posted
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?
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posted
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
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.
-------------------- "Whether you think that you can, or that you can't, you are usually right." - Henry Ford
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posted
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.
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posted
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.
-------------------- TI AKERS , WHERE ARE YOU!!!
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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
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.
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<JavMan>
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posted
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.
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posted
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
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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.)
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<JAvMan>
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posted
The 8-k is on their page under investor relations.
posted
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.
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posted
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.
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<JavMan>
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posted
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
posted
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
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!
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posted
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.$$$$$ Huh.
-------------------- TI AKERS , WHERE ARE YOU!!!
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-------------------- TI AKERS , WHERE ARE YOU!!!
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<JavMan>
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quote:Originally posted by abram: Not installing fear , but a realistic view. Below is the last paragraph from the 10-Q filed in Sept. '05. *In addition, its subsidiary, Sanswire Networks, LLC, is developing high-altitude airships, called Stratellites(TM), which will be used to provide wireless voice, video, and data services.* Not to mention raising OS of commonstock to 121 Million.$$$$$ Huh.
I am looking for a point to this one... I just woke up so maybe that is my issue. Please elaborate.
-------------------- No matter how thin you slice it it's still baloney...
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<DWS>
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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.
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