posted
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."This is still very encouraging news, Long term this is a really good opportunity to grab some cheap shares.
-------------------- The needs of the many, out weight the needs of the one or the few.
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quote:Originally posted by Pagan: I hope Peasor and George were able to get in this time. Btw..whatever happened to George? I rarely see him post anymore.
Hey, guys I am still around..I still have my buy order in at $1.70. I do not have enough time latly to swing it anymore. I missed this morning because I was at a meeting...it sucks to have a real job...Glad to see some of you still playing and making it...By the way I feel like this Russian deal will not happen and that is why they are greasing the skids....
-------------------- If all goes well then great, if not, make it work.
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quote:Originally posted by Dustoff101: Dunno, maybe their off chasing Pinks or sumpin...
This is why a person should never go "all in" and not have a cash stash..Maybe the peas, will learn this time..LOL
Bought 2500 shrs this time for myself..
LOL, I'm out completely on XKEM for the time being. Came out last week with the majority. The rest came out today. Put some cash into IWNN right now.
Nice play on this today by the way. I watched this tank and only had a few hundred available, so I missed the quick trade, and yes I regret it. Are ya happy?
posted
Guess we will just have to wait and see where this thing goes tomorrow. It looks like the Russian deal is going to be a flop. Makes you wonder what was really behind this deal. You got to admit - the Motley Fool really called this one right. Made a little profit on the swings but it looks like the down side on this one is much, much more likley over the next week or so.
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posted
GlobeTel Still on Hold By Seth Jayson March 13, 2006
Unfortunately, today has been a tough day for those investors who believe in GlobeTel (AMEX: GTE). Another missed deadline, another excuse from the penny-stock superstar that promised us WiMax blimps but which is now having trouble delivering the millions of Russian funds it said it would have in hand by now. The market's patience appears to have worn off, and today, the shares have dropped by as much as 30%.
If you're new to the story: GlobeTel recently outlined a deal that would launch it to the head of the pack in Russian wireless Internet and telephony via a partnership with a newly minted Russian company fronted by a man who says he made his fortune in "rare earth minerals." In the abstract, the story you need to believe is that GlobeTel's HotZone "radios" (as CEO Tim Huff described them to me) and technology are superior to what's offered by established Internet and communications companies such as Cisco (Nasdaq: CSCO), Nokia (NYSE: NOK), and Motorola (NYSE: MOT) -- not to mention Russian providers like Vimpelcom (NYSE: VIP) and Mobile Telesystems (NYSE: MBT)
In January, Huff laid out an ambitious timetable, but the company has missed the money mark three times so far. The latest excuse was that the money was pending a bank syndicate's "analysis of this GTE business plan." Before that, it was "internal bank scheduling," which didn't seem to square with the last excuse before that, which was regulatory issues.
I wish I could say this surprised me, but the more I look into this firm, the more nothing shocks me. Months ago, The New York Post's Chris Byron reported on GlobeTel's cozy relationship with a NASD-punished consultant and stock promoter, Paul Taboada. And we saw how GlobeTel promised big things for what turned out to be a near-worthless Australian telecom that was the focus of a massive fraud.
And there's a lot more to wonder about, like some pretty heavy selling over the past year by insiders and large shareholders. Most recently, the COO filed a planned sale of more than 500,000 shares.
Does that sound like the kind of thing you'd do if you knew the company was on the verge of a giant, year-in-the-making Russian WiMax deal? A Russian WiMax deal plus a blimp breakthrough? It sure doesn't to me.
In the meantime, the recent press release doesn't exactly inspire confidence. The closing paragraphs begins, "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."
Looks like we've got a few more days to find out how this all plays out
-------------------- TI AKERS , WHERE ARE YOU!!!
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quote:Originally posted by B-Man: Pagan what is your take on all of this,????????
Well as I posted earlier today, I picked up a new swing spread across 2.35-2.40. Sold half the swing near 2.80. Good chance we will see an early gap in the A.M., albeit may be brief without any supporting PR. I think a huge amount of stop losses were picked up today, accounts for some of the volume. seems we have some support in the 2.50 range, but I'll definitely be eyes on for any quick drops to reload that swing position.
