTE management to effectively conduct the Company's business.
About GlobeTel Communications Corp.:
GlobeTel Communications Corp. is a diversified Telecommunications and Financial Services company. GlobeTel operates business units in the following areas: (i) stored value debit cards as a certified financial transactions processor (ii) carrier-grade VoIP long distance sales to major long-distance re-sellers (iii) VoIP technology (iv) wireless digital technology and development and (v) high-altitude airship research, development and deployment. These self-contained business units have been specifically developed to operate independently of each other. Their symbiotic relationships, however, provide value to each of the other business units. This strategy offers GlobeTel both financial diversity and risk mitigation while creating a platform for achieving its unique commercial and social objectives.
Operating on a global basis, GlobeTel has historically focused its business development efforts on markets outside of the United States. Current operations and high level business relationships exist in Asia, Europe, South America, Mexico and the Caribbean.
SOURCE: GlobeTel Communications Corp.
Thanks a bunch jordan - Appreciate it!!!
Posted by Dustoff101 on :
All I know is those of us that have played this stock since the GTEL days of .0012 have seen this dream stock " SURVIVE " everything from "Keystone Cops" to soaring dreams and victories...
This thing is a swing- traders dream come true! Liquidity is key to placing big bets, and this Baby has what it takes...BIG TIME!
The one variable that no sane person can dismiss is the "Ruskies"......
AND!! Lets not forget the GLASSMAN!! for bringing this stock to all of us!! He da Man!
Posted by Pagan on :
quote:Originally posted by BuyTex: stashu,
see below: found that relatively quickly; the PR does say it's a private company--may not have a good reason for a Web site in Russia; prolly will take digging in int'l sources to find info...
quote:Originally posted by BuyTex:
quote:Originally posted by stashu: WARNING!!!!!
I believe there is no such company as Internafta(The Russian company that Globetel is involved with).
I cannot find any info at all about them on any search engine, maybe someone here can. All links seem to originate with the same January PR.
not saying it's this company, but found this on quick search:
The PR below states that Internafta,LLC is a private entity that was established by the Russian investors for the explicit purpose of the transaction with Globetel Wireless.
GlobeTel Cites Details of Russian Wireless Agreement FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Jan. 9, 2006--GlobeTel's (AMEX:GTE) entry into the Russian communications market is the culmination of more than a year of meetings with Russian investors, members of the Russian Parliament and leaders of the Russian technology sector. The successful results of those discussions and final negotiations were released by GlobeTel to its shareholders and to the public on December 30, 2005. In order to further clarify the nature of the transaction, GlobeTel Communications Corp. today has provided below the following additional information about the transaction. The full contract may be viewed as part of the company's 8-K filing with the SEC on January 6, 2006.
Q. Who are the counterparties to the Russian Agreement?
A. GlobeTel Wireless, GlobeTel's wholly-owned subsidiary, has entered into a binding contract with LLC Internafta ("Internafta"). Internafta is a private Russian special purpose corporation formed by a group of wealthy Russian investors (the "Investors" or "Internafta") for the specific purpose of deploying GlobeTel's proprietary wireless communications systems throughout the Russian Federation.
Posted by Dustoff101 on :
Perfect! look at it come back down so we can ride this baby again!
Posted by stashu on :
Oh Ok, so there was no such company called Internafta until it was formed for this deal with Globetel.
That explains why the is little or no information available.
Thanks.
By the way, not to be picky but, that statement issued by Globetel about the MF article was a response to the Jan. 23 article, not the Jan. 7 article which I posted the link to.
They never did respond to that article.
Posted by Edster on :
Looks like a little profit taking kicked in today - but not as much as I had thought there would be. Holding up fairly nicely given the huge runnup yesterday.
Posted by Dustoff101 on :
Edster, the profits were taken out yesterday.. Now it's just back into it's usual downtrend after the run..
My GTC Bid is going in at $2.65
Posted by imakmony2005 on :
love GTE
Posted by stashu on :
That link is not Internafta's web page, it's simply a company info lookup page.
This is what that Russian page translates to:
Company "Inter- naphtha achieves wholesale and retail trade in the petroleum products through the network AZS.Postoyano it buys bright it nefteprodukty..internafta.ukrbiz.net
Thanks again for the solid DD!
Posted by BuyTex on :
hey, I told ya it was a quick search, lol...what'd you find, again?
Anyway, as Pagan pointed out, the Russian group was put together for this deal...
Posted by stashu on :
quote:Originally posted by BuyTex: hey, I told ya it was a quick search, lol...what'd you find, again?
Anyway, as Pagan pointed out, the Russian group was put together for this deal...
Yeah, I know. It's hard to do any real research on a company that was just formed for this specific purpose, especially a foreign company.
But to be honest with you, red flags are going up for me. And I've been waiting to possibly get back into this stock.
Posted by BuyTex on :
i would imagine the IR dept can supply DD on the Ruskies--now that GTE is on AMEX, they'd be nuts to try a fast one...
Posted by Pagan on :
quote:Originally posted by stashu:
quote:Originally posted by BuyTex: hey, I told ya it was a quick search, lol...what'd you find, again?
Anyway, as Pagan pointed out, the Russian group was put together for this deal...
Yeah, I know. It's hard to do any real research on a company that was just formed for this specific purpose, especially a foreign company.
But to be honest with you, red flags are going up for me. And I've been waiting to possibly get back into this stock.
I note that you are "waiting to possibly get back in". Have you been on the sidelines through all of the swing opportunities? Or are you just referring to a long position? There has been a whole lot of opportunities to make massive bank on the volitile swings of GTE if you can stomach the the ride. Its been great!! GLTY, either way you choose to play it.
Posted by bdgee on :
quote:Originally posted by BuyTex: i would imagine the IR dept can supply DD on the Ruskies--now that GTE is on AMEX, they'd be nuts to try a fast one...
I don't know about that Tex.
First of all, they have a history indicating they may actually be a bit nuts.
Second, assume they are rasonably bright and not nuts but careful students of risk analysis. The down side? A yeart or two in one of the Fed's less violent many-bars. Up side? Maybe tens or hundreds of millions stashed in off shore numbered accounts? Not so bad an hourly stipend.
Posted by Dustoff101 on :
Ya just gotta remember that Russia is in a "Wild Wild West' Phase.....
One of these days ya just might get left holding at the Top swing for a long time...
But!!! With so much money to made swinging this thing, somehow the Boys would get the thing swinging again.....
I am no scientist, or Einstien, just been around a bit...
Also, there is two paydays for the Big Boys on this thing...The other is called a SHORT posistion....
The average "Joe" can make a killing in this stock as long as you don't get greedy and or start believing your own Bullsnot! LOL
I think Pagan is probably flying a Lear by now.. I just want my Turbo King Air!!!!
Posted by BuyTex on :
Ya, Pagan's played this thing like a cello...
Beedge, not quite following ya--I mean, I get what you're saying, but not aware of any evidence for support...as far as I know, the Strat is a real, physical item in a real hangar; the hires from NASA have never been disputed, that I'm aware of...
To me, this Ruskie skepticism is healthy, but deserves a call to IR to ask for DD--not mere PR, but info that can be verified via third-parties. Until those calls are made, speculation is simply that...
Posted by Peaser01 on :
The motley fool has a new article out the other day. It mentions GTE breifly, but you all probably have already seen it.
I'm looking to get back in on the next dip.
Until any positive news comes out on the strat progress, this is a great swing trading stock.
Posted by jordanreed on :
the russian payment is due at the end of the month...should see a nice jump in price when they follow thru...imo
Posted by Dustoff101 on :
$3.08 low
Posted by Dustoff101 on :
Ah, come on boys! Bring it down to $2.62 to my bid!
Posted by Dustoff101 on :
Running!
Posted by Dustoff101 on :
Well, there's $3.02
Posted by Peaser01 on :
It'll get there D.
Posted by George on :
I wish I never quit playing this one....I have got to get focused again and take a hard look..I have passed up some great money here.
Posted by DWS on :
This thing will be primed for another good run in a couple of days. Should be fun.
Posted by Dustoff101 on :
Ya, but I am going to hang in there with my main money bid at $2.62
Probably will grab a minor position on the way down though.
That $2.93 was damn tempting.
Posted by Edster on :
Very light volume and price movement today. Similar to last week just before the price run-up. Unless I missed it - it should be about time for GTE to send out their latest quartely financials I think.
Posted by Pagan on :
GlobeTel Announces the Product Launch of GlobeTelX®, an Advanced VoIP CPE Device Using the Asterisk IAX2 Protocol
FORT LAUDERDALE, Fla.—February 15, 2006--GlobeTel Communications Corp. is proud to announce the launch of its new GlobeTelX® product line of VoIP Gateways. GlobeTelX® is a series of advanced VoIP CPE (Customer Premise Equipment) units based on Asterisk IAX2 (Inter-Asterisk Exchange Version 2), jointly developed with Taiwan-based Accel Inc. and IP-WARE S.L. based in Spain. GlobeTel incorporated the GlobeTelX® as part of its GlobeTel VoIP® platform to provide voice calling services over IP or the Internet as well as offering it as a stand-alone gateway to be integrated with existing Asterisk PBXs. Asterisk’s IP PBX solution, open source, is rapidly gaining popularity around the world as it offers a full feature PBX functionality at low cost. The GlobeTelX® product line is the result of GlobeTel identifying the growing need for intelligent CPE units that utilizes the native IAX asterisk protocol and developing a complete range of products for the retail and corporate market. Almost all new GlobeTelX® IAX VoIP models have routing capabilities while all models support advanced call services such as Caller ID, call waiting, call forwarding, selective call forward, call transfer, and much more. GlobeTelX® offers toll quality voice, echo cancellation and silence suppression support. The advantage of GlobeTelX® CPE units over existing solutions is its simple plug & play installation procedure and its ability to work easily behind NAT and firewalls devices. The auto provisioning features together with the advanced IAX Manager server provide a perfect mass deployment solution for carriers and ISPs. The user is simply required to connect the unit to the Internet and all configuration tasks and firmware updates are carried remotely by the IAX Manager to the user without the need of local technician intervention. The marketing of GlobeTelX® solution has begun in Europe with IP-WARE S.L. along with a number of other distributors starting with the series of units supporting 1, 2 and 4 phone lines. Distribution in the U.S and Latin America is expected to begin before the end of the second quarter. “We believe that there is a huge market of Asterisk users longing for such products to use as home or remote office extensions to their central Asterisk PBX. The fact that the IAX unit can traverse Firewalls and NAT much easier than many other CPEs using SIP protocol and occupies less bandwidth will further contribute to the expansion of our retail VoIP services,” stated Mr. Huff, CEO of GlobeTel. "We estimate a scalable demand for our GlobeTelX® boxes starting with at least 100K units during this year to more than double during the 2nd year " added Mr. Huff. GlobeTel see the following market sectors for the GlobeTelX products: - Carriers, ISPs and Cables companies that will acquire the GlobeTelX as part of the global StrateVoIP® solution. The StrateVoIP® product (www.StrateVoIP.com) is a complete turn key solution that will turn any existing cable or Internet Service Provider (ISP) into a leader in VoIP technology without the usual obstacles involved in building out a carrier-class VoIP platform, and without the significant capital expense. - Asterisk Integrators that will integrate the GlobeTelX® units with their IP PBX products for the SME market - Digium partners and distributors - Vertical Market that uses the Asterisk server as platform to develop applications such as security systems, alarm systems, remote monitoring, etc. - Retail market for users that are affiliated to IAX service providers for IAX to IAX and IAX to PSTN communications. About IP-Ware and Accel IP-Ware S.L., a privately owned company, located in Barcelona, Spain , specializes in providing solutions and managing projects using the most comprehensive range of top-quality and state of the art VoIP equipment for 2 business telecommunication systems on the world market .(www.ip-ware.net ). IP-Ware cooperates with several leading related companies, among them the Taiwan based ACCEL, Inc. ACCEL Inc. specializes in the design and manufacturing of VoIP and multimedia remote access equipment. ACCEL is a leading IP telephony technology company that has distinguished itself by offering carrier-grade quality of real-time voice/fax, scalability from two ports to 30 ports in a single embedded VoIP Gateway, interoperability across different vendors of IP phones, PBXs, and Gateways, along with a very competitive cost structure.
Posted by Edster on :
Looks like that recent PR led to a very short spike up to 3.34 - but it sure fizzled awfully fast.
Posted by imakmony2005 on :
LOOKS LIKE IT MIGHT MOVE UP HERE.
Posted by ehya on :
ouch
Posted by imakmony2005 on :
BIG OUCH, BUYING OP
Posted by Edster on :
quote:Originally posted by imakmony2005: LOOKS LIKE IT MIGHT MOVE UP HERE.
BIG DROP??????????? down to 2.89 !!!!! Any idea as to what the heck is happening?
Posted by imakmony2005 on :
THE NEWS JUST CAME OUT.
Posted by Edster on :
Business Wire - February 17, 2006 12:44
FORT LAUDERDALE, Fla., Feb 17, 2006 (BUSINESS WIRE) -- GlobeTel Communications Corp. (AMEX:GTE) announced that Sir Christopher Meyer, its Non-Executive Chairman, has requested a change in his status, effective March 19, 2006, to that of an Independent Director. As a result of his current professional obligations and commitments in the U.K., Sir Christopher has advised the Board that he feels unable to commit the time to the Chairmanship of GlobeTel that the company's shareholders have the right to expect.
Sir Christopher stated, "I have the highest regard for GlobeTel, and its Officers and Directors. But my pre-existing obligations carry a heavy weight of responsibility within my own country. Thus, I believe I would better serve the company by passing the leadership baton to another qualified individual who is equipped to devote the time and attention that this important job requires."
"We have greatly valued Sir Christopher's tenure as our Chairman. Under his administration and vision, the company has made great strides in all of its businesses and we particularly appreciate the significant enhancements that he has brought to our Board of Directors, exactly in the way that he suggested when he initially joined the Board. We look forward to a continued relationship with him as one of our most distinguished Board colleagues," stated Timothy Huff, Chief Executive Officer of GlobeTel Communications.
In the context of this change, Sir Christopher will assist the company in identifying and securing an appropriate replacement during the coming weeks.
Posted by ehya on :
creepin back up
Posted by imakmony2005 on :
GOT SOME UNDER 3 JUST GONNA SELL IT BACK.LOL
Posted by imakmony2005 on :
LETS DO IT AGIAN.
Posted by Peaser01 on :
quote:Originally posted by Dustoff101: Ya, but I am going to hang in there with my main money bid at $2.62
Probably will grab a minor position on the way down though.
That $2.93 was damn tempting.
We're getting there D.
Posted by Pagan on :
Options are now available Posted by B-Man on :
Man we could really use some good news!!!!
Posted by Dustoff101 on :
Not yet!!!!!!! it hit $2.75 I need $2.62 to fill!!! LOL
Posted by imakmony2005 on :
FLIPPING FOR CASH................
Posted by B-Man on :
Well I hope you get there, I am stuck at the 3.20 range and that is my swing pos it just gets there and something draws it back down its madding I tell ya drives me nuts!!!!!!!!
Posted by imakmony2005 on :
If you can play with it say , put a sell at 3.73 then put a buy at 2.79 flip away.
Posted by Dustoff101 on :
quote:Originally posted by B-Man: Well I hope you get there, I am stuck at the 3.20 range and that is my swing pos it just gets there and something draws it back down its madding I tell ya drives me nuts!!!!!!!!
-------------------------------------------- Ya might think about cost averaging down a bit..
But as you should know, one of the disiplines of swing trading is not to do that...It can be to damn dangerous...
But, this is GTE and it has a history of being "a rule breaker".
Posted by B-Man on :
True I have been in back when we where in the 20 cent range that is still my core investment, just need to see the test flight come thrugh or the 300 mil get this thing swinging again for me I hate being on the side line with all this movement!!!!!!
Posted by stockvaper on :
PHLX: The Philadelphia Stock Exchange to begin trading one new option on Tuesday, February 21 04:53 a.m. 02/20/2006 Provided by PHILADELPHIA, Feb 20, 2006 (M2 PRESSWIRE via COMTEX) -- The Philadelphia Stock Exchange (PHLX) announced today that it will begin trading one new option beginning Tuesday, February 21. The option was allocated to LaBranche Structured Products, LLC. GlobeTel Communications Corporation (option/stock symbol: GTE) will trade on the January expiration cycle with initial expiration months of March, April, July and October. Position and exercise limits have been set at 250,000 contracts. The Philadelphia Stock Exchange was founded in 1790. The PHLX trades 2,000 stocks, 2,026 equity options, 21 sectors index options and currency options and futures. For more information about the PHLX and its products, visit www.phlx.com . M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info*m2.com. (C)1994-2006 M2 COMMUNICATIONS LTD
Posted by B-Man on :
What do you think this will do for us in the scheme of things to come????
Posted by imakmony2005 on :
more movement when options expire
Posted by Pagan on :
Gapping up...
Posted by Edster on :
What's happenin to GTE this morning - down to 2.89 on fairly large volume?????
Posted by Peaser01 on :
Put my bid in at 2.65 today.
Support looks to be around 2.55.
Posted by jordanreed on :
take this for what its worth.. My friend (deepockets) just was told by his broker(tdwaterhouse)(today) that a lot of money was flowing into GTE again. This same scenerio happened last time just before the run. The russians are supposed to pony up their first payment of 300 million in about a week,if i recall. this could be the reason? Just some food for thought....
Posted by Peaser01 on :
I agree, I'm also looking for the dip before the run as well.
I may be nuts for waiting until next week, but I guess I'll have to.
Posted by ehya on :
Just bumped back up to 3.07
Posted by imakmony2005 on :
Hey come on guys see my post at the top of the page, sweet. lol
Posted by sharkone on :
Is this ever going to recover?
Posted by NaturalResources on :
quote:Originally posted by sharkone: Is this ever going to recover?
Look for this stock to do one of the following things in the next 2-3 days.
1) Soar to over $5.00+ on news of Russian deal completion.
2) Tank to $1.25 or lower on news of failed or further delayed Russian deal.
GLTA
NR.
Posted by Edster on :
quote:Originally posted by NaturalResources:
quote:Originally posted by sharkone: Is this ever going to recover?
Look for this stock to do one of the following things in the next 2-3 days.
1) Soar to over $5.00+ on news of Russian deal completion.
2) Tank to $1.25 or lower on news of failed or further delayed Russian deal.
GLTA
NR.
Your are right on. Did GTE ever come out with their quarterly financial report for the last quarter of 2005?
Posted by NaturalResources on :
quote:Originally posted by Edster:
quote:Originally posted by NaturalResources:
quote:Originally posted by sharkone: Is this ever going to recover?
Look for this stock to do one of the following things in the next 2-3 days.
1) Soar to over $5.00+ on news of Russian deal completion.
2) Tank to $1.25 or lower on news of failed or further delayed Russian deal.
GLTA
NR.
Your are right on. Did GTE ever come out with their quarterly financial report for the last quarter of 2005?
Not yet, we are still waiting on that as well. I don't even think they have given an ETA on it. Regardless, unless it shows the 300 million everyone is waiting for, this thing is going nowhere.
Posted by Edster on :
It won't look good if there is no news out today. If the 300 milion Russian payment was in the works you would have thought it would have been reported. The 30 day delay is closing out here. Kinda quiet as far as volume goes. May be the calm before the storm.
Posted by NaturalResources on :
Bottom is dropping out, no news yet that I can find.
Posted by DWS on :
Looks like it may just be getting down to my reentry point... unfortunetly anyone watching this knows this thing swings like crazy.. bad news and my reentry could be a loss....
Posted by NaturalResources on :
Lycos Finance shows two advertisments for insider sales at 8:45 and 9:50 for 100,000 shares each.
OUCH!!!! Looks like the news is gooing to be bad.
Posted by Peaser01 on :
My bid is in there at 2.56
Posted by Peaser01 on :
A black spinning top was formed on the chart yesterday.
My bid might just get filled tomorrow if the selling keeps up.
Posted by jordanreed on :
why all the pessimism? The money is flowing into this like crazy right now...GTE .. man.. what a stock! we still have 2,3 days for any news... relax..might be 4 days.. this stock ALWAYS does this, and every time it does, everyone freaks out!! chill Posted by Peaser01 on :
I am waiting for it. I currently own 1 share of GTE from two months ago.
I want it to come down, so I can buy back in.
The longer it is until news hits, the more it will more than likely come down.
I'm trying to get it on a bounce off of the support. Waiting patiently.
I'm not pessimistic, just realistic.
Posted by jordanreed on :
actually Pease.. i was speaking to others..not you..I'd like er to go down more as well, cuz i know it will rise..soooon
Posted by ehya on :
just a great buyin op....imo
Posted by Peaser01 on :
Sorry Jordan. I've been jumping all over the place today. And with Allstocks on the fritz, it hasn't been fun.
Posted by mlewis765 on :
ONE RUSSIAN DEAL and Direct TV
Direct TV (DTV) lost $1.9 Billion in 2004 on Revenues of $11.3 Billion
The DTV Market Capitalization = est. $22 Billion (2004)
ONE RUSSIAN DEAL The Future GlobeTel/Russian deal projects an estimated $2 billion annual revenue stream, with profits estimated over $850 Million.
GlobeTel would have revenues of 17.7 percent of what DTV made in 2004. 2 / 11.3 = 17.7%
GlobeTel would have an estimated yearly PROFIT of $850 Million, which is over THREE TIMES more profit from DTV in 2004!!!
If DTV was at $22 Billion market capitalization in 2004, after losing $1.9 Billion! How much would GlobeTel's market capitalization be if they're earning $850 Million profit?????
GTE's Current Market Capitalization = $256 Million Direct TV's 2004 Market Capitalization = $22 Billion $22 Billion X 17.7% = $997 Million Market Capitalization (MC)
$997 Million MC / 81 Million shares = $12.31 Per Share
When you add to the fact that GTE will be making a profit of over $800 million and DTV was losing $1.9 Billion, GTE's price would easily jump beyond $20 dollars just based on ONE RUSSIAN DEAL.
I expect even more lucrative ventures to other third world countries around the world, because GlobeTel won't have to share the profits in many other countries. I look for GlobeTel to build infrastructure in Mexico next year which eventually could generate $3 billion in revenue/$1.3 billion profit by 2009. A venture like Mexico could sky rocket the price beyond $100 dollars per share.
I also want to emphasize that these projections have nothing to do with the other areas of the company, or the STRATellite. When you add the rest of it up, GlobeTel could be the next Microsoft in the Telecommunications industry.
The entire world has shifted to globalization, and the only thing holding it back is communications. Once the technology is there, the winner will explode with profits.
Posted by sharkone on :
Anyone see the new press release...9:28 a.m.? Float tests for Sanswire 2! Could be the beginning of a new run?
GLTA, Shark
Posted by mlewis765 on :
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--March 1, 2006--GlobeTel Communications Corp. (AMEX:GTE - News) today announced that its Sanswire Networks LLC subsidiary has successfully floated the Sanswire II Technology Demonstrator Airship in Palmdale, California. This initial testing phase marks the first test of many currently planned for the program. This first phase will test the integrated subsystems within the Stratellite. ADVERTISEMENT
The Sanswire float test followed our streamlined test procedure in order to validate the envelope integrity with the Sanswire proprietary lifting system and carbon composite structure. The testing process is governed by test procedures through a strict Quality Management System, which ensures both the safety and success of this demonstration.
Bob Jones, President of Sanswire Networks LLC, commented: "This is an important step in the evolution of our test program and we're extremely pleased with this accomplishment. We not only met all our goals, but exceeded them. Our success is attributed to the integrity of our product and the diverse backgrounds of our team of experts. We're always committed to providing top performance and capabilities to our customers, and to get the job done safely and expeditiously. This milestone test was, by all measures, a complete success."
Timothy Huff, CEO of GlobeTel added: "The success of the test gives us a lead in the high altitude airship market. We continue to make significant strides in our airship test program, and knowing the quality and intelligence of the Sanswire team, I'm not at all surprised at this successful outcome. I look forward to the continued acceleration of our test program, and to launching our first commercial vehicle in the coming future."
Posted by sharkone on :
Boy, that was a small run...back to where it started..
Posted by Edster on :
Not only did it retrace quickly back to where it started, what are the chances it may even loose some more ground this afternoon. Just think where we would be if that PR hadn't come out.
Posted by DWS on :
Down near my entry target....
Posted by NaturalResources on :
quote:Originally posted by sharkone: Boy, that was a small run...back to where it started..
I'm telling you guys, little or no movement until a PR regarding the Russian deal... then BAMMMMMM!
I just hope when it does go, the movement is in an upward direction.
Posted by Edster on :
Given the discouraging price actions for GTE over the past week or so I suspect that there may be serious trouble with the $300 million dollar Russian deal. Yesterday's insider sell of 200,000 shares does not give me a warm and fuzzy on this one.
Posted by Pagan on :
quote:Originally posted by Edster: Given the discouraging price actions for GTE over the past week or so I suspect that there may be serious trouble with the $300 million dollar Russian deal. Yesterday's insider sell of 200,000 shares does not give me a warm and fuzzy on this one.
There were no insider sales yesterday, nor were there any in all of February for that matter. No Form 4's were filed which is an SEC requirement for an insider to buy or sell shares.
Posted by NaturalResources on :
Edster,
Just an FYI, the 2 blocks of 100,000 shares were a sell "interest message" and do not necessarily mean that 200,000 shares were sold by insiders.
Also FWIW, there was a buy "interest message" for 100,000 at 1:20 today.
Super messages - (dark blue for buy, dark red for sell) offer an explicit medium for broker/dealers to advertise their interest in trading a stock. In a Super message, broker/dealers specify the exact price and size, broker/dealers specify the exact price and size of stock they want to trade, as well as whether they are interested in buying or selling the security. For example, a super message may indicate that a broker is looking to add 100,000 shares of XYZ at $30." Because super messages specify a price and size, they offer a unique opportunity to gauge the interest of institutional investors. Due to the specific nature of these messages and the fast pace of changes in the marketplace, Supers have a short shelf-life and offer only a small glimpse of the total market for a security.
Interest messages - (light blue for buy, light red for sell) reflect broker/dealers' interest in buying or selling stocks. Interest messages are not binding, but merely offer an indication of broker/dealers actively seeking to trade a stock. Generally, the messages serve as means for the broker/dealers to say to institutional investors, "Give me a call, and we'll talk about a trade."
Posted by Edster on :
quote:Originally posted by NaturalResources: Edster,
Just an FYI, the 2 blocks of 100,000 shares were a sell "interest message" and do not necessarily mean that 200,000 shares were sold by insiders.
Also FWIW, there was a buy "interest message" for 100,000 at 1:20 today.
Super messages - (dark blue for buy, dark red for sell) offer an explicit medium for broker/dealers to advertise their interest in trading a stock. In a Super message, broker/dealers specify the exact price and size, broker/dealers specify the exact price and size of stock they want to trade, as well as whether they are interested in buying or selling the security. For example, a super message may indicate that a broker is looking to add 100,000 shares of XYZ at $30." Because super messages specify a price and size, they offer a unique opportunity to gauge the interest of institutional investors. Due to the specific nature of these messages and the fast pace of changes in the marketplace, Supers have a short shelf-life and offer only a small glimpse of the total market for a security.
Interest messages - (light blue for buy, light red for sell) reflect broker/dealers' interest in buying or selling stocks. Interest messages are not binding, but merely offer an indication of broker/dealers actively seeking to trade a stock. Generally, the messages serve as means for the broker/dealers to say to institutional investors, "Give me a call, and we'll talk about a trade."
Posted by NaturalResources on :
I wonder if there will be an EOD run due to any shorts that might chicken out at the last minute...
Posted by ladybird on :
Things look a little crazy for GTE.
Posted by jordanreed on :
quote:Originally posted by ladybird: Things look a little crazy for GTE.
splain,..please
Posted by Pagan on :
quote:Originally posted by jordanreed:
quote:Originally posted by ladybird: Things look a little crazy for GTE.
splain,..please
Probably talking about those 30K trades that went through in the 3.10-3.20 range at open.
Posted by ladybird on :
Well, right at 9:30 someone bought 10,000 shares for $3.15. Then it went up to 3.20. Then it seems a whole bunch of shorts seem to be trying to bring it down - selling at $2.89. Right now it looks like a standoff with bid 2.90 and ask 3.09
Posted by ladybird on :
Right, Pagan. Gosh you put is succinctly! LOL!
Posted by jordanreed on :
gotcha...opens are sometimes like that...
Posted by ehya on :
Just saw some real strong volume
Posted by ehya on :
100k
Posted by Opethian on :
stops were taken out and I guess someone took advantage of it... we need that news!!
Posted by Edster on :
When should we be hearing about the $300M Russian deal? Too quiet on that topic. In this case - no news is not good news.
Posted by jordanreed on :
i think the 30 days should be up friday or monday..not sure. But I'm loaded (or will be shortly) .. and ready to go!! Remember it was 30 days from the end of last month...that would make it the 3rd or 4th of march....
Posted by imakmony2005 on :
GlobeTel Communications Corp. Provides Update on Financing of Russian Wireless Joint Venture GlobeTel Communications Corp. (AMEX:GTE) announced that it has extended by 30 days the payment deadline for LLC Internafta to present its first payment so that lawyers and bankers for the parties may continue to work on structuring the payment to be in compliance with banking and currency transfer regulations in the United States and Europe.
GlobeTel CEO Timothy Huff stated: "This is a highly complex international transaction on which all sides continue to work together in good faith. There are numerous legal and regulatory issues that must be resolved and those steps require time and specialized expertise. GlobeTel is represented in Moscow by the law firm of Cleary Gottlieb Steen & Hamilton LLP."
Posted by mlewis765 on :
FORT LAUDERDALE, Fla., Mar 03, 2006 (BUSINESS WIRE) -- GlobeTel Communications Corp. (AMEX:GTE) today announced that it was notified today by LLC Internafta that the close of the transaction providing the funding for the installation of wireless networks in 30 cities throughout the Russian Federation, scheduled for March 2, 2006, has been delayed by the bank until next week due to internal bank scheduling. The transaction is being syndicated by several tier one European Banks.
Timothy Huff, CEO of GlobeTel stated, "Internafta has reassured GlobeTel that the transaction is in its final stages. This has been a suspenseful time for our shareholders, and for us, as we wait for the network to begin its deployment. Internafta and GlobeTel do not control the timing and events in this banking transaction."
LLC Internafta's Director General Maxim Chernizov added, "We are confident that all the issues will be resolved in the upcoming few days not weeks. We have been working together with the staff at GlobeTel Wireless for many months on this transaction and I feel that we are at the last few steps in a very complex banking process. We are committed to this transaction and still remain very excited about providing a state-of-the-art wireless network to the people of the Russian Federation."
Timothy Huff went on to say, "This transaction will not be allowed to be left hanging open with continuing delays. I believe it is in the best interest of GlobeTel to continue to work with Internafta as long as I believe that the transaction is moving forward and that both parties are working in good faith to finalize it."
The network will be operated by NuTel Wireless ("NuTel"), a Russian company 100% owned by a European Joint Venture company established by GlobeTel and Internafta. Each party will own 50% of the shares of the European JV company that owns NuTel.
Posted by mlewis765 on :
FORT LAUDERDALE, Fla., Mar 03, 2006 (BUSINESS WIRE) -- GlobeTel Communications Corp. (AMEX:GTE) today announced that it was notified today by LLC Internafta that the close of the transaction providing the funding for the installation of wireless networks in 30 cities throughout the Russian Federation, scheduled for March 2, 2006, has been delayed by the bank until next week due to internal bank scheduling. The transaction is being syndicated by several tier one European Banks.
Timothy Huff, CEO of GlobeTel stated, "Internafta has reassured GlobeTel that the transaction is in its final stages. This has been a suspenseful time for our shareholders, and for us, as we wait for the network to begin its deployment. Internafta and GlobeTel do not control the timing and events in this banking transaction."
LLC Internafta's Director General Maxim Chernizov added, "We are confident that all the issues will be resolved in the upcoming few days not weeks. We have been working together with the staff at GlobeTel Wireless for many months on this transaction and I feel that we are at the last few steps in a very complex banking process. We are committed to this transaction and still remain very excited about providing a state-of-the-art wireless network to the people of the Russian Federation."
Timothy Huff went on to say, "This transaction will not be allowed to be left hanging open with continuing delays. I believe it is in the best interest of GlobeTel to continue to work with Internafta as long as I believe that the transaction is moving forward and that both parties are working in good faith to finalize it."
The network will be operated by NuTel Wireless ("NuTel"), a Russian company 100% owned by a European Joint Venture company established by GlobeTel and Internafta. Each party will own 50% of the shares of the European JV company that owns NuTel.
Posted by imakmony2005 on :
nice were up 10% now.
Posted by ehya on :
Maybe to early to tell, but GTE looks to be hanging in there strong. Im impressed.
Posted by jordanreed on :
thats our beloved gte... i like the way they keep us informed and up to date... not a good pr but not a bad one either.. sounds like tim huff wont put up with any more delays after this...which is no fault of anyones..its a banking thing. so we're looking at next week for this deal either way.. IF the deal doesnt happen, gte is out nothing...they will continue to grow and search out other markets.. we still have the strat.. all this pr did was to confirm that things are moving forward,,,which i like..
jmho
Posted by Pagan on :
Looks like The Motley Fool might be changing sentiment....
At Inside Value, our analysis of a company begins with an understanding of its core business and competitive position. Like the companies Buffett buys, all but three of Inside Value's recommendations have dominant industry positions, making it extremely difficult for other companies to compete. While companies such as GlobeTel Communications (AMEX: GTE) that have huge growth potential in evolving markets are exciting, they come with significant execution risk. Most of the companies Inside Value looks for, on the other hand, are relentless growers -- companies that are almost certain to deliver years of solid growth.
Waiting Again On GlobeTel; May Be Worth It By Maxwell Murphy A Dow Jones Newswires Column March 03, 2006 14:12 ET NEW YORK (Dow Jones)--It´s not exactly everything GlobeTel Communications Corp. (GTE) shareholders had hoped for, and it´ll be a bit late in coming, but its $600 million Russian wireless venture may finally get off the ground next week.
Well, that´s assuming there isn´t a third delay in locking up the deal´s financing.
GlobeTel´s rapid rise, from an overlooked over-the-counter stock to an American Stock Exchange company valued at more than $300 million, has attracted a fair share of skeptics and short-sellers who believe the company is full of hype, not hope. It has also drawn a devoted following of thousands of shareholders - many of whom fancy themselves GlobeTel paladins, defending it whenever the vociferous critics inhabiting numerous Internet chat rooms impugn the company or its management.
"In The Money" has followed the GlobeTel story since January, sifting through the company´s history, management, directors, partners and promises in order to handicap whether its entirely plausible claims are fully factual or merely fantasy. With GlobeTel, like most things in life, until the money is in the bank, no deal is for real.
Perhaps we´re about to get that reality check. GlobeTel said Friday a consortium of banks will start doling out the money next week according to an as-yet-unspecified schedule. Perhaps if this delay didn´t follow a one-month push-back announced at the end of January - the day the GlobeTel venture originally was scheduled to get its first payment - investors would have no reason for the butterflies that almost certainly will occupy their collective stomach until the cash is in hand.
Confident CEO
When you speak with GlobeTel Chief Executive Tim Huff or any of his employees, you certainly don´t get the impression they´re worried about the security of this deal. Huff is so sure of himself and all five of his company´s businesses that he says GlobeTel will succeed with or without the Russian deal - not that he doubts for a second the Russian deal will go through.
Further, he has told Dow Jones Newswires, all of its businesses - like selling bundled international phone minutes, WiMax wireless networks and its development-stage Stratellite dirigibles for communications and military applications - will begin to show growth this quarter. He also says if GlobeTel isn´t called a success by the end of this year, he´ll no longer be with the company.
GlobeTel´s Russian partner, a newly minted collaboration of several mostly anonymous Russian investors called LLC Internafta, says with conviction that it´s confident in both its ability to deliver the $600 million to GlobeTel and GlobeTel´s ability to turn that money into a WiMax network for communications and Internet connectivity in Russia´s 30 largest cities over the next nine quarters.
In an interview with Dow Jones Newswires last month, Internafta´s lone named partner, Maxim Chernizov, who says he made his fortune in "rare earth metals," said Internafta would double its initial payment to GlobeTel to $300 million from $150 million, so sure it is of the success of the company´s joint venture. The remaining $300 million will be released to GlobeTel in stages according to network-rollout milestones, the companies have said.
To illustrate how large a deal this is for GlobeTel, its only current business, selling minutes to phone carriers, looks to do no more than $200 million a year in revenue and as of late last year remained unprofitable.
Huff didn´t rule out that further delays could jeopardize the deal, saying in Friday´s press release that things won´t "be allowed to be left hanging open with continuing delays," but it´s in GlobeTel´s best interest to continue working with Internafta so long as Huff believes the deal is "moving forward and that both parties are working in good faith to finalize it."
"Internafta has reassured GTE that the transaction is in its final stages," Huff added. "This has been a suspenseful time for our shareholders, and for us, as we wait for the network to begin its deployment. Internafta and GlobeTel do not control the timing and events in this banking transaction."
Investors With Credibility
Whether the promises measure up to what GlobeTel actually delivers remains to be seen, but some of the people it calls partners, employees and board members come with enough credibility to merit GlobeTel at least being given the benefit of the doubt - or enough rope to hang itself, for you cynics out there.
Though it probably ruffled a few feathers when he said last month he´d relinquish his recently appointed chairmanship in two weeks to become a regular independent director, former U.K. ambassador to the U.S., Sir Christopher Meyer, is just one of the names who have hitched their reputations to GlobeTel´s star. Architecture titan Lea A. Daly III, business whiz and former Central Intelligence Agency employee J. Randolph Dumas and a couple of other colleagues of Henry Kissinger join former astronaut Rick Searfoss and a handful of former employees of the National Aeronautics and Space Administration in support of the tiny Florida company.
According to John Leinwand, GlobeTel´s general counsel, the financing slated for next week will be a $300 million letter of credit, which the release said will be syndicated by several "tier one European banks." Leinwand said the financing took has taken this long because the banks had to get to know Huff and GlobeTel before releasing to the relatively unknown company funds as big as its market capitalization.
A letter of credit from the banks will be used instead of a direct payment to GlobeTel from Internafta for several reasons, Leinwand said. The banks want to assure that no one firm is taking on too great a financial risk and to ensure the funds will legally and appropriately be transferred from Internafta´s accounts to GlobeTel at a measured pace the banks can control.
Leinwand said he expects the banks´ names will be revealed after the financing commences, and a press release detailing the initial amounts and terms should follow announcement of the completion of the first stage next week.
He said he´s not sure about the status of a press conference GlobeTel had originally hoped to hold in Russia in February (assuming it had received the money in January), but he said the company still aims to begin rolling out the WiMax network in Moscow and St. Petersburg early next month.
GlobeTel stock was changing hands at $3.17 in recent Friday trading, up 32 cents, over 11%, on heavy volume. The stock nearly hit $4 after the Russian deal was announced at the end of last year and breached $5.50 last April, so there´s a decent chance those levels, at a minimum, would again be attainable if the Russian contract is a success.
On the other hand, of course, there can only be so many delays and unmet expectations before shareholders are forced to throw up their hands in disgust and head for a less risky investment.
(Maxwell Murphy is one of four "In the Money" columnists who take a sophisticated look at the value of companies, and their securities, and explore unique trading strategies.)
-By Maxwell Murphy, Dow Jones Newswires; 201-938-5173; maxwell.murphy*dowjones.com
(END) Dow Jones Newswires
March 03, 2006 14:12 ET (19:12 GMT)
Copyright (c) 2006 Dow Jones & Company, Inc.
Posted by ehya on :
Up nearly 13%, just the opposite of what I thought would happen
Posted by imakmony2005 on :
looking good huff.
Posted by Pagan on :
Up after hours as well. Good sign for a gap up on Monday. GLTA!!
Posted by Edster on :
quote:Originally posted by Pagan: Up after hours as well. Good sign for a gap up on Monday. GLTA!!
Hope for a big gap-up on Monday followed by a rising week specially if some of that Russian $$$$ starts coming n.
Posted by ehya on :
Up 20% in early morning, how sweet.
Posted by imakmony2005 on :
LOOKING GOOD HUFF.
Posted by Pagan on :
Some good action today on decent volume.
Posted by Edster on :
Good volume today - price is holding pretty strong here at EOD. Maybe some price action after hours.
Posted by Opethian on :
3.75 pre market, wow! this was trading at 2.80 last thursday!
Posted by B-Man on :
We need some good news to hold these new gains!!!!
Posted by jordanreed on :
hang on...soon,,any minute now..
Posted by Opethian on :
good news + huge volume + shorts covering = $$$$ :-D
Posted by B-Man on :
jordanreed Member
posted March 07, 2006 06:27 -------------------------------------------------------------------------------- hang on...soon,,any minute now..
-------------------- jordan
What do you think any chance of a news today????
Posted by jordanreed on :
will get news news anytime...and I expect it to be positive... they said the 1st payment would go thru within the next few days,not weeks,... I would not want to be stuck on the outside at this point.. a few cents either way is no big deal at these prices... the money flowing into gte yesterday was incredible...anticipation.(according to TDwaterhouse)... at this point, I trust, (as much as you can), Tim Huff... he has shown that he is a man with integrity,,,lets hope so... its dipping now, but of no concern in the big picture (3.43)...
Posted by Opethian on :
nice momentum! 3.57, news coming??
Posted by Pagan on :
Nice volitilty today on decent volume. Currently sitting at 3.62.
Posted by Opethian on :
what the hell was that 30 minutes ago, went straight from 3.20 to 3.70 Posted by ehya on :
Thats a heavy dose of volume all of sudden
Posted by jordanreed on :
lots of money flowing into this... anticipation of completed deal this week Posted by vwcruisn on :
someone must know something...
Posted by imakmony2005 on :
go huff go.
Posted by jordanreed on :
this is gettin exciting!! 20 more min..
Posted by Opethian on :
yawn come on Huff
Posted by jordanreed on :
as long as there is no news, I have another buy in at 3.15...would like to get more cheap shares Posted by ehya on :
Wish I had more available funds!
Posted by Edster on :
Still sitting on 1500 shares. Would like to a couple thousand more if the pps drops to the low 3.00-3.10 range.
Posted by B-Man on :
What happened to the news,? See what happens next week.Did get a nice swing but would of liked to see 4.00$ plus Posted by rkh2005 on :
Everyone be patient. First, GlobeTel has NO control over how long the transactions take to complete. According to a man on the GTE Yahoo Message Board, a normal transaction will take 6-8 business days, which means that sometime between next Monday and next Wednesday the transaction may finally be finished.
Second, Huff NEVER promised a PR within the week. He ONLY promised that the transactions would be starting. Therefore, he was under no obligation to release anything.
Simply put, everyone thought that, because the transactions would be happening this past week, a PR would be released this past week. Not that simple. Either next week or the week after, a PR is guaranteed and we will be glad we held.
Posted by jordanreed on :
simply put?....exactly!!
Posted by Pagan on :
This should prove to be quite the volatile week coming up. There should be some excellent swing opps available. GLTA!
Posted by Peaser01 on :
That's for sure Pagan, especially if no news comes out on the Russian deal.
Posted by B-Man on :
Thanks for the input, just thought I would ask And the swings are great!!!!!!!
Posted by Pagan on :
GlobeTel Communications Updates Status of Joint Venture with LLC Internafta Last Update: 11:17 AM ET Mar 13, 2006
FORT LAUDERDALE, Fla., Mar 13, 2006 (BUSINESS WIRE) 10:59am 03/13/2006
GTE today provided a brief update on the status of the Russian network negotiations. CEO Timothy Huff stated, "On March 2, we advised our shareholders that Internafta requested an additional delay in the closing of the funding until the week of March 6. Since then, GlobeTel has provided Internafta and its banks with a significantly expanded business plan outlining in detail the company's program for equipment manufacturing, delivery, installation, testing, monitoring, staffing, progress payment requirements, and other pertinent information. Internafta advised us that its funding has been approved by its bank syndicate, subject only to the bank's final review and analysis of this GTE business plan. "Although the contract signed between GlobeTel and Internafta did not specify such a financing of Internafta's funding obligation, and while GlobeTel did not anticipate that such a financing by Internafta would emerge as it has, we have agreed to a continuance of the contract with Internafta until the end of this week, pending a final decision by Internafta's bank regarding a funding commitment secured by Internafta's assets. "Should such a funding commitment not be forthcoming by the end of this week, or unless the banking syndicate provides written assurances to GlobeTel of the imminent delivery of such commitment, GlobeTel will have no choice but to exercise its right to default the contract for non-payment. This outcome would be unfortunate given the time and effort that our entire staff has dedicated to this transaction. However, we're committed to more than twenty other GlobeTel Wireless network projects requiring our time and attention. Further delays in the closing of the Internafta transaction would only serve to distract our team from these immediate opportunities." About GlobeTel Communications Corp. GlobeTel Communications Corp. develops and provides an integrated suite of telecommunications products and services, leveraging its advances in Stored Value, VOIP and Wireless Access technologies. Individually, each of GlobeTel's five business units function as distinct, strong stand-alone entities: Together they form a powerful alliance of human talent and technological innovation resulting in the SuperHub(TM) worldwide VOIP network, Sanswire Stratellite(TM) platform and products enabling simpler, cheaper transmission of voice, data and money. GlobeTel has historically focused its business development on markets outside of the United States. Current and pending operations exist in Asia, Europe, South America, Mexico and the Caribbean.
