posted
will get news news anytime...and I expect it to be positive... they said the 1st payment would go thru within the next few days,not weeks,... I would not want to be stuck on the outside at this point.. a few cents either way is no big deal at these prices... the money flowing into gte yesterday was incredible...anticipation.(according to TDwaterhouse)... at this point, I trust, (as much as you can), Tim Huff... he has shown that he is a man with integrity,,,lets hope so... its dipping now, but of no concern in the big picture (3.43)...
posted
Everyone be patient. First, GlobeTel has NO control over how long the transactions take to complete. According to a man on the GTE Yahoo Message Board, a normal transaction will take 6-8 business days, which means that sometime between next Monday and next Wednesday the transaction may finally be finished.
Second, Huff NEVER promised a PR within the week. He ONLY promised that the transactions would be starting. Therefore, he was under no obligation to release anything.
Simply put, everyone thought that, because the transactions would be happening this past week, a PR would be released this past week. Not that simple. Either next week or the week after, a PR is guaranteed and we will be glad we held.
IP: Logged |
posted
GlobeTel Communications Updates Status of Joint Venture with LLC Internafta Last Update: 11:17 AM ET Mar 13, 2006
FORT LAUDERDALE, Fla., Mar 13, 2006 (BUSINESS WIRE) 10:59am 03/13/2006
GTE today provided a brief update on the status of the Russian network negotiations. CEO Timothy Huff stated, "On March 2, we advised our shareholders that Internafta requested an additional delay in the closing of the funding until the week of March 6. Since then, GlobeTel has provided Internafta and its banks with a significantly expanded business plan outlining in detail the company's program for equipment manufacturing, delivery, installation, testing, monitoring, staffing, progress payment requirements, and other pertinent information. Internafta advised us that its funding has been approved by its bank syndicate, subject only to the bank's final review and analysis of this GTE business plan. "Although the contract signed between GlobeTel and Internafta did not specify such a financing of Internafta's funding obligation, and while GlobeTel did not anticipate that such a financing by Internafta would emerge as it has, we have agreed to a continuance of the contract with Internafta until the end of this week, pending a final decision by Internafta's bank regarding a funding commitment secured by Internafta's assets. "Should such a funding commitment not be forthcoming by the end of this week, or unless the banking syndicate provides written assurances to GlobeTel of the imminent delivery of such commitment, GlobeTel will have no choice but to exercise its right to default the contract for non-payment. This outcome would be unfortunate given the time and effort that our entire staff has dedicated to this transaction. However, we're committed to more than twenty other GlobeTel Wireless network projects requiring our time and attention. Further delays in the closing of the Internafta transaction would only serve to distract our team from these immediate opportunities." About GlobeTel Communications Corp. GlobeTel Communications Corp. develops and provides an integrated suite of telecommunications products and services, leveraging its advances in Stored Value, VOIP and Wireless Access technologies. Individually, each of GlobeTel's five business units function as distinct, strong stand-alone entities: Together they form a powerful alliance of human talent and technological innovation resulting in the SuperHub(TM) worldwide VOIP network, Sanswire Stratellite(TM) platform and products enabling simpler, cheaper transmission of voice, data and money. GlobeTel has historically focused its business development on markets outside of the United States. Current and pending operations exist in Asia, Europe, South America, Mexico and the Caribbean.
-------------------- It is impossible to make anything foolproof because fools are so ingenious.
IP: Logged |
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Embarrassed]](redface.gif)
![[Smile]](smile.gif)
![[Razz]](tongue.gif)
![[Big Grin]](biggrin.gif)
And the swings are great!!!!!!!
