quote:Originally posted by vwcruisn: id like to hear some opinions on this as well... is this an all or nothing deal.. ie. if the stratellites work.. were all rich.. if they fail.. we lose everything? if they are successful.. what are we looking at as far as a PPS? what about if they fail?
If they fail the stampede will be much much worse than the one we had last week -- I think that is obvious.
The hard part is judging how high it could go if they succeed. Assuming we're on the AMEX by then I think it will run a lot like SIRI given the similar share structure.
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quote:Originally posted by vwcruisn: id like to hear some opinions on this as well... is this an all or nothing deal.. ie. if the stratellites work.. were all rich.. if they fail.. we lose everything? if they are successful.. what are we looking at as far as a PPS? what about if they fail?
If they fail the stampede will be much much worse than the one we had last week -- I think that is obvious.
I will be selling half before the launch.. it is a gamble either way.
I am going to sell half before the launch...either way it is a gamble. sell and lose if it flys...do not sell and crash if it crashes.
The hard part is judging how high it could go if they succeed. Assuming we're on the AMEX by then I think it will run a lot like SIRI given the similar share structure.
[ April 18, 2005, 14:34: Message edited by: George ]
-------------------- If all goes well then great, if not, make it work.
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Where is everyone today? George? Glassman? Have we bottomed yet? Guess I should have sold some @ .25 this morn. Do you think it will continue to drop, how far? I guess everyone is disheartened, had such high hopes, I guess the old addage "What goes up, must come down" sure applies to GTel lately. Any predictions for future? Could use a boost today, spent all day scraping caulking off windows at my rental. Stupid renter caulked them all shut, what's wrong with people?
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Glad your still here, but do you think it will keep dropping? If so, how far? Are we mostly sells, or are people buying too? Don't have level II so can't keep up. Thanks
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I'm buying up more shares when I can. I expect it to jump up. Besides, if the Strat doesn't fly, we still have the STORED VALUE CARDS that will bouy up the pps. Can you imagine the world-wide market for those puppies? Think of hundreds of thousands of aboriginal, amazonian indians with ATM/phone cards in their possession bearing the GTEL logo. The market is LIMITLESS.
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can anyone explain exactly what the stored value cards are? i have been hearing random blurbs about them but I am still a bit unclear about what they are.. is it basically an american express gift card that works like a credit card anywhere with a predetermined amout of cash tied to it?
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STORED VALUE CARDS are one of the products marketed by Globetel. According to their website, they are like secured VISA check cards with the added bonus that you can make long distance telephone calls with them. You pay money into GTEL, they credit it to your card and you can use the card to buy things.
The above-post referencing the cards was a joke.
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Thanks Glassman, I know you have no way of knowing, but you always have pretty good instincts (or insight) and I respect your judgement.
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Apr 18, 2005 (The Business Press - Knight Ridder/Tribune Business News via COMTEX) -- The Inland Empire is among several areas under consideration as a manufacturing site for a telecommunications airship unveiled April 12 at San Bernardino International Airport, a top official said.
"Southern California is where all the aerospace people are," Timothy A. Huff, chief executive officer of GlobeTel Communications Corp. in Pembroke Pines, Fla. The company might consider operating a manufacturing plant in the area, he said.
GlobeTel may also consider sites in Florida and other parts of the East Coast, Huff said.
"We have many, many, many interested parties," Huff said.
GlobeTel, through its wholly-owned subsidiary, Sanswire Networks LLC, plans to build dozens of blimp-shaped airships remotely controlled by computer using global positioning systems. Each ship will be equipped with WiMax radio transmitters that will broadcast cell phone, Internet, radio and television signals over a 400-square-mile area per ship from an altitude of 65,000 feet, about seven miles higher than the cruising altitude of commercial jets. The ships could be used in military projects, Huff said. He wants to launch enough ships ultimately to provide uninterrupted service around the world.
A 54,000-square-foot blanket of paper-thin solar panels made by Iowa Thin Film Technologies in Boone, Iowa, will power the airships' two engines during the day and charge batteries that will energize the ships at night. They will remain aloft for 18 months before returning to earth for maintenance.
More than 500 investors converged April 12 at a hangar at San Bernardino International Airport to view a 188-foot-long aluminum frame prototype partially covered with lightweight silver Kevlar material imprinted with a red Sanswire logo.
The nearly $2 million frame is a precursor to Sanswire's first commercial ship, the Sanswire Two, which will be 400 feet long and built in Palmdale. Each ship will cost $10 million to $15 million.
"It's not a balloon. It's not a blimp. It's a state-of-the-art wireless airship," said a narrator during a video presentation to shareholders.
"It's a good idea if it works. I would like to have seen the real one," said Brian Featherston, an investor from Placentia who attended the unveiling and photographed the ship frame. He worried about the sturdiness of the Kevlar covering.
During a conversation with reporters, Huff said he plans on "outrunning" the competition and that GlobeTel is years ahead of other companies.
GlobeTel offers international telephone services, wireless bank account access, voice-over-IP and other services.
Sanswire plans to launch Sanswire Two in a test flight from Edwards Air Force Base in late summer, once the Air Force and NASA have approved the necessary permits.
Sanswire entered a three-month lease agreement in January with the Inland Valley Development Agency and San Bernardino International Airport Authority and then extended the lease through the end of April, said Penny Chua, marketing director. The joint powers authorities oversee development of the former Norton Air Force Base.
"We do hope they stay longer," Chua said. She discussed with company officials the development of a Sanswire manufacturing plant at the former base, but the company and its parent are not prepared to make final site selections, she said. "They have navigated through the process here already. ... They know it is feasible to build it here," Chua said.
Sanswire will shutter the San Bernardino operation in about four weeks and take approximately 20 employees to the Palmdale facility where "hundreds" more workers will be hired to build the commercial telecommunications ship, Huff said.
Sanswire has had 50 to 65 employees working on various phases of the prototype.
Huff happened across Sanswire's Web site featuring its telecommunications air ships two years ago while researching technology with which to solve the so-called last-mile connection problem, in which telecommunications companies must build costly links and towers to reach out-of-range customers who want Internet and cell phone service.
"I loved their [Sanswire's] ideas," Huff said. "I want to deploy something globally. Tower-based technology is too expensive."
A team of 10 aeronautics engineers and designers, many with experience working with the NASA and the Air Force, are designing the Sanswire ships, Huff said. Two team members helped develop the twin turbofan high-altitude Proteus aircraft, a project built by Scaled Composites LLC in Mojave.
Team member Simon Scott, recruited from the United Kingdom, told shareholders sitting on white chairs in the hangar that the group would perform a lot of development work over the next few months. "We'll do our best to deliver what we promised."
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Sanswire entered a three-month lease agreement in January with the Inland Valley Development Agency and San Bernardino International Airport Authority and then extended the lease through the end of April, said Penny Chua, marketing director. The joint powers authorities oversee development of the former Norton Air Force Base.
Based on this I expect a lounch date verry soon. I'm loading up at the 100 day moving average.
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I got 130k so for me there is no other place I would reinvest. I'm in for the long haul and would love to see it clime from here. Gtel will hold here and the ma will catch up to the price or it will drop to meet it. One way or the other this is the next buy for me.
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Eccl 11:1-2 Cast thy bread upon the waters: for thou shalt find it after many days. Give a portion to seven, and also to eight; for thou knowest not what evil shall be upon the earth.
I'm an invester and never had great sucess in day trading. Gtel is just part of a portfolio of stocks and by no means should would I be in just one stock.
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