Posted by Pagan on :
I'm adding swing here...currently 2.35-2.40 range. GLTA!!
Posted by Dustoff101 on :
In at $2.46
Posted by Pagan on :
I hope Peasor and George were able to get in this time. Btw..whatever happened to George? I rarely see him post anymore.
Posted by Dustoff101 on :
Dunno, maybe their off chasing Pinks or sumpin...
This is why a person should never go "all in" and not have a cash stash..Maybe the peas, will learn this time..LOL
Bought 2500 shrs this time for myself..
Posted by Danny12345 on :
damn deposited the money on friday.. just got the money... bought it at 2.69.... GL...
Posted by Dustoff101 on :
Well, made a fast $925.00 out at $2.83
Less than a half hr in! I is Happy!!
This cash machine just never stops giving!
Posted by B-Man on :
Nice swing opt In At 2.66-2.75 Hope for a good week
Posted by BuyTex on :
quote:Originally posted by Dustoff101: Well, made a fast $925.00 out at $2.83
Less than a half hr in! I is Happy!!
This cash machine just never stops giving!
nice play...
Posted by B-Man on :
However, we're committed to more than twenty other GlobeTel Wireless network projects requiring our time and attention. Further delays in the closing of the Internafta transaction would only serve to distract our team from these immediate opportunities."This is still very encouraging news, Long term this is a really good opportunity to grab some cheap shares.
Posted by George on :
quote:Originally posted by Pagan: I hope Peasor and George were able to get in this time. Btw..whatever happened to George? I rarely see him post anymore.
Hey, guys I am still around..I still have my buy order in at $1.70. I do not have enough time latly to swing it anymore. I missed this morning because I was at a meeting...it sucks to have a real job...Glad to see some of you still playing and making it...By the way I feel like this Russian deal will not happen and that is why they are greasing the skids....
Posted by Peaser01 on :
I agree Geo. The Motley Fool may not be as cracked up as everyone originally thought.
You may just get filled in the next day or so.
This needs to break out of the down trend.
I ain't buyin' until the actual PR comes out on a deal, otherwise this will not fair so well IMO.
Posted by George on :
Look at that...me and Peaser are both still around.
Posted by Peaser01 on :
quote:Originally posted by Dustoff101: Dunno, maybe their off chasing Pinks or sumpin...
This is why a person should never go "all in" and not have a cash stash..Maybe the peas, will learn this time..LOL
Bought 2500 shrs this time for myself..
LOL, I'm out completely on XKEM for the time being. Came out last week with the majority. The rest came out today. Put some cash into IWNN right now.
Nice play on this today by the way. I watched this tank and only had a few hundred available, so I missed the quick trade, and yes I regret it. Are ya happy? Posted by Peaser01 on :
quote:Originally posted by George: Look at that...me and Peaser are both still around.
Bite me Geo. Posted by Peaser01 on :
quote:Originally posted by Dustoff101: Dunno, maybe their off chasing Pinks or sumpin...
This is why a person should never go "all in" and not have a cash stash..Maybe the peas, will learn this time..LOL
Bought 2500 shrs this time for myself..
Naw, I bought the same pink you did. Only I got it all at .066!
Posted by Edster on :
Guess we will just have to wait and see where this thing goes tomorrow. It looks like the Russian deal is going to be a flop. Makes you wonder what was really behind this deal. You got to admit - the Motley Fool really called this one right. Made a little profit on the swings but it looks like the down side on this one is much, much more likley over the next week or so.
Posted by abram on :
GlobeTel Still on Hold By Seth Jayson March 13, 2006
Unfortunately, today has been a tough day for those investors who believe in GlobeTel (AMEX: GTE). Another missed deadline, another excuse from the penny-stock superstar that promised us WiMax blimps but which is now having trouble delivering the millions of Russian funds it said it would have in hand by now. The market's patience appears to have worn off, and today, the shares have dropped by as much as 30%.
If you're new to the story: GlobeTel recently outlined a deal that would launch it to the head of the pack in Russian wireless Internet and telephony via a partnership with a newly minted Russian company fronted by a man who says he made his fortune in "rare earth minerals." In the abstract, the story you need to believe is that GlobeTel's HotZone "radios" (as CEO Tim Huff described them to me) and technology are superior to what's offered by established Internet and communications companies such as Cisco (Nasdaq: CSCO), Nokia (NYSE: NOK), and Motorola (NYSE: MOT) -- not to mention Russian providers like Vimpelcom (NYSE: VIP) and Mobile Telesystems (NYSE: MBT)
In January, Huff laid out an ambitious timetable, but the company has missed the money mark three times so far. The latest excuse was that the money was pending a bank syndicate's "analysis of this GTE business plan." Before that, it was "internal bank scheduling," which didn't seem to square with the last excuse before that, which was regulatory issues.
I wish I could say this surprised me, but the more I look into this firm, the more nothing shocks me. Months ago, The New York Post's Chris Byron reported on GlobeTel's cozy relationship with a NASD-punished consultant and stock promoter, Paul Taboada. And we saw how GlobeTel promised big things for what turned out to be a near-worthless Australian telecom that was the focus of a massive fraud.
And there's a lot more to wonder about, like some pretty heavy selling over the past year by insiders and large shareholders. Most recently, the COO filed a planned sale of more than 500,000 shares.
Does that sound like the kind of thing you'd do if you knew the company was on the verge of a giant, year-in-the-making Russian WiMax deal? A Russian WiMax deal plus a blimp breakthrough? It sure doesn't to me.
In the meantime, the recent press release doesn't exactly inspire confidence. The closing paragraphs begins, "Should such a funding commitment not be forthcoming by the end of this week, or unless the banking syndicate provides written assurances to GlobeTel of the imminent delivery of such commitment, GlobeTel will have no choice but to exercise its right to default the contract for non-payment."
Looks like we've got a few more days to find out how this all plays out
Posted by candlestick on :
Those who purchased today hang on!! Where going for a ride at the open tommorow!
Posted by B-Man on :
Pagan what is your take on all of this,????????
Posted by Pagan on :
quote:Originally posted by B-Man: Pagan what is your take on all of this,????????
Well as I posted earlier today, I picked up a new swing spread across 2.35-2.40. Sold half the swing near 2.80. Good chance we will see an early gap in the A.M., albeit may be brief without any supporting PR. I think a huge amount of stop losses were picked up today, accounts for some of the volume. seems we have some support in the 2.50 range, but I'll definitely be eyes on for any quick drops to reload that swing position.
I think today's drop took the bite out of the downside if the Russian deal fails to get funded. Those who were gonna bail, bailed. I think the 4Q numbers are gonna be a bit of surprise for the good, and I am of the opinion they will release the numbers early to stabilize/lift SP IMO. Watch for dips. GLTA!!
Note: Came across a couple of Mexican telecom/isp company websites over the weekend that are using Globetel Communications equipment and carrier services. Not peviously PR'ed to my knowledge.
Posted by B-Man on :
THANK YOU!
Posted by imakmony2005 on :
well this should be good.
Posted by Pagan on :
GLOBETEL WIRELESS APPOINTS FLOYD BRADLEY MANAGING DIRECTOR
FT. LAUDERDALE, FL — MARCH 14, 2006 — GlobeTel Communications Corp. (AMEX: GTE) announced today the appointment of Floyd Bradley as Managing Director of its GlobeTel Wireless subsidiary. Bradley will be initially based in Florida at the national headquarters of GlobeTel Wireless.
Prior to joining GlobeTel Wireless, Bradley had a distinguished career in a number of senior positions in several technology and software-related companies. Apart from his recent successful venture as the founder of a media company based in London, he spent ten years as a board member and Executive Vice President of SDL, the world’s largest translation software company and Europe’s largest product, website and content localization firm. Before co-founding SDL, Bradley was Senior Vice President - International for Ashton-Tate and Managing Director - UK for Lotus Development Corp. With a magna cum laude degree from Yale University and an MBA from Harvard Business School, Bradley began his career at The Boston Consulting Group, originally in Boston and then in London. He was later recruited by Bain & Co. to start up its European operations and was the lead manager for the consulting firm’s first European client.
“Floyd Bradley has been a highly regarded, well-recognized and influential name in the international technology business for nearly three decades. His experience at building relationships and managing cross-border operations, particularly in complex technology-based enterprises, speaks for itself. We at GlobeTel consider it a great privilege to have Floyd on our team,” stated Timothy Huff, CEO.
Bradley added, "I am very much looking forward to working with the highly entrepreneurial GlobeTel management team in order to capitalize on the huge commercial opportunities that exist world-wide – particularly given the company’s clear technological lead in the combined indoor and outdoor Wi-Fi, WiMAX, DECT, IPTV and stratospheric airship marketplaces.”
Posted by imakmony2005 on :
WELL UP A BIT, WHAT WILL THE RUSSIANS DO? HOPE THEY PAYUP.
Posted by Edster on :
quote:Originally posted by imakmony2005: WELL UP A BIT, WHAT WILL THE RUSSIANS DO? HOPE THEY PAYUP.
The "UP A BIT" part didn't hold very long after your posting. Looks like we are headed down some more today. I think the Russian deal is DOA. If so, I think the the stock will probably drop some more down to the 2.25-2.30 range.
Posted by imakmony2005 on :
Got buys set all the way down to 2.00.
Posted by vwcruisn on :
tomorrow will be interesting!
Posted by George on :
quote:Originally posted by imakmony2005: Got buys set all the way down to 2.00.
Mine are still set at $1.70 and I might go lower based on what happens tomorrow.
Posted by Edster on :
what caused the drop before the close today - and more news out????
Posted by B-Man on :
Well are we headed for the 1.30 range again!! GTE can drive ya nuts.
Posted by Danny12345 on :
Let's hope not...Hope the russians pay up today ..
Posted by roachkiller1 on :
are you still in gte right now danny. if so what did you buy it at?
Posted by Danny12345 on :
stupid me bought it in at 2.7 with a big load...
Posted by B-Man on :
Iam with ya Danny, love to see our GTE take off. Have swings pos all over the place, just need a little luck, and a lot of contract's signed.
Posted by roachkiller1 on :
me too. i hopeing for some good news today. if not im out and taking a pretty good loss.
Posted by B-Man on :
Danny12345 Member
Member Rated: posted March 17, 2006 06:01 -------------------------------------------------------------------------------- stupid me bought it in at 2.7 with a big load...
-------------------- Learning The Way Of Life.... Don't feel bad I am in again at 2.75 and some cash on the side lines to invest eather way.
Posted by Danny12345 on :
I really dont know what to do... should I sell it now and rebuy at low? Or should I hold?? Anyone know Jelly's msn screen name? I need some input please?? THanks
Posted by B-Man on :
I sold half of my swing pos of the 2.75 took a loss and have a buy trigger if it takes off if it drops will look for the bottom and catch it on the way back up
Posted by bdgee on :
quote:Originally posted by Danny12345: I really dont know what to do... should I sell it now and rebuy at low? Or should I hold?? Anyone know Jelly's msn screen name? I need some input please?? THanks
Maybe if we cry.......
Posted by Danny12345 on :
lol.. I'll just hold Posted by George on :
Looking good by going green already...might be good news today....our people are specing it...
Posted by Danny12345 on :
yeah wow...
Posted by imakmony2005 on :
YEP, Hope its good news.
Posted by B-Man on :
What is going on it is going nuts??????
Posted by Danny12345 on :
i sold mine to cut down my losses... I'll wait for the news to come out to get back in.. Kinda risky..
Posted by roachkiller1 on :
me too. took a tiny loss. happy now.
Posted by Edster on :
Probably what we are seeing is a bounce from yesterday's losses. Do not know of any news that would cause this stock to go much higher than it is now. I still think that once the Russian deal dies and is voided by GTE then we will be in for a big drop in price. This could easily close way below 2.00 early next week.
Posted by Pagan on :
Halted....pending news
Posted by imakmony2005 on :
Whats your take Pagan?
Posted by Opethian on :
this is scary....
lol
Posted by roachkiller1 on :
either im very lucky or unlucky because i just got out a 2.56. i hope im lucky.
Posted by Pagan on :
quote:Originally posted by imakmony2005: Whats your take Pagan?
Uncertain. The last time they halted trading was to announce the Russia deal back in Decemeber.
Posted by Danny12345 on :
damn at least u got out at 2.56... I got out at 2.5 :*
Posted by roachkiller1 on :
how long was the holt back in december?
Posted by George on :
It could go either way....good luck to those holding.....I do think that the buying this morning is a good indicator...people know and they were trying to get some before the halt. If people were buying for a bounce from yesterday would be stupid...because this thing is either going up or down today based on the news...
Posted by Pagan on :
quote:Originally posted by roachkiller1: how long was the holt back in december?
Approx 30 mins
Posted by George on :
This could go right back to 4.50 is the deal is done or to 1.50 if it is not.
Posted by George on :
quote:Originally posted by Pagan:
quote:Originally posted by roachkiller1: how long was the holt back in december?
Approx 30 mins
It will only halt till they release the news....they got scared because it started selling off.
Posted by bdgee on :
I'm beting on a dead deal.....
Posted by George on :
FYI
Trading Halts and Delays Securities exchanges, such as the New York Stock Exchange (NYSE) and American Stock Exchange (Amex), as well as the Nasdaq Stock Market, have the authority to halt and delay trading in a security. A trading halt—which typically lasts less than an hour but can be longer—is called during the trading day to allow a company to announce important news or where there is a significant order imbalance between buyers and sellers in a security. A trading delay (or "delayed opening") is called if either of these situations occurs at the beginning of the trading day.
There are two types of trading halts and delays—regulatory and nonregulatory. The most common regulatory halt and delay happen when a company has pending news that may affect the security’s price (a "news pending" halt or delay). By halting or delaying trading, market participants can have time to assess the impact of the news. Another type of regulatory halt happens when a market halts trading in a security when there is uncertainty over whether the security continues to meet the market’s listing standards. When a regulatory halt or delay is imposed by a security’s primary market, the other U.S. markets that also trade the security honor this halt.
Nonregulatory halts or delays occur on exchanges, such as the NYSE and Amex (but not on Nasdaq), when there is a significant imbalance in the pending buy and sell orders in a security. When an imbalance occurs, trading is stopped to alert market participants to the situation and to allow the exchange specialists to disseminate information to investors concerning a price range where trading may begin again on this exchange. A nonregulatory trading halt or delay on one exchange does not preclude other markets from trading this security.
You can find out what stocks have had their trading halted on the NYSE, Amex, and the Nasdaq Stock Market, as well as on the OTC Bulletin Board.
The SEC does not halt or delay trading in a security for news pending or order imbalances, but it can suspend trading for up to ten days and, if appropriate, take action to revoke a security’s registration. For more information about the SEC’s authority to suspend trading in a security, please read "Trading Suspension! When the SEC Suspends Trading in a Stock" in our Fast Answers databank.
That was a good question. Does anyone have an approx. estimate of how long trading was halted the first time?
Posted by George on :
Trading Halts as of Friday, March 17, 2006
3/17/2006 10:56:26 GTE GLOBETEL COMMS CORP C T1 3/17/2006 09:32:15 RGF R C T3 3/17/2006 10:21:05 10:21:05 3/15/2006 07:55:31 SRLSE SeraCare Life Sciences, Inc. N T12 2/15/2006 15:30:37 CESV China Energy Savings Technolog N T12 1/4/2006 10:29:46 DKV MS SATURNS HERTZ C T2 12/22/2005 09:26:14 RCF RICA FOODS INC C T1
***T.1 Halt - News Pending Trading is halted pending the release of material news.
Watch for GTE to change to a T2 indicating that news is released....
Posted by George on :
quote:Originally posted by roachkiller1: me too.
I guess so since you sold Posted by BuyTex on :
halts are nothing like an SEC suspension; much more routine...
Posted by bdgee on :
Hey, Tex, is it true you can function as a computer guru?
Posted by George on :
If it is bad news they might wait until after the market closes to release it. So the longer it takes the worse it is I am guessing...
Posted by roachkiller1 on :
just checked the status of the stocks that were recently haulted and most of them are still haulted or had little effect due to the hault.
Posted by roachkiller1 on :
im thinkin this hault is gonna be in effect to the end of day. then relase the news. any thoughts?
Posted by stockaholic on :
Is there something in particular you watched to find out that it was halted...website?? RSS feed?
Posted by Opethian on :
T.1 Halt - News Pending Trading is halted pending the release of material news.
Posted by Edster on :
I have never heard of a stock being halted because of emerging good news. My guess is that GTE has voided the Russian deal. This stock is gooing off a cliff - wish i would have sold out earlier.
Posted by jps on :
Maybe. We shall see. There were alot of buys. But then, maybe they were shorts...
I'm still in. Even if it plummets, it'll go back up. They've got alot more to offer than a Russian deal.
Posted by charger on :
The talk on raging bull is that the news will be good... could be since hod was 2.70
Posted by stockaholic on :
Thanks guys!
Posted by vwcruisn on :
this is nerve racking!
Posted by Danny12345 on :
My uncle's bitting his nails right now and kept on calling me about the status lol.
Posted by George on :
not looking good...most times if it is good or neutral news the PR is out within a hours or so. Like I said the main reason they would hold it past market close is if it is bad...This give people the weekend to soak it all up and not just bail out on the news. It may not be bad over all but just the PR could cause a panic because people over react too fast.
quote "A trading halt—which typically lasts less than an hour but can be longer—is called during the trading day to allow a company to announce important news "
Posted by imakmony2005 on :
Hope HUFF got the cash.
Posted by stockvaper on :
It could be good or bad news...trading is supposed to be stopped if the news is judged 'material' in nature. --------------------------------------
What is Material Information?
Trading while in the possession of inside information is not a basis for liability unless the information is "material." Information is generally defined as material if there is a substantial likelihood that a reasonable investor would consider such information important in making his or her investment decisions, or information that is reasonably certain to affect the price of a company’s securities. It is important to remember that materiality will always be judged with the benefit of hindsight.
Posted by Pagan on :
I'm thinking it is more likely positive news. Looks like the early morning action is a good indicator that there was a leak, especially with a 157k share premarket buy, and almost 2MM shares traded early. The Russian deal was already written off by many traders, and the recent $1 or so selloff would confirm that thinking.
Since it is a material event news release, I'd be more inclined to think of it as more likely positive. I don't consider a default in a as yet funded contract to be worthy of an actual halt. Just my opinion. GLTA!!
Posted by R1Man on :
I would be NERVOUS if I was holding this right now.
GOOD LUCK ALL!
Posted by stockvaper on :
I'm thinking possibly good news too...GTE has already released 2 PRs stating the Russian deal was 'stalling' or possibly 'off'...that was already factored into the PPS for the most part; trading wasn't stopped for that. If they did not have the Russian money, it made no change to their revenue stream, and therefore no 'material' news. IMO news is coming that is a 'material' change to revenues....
Posted by George on :
quote:Originally posted by stockvaper: It could be good or bad news...trading is supposed to be stopped if the news is judged 'material' in nature. --------------------------------------
What is Material Information?
Trading while in the possession of inside information is not a basis for liability unless the information is "material." Information is generally defined as material if there is a substantial likelihood that a reasonable investor would consider such information important in making his or her investment decisions, or information that is reasonably certain to affect the price of a company’s securities. It is important to remember that materiality will always be judged with the benefit of hindsight.
This has nothing to do with "MATERIAL Information". It is a trading halt for pending news. A person can hold material information and use it to make a decision...has nothing to do with a halt for news...
Posted by imakmony2005 on :
Cant wait for them to let the cat out of the bag.
Posted by George on :
If what you are trying to imply were true then stocks would be halted all the time for all Material Information.....
Posted by BchOus on :
Does anyone know if they are trading on the German exchange and if so, any way to get news on that? I saw premarket up at 2.70 and was excited then. Perhaps Huff's US Bank wants to make sure the funds are transfered from Russia Bank? If I were in his position, I would halt trading...$600M is nothing to sneeze at...
Posted by stockvaper on :
It was a "T1" halt.... The definition is below:
T.1 Halt - News Pending Trading is halted pending the release of material news.
Posted by George on :
FORT LAUDERDALE, Fla., Mar 17, 2006 (BUSINESS WIRE) -- GlobeTel Communications Corp. (AMEX:GTE) today announced that based upon differences between the Company and Internafta on the financing process, the parties have agreed to revise their agreement to more accurately reflect the timing of payments GlobeTel expects to receive for the build out of the 30 city wireless network in Russia and allow Internafta additional time to begin making payments.
Internafta has informed GlobeTel that its bank recommends that smaller, more frequent, progress payments be established so that the necessary staged payments can be delivered to GlobeTel as and when the network is delivered and installed. These smaller, more frequent, staged payments do not reduce the total capital value of the agreement with GlobeTel Wireless or change any other terms of the agreement. GlobeTel will still receive $600 million for deployment of the network. The exact amount of the new proposed initial deposit, and the size and timing of the new proposed progress payments, will be discussed and agreed with GlobeTel once the bank has completed its due diligence and when the bank group formally accepts the terms of Internafta's proposed banking instrument.
The December 2005 contract called for four equal payments of US$150 million each, of which the first payment, representing an initial deposit, was to be received by GlobeTel in January 2006. On January 23, 2006, Internafta presented to GlobeTel a document represented to be a Standby Letter of Credit drawn on Banco do Brasil S.A. (Rio de Janeiro) in the amount of $300 million. This Standby Letter of Credit was provided to facilitate the first phase of the network construction. The banking instrument had a maturity date of two years and needed to be confirmed and accepted by a correspondent bank before GlobeTel could receive any funds from the instrument. The terms and conditions of what constituted an acceptable and functional banking instrument as it related to the December 2005 contract became a matter of interpretation between the parties. After extensive negotiations, Internafta agreed to take sole responsibility for facilitating the financing of their banking instrument in order to be able to present readily-available funds to GlobeTel.
Timothy Huff, CEO of GlobeTel stated, "We are in constant communication with Internafta and believe that so long as we feel they are continuing to work in good faith and so long as substantive progress is being made on the transaction, it is in the best interests of GlobeTel and its shareholders to allow the process to continue to its ultimate conclusion. This is a very large transaction that requires solutions to many commercial issues, the implementation of tailored banking facilities, and the conformance to many international treaties, regulatory requirements and legal matters. The parties continue to work in good faith and remain committed to building a state-of-the-art wireless network in Russia. We feel that the process must be given every reasonable opportunity to succeed given the commercial stakes involved."
GlobeTel is in regular contact with Internafta, both in person and via a series of telephone conference calls, concerning the progress of the transaction. Floyd Bradley, Managing Director of GlobeTel Wireless, met with Maxim Chernizov, the Director General of Internafta, on March 13th and again on March 15th in Germany in order to represent GlobeTel's interests in the ongoing banking process.
During those discussions, Internafta informed GlobeTel that its banking instrument is being syndicated by a consortium of banks and that the lead institution is a major European bank, instead of the bank that GlobeTel had started the process with. Internafta has stated that the banks have successfully completed their due diligence regarding the underlying assets of Internafta's shareholders that collateralize the banking instrument. The remaining financing procedures are now under the control of the lead bank, and GlobeTel has been told by Internafta that all financial institutions involved in the syndication process are attempting to facilitate the transaction on a "time-is-of-the-essence" basis.
However, Internafta has also informed GlobeTel that the lead bank requires additional time in order to secure an external expert opinion to verify both the feasibility of, and GlobeTel's ability to implement, the business plan for the Russian network. GlobeTel has been told that the bank and its external expert advisors are currently evaluating the business plan that was developed by GlobeTel as part of the commercial justification of the planned Russian network. This expanded version of the business plan was recently delivered to Internafta as required by the lead bank's project financing and due diligence process.
MORE of the same..no money now maybe later....another round about way to say it is delayed..they just want everyone to soak it up before make a rash desision.
Posted by vwcruisn on :
great news! i thought it was going to be a dead deal. happy st. pattys day all
Posted by Peaser01 on :
Hmm. Get ready for this to tank after this halt is over.
Posted by George on :
quote:Originally posted by Peaser01: Hmm. Get ready for this to tank after this halt is over.
I agree..it is not great news..its is more delays and round about talking....
Posted by George on :
"Internafta has also informed GlobeTel that the lead bank requires additional time in order to secure an external expert opinion to verify both the feasibility of, and GlobeTel's ability to implement"
Translate....let me find a way out of this....
Posted by George on :
I might get my 1.70 after all....then wait for the strat....
Posted by imakmony2005 on :
I CAN LIVE WITH IT SELL OFF IM BUYING.
Posted by George on :
I think they will lift the halt after the close today...give everyone time to relax and take it all in...so as to not sell in a panic.. it could still be good for longs but not for shorts...that way it might stop a panic sell off...
Posted by jordanreed on :
quote:Originally posted by George: "Internafta has also informed GlobeTel that the lead bank requires additional time in order to secure an external expert opinion to verify both the feasibility of, and GlobeTel's ability to implement"
Translate....let me find a way out of this....
i totally disagree
Posted by George on :
quote:Originally posted by jordanreed:
quote:Originally posted by George: "Internafta has also informed GlobeTel that the lead bank requires additional time in order to secure an external expert opinion to verify both the feasibility of, and GlobeTel's ability to implement"
Translate....let me find a way out of this....
i totally disagree
You never know....If they were secure in what GTE could do they would not keep digging to findout they can not deliver...if you dig deep enough you can always find something you do not like...
It is kind of like "I am not so sure of myself now" Let me look some more...
This statement means flatout they just are not sure at this point that GTE can deliver...
Posted by vwcruisn on :
i think this shows the deal is on.. just changing terms, smaller payments.. still 600 mil. Theres too much at stake for both parties to just let this deal fail.
Posted by Danny12345 on :
2.6x2.75?
Posted by George on :
Here we go...opened up...that is a good sign...
Posted by George on :
It is crazy...people do not know what to do with this news....is it good or is it bad?????
I guess it depends if you are long or short or shorting it....lot's of confusion...To me it is just another delay with no solid outcome at this point..should trade just like it was before the news...nothing has changed except it is delayed and payment stucture, if it goes through, is diffrent....
Posted by jordanreed on :
good news...the deal is still on!!smaller payments according to the work achieved...makes sense to me...in contant talks..no dead line...i dont see where any of this is bad..
Posted by vwcruisn on :
i agree george about people not knowing.. i am even a bit confused myself... and why the long hault for this? going thru some of the message boards it really is about 50/50 as to whether its good or bad news.
Posted by George on :
quote:Originally posted by jordanreed: good news...the deal is still on!!smaller payments according to the work achieved...makes sense to me...in contant talks..no dead line...i dont see where any of this is bad..
That is just it...the deal is still on as far as it was, but the problem is is it really going to happen? And it is just that...is it bad or is it good....depends on how you are looking at it...that is why they halted... put some doubt and thought through everyone...To me it is just another delay at this point....I hope so....but I would like to get back in at 1.70 also
Posted by vwcruisn on :
im showing a HOD of $3?
Posted by stockvaper on :
George, for future reference, you might want to read up on the Insider Trading & Securities Fraud Enforcement Act of 1988 (ITSFEA)...that is why some CEO's use a "T1" halt to trading... -------------------------------------------- In part: Notice of Insider Trading
The undersigned states and attests as follows:
I understand that should I acquire material* non-public corporate or market information whose dissemination would reasonably be expected to impact the value of related securities , it would be a violation of exchange Rules and Federal Securities Laws for me to capitalize on that information by trading in those related securities while such information remains material and non-public.
*Materiality:
For purposes of securities fraud, information is material if there is a substantial likelihood that, under all the circumstances, the information would have assumed actual significance in the deliberations of the reasonable shareholder. Omitted information is material if there is a substantial likelihood that the disclosure of the omitted fact would have been viewed by the reasonable investor as having significantly altered the total mix of information made available.
Posted by ladybird on :
Gee, I don't take such a dour view of the proceedings. After reading this, I certainly know quite a bit more about the whole financing process than I did before. What they want to do in Russia is no small feat.
I'll be keeping my shares.
Posted by vwcruisn on :
wow the SP is jumping all over the place
Posted by George on :
quote:Originally posted by stockvaper: George, for future reference, you might want to read up on the Insider Trading & Securities Fraud Enforcement Act of 1988 (ITSFEA)...that is why some CEO's use a "T1" halt to trading... -------------------------------------------- In part: Notice of Insider Trading
The undersigned states and attests as follows:
I understand that should I acquire material* non-public corporate or market information whose dissemination would reasonably be expected to impact the value of related securities , it would be a violation of exchange Rules and Federal Securities Laws for me to capitalize on that information by trading in those related securities while such information remains material and non-public.
*Materiality:
For purposes of securities fraud, information is material if there is a substantial likelihood that, under all the circumstances, the information would have assumed actual significance in the deliberations of the reasonable shareholder. Omitted information is material if there is a substantial likelihood that the disclosure of the omitted fact would have been viewed by the reasonable investor as having significantly altered the total mix of information made available.
I understand all that...the insider can hold material information...it does not mean they have to halt trading because they do...material information just means an insider knows something that WILL affect a PPS and they can not use it to their advantage...they have material information...it does not mean just because they know it they have to halt trading and do a PR...they would be doing this every day...They just can not use material information for their own gains... They do not have to halt trading because they are going to release material information...companies release material information everyday in PRs...I know they say a T1 is for material news....because you would not halt news on something that is not going to affect the PPS...but this is diffrent from an insider holding material news....either way we have beat it up enough....Good luck and lets see where she settles....
[ March 17, 2006, 15:36: Message edited by: George ]
Posted by jordanreed on :
Timothy Huff, CEO of GlobeTel stated, "We are in constant communication with Internafta and believe that so long as we feel they are continuing to work in good faith and so long as substantive progress is being made on the transaction, it is in the best interests of GlobeTel and its shareholders to allow the process to continue to its ultimate conclusion. This is a very large transaction that requires solutions to many commercial issues, the implementation of tailored banking facilities, and the conformance to many international treaties, regulatory requirements and legal matters. The parties continue to work in good faith and remain committed to building a state-of-the-art wireless network in Russia. We feel that the process must be given every reasonable opportunity to succeed given the commercial stakes involved."
gte has nothing to lose here...huge amounts of money transacted with many different banks. you have to make sure everything is done perfectly..if more time is needed than so be it. The mistake,as i see it, was having a dead line in the first place
Posted by stockvaper on :
George...we agree...they do not have to halt trading when they hold material information, but I'm saying sometimes that is the reason they do, and that is their decision.
Posted by vwcruisn on :
wow up to $2.84!
Posted by Danny12345 on :
damn seems nice for the people that hold it. Damn it's gonna closed over $3 I think...
Posted by George on :
quote:Originally posted by stockvaper: George...we agree...they do not have to halt trading when they hold material information, but I'm saying sometimes that is the reason they do, and that is their decision.
I guess we are both getting to the same place on diffrent roads.....thanks
Looking pretty good though...I think this news just keeps the PPS going sideways because it really is just another extension at this point..."Hang in their guys we are still working on it and it is not dead but the payment plan is diffrent and it might take a little longer finalize"....show not really have much affect in the end to me...
Needs to get back to about 3.22 to be back on track from the first anouncment about the delay...
Posted by George on :
quote:Originally posted by Danny12345: damn seems nice for the people that hold it. Damn it's gonna closed over $3 I think...
Glad I did not have to make a choice today...sorry for the guys that bailed this morning at 2.50
Posted by George on :
Guess I was wrong about it tanking...I thought at best it would trade in the same area but hell you never know how the street will react to news like this...Thats why I said I guess it depends on how you are playing, long, short or shorting....good news for longs because it means it is not dead...
Posted by Peaser01 on :
They put a BS PR out and the stock goes up, go figure?
Posted by George on :
quote:Originally posted by Peaser01: They put a BS PR out and the stock goes up, go figure?
need to wait and see where it settles out early next week...this PR really did no more than say it is still delayed....
Posted by charger on :
Peaser.... what do you work for motley fool? The deal is far from dead and you call it BS this is great news for us holding since it went up so much and the deal isn't even finalized
Posted by bdgee on :
I have a confession to make.
I really don't care what or why a stock goes up or down or if whatever does it is BS or valuable information, so long as I make money.
Posted by Peaser01 on :
I'm glad for all who made money and sold today, looking to buy back cheaper.
To me, this is another delay in the possible payment. I wish I played this with all the other swing traders. Nice play Pagan.
Posted by jps on :
It is another delay, but it's better than a busted deal. Thus the increase today.
Posted by Pagan on :
The actual PR makes it appear that the deal is closer to completion than it was previously thought. Primarily a change in payment structure at the request of the lead bank. I can see why this PR caused the pop today.
I think GTE can most likely hold some of these gains, if not pop higher next week. The reason is two-fold.
COB Myers is officially out as of 3-19-06(Sunday), so it would be a safe bet that they'll announce the new COB next week(could be huge depending on identity of new COB). Tim Huff also already said that the 4Q numbers were going to be released early(due 3/31), which more likely than not also means next week. Both of these items should be released next week, which should stabilize and drive the SP. GLTA!!
Posted by imakmony2005 on :
Very nice HUFF keep the ball rolling.
Posted by R1Man on :
quote:Originally posted by imakmony2005: Very nice HUFF keep the ball rolling.
Didn't you read the NEWS???? It mentioned in there that they needed to check the business plan of both companies before financing could even be set up. I took the news as another attempt to keep the shareholders aboard the sinking ship. If this was all a done deal like all the news releases made it sound.....why are they having to change banks....re-evaluate the deal.....and business plans.
Peaser.....I mean the MOTLEY FOOL will love the latest news.....I would EXPECT some wise cracks out of them on the latest news report.
But when they halted trading....I thought the stock was going to CRASH!!! (deal off).
Posted by imakmony2005 on :
Sorry i take that news to be good, Thats alot of cash to change hands, I like that HUFF is getting the i dotted and Ts crossed.Ship all that stuff over there and they dont pay whats gte gonna do nothing, They just kick there butts right out of the country and were screwed.GTE GOING UP IMHO
Posted by rkh2005 on :
Face the facts: because the markets found the news to be good, it's good news. Reason being is that the contract is still there, whereas they had threatened to terminate it at the end of this week. This pushed the price higher in the "last hour only," and the MM's dragged it lower in order to buy cheaper in preparation for Monday's early run. This one's going higher on Monday!
[ March 18, 2006, 14:01: Message edited by: rkh2005 ]
Posted by jordanreed on :
ya think?
Posted by ehya on :
Im really not sure how old this is, just thought it was interesting video to watch for any shareholders.
looks like there is not much intrest today...some of the buying Friday could of been shorters...
Posted by jordanreed on :
halted again maybe?
Posted by jps on :
etrade isn't updating, but inet is. Trading is going on.
Posted by jps on :
There it goes. Now etrade (and presumably others) is working.
Posted by jordanreed on :
sweeeeet
Posted by Edster on :
I guess we should be expecting some fnancial information being released here shortly. I do not remember seeing the Oct-Dec 2005 quarterly financials.
Posted by Pagan on :
quote:Originally posted by Edster: I guess we should be expecting some fnancial information being released here shortly. I do not remember seeing the Oct-Dec 2005 quarterly financials.
4Q due before 3/31, and Tim Huff did say they would release revs a few days early. Also new COB is to be announced this week. Might get us a nice spike out of the deal. GLTA!!
Posted by Pagan on :
Looks like we're gonna be hanging out in this range until some news pops.
Posted by bdgee on :
Pagan,
It's sure nice to have you around for GTE advice. For me and all the rest of us, Thanks!
Posted by Pagan on :
J. Randolph Dumas Named Chairman of GlobeTel Communications Corp. FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--March 23, 2006--GlobeTel Communications Corp. (AMEX:GTE) today announced that J. Randolph Dumas, Vice Chairman, has been elected Chairman of the Board of Directors, succeeding Sir Christopher Meyer, who remains with the Company as Chairman of the GlobeTel International Advisory Board, but who has resigned his seat on the Board of Directors.
Randolph Dumas stated, "After more than a year-and-a-half of intensive involvement with my friends and colleagues at GlobeTel, I have come to greatly admire the highly dynamic, entrepreneurial and cutting-edge technology culture which dominates the company. While there are growing demands associated with managing, prioritizing and positioning our five businesses, we are also bringing a series of world-class business executives into the company in order to fully nurture and control the rapid growth in each of these businesses. I am hugely excited about the quality and quantity of the major revenue-generating opportunities facing us and I very much look forward to capitalizing on these situations with Sir Christopher, with the Board, with Tim Huff and with the highly-committed GlobeTel team."
Timothy Huff, CEO, responded, "I'm delighted that Randolph Dumas has agreed to step into this very demanding position as our Chairman. We have known each other for more than 15 years, during which time I have come to deeply respect and rely upon his outstanding judgment, counsel and vision. With more than 30 years of professional experience as a senior investment banker and as a successful private equity practitioner globally, he brings a wealth of invaluable perspective about the cross-border commercial and capital markets. I believe he and I have developed, over the years, the kind of time-tested partnership ethic which will serve both the company and its shareholders in an outstanding way."
In his new role as Chairman of the Company's newly-formed International Advisory Board, Sir Christopher, although resigned from the Board of Directors, maintains an important geo-political role in GlobeTel's international initiatives. The Company anticipates that Sir Christopher and his appointees will make an excellent series of targeted contributions to its activities around the world without the significant demands of managing and monitoring its growing global organization.
"I am extremely pleased to be able to leave my responsibilities in the very capable hands of Mr. Dumas," stated Sir Christopher "He's a superlative business practitioner. His exceptional international experience, combined with his intelligent and tireless support of GlobeTel's objectives, ensures that the company is well-positioned to capitalize on its ever-expanding array of commercial opportunities."
About J. Randolph Dumas
J. Randolph Dumas has served as a member of the Board of Directors of GlobeTel Communications since December 2005. Mr. Dumas served as a Naval Aviation Officer during the Viet Nam War Era and, later, served as a briefing officer within the Central Intelligence Agency in Washington D.C. before attending The Wharton School where he completed his MBA degree in finance in 1977. Currently, a resident of London, England - he has lived and worked in Europe for the past 25 years. He became a senior Managing Director at Salomon Brothers International Limited where he was responsible for the firm's European corporate finance, mortgage securities and real estate investment banking businesses for a number of years. Subsequently, Mr. Dumas founded and became the Managing Partner of two prominent private equity firms: Dumas West & Co. (a 50:50 partnership with the "Baby Bell" telecommunications company, US West) and Rubikon Partners, a firm focusing on European leveraged buyouts founded by Mr. Dumas, Dr. Henry Kissinger, Thomas F. McLarty III (President Clinton's Chief of Staff) and Leo A. Daly III. Mr. Dumas has had extensive experience working in virtually every business sector and in every country within Europe, Asia and in much of the Middle East. He maintains strong relationships in these countries at the highest levels.
Posted by Edster on :
Kinda quiet for GTE today. Other than the little bump-up due to the naming of Mr. Dumas as the new GTE Chairman - not much happenin. Looks like we are kinda stuck in the 2.50 - 2.60 price range for a while.
Posted by Pagan on :
quote:Originally posted by Edster: Kinda quiet for GTE today. Other than the little bump-up due to the naming of Mr. Dumas as the new GTE Chairman - not much happenin. Looks like we are kinda stuck in the 2.50 - 2.60 price range for a while.
Looks like we'll continue idling in this range until the 10Q is released later this week.
Posted by jordanreed on :
that was a nice little pop...cmon Timmy..file that report!!
Posted by Pagan on :
Initial Pilot Testing Concludes, Yields Crystal Clarity at Half-Mile Range with Regular Household Telephone
3/29/2006 GlobeTel Wireless, subsidiary, has confirmed that it has begun its pilot testing of the contemplated wireless system for up to 20 Mexican cities.
The proprietary GlobeTel Wireless technology for this project combines DECT and Wireless Broadband competencies. Last week the HotZone 4010 was successfully tested in Mexico City, confirming the range of the DECT/VoIP application with an 800-meter or one half mile cell radius. There were no additional CPE (Customer Premise Equipment) devices required in the testing.
The first Mexican city in which the system will be deployed is Monterrey.
Previously, GlobeTel Communications Corp. de Mexico S.A. de C.V., Marcatel S.A. de C.V. and BTC S.A. de C.V. had agreed to test and develop a wireless communications system in up to 20 cities in Mexico.
The City of Monterrey is the third largest city in Mexico and has nearly 1.2 million inhabitants, with a total metropolitan area population of about 3.9 million, roughly the size of the Detroit metropolitan area. Monterrey is in the northern state of Nuevo Leon, about an hour and a half driving distance from the Texas border.
Marcatel is one of the largest carriers in Mexico, providing service to over 80,000 business customers through its 20 customer care centers located throughout the country. The company offers voice services, carrier infrastructure, and IP and data solutions. Marcatel provides integrated communication services including local telephony, long distance, 800 numbers, and prepaid calling cards, calling cards with international coverage, as well as telephony administration and cost-control systems. Marcatel's IP broadband data services include Internet access using DSL, dedicated and wireless access, dial-up and private lines. The company also provides carrier services, such as dark fiber, private lines, and co-location and spectrum frequencies for microwave access, as well as Contact Center services that complement its offerings to provide the best integral solutions for their clients.
Posted by Edster on :
quote:Originally posted by Pagan:
quote:Originally posted by Edster: I guess we should be expecting some fnancial information being released here shortly. I do not remember seeing the Oct-Dec 2005 quarterly financials.
4Q due before 3/31, and Tim Huff did say they would release revs a few days early. Also new COB is to be announced this week. Might get us a nice spike out of the deal. GLTA!!
I guess the "few days early" may be a few hours early.
Posted by stockvaper on :
Tim might be waiting for additional news coming ??
Posted by Edster on :
quote:Originally posted by stockvaper: Tim might be waiting for a payment today or tomorrow that would boost the 4Q revs.
Now that would be MIGHTY NICE!!!!
Posted by Pagan on :
Thursday , March 30, 2006 09:06 ET
Mar 30, 2006 (M2 PRESSWIRE via COMTEX) -- **********, www.**********, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked short threshold lists: Cytori Therapeutics Inc (NASDAQ: CYTX), GameTech International, Inc. (NASDAQ: GMTC), GlobeTel Communications Corp. (AMEX: GTE), QualMark Corporation (OTCBB: QMRK), SmartVideo Technologies, Inc. (OTCBB: SMVD), Fonecash, Inc. (OTCBB: TTMD). For a complete list of companies on the naked short lists please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to www.**********. Posted by Edster on :
Does being placed on the naked short threshold list mean that if there is good news coming out - then the price will go up quicker as the shorters cover there short sales????
Posted by Pagan on :
quote:Originally posted by Edster: Does being placed on the naked short threshold list mean that if there is good news coming out - then the price will go up quicker as the shorters cover there short sales????
That is the popular line of thought, especially since there is a legal 6.6MM short position declared at the moment as well.
Posted by roachkiller1 on :
FORT LAUDERDALE, Fla., Mar 31, 2006 (BUSINESS WIRE) -- GlobeTel Communications Corp. (GTE, Trade) reported its results for the fiscal year ended December 31, 2005.
For the year ended December 31, 2005, GlobeTel reported gross revenues of $81,143,838, an increase of 179.8% over gross revenues of $28,996,213 for the prior year ended December 31, 2004. The revenue increase is attributed primarily to increases in wholesale carrier traffic revenues (telecommunications minutes) and related network management fees from GlobeTel Communications Corp. wholly owned subsidiary, Centerline Communications and its subsidiaries. Centerline and its subsidiaries recorded consolidated revenues of $71,968,367 (or 88.7% of total revenues).
The Company reported a net loss for the year ended December 31, 2005 of $33,183,395, or $0.44 per share, compared with a net loss $13,166,869, or $0.26 per share, for the year ended December 31, 2004. The net loss was attributable largely to operating expenses of $31,856,495, compared with 2004 operating expenses of $12,850,250. These costs were incurred in conjunction with GTE's rapid growth, acquisitions, staffing requirements and expenses related to Sanswire and GlobeTel Wireless. The Company's operating loss of $31,442,798 for fiscal year 2005, compared with an operating loss of $13,041,451 for fiscal 2004, was heavily impacted by one-time, non-recurring charges and non-cash transactions totaling $18,726,304. Without such charges, the operating loss would have been $12,716,490. Such costs are attributed primarily to increased overall operating expenses, including higher operating costs and expansion of the Company's various programs. The Company expects operating costs to remain high as it expands operations, programs, projects and the staff to accommodate its growth in the US and overseas.
Timothy Huff, CEO of GlobeTel Communications Corp., stated, "Overall, 2005 was a remarkable year for GTE. While our net loss is significant, the advancement of the business has likewise been significant. GlobeTel Communications Corp. is a business comprised of five business units. During 2005, we began the transition from R&D to Sales and Marketing and business execution, and we invested in our infrastructure. Operating in an entrepreneurial environment, the team has positioned the business units for significant growth in the coming quarters. We believe the overall value created for the future GlobeTel Communications Corp. far outweighs the expenses incurred during the year. We are especially pleased with the strength of our Balance Sheet and the fact that GlobeTel Communications Corp. today carries no long term debt.
"During 2005, we made a number of strategic moves to bring our Company closer to fulfilling its mission of enabling individuals and organizations to communicate, interact and transact anywhere in the world at any time. Below are some of the key initiatives executed during the year:
-- The company transitioned its shares from the OTCBB to the American Stock Exchange;
-- The Company's shares were added to two Indexes. Russell 2000 and Russell MicroCap Index;
-- Three Stratellites(TM) were successfully tested, Sanswire I, Sanswire II and the military prototype;
-- The wholesale carrier business expanded its facilities and equipment to increase revenue;
-- GlobeTel Wireless was established and successfully tested in Mexico and Russia;
-- StrateVoIP, the company's VoIP product, was launched;
-- The Stored-Value Program was launched.
