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Good run while it lasted. Heading back down again - probably will close around the where it started the day. Lots of activity but no clear direction.
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I look at the chart and I see a stock trading sideways. There are a lot of buyers on the sidelines looking for an entry at 22 or less, and I suspect that anytime she reaches that low we'll see a small leap in buying.
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quote:Originally posted by d6veteran: I look at the chart and I see a stock trading sideways. There are a lot of buyers on the sidelines looking for an entry at 22 or less, and I suspect that anytime she reaches that low we'll see a small leap in buying.
true but I think .22 looks like the hard bottom. People are expecting some news with a completed sanswire one with some testing soon. time to buy to catch that news.
-------------------- If all goes well then great, if not, make it work.
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That seems to be the same company. I've googled a lot of German sites and the only Globetel is "our" Globetel. Maybe that's the symbol on the Berlin exchange, I don't know. I just don't like that 0.15, I hope that's German cash.
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quote:Originally posted by George: People are expecting some news with a completed sanswire one with some testing soon. time to buy to catch that news.
Yeah. Whether it is good or bad.
I think a lot of investors didn't like what they saw at the unveiling and are thus not so quick to jump in right now.
-------------------- May your trading build your character as well as your portfolio.
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quote:Originally posted by stashu: That seems to be the same company. I've googled a lot of German sites and the only Globetel is "our" Globetel. Maybe that's the symbol on the Berlin exchange, I don't know. I just don't like that 0.15, I hope that's German cash.
yes it's the berlin exch. fuhgeddabowtit...
that exchange is one of the overseas naked shorting portals...look at the volume...it's irrelevant... this is just another one of the bashers trying to scare people outa there shares....
they all wanted back in at mid-teen levels note the unregistered status...
also, about going to the AMEX? don't worry about it either..
worry about whether we get a flight and how soon...
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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Sanswire One was filled with lifting gas and flown under controlled conditions. These are parts of the limited testing that will be performed at Sanswire's facility in San Bernardino, prior to moving to its new facilities near Edwards Air Force Base. Sanswire intends to launch Sanswire One for full testing from Edwards with help from the US Air Force and NASA later this summer.
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GTEL Announces Floating and Testing of Sanswire One Monday May 9, 10:33 am ET
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--May 9, 2005--Sanswire Networks, LLC, a wholly-owned subsidiary of GlobeTel Communications Corp. (OTCBB:GTEL - News), today announced that the Stratellite prototype, Sanswire One, has been completed, floated and tested. The new design increased the overall size of the airship to 188 feet in length and is believed to be the largest rigid frame airship in existence. ADVERTISEMENT
Sanswire One was filled with lifting gas and flown under controlled conditions. These are parts of the limited testing that will be performed at Sanswire's facility in San Bernardino, prior to moving to its new facilities near Edwards Air Force Base. Sanswire intends to launch Sanswire One for full testing from Edwards with help from the US Air Force and NASA later this summer.
Timothy M. Huff, CEO of GTEL, commented: "This is a great day for us at GlobeTel and Sanswire. It has been a long and hard road to get to this point and many have said we couldn't do it. But as they say, `a picture is worth a thousand words.'"
Sanswire One was floated and tested within the airspace specified by the FAA and was tethered at all times. Airborne stress measurements and other data were gathered by the Sanswire Engineering team. It has now been returned to the hangar in San Bernardino and placed in backwards, nose facing the hangar door.
Mr. Huff continued: "We have made significant breakthroughs in our airship design and our technological advancements. We have reached our initial goals for this airship and we are now focused on the next steps of our plan, which will include our upcoming launch at Edwards. We will capitalize on what we have accomplished to this point. The interest in our project by governments, world leaders and large corporations grow almost weekly."
Mr. Huff concluded: "We now have, on our website, pictures of Sanswire One floating off the ground. We will continue to provide news on significant milestones as we have herein, as they are appropriate. We release this news today, to show the world that we have succeeded thus far with this project and are 100% committed to the next major milestone and to the start of construction on Sanswire Two."
Sanswire One is being dedicated to Christopher Jones, the son of Bob Jones, President of Sanswire and the team leader who leads this project with his team. Christopher passed away in February, 2005.
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(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 will allow subscribers to easily communicate in "both directions" using readily available wireless devices. 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 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 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.
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