posted
According to Pagan, and AMEX, they are required to respond to it. I would have thought that would have been addressed already. Should be back in the mid-2's right now.
Posts: 421 | From: Florida | Registered: Mar 2005
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posted
What is this all about? I got this off of a news site and don't quite understand if it's good or bad. Any thoughts on this?
Apr 18, 2006 (M2 PRESSWIRE via COMTEX) -- www.**********, announced today that these select companies have been on the NASDAQ, AMEX and NYSE naked short threshold list for 13 consecutive trading days: GlobeTel Communications Corp. (AMEX: GTE), Cytori Therapeutics Inc (NASDAQ: CYTX), iPhone2, Inc (OTC: IPHN), GameTech International, Inc. (NASDAQ: GMTC), AlphaRx, Inc (OTCBB: ALRX), Cortelco Systems Puerto Rico, Inc. (OTCBB: CPROF) For a complete list of companies on the naked short list please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to www.**********. Regulation SHO took effect January 3, 2005, and provides a new regulatory framework governing short selling of securities. It was designed with the objective of simplifying and modernizing short sale regulation and providing controls where they are most needed. At the conclusion of each settlement day, data is provided on securities in which: 1) there are at least 10,000 shares in aggregate failed deliveries for the security for five consecutive settlement days, and 2) these failures constitute at least 0.5% of the issuer's total shares outstanding. Regulation SHO mandates that, if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent, and the broker/dealer it clears for, must purchase securities to close out its fail to deliver position.
GlobeTel Communications Corp. (AMEX: GTE) provides an integrated suite of telecommunications products and services, utilizing Stored Value, Voice over Internet Protocol, and wireless access technologies. Its core products and services are telephony services that include international wholesale carrier traffic; networks; and enhanced services, such as prepaid calling services and IP telephony. The company's nontelephony products and services consist of Stored Value Card programs and outsourced Stored Value services, such as prepaid long-distance and international calling services, debit card electronic bank accounts, and funds sharing services for the international banking and telecommunications community. GlobeTel's Super Hub network, which is in development, is a national wireless broadband network utilizing high-altitude airships called Stratellites that would be used to provide wireless voice, video, and data services. The company's operations exist in Asia, Europe, South America, Mexico, and the Caribbean. GlobeTel was founded in 2002 and is based in Pembroke Pines, Florida. With 80.7 million shares outstanding and 6.61 million shares declared short as of March 2006, the failure to deliver in shares of GTE has not been resolved and a buy-in is imminent.
-------------------- BE HUMBLE, DON'T STUMBLE! Posts: 84 | From: Minnesota, USA | Registered: Jan 2004
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posted
Another thing about Motley Fool. No Credibility! Stop for minute and ask yourself...If you were going to take the advice of anyone on whether to invest in GTE, would you listen to Motley Fool or would you listen to the contact people from coutries like Russia, Mexico Phillipines, Finland, Norway, etc. These companies could do business with any company in the world, and who have they contacted and negotiated with...GTE. Yes, GTE, I'll say it again, GTE (You know the one. The one Motley Fool commented that "this little company from Florida with such small sales") Don't you think all these companies did their DD before they talked to GTE. I would think they have resources far greater than Motley Fool to investigate the company, and the repercussions for making a bad decision are far greater also. Like I said "credibility", I'll put my money on any of those countries research rather than Motley Fool's. Also the comment about Motley Fool looking out for shareholders. BS, BS, BS! How does driving the price down for the many people that were shareholders help them? Now the pps is down $.50 - $1.50 for a lot of them. Yeah, he really helped them out. That's what I mean. Step back and take a look at these negative people and find their motive or try to punch holes in their comments. If you can't, they may be valid but 9 times out of 10 their benefitting themselves in some way. Good luck!
-------------------- BE HUMBLE, DON'T STUMBLE! Posts: 84 | From: Minnesota, USA | Registered: Jan 2004
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quote:Originally posted by deepockets: What is this all about? I got this off of a news site and don't quite understand if it's good or bad. Any thoughts on this?