Mr. Huff continued, "The GlobeTel Board of Directors has been joined by proven, globally recognized business leaders Messrs. J. Randolph Dumas and Dorian Klein, and by our new Audit Committee Chairman, Michael Castellano, all of whom have been pro-actively involved in shaping the future of the Company."
J. Randolph Dumas, newly-appointed Chairman of the Board of GlobeTel Communications Corp., has issued a letter to GTE shareholders, providing more thorough information on the business and its initiatives. This Chairman's Letter can be found on the corporate web site at http://www.globetel/about/letter033106.html
Additionally, GlobeTel shareholders who have opted to receive news and updated corporate information via e-mail, will receive Mr. Dumas' letter directly. The Company encourages those shareholders who may wish to opt-in to do so by notifying the Company at investors*globetel.net.
GlobeTel Communications filed its 2005 Form 10-K with the SEC today and it will be available on the Company's web site at http://www.globetel.net. Any person interested in receiving a copy of the 2005 Form 10-K and other public documents can request copies by writing to the Company: GlobeTel Communications Corp., 9050 Pines Blvd., Pembroke Pines, Florida 33024.
About GlobeTel Communications Corp.
GlobeTel Communications Corp. develops and provides an integrated suite of telecommunications products and services, leveraging its advances in Stored Value, VOIP and Wireless Access technologies. Individually, each of GlobeTel's five business units function as distinct, strong stand-alone entities: Together they form a powerful alliance of human talent and technological innovation resulting in the SuperHub(TM) worldwide VOIP network, Sanswire Stratellite(TM) platform and products enabling simpler, cheaper transmission of voice, data and money. GlobeTel has historically focused its business development on markets outside of the United States. Current and pending operations exist in Asia, Europe, South America, Mexico and the Caribbean.
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Placement Act of 1995. The words "forecast", "project", "intend", "expect", "should", "would", and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements. The above are more fully discussed in the Company's SEC filings.
GLOBETEL COMMUNICATIONS CORP. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS For the 12 months Ended December 31, 2005 2004 ---------------------------------------------------------------------- REVENUES EARNED $ 81,143,838 $ 28,996,213 COST OF REVENUES EARNED 80,730,141 29,187,414 ---------------------------------------------------------------------- GROSS MARGIN (LOSS) 413,697 (191,201) ---------------------------------------------------------------------- EXPENSES Payroll and related taxes 3,118,676 1,248,562 Consulting and professional fees 6,200,054 2,206,237 Officers' and directors' compensation 12,082,809 6,520,206 Bad debts 1,373,458 1,141,534 Investment banking and financing fees 2,018,985 172,106 Investor and public relations 550,460 117,856 Commissions expense - related party Carrier Services, Inc. 848,880 404,747 Research and development - Sanswire 2,364,673 260,085 Other operating expenses 826,101 156,011 Telephone and communications 200,129 75,390 Travel and related expenses 882,557 240,862 Rents 480,995 126,424 Insurance and employee benefits 672,700 126,644 Depreciation and amortization 236,018 53,586 ---------------------------------------------------------------------- TOTAL EXPENSES 31,856,495 12,850,250 ---------------------------------------------------------------------- LOSS BEFORE OTHER INCOME (EXPENSE) AND INCOME TAXES (31,442,798) (13,041,451) ---------------------------------------------------------------------- OTHER INCOME (EXPENSE) Net gains on settlement of liabilities - 268,397 Loss on disposition of property and equipment - (56,804) Loss on settlement (1,256,873) - Loss on disposition of unconsolidated foreign subsidiary - CGI (352,300) - Loss on equipment deposit (149,558) Loss on discontinued operations - - Loss on write-off of receivables and non-readily marketable securities - - Interest income 44,368 2,067 Interest expense (175,792) (189,520) ---------------------------------------------------------------------- NET OTHER EXPENSE (1,740,597) (125,418) ---------------------------------------------------------------------- LOSS BEFORE INCOME TAXES (33,183,395) (13,166,869) INCOME TAXES Provision for income taxes - - Tax benefit from utilization of net operating loss carryforward - - ---------------------------------------------------------------------- TOTAL INCOME TAXES - - ---------------------------------------------------------------------- NET LOSS ($33,183,395) ($13,166,869) ====================================================================== WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC 75,072,487 49,892,551 DILUTED 75,072,487 49,892,551 ====================================================================== NET LOSS PER SHARE BASIC ($0.442) ($0.264) DILUTED ($0.442) ($0.264) ======================================================================
GLOBETEL COMMUNICATIONS CORP. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEET December 31, 2005 December 31, 2005 December 31, 2004 ASSETS CURRENT ASSETS Cash and cash equivalents $ 1,228,180 $ 601,559 Restricted cash 1,122,000 - Accounts receivable, less allowance for doubtful accounts of $409,100 and $1,505,731 371,618 1,740,883 Loans to employees 46,068 6,885 Prepaid expenses 370,394 58,900 Inventory 67,525 63,976 Deposits on equipment purchase 124,993 88,994 Deferred tax asset, less valuation allowance of $9,828,700 and $5,163,407 - - TOTAL CURRENT ASSETS 3,330,778 2,561,197 PROPERTY AND EQUIPMENT, net 7,028,422 445,756 OTHER ASSETS Investment in unconsolidated foreign subsidiary - Consolidated Global Investments, Ltd. - 352,300 Intangible assets 9,907,550 2,778,000 Deposits 52,322 50,712 Prepaid expenses - 8,012 TOTAL OTHER ASSETS 9,959,872 3,189,024 TOTAL ASSETS 20,319,072 6,195,977 LIABILITIES AND STOCKHOLDERS' EQUITY COMMITMENTS AND CONTINGENCIES (NOTES 6, 7, 17, AND 18) - - LIABILITIES CURRENT LIABILITIES Accounts payable 907,211 456,248 Current portion of long-term debt - 2,846 Due to related party - Carrier Services, Inc. 901,606 - Due to former employee payable in GTEL stock 237,600 - Due to related party payable in GTEL Stock - Hotzone Wireless, Inc. - short-term portion 2,451,834 - Accrued officers' and directors' compensation 97,382 198,333 Accrued expenses and other liabilities 545,636 93,436 Deferred revenues - 46,319 Related party payables 57,500 117,500 TOTAL CURRENT LIABILITIES 5,198,769 914,682 LONG-TERM LIABILITIES Due to related party payable in GTEL Stock - Hotzone Wireless, Inc. 4,708,167 - Capital lease obligations - 4,718 TOTAL LONG-TERM LIABILITIES 4,708,167 4,718 TOTAL LIABILITIES 9,906,934 919,400 SOURCE: GlobeTel Communications Corp.
GlobeTel Communications Corp., Fort Lauderdale Robert Bleckman, 954-775-1427 Copyright Business Wire 2006
Posted by Peaser01 on :
$2.18 on last sale after hours.
Posted by Peaser01 on :
Someone just bought 1000 at $2.49 now.
My guess is that a person short may have been trying to scare some folks, but that's just my take on it.
Posted by roachkiller1 on :
im still at 2.20 on the last price after hours
Posted by jordanreed on :
Ive never thought those after hours sales were much indication of what the stock will do the next day... Peaser...whats your take on the fiscal report? Just a rehash of what they have accomplished from what i can tell. which is alot... I think its good, but youre more adept at this.. Pagan, please jump in if youre around
Posted by Peaser01 on :
Well, what I read into it is that they are putting the money that they are making on the card program, back into the strat program.
Overall, I read it as no better, or worse than the last filing. The positive thing was that revenues have been increasing. The accomplished goals that were mentioned seemed a little fluffed up to me though, as I have not yet heard of GTE putting the strat up in the air 13 miles as of yet. I don't see that as a negative though.
Have to wait and see how the market reacts on Monday.
Posted by jordanreed on :
si...gracias
Posted by Peaser01 on :
de nada.
Posted by Pagan on :
quote:Originally posted by jordanreed: Ive never thought those after hours sales were much indication of what the stock will do the next day... Peaser...whats your take on the fiscal report? Just a rehash of what they have accomplished from what i can tell. which is alot... I think its good, but youre more adept at this.. Pagan, please jump in if youre around
The numbers were about what was expected. With all the acquisitions, R & D, and expansion in 2005, the losses are fairly mild compared to the potential that is now in play from all business divisions of Globetel. And, they are debt free. Thats a major point IMO. But with that said, there will probably be a dip Monday, will be a good time to re-establish swing positions. I would expect the dip to be fairly mild and only last maybe a day or two, if that. I would also expect some other PR next week. And remember the 1Q just ended, so guidance and/or 1Q numbers should be along shortly. And the Russian deal is still out there hanging...
Read the Letter to Shareholders from the new Chairman of the Board below, and I think you'll get a better insight into Globetel's future.
A MESSAGE TO OUR SHAREHOLDERS FROM CHAIRMAN J. RANDOLPH DUMAS
Dear Fellow Shareholders:
I am constantly asked by my friends and colleagues: “What is GlobeTel?” If you happen to be one of GlobeTel’s more than 37,000 long-standing shareholders —many of whom exhibit an almost cult-like dedication to the company— this probably sounds like a silly question. In fact, as the new Chairman of GlobeTel, I must confess that I spent more than a year attempting to get my arms around the many technology and business strategy nuances which are really critical to understanding this vibrant, outside-the-box company. Indeed, it is GlobeTel’s “mining” of these very nuances which is allowing it to break virtually all the rules of traditional telephony, while creating new wireless paradigms which will re-define digital communications in the immediate future.
For the many thousands of you who have closely followed the evolution of the company over the past three years— we hope that you have marveled, as we do every day, at the dramatic transformation of what was, so recently, nothing more than an odd little company with a nine million dollar market cap. Oh yes, to be fair: three years ago, when the young engineering visionary, Tim Huff, arrived at the entity that would become GlobeTel, it had an OTC Bulletin Board listing, it had a one cent share price, it had a confusing and rather unappetizing history, and it had no products or strategy. Under Tim’s nurturing eye, the company soon brought aboard a small group of dedicated employees whose ranks continued to swell as the business began to take shape and move in new directions.
Today, GlobeTel is truly a global business. With roughly a $250 million market cap, a share price which is more than 15 times its level only three years ago, a headcount approaching eighty (still largely made up of some of the most entrepreneurial engineers in the world), a powerful, reconstituted Board of Directors with experience and access at the highest levels, and with a unique strategy built around five different (but highly synergistic) digital business lines, the company is positioned for explosive growth as it rapidly transitions from a highly innovative R&D company into a global Sales, Marketing and Project Management organization with impressive new business initiatives underway in more than 25 countries around the world— including in China and India.
Is the strategy huge and challenging? Yes. Does it seem to represent an eclectic collection of cutting-edge technology opportunities that even some institutional investors find daunting? Yes. Does this multi-prong strategy make sense? Absolutely! In fact, for investors willing to take the time to truly understand what is going on at GlobeTel, it becomes evident that GlobeTel has thought about, and understands, the “puzzle” of the digital marketplace in a way that few other companies do. In fact, the company’s strategy has been woven around Tim Huff’s vision (which he first discussed with me more than 15 years ago at the young age of 26) “that the world of communications, in all its forms, must ultimately become interconnected and completely seamless.”
As I watched Tim’s professional career progress rapidly over the years, with startling levels of responsibility given to him at a very early age at the top of the technology ranks of MCI and Sprint, and later in his own, entrepreneurial businesses built around his growing vision of where the communications business would be going, I had a powerful sense that the young engineering genius that I had met earlier, would someday find a way to make his vision come to fruition.
Some years later (indeed, only a year and a half ago), Tim re-appeared before me in London— completely unexpectedly. He had become a 40-year-old man, fully formed, a little grey at the temples, full of energy and enthusiasm and as intellectually adept as ever. He told me he’d been waiting for the right time to get me involved in his vision, initially as a possible investor. And, he said the right time was now. He told me of his decision, eighteen months earlier, to “back into” a public company vehicle (today’s GlobeTel), as a means of achieving his dream of creating a “Super-Hub” (a global, entirely private internet). We discussed it. I researched it. We discussed it some more. And, nearly a year after this meeting, I agreed to join the company as its Vice Chairman. Since then, in the face of some early head scratching and head shaking by my private equity partners, I have become completely entranced by Tim’s vision of the Super-Hub and by the certainty that his vision can be achieved. Much of this certainty is unquestionably due to a flurry of major technology breakthroughs in recent years. But my deep conviction in the achievability of Tim’s vision of the Super-Hub is due, equally, to the creative organization that he has built virtually from scratch in order to break the wireless “sound barrier.”
By quickly moving the wireless model well ahead of the pack, and we are doing it now, we are creating unprecedented commercial benefits for businesses and exceptional social benefits for the billions of our fellow global citizens who cannot access the wonders of the 21st century. This fascinating organization is built, much like the Super-Hub, around a central corporate structure which serves as a virtual “incubator” for each of the five businesses which are about to put GlobeTel on the international technology map in a big way. Let me tell you about them.
GlobeTel Wireless Division. Under the inspired leadership of Ulrich Altvater, our GlobeTel Wireless Division has, to our almost certain knowledge, leapt significantly ahead of all our possible wireless competitors. Our remarkable wireless solution is currently being installed in Mexico, Malaysia, China and Germany, in significant municipal areas that will eventually average 400 to 600 square kilometers— with the ability to provide ultra-high-speed broadband/DSL and mobile DECT-VoIP telephony to millions of users who previously had no access to such service. Our proprietary Hotzoneä 4010 wireless communication system offers dramatically lower equipment, installation and operating costs than any of our competitors, and at a cost that makes these services accessible by the average man-on-the-street in these important emerging economies. And, of course, our system completely eliminates the “last mile problem”— a problem which has caused incumbent telecom companies around the developed world to pour literally billions of dollars into the ground in the pursuit of customers connected via fiber-optics or “conditioned” copper-pairs. This hugely expensive “trenching strategy” will be a thing of the past if we have anything to say about it. With our over-riding focus on the emerging markets, we see the opportunity to not only do well (very well), but to do good. Soon-to-follow upgrades to our Hotzoneä system will include the marvel of IPTV — bringing thousands of channels of television from around the world into millions of homes — wirelessly. At the moment, GlobeTel Wireless is our leading contender for near term profitability on a significant scale. Like the other Divisions, GlobeTel Wireless will achieve its greatest potential when it is integrated with our (i) Stratelliteä near-space airship, (ii) our “Magic Money” digital, Stored Value Cards, (iii) our StrateVoIP telephony services, and (iv) our Centerline switching backbone which will tie many of these services together into a neat GlobeTel bundle.
Magic Money Stored Value Division. After two years of long, hard, technical and regulatory brain damage, Division Head Joseph Serrousi and his team have reached “lift off.” Magic Money has produced what seems to us to be immediate potential for almost unprecedented revenue generation linked to the digital sorcery of our GlobeTel Magic Money system. What has been sculpted, shaped and developed over these two long years — at great R&D expense — is a digital system which gives us the ability to reach that 90% of the global population that is “un-banked” and that, as a result, has absolutely no access to bank accounts, credit cards, affordable telephony or reasonably-priced money-remittance mechanisms.
In an exclusive Joint Venture with Travelex, the world’s largest retail foreign exchange business, our Stored Value Division has just installed our first Point-of- Sale terminals located in what will eventually be more than 6,000 retail locations around the U.S., allowing this un-banked community to “load” (endow with value) their Magic Moneyä digital cards which will, in turn, give these customers the ability to access low-cost, pre-paid, VoIP telephony services from any phone-box in the world and, separately, to transfer moderate amounts of money around the world (under $5,000 in order to fully conform to the Patriot Act, FDIC and other federal and state regulations relating to money movements) to their friends and to their family members at very low cost. And all of this will be processed through our MasterCard certified switch, which will take over transaction processing this month.
Conceptually, the ability to create “virtual wallets” (i.e. stored value) using global, high security, digital networks will allow several billion people around the world to “digitize” their cash hoards for secure storage and for secure remittance to any other person in the world who has access to a telephone (and, of course, to a Magic Money card). This is, statistically, (to the extent that it can be measured), a market exceeding a half trillion dollars per year. And, in fact, it is really only an embryonic market at the moment because, until now, the technology has not existed to create such a virtual, digital financial services (and IP-based telecommunications) system— all targeted directly, and almost exclusively, at those “forgotten” members of the global economic community.
In India, for example, in an exclusive partnership with the largest financial processor in the country, FSS (partly owned by the Carlyle Private Equity Group, of which President George H. W. Bush is a Senior Advisor), our Magic Moneyä Division will shortly enable more than 25 million, existing debit card holders to become immediate members of our Magic Moneyä network, giving them access, at very low cost (i) to money remitted from relatives abroad, and (ii) to inexpensive telephony so that they are able to stay in touch in a way that was unimaginable even a year ago. A remarkable breakthrough. The money remittance market alone is projected to grow to $257 billion per year by 2009. And, GlobeTel’s Magic Moneyä Division expects to be one of the near term leaders in capturing a large part of this market through its unique digital technology in major remittance markets and, ultimately, globally, through its Super-Hub. Full Divisional profitability expected in the third quarter of this year.
GlobeTel VoIP Division - StrateVoIP Okay, no doubt your initial reaction to any VoIP telephone service is: so what? You know about VoIP via Skype. You know about VoIP via Vonage. But, you have to know about VoIP via GlobeTel in order to really understand how exceptionally insightful the engineers at our company can be about what others might view as a commodity telephony market. At GlobeTel, our amazing VoIP team has cunningly focused its platforms, its marketing, its pricing and its quality voice services on narrowly-defined, niche, “ethnic” markets (eth – nick. adj. Of, or relating to, a sizeable group of people sharing a common and distinctive national, religious, linguistic, racial or cultural heritage.) The first of these highly targeted VoIP initiatives is focused on such an ethnic minority community based in our home state: Brazilians living in Florida with many relatives in Rio and Sao Paolo. At the moment, the costs of telephone calls between Florida and Brazil, and between Brazil and Florida are (i) hugely expensive using their incumbent carriers or (ii) neither user-friendly nor ethnically-friendly when using other VoIP providers.
Our approach is to tailor our services to meet the special needs of these special communities who reside in large numbers throughout the United States. In particular, in our first Portuguese-language-focused VoIP roll-out, we will very soon be able to provide Portuguese speakers in Florida and in Brazil with a “local telephone number” which, using our highly proprietary, in-house developed platform, will make it possible for a nephew in Rio to call an uncle in Ft. Lauderdale by dialing a local Rio number, as if the uncle lived across the street. Likewise, for the uncle in Ft. Lauderdale, he will now be able to dial a local Ft. Lauderdale number in order to speak to his grandson in Sao Paolo, etc. And, this will all be achieved at a small fraction of the cost of the available alternatives.
Our GlobeTel VoIP Division, operating under the dazzling technical and commercial insights of its President, Dan Erdberg, has developed two “ethnic portals” on the internet which will allow customers in both Brazil and in the U.S. to quickly, easily and cheaply become GlobeTel VoIP customers in a matter of minutes using our web-based, interactive technology which makes the sign-up process a snap and the user-friendliness unprecedented.
The objective for our VoIP Division for the remainder of this year and into the next will be to create a network of such platforms which are intertwined through our proprietary VoIP system, giving users expanded reach to both members and non-members of their ethnic communities around the world. Simultaneous with these initiatives, which we anticipate will produce a Divisional breakeven in the third quarter and significant profit in the fourth quarter, the Division is also working aggressively to integrate its unique technologies into the Hotzoneä Wireless system which will add a multitude of new applications and opportunities as GlobeTel Wireless rolls out its wireless networks around the world. This represents another strand in the ultimate Super-Hub strategy, while creating significant stand-alone profitability in the meantime.
Centerline. Centerline is probably our most challenging business, because its revenue base sits squarely in the middle of pricing models driven by white markets, grey markets and even some “black” markets in the global market for voice termination traffic. It is, in short, a commodity business based on the most competitive pricing for the termination of telephone calls over the incumbent networks. Frankly, it’s a business that can be described as “difficult, on a good day.” However, because we happen to have one of the smartest, toughest and best “traders” in the business running our Centerline Division, Joe Monterosso, we have been able to establish this as a significant revenue generator for the company. And, its revenues are growing by the day. We are helped by the fact (and this is part of our secret) that we have recently installed our wholly-owned, state of the art, VOIP and TDM switches at our main Network Operating Center.
While Joe was able to eke out a profit before the installation of our own switches, it amounted to daily hand-to-hand combat in order to compete with the other traders in the gladiatorial pit of commodity terminations. While each day is still very much gladiatorial in nature, Joe has now professionalized his operation to such a level that when, married to his own personal reputation, an increasing number of major incumbents are coming to him, in order to squeeze the other grey market players from what he politely terms “the market.”
Joe’s profitability is expected to continue to increase over the course of this coming year— stabilizing at what we anticipate will be a gross profit margin something on the order of $500,000 to $750,000 per month. And, this reliable revenue source has, and will continue to be, important to us while our other Divisions complete their run-up to profitability during 2006. Another secret, by the way, is that Joe’s company-owned switches, combined with his significant network of fiber-optic cable leases— will form a valuable part of our global Super-Hub, once it is in place.
Sanswire— The Stratellite. The icing on the cake of the GlobeTel strategy (and admittedly, the butt of some unfounded jokes from the tabloid financial press) is our near-space digital platform, called the Stratelliteä. This rigid airship (not a blimp, not a balloon as the pundits remind us), when it becomes operational later this year, will produce what we believe will be the single greatest revolution in communications technology in the history of the world. Sure sounds like an outlandish statement, doesn’t it? And, I admit it is hard to make such a statement in an annual report to the Shareholders of a public company. But, if the regulators will allow me to get away with saying it, I have to say it, because I firmly believe it.
What makes the Stratelliteä so special is that it will provide (i) an incredibly cheap (ii) fully-recoverable (iii) high altitude (13 miles from the surface of the earth) (iv) stable, geo-synchronous digital equipment platform— that will flood more than 125,000 square miles beneath it with every conceivable flavor of digital radio spectrum. “The Highest Tower in the Sky” is the way we think about it, except that unlike ugly cell towers which blight our landscapes and whose signals are blocked, diverted or diminished by surface obstacles (hills, trees, buildings, etc.), our Stratelliteä will have a direct, vertical, line-of-sight shot immediately beneath it with no obstacles in the way of its signals— whether broadband signals, cellphone signals, IPTV signals, data signals, infra-red photography, high resolution photography, electromagnetic sensors, radar, etc.
When (i) integrated with our GlobeTel Wireless installations on the ground (all mounted on a series of roof-top masts about six feet tall), (ii) tied into our VoIP platforms, (iii) meshed with our Magic Moneyä digital stored value cards, and (iv) married to our Centerline terrestrial backbone and switches — we will have a remarkable, entirely private, subscriber-only, world-wide web with the ability to provide — wirelessly — (i) mobile and fixed line telephony, (ii) very high speed broadband (iii) IPTV, and (iv) security, educational, medical, environmental and other data services, all at remarkably low prices. This … is the Super-Hub.
While the successful, commercial deployment of the Stratelliteä will surely add a large measure of synergy and “market reach” to the GlobeTel strategy (allowing us to communicate wirelessly with literally every human being on the face of the earth), it does not define GlobeTel. It is simply the final brush stroke on the canvas which will bring our other four digital businesses— which in at least two cases (GlobeTel Wireless and Magic Money) have the capability to become multi-billion dollar companies in their own rights— under a single, integrated umbrella to form a worldwide Super Hub.
The Sanswire team is planning to flight test Sanswire II, our final “technology demonstrator”, in the immediate future at Edwards Air Force Base. Currently, Sanswire II is undergoing various systems tests and systems integration at our Palmdale, California facility. We’re waiting for clearance from the Edwards Range for the test flights. Having floated Sanswire II in the California desert at the end of February, our Stratelliteä Division, under the energetic and visionary leadership of former NASA Director and decorated Air Force Pilot, Bob Jones, is now prepared to commence its high altitude testing in June, and continue through the summer. First, however, there will be further testing of various subsystems leading to further tethered flight tests. The tethered tests will be followed by un-tethered taxi tests at Palmdale, which is located just a short distance from Edwards AFB. After validating and completing the Combined Systems tests, we will conduct an un-tethered flight test at Edwards, and this is when we will be preparing ourselves, shortly thereafter, to break the World Altitude Record for an Advanced Rigid Airship.
Our Stratellite airship - for the technically-minded among you - utilizes a state-of-the-art carbon composite frame integrated into an advanced envelope, with power generation from photo-voltaic panels attached to the envelope. Using the latest battery storage technology and electric engines to power the airship, we believe we have the ability to keep the airship aloft, and in position, for many months on end.
Simultaneously, plans are currently underway to begin construction of Sanswire III, our first commercial variant, for expected delivery to a Latin American country for use in digital communications and border security. The completion, final testing and delivery of Sanswire III is targeted for early 2007. From there, we hope the world will be our oyster.
Conclusions. When I sat down to write this letter to our shareholders, I asked myself: “If I were a shareholder of this company, what would I like to know?” After reflecting on the question, I concluded that I would simply like to hear an honest, comprehensible statement about what this, sometimes confusing, company is really all about. I realized, because of my personal enthusiasm, that there was a risk of communicating something that might sound more like an advertising commercial than a cut-and-dried statement of the financial facts. If what I have produced here sounds too much like a Ferrari commercial, I apologize. But, I have genuinely tried to convey the very exciting facts to you as I understand them.
I am no engineer. I am a businessman with a lot of years under my belt— working in virtually every sector and in virtually every market around the world. And, indeed, it is this background and this perspective that attracted the company to me, and me to the company. My job, as I see it, is to do everything professionally possible, in concert with our CEO and his management team, to ensure that GlobeTel achieves its great potential. As a shareholder myself, and as one of your most committed representatives — along with my fellow Board Members — I am convinced that we have an exceptional opportunity to create new markets, create new business models, reach new constituencies, generate exceptional profits and, also, to do some good for the world. Nothing in life is ever certain, of course. And at GlobeTel — because we are inspired everyday by our supporters and diverted by our detractors— we are fully attuned to the fact that what we are striving to do has few precedents. But, we believe in what we are trying to do, down to our toenails.
The greatest revolutions in history have had few or no precedents. I am often reminded of the London Times description of Alexander Graham Bell: “He is an ‘impostor’, a ‘ventriloquist’, a ‘crank’ who says he can talk through a wire.” Or the New York Herald’s statement that his (technology) is “weird, almost supernatural.” Clearly, we assume we are beyond the plague of petty superstitions and skeptical, uninformed “journalists.” But, in many ways we are not. We remain perplexed by the handful of casual, uninformed, tabloid press artisans who simply fail to do their homework, fail to investigate the facts, debunk original research and, instead, fly into the grasping arms of their flighty, gossip-mongering readership. But, perhaps this is the way it has always been.
To you, our shareholders, I can only assure you that you have one of the most committed, dedicated, hard working, focused and energized management teams to ever occupy the American Stock Exchange. We eat, sleep and breathe GlobeTel. We believe, as we rush to populate our management ranks with more high quality, deeply experienced, international business executives, that the next stage of the company’s growth is now at hand. Our R&D costs and our capital expenditures are behind us and, now, this is the year for ramping up our people resources and our operating profits. Our expanding management team has as its mantra: Deploy the technology. Generate the revenues. This, during the remainder of 2006, is our overwhelming focus. We are striving to make every Division in the company profitable by year-end. Considering the unique, highly marketable technologies that we have created and the many markets that we are already tapping, the future for GlobeTel and its owners (i.e. you and me) has never looked brighter. We thank you for continued support and hope to reward you handsomely for it.
J. Randolph Dumas Chairman of the Board GlobeTel Communications Corp.
Posted by rkh2005 on :
AH means nothing....it in no way affects the opening price for the next day, either....my take is that it's just the MM's way of trying to make some extra money by playing games with the investors....thus the AH markets can be dangerous to trade in. With USXP, the same exact thing happened both AH and Pre-Market during the days it had big runs
Posted by imakmony2005 on :
2.29 BUYING OP??
Posted by George on :
I am still waiting on my 1.70....
Posted by jordanreed on :
hang in there george...just might get there
Posted by Pagan on :
quote:Originally posted by imakmony2005: 2.29 BUYING OP??
Looking like a bottom forming here.
Posted by Edster on :
Hope this doesn't fall too much more. A little bump up at yesterday's close - hopefully is a sign that the selling pressure may be starting to ease a bit.
Posted by ehya on :
GlobeTel Communications Sets Annual Meeting Date Business Wire - April 05, 2006 09:45
FORT LAUDERDALE, Fla., Apr 05, 2006 (BUSINESS WIRE) -- The Board of Directors of GlobeTel Communications Corp. (AMEX:GTE) has set Wednesday, June 21, 2006 as the date for the company's annual meeting of stockholders, for stockholders of record as of April 28, 2006. The meeting will be held at the Grand Palms Hotel - Spa & Golf Resort, 110 Grand Palms Drive, Pembroke Pines, Florida, at 10 a.m. (EDT).
Shareholders planning to attend the meeting can obtain information and directions to the Grand Palms from http://www.grandpalmsresort.com . GlobeTel has arranged a special rate at the Grand Palms for shareholders planning to attend the meeting: $84 per standard room or $99 per suite, plus tax. Shareholders interested in attending the event should contact the hotel directly for their reservations.
Posted by Edster on :
Very quiet in here. No news appears to be comming forth in the near future. This pps may steadily drift down and be in the 1.80's by the time the stockholder's meeting in June. I ned to get it back up to the 2.90 level just to break even Posted by Pagan on :
quote:Originally posted by Edster: Very quiet in here. No news appears to be comming forth in the near future. This pps may steadily drift down and be in the 1.80's by the time the stockholder's meeting in June. I ned to get it back up to the 2.90 level just to break even
I am confident that there will be plenty of excitement between now and June. I loaded several tiered swing positions and I am ready for many different levels to the upside. Look at the current/historical chart and you can see we are due a major spike. RSI is showing way oversold, and has a history of bouncing at these levels. GLTA!!
Posted by charger on :
What ever happened to the Russian deal.... they must be waiting to close another deal before they announce the russian deal dead.
Posted by jordanreed on :
hang in there George...looks like we're coming down to get ya!...LOL...Dammit...as far as we know, the russian thingy is still out there
Posted by Edster on :
Down another .08 so far today. That makes seven straight days of losses. The stock closed at 2.54 on 29 Mar. Unless we get some good news here shortly, there may be no way of stopping this steady errosion in pps. We could quickly break the 2.00 barrier unless something good happens soon.
Posted by imakmony2005 on :
Got 500 more at 2.16 it will go.IMO
Posted by JML123 on :
How frustrating has this stock been! Have held this for more than a year, and while I did cash out part of my position when this was close to its high (playing with free shares was too good to resist), I have really been rooting for these guys and want to see us all get a nice payday.
What are the upcoming key dates on the calendar? How long do we need to wait to see this one pop?
Posted by BuyTex on :
funny, JML, perhaps like you I wanted to buy in, see the Strat fly, then retire...
but, it *has* been a swing-trader's dream...
Posted by R1Man on :
quote:Originally posted by BuyTex: funny, JML, perhaps like you I wanted to buy in, see the Strat fly, then retire...
but, it *has* been a swing-trader's dream...
Yes it has!!!!
Just think.....if you dropped $10,000 in when it was $1.30 in september 05 and sold at $4.00 in december than dropped all the proseats back in at $2.25 and then sold again in january at $4.00 then bought back in in feb at $2.75, then sold again in Feb at $3.50 than dipped in again in march at $2.75 and sold at $3.75....you would have:
$94,935
I'm looking to jumping back in when it dips below $2.00....my entry target is $1.80-2.00.
Posted by BuyTex on :
ya...
and get this--some here were trading it from a nickel long before the AMEX move...lol, a nickel then would be a buy-in at .75
Posted by R1Man on :
quote:Originally posted by BuyTex: ya...
and get this--some here were trading it from a nickel long before the AMEX move...lol, a nickel then would be a buy-in at .75
Your right! Some of these stocks are just nuts and explosive.
Posted by Pagan on :
GlobeTel Board Sets Performance Objectives for 2006
FORT LAUDERDALE, Fla., Apr 10, 2006 (BUSINESS WIRE) -- GlobeTel Communications Corp. (GTE : GTE today announced that CEO Timothy Huff and the Board of Directors have entered into a performance agreement setting forth certain goals and achievements that Mr. Huff is tasked with achieving during the current year. The Board has determined that, at this stage in GlobeTel's development, a material increase in shareholder value underpinned by clear financial and operational progress should be the ultimate determining factor for success during 2006. CEO Tim Huff stated, "I have entered into this agreement with the Board because I believe the time has now arrived for the company to do what it has been preparing to do for the past three years: Produce new, technology-based revenues and profitability. The way to achieve these goals is by aggressively executing the business plans for each Division." The specific financial and technology performance targets which have been negotiated with Mr. Huff and his team are as follows: -- 30 June 2006: Centerline Communications, GlobeTel's IP Carrier Division, will reach $350,000 per month in net operating profit. -- 30 June 2006: StrateVoIP Division, GlobeTel's IP Phone Division, will reach positive monthly EBITDA and will double net profits every 60 days throughout the remainder of 2006. -- 30 June 2006: Sanswire Networks, GlobeTel's High Altitude Airship program, will have completed the tethered testing of its Sanswire II technology demonstrator and will have performed an un-tethered free flight test at a significant altitude. -- 30 September 2006: GlobeTel's Magic Money Program will become EBITDA positive. -- 30 September 2006: GlobeTel Wireless, GlobeTel's Wireless WiMax Division, will have at least one metropolitan network installed and operational. -- 31 October 2006: GlobeTel will become EBITDA positive. -- 31 December 2006: Shareholder value must be materially higher by the end of 2006. Huff continued, "It is now time to show that we can accomplish our revenue and profitability goals. At the end of the day, I'm also a shareholder and I want my shares to grow in value. The spirit of these goals is not to expose ourselves to impossibilities, but to speak to the issue of creating shareholder value. I believe that my team and I can increase shareholder value, but if not, I'll be the first to agree that it's time for me to pass the baton to someone who can move the ball down the field." J. Randolph Dumas, Chairman of the Board at GlobeTel stated, "When Mr. Huff became the CEO of GlobeTel, it had a $9 million market capitalization, it was mired in debt, it had no real sense of strategic direction and it had no discernable market advantages. Today, GlobeTel has a dramatically larger market capitalization, it is debt free and it has five very exciting business units - each of which, as a stand-alone company, has the clear potential to create significant shareholder value. It is now time to show that this potential can be crystallized." "The Board has agreed with Mr. Huff's proposition that now is the time to execute his plans and to deliver on the unprecedented global opportunities facing the company. At the end of 2006, the Board will both objectively and subjectively evaluate Mr. Huff's performance against the stated targets. The final determining measure of success should be a meaningful increase in shareholder value. We are confident that he and his team will be successful and I can guarantee that they will have the full support of the Board as they press to accomplish these goals for our shareholders."
Posted by jordanreed on :
fluff pr with specific goals...he wants to keep us interested imo.
Posted by Pagan on :
quote:Originally posted by jordanreed: fluff pr with specific goals...he wants to keep us interested imo.
Actually I like it. They have set some specific divisional financial targets. Basically it's 2Q and 3Q guidance on a divisional level. And since we are already in 2Q, three of those targets must be well on their way to fruition.
Posted by jordanreed on :
but what i want to hear is the russians finalized,or the strat is flying, or a new metro wireless deal signed...lol...something immediate...we all know that this is a great growing co. with long range plans and goals to reach... Im' thinking 10.00/pps by the end of the year,but i want it NOW!!I'm just too impatient
Posted by George on :
I think the PR is saying look Huff get off your ass....or else...They are giving him specific guideline for the next several months. If they do not make it he will be gone. This and the letter from the Chairman are both saying look folks hang in there with us if Huff can not do it we will find someone that can...
By the way I am looking for a new job also Mr. Chairman...
They have got to turn this trend around....
Once I see they are doing that then I am back in...1.70 or not....
I loved buying this one when I first got in at .04 cents...those were the days. i made 25k off it back then.
Posted by Pagan on :
GlobeTel Communications' COO Lawrence Lynch's Expanded Role to Include Chief Financial Officer Responsibilities
FT. LAUDERDALE, Fla., Apr 10, 2006 (BUSINESS WIRE)10:11am GTE announced that Chief Operating Officer Lawrence Lynch has been appointed acting Chief Financial Officer, succeeding Thomas Jimenez who has retired for health reasons. Mr. Lynch will continue his responsibilities as Chief Operating Officer during this period, although it is the company's intention to appoint an equally accomplished professional to the permanent CFO position as soon as the recruiting process can be comfortably completed. Mr. Lynch, former Chief Financial Officer for First Data Corporation - Latin America, has over 25 years experience in accounting, banking and card-related products. He began his career as an officer for the Irving Trust Company (now Bank of New York) and later as a Vice President of Security Pacific National Trust Company. In addition, Mr. Lynch has owned and operated several successful "acquiring-and-issuing" card companies in the United States and in Mexico. Mr. Lynch has a Bachelor of Science degree in Economics from Hofstra University, New York and an MBA from Adelphi University, New York. His significant international experience, coupled with his operational, financial and strategic planning capabilities are very beneficial to GlobeTel as it expands its presence in foreign markets. Mr. Lynch, his wife and seven children call South Florida home. Timothy Huff, GlobeTel's Chief Executive Officer stated, "I would like to thank Tom Jimenez for nearly seven years of service to our Company. He's been instrumental in helping forge the future of the Company and getting us to where we are today. He has been a valuable asset and will be missed. We all wish him the very best as he manages the new set of challenges in his life." Mr. Huff continued, "Larry Lynch's range of competencies is impressive. He has been a dynamic Chief Operating Officer since joining us almost two years ago. He has been a highly successful CFO at a major international financial services company and fully understands the complexities of today's public accounting environment. We're very comfortable with Larry assuming the duties of CFO until we're able to identify a suitable long term Chief Financial Officer."
Posted by Pagan on :
Not a bad day. Up 6%.
Posted by Edster on :
quote:Originally posted by Pagan: Not a bad day. Up 6%.
Great day Pagan. Just hope it holds and doesn't trickle away like it has so many other times. Should be quite interesting here in GTE land over the next couple months.
Posted by Edster on :
Wow!!! Yesterday's spike up in pps on somewhat positive news sure wore off fast. Broke thru the 2.10 five day support level. I really didn't believe it before but you guys who predicted a 1.80-1.90 price in the near future may not have been too far off base. I am sitting on 4,000 shares with a 2.90 B/E.
Posted by Pagan on :
Brutal new MF article out. Look for a good opportunity to pick up some new swing positions tomorrow. Barring some countering PR by GTE, we could see some prime opportunities. GLTA!!
Posted by George on :
This guy hates GTE:
The GlobeTel Silent Treatment By Seth Jayson (TMF Bent) April 11, 2006
The silent treatment Florida's been providing me with a lot of interesting reading lately. Last week, the first bit was a letter sent to me by a lawyer for GlobeTel (AMEX: GTE). In it, he tells me that GlobeTel "in order to protects [sic] its interests and those of its shareholders, will no longer continue to communicate with you."
"Accordingly," it continues, "this will constitute a formal request that you immediately cease-and-desist from any further communications or inquiries ... GOVERN YOURSELF ACCORDINGLY."
That's a pretty ironic request, given that GlobeTel CEO Tim Huff has previously complained that I didn't try hard enough to talk to him. The real problem, of course, is that I ask hard questions, unlike some of the GlobeTel PR regurgitators and apologists out there in the press. That's because it's my job to look out for investors, and I think GlobeTel is one of the worst investment ideas out there.
But after reading GlobeTel's latest annual report, it's easy to see why the company would want to instill an official silent treatment. In past conversations, CEO Tim Huff seemed more comfortable talking about his plans for the future, or the important foreign government men involved in the company's far-flung business deals. He showed little interest in explaining the firm's financial woes, or its long list of past ventures that failed to live up to the original promises, such as the very strange Australian deal. Investors should pay close attention to that, and GOVERN THEMSELVES ACCORDINGLY.
The ugliest thing in Florida The raw numbers alone ought to be enough to frighten investors. For 2005, this now two-buck-and-change stock lost $0.43 per share, or $32 million dollars. That's 2.5 times greater than 2004's net loss of $13 million, even though revenues increased 179%, to $81.1 million. Of course, losing money like that is an easy task when you only take in a gross profit of $413,679 on that $81 million. To put that into context, $413,679 was less than half of GlobeTel's travel budget for the year.
The reason the bottom line didn't look even worse on a per-share basis was that shareholders saw their stake watered down by a whopping 50% increase in diluted shares. The share count is skyrocketing, of course, because GlobeTel keeps this money-losing strategy rolling by selling shares and other instruments like convertible debt -- to the tune of $15 million last year.
The cash burned by operations was $12.6 million in 2005, and management makes its dependence on financing perfectly clear, for those who take the time to comb through the 10-K. Refer to page 34, where it says "... additional cash will still be needed to support operations ... [i]f we are unable to obtain the necessary funding, the company may have to modify its business plan, reduce or discontinue some of its operations or seek a buyer for all or part of its assets to continue as a going concern through 2006."
But while outside shareholders are left with the risk and double the pain on the bottom line, officers and directors are doing just fine, thanks. Their compensation rose 85% last year to a combined $12 million, or 15% of sales, much of it in stock. By the way, many of them have been planning to sell that stock over the past few months. I find that odd. If I held a large chunk of shares in a company that was about to bust open a $600 million Russian WiMax deal, I'd hang onto all of them. I'd buy more whenever I could. In other words, I'd GOVERN MYSELF ACCORDINGLY.
Leader in wireless? Believing in the GlobeTel story requires you to believe that a tiny, money-losing Florida firm can somehow leapfrog the big boys in telecommunications. Tim Huff told me on the phone that the reason his firm would beat established equipment and service providers like Nokia (NYSE: NOK), Motorola (NYSE: MOT), Vimpelcom (NYSE: VIP), and Mobile Telesys (NYSE: MBT) is because of the superiority of its technology -- specifically, its "radios." If that's true (and more than one telecom analyst has written to me to express major doubts), then GlobeTel must have one of the most efficient R&D machines in the world. According to the 10-K, total R&D for the year was just more than $2.3 million, and 99% of that sum went to the blimps.
The trail of tears GlobeTel's big splash in December was for its Russian WiMax deal, the one that was supposed to deliver them hundreds of millions of dollars by now, but which has mostly produced press releases. This came as no surprise to me, because I've taken the time to read GlobeTel's past filings, and I know that delays and cancellations are par for the GlobeTel course.
Investors who wish to double-check GlobeTel's past record on hot-sounding deals should begin with page six of the annual report, where they will find many entries that look like this. "In February, 2005, we signed a Letter of Intent (LOI) with Banco Azteca, the fifth largest financial Institution in Mexico ... However, based on the business terms presented, the company has decided not to move forward with this deal." In all, of the 10 deals listed on pages six and seven alone, six were cancelled outright, and the rest were rescheduled or otherwise delayed.
More interested in the deals promoted in 2005? Direct your gaze to the pages beginning with 50, and you'll see the updates on more recently announced projects like the July 7 Daly Dumas joint venture agreement, the July 14 Colombian blimp deal, the July 7 RapidMoney deal, the Aug. 1 German wireless deal, the Oct. 6 Global Crossing (Nasdaq: GLBC) deal, the Oct. 12 University of Stuttgart Deal, the Dec. 31 Russian WiMax deal, and the Nov. 9 Indian financial services deal -- none of which has yet yielded any transactions "that would require recording or disclosure in the Company's financial statements related to this agreement." If you think "the money must be on the way," I suggest you go back to page six and read again.
Reconsider all those deals, consider what was said about them at the time, and look at what has happened since. Then, GOVERN YOURSELF ACCORDINGLY.
Chamber of oddities If you 're unmoved by large losses and unfulfilled deals, consider some of the other odd tidbits to be found in the 10-K. One of my favorites is the page 42-43 description of the "milestone" payments made to acquire GlobeTel's "HotZone" wireless technology.
"Initially, since the milestones to be achieved for the second and third years of the contract were undefined and it is unknown whether or not such milestones, even if defined, will be achieved, the Company had not recorded the additional consideration ... Subsequently, as of Dec. 31, 2005, the Company and HotZone agreed that any and all milestones, previously undefined, were in fact achieved."
So, the non-existent milestones were judged fulfilled, and the company recorded further payments of $5 million worth of stock. (While you're on page 43, you might want to review the deal that brought Huff to GlobeTel: a "consulting" deal involving his previous company, Global VoIP and "Charterhouse," a Nevis, then Malaysian, company for a GlobeTel buildout of five networks. The payment to GlobeTel was to be 64 million (later 86 million) shares of an unlisted Australian company, one that ended up being liquidated a year and a half later, causing GlobeTel to write off the entire amount. Instead of being "directly compensated" for this (to my mind, wildly unsuccessful) deal, Tim Huff became an officer and director of GlobeTel.
Another interesting deal is the cash and stock payment to ISG Jet, a company owned by GlobeTel's executive vice president, one Steven King, for "executive air travel services." ISG Jet is owned by King's holding company INV Group (according to Florida records, formerly InvestorSource Group) and has, according to the record here, filed planned sales of more than $2.8 million worth of GlobeTel stock since June of 2005.
