posted
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.
Posts: 507 | From: Rochester, NY | Registered: May 2005
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posted
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
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.
Posts: 230 | From: Virginia | Registered: Mar 2005
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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
-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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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.
Posts: 852 | From: Pacific Northwest | Registered: Jan 2005
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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...
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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<HoldingGTEL>
unregistered
posted
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
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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.
Posts: 852 | From: Pacific Northwest | Registered: Jan 2005
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posted
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.
-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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posted
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?
-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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posted
My understanding is that the conditions for listing are set for each candidate.
Posts: 852 | From: Pacific Northwest | Registered: Jan 2005
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posted
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...
-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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<HoldingGTEL>
unregistered
posted
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)
posted
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.
Posts: 208 | From: Chicago Area | Registered: Feb 2005
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posted
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!!!
-------------------- Whatever... Posts: 81 | From: Rhode Island | Registered: Jan 2005
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-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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posted
damn, if the Strat had looked like that at the public showing... the stock price would have skyrocketed... damnit!!!
Posts: 31 | Registered: Feb 2005
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posted
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!!!
Posts: 208 | Registered: Sep 2004
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posted
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
-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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posted
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?
-------------------- No matter how thin you slice it it's still baloney... Posts: 402 | From: Miami, Florida | Registered: Jan 2005
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