posted
Added more here *1.10. Looks to have bottomed here with some decent support. Looking for next PR that should provide an SP spike. 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
good buys guys! closed at 1.21, I'm thinking about getting in myself for a long term hold, (I sold this once at $4.20, man oh man)
I haven't followed GTE in a while though, are they still busy with the stratelite project? Anything I should be careful about? I'll do my homework in a bit but if you can give me tips for this company I'd appreciate it. If a good PR comes out with decent volume this baby goes up like crazy!!!! (at least that's been my experience)
Posts: 1091 | From: Brugge, Belgium / Dallas TX USA | Registered: May 2006
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CHMS, NFX, GTE and ORB Update the Investment Community in All-New Interviews With www.wallst.net PR Newswire - July 05, 2006 10:23
On June 7, Timothy Huff, CEO of GlobeTel Communications Corp. (Amex: GTE) updated the investment community in an all-new interview with www.wallst.net . Interview highlights include detailed discussions on the following topics:
-- the company's five main divisions, and their target markets -- how the company's technology allows the company to make 'every cordless telephone a virtual cell phone' -- current capitalization, and financial partnerships -- trends in the market bolstering the company's prospects for growth, and steps the company is taking to capitalize on these trends -- 'multi-billion opportunities' for the company's technology -- upcoming milestones for investors to watch for
To hear the interview in it's entirety, visit http://www.wallst.net , and click on "Interviews." Interviews require free registration, and can be accessed either by locating the respective company's ticker symbol under the appropriate exchange on the left-hand column of the "Interviews" page or by entering the respective company's ticker symbol in the Search Archive window at the bottom of the "Interviews" page.
Posts: 230 | From: Virginia | Registered: Mar 2005
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posted
I'm thinking maybe 1.05-1.06 is a likely bottom. Gotta say I like the resilience over the last 2 days considering how much the markets have been down.
-------------------- 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
There was a lot of BIG talk at the SH meeting about good things happenin for GTE in July. Well we are half way thru July and it is awful quiet.
Posts: 230 | From: Virginia | Registered: Mar 2005
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posted
Added a new swing at $1.00 today, may drop a bit more tomorrow. Looking for bottom tomorrow to add another swing position in hi .80's to lo .90's. 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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July 17, 2006 3:53:00 PM ETGlobeTel Announces Delay of Sanswire II Flight Test; Testing Window Extended to Later Dateadvertisement
Related information E-mail this article Print-friendly versionStocks mentioned in this articleGlobeTel Communications Corp.(GTE) Quote, Chart, News
All Business Wire NewsGlobeTel Communications Corp.'s GTE wholly-owned subsidiary, Sanswire Networks LLC, has announced a short delay in launching the test flights of Sanswire II due to a manufacturing defect which has been discovered on several of the carbon-fiber parts of the airship. Sanswire has just received these remaining components (known as "Taco Shells") from the manufacturer and, after a rigorous quality assurance inspection by Sanswire's QI Officer, discovered that they do not meet the minimum performance standards established by the company's aerospace engineers. In addition to the defects found in the carbon-fiber fin spars and fin assembly, the cross-brace structural support for the fins has also been delayed from the company's German supplier. As a result of these unexpected component failures, these parts are being re-manufactured by the supplier and those replacements are due to arrive in Palmdale around the last week of July and mid-August. These component delays will now, assuming no further delays, push the new launch window to between the 20th and the 30th of August.
Related newsMarket Report -- In Play (GTE)CHMS, NFX, GTE and ORB Update the Investment Community in All-New Interviews With www.wallst.net Bob Jones, President of Sanswire, stated, "As much as we do not like it, unexpected component failures are not at all unusual in either the military or the commercial aviation business. This is especially common when dealing with complex composite materials that are manufactured in several unique shapes and designs. By maintaining the most stringent levels of quality control, our team has been able to identify defects in the components before exposing them to the rigors of the flight tests. While we are more anxious than anyone to prove the exceptional technology that we have developed, we also want to limit even the smallest possibility of component failure during our flight tests."
Timothy Huff, CEO of GlobeTel Communications, stated, "Our highly dedicated group at Sanswire has accomplished, and continues to accomplish, more than could ever be imagined. And, they are doing this with comparatively fewer resources available to them than are available to the largest aviation companies in the world, whose airship projects are still years behind our own. I attribute this to several factors: the strong commitment to the unprecedented deployment of geo-stationery Stratellites; the innate intelligence and collective experience of our Sanswire Team; the small, entrepreneurial, non compartmentalized, non-bureaucratic organizational structure in which our team of engineers and scientists operate; the resourcefulness and forward-thinking strategies of the Sanswire leadership and team; and the mission-critical precision with which all phases of Stratellite development have been executed. We will continue to update our shareholders as events warrant. We have now waited for more than a year for our near-space technologies to reach this point and we naturally want to ensure that the first flight tests are completely successful. In particular, we don't want to suffer needless setbacks because, under pressure of public scrutiny, we have rushed the launch to meet arbitrary timelines. The delay is now down to a few weeks, not a few months, and once the tests have begun, we will provide unclassified pictures and data to our shareholders as that information becomes available."