And while we're on the subject of insider sales, one of those questions that GlobeTel doesn't seem to want to answer is whether CEO Tim Huff is a 40% investor in an outfit called Infinity Capital Partners, as he is described in a 2002 registration statement. By virtue of the convertible note originally ascribed to Infinity, and later, it seems, ascribed to an unnamed "entity" 40% owned by Tim Huff, it looks like we're talking about the same "entity." (It appears most recently page 48 of the latest 10-K.)
I find this interesting because one Infinity Capital Partners has been filing planned share sales this past year. If Huff is still an investor in this Infinity, I'd like to know how he squares those sales with his claims to me that he has "not sold" shares. Since GlobeTel is giving me the silent treatment, maybe investors will ask for some clarification, consider the answer, and GOVERN THEMSELVES ACCORDINGLY.
Foolish bottom line GlobeTel is a great company to watch if you want to learn about complicated (often unfulfilled) business deals, group investor psychology, and money-burning penny stocks. If you're looking for a foreign telecom player that can produce little things like earnings and cash -- you know, the stuff that makes an investment ultimately pay off -- I suggest you look elsewhere. As for GlobeTel, read the filings, look at the director turnover (page 70) in 2005, look at the recent insider selling, consider how management is rewarding itself richly while outside shareholders bear the brunt of the huge losses and dilutive financing arrangements, and GOVERN YOURSELF ACCORDINGLY.
At the time of publication, Seth Jayson had no positions in any company mentioned here. View his stock holdings and Fool profile here. Fool rules are here.
Posted by jordanreed on :
motley strikes again....if i recall, the last time MF wrote an article like this, GTE fired back within a couple of days....interesting to see how this will unfold again
Posted by BuyTex on :
gotta admit--don't like the burn rate he's describing, but also gotta ask: exactly *when* does an amount become "whopping"?
also gotta tell ya guys...that "govern yourself" dealie--not good. I really, really want the strat to fly...but that's poor, poor press relations. Not saying it's a deal-breaker, but something to be aware of... put it this way: were I long in this? I'd be *all over* GTE's IR--"You AMATEUR!"
lol, I might do it, anyway--am still hoping that damn strat "changes everything" ....
Posted by Opethian on :
$2.00 pre-market... ouch! I'm waiting on news for this one before I get in, because once it runs it can run hard
Posted by Edster on :
quote:Originally posted by Opethian: $2.00 pre-market... ouch! I'm waiting on news for this one before I get in, because once it runs it can run hard
We'll be extremely lucky if the price doesn't drop way below $2.00. I think that we could be looking at a $1.80 share price by EOD.
Posted by ladybird on :
I often find MF articles a little top heavy with cynicism. And this Seth guy apparently has an ax to grind. I wouldn't worry too much about Huff having good relations with him. It would be a waste of Huff's time. Seth already has him mind made up and I don't think he's going to change it.
On the other hand, Huff has established quite a reputation for shooting off his mouth. Can't he control his bubbling enthusiasm a little and let the product or service or whatever speak for itself. His over-promising and under deliversing style has caused as much volatility in the share price as anything else.
I wish you would give a call, Tex. Tell them to gag Huff and let someone else be their talking head.
Posted by jordanreed on :
holy balls!!
Posted by jordanreed on :
id like to invite Ol' Seth Green out back for a round of azz-whuppin"
Posted by imakmony2005 on :
chit.
Posted by Edster on :
GTE needs to come out quick and hit this Fool article hard ---- the pps will continue to drop until GTE makes it's position known. Silence in this case would be a killer to GTE stock.
Posted by Pagan on :
I think GTE will linger in the $1.80-1.85 range for a while. Look for a relief rally late today or tomorrow IMO. GLTA!!
Posted by Danny12345 on :
time to sell off those stocks of mine and pick up GTE...Let it come down baby.
Posted by George on :
Looks like I will be getting my 1.70 sooner than later....I am still holding out for 1.70 but might have to even wait a little longer to see what happens. I may get back in below 1.70. In any case still a great long...
Posted by imakmony2005 on :
got 500 more at 1.85,
Posted by Pagan on :
quote:Originally posted by imakmony2005: got 500 more at 1.85,
Added a swing spread across $1.79-1.80. Still looking for a relief rally, late afternoon or tomorrow to fill gaps to the upside.
Posted by Edster on :
quote:Originally posted by Pagan:
quote:Originally posted by imakmony2005: got 500 more at 1.85,
Added a swing spread across $1.79-1.80. Still looking for a relief rally, late afternoon or tomorrow to fill gaps to the upside.
Hope you are right Pagan - but I don't think we wil see an EOD run-up today. Too much Level 2 sell pressure building right now.
Posted by Pagan on :
Edster, Tomorrow seems more likely, going into a 3 day weekend. Hard to peg it though with the extended weekend and Saturday being the 15th. If tomorrow turns out to be lackluster, I'd look for a bit of a rally Monday then.
Posted by Marcus on :
Back in at 1.78...we'll see what happens
Posted by jordanreed on :
expect a pr real,real soon...great day to pick up more,,too bad I'm broke
Posted by imakmony2005 on :
damn had an order in at 1.72 and did not fill.if it drops im in for more.
Posted by Edster on :
Hope that we get some pushback from GTE on the Fool's article today. After yesterday's fall we might expect a little recovery but I doubt that we will get back all the loss without some meaningful GTE PR help.
Posted by maumee river rat on :
WOW!!! What the heck happend to the Golden Blimp????
This puppy is taken a beating isn't it..
Lookin' at the chart and if this breaks any lower at all, it has no support untill the mid to upper 1.2s...below that, and she's down to .50-.60 area.
Posted by Edster on :
quote:Originally posted by maumee river rat: WOW!!! What the heck happend to the Golden Blimp????
This puppy is taken a beating isn't it..
Lookin' at the chart and if this breaks any lower at all, it has no support untill the mid to upper 1.2s...below that, and she's down to .50-.60 area.
Not quite sure whether the concept of support levels have any influence on this stock right now. Fool's dropped a giant turd on this stock and until it is cleaned up by GTE it will continue to drop.
Posted by Pagan on :
quote:Originally posted by Edster:
quote:Originally posted by maumee river rat: WOW!!! What the heck happend to the Golden Blimp????
This puppy is taken a beating isn't it..
Lookin' at the chart and if this breaks any lower at all, it has no support untill the mid to upper 1.2s...below that, and she's down to .50-.60 area.
Not quite sure whether the concept of support levels have any influence on this stock right now. Fool's dropped a giant turd on this stock and until it is cleaned up by GTE it will continue to drop.
LOL. Looking at today's action, your analysis looks spot on.
Posted by mlewis765 on :
weekly ma(200) 1.54
Posted by George on :
Sorry guys but I have lowered my re-entry to the 1.20 range. 1.70 came too fast and it looks to go a lot lower. I will be watching closly.
Posted by Pagan on :
Added another swing position here spread across the low $1.60's.
Posted by Edster on :
quote:Originally posted by George: Sorry guys but I have lowered my re-entry to the 1.20 range. 1.70 came too fast and it looks to go a lot lower. I will be watching closly.
Ouch!!! If it gets down to the 1.20 level I'll only need a $1.60 price increase just to breakeven.
Posted by imakmony2005 on :
Got 500 more at 1.64. Next buy set at 1.44 Hope i dont get it.
Posted by imakmony2005 on :
Man blood bath.
Posted by Pagan on :
quote:Originally posted by imakmony2005: Man blood bath.
True. But if it hits the low $1.40's, I'll be adding another swing position!
Posted by Pagan on :
FYI, I'd look for GTE to make their AMEX required response to the MF article AH today, or pre-market Monday. Should kick off a relief rally when that occurs. GLTA!!
Posted by imakmony2005 on :
Thanks Pagan. Heck might get something going right here.
Posted by stockaholic on :
I think your dead on Pagan. They can't let this just fall without a response any longer. I suspect something is being written up right now. I'm couldn't wait anymore...back in at 1.67. I would say look for low 2's easy on Monday.
Posted by Pagan on :
quote:Originally posted by stockaholic: I think your dead on Pagan. They can't let this just fall without a response any longer. I suspect something is being written up right now. I'm couldn't wait anymore...back in at 1.67. I would say look for low 2's easy on Monday.
Actually they don't have a choice in the matter of responding, it's an AMEX regulation.
From the AMEX: Clarification or confirmation of rumors and reports: Whenever a listed company becomes aware of a rumor or report, true of false, that contains information that is likely to have, or has had, an effect on the trading in its securities, or would be likely to have a bearing on investment decisions, the company is required to publicly clarify the rumor or report as promptly as possible.
Posted by stockaholic on :
Thanks for the info...well I would think it has to be coming at the latest Monday morning the way things are going. That will surely cause a jump back into the 2's.
Posted by ladybird on :
Thanks for that bit of info Pagan - valuable.
Posted by imakmony2005 on :
Looking up. EOD RUN??
Posted by imakmony2005 on :
Cant wait to see what this does monday.im thinking UP.
Posted by Dustoff101 on :
Hey folks! Watcha think?
How bad is the dilution and Motley Fool hurting this thing?
$1.35 Monday? or $2.25?????????
Posted by imakmony2005 on :
2.25 i hope are higher, Huff has got to put out something. Sells and Buys set and ready.
Posted by jps on :
GlobeTel Communications Updates Status of Joint Venture with LLC Internafta
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--March 13, 2006--GlobeTel Communications Corp. (AMEX:GTE) today provided a brief update on the status of the Russian network negotiations.
CEO Timothy Huff stated, "On March 2, we advised our shareholders that Internafta requested an additional delay in the closing of the funding until the week of March 6. Since then, GlobeTel has provided Internafta and its banks with a significantly expanded business plan outlining in detail the company's program for equipment manufacturing, delivery, installation, testing, monitoring, staffing, progress payment requirements, and other pertinent information. Internafta advised us that its funding has been approved by its bank syndicate, subject only to the bank's final review and analysis of this GTE business plan.
"Although the contract signed between GlobeTel and Internafta did not specify such a financing of Internafta's funding obligation, and while GlobeTel did not anticipate that such a financing by Internafta would emerge as it has, we have agreed to a continuance of the contract with Internafta until the end of this week, pending a final decision by Internafta's bank regarding a funding commitment secured by Internafta's assets.
"Should such a funding commitment not be forthcoming by the end of this week, or unless the banking syndicate provides written assurances to GlobeTel of the imminent delivery of such commitment, GlobeTel will have no choice but to exercise its right to default the contract for non-payment. This outcome would be unfortunate given the time and effort that our entire staff has dedicated to this transaction. However, we're committed to more than twenty other GlobeTel Wireless network projects requiring our time and attention. Further delays in the closing of the Internafta transaction would only serve to distract our team from these immediate opportunities."
Posted by jps on :
Sorry--that's not new--but, it says that they would have to end the contract if they didn't get payment by the end of the week. Should we assume they canceled the deal, and are just not saying anything now?
Posted by imakmony2005 on :
No, They gave them more time.Going up!!!!!!!!
Posted by ladybird on :
News!
GlobeTel Communications Launches Travelex Money Remittance Service
GTE, , ) announced that it has launched its money remittance service program offered in conjunction with Travelex Currency Services, Inc., as previously planned. GlobeTel's technology has been deployed to enable remittance functions through Fidelity Express, a national leader in money order generation and walk-in bill payment solutions with a growing merchant base of more than 5,000 locations in 22 states.
Fidelity Express accepts payments through authorized retailers, primarily supermarkets and convenience stores, on behalf of utility companies such as Reliant Energy, TXU, Verizon, Atmos Energy, Westar Energy, Alabama Gas Company, Centerpoint Energy, Garland Power and Light, AquaSource, Northland Cable TV, Vycera Communications; municipalities such as City of Lake Worth, FL, City of Lakeland, FL, City of Atlanta, GA, City of Dallas Water; and government services such as Texas Child Support.
"Fidelity Express' locations provide an excellent built-in money transfer agent network for our state-of-the-art technology, which is part of the Travelex Money Transfer program," stated Timothy Huff, CEO of GlobeTel. "The rollout of our remittance technology helps Fidelity Express retain its leadership position in this fast-growing segment of commerce. Creating a one-stop shopping experience for our customers is consistent with the GlobeTel mission of providing unmatched expediency and convenience for anyone, anywhere at any time. This consistency follows through from our communications platforms and delivery systems to our remittance technologies."
Pat Odom, Division Manager of Fidelity Express, added, "Offering money remittance adds a product to our services that exactly meets the needs of many of our current customers and will attract many new customers to Fidelity Express locations, further increasing customer traffic and generating additional revenue for our retailers. Money orders, in-person bill payment and other Point Of Sale financial services offer a valuable service to consumers, while at the same time help to increase customer traffic and generate additional revenue for our retailers. Industry reports indicate that at least 20 percent of the U.S. population pays its bills in person in retail locations around the country. One of our payment location providers, the second largest supermarket chain in North America, reports 66 percent of all people who come into its stores to pay their bills buy something."
Posted by DWS on :
Back in at 1.70.... I think this will be moving up over the next couple of weeks...
Posted by Edster on :
Well it looks to me like the Russian deal is DOA. Back on 13 March Huff gave the Russians until the end of THAT week to to pay-up or the deal would be cancelled. Guess what --- here it is the 18 April and GTE hasn't let anyone know what the acutal status is. Is it cancelled or what???? If GTE gave them "more time" why hasn't it be made known. What is the deadline now - if there is a new one??? The lack of information leads me to believe that the deal is DEAD and GTE is just not admitting it. Once they do - watch out, this stock will really drop!!!!!!!
Posted by Pagan on :
quote:Originally posted by Edster: Well it looks to me like the Russian deal is DOA. Back on 13 March Huff gave the Russians until the end of THAT week to to pay-up or the deal would be cancelled. Guess what --- here it is the 18 April and GTE hasn't let anyone know what the acutal status is. Is it cancelled or what???? If GTE gave them "more time" why hasn't it be made known. What is the deadline now - if there is a new one??? The lack of information leads me to believe that the deal is DEAD and GTE is just not admitting it. Once they do - watch out, this stock will really drop!!!!!!!
There was an additional PR after the 3/13 PR.
GlobeTel to Revise Payment Terms of Agreement with Internafta, Extend Time for Payment FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--March 17, 2006--GlobeTel Communications Corp. (AMEX:GTE) today announced that based upon differences between the Company and Internafta on the financing process, the parties have agreed to revise their agreement to more accurately reflect the timing of payments GlobeTel expects to receive for the build out of the 30 city wireless network in Russia and allow Internafta additional time to begin making payments.
Internafta has informed GlobeTel that its bank recommends that smaller, more frequent, progress payments be established so that the necessary staged payments can be delivered to GlobeTel as and when the network is delivered and installed. These smaller, more frequent, staged payments do not reduce the total capital value of the agreement with GlobeTel Wireless or change any other terms of the agreement. GlobeTel will still receive $600 million for deployment of the network. The exact amount of the new proposed initial deposit, and the size and timing of the new proposed progress payments, will be discussed and agreed with GlobeTel once the bank has completed its due diligence and when the bank group formally accepts the terms of Internafta's proposed banking instrument.
The December 2005 contract called for four equal payments of US$150 million each, of which the first payment, representing an initial deposit, was to be received by GlobeTel in January 2006. On January 23, 2006, Internafta presented to GlobeTel a document represented to be a Standby Letter of Credit drawn on Banco do Brasil S.A. (Rio de Janeiro) in the amount of $300 million. This Standby Letter of Credit was provided to facilitate the first phase of the network construction. The banking instrument had a maturity date of two years and needed to be confirmed and accepted by a correspondent bank before GlobeTel could receive any funds from the instrument. The terms and conditions of what constituted an acceptable and functional banking instrument as it related to the December 2005 contract became a matter of interpretation between the parties. After extensive negotiations, Internafta agreed to take sole responsibility for facilitating the financing of their banking instrument in order to be able to present readily-available funds to GlobeTel.
Timothy Huff, CEO of GlobeTel stated, "We are in constant communication with Internafta and believe that so long as we feel they are continuing to work in good faith and so long as substantive progress is being made on the transaction, it is in the best interests of GlobeTel and its shareholders to allow the process to continue to its ultimate conclusion. This is a very large transaction that requires solutions to many commercial issues, the implementation of tailored banking facilities, and the conformance to many international treaties, regulatory requirements and legal matters. The parties continue to work in good faith and remain committed to building a state-of-the-art wireless network in Russia. We feel that the process must be given every reasonable opportunity to succeed given the commercial stakes involved."
GlobeTel is in regular contact with Internafta, both in person and via a series of telephone conference calls, concerning the progress of the transaction. Floyd Bradley, Managing Director of GlobeTel Wireless, met with Maxim Chernizov, the Director General of Internafta, on March 13th and again on March 15th in Germany in order to represent GlobeTel's interests in the ongoing banking process.
During those discussions, Internafta informed GlobeTel that its banking instrument is being syndicated by a consortium of banks and that the lead institution is a major European bank, instead of the bank that GlobeTel had started the process with. Internafta has stated that the banks have successfully completed their due diligence regarding the underlying assets of Internafta's shareholders that collateralize the banking instrument. The remaining financing procedures are now under the control of the lead bank, and GlobeTel has been told by Internafta that all financial institutions involved in the syndication process are attempting to facilitate the transaction on a "time-is-of-the-essence" basis.
However, Internafta has also informed GlobeTel that the lead bank requires additional time in order to secure an external expert opinion to verify both the feasibility of, and GlobeTel's ability to implement, the business plan for the Russian network. GlobeTel has been told that the bank and its external expert advisors are currently evaluating the business plan that was developed by GlobeTel as part of the commercial justification of the planned Russian network. This expanded version of the business plan was recently delivered to Internafta as required by the lead bank's project financing and due diligence process.
Posted by DWS on :
1.75
Posted by imakmony2005 on :
WE WILL GO GREEN.
Posted by Frank Richards on :
GTE should be a good buy in the $0.45-$0.70 range. Thinking of picking some up if it gets that low.
Posted by jordanreed on :
moron
Posted by Frank Richards on :
Should be a good short for the time being though
Posted by jordanreed on :
case closed
Posted by BuyTex on :
Frank, you seem to be a "metals" guy, judging from your past posts. Wondering why you show up here antagonizing? Just FYI, "having fun" is cool...being belligerent? not so much...
Posted by deepockets on :
Just remember this. People and places like Motley Fool shoot their mouths offs about a stock to feed two things...their insatiable ego or their pocketbook. Places like Motley Fool have to draw attention because the people that pay them, look at the size of the audience they have. The larger the audience the bigger the contract. More people come to see a guy that's just fallen 10 stories than a boyscout helping an old lady across the street. Negative sells more than positve, period. Always has, always will. Take what these negative guys are saying with a grain of salt. If you did DD before you invested, than your decision to trade GTE is probably more solid than you think. Trading is a numbers thing not an emotional thing. I make money when I work the numbers and lose almost every time I get emotional. Good luck to everyone. Holdin' big for big things to come!
Posted by jordanreed on :
nice post!!
Posted by DWS on :
Frank your nuts....
Posted by Edster on :
Does anyone have any thoughts as to when (and if) GTE will issue a reclama against that latest Fool's article which sent GTE into a nosedive?
Posted by stockaholic on :
According to Pagan, and AMEX, they are required to respond to it. I would have thought that would have been addressed already. Should be back in the mid-2's right now.
Posted by deepockets on :
What is this all about? I got this off of a news site and don't quite understand if it's good or bad. Any thoughts on this?
Apr 18, 2006 (M2 PRESSWIRE via COMTEX) -- www.**********, announced today that these select companies have been on the NASDAQ, AMEX and NYSE naked short threshold list for 13 consecutive trading days: GlobeTel Communications Corp. (AMEX: GTE), Cytori Therapeutics Inc (NASDAQ: CYTX), iPhone2, Inc (OTC: IPHN), GameTech International, Inc. (NASDAQ: GMTC), AlphaRx, Inc (OTCBB: ALRX), Cortelco Systems Puerto Rico, Inc. (OTCBB: CPROF) For a complete list of companies on the naked short list please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to www.**********. Regulation SHO took effect January 3, 2005, and provides a new regulatory framework governing short selling of securities. It was designed with the objective of simplifying and modernizing short sale regulation and providing controls where they are most needed. At the conclusion of each settlement day, data is provided on securities in which: 1) there are at least 10,000 shares in aggregate failed deliveries for the security for five consecutive settlement days, and 2) these failures constitute at least 0.5% of the issuer's total shares outstanding. Regulation SHO mandates that, if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent, and the broker/dealer it clears for, must purchase securities to close out its fail to deliver position.
GlobeTel Communications Corp. (AMEX: GTE) provides an integrated suite of telecommunications products and services, utilizing Stored Value, Voice over Internet Protocol, and wireless access technologies. Its core products and services are telephony services that include international wholesale carrier traffic; networks; and enhanced services, such as prepaid calling services and IP telephony. The company's nontelephony products and services consist of Stored Value Card programs and outsourced Stored Value services, such as prepaid long-distance and international calling services, debit card electronic bank accounts, and funds sharing services for the international banking and telecommunications community. GlobeTel's Super Hub network, which is in development, is a national wireless broadband network utilizing high-altitude airships called Stratellites that would be used to provide wireless voice, video, and data services. The company's operations exist in Asia, Europe, South America, Mexico, and the Caribbean. GlobeTel was founded in 2002 and is based in Pembroke Pines, Florida. With 80.7 million shares outstanding and 6.61 million shares declared short as of March 2006, the failure to deliver in shares of GTE has not been resolved and a buy-in is imminent.
Posted by deepockets on :
Another thing about Motley Fool. No Credibility! Stop for minute and ask yourself...If you were going to take the advice of anyone on whether to invest in GTE, would you listen to Motley Fool or would you listen to the contact people from coutries like Russia, Mexico Phillipines, Finland, Norway, etc. These companies could do business with any company in the world, and who have they contacted and negotiated with...GTE. Yes, GTE, I'll say it again, GTE (You know the one. The one Motley Fool commented that "this little company from Florida with such small sales") Don't you think all these companies did their DD before they talked to GTE. I would think they have resources far greater than Motley Fool to investigate the company, and the repercussions for making a bad decision are far greater also. Like I said "credibility", I'll put my money on any of those countries research rather than Motley Fool's. Also the comment about Motley Fool looking out for shareholders. BS, BS, BS! How does driving the price down for the many people that were shareholders help them? Now the pps is down $.50 - $1.50 for a lot of them. Yeah, he really helped them out. That's what I mean. Step back and take a look at these negative people and find their motive or try to punch holes in their comments. If you can't, they may be valid but 9 times out of 10 their benefitting themselves in some way. Good luck!
Posted by Pagan on :
quote:Originally posted by deepockets: What is this all about? I got this off of a news site and don't quite understand if it's good or bad. Any thoughts on this?
Apr 18, 2006 (M2 PRESSWIRE via COMTEX) -- www.**********, announced today that these select companies have been on the NASDAQ, AMEX and NYSE naked short threshold list for 13 consecutive trading days: GlobeTel Communications Corp. (AMEX: GTE), Cytori Therapeutics Inc (NASDAQ: CYTX), iPhone2, Inc (OTC: IPHN), GameTech International, Inc. (NASDAQ: GMTC), AlphaRx, Inc (OTCBB: ALRX), Cortelco Systems Puerto Rico, Inc. (OTCBB: CPROF) For a complete list of companies on the naked short list please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to www.**********. Regulation SHO took effect January 3, 2005, and provides a new regulatory framework governing short selling of securities. It was designed with the objective of simplifying and modernizing short sale regulation and providing controls where they are most needed. At the conclusion of each settlement day, data is provided on securities in which: 1) there are at least 10,000 shares in aggregate failed deliveries for the security for five consecutive settlement days, and 2) these failures constitute at least 0.5% of the issuer's total shares outstanding. Regulation SHO mandates that, if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent, and the broker/dealer it clears for, must purchase securities to close out its fail to deliver position.
GlobeTel Communications Corp. (AMEX: GTE) provides an integrated suite of telecommunications products and services, utilizing Stored Value, Voice over Internet Protocol, and wireless access technologies. Its core products and services are telephony services that include international wholesale carrier traffic; networks; and enhanced services, such as prepaid calling services and IP telephony. The company's nontelephony products and services consist of Stored Value Card programs and outsourced Stored Value services, such as prepaid long-distance and international calling services, debit card electronic bank accounts, and funds sharing services for the international banking and telecommunications community. GlobeTel's Super Hub network, which is in development, is a national wireless broadband network utilizing high-altitude airships called Stratellites that would be used to provide wireless voice, video, and data services. The company's operations exist in Asia, Europe, South America, Mexico, and the Caribbean. GlobeTel was founded in 2002 and is based in Pembroke Pines, Florida. With 80.7 million shares outstanding and 6.61 million shares declared short as of March 2006, the failure to deliver in shares of GTE has not been resolved and a buy-in is imminent.
It relates to naked shorts, or illegal shorting.
Posted by deepockets on :
So does reflect something good or bad for GTE?
Posted by Pagan on :
quote:Originally posted by deepockets: So does reflect something good or bad for GTE?
It's never a good thing to be the victim of naked shorting. But, the RegSho list is designed to force the naked shorters to cover their positions. Not really a huge issue, but one to take note of.
Posted by BuyTex on :
Some folks believe SHO a good thing, in that a squeeze will come as shorts cover...
Posted by deepockets on :
Thanks for the info!
Posted by Pagan on :
I'm liking the support here over the last few trading days. I would look for news to drive a serious uptrend any day now IMO. GLTA!
Posted by deepockets on :
Another tidbit about GTE. I've been working on a geneology project for my family and have been talking to a girl from Lithuania. Her brother works for one of the largest cell phone comapanies in Europe. He primarily works in Finland, Norway, and Sweden. The terrain there is such, that conventional towers don't work well. They heard about and are strongly considering GTE's solutions for this problem. GTE apparently has solutions that not many other or maybe no other companies have. This imo makes this company unique and valuable. One other thing, usually when I do DD on a company there is always talk about competition. Somewhere you find something about another company that could possibly make it tough for Company "A" to do business or they are 6 months behind in development, or something. Maybe I missed it, but I have not seen anything about any other company trying to do the "Stratalite " thing. If you have seen it, please post it. I'd be interested. Like I said, all these countries can't be wrong. JMO
Posted by jordanreed on :
you are one smart dude...makes sense
Posted by imakmony2005 on :
holdem
Posted by Edster on :
Looks like there has been some accummulating going on with GTE stock over the last couple days. Good volume and narrow price band. Seems like everyone is getting ready for something positive to happen here IMO.
Posted by B-Man on :
I HOPE SO !!!!!! someone throw us a rope.What about the come back statement to the MF raping of GTE??????
Posted by Pagan on :
quote:Originally posted by B-Man: I HOPE SO !!!!!! someone throw us a rope.What about the come back statement to the MF raping of GTE??????
Dunno why there wasn't a response. Amex 401c stipulates that a response is necessary, unless maybe the single day drop did not meet the mandatory threshold. With the amount of time that has elapsed, I tend to doubt a response to the MF article is forth coming. Maybe better to let sleeping dogs lie anyway at this point. Best response they can put out is to produce more revs/profits IMO.
Posted by imakmony2005 on :
Just an FYI a buddy call I.R and was told there will be no response to the fool and they had alot of news in the pipeline whatever that means.
Posted by Pagan on :
quote:Originally posted by imakmony2005: Just an FYI a buddy call I.R and was told there will be no response to the fool and they had alot of news in the pipeline whatever that means.
Good to hear if accurate. I'd much rather see positive news, than a response to negative article. GLTA!
Posted by imakmony2005 on :
YEP. CHIT i forgot the best part he said the russian deal is not even dead, they need to change gold in for cash are something like that, pagan you should call.
Posted by Dustoff101 on :
Onward! many march to the tune of the " Bid and Ask "....
Makes no matter if these tools we work with are most likely " Fixed by the wholesalers of stock ", in "general terms", many slimy company officers are involved as well...
Most traders deal in retail..The ones who do not? well, use your imagination..
Every morning we see the parade of Crooked company officers and stock brokers being paraded before us, going into court rooms and off to jail.........
Anybody whom believes this stock game is somehow " Honorable " is doing some serious lying to themselves.
Face the facts, there is far more losers in trading than winners.
The " Professional Pumping machines " and the amateur pumpers are really amusing..
Point to all of this? Do not feel you are involved in the Noble cause of capital ventures, you generaly speaking, are not.
The funny thing is people actually believe they are buying at wholesale when they buy on the Bid...LMAO
Posted by Pagan on :
quote:Originally posted by imakmony2005: YEP. CHIT i forgot the best part he said the russian deal is not even dead, they need to change gold in for cash are something like that, pagan you should call.
Actually, I had an email exchange with GTE IR yesterday. Rob Bleckman said that the new revamped Sanswire website would definitely be up within the next few days. Couldn't get him to say if there would be some new pics or not. In a previous email he did say that the Russian deal was still live and under review by the Bank consortium's outside technology expert. So I assume a resolution is still in the cards per the Russia deal, but i'd not try to put a timeline to it.
Posted by Pagan on :
quote:Originally posted by Dustoff101: Onward! many march to the tune of the " Bid and Ask "....
Makes no matter if these tools we work with are most likely " Fixed by the wholesalers of stock ", in "general terms", many slimy company officers are involved as well...
Most traders deal in retail..The ones who do not? well, use your imagination..
Every morning we see the parade of Crooked company officers and stock brokers being paraded before us, going into court rooms and off to jail.........
Anybody whom believes this stock game is somehow " Honorable " is doing some serious lying to themselves.
Face the facts, there is far more losers in trading than winners.
The " Professional Pumping machines " and the amateur pumpers are really amusing..
Point to all of this? Do not feel you are involved in the Noble cause of capital ventures, you generaly speaking, are not.
Are you on the right thread Dusty? Sounds like something more apt for the Off-Topic forum.
Posted by imakmony2005 on :
Hell im here to take someones money.lol
Posted by Dustoff101 on :
Pagan, nope..
Just pointing out this stock will probably run like hell again, regardless of the fact that it may be " dirty as hell ".
Posted by Dustoff101 on :
quote:Originally posted by imakmony2005: Hell im here to take someones money.lol
-----------------------------------------------
LOL, I strongly advise you to take your profits..
I've already survived a bursting bubble..
Watch out!!! for a early to mid summer crash.. All the markets are severely overbought..
Even strong fundamentals won't help..
Posted by imakmony2005 on :
Lets see Dust, Im long and think i will see above 3.00 sooner then later. MARK THIS POST.
Posted by Pagan on :
quote:Originally posted by Dustoff101: Pagan, nope..
Just pointing out this stock will probably run like hell again, regardless of the fact that it may be " dirty as hell ".
Then we have a difference of opinion.
[ April 20, 2006, 20:55: Message edited by: Pagan ]
Posted by Dustoff101 on :
quote:Originally posted by imakmony2005: Lets see Dust, Im long and think i will see above 3.00 sooner then later. MARK THIS POST.
The Big ole fat Bear hibernates during Winter, cozy in his Condo at the Beach..
The Bull? he gets skinny trying to live on snow..
Posted by imakmony2005 on :
LOL,YEP
Posted by Dustoff101 on :
quote:Originally posted by Pagan:
quote:Originally posted by Dustoff101: Pagan, nope..
Just pointing out this stock will probably run like hell again, regardless of the fact that it may be " dirty as hell ".
Then we have a differnece of opinion.
------------------------------------------------- Pagan, plain and simple, I just can't let myself trust the Russkies.. Narrow minded? You Betcha..
Posted by Pagan on :
quote:Originally posted by Dustoff101:
quote:Originally posted by Pagan:
quote:Originally posted by Dustoff101: Pagan, nope..
Just pointing out this stock will probably run like hell again, regardless of the fact that it may be " dirty as hell ".
Then we have a differnece of opinion.
------------------------------------------------- Pagan, plain and simple, I just can't let myself trust the Russkies.. Narrow minded? You Betcha..
True, I feel your pain on the lethargy of the Russian deal. But that is only one facet of the 5 GTE business divisions. They are still moving forward, even without the Ruskies at this point. But the main point is, there is a God awful amount of money to be made playing the volitility of GTE. GLTA that choose to play Posted by Pagan on :
Florida Firm Testing "Stratellites" For Imaging, Telecom
By PETER B. de SELDING Space News Staff Writer posted: 06 April 2006 11:11 am ET
A small Florida company is flight testing a line of high-altitude airships, or what it calls “stratellites,” this year and has attracted tentative support from Raytheon to develop airships for military and civilian telecommunications and observation.
Sanswire Networks LLC, a subsidiary of GlobeTel Communications Corp. of Fort Lauderdale, Fla., already has tested its first prototype airship and expects an evolved model to be flight tested in June from Edwards Air Force Base, Calif. The June test is designed as a technology demonstrator as Sanswire perfects the design of its product.
Sanswire President Robert A. Jones said March 31 that the company’s Sanswire 2 vehicle, measuring 38 meters long and 8 meters wide, will attempt to position itself at 6,858 meters in altitude for periods of at least several hours, and perhaps overnight.
Tests of the first prototype, Sanswire 1, were conducted in May 2005 in Florida, and an initial floating test of Sanswire 2 was completed Feb. 28 in Palmdale, Calif.
GlobeTel has invested about $2 million so far in direct financing of Sanswire’s technology. Its system resembles work being done for the U.S. Missile Defense Agency by Lockheed Martin Corp. Lockheed Martin in December won a $149.2 million contract to deliver a prototype High Altitude Airship in 2009.
Sanswire is testing now, and as of yet it has received “not a penny” of funding from the U.S. Defense Department or the Missile Defense Agency, Jones said. The company has elicited interest from government agencies in Colombia and Chile, which would like to use a high-altitude system to provide broadband communications links in rural areas for far less cost than a satellite system, and for border surveillance.
“We are absolutely not going after the satellite market,” Jones said. “We think we are complementary to it, just as we are complementary to UAVs [unmanned aerial vehicles].”
Frank R. Prautzsch, director of network centric systems in Raytheon’s Rapid Initiatives Group in Marlborough, Mass., said Raytheon has looked at Sanswire’s system and thinks it shows promise.
“Raytheon is indeed interested in near space and the abilities that platforms such as Sanswire’s offer to future missions,” Prautzsch said. “This is particularly true in wireless communications, C2 [command and control] sensors and meteorological systems as they relate to defense and homeland security missions. Near space offers great opportunities for space and aerospace technology convergence.”
When Prautzsch refers to “near space” he is referring to altitudes of between 19,800 and 99,000 meters — an area beyond regulatory flight control, much as are orbital altitudes. “Right now it’s a dead zone as far as utilization, but believe me, people are looking at it.”
The Sanswire stratellite is designed ultimately to remain over a given zone for up to 18 months without descending. Sanswire officials, presenting their technology March 9 during the SMi Milspace conference in Brussels, said a single stratellite could blanket a near 326,000-square-kilometer area with telecommunications.
Company officials also demonstrated the use of sensors to monitor illegal immigration and provide battle-zone coverage.
Jones said exporting a Sanswire airship would be covered under U.S. International Traffic in Arms Regulations both because of the wireless technologies it employs and because it is classified as an unmanned aerial vehicle. He said Sanswire would lease, not sell, the ships to non-U.S. users.
Things are looking up this morning....
Posted by Edster on :
WOW - interesting L2 -- AMEX is sitting on a bid of $1.70 for almost 100,000 shares. They must be trying to drive the price down. That bid has been sitting there for about an hour.
Posted by Pagan on :
Interesting article about the Russian deal.
GlobeTel postpones network construction in Russia
MOSCOW. April 21 (Interfax) - GlobeTel Communications Corp. of the United States has postponed the launch of a major project to build a wireless Internet access network in 30 Russian cities from April to May, a source close to the company told Interfax.
The cause of the delay is that GlobeTel's Russian partner - Internafta, has not provided the money necessary to fund the first stage of construction, he said.
The project to set up DECT high-speed Internet and mobile telecommunications access requires $600 million. The first $150 million tranche should have been received in January 2006. The company announced a delay in payment several times, after which agreement terms were changed. The companies decided to break up the payment into several smaller tranches, but none of these has been made yet.
GlobeTel has received every guarantee that the money will be paid soon, the source said.
"We are sure that everything is in order. Banks have provided every guarantee that the money will be paid. GlobTel expects this to happen within two to three weeks," he said.
Interfax was unable to contact any Internafta representatives.
GlobeTel announced at the end of December 2005 its plans to set up WiMAX, WiFi and DECT services in Russia, using base stations inaerostats. Construction was to get underway in April.
The company applied to the Russian Telecommunications Ministry to have its equipment certified in Russia, but applications for a telecom services license and the necessary frequencies have not yet been submitted.
A source in the company told Interfax that GlobeTel received assurances from Telecom Ministry officials that there would be noproblem with the frequencies.
Representatives from Russian companies implementing similar projects to build WiMax networks in Russia have talked about the expense of such a project and unsubstantiated difficulty. Enforta, which is building a WiMax network in 28 Russian cities, estimates its spending at just over $54 million.
"Covering the planned number of subscribers using aerostats located 22-25km above ground, requires large frequency resources, which just do not exist," Enforta Marketing Director Oleg Tainov said. "The problem of aerostat stabilization for antenna systems to work from them has not yet been resolved. Using traditional technology with base stations for WiMax in towers enables such a project to be implemented for 10 times less investment," he said.
Following the announcement of its construction plans, the company's shares, quoted on AMEX, almost doubled to $3.68 from $2.03. Quotes jumped to $4 during trading and more than 23 million shares were traded, which is considerably higher than the company's usual indicator
GlobeTel capitalization at close of trade on Thursday was about $176 million. Shares cost $1.72. The company posted net losses of $31.9 million in 2005, against $13 million the previous year. Revenue almost tripled to over $81 million in 2005 from $29 million. me
Posted by imakmony2005 on :
hmm just might pop.
Posted by deepockets on :
Good article Pagan!!
Posted by imakmony2005 on :
Holden its ground.
Posted by imakmony2005 on :
whoever picked a buy in at 1.70 sure was right.
Posted by Edster on :
We are probably just going to bounce between 1.65 and 1.70 here for a few weeks until either some more definitive info on the russian payment develops or other positive PR comes out. Looks like there is some accummulation going on here - could be a good sign.
Posted by DWS on :
1.71....s across the board
Posted by rimasco on :
OUCH!!
Posted by Opethian on :
upticking, something going on?
Posted by Peaser01 on :
What's up with this today?
Posted by Opethian on :
yah I can't find any news
Posted by jordanreed on :
it was recommended a buy, by DonHerrold.net ....whoever he is...
Posted by deepockets on :
Don Harrold is a stock commentary guy has a web site and gives free info on stock trading. I don't know if he knows what he's talking about but do your own DD on him. Also www.freerealtime.com is another good news source that I use.
Posted by jordanreed on :
Tiggs money flow chart shows positive ...
Posted by jordanreed on :
well..it was fun for a while...lol
Posted by deepockets on :
That it was JR. I hope to see more of it soon!
Posted by Pagan on :
Some nice movement today.
Posted by jordanreed on :
wheeee!!!!
Posted by imakmony2005 on :
1.91 and going up.nice
Posted by Edster on :
Hard to believe that a single "buy" recommendation from a "Don Harrold" would have such a positive impact of share price (up .20). Just evidence of the pent-up demand for buying shares. Buyers just needed any good news at all I guess. Imagine what a "buy" recommendation from a first tier analyst would do.
Posted by ladybird on :
Hard to believe is right. Gotta be something going on.
Posted by imakmony2005 on :
There must be something going on its just not out yet.imo
Posted by imakmony2005 on :
EOD RUNNER???Volume is getting up there whats up here??
Posted by imakmony2005 on :
Did a small up tick eod, HOD WAS 1.95, ITs AT 1.92 IN AH. hmm
Posted by BchOus on :
Hmmmm,wonder if the Russian Gold turned to cash and is in the bank....we just haven't heard about it as yet.
Posted by imakmony2005 on :
JUST MIGHT BE.
Posted by Edster on :
quote:Originally posted by BchOus: Hmmmm,wonder if the Russian Gold turned to cash and is in the bank....we just haven't heard about it as yet.
Doubt that was the cause of the move. Think it'll probably slowly drift back down again tomorrow.
Posted by imakmony2005 on :
I think we break 2 bucks today and close at just under 2.00 bucks. now lets see.
Posted by jordanreed on :
i like it..
Posted by Edster on :
quote:Originally posted by imakmony2005: I think we break 2 bucks today and close at just under 2.00 bucks. now lets see.
There doesn't seem to be anything pointing to a $2.00 price in today's action. In fact we will be lucky if we don't give up more than .15 of the gain we got yesterday.
Posted by imakmony2005 on :
will see.
Posted by Edster on :
quote:Originally posted by imakmony2005: will see.
Really hope you are right. Would be nice to close around 2.00 today.
Posted by Edster on :
quote:Originally posted by Edster:
quote:Originally posted by imakmony2005: I think we break 2 bucks today and close at just under 2.00 bucks. now lets see.
There doesn't seem to be anything pointing to a $2.00 price in today's action. In fact we will be lucky if we don't give up more than .15 of the gain we got yesterday.
Definitely looks like we won't see the $2.00 mark today - in fact we will loose more than the .15 i estimated earlier
Posted by Mysticobra96 on :
Good swing here from 1.73-1.94 wish I had the extra cash!
Posted by George on :
Get ready for the dive come Monday morning...
Sarraf Gentile LLP Files Securities Class Action Against GlobeTel Communications Corp. Friday April 28, 4:10 pm ET
NEW YORK, NY--(MARKET WIRE)--Apr 28, 2006 -- On March 28, 2006, the law firm of Sarraf Gentile LLP commenced a securities fraud class action lawsuit on behalf of those investors who acquired the securities of GlobeTel Communications Corp. (AMEX:GTE - News) during the period December 30, 2006 to April 11, 2006. The lawsuit is pending in the United States District Court for the Southern District of Florida and names as defendants GlobeTel and certain of its top ranking executives.
According to the complaint, the Defendants issued several statements during the Class Period which touted the consummation of a $600 million deal with a Moscow-based company named LLC Internafta to install wireless networks in Russia's 30 largest cities. The complaint alleges, however, that the Russian deal, like so many of GTE's other business ventures, was in reality a sham.
Plaintiffs are represented by the law firm of Sarraf Gentile LLP and Shalov Stone & Bonner LLP, which have extensive experience in the prosecution of class actions on behalf of investors.
If you bought the securities of GTE between December 30, 2006 to April 11, 2006, you may, no later than 60 days from today, move the Court to appoint you as lead plaintiff, a representative party that acts on behalf of other class members. The Court must determine whether the class member's claim is typical of other class members' claims, and whether the class member will adequately represent the class. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Sarraf Gentile LLP, Shalov Stone & Bonner LLP, or other counsel of your choice, to serve as your counsel in this action.
If you would like to participate in this action or would like additional information about the lawsuit, please contact Joseph Gentile at Sarraf Gentile LLP, 485 Seventh Avenue, Suite 1005, New York, New York 10018 (telephone: 212-868-3610; e-mail: joseph*sarrafgentile.com).
Posted by charger on :
I think Cramer would call this a "House of Pain"... there is a lot of digging out that has to be done here
Posted by Pagan on :
That "lawfirm", and I use the term loosely, are nothing but ambulance chasers looking for a lead plaintiff. Google them, they've filed like 4 other class actions this month. LOL. Though this could provide a phenomenal buying opportunity Monday for those with the testicular fortitude to play the volitility. GLTA!!!
Posted by Edster on :
Well this is depressing as hell - there goes the weekend
Posted by imakmony2005 on :
ya, monday should be something. closed at 1.55 A/H.
Posted by imakmony2005 on :
Wrong A/H close was 1.46. MOMMA
Posted by imakmony2005 on :
MOMMA??
Posted by Thorn on :
Between December 30, 2006 to April 11, 2006? Lol. Ok, typo?
Posted by Peaser01 on :
Pre Market Bid 1.50 Ask 1.55 *8:53AM 05/01
Posted by stockvaper on :
The lawsuit is based on the Russian deal being 'a sham'. If the payment schedules and amounts were just changed (which is what GTE PR'd), then the lawsuit will be dropped. I don't see this lawsuit going anywhere unless Huff and others just pulled this idea of a Russian deal out of their a$$, in which case they would deserve to lose in court. However I highly doubt that is the situation. GLTA.
Posted by jps on :
GlobeTel Declares Formal Default by Internafta!
Posted by Dustoff101 on :
Well, I have one thing to say......I told you so.
I have not trusted this deal, management, or the blimp for over a year..I have repeatedly warned.
Posted by jps on :
Hope everyone's having a great worst day ever! Posted by 4Tune4Me on :
GlobeTel Communications Corp. has added a news release to its Investor Relations website. Title: GlobeTel Declares Formal Default by Internafta
Date: 5/1/2006 9:42:00 AM
Posted by Dustoff101 on :
quote:Originally posted by Dustoff101: Well, I have one thing to say......I told you so.
I have not trusted this deal, management, or the blimp for over a year..I have repeatedly warned.
------------------------------------------------
Last time folks...Listen up.
You have NO idea what kind of people you are giving your money to..
If you do know, and don't care? Well you just got what you deserve.!
Posted by Pagan on :
quote:Originally posted by Dustoff101: Well, I have one thing to say......I told you so.
I have not trusted this deal, management, or the blimp for over a year..I have repeatedly warned.
LOL. Fantastic time to load new swing positions. Never fall in love with a company Dust. Play the market to make money. GLTA!
