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Author Topic: GTEL to become GTE
glassman
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it's time again for a new thread...
here's a link to the old thread which in turn has a link to the previous thread....

http://www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/get_topic/f/2/t/006952.html


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

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Don't envy the happiness of those who live in a fool's paradise.

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<blueranger>
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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....

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glassman
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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.

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<blueranger>
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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.

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glassman
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<amex>
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Icon 1 posted May 08, 2005 14:10 Edit/Delete Post Reply With Quote has anyone seen this

http://finance.yahoo.com/q?s=gtc.be

new symbol for amex why is this trading with this new symbol?

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glassman
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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? [Big Grin]

i've had a few stocks drop like rocks when they got on the Hong Kong exch as well......

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Don't envy the happiness of those who live in a fool's paradise.

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<blueranger>
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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.

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glassman
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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....

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Don't envy the happiness of those who live in a fool's paradise.

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glassman
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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).


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Don't envy the happiness of those who live in a fool's paradise.

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<blueranger>
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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.

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glassman
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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

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Don't envy the happiness of those who live in a fool's paradise.

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<blueranger>
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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.

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glassman
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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 [Big Grin]

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Don't envy the happiness of those who live in a fool's paradise.

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keithsan
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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 [Smile]

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<blueranger>
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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.

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<blueranger>
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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..

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glassman
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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....

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Don't envy the happiness of those who live in a fool's paradise.

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<blueranger>
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i just can't call this one...
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cruz
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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.


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glassman
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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...

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Raptorsrule
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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....

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Raptor----Don't confuse bad luck with bad judgement

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<blueranger>
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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.

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charger
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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.
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<blueranger>
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berlin is 7 hours ahead of us..
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<blueranger>
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here is the german exchange

http://www.berlinerboerse.de/index.html?LANG+en


gtc.be someone check it in the am...

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I think this will be ok.. i will buy after the move to the amex...
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stockvapor
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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. [Cool]

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"Whether you think that you can, or that you can't, you are usually right." - Henry Ford

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<blueranger>
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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.

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glassman
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what's the volume?

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Don't envy the happiness of those who live in a fool's paradise.

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glassman
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24,470? LOL

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George
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it is up on the berlin 2.33%

Volume: 26,970

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If all goes well then great, if not, make it work.

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George
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just proves people do not know about GTEL yet...

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If all goes well then great, if not, make it work.

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glassman
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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

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Don't envy the happiness of those who live in a fool's paradise.

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Pagan
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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.

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George
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I just added 5k dollars to my account to buy more if it looks good.

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If all goes well then great, if not, make it work.

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