Apr 18, 2006 (M2 PRESSWIRE via COMTEX) -- www.**********, announced today that these select companies have been on the NASDAQ, AMEX and NYSE naked short threshold list for 13 consecutive trading days: GlobeTel Communications Corp. (AMEX: GTE), Cytori Therapeutics Inc (NASDAQ: CYTX), iPhone2, Inc (OTC: IPHN), GameTech International, Inc. (NASDAQ: GMTC), AlphaRx, Inc (OTCBB: ALRX), Cortelco Systems Puerto Rico, Inc. (OTCBB: CPROF) For a complete list of companies on the naked short list please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to www.**********. Regulation SHO took effect January 3, 2005, and provides a new regulatory framework governing short selling of securities. It was designed with the objective of simplifying and modernizing short sale regulation and providing controls where they are most needed. At the conclusion of each settlement day, data is provided on securities in which: 1) there are at least 10,000 shares in aggregate failed deliveries for the security for five consecutive settlement days, and 2) these failures constitute at least 0.5% of the issuer's total shares outstanding. Regulation SHO mandates that, if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent, and the broker/dealer it clears for, must purchase securities to close out its fail to deliver position.
GlobeTel Communications Corp. (AMEX: GTE) provides an integrated suite of telecommunications products and services, utilizing Stored Value, Voice over Internet Protocol, and wireless access technologies. Its core products and services are telephony services that include international wholesale carrier traffic; networks; and enhanced services, such as prepaid calling services and IP telephony. The company's nontelephony products and services consist of Stored Value Card programs and outsourced Stored Value services, such as prepaid long-distance and international calling services, debit card electronic bank accounts, and funds sharing services for the international banking and telecommunications community. GlobeTel's Super Hub network, which is in development, is a national wireless broadband network utilizing high-altitude airships called Stratellites that would be used to provide wireless voice, video, and data services. The company's operations exist in Asia, Europe, South America, Mexico, and the Caribbean. GlobeTel was founded in 2002 and is based in Pembroke Pines, Florida. With 80.7 million shares outstanding and 6.61 million shares declared short as of March 2006, the failure to deliver in shares of GTE has not been resolved and a buy-in is imminent.
It relates to naked shorts, or illegal shorting.
-------------------- 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 deepockets: So does reflect something good or bad for GTE?
It's never a good thing to be the victim of naked shorting. But, the RegSho list is designed to force the naked shorters to cover their positions. Not really a huge issue, but one to take note of.
-------------------- 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
I'm liking the support here over the last few trading days. I would look for news to drive a serious uptrend any day now IMO. GLTA!
-------------------- 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
Another tidbit about GTE. I've been working on a geneology project for my family and have been talking to a girl from Lithuania. Her brother works for one of the largest cell phone comapanies in Europe. He primarily works in Finland, Norway, and Sweden. The terrain there is such, that conventional towers don't work well. They heard about and are strongly considering GTE's solutions for this problem. GTE apparently has solutions that not many other or maybe no other companies have. This imo makes this company unique and valuable. One other thing, usually when I do DD on a company there is always talk about competition. Somewhere you find something about another company that could possibly make it tough for Company "A" to do business or they are 6 months behind in development, or something. Maybe I missed it, but I have not seen anything about any other company trying to do the "Stratalite " thing. If you have seen it, please post it. I'd be interested. Like I said, all these countries can't be wrong. JMO
-------------------- BE HUMBLE, DON'T STUMBLE! Posts: 84 | From: Minnesota, USA | Registered: Jan 2004
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posted
Looks like there has been some accummulating going on with GTE stock over the last couple days. Good volume and narrow price band. Seems like everyone is getting ready for something positive to happen here IMO.
Posts: 230 | From: Virginia | Registered: Mar 2005
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quote:Originally posted by B-Man: I HOPE SO !!!!!! someone throw us a rope.What about the come back statement to the MF raping of GTE??????
Dunno why there wasn't a response. Amex 401c stipulates that a response is necessary, unless maybe the single day drop did not meet the mandatory threshold. With the amount of time that has elapsed, I tend to doubt a response to the MF article is forth coming. Maybe better to let sleeping dogs lie anyway at this point. Best response they can put out is to produce more revs/profits 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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imakmony2005
unregistered
posted
Just an FYI a buddy call I.R and was told there will be no response to the fool and they had alot of news in the pipeline whatever that means.
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quote:Originally posted by imakmony2005: Just an FYI a buddy call I.R and was told there will be no response to the fool and they had alot of news in the pipeline whatever that means.
Good to hear if accurate. I'd much rather see positive news, than a response to negative article. GLTA!
-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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imakmony2005
unregistered
posted
YEP. CHIT i forgot the best part he said the russian deal is not even dead, they need to change gold in for cash are something like that, pagan you should call.
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Onward! many march to the tune of the " Bid and Ask "....
Makes no matter if these tools we work with are most likely " Fixed by the wholesalers of stock ", in "general terms", many slimy company officers are involved as well...
Most traders deal in retail..The ones who do not? well, use your imagination..
Every morning we see the parade of Crooked company officers and stock brokers being paraded before us, going into court rooms and off to jail.........