Posted by Dustoff101 on :
OK, LOL
Posted by maumee river rat on :
This thing is gettin hit pretty good isn't it.. Looks to be getting to a good bounce point on the chart.. Might be a good tome for a quick swing.. Overall I have to agree with Dusty on this one.. Be carefull..
Posted by George on :
Ah come on dust....they will prove it was not a sham....I am sure they have some signed documents...I think they were being had by the russian.
Posted by stockvaper on :
Original posted by Dustoff: You have NO idea what kind of people you are giving your money to..
LOL....Maybe I should give my money to Ford or GM?
Posted by Dustoff101 on :
George, oh tah, I guess I don't want to pizz Ivan off to much...I'm an easy target for one of those missing A-Bombs...
I've got a cold Ocean in front of me and a mountain behind!
Posted by Opethian on :
quick newbie question, is what I see on todays chart a bear flag?
Posted by imakmony2005 on :
Its still going dust and we said what first $ 1.00 or $3.00 i still say $3.00. But thanks for a kick in the AZZ.LOL
Posted by deepockets on :
This may be a good or bad trade I don't know, but...there are a few things to remember. The Russians are always a risky group to deal with. The Russian deal was just one of many things GTE is working on. They do have other revenue streams. They are recognized and respected by the international communications community. Lawsuits like this happen all the time. Look on hte internet you will find plenty. Four companies that I have held stock in have been sued because the shareholders were looking for someone to blame for their bad trade. Again, maybe GTE is a dog. If it is, get out, use the money you still have and make a better trade somewhere else. You can't will this stock to the surface. I have not done a good job trading this stock myself, and the only one I can blame is me. Good luck...trade smart!
Posted by BchOus on :
The Berlin Wall came down 17 years ago....unless GTE is dealing with school children, they are dealing with the same "old guard" officials. We changed our thinking about the Russians, they did not change their thinking about us. Without a doubt they wanted something for nothing...
Posted by charger on :
Theres a reason why GTE was picked for this deal.... Of course the Russians thought they could get over
Posted by Dustoff101 on :
Ivan drinks to much Vodka! Then he trys to cheat at poker..People let him..
Posted by deepockets on :
According to Don Harrold, there are a lot of things that combined, gave him info, to issue a strong buy recommendation to GTE last week along with some other stocks. He said if those indicators remain where they were, then he'd stick to his recommendation. He did not seem to make much of the lawsuit. I think he picks a group and looks at the return of the group ("Don't put all your eggs in one basket" approach) So, for what it's worth, there it is.
[ May 01, 2006, 11:16: Message edited by: deepockets ]
Posted by deepockets on :
Take this for what it's worth. It's from the default announcement. "At this stage, therefore, GlobeTel feels it has pursued every possible avenue to assist Internafta in curing its default. Thus, it elected last week to formally conclude further efforts to salvage the Internafta transaction and to open itself up to new negotiations with other significant parties in Russia, including an important entity that has approached GlobeTel, regarding a wireless network installation in Russia."
Posted by BchOus on :
How do we find Don Harrold? Thanks
Posted by deepockets on :
donharrold.net I think. First read this. It has more content than GTE's pr had.
Just Say "Nyet" By Seth Jayson (TMF Bent) May 1, 2006
Let's not belabor the point, OK? No one should be shocked that GlobeTel (AMEX: GTE) finally announced the end of its much-discussed, supposedly $600 million Wi-Max deal with a group of Russians.
Investors who like a slick story but aren't as big on reading the details ought to learn a lesson as well. Toward that painful but noble goal, let's review, shall we?
Until late 2005, tiny GlobeTel was best known for its audacious claims about Internet blimps (which have yet to fly). At the end of December, GlobeTel said it had made a deal in Russia that would have vaulted it to the top tier of phone, Internet, and networking providers, joining the likes of Nokia (NYSE: NOK), Motorola (NYSE: MOT), Cisco (Nasdaq: CSCO), Avaya (NYSE: AV), Vimpelcom (NYSE: VIP), and Mobile Telesys (NYSE: MBT).
I was pretty skeptical, because, well ... when a company claims to have a single deal that's four times its market cap, that doesn't sound right. I took the time to do some digging, and it didn't take long to discover that big promises with little payoffs are quite common with GlobeTel, along with even stranger stories. Unfortunately, the mainstream biz press saw fit to engage in what typically passes for journalism: Parrot the press releases, make a few calls, quote a few talking heads.
Read all those filings? Run biographical searches of board and management on Yahoo! and the SEC website? Bah! All is well, right? Why be a Wilma Worrywart?
Because the writing was on the wall. And investor money was on the line, that's why.
Things started to fall apart months back, with delays. Then a final press release put the issue to rest, for a while. Then came the annual filing that shows just what lousy shape GlobeTel's finances are in, on the heels of a vague threat from GlobeTel's lawyers, which loosely translated to "Hey Fool, stop asking us questions." Meanwhile, it looked to me like far too many insiders were heading for the lifeboats, with a lot of director turnover, and share-sale statements that looked mighty odd for insiders in a company supposedly on the verge of profiting from so many great breakthrough deals.
Today, the final shoe dropped, with GlobeTel releasing a statement declaring a "formal default" by the Russians. It's worth a careful read, because it shows just how thin GlobeTel's previous claims look in comparison to this later version of the story. Take this gem: "Internafta subsequently delivered to GlobeTel terms of a US $300 million Letter-of-Credit on Banco do Brazil letterhead. It was thereafter determined by GlobeTel that the terms were not acceptable to any of GlobeTel's bankers."
It was thereafter determined that the terms were not acceptable? Why not? Are we talking about funny money here? Fake credit? Insufficient funds? What?
Or, more to the point, why release all the sunny PR beforehand if the financing -- as well as the detailed business plan, according to this latest release -- was still up in the air? I'm guessing that's just another one of those questions GlobeTel won't want to answer, but I'm hoping a few shareholders will ask it. (And since GlobeTel won't talk to me, feel free to send me the answer. My email's at the bottom of this article.)
The rest of the release looks like another excuse-o-rama to me, with the typical verbiage aimed at explaining how this certainly isn't GlobeTel's fault -- a bone tossed to the faithful. GlobeTel says it will "open itself up to new negotiations with other significant parties in Russia, including an important entity that has approached GlobeTel, regarding a wireless network installation in Russia."
I don't buy the last bit, but I do think it's possible that GlobeTel was outmaneuvered by the still-mostly-nameless Russian federation. But I won't be crying too many tears for GlobeTel managers and their $12 million worth of compensation last year -- on gross earnings of only $413,729.
The real victims in this ordeal are those unfortunate investors who loaded the boat on GlobeTel and believed in all that copious press back in the beginning of the year. The stock has tanked more than 60% since early January. Anyone who's tempted to get back into this game should take a hard look at the record, and take this advice, which was sent to me by a lawyer on behalf of the good folks at GlobeTel themselves: GOVERN YOURSELF ACCORDINGLY.
Seth Jayson knows it takes time, but he really does think investors ought to pay attention to minor details like SEC filings. At the time of publication, he had no positions in any company mentioned here. View his stock holdings and Fool profile here. Fool rules are here.
Posted by JHenry on :
It doesn't look like his article is having any effect at this point - still going up in after hours. I've been out of GTE since it was close to $4 the beginning of January and I sold everything - could not pass up todays prices and picked up 4000 shares at $1.42.
Posted by JHenry on :
Oops I spoke too soon - going back down.
Posted by imakmony2005 on :
ok thats it got my last 1000 shares lets go back up.now!
Posted by Edster on :
Rough times for GTE and I don't think it is over yet. Huff will have to pull a rabbit out of his hat to meet his performance objectives by end of June.
Posted by imakmony2005 on :
gotta stop crying on my keyboard.lol
Posted by BchOus on :
Has anyone else noticed the correlation of the stock dropping in price and a new employee coming on board? If I had time I would go back and check the charts with the news release of new personnel added. I think I noticed this before when they added prominent employees. Of course I could be wrong...have been before....
Posted by Edster on :
Lots of bad news happening over the last couple weeks. Lost almost a $1.00 in share price since begining of April. Motley Fools articles/fraud claims, lawsuits, Russian deal collapse, bad financials for CY2005. Could all this lead up to the possible de-listing from the AMEX??? That would drive the dagger thru the heart of all the GTE faithful of which I was one.
Posted by BchOus on :
Why would they add the new tech engineer for the Sanswire if they were going down the tubes? Why would anyone that brilliant be willing to join the company? I think this is a temporary setback..(Bad news comes in 3's)....so they will be up and running soon...I'm still holding for Sanswire launch in June
Posted by jordanreed on :
im holding till 10 bucks...
Posted by Edster on :
quote:Originally posted by jordanreed: im holding till 10 bucks...
Hope I can hang in there with you jordan but $10 is so FARRRRRRRR in the future. I'd be happy with $3 within a month.
Posted by Pagan on :
GlobeTel Communications Corp. Responds to Sarraf Gentile Lawsuit
FORT LAUDERDALE, Fla., May 04, 2006 (BUSINESS WIRE) -- GlobeTel Communications Corp. today stated that after a review of the complaint filed by Sarraf Gentile LLP, GlobeTel management and the company's attorneys have determined that the lawsuit is completely without merit and factually inaccurate. Timothy Huff, CEO of GlobeTel Communications Corp., stated, "After reviewing the press release and additional information concerning the Sarraf Gentile lawsuit, our Board concluded unanimously that not only is this a groundless suit that is designed to benefit no one but the litigators and those parties with whom the litigators appear to have conspired, but this is also a highly damaging act of libel perpetrated against GlobeTel and its more than 37,000 shareholders. Use of the word 'sham' in the Sarraf Gentile press release in connection to our dealings with LLC Internafta and to 'so many of GTE's other business ventures' is not only inaccurate but libelous, and will be dealt with accordingly. "Shareholders were openly solicited to join this suit by a known short seller of GlobeTel's stock. Furthermore," continued Mr. Huff, "it is our unequivocal position that the Sarraf Gentile lawsuit possesses not one shred of evidentiary support for any of its claims and that their action was motivated by a clear attempt to extort money from the company based on nothing more than the previously libelous articles spun by Motley Fool writer Seth Jayson. Indeed, those articles constitute the entire evidentiary basis of their claim. Our assumption of the lawsuit's reliance on Motley Fool articles was considerably strengthened when we learned that a Sarraf Gentile staffer commented to a GTE shareholder that the lawsuit was directly motivated by the Jayson articles. The disclaimer within the Motley Fool web site clearly states that not all of its writers know about the stock market and that it reserves the right to be 'wrong, stupid and even foolish.' The fact that this type of media outlet is mistaken for serious reporting is another issue entirely, but the fact that its content -- drafted by a completely uninformed freelance writer whose articles Motley Fool has posted on its public website -- is being used as the basis of a lawsuit is laughable. Yet it is simultaneously, a very sad commentary on the abuses to which small U.S. public companies are subjected by a poisonous cabal including some members of the legal profession, stock manipulators and tabloid journalists. In fact, it is disgusting. "In the past, we have refrained from responding to libelous Internet banter and, instead, have chosen to concentrate on our businesses. But this has now gone too far and all the parties involved in this abuse must be held accountable for their actions. We feel very strongly that we must do what we can as a company to combat this very disturbing misuse of the legal process resulting in serious damage to a small business simply trying to grow. All of our announcements at GlobeTel are made honestly and ethically. Our mistakes and our successes are equally communicated to our shareholders and to the public markets in an attempt to keep them fully informed about who we are and what we are energetically trying to achieve." About GlobeTel Communications Corp. GlobeTel Communications Corp. develops and provides an integrated suite of telecommunications products and services, leveraging its advances in Stored Value, VOIP and Wireless Access technologies. Individually, each of GlobeTel's five business units function as distinct, strong stand-alone entities. Together they form a powerful alliance of human talent and technological innovation resulting in the SuperHub(TM) worldwide VoIP network, Sanswire Stratellite(TM) platform and products enabling simpler, cheaper transmission of voice, data and money. GlobeTel has historically focused its business development on markets outside of the United States. Current and pending operations exist in Asia, Europe, South America, Mexico and the Caribbean. For more information, please visit: http://www.globetel.net. Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect" "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements. SOURCE: GlobeTel Communications Corp.
Posted by Edster on :
It's about time the GTE set the record straight on this. It was long overdue!!!!!
Posted by imakmony2005 on :
nice up!!!!!!!!!
Posted by Edster on :
quote:Originally posted by imakmony2005: nice up!!!!!!!!!
question is - will we be able to hold these gains thru the day - or will they gradually bleed-off like they have done so many times before.
Posted by Edster on :
quote:Originally posted by Edster:
quote:Originally posted by imakmony2005: nice up!!!!!!!!!
question is - will we be able to hold these gains thru the day - or will they gradually bleed-off like they have done so many times before.
WOW - didn't think my question would be answered so quickly - there goes the gains!!!!!!!!!!
Posted by imakmony2005 on :
were holden
Posted by imakmony2005 on :
1.47 close
Posted by jordanreed on :
i love this co.!!!i know i shouldnt fall in love with a stock, but i cant help it...
Posted by imakmony2005 on :
Lets just hope this is the new trend.
Posted by imakmony2005 on :
so far so good.
Posted by Edster on :
WOW AMEX has 221,800 shares on the ask at 1.48 --That should be a cap on any further price increase above 1.48 for the day.
Posted by imakmony2005 on :
Edster gave you 5 stars why you got just 2.
Posted by George on :
Someone was out to rip someone else off....
GlobeTel's Failed Partner Has $369 Charter Cptl-Vedomosti
MOSCOW (Dow Jones)--Russian company Internafta, which defaulted on a $600 million deal with U.S. company GlobeTel (GTE), has only $369 in charter capital, Vedomosti newspaper reported Saturday, citing tax authorities.
The paper also said the address which the Federal Tax Service gave for the company contains only a warehouse of metal-producing company Metalloinvest-Market - which claims to never have heard of Internafta or its managers, chief executive Yevgeni Yevtukhov and founder Maksim Chernizov.
Internafta, which promised to invest $600 million to construct a wireless communications network in Russia with GlobeTel, defaulted late April on the agreement, causing the U.S. company's stock to plummet and leading to shareholders filing a lawsuit against GlobeTel, accusing it of fraud. Vedomosti reports that Internafta was registered as company only on Nov. 30, 2005, or exactly one month before it entered into the deal with GlobeTel.
Posted by imakmony2005 on :
momma.
Posted by jordanreed on :
it'll come backkkkk...sometime
Posted by Pagan on :
quote:Originally posted by jordanreed: it'll come backkkkk...sometime
True. It appears all the shoes have dropped for the most part. Should be some PR's released soon, 1Q numbers, Strat updates, what not. Should start trending up anticpating news. GLTA!
Posted by Edster on :
quote:Originally posted by George: Someone was out to rip someone else off....
GlobeTel's Failed Partner Has $369 Charter Cptl-Vedomosti
MOSCOW (Dow Jones)--Russian company Internafta, which defaulted on a $600 million deal with U.S. company GlobeTel (GTE), has only $369 in charter capital, Vedomosti newspaper reported Saturday, citing tax authorities.
The paper also said the address which the Federal Tax Service gave for the company contains only a warehouse of metal-producing company Metalloinvest-Market - which claims to never have heard of Internafta or its managers, chief executive Yevgeni Yevtukhov and founder Maksim Chernizov.
Internafta, which promised to invest $600 million to construct a wireless communications network in Russia with GlobeTel, defaulted late April on the agreement, causing the U.S. company's stock to plummet and leading to shareholders filing a lawsuit against GlobeTel, accusing it of fraud. Vedomosti reports that Internafta was registered as company only on Nov. 30, 2005, or exactly one month before it entered into the deal with GlobeTel.
You would have thought that GTE would have done some DD background checks on Internafta before signing up to such a huge deal. Hopefully in the future this won't happen again.
Posted by Edster on :
quote:Originally posted by Pagan:
quote:Originally posted by jordanreed: it'll come backkkkk...sometime
True. It appears all the shoes have dropped for the most part. Should be some PR's released soon, 1Q numbers, Strat updates, what not. Should start trending up anticpating news. GLTA!
With GTE you never know how many shoes are waiting in the wings to be dropped. The 1Q numbers may not be good enough to overcome the bad taste some people have for GTE. Who knows whats happenin with the strat - other than some objectives set up for HUFF there hasn't been any concrete info on the strat for a long time. Would be interesting to see what the current "shorts" are in GTE.
Posted by Hannibull on :
Globetel has terminated its agreement with LLC Internafta to build wireless networks in 30 Russian cities, due to Internafta's failure to pay the initial funds due under the parties' agreement Posted by JHenry on :
Scott+Scott, LLC Files Class Action Lawsuit Against GlobeTel Communications Corp. on Behalf of Investors Tuesday May 9, 4:56 pm ET
COLCHESTER, Conn., May 9, 2006 (PRIMEZONE) -- On May 9, 2006, Scott+Scott, LLC filed a class action lawsuit in the U.S. District Court for the Southern District of Florida against GlobeTel Communications Corp. (``GlobeTel'' or the ``Company'') (AMEX:GTE - News) and certain officers on behalf of GlobeTel securities purchasers during the period December 22, 2005 through April 11, 2006, inclusive (the ``Class Period''), for securities law violations. GlobeTel provides an integrated suite of telecommunications services. The complaint alleges that during the Class Period defendants made false and misleading statements regarding the Company's $600 million deal with Moscow-based LLC Internafta to provide internet services in Russia. As a result, the Company's stock price was artificially inflated, thereby harming Class Period investors. If you purchased GlobeTel securities during the Class Period and wish to serve as a lead plaintiff in the action, you must move the Court no later than June 27, 2006. Any purported class member may move the Court to serve as lead plaintiff through counsel of its choice, or may choose to do nothing and remain an absent class member. If you wish to discuss this action or have questions concerning this notice or your rights, please contact Scott+Scott partner David R. Scott (drscott*scott-scott.com, 800/404-7770, 860/537-5537) or visit the Scott+Scott website, http://www.scott-scott.com, for more information. There is no cost or fee to you.
Throughout the Class Period, the complaint alleges, defendants publicly touted the $600 million joint venture with Internafta to install wireless networks in Russia's 30 largest cities. The Company announced the ``binding agreement'' in a December 30, 2005 press release. CEO Tim Huff stated: ``This presents an amazing opportunity for us, for Russia and for our Russian partners. The Russian Internet market is severely limited by a lack of infrastructure and by the high cost to individual users of obtaining high speed internet access, even in those relatively rare cases where it is available. The GlobeTel Wireless network will provide city-wide high speed, wireless connectivity . . .'' On this news, GlobeTel's stock price surged from $2.19 to $3.68 per share, an increase of over 75%, on extremely heavy trading volume.
According to the lawsuit, however, the deal in reality was a sham. The complaint alleges that almost immediately after the deal's announcement, in January 2006, Internafta failed to pay GlobeTel the first $150 million installment required under the joint venture agreement. Over the coming months, Internafta repeatedly failed to meet the agreement's payment deadlines. On April 11, 2006, The Motley Fool published a shocking report, revealing that the Company's joint venture with Internafta lacked any real sense of credibility. With this news, the Company's stock price plunged 15%, on unusually high trading volume, falling to $1.78 per share.
The plaintiff is represented by Scott+Scott, a firm with significant experience in prosecuting investor class actions. The firm dedicates itself to client communication and satisfaction and currently is litigating major securities, antitrust and employee retirement plan actions throughout the United States. The firm represents pension funds, charities, foundations, individuals and other entities worldwide.
More information on this and other class actions can be found on the Class Action Newsline at http://www.primezone.com/ca Posted by JHenry on :
This will be a sure test of credibility. It will be interesting to see the answers that come out of this. - I'm holding.
Posted by JHenry on :
I was considering selling in after hours trading (before 6:30pm) but decided to hold.
Posted by JHenry on :
Shalov Stone & Bonner LLP Provides Additional Information on GlobeTel Class Action Tuesday May 9, 7:27 pm ET
NEW YORK, NY--(MARKET WIRE)--May 9, 2006 -- The law firm of Shalov Stone & Bonner LLP recently commenced a securities fraud class action lawsuit on behalf of those investors who acquired the securities of GlobeTel Communications Corp. (AMEX:GTE - News) during the period December 30, 2005 to April 11, 2006 (the "Class Period"). The lawsuit is pending in the United States District Court for the Southern District of Florida and names as defendants GlobeTel and certain of its top ranking executives. According to the complaint, the Defendants issued several statements during the Class Period which touted the consummation of a $600 million deal with a Moscow-based company named LLC Internafta to install wireless networks in Russia's 30 largest cities. It is alleged, however, that the Russian deal was repeatedly described by the Defendants in a false and misleading fashion. This is the first complaint filed against GlobeTel for securities fraud violations in connection with its purported deal with Internafta.
Following the commencement of this action, additional information came to light. On May 1, 2006, GlobeTel announced a formal default with Internafta. Also, according to Russian newspaper Vedomosti, as reported by Dow Jones, Internafta was registered as a company on November 30, 2005, exactly one month before it entered into the deal with GlobeTel, and has only $369 in charter capital according to tax authorities. According to Dow Jones, the address given for Internafta by the Federal Tax Service contains only a warehouse of a metal-producing company named Metalloinvest-Market, which claims to never have heard of Internafta or its managers.
Plaintiffs are represented by the law firms of Shalov Stone & Bonner LLP and Sarraf Gentile LLP, both of which have extensive experience in the prosecution of class actions on behalf of investors. For more information about the firms, please visit their websites at: www.lawssb.com and www.sarrafgentile.com
For additional information about the lawsuit, please contact Thomas G. Ciarlone, Jr., at Shalov Stone & Bonner LLP, 485 Seventh Avenue, Suite 1000, New York, New York 10018 (telephone: (212) 239-4340; e-mail: tciarlone*lawssb.com).
Posted by JHenry on :
Shares Short (as of 10-Apr-06)3: 7.44M This could be a very dirty shorting play. Taking advantage of the questions riased by Motley Fool and others to play it to their advantage. Even if the Lawsuit fails they could say their were enough questions raised to base a lawsuit on. They could make millions covering the shorts on a play like this. GTE could also halt trading on this in the AM to avoid a panic sell-off. I doubt it though because this mess won't be cleared up for some time. Just a thought.
Posted by JHenry on :
After hours trading shows more buys than sells. After hours last shows $1.30 as it does on Yahoo after hours. This is not showing me evidence of a panic sell-off but I could be wrong. If there were a panic sell-off their would be a heck of a lot more sells than that. I would bet that this does not go below $1.10. Anyone else have any thoughts on this? I believe there will also be a huge short to cover in the AM poised to strike.
19:32:53.176 S 1,380 1.3000 19:32:53.176 S 120 1.3500 19:32:04.188 B 500 1.3600 19:31:06.621 B 3,000 1.3600 19:15:47.578 B 1,202 1.3600 17:39:42.126 S 242 1.3400 17:22:02.925 B 458 1.3300
Posted by Edster on :
OUCH - looks like there is a panic sell-off going on. Down .15 in the first half hour on heavy volume. Don't now how far this will drop today but the low 1.10's isn't unrealistic.
Posted by jordanreed on :
support at 1.14...lets see what happens
Posted by Edster on :
quote:Originally posted by jordanreed: support at 1.14...lets see what happens
The 1.14 support level is very, very weak - only reached that low one time in the last year (mid Sep 2005)just prior to the run-up on the Russian Deal. I do hope it holds!!!!!!
Posted by Bill2Drunk on :
I bought in at $1.15 with $2,000.....didn't see $1.06 comming......how low will she go......???? I'm going to wait a few more hours before dropping a BOMB on her ($10,000).
Posted by Danny12345 on :
come on $1
Posted by imakmony2005 on :
WELL im buying now 1000 more.do something huff.
Posted by Bill2Drunk on :
They really have some ISSUES here. The 1 report says that the Russian deal was a joke....that the registered company was a warehouse and was formed in 11-05 and only had $369 in capital/money. If that is what GTE thinks.....then I guess I can supply 162 deals. I really home this all blows away.
Here comes your $1.00.....Danny (1.02)
Posted by Bill2Drunk on :
There is your $1.00. I think this might get as low as $0.90....or less.
Posted by Bill2Drunk on :
$0.96
Posted by Edster on :
WOW just bought enough * 1.02 to get my B/E all the way down to 1.54
Posted by Danny12345 on :
i got it at 1.02 too
Posted by Dustoff101 on :
WOW!!! Haircut? Scalping? Bushwhacking? Fat Lady singing the Russian National Anthem?
But I ain't buying................yet LOL
Posted by Edster on :
Wonder how HUFF and the rest of the gurus at GTE are going to handle this price free fall. Better be more than just a token PR saying everything if ok. As a side thought - could we be looking at a possible delisting from the AMEX???????
Posted by Dustoff101 on :
Edster, I am just plain biased ever sence the first unvieling of the Blimp! Do you remember how funny that was?
Huff? you can count on a screwey wabbit trick..LOL
De-listing? you betcha, if fraud is involved.
Posted by Edster on :
Kinda quieting down here a bit. Still I think there is enough negative mojo on this to drive it to under $1.00 by EOD. May end up being one of the top 5 volume days in the last year.
Posted by imakmony2005 on :
NOT THAT BAD.LOL
Posted by George on :
Glad I was waiting for 1.70 and then the mess started. I lowered my buy and then canceled it. I am still on the side watching. Sub dollar is what I am waiting for now. I first got in this at a nickle I think....
Posted by imakmony2005 on :
same here George but that was way back before the amex and the 15 for one split, went from .05 to like .15 than 15 for 1 split and then amex, ran up to the high 4s and now back down, i think way to far down the bottom should be 1.44 so i see some upside here.imho
Posted by Pagan on :
quote:Originally posted by imakmony2005: same here George but that was way back before the amex and the 15 for one split, went from .05 to like .15 than 15 for 1 split and then amex, ran up to the high 4s and now back down, i think way to far down the bottom should be 1.44 so i see some upside here.imho
Agreed, I added quite a bit today as well. Look forward to some nice uptrend action. GLTA!!
Posted by jps on :
Milberg Weiss Announces the Filing of a Class Action Suit against GlobeTel Communications Corporation and Certain of Its Officers and Directors on Behalf of Investors
BOCA RATON, Fla.--(BUSINESS WIRE)--May 10, 2006--The law firm of Milberg Weiss Bershad & Schulman LLP announces that a class action lawsuit was filed on May 9, 2006, on behalf of purchasers of the securities of GlobeTel Communications Corp. ("GlobeTel" or the "Company") (AMEX:GTE) during the period December 22, 2005 through April 11, 2006, inclusive (the "Class Period"), for securities law violations.
If you bought the securities of GlobeTel between December 22, 2005 and April 11, 2006 and sustained damages, you may, no later than June 27, 2006, request that the Court appoint you as lead plaintiff. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Milberg Weiss Bershad & Schulman LLP, or other counsel of your choice, to serve as your counsel in this action.
The action is pending in the United States District Court for the Southern District of Florida against GlobeTel, its Chief Executive Officer Timothy Huff, and its Chief Operating Officer, Lawrence Lynch. A copy of the complaint filed in this action is available from the Court or can be viewed on Milberg Weiss's website at: http://www.milbergweiss.com
The complaint alleges that, GlobeTel a provider an integrated suite of telecommunications services, made false and misleading statements regarding the Company's $600 million deal with Moscow-based LLC Internafta to provide internet services in Russia. Throughout the Class Period, defendants emphasized a joint venture agreement to install wireless networks throughout Russia, valued at approximately $600 million. Based on the news that GlobeTel had signed a lucrative agreement which would generate significant revenues, the stock rose dramatically.
In fact, the Complaint alleges that the deal was a sham. An April 11, 2006 article published by The Motley Fool questioned the credibility of the entire deal. On April 11, 2006, after the truth about the joint venture was exposed, the stock dropped 15%, trading at only $1.78, a far cry from the Company's Class Period high of $3.92.
Milberg Weiss Bershad & Schulman LLP (http://www.milbergweiss.com) is a firm with over 120 lawyers with offices in New York City, Los Angeles, Boca Raton, Delaware, and Washington, D.C. and is active in major litigations pending in federal and state courts throughout the United States. Milberg Weiss has taken a leading role in many important actions on behalf of defrauded investors, consumers, and others for nearly 40 years. Please contact the Milberg Weiss website for more information about the firm. If you wish to discuss this action with us, or have any questions concerning this notice or your rights and interests with regard to the case, please contact the following attorneys:
Posted by jps on :
Schatz & Nobel, P.C. Announces Class Action Lawsuit Against GlobeTel Communications Corp. -- GTE
HARTFORD, Conn., May 10, 2006 (PRIMEZONE) -- The law firm of Schatz & Nobel, P.C., which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in the United States District Court for the Southern District of Florida on behalf of all persons who purchased or otherwise acquired the securities of GlobeTel Communications Corp. ("GlobeTel" or the "Company") (AMEX:GTE) between December 22, 2005 through April 11, 2006, inclusive, (the "Class Period").
The Complaint alleges that defendants violated federal securities laws by issuing a series of materially false statements. Specifically, defendants made false and misleading statements regarding the Company's $600 million deal with Moscow-based LLC Internafta to provide internet services in Russia. Throughout the Class Period, defendants emphasized a joint venture agreement to install wireless networks throughout Russia, valued at approximately $600 million. Based on the news that GlobeTel had signed a lucrative agreement which would generate significant revenues, the stock rose dramatically.
An April 11, 2006 article published by The Motley Fool questioned the credibility of the entire deal. On April 11, 2006, after the truth about the joint venture was exposed, the stock dropped 15%, trading at only $1.78. During the Class Period, GlobeTel traded as high as $3.92 per share.
If you are a member of the class, you may, no later than June 27, 2006, request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a class member that acts on behalf of other class members in directing the litigation. Although your ability to share in any recovery is not affected by the decision whether or not to seek appointment as a lead plaintiff, lead plaintiffs make important decisions which could affect the overall recovery for class members, including decisions concerning settlement. The securities laws require the Court to consider the class member(s) with the largest financial interest as presumptively the most adequate lead plaintiff(s).
While Schatz & Nobel has not filed a lawsuit against the defendants, to view a copy of the Complaint initiating the class action or for more information about the case, class action cases in general, and your rights, please contact Schatz & Nobel toll-free at (800) 797-5499, or by e-mail at sn06106*aol.com, or visit our website: www.snlaw.net. Posted by Dustoff101 on :
Halt to trading coming?
Posted by BuyTex on :
a halt I think would not be bad--a suspension could mean Lockheed wins outright on the sub-space deal, hands down...
Posted by Pagan on :
quote:Originally posted by Dustoff101: Halt to trading coming?
Why would there be a halt? Class action suits are sadly a common occurence in todays markets. But rarely if ever have I seen them result in a trading halt. And the "pile on" effect by ambulance chasers is also common. There is no SEC investigation, so no halt is merited. I think the suits have little merit and I look for a sharp uptrend in near future. Excellent time to buy if you have a penchant for playing volitilty. IMO, there is huge money to be made playing the volility that is likely coming over this month and the next.
Posted by Pagan on :
quote:Originally posted by BuyTex: a halt I think would not be bad--a suspension could mean Lockheed wins outright on the sub-space deal, hands down...
A trading halt does not halt busines operations, only trading of shares, which has absolutely no effect on time to market of technology. I find it extremely unlikely of a trading halt in GTE's future based on these "lawsuits looking for a plaintiff" class action cases.
Posted by BuyTex on :
lol, pagan, somehow I knew your post would be linked to mine...
all I'm saying is, don't get freaked over a halt. A suspension? that's serious.
Have no DD to infer likelihood of either, was responding to a preceding post.
Posted by Bill2Drunk on :
quote:Originally posted by Pagan:
quote:Originally posted by Dustoff101: Halt to trading coming?
Why would there be a halt? Class action suits are sadly a common occurence in todays markets. But rarely if ever have I seen them result in a trading halt. And the "pile on" effect by ambulance chasers is also common. There is no SEC investigation, so no halt is merited. I think the suits have little merit and I look for a sharp uptrend in near future. Excellent time to buy if you have a penchant for playing volitilty. IMO, there is huge money to be made playing the volility that is likely coming over this month and the next.
AGREE STRONGLY!! I dipped out and didn't spend my $10,000 I have sitting aside for this stock. I wish I did when I was watching it less than $1.00 but WTH......better safe than sorry.
Yeah.......looking for plaintifs lawsuits......first that have to get plaintifs....then they have to figure how much $$$ they lost.....then they have a loss that they can sue for....most people only had spent $2,000 or less.....that isn't even worth it to lawyers.....they want the FAT CATS that lost $10,000++++++++ to represent....that is where the money is......(was). People are SUE happy in this world today.....if you go to the casino and win $10,000....the Gov't wants to TAX you....but if you lose $10,000....you don't get any tax breaks.....seriously.....this is all GAMBLE....just because you LOSE....why should you get your money back???????
Lawsuits usually takes YEARS to resolve. So we shouldn't see any judgements for a LONG TIME. Lawsuits mean nothing right now.....its just another splenter in GTE.
Posted by Dustoff101 on :
I disagree with everybody! LOL
Hey! Who says they can't Halt for clarity! Hell Big board stocks do it all the time..
I also remember over a year ago when people challanged my call on the R/S...
I am a buyer at $.735
Some of my best 2 hour gains have been on the " Ole Blimp" nothing changes, this is still the Gang that can't shoot straight..
The " reincarnation of the Keystone Cops"
They still got the training wheels on that Balloon thingy ma jigger? LOL
The best thing about GTE is Liquidity! It will handle large wagers..
[ May 11, 2006, 08:16: Message edited by: Dustoff101 ]
Posted by JHenry on :
Is there a trading halt - No trading happening?
Posted by JHenry on :
There it goes - just a slight delay.
Posted by Pagan on :
Just added additional swing position here. With 1Q numbers due Monday, any improvement in financials should see a sharp spike in SP. GLTA!!
Posted by Edster on :
HUFF and company are really going to have to pull a rabbit out of the hat to turn this around. It is getting to the point that even great PR won't do much to lift this anywhere near to the levels of just a few weeks ago. Back on 27 April, GTE closed at $1.91 - don't think we will see that again for a long, long time - if ever!!!!!!
Posted by Edster on :
quote:Originally posted by Pagan: Just added additional swing position here. With 1Q numbers due Monday, any improvement in financials should see a sharp spike in SP. GLTA!!
I hope you are right Pagan but I think that with all the bad press, the 1Q financials would have to be an EXCEPTIONAL improvement over last quarter's .22 ps loss(which I doubt will be the case). I'm not even sure that HUFF will send out the 1Q on Monday. Otherwise I see the 1Q possibly adding to the sell-off IMHO.
Posted by jordanreed on :
youre pessimism is understandable...i continue to hold for better days.
Posted by Pagan on :
Centerline Reaches Profitability, Trending Toward Target $350K Per Month Net Profit FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--May 11, 2006--GlobeTel Communications Corp. (AMEX:GTE) announced that its Centerline Communications LLC subsidiary has reached profitability as of May 10. Given the second quarter performance and its trending, this places Centerline on a pace to exceed its $350,000 per month net profit by the end of June.
Timothy Huff, Chief Executive Officer of GlobeTel, stated, "Centerline has continued its transition from its low margin off-net traffic to its state of the art VoIP direct route network, which it continues to grow. This traffic has significantly increased margins of approximately 7%. Centerline not only provides bottom line profit to GlobeTel but also provides a low cost telecom component to our other business units. We have stated our short-term goals in the April 10 press release and remain confident we will reach these goals. Centerline's profitability is the first stepping stone in a long line of accomplishments that the company is striving for in the second and third quarters."
Centerline, GlobeTel's International Wholesale Carrier business, buys and sells large blocks of calling minutes with particular origination and termination points. In some instances, it enters into agreements with established international telephone carriers to deliver international calls into their domestic telephone networks for termination to the parties being called. Additionally, it bulk purchases minutes to specific destinations and packages them for resale to individual and business customers. Beginning in July 2004, GlobeTel began to migrate these operations from the parent company to Centerline and its units. By June 2005, all telecommunications equipment had been consolidated into the Los Angeles switch site, and continual consolidations have resulted in improved margins.
Posted by Edster on :
[QUOTE]Originally posted by Pagan: [QB] Centerline Reaches Profitability, Trending Toward Target $350K Per Month Net Profit FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--May 11, 2006--GlobeTel Communications Corp. (AMEX:GTE) announced that its Centerline Communications LLC subsidiary has reached profitability as of May 10. Given the second quarter performance and its trending, this places Centerline on a pace to exceed its $350,000 per month net profit by the end of June.
What seems to be some very positive news has only had a minor effect of SP.
Posted by imakmony2005 on :
.735 NEVER, LOL
Posted by Dustoff101 on :
Thats what it's worth to me...Otherwise I ain't buying..
Posted by imakmony2005 on :
IM CHIPPING
Posted by Dustoff101 on :
market sucks today.
Posted by Dustoff101 on :
needs some chum bait..
Posted by Dustoff101 on :
quote:Originally posted by imakmony2005: IM CHIPPING
----------------------------------------------- Ya OK Tigar Woods! LOL
Posted by JHenry on :
Oops - Deleted Centerline News - already listed above.
Posted by imakmony2005 on :
GONNA GO DUST.FLIPPED IT TWICE.LOL
Posted by Hannibull on :
GlobeTel Communications Reports First Quarter 2006 Results Friday May 12, 6:58 pm ET
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--May 12, 2006--GlobeTel Communications Corp. (AMEX:GTE - News) reported its results for the quarter ended March 31, 2006. During the quarter, the Company achieved revenue of $22,294,725, or 24% more than revenue of $18,010,643 reported for the first quarter 2005 and a 5.5% sequential rise over fourth quarter 2005 revenue of $21,133,147. The Company reported a net loss of $3,510,358 for the quarter ended March 31, 2006, compared to a net loss of $3,600,053 reported during the first quarter of 2005. The first quarter 2006 net loss, compared sequentially, is about 80% less than the prior quarter's, fourth quarter 2005, net loss of $16,430,767. ADVERTISEMENT
Of the $3,510,358 reported as net loss, $582,224 is attributable to non-cash items, resulting in a net loss before non-cash items of $2,928,134. Timothy Huff, GlobeTel Chief Executive Officer, said, "Our net loss for the first quarter of 2006 was relatively flat, but smaller, compared to last year's first quarter, and a vast improvement over our previous quarter. This is our smallest quarterly loss of the last four quarters. This was achieved while the company was investing to expand all five of its business units. This reduction in loss is indicative of an overall movement toward profitability."
Mr. Huff continued, "While we were successful in the first quarter in considerably reducing consulting and professional fees, as well as investment banking and financing fees, we did incur a small increase in the cost of research and development costs for our Sanswire project, mainly for development of the Stratellite and costs related to the successful floating of Sanswire II Technology Demonstrator Airship along with the initial testing phases. We've continued to make significant progress in the execution of our strategic business plan. Most importantly, our five business divisions have shown that they are working toward the aggressive goals that were set by our Board of Directors and myself on April 10.
During March, April and continuing into May, our subsidiary Centerline Communications Corp, LLC (CLC) has experienced gross margins of between 6% and 9%. As CLC grows its direct routes through its switch facility in Los Angles and moves away from less profitable off-net revenues, we expect CLC's profitability to increase to a bottom line profit of $350,000 per month by the end of June. Our GlobeTel Wireless pilot installations continue worldwide, with significant progress being made in Germany and China. We successfully concluded a pilot test in Mexico, which we expect to precipitate a build out of the wireless systems throughout Mexico. Our goal is to have one metropolitan wireless network installed and operating by September 30. Sanswire Networks, our High Altitude Airship program, is set to deliver Sanswire II, a technology demonstrator, which will test the subsystems of the airship program at low and high altitudes. The tethered testing is scheduled to start at the end of May and continue for 60 to 90 days ending with an untethered flight or free flight test at a significant record-breaking attitude. The achievements of Sanswire Networks have generated tremendous interest from both the private and government sectors. This heightened interest will be shared with you in the coming weeks. Our GlobeTel VoIP division is launching their product in Latin America this month and is expected to be at a profitable run rate by June 30. Once launched, our VoIP product is expected to spread throughout Latin America and the corresponding ethnic markets in the US. Magic Money, Stored Value Card division will be launching its product in India on July 1 and is expected, based upon the initial projected volume and activity, to be profitable by the end of the third quarter. We are continuing to implement our existing projects, as well as adding new ones, into the pipeline across all five of our businesses. Over the next 60 to 90 days, we will let our performance show how "real" we are. Our employees continue to grow in number, and remain committed to producing value for our clients, shareholders and society. We are continuing our journey to completion."
About GlobeTel Communications Corp.
Posted by jordanreed on :
EXPENSES Payroll and related taxes 857,744 570,591 Consulting and professional fees 389,756 1,283,458 Officers Compensation 481,742 268,534 Bad debts 83,229 94,092 Investment banking and financing fees - 439,715 Investor and public relations 94,151 25,730 Commissions expense - related party Carrier Services, Inc. 694 724,513 Research and development 524,085 443,924 Other operating expenses 355,333 148,558 Telephone and communications 62,574 21,947 Travel and related expenses 356,286 126,180 Rents 130,023 69,958 Insurance and employee benefits 113,692 63,416 Depreciation and amortization 184,848 18,402 ---------------------------------------------------------------------- TOTAL EXPENSES 3,634,157 4,299,018 ----------------------------------------------------------------------
LOSS BEFORE OTHER INCOME (EXPENSE) AND INCOME TAXES (3,552,935) (3,572,338) ------------------------
OTHER INCOME (EXPENSE) Interest income 42,577 6,195 Interest expense - (33,910) ---------------------------------------------------------------------- NET OTHER INCOME (EXPENSE) 42,577 (27,715) ----------------------------------------------------------------------
LOSS BEFORE INCOME TAXES (3,510,358) (3,600,053)
INCOME TAXES Provision for income taxes - - Tax benefit from utilization of net operating loss carryforward - - ---------------------------------------------------------------------- TOTAL INCOME TAXES - - ----------------------------------------------------------------------
NET LOSS ($3,510,358)($3,600,053) ----------------------------------------------------------------------
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC 101,353,367 66,121,945 DILUTED 101,353,367 66,121,945
NET LOSS PER SHARE BASIC ($0.03) ($0.05) DILUTED ($0.03) ($0.05) ----------------------------------------------------------------------
Contact: GlobeTel Communications Corp., Fort Lauderdale Robert Bleckman, 954-775-1427
Posted by imakmony2005 on :
Can you say going UP!!!!
Posted by imakmony2005 on :
I sure can.
Posted by Dustoff101 on :
I sure can wait till .735! LOL Geezz, is there two Monkeys loose!
Oh' the Humanity of it all!
Posted by imakmony2005 on :
NEVER,LOL
Posted by imakmony2005 on :
up 5% pre market.can we go up........
Posted by imakmony2005 on :
FORT LAUDERDALE, Fla., May 15, 2006 (BUSINESS WIRE) -- GlobeTel Communications Corp. (GTE, Trade), today announced the launch of VozBrasil(TM) (http://www.vozbrasil.com), a service which will allow Brazilians to call their friends, relatives and business associates in the US through a local number, at local rates, without the need for broadband internet access or any special equipment. Also, separately, over the next two weeks, GlobeTel will be launching a service that allows Brazilians to obtain a US phone number that, when called, will forward those calls to their local phone number in Brazil -- all at low VoIP rates. This is the first of many services that will allow people across the globe to attach US phone numbers -- and thereby forward local US calls -- to their local phone numbers in their own countries.
VozBrasil(TM) is a customized, VoIP-based communications network developed by GlobeTel's VoIP Division for the US-based Brazilian community. The Company believes this is the first commercially available VoIP system that eliminates the need for Customer Premise Equipment ("CPE"), resulting in increased savings and flexibility for both the telecom provider and for the end-user customer.
VozBrasil(TM) customers in the US who would like their friends in Brazil to be able to call them - without incurring the enormous charges of calling from Brazil to the US -- can now get a local Brazilian number issued to them by GlobeTel in any of the most populous areas of Brazil. This local Brazilian number can be linked to any US telephone number the US customer chooses -- that is: his home phone, his business phone or his cell phone -- and when his local Brazilian number is called by his Brazilian friends, that "linked phone" will ring instantly in the US. And, when the call to the "linked" U.S. number is completed, the Brazilian caller is charged only for a local Brazilian call. For even greater savings, the US customer has the option of having both a Brazilian and a US number attached to his VoIP service, although this dual-service requires that the customer have a broadband connection and a small, home-installed VoIP device. This further refinement provides the customer with the extremely low calling rates available throughout the world using voice over IP calling.
For our commercial partners, VozBrasil(TM) is the first commercial VoIP implementation based on GlobeTel's proprietary voice platform known as StrateVoIP(TM) -- a carrier-class platform designed to provide country-specific calling plans and customized packages to its commercial partners. The StrateVoIP(TM) platform enables our ISP and telecom partners around the world to offer their local customers the benefits of voice over IP calling without the need for them to expend huge amounts of capital on the development of a VoIP platform or on an investment in customer premise equipment ("CPE"). StrateVoIP provides a billing and management backend software system that allows any of our partners to be highly competitive with incumbent telcos by offering easy-to-configure calling plans, prepaid phone cards, and least cost routing.
Within minutes of signing up, a VozBrasil(TM) retail customer can have his own US or Brazilian number attached or "linked" to his existing phone number. This real-time feature is one of the many components of the StrateVoIP system that makes it so appealing to ISP's and to telecom companies seeking to provide voice over IP services to their own customers.