About Sanswire
-------------------- jordan Posts: 5812 | From: st paul,mn | Registered: Feb 2004
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Has there been some kind of halt on trading for GTE this morning? The level IIs look all screwed up - and there doesn't appear to be any shares trading as of 9:50 am. With yesterday's depressing (but not unexpected)PR out I thought that maybe the stock would open lower this morning.
Posts: 230 | From: Virginia | Registered: Mar 2005
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quote:Originally posted by Peaser: Looks like GTE has been halted. I wonder why?
I doubt that it is halted because of any pending GOOD news. Possibly more bad news on top of yesterday's flight test start delay. Who knows how far this will drop if it is additional bad news.
Posts: 230 | From: Virginia | Registered: Mar 2005
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Peas, I can't find anything official that there is a halt, for whatever reason. I just hear rumor and see no sales.
Posts: 11304 | From: Fort Worth, Texas | Registered: Mar 2005
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Yeah, but maybe just in hope or anticipation of something before close...
Posts: 11304 | From: Fort Worth, Texas | Registered: Mar 2005
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When pigs fly Speaking of buck-a-stub stocks, probably the best thing I can say about GlobeTel (AMEX: GTE) is that its business plan makes LEA's look utterly rational and stable by comparison. If entire businesses could be diagnosed with ADD, GlobeTel would be on the way to the pharmacy for some Ritalin.
It's been touting its money-losing VoiP services for years, but it burst out of pennyland in early 2005 with a goofy-sounding plan to float WiMax blimps and deliver everything from voice, data, and television to users from these platforms.
Of course, GlobeTel's blimp story was, for a few frantic months, bumped off the front page by the $600 million Russian WiMax deal it claimed to have, a deal that would catapult it past huge and established equipment and service providers such as Motorola (NYSE: MOT), Nokia (NYSE: NOK), Vimpel Communications (NYSE: VIP), and Mobile Telesystems (NYSE: MBT).
It made zero sense to me, of course, but my questions were met with a high degree of animosity from GlobeTel management. Delay after delay ensued. Excuses were offered. Then, of course, the deal failed utterly.
So, it was back to the blimp story. There was only one, teensy problem, of course: It still doesn't have a blimp that can do what it claims -- at least by the standards of folks who would say it's one thing to build something in a hangar and let it float, and quite another to see the thing fly 13 miles up, transmit, hover for months at a time, pilot itself automatically, power itself with rechargeable solar systems, and do all the other great things GlobeTel management promises it will do.
Moreover, it's a long way from ever getting this done, and it's woefully behind the original schedules for the most preliminary flight testing of the scaled-down model. I don't think it'll ever get one working, though I expect that it might be able to cobble together a demonstrator that will float around long enough to generate some buzz.
But even that is on hold, as GlobeTel released a statement late yesterday afternoon explaining, surprise surprise, that "flight" testing of the latest blimp model would be late because of problems with some carbon-fiber "tacos." (No, you can't make this stuff up.)
Sounds a lot like the endless, seemingly reasonable delays that preceded the flop WiMax deal to me, although GlobeTel apologists will likely be reassured. As the excuses keep coming, with trading halted this morning pending the release of material news, investors would do well to keep ignoring this hot stock tip.
-------------------- Buy Low. Sell High. Posts: 10755 | From: The Land Of The Giants | Registered: Feb 2005
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quote:Originally posted by Peaser: Ouch, possible delisting!!
Amex halted them for now.
Conference after hours today with AMEX and GTE.
If GTE gets de-listed from the AMEX we are probably looking at a .50-.60 share price with little hope of ever recouping the share price loss even with a successsful flight test of the SANSWIRE in August. Apparently,GTE management has lost ALL credibility with the investment community. You must really screw things up to get delisted from the AMEX. I'm sitting on about 11,000 GTE shares with a B/E around $1.50 - needless to say my prospects aren't very good.I hope all you guys had a chance to get out at least with some profit.
Posts: 230 | From: Virginia | Registered: Mar 2005
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Sorry for all those currently in the trenches. Things look bleak now, I have a feeling that they may squeak by AMEX and remain listed for a bit, but the pps will probably take a good hit when trading resumes.
There probably will be a bounce when they begin trading again so I'll be watching it for apossible quick 15%-20% daytrade.
So then, they may be in trouble over time if they can not maintain the $1 per share minimum for the required time period, and if they don't get the strat in the air A.S.A.P. Delays on the strat testing have been going on for about 3 - 4 years I believe.
The recent dilution since they have moved to the AMEX hasn't helped share price either. Keep a look out for that if you're still in.
-------------------- Buy Low. Sell High. Posts: 10755 | From: The Land Of The Giants | Registered: Feb 2005
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