I think today's drop took the bite out of the downside if the Russian deal fails to get funded. Those who were gonna bail, bailed. I think the 4Q numbers are gonna be a bit of surprise for the good, and I am of the opinion they will release the numbers early to stabilize/lift SP IMO. Watch for dips. GLTA!!
Note: Came across a couple of Mexican telecom/isp company websites over the weekend that are using Globetel Communications equipment and carrier services. Not peviously PR'ed to my knowledge.
-------------------- It is impossible to make anything foolproof because fools are so ingenious.
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posted
GLOBETEL WIRELESS APPOINTS FLOYD BRADLEY MANAGING DIRECTOR
FT. LAUDERDALE, FL — MARCH 14, 2006 — GlobeTel Communications Corp. (AMEX: GTE) announced today the appointment of Floyd Bradley as Managing Director of its GlobeTel Wireless subsidiary. Bradley will be initially based in Florida at the national headquarters of GlobeTel Wireless.
Prior to joining GlobeTel Wireless, Bradley had a distinguished career in a number of senior positions in several technology and software-related companies. Apart from his recent successful venture as the founder of a media company based in London, he spent ten years as a board member and Executive Vice President of SDL, the world’s largest translation software company and Europe’s largest product, website and content localization firm. Before co-founding SDL, Bradley was Senior Vice President - International for Ashton-Tate and Managing Director - UK for Lotus Development Corp. With a magna cum laude degree from Yale University and an MBA from Harvard Business School, Bradley began his career at The Boston Consulting Group, originally in Boston and then in London. He was later recruited by Bain & Co. to start up its European operations and was the lead manager for the consulting firm’s first European client.
“Floyd Bradley has been a highly regarded, well-recognized and influential name in the international technology business for nearly three decades. His experience at building relationships and managing cross-border operations, particularly in complex technology-based enterprises, speaks for itself. We at GlobeTel consider it a great privilege to have Floyd on our team,” stated Timothy Huff, CEO.
Bradley added, "I am very much looking forward to working with the highly entrepreneurial GlobeTel management team in order to capitalize on the huge commercial opportunities that exist world-wide – particularly given the company’s clear technological lead in the combined indoor and outdoor Wi-Fi, WiMAX, DECT, IPTV and stratospheric airship marketplaces.”
-------------------- It is impossible to make anything foolproof because fools are so ingenious.
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imakmony2005
unregistered
posted
WELL UP A BIT, WHAT WILL THE RUSSIANS DO? HOPE THEY PAYUP.
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quote:Originally posted by imakmony2005: WELL UP A BIT, WHAT WILL THE RUSSIANS DO? HOPE THEY PAYUP.
The "UP A BIT" part didn't hold very long after your posting. Looks like we are headed down some more today. I think the Russian deal is DOA. If so, I think the the stock will probably drop some more down to the 2.25-2.30 range.
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imakmony2005
unregistered
posted
Got buys set all the way down to 2.00.
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Member Rated: posted March 17, 2006 06:01 -------------------------------------------------------------------------------- stupid me bought it in at 2.7 with a big load...
-------------------- Learning The Way Of Life.... Don't feel bad I am in again at 2.75 and some cash on the side lines to invest eather way.
-------------------- The needs of the many, out weight the needs of the one or the few.
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posted
I really dont know what to do... should I sell it now and rebuy at low? Or should I hold?? Anyone know Jelly's msn screen name? I need some input please?? THanks
-------------------- Learning The Way Of Life....
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posted
I sold half of my swing pos of the 2.75 took a loss and have a buy trigger if it takes off if it drops will look for the bottom and catch it on the way back up
-------------------- The needs of the many, out weight the needs of the one or the few.
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quote:Originally posted by Danny12345: I really dont know what to do... should I sell it now and rebuy at low? Or should I hold?? Anyone know Jelly's msn screen name? I need some input please?? THanks
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