Dan Erdberg, President of GlobeTel VoIP, stated, "The US-based Brazilian community is large, growing and vibrant, and it maintains very close ties to its business and personal networks within Brazil. We have designed the platform with real-time features including a user-friendly method of assigning local Brazilian phone numbers to any US-based Brazilians who desire such a local, home-country number. Our US clients can easily select a phone number throughout Brazil and have that local number ring directly to a VoIP phone or cellular phone located in any other location, anywhere in the world, through our system. Instantly, our customers in Brazil will now have the ability to call their families in the US as easily and inexpensively as if they were calling them next door. Also, using the VozBrasil local access number, our U.S. customers are able to call Brazil directly from their U.S. location and inform their friends and families of their new local Brazilian numbers, allowing them to communicate at local tariffs. And this can all be done within minutes of signing up for our service."
Timothy Huff, Chief Executive Officer of GlobeTel Communications, stated, "Arguably, this technology makes international long distance calling a thing of the past. The largest barriers-to-entry facing our competing VoIP service providers are the integration costs and the cost of providing Customer Premise Equipment to their customers. And, importantly, our competitors' systems are able to interact with only those customers having high speed, broadband Internet access. The StrateVoIP platform completely eliminates all of those costs and concerns. And, as a result, our service is accessible by both those who have access to Broadband connections and those who don't. This represents a remarkable breakthrough: mobile VoIP without the need for any computer interface."
By making contact through http://www.VozBrasil.com or by calling 1-888-6Brasil (1-888-627-2745), both business clients and individual customers anywhere in the US can subscribe to high-quality, low-cost telephone service featuring local Brazilian telephone numbers and unlimited calling plans to and from Brazil. With plans starting at under $15 per month, customers can sign up and register for the service in real time, allowing them -- within a matter of minutes -- to communicate with Brazil and save money.
About GlobeTel VoIP
GlobeTel VoIP is a retail-oriented business unit specializing in flexible, carrier class VoIP platforms built specifically for service providers. Our StrateVoIP(TM) product is a private-label solution designed for ISPs, cable companies, telcos, and all other providers desiring to offer VoIP services to their local markets. The StrateVoIP platform is operated using our proprietary VoIP software package, which allows clients to design and architect completely customized calling packages to fit the needs of their specific local markets. This completely customizable solution provides everything required to turn an existing service provider into a leader in VoIP technology without the usual obstacles involved in building out a carrier-class VoIP platform. With the StrateVoIP platform clients can utilize their own brand, deliver a single bill and provide direct customer support to its customers.
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect" "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements.
SOURCE: GlobeTel Communications Corp
Posted by imakmony2005 on :
UP 17.76% SO FAR.
Posted by ehya on :
This VOZbrasil is such huge great news, its incrediably flexible. I understand you can even use your cell phone? Globetel - Vozbrasil
I think this is just the begining!
Posted by imakmony2005 on :
YEP. $$$$$$$$$$$$$$$$$$
Posted by imakmony2005 on :
Dust, is that $4.735, lol
Posted by Pagan on :
Pretty decent little pop today. Up $.11 in AH trading. May bode well for continued uptrend tomorrow. GLTA!
Posted by Dustoff101 on :
Kaw Kaw kawwwwww damn, Crow tastes terrible...
Maybe some Ripple or Warm Thunderbird will help, yuck. LOL
Can a fella be arrested for even knowing what Thunderbird is?
[ May 16, 2006, 07:53: Message edited by: Dustoff101 ]
Posted by Dustoff101 on :
shoulda woulda coulda...Story of the market?
Posted by imakmony2005 on :
YOU THE MAN DUST.
Posted by jps on :
His Excellency Ferdinando Salleo, Former Italian Ambassador to the United States, Joins GlobeTel Communications` Board of Directors
May 16, 2006 10:21:01 (ET)
FORT LAUDERDALE, Fla., May 16, 2006 (BUSINESS WIRE) -- GlobeTel Communications Corp. (GTE, Trade) announced that His Excellency Ferdinando Salleo, who served as Italian ambassador to the United States from 1995 until 2003, has joined its Board of Directors.
Ambassador Salleo stated, "GlobeTel is poised to deliver the promise of increased access to better communications and financial solutions for millions of people globally. This is an undertaking in which I strongly believe, and in which I'm confident the Company can execute. I look forward to my first Board meeting in Florida shortly."
J. Randolph Dumas, Chairman, stated, "Ambassador Salleo, a true statesman in every sense of the word, enriches our Board with his inimitable world view and his keen political acumen. Uniquely qualified to sit on the Board of any large multinational, we are privileged that he shares our vision."
Born in Messina (Sicily) in 1936, Ambassador Salleo entered the Italian Foreign Service in 1960, soon after earning his Laurea (M.A. degree) from the Law School of the University of Rome. He first served in Paris, then in New York as Consul, then in Prague. In 1972 he came back to the US as counselor at the Embassy in Washington D.C. He later served in the Political Department of his Ministry (as head of NATO Dept.), from where he moved to Bonn as Minister Counselor. In 1979 he was first appointed deputy Director General of the Department for Economic Cooperation and Development Aid of the Ministry of Foreign Affairs in Rome. In 1985, he was appointed Director General of the same Department.
His experience in Economic and Financial Affairs brought him to accept the post of Head of the Italian Permanent Mission to the OECD (the Paris-based Organization for Economic Cooperation and Development) in 1986, as well as to the European Space Agency (ESA). He then returned to Rome as the head of the Economic Affairs Department. From 1989 to 1993 he served as Italy's Ambassador in Moscow, during the Gorbachev era and the downfall of the Soviet Union. After having served as Director general of Political Affairs, the top post of Secretary General of the Ministry of Foreign Affairs was his last assignment in Rome, before being appointed to Washington D.C. in November 1995.
Ambassador Salleo has been a visiting professor at the University of Florence and a professor at LUISS University, Rome. Over the past several years, he has had several opportunities to meet groups of scholars and students as keynote speakers at universities and civic engagements. He is the author of a diplomatic history study on the genesis of the State of Albania (1913-1914), which was published by Sellerio (Palermo) in 2000 and translated into Albanian. Since resigning from the Italian Foreign Service in 2003, the Ambassador and Mrs. Anne Marie Salleo have resided in Rome where he serves on several Boards and acts as Vice Chairman of Medio Credito Centrale (Capitalia Banking Group), a prominent merchant bank in Italy.
Posted by imakmony2005 on :
SURE LOOKING GOOD! $ 1.43
Posted by Dustoff101 on :
Damn this Crow tastes awful! spit twoeee!
If it hit's 2 bucks that Thunderbird maybe my only hope at re-demption!
If I can drink a bottle of that stuff, well I should be forgiven! LOL
Posted by imakmony2005 on :
You got it. One bottle, lol $ 1.51 NOW
Posted by imakmony2005 on :
COME ON BABY DADDY NEEDS SOME NEW JIGS. $ 1.55
Posted by imakmony2005 on :
$ 1.62 GO GO GO!
Posted by imakmony2005 on :
$ 1.67 YES YES YES! MOVING FAST
Posted by imakmony2005 on :
GOD ABOUT TIME SHAKE IT DOWN.
Posted by imakmony2005 on :
Great shake took it back to the $ 1.54s NOW ITS $ 1.66
Posted by Dustoff101 on :
Hey Monkey! Where in the heck is everyone.. Chasing Albacore? LOL
Posted by imakmony2005 on :
Must be im getting ready, waters getting better everyday. 65 AND CLEAN ON THE OUTSIDE.
Posted by Dustoff101 on :
65 Sea Temp, Blue Water, yer in um! Outside ya otta atleast troll up or cast on a Hook-up Strike.. I like a 25lb solid scratch on the coldies.
Posted by imakmony2005 on :
Im ready to roll up on a patty and throw a big fat dean at it and yank on a bluefin.
Posted by Dustoff101 on :
Whats your runing time from the slip? to the grounds? Distance, speed?
Posted by imakmony2005 on :
After getting bait, point loma to the coronado islands 9 miles north end 20 min, ive caught albies right at the islands and just outside, then the next bank would be the 302 spot 30 min run from the islands. good stuff.
Posted by Dustoff101 on :
We have a 4-12 hr run to warm water..30-125+ nautical miles Offshore...
9 miles? Thats a piece of Cake even in weather.! LOL
Kona? Ya start catching Marlin, Ono, Mahi Mahi, Ahi, Aku, Ulua, after ya clear the whistler at Honokohau..
Good to here California is getting it's Fish back..Been a long struggle.
Posted by imakmony2005 on :
Last year stunk, hope this year is better, its really good down the line 70 miles into mex.
Posted by imakmony2005 on :
$1.71 A/H Could be big in the AM.
Posted by Pagan on :
quote:Originally posted by imakmony2005: $1.71 A/H Could be big in the AM.
Great move up the last few days. Up over 60% in the last few trading days. Sweet money in the swings. Hopefully the trend continues Posted by imakmony2005 on :
Agreed Pagan. I got this feeling it gonna get over $ 2.00 before we see a pull back. JMO
Posted by Peaser01 on :
What a sell off. Down .50 today. Bloodbath early across the exchanges.
Any reason for it?
Posted by imakmony2005 on :
Cant find one yet wild LL2s $ 1.24
Posted by Peaser01 on :
Maybe there was a monster 3 million share market order sell? Who knows?
Posted by imakmony2005 on :
Going right back up. $ 1.47
Posted by Bill2Drunk on :
Another Lawsuit filed..maybe it will slip a little.
What is everyone selling at........??????? I'm holding until $2.50-3.00 range.
Posted by Edster on :
Law Offices of Howard G. Smith Announces Class Action Lawsuit Against GlobeTel Communications Corp. -- GTE BENSALEM, Pa., May 17, 2006 (PRIMEZONE) -- Law Offices of Howard G. Smith announces that a securities class action lawsuit has been filed on behalf of shareholders who purchased securities of GlobeTel Communications Corp. ("GlobeTel" or the "Company")(AMEX:GTE) between December 22, 2005 and April 11, 2006, inclusive (the "Class Period"). The class action lawsuit was filed in the United States District Court for the Southern District of Florida.
The Complaint alleges that defendants violated federal securities laws by issuing a series of material misrepresentations to the market during the Class Period concerning the Company's financial prospects, thereby artificially inflating the price of GlobeTel securities.
No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased GlobeTel securities between December 22, 2005 and April 11, 2006, you have certain rights, and have until June 27, 2006, in which to move for Lead Plaintiff status. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215)638-4847, Toll-Free at (888)638-4847, or visit our website at www.howardsmithlaw.com.
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca.
CONTACT: Law Offices of Howard G. Smith Howard G. Smith (215)638-4847 (888)638-4847 www.howardsmithlaw.com Posted by imakmony2005 on :
That must have slipped out yesterday.
Posted by Dustoff101 on :
Well, if the crazy thing drops down to .90 I'm buying!
Posted by glassman on :
Lockheeds airship manufacturing facility in Akron Ohio is burning down right now....
it's on the news.....
Posted by Purl Gurl on :
Hi Glassman! I have been wondering if you are still around. Watch out for Glasscrasher, kinda like you.
Purl Gurl
Posted by BuyTex on :
quote:Originally posted by glassman: Lockheeds airship manufacturing facility in Akron Ohio is burning down right now....
it's on the news.....
not finding it...any ideas how it started, yet?
Posted by Dustoff101 on :
quote:Originally posted by BuyTex:
quote:Originally posted by glassman: Lockheeds airship manufacturing facility in Akron Ohio is burning down right now....
it's on the news.....
not finding it...any ideas how it started, yet?
------------------------------------------------- Wow could that ever get a conspiracy theory going!
The Glassman is here! might get interesting having another heavy weight around..
Posted by glassman on :
i swear, i was nowhere near Akron this morning Posted by Dustoff101 on :
Where is that New torch? J/KIDDING I THINK, I HOPE....Hey maybe the Shorts are done!!!!
Posted by imakmony2005 on :
Not great but not as bad as it could have been.
Posted by glassman on :
quote:Originally posted by Purl Gurl: Hi Glassman! I have been wondering if you are still around. Watch out for Glasscrasher, kinda like you.
Purl Gurl
Hi Purl, yep, i'm still around but i'm spending more time in the studio now that i have one again....
i been reading your posts, and Blue's clues too....
how about you just give me another one like ALMI so i can spend even more time in the studio
BTW, who is that pretty girl whose pix you put in your profile?
Posted by imakmony2005 on :
Who took the picture?
Posted by imakmony2005 on :
BUMP PUMP
Posted by imakmony2005 on :
whats up in pre market?????? going down big.
Posted by Peaser01 on :
If GTE were to get kicked off the AMEX, would it go directly to the Pinksheets? Or would it go back to the OTCBB?
Posted by Pagan on :
quote:Originally posted by Peaser01: If GTE were to get kicked off the AMEX, would it go directly to the Pinksheets? Or would it go back to the OTCBB?
No reason for them to be kicked off the AMEX. They are a viable revenue producing entity. Btw, Milberg Weiss, one of the class action pimps, was just indicted for paying plaintiffs to bring class action suits LMAO.
I added new swing positions today. Looking for a SP spike by middle or end of week. Gotta love the swing action with GTE. GLTA!!
Posted by Peaser01 on :
Nice to know. That's one of the lawsuits. Thanks Pagan.
Posted by George on :
Purl is back....wow....and looking good too. My buy is at .70 for my long.
Posted by Edster on :
WOW - been away a few days and all I can ask is "What happened??????"
Posted by Edster on :
Business Wire - May 23, 2006 12:21
FORT LAUDERDALE, Fla., May 23, 2006 (BUSINESS WIRE) -- GlobeTel Communications Corp. (AMEX:GTE), today responded to the series of misrepresentations and malicious distortions which the New York Post portrays as financial journalism, written by SEC critic Christopher Byron, with the following statements from Chairman J. Randolph Dumas and Chief Executive Officer Timothy Huff.
J. Randolph Dumas stated, "Apart from the libelous commentary which is rampant throughout this ridiculous article, we are also quite suspect of the timing of this story, appearing as it does on the exact day that a certain New York bank was obligated to cover the short position which it acquired "in error" late last week on behalf of a client. Even worse, is the gross irresponsibility by the editorial management of the New York Post and on the part of Christopher Byron in the conveyance of information for which apparently no fact-checking occurred. For instance, Rubikon Partners, which I previously managed and which my distinguished colleagues and I co-founded is, in fact, a private equity firm and has never had any connection whatsoever to GlobeTel and it has never had any operational activities in London, England, including any 'internet banking' business.
"Any reasonably competent individual can easily Google us and find accurate information about Rubikon Partners and my esteemed fellow Founding Shareholders. I am deeply disappointed that Mr. Byron has elected to make such damaging implications about these men, of legendary personal and professional status, when they have absolutely nothing to do with GlobeTel. And, to attach to any of us implications of illegal money laundering, is simply out of all reasonable bounds. We remained stunned that he has chosen to make this series of intentionally hostile and totally misrepresentative statements about our company, our Board Members, our affiliates and our objectives. We can only speculate and discuss with the regulatory authorities (as we have done over the past few days) the facts surrounding these apparently coordinated attacks which have been launched against our company recently by a series of law firms, tabloid journalists and professional short-sellers.
"GlobeTel's management has continued to focus its attention on its core business units and a number of significant new business opportunities over the past few months. And, we have attempted to do this in the face of the most damaging and distressing environment that these people can possibly orchestrate. These actions have removed hundreds of millions of dollars of share value from the pockets of our shareholders. Like, Mr. Byron, I can only hope that the regulatory authorities who are charged with investigating these kinds of actions will leap directly into the middle of these sordid events. It is hard to conceive that this sort of thing is allowed to occur in America."
CEO Timothy Huff added, "Regarding his many erroneous statements about GlobeTel, Mr. Byron should also be aware that we do not build 'aluminum blimps that bounce signals from Latin America to the US.' We create and construct rigid-infrastructure, GPS-guided airships designed to transmit wireless signals to, and from, our clients in each airship's significant coverage area. We have invested a great deal of time and money in the development of this 'near space' technology over the past three years. Our entire team of former NASA engineers -- along with GlobeTel's managers -- remain very excited about and committed to this technology, along with many of our military and government supporters. We hope, therefore, that before the end of the summer, we will be able to expose Mr. Byron's half-witted comments for what they are: damaging libel."
Mr. Huff continued, "Also, I suggest Mr. Byron stick to his journalistic pornography if he truly believes that anything about our HotZone 4010 technology includes the building of a cell phone tower network. Never has GlobeTel stated it was in the cell phone business. The contemplated transaction in Russia and our other pilot-programs at GlobeTel Wireless, are based entirely upon non-tower-based Wifi, WiMax and DECT capabilities. Indeed, our Hotzone 4010 wireless technology is housed in a regional transmitter, which is smaller than a shoebox, providing high speed, broadband Internet connectivity and VoIP telephony to large areas within municipal areas.
"Finally, Mr. Byron either needs to learn more about the telecommunications industry or he should actually take the time to read our press releases if he thinks the rollout of VozBrasil, our VoIP network for Brazil and Brazilian-Americans, is in any way designed to launder or transfer money. Like his other libelous comments, he attacks us for providing a service targeted at the average man-on-the-street who must otherwise pay large sums for long-distance telephone calls to and from his home market. But, of course, these distorted and twisted claims are well known by Mr. Byron to be entirely false and misleading. His objective has not been accuracy."
Posted by Pagan on :
Solid response. Should have an impact on intraday SP.
Posted by jps on :
A little too emotional for me though. "libelous commentary which is rampant throughout this ridiculous article" "stick to his journalistic pornography" etc. Stick to the facts, stay professional, and don't play other people's name-calling games.
Posted by Peaser01 on :
Nice hostile PR. It's turning into the media v. GTE.
They have the WiFi technology, just need the blimp technology now to go along with the WiFi.
Posted by jordanreed on :
i love it!!... the soap opera continues...
Posted by Peaser01 on :
All this commotion makes for great swing plays.
Pagan is the King GTE Swinger.
Posted by Pagan on :
Up 20% at HOD. GTE makes swing plays easy with they're SP volitility. GLTA!!
Posted by Peaser01 on :
Anyone else get in besides us?
Posted by mlewis765 on :
80,000 * 1.14 thanks Pagon!!!
Posted by Edster on :
Looks like we are giving up the little gains from yesterday.
Posted by Pagan on :
I expect a major SP spike/uptrend end of next week. GTE to deliver 2-hour presentation/webcast at the Cowen and Company 34th Annual Technology Conference Thursday, June 1, 2006 8:45 a.m. ET.
Posted by Edster on :
quote:Originally posted by Pagan: I expect a major SP spike/uptrend end of next week. GTE to deliver 2-hour presentation/webcast at the Cowen and Company 34th Annual Technology Conference Thursday, June 1, 2006 8:45 a.m. ET.
In anticipation of this event do not be surprised to see the GTE market movers slowly but surely drive the share price down in anticipation of a SP spike. Today's low volume may be an indicator that this is happening.
Posted by Peaser01 on :
Waiting for the next buying opportunity to swing trade this one again. Thanks for the heads up Pagan.
Pagan, is your next entry price under $1? Mine is.
Posted by Pagan on :
quote:Originally posted by Peaser01: Waiting for the next buying opportunity to swing trade this one again. Thanks for the heads up Pagan.
Pagan, is your next entry price under $1? Mine is.
I don't see anything in the forseeable future that should drive the price down below $1. It appears GTE has built some support in the high teens and low 20's. I added a new swing position in the teens and look for a gradual move up heading into next week with a spike around the time of the Cowen & Co presentation/webcast. GLTA!
Posted by ehya on :
Pagan,
Could you please tell me where I can see the Cowen webcast?
Posted by mlewis765 on :
companyboardroom.com/conferencecall.asp?date=20060601&client=forbes
Posted by Pagan on :
quote:Originally posted by ehya: Pagan,
Could you please tell me where I can see the Cowen webcast?
Excellent report, ehya. A 34% stake in Direct TV means that GTE is a definate threat looming on the horizon for satellite broadband and tv. The enemy is attacking! It is amazing the amount of control Murdoch has created in his empire...and we did not elect him.
Posted by BchOus on :
Anyone attending the stockholder meeting on June 21st?
Posted by ehya on :
I would like to go back, I get back from Colombia that afternoon.
Posted by ehya on :
"Back across the Atlantic it is possible that a US firm, Sanswire, could have the answer as it prepares to launch its own version of a high-altitude airship: the Stratellite, designed to be stationed at 65,000ft. Stratellite's developer hopes that it will then remain in place to an accuracy of one GPS co-ordinate, providing seamless wireless coverage over approximately 300,000 square miles.
With the first Stratellite technology demonstrator due to be launched from Edwards Air Force Base next month Sanswire is currently well ahead of Lockheed in its development of a high-altitude platform. At 126ft, the Stratellite is considerably shorter than the HAA but the major difference between the two is that the Stratellite is a rigid airship, rather than the more balloon-like HAA.
Sanswire's president, Bob Jones, questioned Lockheed's decision to base the HAA on a non-rigid design. He pointed to potential problems that occur when helium leaks through material because of the small size of the individual gas molecules.
'The traditional non-rigid design is a mistake because it means that the envelope itself has to be extremely thick to retain the helium,' claimed Jones. 'The Japanese in their work on airships have found that already. Those types of non-rigid balloon-type airships are fine at low altitude but even then the helium has to be reconditioned regularly. Lockheed will find the same.'
The Stratellite demonstrator will test Sanswire's photovoltaic solar cells as well as the batteries that will store the generated energy and a variety of different electric motors. The Stratellite is equipped with a sophisticated on-board computer that runs the airship's guidance and navigation system, allowing it to run autonomously or be remote controlled from a control centre on the ground. This computer system also automatically monitors the level of power that has been generated and distributes that power to the Stratellite's different subsystems as required.
Proving Grace's earlier assertion that the weather conditions at high altitude pose the biggest challenge to stratospheric platforms, Sanswire used CFD analysis and wind tunnel testing to aid in the airship's design as well as developing a specialised composite fibre to coat the airship, specifically designed to minimise helium loss.
'Our airship is an advanced rigid design, using an extremely lightweight envelope and very lightweight materials such as carbon composite rods in the structure to give a strong but light vehicle,' said Jones. 'One of the biggest challenges is getting the airship through the jet stream safely so it must be strong.'
Inside the Stratellite the difference with the HAA becomes clear. A network of criss-crossing carbon composite frame beams effectively compartmentalise the individual bags that contain the helium. According to Jones, the Stratellite is the only airship that uses this internal design and with its series of individual helium balloons the risk of gas leaking is greatly minimised.
According to Jones, the environment in the stratosphere poses a number of problems for airships, especially if they are expected to stay there for long periods of time.
'At 65,000ft it is extremely cold which will affect the battery while at the same time the engines have to be kept cool, because they can easily overheat at that height,' said Jones. 'We have put a lot of developmental work into cooling the engine and particularly the photovoltaic cells because they can reach 160-180o C.'
Sanswire has developed a unique proprietary cooling system that is built into the solar panel to keep it cool.
Many of the broadband wireless technologies that the Stratellite will use are being developed by Sanswire's parent company Globetel at its German base, which works with the University of Stuttgart. Within the next month some of these will be tested on-board one of NASA's high-altitude aircraft which are capable of reaching altitudes of up to 65,000ft.
Jones and his team have grand ambitions for the Stratellite and he dreams of providing a national wireless broadband network using a fleet of airships. However, possible future applications for the Stratellite also extend to areas such as border control and battlefield surveillance as well as climate research.
For those who thought the future of the airship went down with the Hindenburg, it would seem the tide is finally turning back in favour of this most graceful of vehicles, as the next generation of airship begins to take shape. Meanwhile, back in Akron, the town is still buzzing. For Don Plusquellic, the town's mayor, this rebirth of the blimp is fantastic news. 'The airships are back and it's thrilling,' he said."
Source: The Engineer
Date Published: May 23, 2006
Date Last Modified: May 23, 2006 View more items by this source
Posted by imakmony2005 on :
GlobeTel Expands Its VoIP Voice Platform into Brazil with the Launch of iLigue.com.br Wednesday May 31, 10:31 am ET
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--May 31, 2006--GlobeTel Communications Corp. (AMEX:GTE - News), today announced that its newly-launched, customized, VoIP-based communications network for Brazil, iLigue.com.br offers Brazilian telecom customers an unparalleled level of flexibility and cost-efficiency, whether calling next door or around the world. ADVERTISEMENT
Following the introduction two weeks ago of VozBrasil.com, a VoIP network designed specifically for Brazilians living in the United States, iLigue(TM) is today being rolled out in conjunction with GlobeTel's Brazilian partners -- first in the northeastern region of Brazil, then continuously throughout the remainder of the country. This extraordinarily flexible communications network allows Brazilian residents to obtain a telephone number in Brazil, the US or in any other country without the need for either broadband Internet access or special equipment.
Any iLigue.com.br customer in Brazil who would like his friends or family in the US to be able to call him -- without incurring the normal charges associated with making calls from the US to Brazil -- can now have a local US phone number issued to him by GlobeTel. This US number is linked with any location the Brazilian customer elects -- that is: his home phone, his business phone or his cell phone -- and when called by his US-based Brazilian friends or relatives, that phone will ring instantly in Brazil. And, when the call is completed, the caller will be charged only for a local US call.
Dan Erdberg, President of GlobeTel's VoIP Division, stated, "Telecommunications tariffs in Brazil are extremely high. We've developed a system specifically for Brazil that not only allows our customers to have local phone numbers and service in Brazil, with the ability to call within their state or anywhere in the country at a very low cost, but it also gives them the ability to have a US-based phone number that can be forwarded to their Brazil-based cell phone, home phone or office phone. This is very useful for Brazilians who do business in the US, or those with family connections in the US, for example sons and daughters studying in America or other relatives who have emigrated to America. In addition, we've dramatically reduced the cost of international calls made on our network from Brazil to other countries."
Timothy Huff, CEO of GlobeTel Communications stated, "The Brazilian people have a very solid history of progressive thought ingrained throughout their culture, their society and within their business communities. When we decided to make GlobeTel's VoIP technology available to local business partners, the first country that we considered was Brazil. It is not only the fifth most populous country in the world and the second largest economy in the western hemisphere, but it is also a shining example of familial harmony and self-sufficiency. With those unique demographic and cultural attributes in mind, we concluded that it was exactly the right strategy to link our special technology to users in one of the most forward-thinking countries in our hemisphere."
Within minutes of registering online, an iLigue(TM) customer can have his own Brazilian or US phone number assigned and operating. This real-time feature is one of the many conveniences iLigue(TM) customers can enjoy. Additionally, with advanced telephony features such as digital voicemail and customizable "follow me" services (a form of call forwarding), iLigue(TM) customers can now have access to a range of new and exciting telephony options.
By making contact through http://www.iLigue.com.br or by calling 55.82.4009.5100, both business clients and individual customers anywhere in Brazil can begin enjoying highly cost-effective calling plans starting at under 50 Real per month.
About GlobeTel VoIP
GlobeTel VoIP is a retail-oriented business unit specializing in flexible, carrier class VoIP platforms built specifically for service providers. GlobeTel's StrateVoIP(TM) product is a private-label solution designed for ISPs, cable companies, telcos, and all other providers who wish to offer VoIP services to their local markets. The StrateVoIP platform is operated using GlobeTel's proprietary VoIP software, which allows clients to design completely customized calling packages to fit the needs of their specific local markets. This unique, customizable solution provides everything required by any service provider to become a leader in VoIP technology without the usual obstacles involved in building out a carrier-class VoIP platform. With the StrateVoIP platform, service providers can utilize their own private label, deliver a single bill and provide direct customer support to their customers.
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect" "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements.
Contact: GlobeTel Communications Corp., Fort Lauderdale Robert Bleckman, 954-775-1427
Posted by Edster on :
quote:Originally posted by Pagan: I expect a major SP spike/uptrend end of next week. GTE to deliver 2-hour presentation/webcast at the Cowen and Company 34th Annual Technology Conference Thursday, June 1, 2006 8:45 a.m. ET.
Very quiet here following this morning's webcast. Not much price action at very low volume.
Posted by Pagan on :
quote:Originally posted by Edster:
quote:Originally posted by Pagan: I expect a major SP spike/uptrend end of next week. GTE to deliver 2-hour presentation/webcast at the Cowen and Company 34th Annual Technology Conference Thursday, June 1, 2006 8:45 a.m. ET.
Very quiet here following this morning's webcast. Not much price action at very low volume.
Agreed. I had expected more of a move with the presentation. But with that said, I see no negative news lurking in the shadows, so a slow climb should be on tap. Additional noteworthy PR's should provide for intraday spikes along the way IMO. GLTA!!
Posted by Edster on :
Just got my proxy vote in for the shareholders meeting. Three items up for vote: (1). Election (or re-election) of officers (2). Selection of accounting firm (3). Increasing number of company shares from 150M to 250M
(1)and (2)are not too controversial unless you do not like any of the current officers. However,item (3) may be an issue - adding new shares usually dilutes the value of current shares - thus reducing share prices.
Any thoughts????
Posted by Edster on :
Things seem to be kinda quiet on the topic of GTE prospects. I guess all us GTE stock holders are licking their wounds and muling over their losses (myself included). Will we ever see the $3-$4 pps level again??? Heck, at this point a $2 level would be a welcomed sight. Upcoming June shareholder's meeting should be interesting. Wonder how Huff will present his case for achieving all those performance objectives that were established (specially the one about increasing shareholder value). Also, this is probably the time to expect another incoming round from Motley Fool regarding the dire straits for GTE stock holders.
Posted by rrttd on :
what ever happened to air ship they still blowing it up by mouth
Posted by Edster on :
quote:Originally posted by rrttd: what ever happened to air ship they still blowing it up by mouth
Based on recent releases there is enough hot air at the GTE Director's level to blow up many, many air ships.
Posted by BchOus on :
I have a question.......Scottrade has a "show exchange" setting on their streamer...Gte is showing 6 different exchanges at different bid and ask, GTE, GTE.A, GTE.C, GTE.M, GTE.P, AND GTE.T. Does anyone know about this and can clarify the different exchanges? They also show an option chain...
Posted by Edster on :
At this loss rate, GTE should be under $1.00 by the time of the stock holders meeting in late June. Back on 16 May GTE closed at $1.67. A loss of almost .45 in just over three weeks. I need to have a .28 increase just to get to my breakeven point.
Posted by ehya on :
Im in Colombia on vacation, and can see how the area would definitely benefit from a stratellite. The terrain has far greater variations then I ever imagined.
Posted by Edster on :
GlobeTel Adds Conformed Signatures to 2004, 2005 Form 10-K, Additional Information to Footnote in 2005 Form 10-K Business Wire - June 09, 2006 12:16
FORT LAUDERDALE, Fla., Jun 09, 2006 (BUSINESS WIRE) -- GlobeTel Communications Corp. (AMEX:GTE), today amended its annual report on Form 10-K for the years 2004 and 2005 to include the conformed signature of its independent auditor Dohan & Co. CPAs, on the audit report filed electronically, and to clarify a paragraph in Section 10 on the Form 10-K for the year 2005. There were no changes to the financial statements.
Posted by Dustoff101 on :
quote:Originally posted by ehya: Im in Colombia on vacation, and can see how the area would definitely benefit from a stratellite. The terrain has far greater variations then I ever imagined.
------------------------------------------------- Ya the mountains are a great place to launch a terrorist missle from when they bring the Blimp down for maintanance, or fly the thing up to go on station...Oh' wait a minute, is one of um even flying yet?
Posted by ehya on :
quote:Originally posted by Dustoff101:
quote:Originally posted by ehya: Im in Colombia on vacation, and can see how the area would definitely benefit from a stratellite. The terrain has far greater variations then I ever imagined.
------------------------------------------------- Ya the mountains are a great place to launch a terrorist missle from when they bring the Blimp down for maintanance, or fly the thing up to go on station...Oh' wait a minute, is one of um even flying yet?
I do appreciate your prespective, but I consider that scenerio very unlikely. I find a very heavy military and police presence everywhere I go. I think a situation like that would only occur near the amazon; and I don't think Globetel has much interest in that area.
Posted by Pagan on :
Added a new swing position today. Things are looking ripe for a PPS spike with the GTE SHM scheduled for next week. Would not be surprised to see some positive PR's come out preceding the SHM. GLTA!
Posted by PENNY PIRATE on :
News about the U.S.Forestry Service on the GlobeTel website. This could be the start of some great PR's before the shareholders meeting. Hearing about it from the conference is one thing, to read about it on the GlobeTel website is even better! GLTYA!
Posted by Edster on :
Back on 10 April the GTE BOD set the following performance objective for HUFF:
"30 June 2006: Sanswire Networks, GlobeTel's High Altitude Airship program, will have completed the tethered testing of its Sanswire II technology demonstrator and will have performed an un-tethered free flight test at a significant altitude."
It will be interesting to see if this actually happens before the stockholder's meeting on 21 June 2006.
Posted by imakmony2005 on :
yep awhole lot of news should be coming out before the shareholders meeting, are huff is D.O.A at that meeting. got more at 1.12, let it fly!!!!!!!!
Posted by Pagan on :
Btw...GTE will be webcasting live their SHM on 6-21-06. Could make for some interesting intraday activity. GLTA!
Posted by imakmony2005 on :
very true, pagan.
Posted by Edster on :
Pace Accelerates for GlobeTel Wireless Pilot Testing Worldwide Business Wire - June 16, 2006 10:05
FORT LAUDERDALE, Fla., Jun 16, 2006 (BUSINESS WIRE) -- In 1878, the world's first commercial telephone exchange was established in New Haven, CT. It had 21 subscribers and the switchboard was composed of carriage bolts, handles from teapot lids and bustle wire. This fledgling operation, humble as it was, signaled the beginning of a revolution that forever changed the way the world could communicate. The revolution continues almost 130 years later as the world demands faster, cheaper and more efficient voice, data and video communications. The GlobeTel Wireless Division of GlobeTel Communications (AMEX:GTE) is working to develop and install advanced communications resources in diverse regions of the world, led by the testing of its HotZone 4010 terrestrial-based wireless technology. Similar in concept to the carriage bolts, teapot handles and wire of yore, the HotZone pilots are the required building blocks from which complete networks will be constructed.
In addition to the recently disclosed U.S. government pilot/test currently underway in California (click here for additional information http://www.globetel.net/06122006.pdf) where the US Forest Service is evaluating HotZone 4010's effectiveness in alerting and preventing forest fires, GlobeTel Wireless has pilots either in progress, concluded or in the advanced planning stages in China, Ghana, Republic of the Congo, Japan, Germany and a second pilot in Mexico for Grupo IUSA (click here for additional information http://www.globetel.net/061506.pdf), one of Mexico's largest industrial conglomerates. GlobeTel Wireless's first pilot in Mexico, for Marcatel S.A. de C.V., yielded the desired result of one half-mile (800 meter) signal clarity using an ordinary household cordless telephone. (Click here for additional information http://www.globetel.net/MexicanPilotTest.pdf)
"Pilot testing is the crucial first step in developing large scale wireless networks," explained Timothy Huff, CEO of GlobeTel Communications. "We've been aggressively responding to the overtures made toward us by telecom providers, entrepreneurial family businesses and governments regarding tests in their particular markets. And, subject to recently-established counterparty screening procedures, we are actively pursuing new opportunities to install HotZone wireless technology wherever quality counterparties emerge and when it makes clear economic sense for the Company. Our technology is currently being closely evaluated by the US Department of Agriculture to combat a problem that seems to only get worse each year -- forest fires. We're gratified that our specially adapted HotZone platform will be tasked by our government with such an important role."
Mr. Huff continued, "To date, the Company has received more than a quarter of a million dollars in pilot deposits. As we continue to advance our HotZone technologies, we anticipate being able to bring a wider array of services and applications to our partners and clients. For example, our newest wireless technology advance, the HotZone 5000, currently scheduled for launch at the end of the third quarter 2006, will incorporate over 1,000 channels of wireless IPTV."
In China, GlobeTel Wireless concluded its 90-day pilot in conjunction with the Shenzhen Railway Company, one of the units of Guangdong Tietong South Communication Co. Ltd. The testing route follows an existing railway line that traverses the bustling Guangdong Province. The half-mile clarity achieved during our Mexico City pilot was perfectly replicated in China. As a result of the successful outcome of these tests, we are currently discussing a joint venture for the construction and operation of a wireless network which will operate in the Guangdong Province, home to more than 80,000,000 people.
In April 2006, in sub-Saharan Africa, the Company was approached by Giant Int'l (GH) Ltd., to develop a HotZone wireless communications infrastructure for the nation of Ghana and for the Republic of the Congo, two underserved telecom markets. Construction of the test bed was paid for by Giant and once testing is completed, GlobeTel and Giant will review the feasibility of a joint venture to operate networks in the two countries.
Following successful pilots in southwest Germany, the buildout of the first -- of three -- German HotZone wireless networks will be completed during the third quarter of 2006. These GlobeTel Wireless ventures in Germany will have a retail focus, providing service for the first time directly to individual subscribers.
The Company continues to make good progress with Japanese telecommunications authorities in order to address a variety of frequency issues in anticipation of beginning a previously-announced pilot in conjunction with the Kashiwabara Token Corp. of Japan.
Posted by imakmony2005 on :
Bring it on HUFF. MORE TO COME, IMO
Posted by imakmony2005 on :
GlobeTel Investor Relations Return to About GlobeTel Overview Investor Overview
Corporate Profile
GlobeTel Communications Corp is committed to investors by building a highly profitable, internationally focused company that maintains a strong financial position and maximizes shareholder value.
GlobeTel is positioned as a premiere provider of communication products and enhanced value-added services, investing in its commitment to deliver superior service in high margin foreign markets to a diverse international customer base through expansion of its network worldwide utilizing state-of-the-art Voice-over-Internet-Protocol (VoIP) technology.
Our high quality solutions are viable and cost-effective alternatives to traditional products and services.
We invite you to find out more information on GlobeTel by using the links below. GTE (Common Stock) Exchange AMEX (US Dollar) Price $1.28 Change (%) 0.14 (12.28%) Volume 2,018,500 Data as of 06/16/06 4:01 p.m. ET Minimum 20 minute delay Refresh quote
Contact Information
Primary IR Contact Robert Bleckman GlobeTel Phone: (954) 775-1427 E-mail: investors*globetel.net
Posted by imakmony2005 on :
WELL LOOKS LIKE SELLING BEFORE THE SHM.
Posted by Edster on :
Selling before the SHM isn't a good sign. SHM are usually considered a positive event (unless the company is in serious trouble) and the SP should remain stable or even slightly increase. GTE has lost almost 10% since this past Monday. Keep your fingers crossed - hope that HUFF & Co spring some very, very good surprises at today's SHM.
Posted by imakmony2005 on :
crossing fingers.
Posted by Edster on :
Well looks like we are in for a DOWN day even with the SHM. Alreaday down .06 and no reports from the SHM with any positive news. We will probably see under $1.00 by the end of the week here. YUCK!!!!!!!!!
Posted by PENNY PIRATE on :
Think again Edster! Reports are coming in that there are more pilot orders than GTE can keep up with at the moment. Testing will commence in July for SansII. The webcast should begin shortly. Don't let these shorts win, GTE is going to get this right the first time IMO! GLTY!
Posted by Edster on :
quote:Originally posted by PENNY PIRATE: Think again Edster! Reports are coming in that there are more pilot orders than GTE can keep up with at the moment. Testing will commence in July for SansII. The webcast should begin shortly. Don't let these shorts win, GTE is going to get this right the first time IMO! GLTY!
Would you happen to know where the webcast can be located????
Posted by imakmony2005 on :
yes p pirate, where can i hear it??
Posted by PENNY PIRATE on :
THANKS P PIRATE, WHAT TIME IM GETTING MUSIC??
Posted by PENNY PIRATE on :
Keep checking back to it, I guess they are going to edit it! GLTY!
Posted by PENNY PIRATE on :
Maybe it's not going to happen afterall! Music is not bad though!
Posted by imakmony2005 on :
Sounds like delays, At the SHM meet were anounced.
Posted by Edster on :
Obviously, nothing positive came out of yesterday's SHM. Looks like delays in the SANSII flights to July (vice end of June)- if it even happens then. My earlier projection of less than $1.00 ps by the end of the week may not be too far off. Already down to $1.11 in early trading.
Posted by BchOus on :
Just tried to log on with the above link on magicweb.com. A message came up saying that they have recorded my ipo address for security reasons , etc . I can call a phone number they listed. Blah, Blah Blah. The site must have been rented for a day. So what's the best way to find out the minutes of the SHM now? I see the stock is falling in price....GTE had best do something positive, in a hurry....
Posted by Edster on :
GlobeTel Communications Reports Results of Annual Shareholders Meeting FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--June 22, 2006--The Board of Directors of GlobeTel Communications Corp. (AMEX:GTE) reported the following results at its 2006 Annual Shareholders Meeting held June 21.
The Company's recommended slate of directors was ratified by shareholders with 81,481,930 votes, or 88% of all votes cast, for J. Randolph Dumas, Chairman; 81,075,194 votes, or 87% of all votes cast, for Timothy Huff; 81,495,904 votes, or 88% of all votes cast, for Jonathan Leinwand; 82,036,576 votes, or 88% of all votes cast, for Dorian Klein; 82,035,586 votes, or 88% of all votes cast, for Michael Castellano; and 81,966,661 votes, or 88% of all votes cast, for Ambassador Ferdinando Salleo.
The proposal to ratify Dohan & Co. as the Company's auditors for the fiscal year 2006 passed with 82,654,596 votes, or 89% of all votes cast. The proposal to increase authorized shares to 250 million from 150 million passed with 75,883,483 votes, or 82% of all votes cast.
The Company disclosed during the meeting that its Sanswire II airship will begin flight testing in mid-July. Subsystem testing is currently in progress. Timothy Huff, CEO of GlobeTel Communications, attributed the new testing date to the replacement of photovoltaic panels and the carbon framing received from outside manufacturers that revealed defects during a stress test.
The Annual Shareholders Meeting will be available as a webcast starting 5 p.m. ET today by visiting the GlobeTel web site at http://www.globetel.net .
Posted by Edster on :
How would the move to increase shares from 150M to 250M affect the near term stock price. Seems like this significantly increases the "float" and therefore put a damper on any significant price increase in the near future. We may be stuck in the low $1 - $1.30 range for a long long time.
Posted by imakmony2005 on :
well i love going for the falling knife so got more at 1.07 gonna flip my way out, i hope.
Posted by Pagan on :
quote:Originally posted by Edster: How would the move to increase shares from 150M to 250M affect the near term stock price. Seems like this significantly increases the "float" and therefore put a damper on any significant price increase in the near future. We may be stuck in the low $1 - $1.30 range for a long long time.
Edster... The shareholders voted to approve the Authorized Shares to be increased. That in no way translates to immediate dilution of Outstanding Shares or Float. There is a huge difference between A/S and O/S. And being that GTE is on the AMEX, they have to meet SEC guidlines for share registration. So there is no increase in the O/S or float in GTE's near term future.
Posted by Edster on :
quote:Originally posted by Pagan:
quote:Originally posted by Edster: How would the move to increase shares from 150M to 250M affect the near term stock price. Seems like this significantly increases the "float" and therefore put a damper on any significant price increase in the near future. We may be stuck in the low $1 - $1.30 range for a long long time.
Edster... The shareholders voted to approve the Authorized Shares to be increased. That in no way translates to immediate dilution of Outstanding Shares or Float. There is a huge difference between A/S and O/S. And being that GTE is on the AMEX, they have to meet SEC guidlines for share registration. So there is no increase in the O/S or float in GTE's near term future.
Thanks for the clarification Pagan.
Posted by PENNY PIRATE on :
http://www.globetel.net/ Listen to the shareholders meeting here! Everything appears to be progressing just fine. There is a Strat delay until Mid July. India Money Remittance to roll out in Mid July. All segments have matured at an extrodinary pace, just listen first, then comment! GLTYA!
Posted by Dustoff101 on :
Is it Millertime again folks? Buy at .91?
Posted by imakmony2005 on :
buy now.
Posted by Dustoff101 on :
Monkey see no evil? See no harm? Ruskies behaving now? Monkey buying now? Surfs up? Fish are are jumping? Why should I buy now?
I got bills man!
Posted by imakmony2005 on :
All the above, Surfs going off and im out there.
Posted by imakmony2005 on :
back and were up.
Posted by Dustoff101 on :
Yep, nice little call..
Posted by imakmony2005 on :
Next to run.IMO $ 1.10
Posted by Dustoff101 on :
Ya, about time again, just need Pagan and a PR.
Posted by imakmony2005 on :
YEP,Hey do any fishing lately dust?
Posted by Dustoff101 on :
Well, no. Had a little timex problem.....
Posted by Pagan on :
Added more here *1.10. Looks to have bottomed here with some decent support. Looking for next PR that should provide an SP spike. GLTA!
Posted by jordanreed on :
got more * 1.10 also!!...
Posted by Hannibull on :
good buys guys! closed at 1.21, I'm thinking about getting in myself for a long term hold, (I sold this once at $4.20, man oh man)
I haven't followed GTE in a while though, are they still busy with the stratelite project? Anything I should be careful about? I'll do my homework in a bit but if you can give me tips for this company I'd appreciate it. If a good PR comes out with decent volume this baby goes up like crazy!!!! (at least that's been my experience)
Posted by imakmony2005 on :
yep going up.
Posted by Dustoff101 on :
Cash short, wouldn't ya know it.