Anybody whom believes this stock game is somehow " Honorable " is doing some serious lying to themselves.
Face the facts, there is far more losers in trading than winners.
The " Professional Pumping machines " and the amateur pumpers are really amusing..
Point to all of this? Do not feel you are involved in the Noble cause of capital ventures, you generaly speaking, are not.
The funny thing is people actually believe they are buying at wholesale when they buy on the Bid...LMAO
Posts: 10729 | From: oregon | Registered: Feb 2005
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quote:Originally posted by imakmony2005: YEP. CHIT i forgot the best part he said the russian deal is not even dead, they need to change gold in for cash are something like that, pagan you should call.
Actually, I had an email exchange with GTE IR yesterday. Rob Bleckman said that the new revamped Sanswire website would definitely be up within the next few days. Couldn't get him to say if there would be some new pics or not. In a previous email he did say that the Russian deal was still live and under review by the Bank consortium's outside technology expert. So I assume a resolution is still in the cards per the Russia deal, but i'd not try to put a timeline to it.
-------------------- 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 Dustoff101: Onward! many march to the tune of the " Bid and Ask "....
Makes no matter if these tools we work with are most likely " Fixed by the wholesalers of stock ", in "general terms", many slimy company officers are involved as well...
Most traders deal in retail..The ones who do not? well, use your imagination..
Every morning we see the parade of Crooked company officers and stock brokers being paraded before us, going into court rooms and off to jail.........
Anybody whom believes this stock game is somehow " Honorable " is doing some serious lying to themselves.
Face the facts, there is far more losers in trading than winners.
The " Professional Pumping machines " and the amateur pumpers are really amusing..
Point to all of this? Do not feel you are involved in the Noble cause of capital ventures, you generaly speaking, are not.
Are you on the right thread Dusty? Sounds like something more apt for the Off-Topic forum.
-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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imakmony2005
unregistered
posted
Hell im here to take someones money.lol
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Just pointing out this stock will probably run like hell again, regardless of the fact that it may be " dirty as hell ".
Posts: 10729 | From: oregon | Registered: Feb 2005
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quote:Originally posted by Dustoff101: Pagan, nope..
Just pointing out this stock will probably run like hell again, regardless of the fact that it may be " dirty as hell ".
Then we have a difference of opinion.
[ April 20, 2006, 20:55: Message edited by: Pagan ]
-------------------- 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 Dustoff101: Pagan, nope..
Just pointing out this stock will probably run like hell again, regardless of the fact that it may be " dirty as hell ".
Then we have a differnece of opinion.
------------------------------------------------- Pagan, plain and simple, I just can't let myself trust the Russkies.. Narrow minded? You Betcha..
Posts: 10729 | From: oregon | Registered: Feb 2005
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quote:Originally posted by Dustoff101: Pagan, nope..
Just pointing out this stock will probably run like hell again, regardless of the fact that it may be " dirty as hell ".
Then we have a differnece of opinion.
------------------------------------------------- Pagan, plain and simple, I just can't let myself trust the Russkies.. Narrow minded? You Betcha..
True, I feel your pain on the lethargy of the Russian deal. But that is only one facet of the 5 GTE business divisions. They are still moving forward, even without the Ruskies at this point. But the main point is, there is a God awful amount of money to be made playing the volitility of GTE. GLTA that choose to play
-------------------- 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
Florida Firm Testing "Stratellites" For Imaging, Telecom
By PETER B. de SELDING Space News Staff Writer posted: 06 April 2006 11:11 am ET
A small Florida company is flight testing a line of high-altitude airships, or what it calls “stratellites,” this year and has attracted tentative support from Raytheon to develop airships for military and civilian telecommunications and observation.
Sanswire Networks LLC, a subsidiary of GlobeTel Communications Corp. of Fort Lauderdale, Fla., already has tested its first prototype airship and expects an evolved model to be flight tested in June from Edwards Air Force Base, Calif. The June test is designed as a technology demonstrator as Sanswire perfects the design of its product.
Sanswire President Robert A. Jones said March 31 that the company’s Sanswire 2 vehicle, measuring 38 meters long and 8 meters wide, will attempt to position itself at 6,858 meters in altitude for periods of at least several hours, and perhaps overnight.
Tests of the first prototype, Sanswire 1, were conducted in May 2005 in Florida, and an initial floating test of Sanswire 2 was completed Feb. 28 in Palmdale, Calif.
GlobeTel has invested about $2 million so far in direct financing of Sanswire’s technology. Its system resembles work being done for the U.S. Missile Defense Agency by Lockheed Martin Corp. Lockheed Martin in December won a $149.2 million contract to deliver a prototype High Altitude Airship in 2009.