Posted by jordanreed on :
seein res. at 1.34
Posted by jordanreed on :
out at 1.28....11%
Posted by imakmony2005 on :
Nice jordanreed.
Posted by Edster on :
CHMS, NFX, GTE and ORB Update the Investment Community in All-New Interviews With www.wallst.net PR Newswire - July 05, 2006 10:23
On June 7, Timothy Huff, CEO of GlobeTel Communications Corp. (Amex: GTE) updated the investment community in an all-new interview with www.wallst.net . Interview highlights include detailed discussions on the following topics:
-- the company's five main divisions, and their target markets -- how the company's technology allows the company to make 'every cordless telephone a virtual cell phone' -- current capitalization, and financial partnerships -- trends in the market bolstering the company's prospects for growth, and steps the company is taking to capitalize on these trends -- 'multi-billion opportunities' for the company's technology -- upcoming milestones for investors to watch for
To hear the interview in it's entirety, visit http://www.wallst.net , and click on "Interviews." Interviews require free registration, and can be accessed either by locating the respective company's ticker symbol under the appropriate exchange on the left-hand column of the "Interviews" page or by entering the respective company's ticker symbol in the Search Archive window at the bottom of the "Interviews" page.
Posted by jordanreed on :
waitin for consolidation at 1.10...
that seems to be support
Posted by Peaser01 on :
Anyone remember the A/S v O/S last year before the R/S to move GTEL to the AMEX?
Posted by Peaser01 on :
You all mean I have to look it up on my own?
All right. Uncle.
Posted by imakmony2005 on :
PUMP
Posted by jordanreed on :
looks like its that time again...
1.10
Posted by Edster on :
quote:Originally posted by jordanreed: looks like its that time again...
1.10
... and heading lower !!!!!
Posted by Pagan on :
I'm thinking maybe 1.05-1.06 is a likely bottom. Gotta say I like the resilience over the last 2 days considering how much the markets have been down.
Posted by Edster on :
There was a lot of BIG talk at the SH meeting about good things happenin for GTE in July. Well we are half way thru July and it is awful quiet.
Posted by Pagan on :
Added a new swing at $1.00 today, may drop a bit more tomorrow. Looking for bottom tomorrow to add another swing position in hi .80's to lo .90's. GLTA!!!
Posted by jordanreed on :
July 17, 2006 3:53:00 PM ETGlobeTel Announces Delay of Sanswire II Flight Test; Testing Window Extended to Later Dateadvertisement
Related information E-mail this article Print-friendly versionStocks mentioned in this articleGlobeTel Communications Corp.(GTE) Quote, Chart, News
All Business Wire NewsGlobeTel Communications Corp.'s GTE wholly-owned subsidiary, Sanswire Networks LLC, has announced a short delay in launching the test flights of Sanswire II due to a manufacturing defect which has been discovered on several of the carbon-fiber parts of the airship. Sanswire has just received these remaining components (known as "Taco Shells") from the manufacturer and, after a rigorous quality assurance inspection by Sanswire's QI Officer, discovered that they do not meet the minimum performance standards established by the company's aerospace engineers. In addition to the defects found in the carbon-fiber fin spars and fin assembly, the cross-brace structural support for the fins has also been delayed from the company's German supplier. As a result of these unexpected component failures, these parts are being re-manufactured by the supplier and those replacements are due to arrive in Palmdale around the last week of July and mid-August. These component delays will now, assuming no further delays, push the new launch window to between the 20th and the 30th of August.
Related newsMarket Report -- In Play (GTE)CHMS, NFX, GTE and ORB Update the Investment Community in All-New Interviews With www.wallst.net Bob Jones, President of Sanswire, stated, "As much as we do not like it, unexpected component failures are not at all unusual in either the military or the commercial aviation business. This is especially common when dealing with complex composite materials that are manufactured in several unique shapes and designs. By maintaining the most stringent levels of quality control, our team has been able to identify defects in the components before exposing them to the rigors of the flight tests. While we are more anxious than anyone to prove the exceptional technology that we have developed, we also want to limit even the smallest possibility of component failure during our flight tests."
Timothy Huff, CEO of GlobeTel Communications, stated, "Our highly dedicated group at Sanswire has accomplished, and continues to accomplish, more than could ever be imagined. And, they are doing this with comparatively fewer resources available to them than are available to the largest aviation companies in the world, whose airship projects are still years behind our own. I attribute this to several factors: the strong commitment to the unprecedented deployment of geo-stationery Stratellites; the innate intelligence and collective experience of our Sanswire Team; the small, entrepreneurial, non compartmentalized, non-bureaucratic organizational structure in which our team of engineers and scientists operate; the resourcefulness and forward-thinking strategies of the Sanswire leadership and team; and the mission-critical precision with which all phases of Stratellite development have been executed. We will continue to update our shareholders as events warrant. We have now waited for more than a year for our near-space technologies to reach this point and we naturally want to ensure that the first flight tests are completely successful. In particular, we don't want to suffer needless setbacks because, under pressure of public scrutiny, we have rushed the launch to meet arbitrary timelines. The delay is now down to a few weeks, not a few months, and once the tests have begun, we will provide unclassified pictures and data to our shareholders as that information becomes available."
About Sanswire
Posted by Edster on :
Has there been some kind of halt on trading for GTE this morning? The level IIs look all screwed up - and there doesn't appear to be any shares trading as of 9:50 am. With yesterday's depressing (but not unexpected)PR out I thought that maybe the stock would open lower this morning.
Posted by Peaser on :
Looks like GTE has been halted. I wonder why?
Posted by Edster on :
quote:Originally posted by Peaser: Looks like GTE has been halted. I wonder why?
I doubt that it is halted because of any pending GOOD news. Possibly more bad news on top of yesterday's flight test start delay. Who knows how far this will drop if it is additional bad news.
Posted by Peaser on :
9:25 halted today. Might be more bad news on the way, or maybe the SEC could be involved.
I'm watching this for an entry, but maybe not.
It all depends on why it stopped trading this morning.
Posted by Peaser on :
Has anyone called them to find out why GTE stopped trading today?
Their tele is prolly ringin' off the hook!
Posted by bdgee on :
Peas, I can't find anything official that there is a halt, for whatever reason. I just hear rumor and see no sales.
Posted by Peaser on :
When pigs fly Speaking of buck-a-stub stocks, probably the best thing I can say about GlobeTel (AMEX: GTE) is that its business plan makes LEA's look utterly rational and stable by comparison. If entire businesses could be diagnosed with ADD, GlobeTel would be on the way to the pharmacy for some Ritalin.
It's been touting its money-losing VoiP services for years, but it burst out of pennyland in early 2005 with a goofy-sounding plan to float WiMax blimps and deliver everything from voice, data, and television to users from these platforms.
Of course, GlobeTel's blimp story was, for a few frantic months, bumped off the front page by the $600 million Russian WiMax deal it claimed to have, a deal that would catapult it past huge and established equipment and service providers such as Motorola (NYSE: MOT), Nokia (NYSE: NOK), Vimpel Communications (NYSE: VIP), and Mobile Telesystems (NYSE: MBT).
It made zero sense to me, of course, but my questions were met with a high degree of animosity from GlobeTel management. Delay after delay ensued. Excuses were offered. Then, of course, the deal failed utterly.
So, it was back to the blimp story. There was only one, teensy problem, of course: It still doesn't have a blimp that can do what it claims -- at least by the standards of folks who would say it's one thing to build something in a hangar and let it float, and quite another to see the thing fly 13 miles up, transmit, hover for months at a time, pilot itself automatically, power itself with rechargeable solar systems, and do all the other great things GlobeTel management promises it will do.
Moreover, it's a long way from ever getting this done, and it's woefully behind the original schedules for the most preliminary flight testing of the scaled-down model. I don't think it'll ever get one working, though I expect that it might be able to cobble together a demonstrator that will float around long enough to generate some buzz.
But even that is on hold, as GlobeTel released a statement late yesterday afternoon explaining, surprise surprise, that "flight" testing of the latest blimp model would be late because of problems with some carbon-fiber "tacos." (No, you can't make this stuff up.)
Sounds a lot like the endless, seemingly reasonable delays that preceded the flop WiMax deal to me, although GlobeTel apologists will likely be reassured. As the excuses keep coming, with trading halted this morning pending the release of material news, investors would do well to keep ignoring this hot stock tip.
Posted by Edster on :
quote:Originally posted by Peaser: Ouch, possible delisting!!
Amex halted them for now.
Conference after hours today with AMEX and GTE.
If GTE gets de-listed from the AMEX we are probably looking at a .50-.60 share price with little hope of ever recouping the share price loss even with a successsful flight test of the SANSWIRE in August. Apparently,GTE management has lost ALL credibility with the investment community. You must really screw things up to get delisted from the AMEX. I'm sitting on about 11,000 GTE shares with a B/E around $1.50 - needless to say my prospects aren't very good.I hope all you guys had a chance to get out at least with some profit.
Posted by Peaser on :
Sorry for all those currently in the trenches. Things look bleak now, I have a feeling that they may squeak by AMEX and remain listed for a bit, but the pps will probably take a good hit when trading resumes.
There probably will be a bounce when they begin trading again so I'll be watching it for apossible quick 15%-20% daytrade.
So then, they may be in trouble over time if they can not maintain the $1 per share minimum for the required time period, and if they don't get the strat in the air A.S.A.P. Delays on the strat testing have been going on for about 3 - 4 years I believe.
The recent dilution since they have moved to the AMEX hasn't helped share price either. Keep a look out for that if you're still in.
Posted by IMAKEMONEY on :
ouch!
Posted by George on :
hey guys.....been a while...working too much but I still keep an eye on this one....
Posted by IMAKEMONEY on :
How low George??
Posted by Peaser on :
Hey Geo, long time no see.
Hope you're doing well.
Posted by Dustoff 1 on :
bid .01 ask 201,000
bit of a gap, eh?
Posted by Peaser on :
lol, it's still halted.
I might consider selling my 1 share that I've been holding for the last year for the asking price.
Posted by jordanreed on :
is this a good time to buy?
Posted by bdgee on :
Don't think ya can with it halted....
Posted by Edster on :
Well the bright side is that as long as trading is halted - you can't LOOSE anymore money on GTE. If this stock gets delisted I think we will quickly fall into the .50 -.60 share price region with little or no real hope for a quick recovery. We sure have come a long way from that UPBEAT "Huff-A-Mania" shareholders meeting back on 21 June. Is that really the same GTE we see on the AMEX chopping block??????
Posted by Peaser on :
I am thinking .20 before it is all over......
Posted by Pagan on :
GlobeTel Communications Notified of Decision to Begin Delisting Process from Amex
FORT LAUDERDALE, Fla. --(Business Wire)-- July 19, 2006 -- GlobeTel Communications Corp. was notified on July 18, 2006 by the American Stock Exchange (Amex) that it has halted trading and intends to de-list the common shares of GlobeTel Communications Corp., trading on the Amex under the symbol "GTE." The decision, which will be appealed by the Company, is based on the Amex determination that GlobeTel is not in compliance with the continued listing standards in accordance with Section 401(e) alleging that "the Company has engaged in a pattern of issuing overly promotional press releases," Section 132(e) alleging that "the Company has not issued to the Exchange, information concerning the Company," and 1003(f)(iii) of the Company Guide, alleging that "the Company or its management has engaged in operations, which, in the opinion of the Exchange, are contrary to the public interest."
Click here to learn more about e911 and its impact on VoIP Click Here to Learn How You Can Profit from IP Communications. Live, in Person at INTERNET TELEPHONY Conference & EXPO West 2006 in San Diego. Click here to learn more about e911 and its impact on VoIP Get Your IMS Education from The Expert Team at INTERNET TELEPHONY Magazine and TMCnet. This Fall in San Diego at IMS Expo.
The Company maintains that all of its press releases are factual and complete, based upon the Company's knowledge and beliefs at the time of release, and that the Company has provided all information that was requested in writing by the Amex, with no further response from the Amex.
Therefore, the Company intends to vigorously contest this de-listing and will appeal the de-listing in accordance with the process as it exists at the Amex. The Company believes that the trading halt will be lifted following distribution of this press release.
Posted by Edster on :
What happens when this thing gets de-listed. Does it automatically go back to the OTC or pink sheets?
Posted by Pagan on :
Looks to be a bumpy ride near term. Will be looking for a bottom to pick up a new swing position to play the potential bounce. GLTA!!
Posted by Pagan on :
If they fail in their appeal to the AMEX, it would go to the OTCBB.
Posted by Dustoff 1 on :
Well Pagan, it was one hell of a ride...Here we go again..You gotta luv it! Geezz, Keystone cops, wild and crazy ruskies, Blimps floating in Hangers, maybe? Geez maybe another reverse split and ride the winds all over again!
Howz about a new symbol or name...
GTE----------> HUFF for symbol puff hard into blimp, company motto..
Company new name? Howz about? well me will let readers come up with something..Mise well have some fun while waiting for the thing to get revamped and cycling again..LOL
Posted by Pagan on :
Well...there is no need for an RS, they only have 104MM OS. But, I do agree it should be a wild ride for this little money maker. Should be alot of volitilty to provide many more chances for some heavy swing action. GL!
Posted by Dustoff 1 on :
There may be "IF" they take the dilution route. to raise capital...Not much left on the table now. But I'm sure Huffpuff will 'splain sumpin..
Posted by jordanreed on :
this is more fun than qbid!!
Posted by Peaser on :
Looks like this might trade today.
Posted by Peaser on :
Could slip to .20 - .30 possibly.
Pre-split prices.
Posted by jordanreed on :
got back in at 59....out at 71
Posted by Peaser on :
nice jr
Posted by Dustoff 1 on :
ASK.61 BID.60 LAST.60
vol 1.5 million.
Posted by Ragedbull777 on :
a nightmare. why is this pos dropping?
Posted by Ragedbull777 on :
quote:Originally posted by jordanreed: got back in at 59....out at 71
How much you make? a few hundred?
Posted by jps on :
Why is it dropping? Hmm... Let me think...
Posted by IMAKEMONEY on :
2000 at .58 gonna holdem
Posted by jordanreed on :
quote:Originally posted by Ragedbull777:
quote:Originally posted by jordanreed: got back in at 59....out at 71
How much you make? a few hundred?
only went in for 1000 shares...made 100
Posted by Dustoff 1 on :
quote:Originally posted by IMAKEMONEY: 2000 at .58 gonna holdem
------------------------------------------------- Sure you don't mean eat um, Monkey..LOL
Posted by IMAKEMONEY on :
Never No,LOL, But you got to have a pair to play.
Posted by Peaser on :
Fluff just hit the wires.
Posted by IMAKEMONEY on :
NICE!!!!!!! .78
Posted by Dustoff 1 on :
Bye yim-in-neee here we go again! LOL
Posted by Peaser on :
Careful, folks want to hear what is going on with the appeal from being delisted from the American Stock Exchange.
If the appeal falls through, .30 could become a reality.
Posted by IMAKEMONEY on :
Related Quotes Sym. Price Chg. GTE Trade News 0.79 -0.19 US Air Force Approves Statement of Capability for Sanswire Flight Testing
July 20, 2006 13:15:46 (ET)
PALMDALE, Calif., Jul 20, 2006 (BUSINESS WIRE) -- GlobeTel Communications Corp.'s (GTE, Trade) wholly owned subsidiary, Sanswire Networks LLC, has been granted a Statement of Capability (SOC) by the Air Force Flight Test Center (AFFTC) of the United States Air Force, permitting Sanswire to flight test its Sanswire 2 high altitude airship technology demonstrator. Sanswire began to seek approval for the SOC in February of this year. NASA's Dryden Flight Research Center, also located at Edwards, will provide meteorological services to the Air Force Flight Test Center in support of Sanswire's flight test effort.
The flight tests will occur at Edwards Air Force Base in California's high desert. It is planned that flight tests may extend through the fourth quarter of 2006. The Sanswire airship is scheduled to fly several test sorties at Edwards Air Force Base Range after the successful completion of tethered flights.
"We are now about to start the flight test program for the Sanswire 2 Airship, our Technology Demonstrator. These test flights will begin after the replacement carbon composite structure is received from our suppliers as described in the July 17 press release," stated Bob Jones, Sanswire's President.
Timothy Huff, CEO of GlobeTel Communications, stated, "I view this as a significant step toward our goals and I applaud Bob and his team on obtaining the approval for the SOC."
About Sanswire
Sanswire is developing a Wireless Broadband Network utilizing high-altitude airships called stratellites, which are similar to satellites but stationed in the stratosphere instead of in orbit. Stratellites will be used to provide wireless voice, video, and data services. The Stratellite is being designed and tested to operate at an altitude of between 55,000 and 65,000 feet utilizing onboard Guidance and Navigation Control (GN&C) to achieve its on-station position.
At an altitude of only 13 miles, each Stratellite will have clear line-of-site to an entire major metropolitan area and should allow subscribers to easily communicate in "both directions" using readily available wireless devices. Each Stratellite will have hybrid electric motors powered by solar cells, other state-of-the-art power generation systems and energy storage technologies.
In addition to Sanswire's Wireless Broadband Network, proposed telecommunications uses include cellular, 3G/4G mobile, MMDS, paging, fixed wireless telephony, HDTV and others. For more information, please go to http://www.sanswire.com or http://www.globetel.net.
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect," "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements.
SOURCE: Sanswire Networks LLC
For Sanswire Networks LLC, Palmdale Robert Bleckman, 954-775-1427 Copyright Business Wire 2006
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Posted by R1 Man on :
I really hope it doesn't get delisted....I just dropped $5,000 in it today....I want to sell at $0.85. After that, sure.......they can delist it (another big opportunity). I think it will get back in the $0.80s by mid next week. It is interesting all the negative PR. And the fact that they seem to always release good PR with the bad just makes me laugh. Good luck to all and I agree with the predictions of $0.20-.30 if delisted....which I think that will take a month to 3 months to happen.
Posted by IMAKEMONEY on :
EOD .70
Posted by Peaser on :
Last Sale .50!! Geez.
Now .66
Posted by Peaser on :
quote:Originally posted by George: I am thinking .20 before it is all over......
I see someone just registered at the old gtel dot org site.
You aren't still running that are you?
I haven't checked in on it in who knows how long.
Posted by IMAKEMONEY on :
I show Last sale .702-VERY NICE.
Posted by Peaser on :
Did anyone ever tell you that AMEX stocks have after hours trading?
What have you been smokin' anyhow? .702?
Either your broker sucks or you're lying.
Posted by IMAKEMONEY on :
No really.Follow your tag line you will do fine.
Posted by Peaser on :
Wow, someone just bought 500 at .80. poor schlub.
Posted by IMAKEMONEY on :
LOL
Posted by Peaser on :
Thanks monkey, I am waiting for the low.
Posted by IMAKEMONEY on :
Good luck.
Posted by Peaser on :
I don't need no schtinking luck! (spoken with a Steve Martin russianesque accent) Posted by IMAKEMONEY on :
Posted by Pagan on :
I picked up some at $.62 today. I would look for followup pr's to support a new bounce. Though slippage is definitely not out of the question. Intestinal fortitude rules the near term on this stock. GLTA!!
Posted by IMAKEMONEY on :
Ya baby.
Posted by IMAKEMONEY on :
IMAKEMONEY Member
posted July 20, 2006 02:25 PM -------------------------------------------------------------------------------- --------------------------------------------------------------------------------
Related Quotes Sym. Price Chg. GTE Trade News 0.79 -0.19 US Air Force Approves Statement of Capability for Sanswire Flight Testing
July 20, 2006 13:15:46 (ET)
PALMDALE, Calif., Jul 20, 2006 (BUSINESS WIRE) -- GlobeTel Communications Corp.'s (GTE, Trade) wholly owned subsidiary, Sanswire Networks LLC, has been granted a Statement of Capability (SOC) by the Air Force Flight Test Center (AFFTC) of the United States Air Force, permitting Sanswire to flight test its Sanswire 2 high altitude airship technology demonstrator. Sanswire began to seek approval for the SOC in February of this year. NASA's Dryden Flight Research Center, also located at Edwards, will provide meteorological services to the Air Force Flight Test Center in support of Sanswire's flight test effort.
The flight tests will occur at Edwards Air Force Base in California's high desert. It is planned that flight tests may extend through the fourth quarter of 2006. The Sanswire airship is scheduled to fly several test sorties at Edwards Air Force Base Range after the successful completion of tethered flights.
"We are now about to start the flight test program for the Sanswire 2 Airship, our Technology Demonstrator. These test flights will begin after the replacement carbon composite structure is received from our suppliers as described in the July 17 press release," stated Bob Jones, Sanswire's President.
Timothy Huff, CEO of GlobeTel Communications, stated, "I view this as a significant step toward our goals and I applaud Bob and his team on obtaining the approval for the SOC."
About Sanswire
Sanswire is developing a Wireless Broadband Network utilizing high-altitude airships called stratellites, which are similar to satellites but stationed in the stratosphere instead of in orbit. Stratellites will be used to provide wireless voice, video, and data services. The Stratellite is being designed and tested to operate at an altitude of between 55,000 and 65,000 feet utilizing onboard Guidance and Navigation Control (GN&C) to achieve its on-station position.
At an altitude of only 13 miles, each Stratellite will have clear line-of-site to an entire major metropolitan area and should allow subscribers to easily communicate in "both directions" using readily available wireless devices. Each Stratellite will have hybrid electric motors powered by solar cells, other state-of-the-art power generation systems and energy storage technologies.
In addition to Sanswire's Wireless Broadband Network, proposed telecommunications uses include cellular, 3G/4G mobile, MMDS, paging, fixed wireless telephony, HDTV and others. For more information, please go to http://www.sanswire.com or http://www.globetel.net.
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect," "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements.
SOURCE: Sanswire Networks LLC
For Sanswire Networks LLC, Palmdale Robert Bleckman, 954-775-1427 Copyright Business Wire 2006
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Posted by Peaser on :
Monkey Spammer.
Posted by IMAKEMONEY on :
What can i say, im in this.
Posted by Peaser on :
So am I. I own 1 share.
Last Sale: 17:09:59 $.65 - 100 shares
Posted by IMAKEMONEY on :
I just hope i hit the dip right today. .58
Posted by Peaser on :
If they put out a PR mentioning that AMEX isn't going to delist them, then this will probably fly back up to the 1.30's IMO.
We'll see what happens. Who knows? It could just keep moving up from these lows as the 3 year chart suggests, if they don't get delisted that is.
Posted by IMAKEMONEY on :
Agreed.
Posted by Edster on :
quote:Originally posted by Peaser: If they put out a PR mentioning that AMEX isn't going to delist them, then this will probably fly back up to the 1.30's IMO.
We'll see what happens. Who knows? It could just keep moving up from these lows as the 3 year chart suggests, if they don't get delisted that is.
When will AMEX make the final decision on de-listing? Is GTE already on the three day reclama period?
Posted by R1 Man on :
I don't think they can just get delisted out of the blue. I know with the NASDAQ....they get a warning letter and given a period of time to conform. Now GTE is not bankrupt....they're worth more than a million....I just don't see this crashing just yet. To me, it seems like they do this crap all the time.....look back on the history of this and you'll see how they release bad PR then follow it with good PR. Its like they are setting the market up so someone can get rich quick. I made $13,600 on this last year.....this year is another great opportunity. Think about this.....if they release some good PR about the delisting process....it will move back up....if the PR says they won't get delisted....then it will jump 20-30% back into the $1.00+ range. If they release PR saying DELISTED...then CRASH abd burn.....Just set your stop loss at $0.50 and ride it out. When you compare the gain against the small loss....its just makes sence.
Posted by Peaser on :
8K out.
Posted by Pagan on :
quote:Originally posted by Peaser: 8K out.
That was released pre-market yesterday.
Posted by IMAKEMONEY on :
.75 premarket
Posted by Peaser on :
Thanks Pagan. I read yahoo wrong. lol
Posted by IMAKEMONEY on :
Give up that PR Huff, Lets roll!
Posted by BchOus on :
We are traveling this month in our RV..Florida, Georgia, and north....so far have run into wi-fi hot spots and am able to connect free at the RV parks...more and more hot spots are being added for travelers... however there is alot of dead space. So now I relize the fantastic benefit of the wi-fi strat...I could stay connected, buy and sell while riding through America...I certainly wish GTE would speed it up abit..I love the freedom!
Posted by R1 Man on :
Does anyone see any PR about GTE getting delisted besides the MOTLEY FOOL PR???
Posted by Edster on :
Big drop so far this morning. Probably it is the anticipation of the AMEX de-listing action happening sometime today or tomorrow.
Posted by IMAKEMONEY on :
please post de-listing link Edster.thanks
Posted by Edster on :
quote:Originally posted by IMAKEMONEY: please post de-listing link Edster.thanks
I hope it doesn't happen. Given that GTE was given notice last week from AMEX about the possible de-listing, the three-day response time for GTE to make their argument NOT to be delisted should be expiring here soon. It they can't convince AMEX then I would suspect a notification would be put out by AMEX. If a notification is issued (one way or another) I'll post the link if I can find it.
Posted by IMAKEMONEY on :
Thanks, I see the notice, just not that weve been de-listed. yet. Sure hope we dont.
Posted by jack4656 on :
If you haven't seen this yet, you will find it interesting.... Please pay special attention to the last paragraph which reads "If you agree, and are a stockholder, please email “investors*globetel.net ” and cc to t.huff*globetel.net. Include your real name if you expect any credibility, and state that you are a stockholder, but don't expect a reply. Be respectful in your comments, but you might use the subject, “Mr Huff, please step down as CEO”." http://www.equitygroups.com/amex/gte/messages/50905.html Posted by Hannibull on :
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--July 25, 2006--GlobeTel Communications Corp. (AMEX:GTE) today announced that it has notified the American Stock Exchange (Amex) of its decision to appeal the Amex Staff Determination to delist the common shares of GlobeTel from the Amex.
GlobeTel had announced on July 19, 2006 that it had received a letter from the American Stock Exchange that there had been a Staff Determination to strike the Company's common shares from listing and registration on the Amex.
The Company's appeal will be heard by the Amex's Listing Qualifications Panel. The Company's understanding is that the panel is comprised of three individuals chosen from a group of 18 that comprise the Committee on Securities and represents members from the floor, representatives of member firms and listed companies. According to the Amex Company Guide, the hearing will be scheduled, to the extent practicable, within 45 days of GTE's appeal. GTE anticipates that its common stock will continue to trade on Amex pending a decision by the Listing Qualifications Panel.
There can be no assurance that the Company will be successful in its efforts to remain on the Amex, in which case the Company expects that its common stock would trade on the over the counter bulletin board.
About GlobeTel Communications Corp.
GlobeTel Communications Corp. develops and provides an integrated suite of telecommunications products and services, leveraging its advances in Stored Value, VOIP and Wireless Access technologies. Individually, each of GlobeTel's five business units function as distinct, stand-alone entities: Together they're the components of the Company's SuperHub(TM) worldwide VoIP network, currently in development and to consist of the Sanswire Stratellite(TM) platform and products enabling simpler, cheaper transmission of voice, data and money. GlobeTel has historically focused its business development on markets outside of the United States. Current and pending operations exist in Asia, Europe, South America, Mexico and the Caribbean. For more information, please visit: http://www.globetel.net.
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect," "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements.
CONTACT: GlobeTel Communications Corp., Fort Lauderdale Robert Bleckman, 954-775-1427
SOURCE: GlobeTel Communications Corp.
Posted by IMAKEMONEY on :
Were good, I hope.
Posted by Edster on :
The fact that GTE has recently been trading for less than $1.00 doesn't bode well for continued listing on the AMEX. This coupled with the perception of some questionable (from AMEX's viewpoint) GTE PR releases paints a bleak picture for the future of GTE on AMEX. I don't think that GTE has the ammunition needed to defuse this delisting action. Unless Huff & Co has something up their sleeve it is just a question of when it'll happen. I doubt it'll take AMEX the full 45 days alloted to schedule the appeal hearing and make their final decision.
Posted by jordanreed on :
"when it will happen" has always been the question..
it will happen(imo)..
to get this strat in the air,,everything has to be 100% perfect.. and this takes many hit and misses..
would hate to see it fail
so to ensure that it doesnt will take time..
the problem arises when Huff tries to put a timetable on it.. that cant be the correct avenue..
one defective part and the mission is put on hold once more...
thats not gte's fault...
but niether is it Amex's fault...
I believe gte will deliver,, but I'm not in yet..
Posted by jordanreed on :
i misunderstood your post, ed...
"when it will happen" ..i was refering to the flight..
Posted by IMAKEMONEY on :
We need news! Say something Huff.
Posted by Peaser on :
I agree monkey. We might have to change the position of the "L" in the thread title.
Kind of ironic.
Posted by IMAKEMONEY on :
ouch no Peaser,lol
Posted by Peaser on :
Sorry man, it was an evil joke. lol
Posted by IMAKEMONEY on :
lol
Posted by IMAKEMONEY on :
PUT TWO BUY ORDERS IN .49 AND .53 F-IT THIS WILL COME BACK.JMO
Posted by Edster on :
Isn't the 2nd quarter financial status (Apr-Jun 2006)report due out here shortly.
Posted by Pagan on :
quote:Originally posted by Edster: Isn't the 2nd quarter financial status (Apr-Jun 2006)report due out here shortly.
Around 8/15 if I am not mistaken.
Posted by Edster on :
quote:Originally posted by Pagan:
quote:Originally posted by Edster: Isn't the 2nd quarter financial status (Apr-Jun 2006)report due out here shortly.
Around 8/15 if I am not mistaken.
TY Pagan - probably the actual AMEX delisting will most likely occur soon after the release of the 2nd quarter report unless something SPECTACULAR (and verifiable) happens at GTE.
Posted by Pagan on :
quote:Originally posted by Edster:
quote:Originally posted by Pagan:
quote:Originally posted by Edster: Isn't the 2nd quarter financial status (Apr-Jun 2006)report due out here shortly.
Around 8/15 if I am not mistaken.
TY Pagan - probably the actual AMEX delisting will most likely occur soon after the release of the 2nd quarter report unless something SPECTACULAR (and verifiable) happens at GTE.
Actually, they are appealing the delisting. And the appeals process can take up to 45 days I believe. Just have sit and watch what happens and be ready to act for whichever direction she moves.
Posted by IMAKEMONEY on :
BUMP PUMP.
Posted by IMAKEMONEY on :
GOT 500 MORE AT .57, NO FEAR Posted by Peaser on :
AMEX looks like they've got this company figured out IMO.
Related Quotes Sym. Price Chg. GTE Trade News 0.7 0 GlobeTel Communications Reports Second Quarter Fiscal 2006 Results; Updates April 10, 2006 Guidance
August 14, 2006 17:43:15 (ET)
FORT LAUDERDALE, Fla., Aug 14, 2006 (BUSINESS WIRE) -- GlobeTel Communications Corp. (GTE, Trade) reported results today for its fiscal second quarter, which ended June 30, 2006.
Revenues for the second quarter of fiscal 2006 were $21,628,623, an increase of 10% as compared with $19,700,531 for the second quarter of fiscal 2005, and a 2% decrease as compared with $22,294,725 for the first quarter of fiscal 2006. The year-over-year revenue increase was driven predominantly by a proportional rise in Centerline wholesale traffic revenues (telecommunications minutes). Of the quarter's total revenues, $57,920 was derived from sales of our VoIP Phone products and services, wireless products and services and from our Stored Value Card program products, all of which are fresh out of development.
Total gross margin was $404,912, or 1.9% of total revenues for the second quarter fiscal 2006, compared to ($81,985) for the second quarter 2005, and $81,222 for the first quarter of fiscal 2006. This represents a gross margin increase of $486,897 for the year over year comparison, and $323,690 for the sequential comparison. Of this, $373,536 of the year-over-year increase is attributable to higher margins on resale of wholesale minutes.
Net loss for the second quarter of fiscal 2006 on a GAAP basis was $3,969,334 or a net loss of ($0.04) per share, as compared with a net loss of $5,957,329, or a net loss of ($0.08) per share, for the second quarter of fiscal 2005, and a net loss of $3,510,358, or a net loss of ($0.03) per share for the first quarter of fiscal 2006.
Operating expenses for the quarter were $4,381,044, down 26% compared to operating expenses of $5,890,762 for second quarter of fiscal 2005. The decrease is primarily due to a decrease in consulting and professional fees to $420,791 from $3,062,862. Other operating expenses did increase, including research and development, to $528,371 from $374,535; officers' compensation, to $634,700 from $204,922; and travel and related expenses to $440,584 from $155,086.
"With respect to our stated goals in our April 10 news release, we did not, as previously announced, meet our June 30 target for the initiation of the tethered testing of our Sanswire II technology demonstrator, nor for un-tethered free-flight testing at a significant altitude at Edwards Air Force Base. Faulty components from manufacturers that failed stress tests were responsible for the delay. We've been granted a Statement of Capability by the US Air Force for flight-testing, and do expect to begin untethered testing upon the achievement of a 100% defect-free airship, expected during the third quarter," reported Timothy Huff, Chief Executive Officer.
"Our VoIP division, GlobeTel VoIP, which launched VozBrasil during the second quarter, reached its EBITDA-positive objective by the end of June."
He continued, "We had originally expected our Centerline subsidiary to reach $350,000 per month in net operating profit by the end of June. While Centerline was profitable for the quarter and continues to increase its profits, it did not meet the expected net operating profit. During the quarter, Centerline 'maxed out' the capacity of its third party billing software sooner than anticipated. A new system that would not only accommodate our anticipated growth, but also integrate with GTE's corporate accounting system, was implemented during the quarter. The new software required a 60-day testing and implementation period that is now complete. Both the old and new systems had to run concurrently during this period to identify any possible defects and corrections needed in the new system. During this time, we were not able to bring on new Centerline clients, hampering our ability to increase profits. We can now, however, accommodate Centerline's increased billing needs moving forward, in real time, and have realized gains in billed minutes since the changeover to the new system.
"Also, during the second quarter, we declared LLC Internafta to be in default of our agreement to build wireless networks in Russia. A number of class action lawsuits were filed in the wake of our action, based on contentions made by a contributor to a web site. We have since voiced our opinions regarding this contributor and the groundless lawsuits based on the contentions in his articles, believing they are without merit, and do not plan to comment further at this time."
About GlobeTel Communications Corp.
GlobeTel Communications Corp. develops and provides an integrated suite of telecommunications products and services, leveraging its advances in Stored Value, VOIP and Wireless Access technologies. Individually, each of GlobeTel's five business units function as distinct, stand-alone entities. Together they're the components of the Company's SuperHub(TM) worldwide VoIP network, currently in development and to consist of the Sanswire Stratellite(TM) platform and products enabling simpler, cheaper transmission of voice, data and money. GlobeTel has historically focused its business development on markets outside of the United States. Current and pending operations exist in Asia, Europe, South America, Mexico and the Caribbean. For more information, please visit: http://www.globetel.net
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect," "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements.
-- Financial Statements Follow --
GLOBETEL COMMUNICATIONS CORP. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (LOSS) (Unaudited) For the three months Ended For the six months Ended June 30, June 30, 2006 2005 2006 2005 ------------- ------------ ------------ ------------ REVENUES EARNED $21,628,623 $19,700,531 $43,923,348 $37,711,175 COST OF REVENUES EARNED 21,223,711 19,782,516 43,437,214 37,066,480 ------------------ ------------------------- ------------------------- GROSS MARGIN 404,912 (81,985) 486,134 644,695 ------------------ ------------------------- ------------------------- EXPENSES Payroll and related taxes 1,023,183 903,365 1,880,927 1,473,956 Consulting and professional fees 420,791 3,062,862 810,548 4,346,320 Officers Compensation 634,700 204,922 1,116,442 466,034 Bad debts 83,140 289,469 166,369 383,560 Investment banking and financing fees - 9,835 - 449,550 Investor and public relations 99,561 167,867 193,712 193,597 Commissions expense - related party Carrier Services, Inc. - - 694 724,513 Research and development 528,371 374,535 1,052,457 818,460 Other operating expenses 536,915 284,168 892,248 440,148 Telephone and communications 92,106 41,834 154,680 63,781 Travel and related expenses 440,584 155,086 796,870 281,266 Rents 199,103 73,292 329,126 143,251 Insurance and employee benefits 152,596 291,689 266,288 355,105 Depreciation and amortization 169,994 31,838 354,843 50,240 ------------------ ------------------------- ------------------------- TOTAL EXPENSES 4,381,044 5,890,762 8,015,204 10,189,781 ------------------ ------------------------- ------------------------- LOSS BEFORE OTHER INCOME (EXPENSE) AND INCOME TAXES (3,976,132) (5,972,747) (7,529,070) (9,545,086) ------------------ ------------------------- ------------------------- OTHER INCOME (EXPENSE) Interest income 7,564 15,618 50,141 21,813 Interest expense (766) (200) (766) (34,110) ------------------ ------------------------- ------------------------- NET OTHER INCOME (EXPENSE) 6,798 15,418 49,375 (12,297) ------------------ ------------------------- ------------------------- LOSS BEFORE INCOME TAXES (3,969,334) (5,957,329) (7,479,695) (9,557,383) INCOME TAXES Provision for income taxes - - - - Tax benefit from utilization of net operating loss carryforward - - - - ------------------ ------------------------- ------------------------- TOTAL INCOME TAXES - - - - ------------------ ------------------------- ------------------------- NET LOSS $(3,969,334) $(5,957,329) $(7,479,695) $(9,557,383) ------------------ ------------------------- ------------------------- WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC 104,467,980 75,003,707 102,919,203 70,570,901 DILUTED 104,467,980 75,003,707 102,919,203 70,570,901 ------------------ ------------------------- ------------------------- NET LOSS PER SHARE BASIC ($0.04) ($0.08) ($0.07) ($0.14) DILUTED ($0.04) ($0.08) ($0.07) ($0.14) ------------------ ------------------------- -------------------------
GLOBETEL COMMUNICATIONS CORP. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS June 30, December 31, 2006 2005 ---------------------------------------------------------------------- (Unaudited) (Audited) ASSETS CURRENT ASSETS Cash and cash equivalents $1,869,411 $1,228,180 Restricted cash 142,000 1,122,000 Accounts receivable, less allowance for doubtful accounts of $575,409 and $409,100 1,575,207 371,618 Loans to employees - 46,068 Prepaid expenses 959,682 184,434 Prepaid expenses - related party, ISG Jet, LLC 99,480 185,960 Inventory 367,745 67,525 Deposits on equipment purchase 88,993 124,993 Deferred tax asset, less valuation allowance of $10,937,137 and $9,828,700 - - ---------------------------------------------------------------------- TOTAL CURRENT ASSETS 5,102,518 3,330,778 ---------------------------------------------------------------------- PROPERTY AND EQUIPMENT, net of accumulated depreciation of $949,527 and $596,958 7,283,525 7,028,422 ---------------------------------------------------------------------- OTHER ASSETS Intangible assets 10,032,550 9,907,550 Deposits 46,172 52,322 ---------------------------------------------------------------------- TOTAL OTHER ASSETS 10,078,722 9,959,872 ---------------------------------------------------------------------- TOTAL ASSETS 22,464,765 20,319,072 ---------------------------------------------------------------------- LIABILITIES AND STOCKHOLDERS' EQUITY COMMITMENTS AND CONTINGENCIES (NOTE 6) LIABILITIES CURRENT LIABILITIES Accounts payable 1,179,432 907,208 Due to Lexington, Inc. payable in Company stock 100,000 - Due to related party payable in Company stock - Carrier Services, Inc. 204,807 901,606 Due to former employee payable in Company stock 86,790 237,600 Due to related party payable in Company stock - Hotzone Wireless, Inc. 2,211,666 2,451,834 Accrued expenses and other liabilities 455,905 643,018 Deposits from customers 277,024 - Related party payables 57,500 57,500 ---------------------------------------------------------------------- TOTAL CURRENT LIABILITIES 4,573,124 5,198,766 ---------------------------------------------------------------------- LONG-TERM LIABILITIES Due to related party payable in Company Stock - Hotzone Wireless, Inc. 2,386,667 4,708,167 ---------------------------------------------------------------------- TOTAL LONG-TERM LIABILITIES 2,386,667 4,708,167 ---------------------------------------------------------------------- ---------------------------------------------------------------------- TOTAL LIABILITIES 6,959,791 9,906,933 ---------------------------------------------------------------------- STOCKHOLDERS' EQUITY Series A Preferred stock, $.001 par value, 10,000,000 shares authorized; 0 shares issued and outstanding: - - Series B Preferred stock, $.001 par value, 35,000 shares authorized; 0 shares issued and outstanding: - - Series C Preferred stock, $.001 par value, 5,000 shares authorized; 0 shares issued and outstanding: - - Series D Preferred stock, $.001 par value, 5,000 shares authorized; 1,000 shares issued and outstanding: 1 1 Additional paid-in capital - Series D Preferred stock 999,999 999,999 Common stock, $.00001 par value, 250,000,000 and 150,000,000 shares authorized; 106,749,234 and 98,192,101 shares issued and outstanding 1,068 982 Additional paid-in capital 94,240,167 81,570,082 Stock subscriptions receivable: Series D Preferred Stock (500,000) (500,000) Common Stock (142,135) (44,494) Accumulated deficit (79,094,126) (71,614,431) ---------------------------------------------------------------------- TOTAL STOCKHOLDERS' EQUITY 15,504,974 10,412,139 ---------------------------------------------------------------------- TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $22,464,765 $20,319,072 ----------------------------------------------------------------------
GLOBETEL COMMUNICATIONS CORP. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) For the Six Months Ended June 30, 2006 2005 ---------------------------------------------------------------------- CASH FLOWS FROM OPERATING ACTIVITIES Net income (loss) $(7,479,695) $(9,557,383) Adjustments to reconcile net loss to net cash used by operating activities: Depreciation and amortization 354,843 86,264 Bad debt expense 166,369 (383,560) Write-off of obsolete Inventory 27,940 - Stock option compensation 64,109 - Common stock options exchanged for services 225,170 - Common stock exchanged for services 23,750 3,473,899 (Increase) decrease in assets: Accounts receivable (1,369,958) 1,048,212 Restricted cash 980,000 - Loans to employees 46,068 5,385 Prepaid expenses (775,248) (63,163) Prepaid expenses - related party, ISG Jets, LLC 86,480 - Inventory (328,160) 3,000 Deposits 42,150 (1,324) Increase (decrease) in liabilities: Accounts payable 359,707 327,475 Due to related party - Carrier Services, Inc. (106,231) 454,922 Due to related party payable in Company stock - Hotzone Wireless, Inc. (175,000) - Accrued expenses and other liabilities (187,112) 19,916 Deposits from customers 277,024 (32,335) ---------------------------------------------------------------------- NET CASH USED BY OPERATING ACTIVITIES (7,767,794) (4,618,692) ---------------------------------------------------------------------- CASH FLOWS FROM INVESTING ACTIVITIES Acquisition of property and equipment (609,946) (5,923,437) Advances to related party - Hotzone Wireless, Inc. - (21,658) Acquisition of Intangible assets (125,000) - Deposit on equipment - (16,000) ---------------------------------------------------------------------- NET CASH USED BY INVESTING ACTIVITIES (734,946) (5,961,095) ---------------------------------------------------------------------- CASH FLOWS FROM FINANCING ACTIVITIES Sale of preferred stock - Series B - 5,085,200 Sale of preferred stock - Series D - 250,000 Sale of common stock and stock warrants 2,652,353 5,102,152 Sale of common stock - exercises of options 52,807 - Proceeds from loan payable to unconsolidated foreign subsidiary - CGI - 1,514,015 Proceeds from conversion of stock warrants 6,426,295 - Proceeds from convertible notes payable - 1,800,000 Payments on loan payable to unconsolidated foreign subsidiary - CGI - (60,000) Payments for letters of credit - (172,000) Payments on capital lease financing - (4,604) ---------------------------------------------------------------------- NET CASH PROVIDED BY FINANCING ACTIVITIES 9,131,455 13,514,763 ---------------------------------------------------------------------- Effects of exchange rate changes on cash 12,516 - NET INCREASE IN CASH AND EQUIVALENTS 641,231 2,934,976 CASH AND EQUIVALENTS - BEGINNING 1,228,180 601,559 ---------------------------------------------------------------------- CASH AND EQUIVALENTS - ENDING $ 1,869,411 $ 3,536,535 ---------------------------------------------------------------------- SOURCE: GlobeTel Communications Corp.
GlobeTel Communications Corp., Fort Lauderdale Robert Bleckman, 954-775-1427 Copyright Business Wire 2006
Posted by R1 Man on :
quote:Originally posted by IMAKEMONEY: Good luck, R1 Man, SPRINT DEAL???? AND GATE SAID WIFI EVERY WHERE HMM.
Happy I sold at $0.73 to get my money back. I knew the price would dip back down....but I think I will wait until later this week to get back in. I think the $0.63 x $0.65 will drop lower and maybe I can get some around $0.60-.61 range.
Posted by IMAKEMONEY on :
THE FOOLS, Putting out somemore bad press. GlobeTel: Feel the (Cash)Burn By Seth Jayson (TMF Bent) August 16, 2006
Another quarter, another series of failures and excuses from WiMAX pretender GlobeTel (AMEX: GTE), the company that has dazzled investors with tales of WiMAX blimps and giant Russian WiMAX deals -- dreams that have a bad habit of, you know, not coming true.
Many GlobeTel fans out there insist that the firm is being held back by a large corporate conspiracy involving the likes of Lockheed Martin (NYSE: LMT), Nokia (NYSE: NOK), Motorola (NYSE: MOT), Verizon (NYSE: VZ), Comcast (Nasdaq: CMCSA), and News Corp. (NYSE: NWS). (Can't you see! If GlobeTel succeeds with high-altitude airships, broadband telephony, and Internet TV, it'll mean the end for all of them!)
Anyone who steps away from the Kool-Aid ought to see the simple fact that GlobeTel management, especially CEO Tim Huff, consistently fails to deliver on its promises. That holds true whether those promises are big (testing the WiMAX blimp on schedule) or small (getting its Centerline subsidiary "to reach $350,000 per month in net operating profit by the end of June").
This quarter's numbers offer another carnival of the macabre. Though GlobeTel actually managed to eke out a positive gross margin of $404,912 dollars, that sum represents a paltry 1.87% of revenues. And the figure is less than the astonishing $440,584 dollars this small company spent on travel in the quarter.
Four hundred and forty thousand on travel alone? Hey, I don't get it either. I'm guessing managers aren't flying steerage and staying at the Motel 6. But even if they are, officers can take comfort in total compensation that rose more than 200% from the prior-year period, to $634,700 -- just another of the line items that dwarfs the entire gross margin.
The final net loss was actually a bit smaller than the prior year's, but it was still nearly $4 million. Those who think any improvement on that line means good things might possibly want to check out the cash flow statement, where the fog of accounting dissipates under the harsher light of greenback reality. Cash burned by operations was much higher in this half-year than the prior-year period, -$7.8 million vs. -$4.6 million. Lower capex slowed the overall burn rate, but a glance at the balance sheet, where you see only $1.8 million in cash and cash equivalents, ought to tell you what's likely to come next: more shares.
GlobeTel's share count has already ballooned more than 39% between last year and now, something that happens when you burn that much cash and have to resort to share sales and convertible warrants in order to keep your company in the green.
Unfortunately for the cash-hungry free-spenders at GlobeTel, the Amex is seemingly set on putting this puppy to sleep, saying GlobeTel "engaged in a pattern of issuing overly promotional press releases" while "its management has engaged in operations, which, in the opinion of the Exchange, are contrary to the public interest." GlobeTel -- which has, of course, appealed the determination -- may soon get the heave-ho onto the pinkies. Without a liquid market in which potential angel investors could dump, er, I mean resell their GlobeTel shares, it may be tough for GlobeTel to attract financiers. And it probably won't be any easier now, given the lengthening track record of failure illustrated in the latest earnings release.
Is GlobeTel going to survive? That I don't know. One thing I do know for sure: Jane and Joe Investor ought to think twice, ignore gullible market prognosticators, and let someone else, anyone else, finance GlobeTel's pricey, profitless dreams.
For related Foolishness:
A Random Walk Down Penny Lane The GlobeTel Silent Treatment GlobeTel Still on Hold GlobeTel's Australian Odyssey More Hot Air From GlobeTel Get all the inside information you need in our collection of investing newsletters. From wallflowerish small caps to swashbuckling Rule Breakers, we've got something for every investor. Get in on the action today; all of our newsletters offer a 30-day risk-free trial.
Seth Jayson thinks a WiMAX blimp would be way cool, but he knows the difference between dreams and reality. At the time of publication, he had no positions in any company mentioned here. View his stock holdings and Fool profile here. Fool rules are here.
Posted by IMAKEMONEY on :
.70 NICE!
Posted by IMAKEMONEY on :
.72 CLOSE
Posted by IMAKEMONEY on :
GlobeTel Communications Corp. Announces NASA to Terminate Memorandum of Agreement
Business Wire via COMTEX
Aug 18, 2006 9:37:05 AM
FORT LAUDERDALE, Fla., Aug 18, 2006 (BUSINESS WIRE) --
GlobeTel Communications Corp. (AMEX:GTE) today announced that it has received a 30 day notice from the National Aeronautics and Space Administration that it has determined to terminate the Memorandum of Agreement between the parties signed on June 13, 2005.
According to the letter, NASA decided to terminate the agreement as neither party has actively participated in any tasks under the agreement. The letter also states that the termination does not preclude the parties from working together in the future.
The termination of the agreement does not affect NASA's provision of meteorological services to the Air Force Flight Test Center in support of the flight test efforts involving Sanswire 2, which are to be conducted at Edwards Air Force Base pursuant to the Statement of Capabilities entered into between Sanswire and the Air Force in July 2006.
About GlobeTel Communications Corp.
GlobeTel Communications Corp. develops and provides an integrated suite of telecommunications products and services, leveraging its advances in Stored Value, VOIP and Wireless Access technologies. Individually, each of GlobeTel's five business units function as distinct, stand-alone entities. Together they form a powerful alliance of human talent and technological innovation resulting in the SuperHub(TM) worldwide VoIP network, Sanswire Stratellite(TM) platform and products enabling simpler, cheaper transmission of voice, data and money. GlobeTel has historically focused its business development on markets outside of the United States. Current and pending operations exist in Asia, Europe, South America, Mexico and the Caribbean. For more information, please visit: http://www.globetel.net .
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect," "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements. For additional risk factors and information you should read our SEC filings at www.sec.gov
SOURCE: GlobeTel Communications Corp.
GlobeTel Communications Corp., Fort Lauderdale Robert Bleckman, 954-775-1427
Copyright Business Wire 2006
Posted by Edster on :
No action on GTE so far this morning. Half hour into the trading day and not one share has sold. Is there another halt in trading in place here????
Posted by Hannibull on :
T.2 Halt - News Released The news has begun the dissemination process through a Regulation FD compliant method(s).
Posted by IMAKEMONEY on :
moving right back up!
Posted by Edster on :
What Memorandum of Agreement are they talking about here?
Posted by IMAKEMONEY on :
NASA Agreement and Stratellite Project
On June 13, 2005, we announced that we signed a formal agreement with the National Aeronautics and Space Administration (NASA). The terms of the agreement with NASA's Dryden Flight Research Center at Edwards Air Force Basis in California establish that NASA Dryden will provide assistance in our development and flight testing of the Stratellite, our high altitude Remotely Operated Airship (ROA). Under the agreement, NASA Dryden will provide specialized technical support to our subsidiary, Sanswire Networks LLC, for its development and flight testing of the Stratellite via a series of task agreements. It is expected that the first task agreement will call for NASA Dryden to develop piloted and unpiloted simulations of the Stratellite airship. The simulation would incorporate the airship's aerodynamics, propulsion and control features based upon data provided to NASA Dryden by Sanswire. We plan to provide NASA and other agencies access to the Stratellite for the installation, integration, and development of NASA-sponsored sensors and other projects. The agreement between NASA Dryden is authorized under the Space Act of 1958 under which NASA was established.
We have successfully completed our planned tests at our prior facility in San Bernardino, CA and on June 1, 2005, our wholly-owned subsidiary, Sanswire Networks LLC announced that it has finished its planned move from San Bernardino to Palmdale, California, which borders the air space at Edwards Air Force Base, in preparation for our high altitude tests that are planned to be carried out later this year at Edwards Air Force Base. Continued tests will be focused on the control systems, power systems and high altitude performance criteria. The new facilities are approximately 66,600 square feet
Posted by IMAKEMONEY on :
A/H .71
Posted by Pagan on :
AP Could a Blimp Improve Communications? Sunday August 20, 6:33 pm ET By Alicia Chang, AP Science Writer Could a High-Flying Blimp Improve World's Wireless Communications? Company Gives Idea a Try
PALMDALE, Calif. (AP) -- Bob Jones has a lofty idea for improving communications around the world: Strategically float robotic airships above the Earth as an alternative to unsightly telecom towers on the ground and expensive satellites in space. Jones, a former NASA manager, envisions a fleet of unmanned "Stratellites" hovering in the atmosphere and blanketing large swaths of territory with wireless access for high-speed data and voice communications.
The idea of using airships as communications platforms isn't new -- it was widely floated during the dot-com boom. It didn't really fly then, and Jones is the first to admit the latest venture is a gamble.
Tethered flights of a prototype -- which cost about $3 million to build and is about one-fifth scale model of the planned commercial airships -- are scheduled later this month in this Mojave Desert city, about an hour's drive north of Los Angeles.
Jones says it will be a critical test of the technology.
"I don't want to see it fall on someone's back yard or have it float away to Las Vegas," said Jones, president of Stratellite developer Sanswire Networks LLC.
If everything goes as planned, remote-controlled flights would launch later this year from nearby Edwards Air Force Base. During the tests, the airship is expected to float to 45,000 feet for several hours. He envisions the commercial airships will rise to 65,000 feet -- or about 13 miles -- and stay aloft for 18 months at a time.
For now, Jones' focus is on testing how well the parts of the airship work. He hopes to build a commercial vehicle in the next several years.
Unlike the cylindrical shape of a traditional blimp, a Stratellite has a broad, tapered nose like a shark. The solar-powered dirigible will carry a payload of radio and digital devices.
Interest in airships is on the rise. The U.S. military is exploring them for airborne reconnaissance and homeland security. Corporations also are increasingly eyeing them for civilian communication use.
At the height of the dot-com boom, several companies toyed with providing Internet and phone service from floating communications platforms. Many of those ideas foundered when the Internet bubble popped -- and broadband delivered over phone and cable lines proliferated.
Still, airships might prove most useful in niche markets -- rural dead zones, for example, or during natural disasters when terrestrial towers fail. After Hurricane Katrina, satellite-connected wireless phone providers saw a dramatic spike in usage in storm-ravaged Gulf Coast areas.
That limited market may not be enough for dirigible makers to survive, said Robert Rosenberg, president of Insight Research Corp., a New Jersey-based telecommunications market research company.
"It's an example of a technology that's looking for a market," he said.
Jones believes his solar-powered, helium-filled Stratellites -- so named because they would hang in the stratosphere -- could replace unsightly cell towers and cost less than satellites. Because of the airship's altitude according to Jones, its radio equipment can cover an area the size of Texas.
Cell towers are hampered by line-of-sight limitations and limited range. Geostationary satellites suffer from the quarter-second it takes a signal to travel out 22,300 miles and back -- insignificant in one-way TV transmissions, but terrible for two-way Internet computer communications.
Jones said his floating platforms will carry radio equipment that uses both licensed and unlicensed airwaves. The company will license spectrum if required and also work with companies that already have licenses, he said.
While Jones dreams of covering whole states with wireless services, Arizona-based Space Data thinks it can fill a cellular void by floating weather balloons in the stratosphere that would bring coverage to remote regions.
Space Data plans to test fly a balloon next month over a remote part of North Dakota to demonstrate the technology. The company, which is negotiating with several unidentified cell phone providers, could launch its first commercial balloon as early as next year over west Texas.
"Someday, you can just get a plan from your cell phone provider and you won't even know if you're on the balloon or if you're on the tower," said Chief Executive Jerry Knoblach. "You'll just talk but you'll have coverage even from the bottom of the Grand Canyon."
But questions abound about the durability of dirigibles. No vehicle has ever stayed in the stratosphere -- located above the jet stream where clouds rarely form and where temperatures hover around freezing -- for months at a time. It's unclear how the environment would affect a dirigible.
At Sanswire's guarded hangar, the 125-foot-long prototype named Sanswire 2 is held down by orange sandbags and cordoned off with yellow tape. About 10 employees scurried around to put the finishing touches on the airship before its maiden flight.
Jones' prototype weighs just 750 pounds and contains five separate helium chambers in case one leaks. It is made of tough carbon composite material that gives it a rigid structure like the zeppelins of the early 20th century.
Jones recently returned from a trip to Colombia, saying he spoke with government officials about the potential of deploying Stratellites in the Andes nation.
Other countries also expressed interest, but no contracts have been signed.
Some telecommunication analysts contend builders of high-altitude airships and blimps face a double whammy: The wireless market is already saturated and the technology is relatively new and unproven.
"More power to the entrepreneurs who are doing this," said Steven Titch, a telecommunications expert at the Heartland Institute in Chicago. "But it's a question of convincing venture capitalists that you can make it work."
Posted by IMAKEMONEY on :
I new sumpem was up.
Posted by IMAKEMONEY on :
LET IT RUN!
Posted by PENNY PIRATE on :
Take a look at this-http://www.sanswire.com/ Keep the Faith and GLTYA!
Posted by IMAKEMONEY on :
yep like the site, now show me the money!
Posted by Edster on :
GlobeTel Receives Notice from AMEX of Noncompliance with Additional Continued Listing Requirements; Appeal to Be Heard September 28, 2006 FORT LAUDERDALE, FL--(BUSINESS WIRE)--Aug. 23, 2006--GlobeTel Communications Corp. (AMEX:GTE) today announced that the American Stock Exchange (Amex) provided the Company with a letter dated August 17, 2006 that supplements and updates the Exchange's original July 18, 2006 notice of its intention to de-list the Company and notifies the Company of the Staff's determination that the Company is noncompliant with a number of additional continued listing requirements.
The August 17 letter identified the following concerns as underlying its determination: (i) failure to make timely, accurate and complete disclosure of material corporate developments, as well as engaging in a pattern of issuing materially misleading and overly promotional public disclosures; (ii) failure to comply with Securities and Exchange Commission reporting obligations by filing incomplete, misleading and/or inaccurate information in its public filings; (iii) failure to provide information to the Exchange; (iv) providing materially false and misleading information and statements to the Amex staff hindering its investigation of the Company's compliance with Amex listing requirements; (v) acting to interfere with the operation of a fair and orderly market by issuing public statements not warranted by the Company's affairs that were intended to affect the price of its common stock; (vi) association with an individual with a history of regulatory misconduct that rises to the level of a public interest concern; and (vii) serious internal control weaknesses that rise to a level of a public interest concern.
In contrast to the earlier notice, the August 17 letter also identifies the specific matters underlying the Amex's concerns. The Company believes this additional specificity should help address concerns previously voiced by the Company to the Amex to the effect that the lack of specificity contained in the letter dated July 18 interfered with the Company's ability to undertake a thorough assessment of the Amex's concerns with a view toward mounting an effective defense.
The Company also received a letter dated August 18, 2006 informing it that a Listing Qualifications Panel of the Amex Committee on Securities will hear GTE's appeal of the Amex staff's determination to de-list the Company on September 28, 2006. There can be no assurance that the Listings Qualification Panel will grant the Company's request for continued listing. If it does not, the Company's common shares may return to the OTC Bulletin Board.
The specific sections of the Amex Company Guide cited by the Amex are: 120,127, 132(e), 134, 401, 402, 403, 404, 921, 1001, 1002(d), 1002(e), 1003(d), 1003(f)(iii) and 1101.
Posted by JHenry on :
Saw this drop coming a mile away. Since they will probably be going back to the OTCBB what will happen to the institutional investors? Do they typically dump or do they continue to hold onto their shares when a stock goes to a lower exchange? I have bought and sold GTE 5 times now since April '05. Been with this since page one and my first post was on page 2. I would like get in for another play and am watching for a good bottom play since it is currently at a 52 week low. I am not sure how the institutions will play into the share price if they bail. Still watching and waiting...
Posted by SAHM on :
If GTE gets delisted what happens with the past split?Do you keep with the same amount of shares you have now and just get the lower price?
Posted by IMAKEMONEY on :
You keep the same amount, I bought more at .51 god i hope this one works out.
Posted by a surfer on :
hey your not bashing this one???
Posted by IMAKEMONEY on :
WELL THE FOOLs ARE POSTING AGIAN!Amex Rings GlobeTel Again Motley Fool’s By Seth Jayson (TMF Bent) August 28, 2006
We already knew that GlobeTel (AMEX: GTE) was under the gun. Its home exchange, after all, sent it a notice of intention to delist the stock, saying GlobeTel had "engaged in a pattern of issuing overly promotional press releases" at the same time that "its management has engaged in operations, which, in the opinion of the Exchange, are contrary to the public interest."
Thursday, the firm -- whose loyal fans believe it can outcompete or make obsolete companies as powerful as Lockheed Martin (NYSE: LMT), Cisco (Nasdaq: CSCO), Motorola (NYSE: MOT), Verizon (NYSE: VZ), Comcast (Nasdaq: CMCSA), and AT&T (NYSE: T) -- released an 8-K detailing another note from the American Stock Exchange.
To put it mildly, the Amex does not seem pleased. GlobeTel reveals that the exchange now accuses the company of (emphasis mine):
(1) Failure to make timely, accurate, and compete disclosure of material corporate developments, as well as engaging in a pattern of issuing materially misleading and overly promotional public disclosures;
(2) Failure to comply with Securities and Exchange Commission reporting obligations by filing incomplete, misleading, and/or inaccurate information in its public filings;
(3) Failure to provide information to the exchange;
(4) Providing materially false and misleading information and statements to the Amex staff, hindering its investigation of the company's compliance with Amex listing requirements;
(5) Acting to interfere with the operation of a fair and orderly market by issuing public statements not warranted by the company's affairs that were intended to affect the price of its common stock;
(6) Association with an individual with a history of regulatory misconduct that rises to the level of a public interest concern;
(7) Serious internal control weaknesses that rise to a level of a public interest concern.
Quite a list, no? And I'd say the latter allegations are by far the most interesting. No. 5, well, that sounds like stock manipulation to me. I wonder if the SEC is paying attention to this. Hello? SEC?
Nos. 3 and 4 are even more curious. What is it the Amex wants to know? Why would GlobeTel fail to provide information? And why would GlobeTel provide materially false and misleading information and statements to the Amex?
Maybe, like me, Amex would like to see proof that GlobeTel's claims about various worldwide entities were warranted. For instance, I'm still waiting to see proof that Internafta -- the Russian outfit with the "binding" contract that didn't bind -- ever existed, let alone had assets sufficient to warrant the "contract" and the PR blitz.
(I was suspicious of that deal from day one, especially because CEO Tim Huff couldn't give me a single shred of contact information on those foreign partners when we spoke in the days after the deal. But GlobeTel has long since stopped responding to my calls and emails.)
I doubt those of us who are following the drama will ever see enough evidence to satisfy our curiosity. And as for GlobeTel, I'm not sure it's long for this world. The latest 10-Q showed less than $2 million in cash, versus payroll and taxes of more than $1 million a quarter, in addition to $441,000 for travel and $635,000 in officer compensation. I'd say it's just about out of money.
And on that last bit, management agrees. Here's what it had to say, "The Company anticipates increased cash flows from 2006 sales activities; however, additional cash will still be needed to support operations."
Hmm. And if it can't find anyone to loan or invest?
"... If budgeted sales levels are not achieved, or if significant unanticipated expenditures occur, or if the Company is unable to obtain the necessary funding, the Company may have to modify its business plan, reduce or discontinue some of its operations or seek a buyer for all or part of its assets to continue as a going concern through December 31, 2006."
There's not a whole lot more that needs to be said.
Posted by Edster on :
Knew it wouldn't take long for the Motley Fool to jump all over the recent delisting notice from the AMEX. This looks bleak to say the least - don't think there is one chance in a million that GTE will stay on the AMEX. Now news about Sanswire II test or anything else. Last one out - please turn off ALL the lights and leave your pennies at the door.
Posted by IMAKEMONEY on :
JUST GOT MORE AT .46, WEEEE
Posted by jordanreed on :
and i had faith in gte...
Posted by IMAKEMONEY on :
lol. i still do.
Posted by IMAKEMONEY on :
ready at .39 fill me.
Posted by Edster on :
You have lots of faith in GTE fellas. The NASA MOA is going to expire here within a couple weeks, and unless there is a MIRACLE - the stock WILL get delisted on 28 Sept and it looks like GTE management is quickly running out of cash. If all this happens without any real GOOD news from GTE I think this stock will end up in the low 20's by mid-October. I also think it'll be a steady slide down and we won't get many bounces up to take any quick profits.
PS - I REALLY HOPE I'M WRONG
Posted by IMAKEMONEY on :
Thanks Edster, but i hope your wrong to.
Posted by jordanreed on :
lots of good people on this gte thread...
no in-fighting
its good to see..
no bashing or pumping..just honest thoughts and opinions..
i like gte for some reason,,,they seemed so up front and sincere... they hired some really respected people and things were moving along smoothly. now?..i just dont know. i wont get in again until they can bring back that faith. hope it doesnt turn into another qbid or ncdp!...
glta
Posted by IMAKEMONEY on :
moving up, cant find news?
Posted by BchOus on :
Sanswire is at a trade show in Orlando...AUVSI 8/29-8/31....evidently the Sanswire II is showing well...Go to www.sanswire.com/, upcoming events catagory for info.. I clicked on New Job Opportunities and on the left is the Upcoming Events catagory...
Posted by IMAKEMONEY on :
.52s UP 23% SO FAR
Posted by IMAKEMONEY on :
.55 up 31% yes
Posted by IMAKEMONEY on :
.58 up 38%
Posted by IMAKEMONEY on :
.53 close nice Posted by Edster on :
Almost 2 million shares traded today with a final pps up by 11 cents. Could there be some good news about to break or is this just a "head fake" on the way down? Wasn't the Sanswire II test scheduled for late Aug-early Sept?
Posted by IMAKEMONEY on :
Yes it was Edster and, BchOus Member
Member Rated: posted August 30, 2006 11:41 AM -------------------------------------------------------------------------------- Sanswire is at a trade show in Orlando...AUVSI 8/29-8/31....evidently the Sanswire II is showing well...Go to www.sanswire.com/, upcoming events catagory for info.. I clicked on New Job Opportunities and on the left is the Upcoming Events catagory... -------------------------------------------------------------------------------- Posts: 208 | From: Florida | Registered: Feb 2005 | IP: Logged |
Posted by IMAKEMONEY on :
Bump PUMP.Run damn you run.
Posted by IMAKEMONEY on :
might print some .53s hmm
Posted by dollar13 on :
NICE CLOSE 0.52
LMAO
Posted by IMAKEMONEY on :
dollar13 Member I know this one is out of your price range.LMAO
Posted by Honesty101 on :
Still holding this monkey?
Is the date for the verdict on the appeal due anytime soon? When?
Posted by IMAKEMONEY on :
Been buying all the way down, Im planing on a big pop on news, But that is JMO.Few more weeks and i will own this company,lol
Posted by Vinnie on :
The stock is a dog. they are way cash strapped. Been losing money left and right.
Posted by IMAKEMONEY on :
I see your on all the winners VIN, LMAO
Posted by IMAKEMONEY on :
.58 hmm, whats up?
Posted by IMAKEMONEY on :
.64 yes
Posted by Pagan on :
Sanswire was just on CNBC. About a 5 minute segement on the Stratellite.
Posted by IMAKEMONEY on :
Chit i missed it Pagen, What was said? close .63 nice. Up 21% Posted by CrazyCash on :
CrazyCash , Thanks great news and link, This babys gonna take-off so to speak.
Posted by IMAKEMONEY on :
Pagan Member Your a Mod on the hub?
Posted by NaturalResources on :
Hmmm... they changed the shape of the tail.
Posted by Pagan on :
quote:Originally posted by IMAKEMONEY: Pagan Member Your a Mod on the hub?
Yep, sure am.
By the way, nice volitility the last couple days for some good swings. GTE was stagnant for about 3 weeks there. Hopefully todays exposure bodes well for some more SP swings. GLTA!
Posted by IMAKEMONEY on :
Thanks Pagan, And i hope your right.
Posted by IMAKEMONEY on :
Lets get in those high 6s
Posted by BchOus on :
Thanks for the CNBC Sanswire clip, Cash....I will be soooo happy when the Sanswire is up and running....have been bumping around the country in a RV, finding wi-fi to be scarce and in odd places like, "we only have it available in the club house and we close the club house early, sorry" ....When wifi is hanging overhead, via Sanswire, the vagabond life will be greatly enhanced. and I am not pumping...just wishing and hoping....
Posted by IMAKEMONEY on :
YES BCHOUS, I want the same thing.
Posted by blazingnines on :
You guys want to check out the AMK.V thread posted on this board. I think if anyone is looking for some wicked short- long term gains.. this Gold and Silver exploration and development corp is about to explode... do your own DD.
Blazingnines
Posted by jordanreed on :
quote:Originally posted by blazingnines: You guys want to check out the AMK.V thread posted on this board. I think if anyone is looking for some wicked short- long term gains.. this Gold and Silver exploration and development corp is about to explode... do your own DD.
Blazingnines
wrong thread, blazingninnie...this is gte... stick to the rules and I'll leave you alone
Posted by IMAKEMONEY on :
.60 lets keep it going up! please
Posted by ehya on :
Murdoch and TV-Over-WiMAX Written by Om Malik- Posted Friday at 12:49 PM
A few months ago, Robert Young had said that Rupert Murdoch will and should be very interested in fixed wireless technologies. Subsequent media reports and aggressive (and failed) bids for spectrum in the recent Advanced Wireless Spectrum (AWS) auctions indicate that the wily old fox and his company are seriously interested in life beyond satellite. There hasn’t been much concrete proof of his plans, but today we did discover another little gem which indicates that News Corp. is very interested in WiMAX.
At the upcoming IBC 2006 show, NDS (Nasdaq: NNDS), a PayTV software maker based in UK will demo a TV-over-WIMAX system in partnership with Intel and Modern Times Group’s Viasat Broadcasting, a leading digital satellite pay-TV broadcaster in the Nordic countries. They will show that WiMAX TV software from NDS will be able to deliver content over WiMAX to personal Consumer Electronic (CE) devices such as laptop computers and other handheld devices.
Visitors to the NDS stand at IBC 2006 (1.171) will be able to see a demonstration of live Viasat content encoded in MPEG-4 AVC using a Grass Valley Argos advanced H.264 real-time encoder and then delivered through the NDS WiMAX TV system over WiMAX to an Intel Centrino Duo mobile technology based notebook PC.
Normally one would dismiss this as yet another demo-ware press release, but the fact that NDS’ largest shareholder is News Corp., makes us take note of this announcement. TV-over-WiMAX could take away the important video-over-fixed line arguments that Cable & DSL guys constantly offer when dismissing wireless.
From Murdoch’s perspective, unlicensed spectrum could be one way of getting into the broadband game? Of course we have speculated a future relationship with Clearwire in the US. So many scenarios that can play out, but the one that makes most sense to me: no need to cannibalize his core satellite businesses. Thoughts?
Posted by IMAKEMONEY on :
UP BOY UP.
Posted by BchOus on :
More news on GTE at Yahoo...."Material Definitive agreement, unregistered sale of equities" Several subscritions of large amounts of $$. At the risk of sounding stupid, is this a positive with monies be subscribed for stock purchase or is this shares being sold? Anyone know?
Posted by BchOus on :
Sorry,I didn't read the complete article...these are warrants exercisable up to 5 years. Purchased at .369 I believe.. Sounds pretty progressive...
Posted by IMAKEMONEY on :
Entry into a Material Definitive Agreement, Unregistered Sale of Equ
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT See Item 3.02 below. GlobeTel Communications Corp. (the "Company" or the "Registrant") and the several investors (the "Investors") have entered into Subscription Agreements as further described in Item 3.02 below. The identity of the Investors and the dollar amount of their Subscriptions (as hereinafter defined) is set forth below:
-------------------------------------------------- ----------------------------- Investor Subscription Amount -------------------------------------------------- ----------------------------- Hudson Bay Overseas Fund Ltd $60,000 -------------------------------------------------- ----------------------------- Hudson Bay Fund LP $140,000 -------------------------------------------------- ----------------------------- Nite Capital LP $250,000 -------------------------------------------------- ----------------------------- Castle Creek Technology Partners $300,000 -------------------------------------------------- ----------------------------- The Nutmeg Group $100,000 -------------------------------------------------- ----------------------------- Brio Capital LP $125,000 -------------------------------------------------- ----------------------------- Double U Master Fund $100,000 -------------------------------------------------- -----------------------------
ITEM 3.02 UNREGISTERED SALES OF EQUITY SECURITIES Beginning on September 6, 2006, Globetel Communications Corp. (the "Registrant") entered into subscription agreements with Hudson Bay Overseas Fund Ltd, Hudson Bay Fund LP, Nite Capital LP, Castle Creek Technology, Double U Master Funder, The Nutmeg Group and Brio Capital LP whereby these investors are purchasing a total $1,075,000 in 7% convertible notes, and were issued the Class A and Class B Warrants described below. The common shares underlying the notes and the warrants carry with them registration rights that obligate the Registrant to register such shares within 30 days.
Under the funding arrangement, the notes are convertible into common stock of the Registrant at $0.36939 per share. Prior to any notice of conversion the Registrant has the right, under certain circumstances, to redeem the notes at a premium for cash, subject to a right to convert by the investor.
The investors will receive one Class A Warrant to purchase one share of common stock for every two shares that the notes were convertible into on the closing date as well as one Class B Warrant to purchase the identical number of shares. The Class A Warrants are exercisable for a purchase price equal to 150% of the market price on the day prior to closing and the Class B Warrants are exercisable for a purchase price equal to 200% of the market price on the day prior to closing. The Warrants have a 5 year term
The Placement Agent for the transaction, Westor Capital Group, has the right to raise up to $3 million for the Registrant under the terms and conditions set forth above.
Exhibits.
Exhibits included are set forth in the Exhibit Index pursuant to Item 601 of Regulation S-K
Posted by BchOus on :
What are your thoughts on this Imakemoney? I think GTE is back in the money....
Posted by Edster on :
GTE may be back in the money but at a cost of $1.0M+ in long term debt and/or a large dilution in stock value due to the potential increased number of outstanding GTE shares. Think this will put considerable downward pressure on stock price in the near term - at the minimum. Neither the increased debt or stock dilution will look very good on the balance sheet - wait to the Motley Fool crew makes its position known on this. In their last statement, the MF mentioned that GTE was running out of money - obiously they called that one correctly. This latest GTE gambit along with the AMEX delisting looming in the near future, the imminent expiration of the NASA/GTE Memorandum of Agreement, and the noticeable lack of any positive information on the Sanswire II flight testing schedule, I think we GTE shareholders are in for a long ride down in stock price.
Posted by Edster on :
Down .06 already this morning - could be a big drop today.
Posted by IMAKEMONEY on :
BchOus, I like this company,Just need that bird to fly and were gone,JMO
Posted by maumee river rat on :
WOW!!! I haven't looked at this in a long time!!1
Who Holden the net!!
This sure has not turned out as many thought, has it..
Looks as though it is starten to bottom out...for now..
Good Luck
Posted by IMAKEMONEY on :
.46 WTF
Posted by Peaser on :
"Under the funding arrangement, the notes are convertible into common stock of the Registrant at $0.36939 per share."
That's what folks are thinking Money. Play the psychology of it.
You made a good call pickin' this up under .50 a week or two ago. Hope you flipped some above .60.
Posted by IMAKEMONEY on :
Mr. Clean Neal Wolkoff is trying to make the American Stock Exchange safe for investors again. Good luck. Sure like to clean him up.There are also plenty of losers on the Amex: 45% of its listed companies have dropped in market value this year. Outfits like GlobeTel Communications Corp. (amex: GTE - news - people ), which recently traded at 59 cents a share after scratching $3.96 last December. The Pembroke Pines, Fla. company purports to have a state-of-the-art voice telecom network. But its communications "Stratellites" turn out to be high-altitude, solar-powered, helium-filled blimps. The Amex recently threatened to delist the company for overhyping press releases, "filing incomplete, misleading and/or inaccurate" financial statements and "providing materially false and misleading information" to the exchange's compliance cops. Yet GlobeTel, which has broken into the
Posted by Edster on :
Hopefully the first flight of Sanswire II will take place before the delisting which I think is scheudled for 25 Sept. That should bump the stock up a little and it'll be the last chance for any GTEL shareholders to recoup a little of their losses. Once the delisting actually takes place, this stock will tank into the mid 20s for sure and even a successful flight test after the fact won't help this loser.
Posted by IMAKEMONEY on :
now now edster, huff is blowing up that bag of hot air as we speak.lol
Posted by Edster on :
quote:Originally posted by IMAKEMONEY: now now edster, huff is blowing up that bag of hot air as we speak.lol
Thanks IMA, I'm sure that Huff-a-Puff has enough hot air to fill many, many bags of hot air [lol].
Posted by IMAKEMONEY on :
GlobeTel Installs Wireless Network in Germany
September 20, 2006 18:42:16 (ET)
FORT LAUDERDALE, Fla., Sep 20, 2006 (BUSINESS WIRE) -- GlobeTel Communications Corp. (GTE, Trade) today announced that its GlobeTel Wireless subsidiary has installed a HotZone 4010-based wireless broadband network in Heilbronn, Germany and is now conducting final testing of the network. The Heilbronn network is the company's first one to be completed in Germany, and will accommodate users of both broadband and wireless VoIP telephony over DECT.
The proprietary integration of DECT-enabling technology into the network permits a typical cordless household phone to behave as a short-range mobile phone with a reach of up to 800 meters from a HotZone 4010 base. Wi-Fi Internet access will also be available within that range. Testing in Heilbronn has been conducted utilizing the network for Internet access and VoIP calls using a standard cordless DECT phone that is typical of the majority of the cordless phones sold in Germany.
GlobeTel expects, in October, to begin to sign up customers and to provide those customers with access to an initial portion of the network, covering a specific geographic area. During this initial phase, GlobeTel will closely monitor the network's capacity and stability and, once satisfied, will provide customer access to additional areas of the network based upon demand. GlobeTel expects that it will be able to give customers access to the entire network, encompassing all network access points in the city, within approximately 60 days. Once the network is fully accessible, customers who subscribe to both the broadband and voice service will be able to access their account, surf the Web or place a voice call within any part of the city and to anywhere in the world, at low cost, over GlobeTel's VoIP network.
The Company continues to build out HotZone wireless networks in the German cities of Kaiserslautern and Erfurt. It expects to begin marketing these additional networks to customers following the full activation of the Heilbronn network.
The network is 100% owned and operated by GlobeTel, and will be marketed to both residential and commercial customers in each of these three German markets.
About Heilbronn, Germany
Located in the state of Baden-Wurttemberg, Heilbronn sits on the Neckar River and is home to approximately 120,000 people. The city, at the junction of the A81 and A6 Autobahns, is approximately 100 km south of Frankfurt, and within short driving distance to Stuttgart. Its canal port is one of the most active inland ports in Germany.
About GlobeTel Communications Corp.
GlobeTel Communications Corp. develops and provides an integrated suite of telecommunications products and services, leveraging its advances in Stored Value, VoIP and Wireless Access technologies. Individually, each of GlobeTel's five business units function as distinct, stand-alone entities. Together they're the components of the Company's SuperHub(TM) worldwide VoIP network, currently in development and to consist of the Sanswire Stratellite(TM) platform and products enabling simpler, cheaper transmission of voice, data and money. Historically focused on developing overseas markets, the Company has begun selling VoIP services and testing wireless networks within the United States. Current and pending operations exist in Asia, Africa, Europe, South America, Mexico and the Caribbean. For more information, please visit: http://www.globetel.net
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect," "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements.
SOURCE: GlobeTel Communications Corp.
GlobeTel Communications Corp., Fort Lauderdale Robert Bleckman, 954-775-1427 Copyright Business Wire 2006
Posted by PENNY PIRATE on :
Great news for GTE! The credibility of Mr.Huff has been confirmed with this major objective/goal accomplished. This may be the boost off the bottom we needed. GLTYA!
Posted by IMAKEMONEY on :
Sure hope so p-pirate, LOOKING GOOD.IMO
Posted by glassman on :
the quotes on this look funny this morning....
i wonder why? Posted by IMAKEMONEY on :
lol, thanks Glass.
Posted by Edster on :
Better grab some profits while you can - this will be back to .41-.42 range by EOD
Posted by IMAKEMONEY on :
NO WAY EDSTER, ITS JUST STARTING.IMO
Posted by IMAKEMONEY on :
UP 30%
Posted by Edster on :
Looks like we have run the string out on this price increase for the day. Loosing some momentum here and there seems to be more sell pressure than buy pressure. Hopefully it will hold at it's current lervel of .51 - if it falls below .50 we may fall all the way down to .44-.45 before the EOD.
Posted by IMAKEMONEY on :
I see more news coming down the pipe Edster, JMO
Posted by IMAKEMONEY on :
HELD .51 GIVE ME MORE HUFF!
Posted by Edster1 on :
Next week should be quite interesting in GTE land. The AMEX delisting hearing is scheduled for 28 September. Has anyone heard anything about the schedule for the flight of Sanswire II?
Posted by Edster1 on :
quote:Originally posted by :
[lol] I wish but I am using my laptop.
Posted by glassman on :
LOL... i realised it might be "indiscreet" if you really were.. so i erased it
Posted by IMAKEMONEY on :
UP BOY UP!
Posted by IMAKEMONEY on :
Posted by BchOus on :
Twoooooo days to fly....
Posted by Edster on :
quote:Originally posted by BchOus: Twoooooo days to fly....
AMEX De-listing hearing on 28 Sept????
Posted by IMAKEMONEY on :
September 27, 2006 09:03:19 (ET)
FORT LAUDERDALE, Fla., Sep 27, 2006 (BUSINESS WIRE) -- GlobeTel Communications Corp. (GTE, Trade) today announced that Patrick D. Heyn has joined its Board of Directors. Mr. Heyn, an independent director with expertise in accounting and finance, will also serve as a member of the Company's Audit Committee.
Mr. Heyn, a Partner in the Audit and Accounting department of Daszkal Bolton LLP, brings to GlobeTel more than 20 years of experience in public accounting, including extensive work in providing merger and acquisition advice. Additionally, having supervised hundreds of audits for publicly held companies and having served as Controller of a large public company, Mr. Heyn possesses invaluable knowledge of SEC regulations and disclosure issues. He is an active member of the American Institute of Certified Public Accountants and the Florida Institute of Certified Public Accountants.
J. Randolph Dumas, Chairman of the Board of Directors, stated, "Our Company, the Board and our shareholders will all benefit from Patrick Heyn's experience, and from his insights into public accounting and the increasingly complex intricacies associated with being a U.S. public company. We are pleased that he has elected to join us."
About GlobeTel Communications Corp.
GlobeTel Communications Corp. develops and provides an integrated suite of telecommunications products and services, leveraging its advances in Stored Value, VoIP and Wireless Access technologies. Individually, each of GlobeTel's business units function as distinct, stand-alone entities. Together they're the components of the Company's SuperHub(TM) worldwide VoIP network concept, which is currently in development. Upon completion, the SuperHub(TM) will consist of the Sanswire Stratellite(TM) airship and other wireless products enabling simpler, cheaper transmission of voice, data and money. Historically focused on developing overseas markets, the Company has begun selling VoIP services and testing wireless networks within the United States. Current and pending operations exist in Asia, Africa, Europe, South America, Mexico and the Caribbean. For more information, please visit: http://www.globetel.net
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect" "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements.
SOURCE: GlobeTel Communications Corp.
GlobeTel Communications Corp., Fort Lauderdale Robert Bleckman, 954-775-1427 Copyright Business Wire 2006
Posted by MoneyMoneyMoney on :
WOW, glad I sold this baby back at 2 dollars back in April. Would of been a lot of averaging down to do.....
Good luck to ya'll!!!
Posted by IMAKEMONEY on :
MY BOAT IS LOADED IN THE .40s.
Posted by Edster on :
quote:Originally posted by IMAKEMONEY: MY BOAT IS LOADED IN THE .40s.
My boat is also loaded and sinking fast [lol]
Posted by IMAKEMONEY on :
NOW NOW, I DONT SEE ANY FAT LADYS YET,LOL
Posted by IMAKEMONEY on :
HEY HERE COME THE .50s. Posted by IMAKEMONEY on :
Sep 27, 2006 (M2 PRESSWIRE via COMTEX News Network) --
**********, www.**********, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked short threshold list: GlobeTel Communications Corp. (AMEX: GTE), SpatiaLight Inc. (NASDAQ: HDTV), Infocrossing Inc. (NASDAQ: IFOX), Jo Ann Stores Inc (NYSE: JAS), Mannatech Incorporated (NASDAQ: MTEX), uWink, Inc. (OTCBB: UWNK). For a complete list of companies on the naked short list please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to www.**********.
GlobeTel Communications Corp. (AMEX: GTE) provides an integrated suite of telecommunications products and services, utilizing Stored Value, Voice over Internet Protocol, and wireless access technologies. Its core products and services are telephony services that include international wholesale carrier traffic; networks; and enhanced services, such as prepaid calling services and IP telephony. The company's nontelephony products and services consist of Stored Value Card programs and outsourced Stored Value services, such as prepaid long-distance and international calling services, debit card electronic bank accounts, and funds sharing services for the international banking and telecommunications community. GlobeTel's Super Hub network, which is in development, is a national wireless broadband network utilizing high-altitude airships called Stratellites that would be used to provide wireless voice, video, and data services. The company's operations exist in Asia, Europe, South America, Mexico, and the Caribbean. GlobeTel was founded in 2002 and is based in Pembroke Pines, Florida. With 103.9 million shares outstanding and 4.94 million shares declared short as of August 2006, there is a failure to deliver in shares of GTE.
Posted by Edster on :
Anybody hear anything about the outcome of yesterday's AMEX de-listing decision?
Posted by IMAKEMONEY on :
Looking good at .53
Posted by IMAKEMONEY on :
LL2s moving up??? news anyone ? no delisting?
Posted by Danny12345 on :
nice... I hope they don't get delisted from AMEX....
Posted by IMAKEMONEY on :
We should hear something soon.
Posted by Edster1 on :
Very quiet here in GTE land since last Thursday's AMEX de-listing decision review. The longer it takes the more chance that GTE will be de-listed. Also, wonder why we haven't heard a single word on the status of the Sanswire II flight test. I think in these cases that NO NEWS IS BAD NEWS. imho
Posted by IMAKEMONEY on :
NO NO Edster1, Anytime now BAM LIFT OFF. Posted by IMAKEMONEY on :
.50 Posted by IMAKEMONEY on :
.49 Posted by IMAKEMONEY on :
.50 Posted by George on :
watch out below.....
Posted by Hannibull on :
ouch, they're being delisted... on the pinksheets october 11th
Not suprised with the de-listing. How low do you think this will drop when the market opens on Tuesday. If we stay above .20 it would be a miracle. I will dump most of GTE holdings but will keep a small quantity for sentimental reasons.
Posted by IMAKEMONEY on :
f--k -it, im in for more sellem boyz.LMAO GlobeTel Announces SEC, Audit Committee Investigations, AMEX Delisting Decision
October 06, 2006 17:41:24 (ET)
FORT LAUDERDALE, Fla., Oct 06, 2006 (BUSINESS WIRE) -- GlobeTel Communications Corp. (GTE, Trade) today announced that it has learned that the Securities and Exchange Commission has issued a formal order of investigation concerning, among other things, certain accounting issues, including the treatment of certain acquisitions and the valuation of certain intangible assets.
Additionally, the Company's Audit Committee has authorized an internal investigation into the same matters. The Company and its management intend to fully cooperate in both investigations. The outcome of the investigations cannot be predicted at this time.
The American Stock Exchange has notified the Company that the Listing Qualifications Panel upheld the Amex Staff's determination to delist the securities of the Company. The shares will trade on the American Stock Exchange through October 10, 2006 and then will begin trading on the Pink Sheets on October 11, 2006. The Company will be taking steps to move to the OTC Bulletin Board as soon as practicable.
The Company will inform its shareholder and institutional base of its new trading symbol once assigned, and will keep its interested constituencies informed of developments associated with its migration to the over the counter market, and other developments.
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect," "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements.
SOURCE: GlobeTel Communications Corp.
GlobeTel Communications Corp., Fort Lauderdale Robert Bleckman, Director of Investor Relations, 954-775-1427 Copyright Business Wire 2006
Posted by IMAKEMONEY on :
.35 IN A/H LOOKING AT .20s BOYZ.LOL I will be a buyer!
Posted by IMAKEMONEY on :
GTE RESPONSE "In response to the Oct 6, 2006 press release announcing the Amex decision and the SEC investigation, we at GlobeTel are naturally disappointed at the outcome of the Amex hearing. However, we continue to move forward with our business plan and continue to nurture our business units and relationships. Despite what might appear to be a setback we will continue to bring our products to market. We are also a company that through this nightmare has retained the relationships that matter to us most.
Regarding the SEC investigation, we are all looking at the past valuations of assets belonging to two of our business units and the assumptions and due diligence underlying those valuations. The SEC informed us that an investigation does not imply that any federal laws have been violated. If we discover there to be divergent values, it could result in a restatement of certain financial statements over the last two fiscal years. We are fully cooperating with the SEC and look forward to the completion of this process."
Posted by Pagan on :
I'll be buying if GTE dips into the .20's. Should bottom out and bounce. Everybody be on your toes, the swing opps that will be presenting themselves for the forseeable future should be pretty lucrative. GLTA!!!
Posted by IMAKEMONEY on :
AGREED PAGAN!
Posted by IMAKEMONEY on :
.34 NOT AS BAD AS I THOUGHT TODAY.
Posted by Edster1 on :
quote:Originally posted by IMAKEMONEY: .34 NOT AS BAD AS I THOUGHT TODAY.
Yep - it levelled out pretty nicely. If we make it through tommorrow without loosing anymore ground we may be okay and might start the climb back up. The next obstacle will be Oct 11 when the changeover actually to the OTC takes place.
Posted by MoneyMoneyMoney on :
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20 cents is a safe support level for this stock and they want to make sure the AMEX listing goes through -- because it isn't a done deal! They HAVE to maintain 20 cents (pre split) / $3 (post split) to get on.
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::kicks own ass::
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i resemble that remark
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. just a heads up. ![[Embarrassed]](redface.gif)
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