Sanswire is testing now, and as of yet it has received “not a penny” of funding from the U.S. Defense Department or the Missile Defense Agency, Jones said. The company has elicited interest from government agencies in Colombia and Chile, which would like to use a high-altitude system to provide broadband communications links in rural areas for far less cost than a satellite system, and for border surveillance.
“We are absolutely not going after the satellite market,” Jones said. “We think we are complementary to it, just as we are complementary to UAVs [unmanned aerial vehicles].”
Frank R. Prautzsch, director of network centric systems in Raytheon’s Rapid Initiatives Group in Marlborough, Mass., said Raytheon has looked at Sanswire’s system and thinks it shows promise.
“Raytheon is indeed interested in near space and the abilities that platforms such as Sanswire’s offer to future missions,” Prautzsch said. “This is particularly true in wireless communications, C2 [command and control] sensors and meteorological systems as they relate to defense and homeland security missions. Near space offers great opportunities for space and aerospace technology convergence.”
When Prautzsch refers to “near space” he is referring to altitudes of between 19,800 and 99,000 meters — an area beyond regulatory flight control, much as are orbital altitudes. “Right now it’s a dead zone as far as utilization, but believe me, people are looking at it.”
The Sanswire stratellite is designed ultimately to remain over a given zone for up to 18 months without descending. Sanswire officials, presenting their technology March 9 during the SMi Milspace conference in Brussels, said a single stratellite could blanket a near 326,000-square-kilometer area with telecommunications.
Company officials also demonstrated the use of sensors to monitor illegal immigration and provide battle-zone coverage.
Jones said exporting a Sanswire airship would be covered under U.S. International Traffic in Arms Regulations both because of the wireless technologies it employs and because it is classified as an unmanned aerial vehicle. He said Sanswire would lease, not sell, the ships to non-U.S. users.
-------------------- 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
WOW - interesting L2 -- AMEX is sitting on a bid of $1.70 for almost 100,000 shares. They must be trying to drive the price down. That bid has been sitting there for about an hour.
Posts: 230 | From: Virginia | Registered: Mar 2005
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posted
Interesting article about the Russian deal.
GlobeTel postpones network construction in Russia
MOSCOW. April 21 (Interfax) - GlobeTel Communications Corp. of the United States has postponed the launch of a major project to build a wireless Internet access network in 30 Russian cities from April to May, a source close to the company told Interfax.
The cause of the delay is that GlobeTel's Russian partner - Internafta, has not provided the money necessary to fund the first stage of construction, he said.
The project to set up DECT high-speed Internet and mobile telecommunications access requires $600 million. The first $150 million tranche should have been received in January 2006. The company announced a delay in payment several times, after which agreement terms were changed. The companies decided to break up the payment into several smaller tranches, but none of these has been made yet.
GlobeTel has received every guarantee that the money will be paid soon, the source said.
"We are sure that everything is in order. Banks have provided every guarantee that the money will be paid. GlobTel expects this to happen within two to three weeks," he said.
Interfax was unable to contact any Internafta representatives.
GlobeTel announced at the end of December 2005 its plans to set up WiMAX, WiFi and DECT services in Russia, using base stations inaerostats. Construction was to get underway in April.
The company applied to the Russian Telecommunications Ministry to have its equipment certified in Russia, but applications for a telecom services license and the necessary frequencies have not yet been submitted.
A source in the company told Interfax that GlobeTel received assurances from Telecom Ministry officials that there would be noproblem with the frequencies.
Representatives from Russian companies implementing similar projects to build WiMax networks in Russia have talked about the expense of such a project and unsubstantiated difficulty. Enforta, which is building a WiMax network in 28 Russian cities, estimates its spending at just over $54 million.
"Covering the planned number of subscribers using aerostats located 22-25km above ground, requires large frequency resources, which just do not exist," Enforta Marketing Director Oleg Tainov said. "The problem of aerostat stabilization for antenna systems to work from them has not yet been resolved. Using traditional technology with base stations for WiMax in towers enables such a project to be implemented for 10 times less investment," he said.
Following the announcement of its construction plans, the company's shares, quoted on AMEX, almost doubled to $3.68 from $2.03. Quotes jumped to $4 during trading and more than 23 million shares were traded, which is considerably higher than the company's usual indicator
GlobeTel capitalization at close of trade on Thursday was about $176 million. Shares cost $1.72. The company posted net losses of $31.9 million in 2005, against $13 million the previous year. Revenue almost tripled to over $81 million in 2005 from $29 million. me
-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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