posted
Almost 2 million shares traded today with a final pps up by 11 cents. Could there be some good news about to break or is this just a "head fake" on the way down? Wasn't the Sanswire II test scheduled for late Aug-early Sept?
Posts: 230 | From: Virginia | Registered: Mar 2005
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Member Rated: posted August 30, 2006 11:41 AM -------------------------------------------------------------------------------- Sanswire is at a trade show in Orlando...AUVSI 8/29-8/31....evidently the Sanswire II is showing well...Go to www.sanswire.com/, upcoming events catagory for info.. I clicked on New Job Opportunities and on the left is the Upcoming Events catagory... -------------------------------------------------------------------------------- Posts: 208 | From: Florida | Registered: Feb 2005 | IP: Logged |
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT! Posts: 9276 | From: San Diego CA | Registered: Jul 2006
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Is the date for the verdict on the appeal due anytime soon? When?
-------------------- You agree not to post any material which is knowingly false and/or defamatory, inaccurate. Posts: 149 | From: I'm in a NY state of mind | Registered: Aug 2006
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posted
The stock is a dog. they are way cash strapped. Been losing money left and right.
Posts: 149 | From: Salt Lake City | Registered: Aug 2006
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posted
Sanswire was just on CNBC. About a 5 minute segement on the Stratellite.
-------------------- 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
Hmmm... they changed the shape of the tail.
-------------------- One is never completely useless. One can always serve as a bad example. Posts: 2430 | From: CA | Registered: Jun 2005
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quote:Originally posted by IMAKEMONEY: Pagan Member Your a Mod on the hub?
Yep, sure am.
By the way, nice volitility the last couple days for some good swings. GTE was stagnant for about 3 weeks there. Hopefully todays exposure bodes well for some more SP swings. 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
Thanks for the CNBC Sanswire clip, Cash....I will be soooo happy when the Sanswire is up and running....have been bumping around the country in a RV, finding wi-fi to be scarce and in odd places like, "we only have it available in the club house and we close the club house early, sorry" ....When wifi is hanging overhead, via Sanswire, the vagabond life will be greatly enhanced. and I am not pumping...just wishing and hoping....
Posts: 216 | From: Florida | Registered: Feb 2005
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posted
You guys want to check out the AMK.V thread posted on this board. I think if anyone is looking for some wicked short- long term gains.. this Gold and Silver exploration and development corp is about to explode... do your own DD.
quote:Originally posted by blazingnines: You guys want to check out the AMK.V thread posted on this board. I think if anyone is looking for some wicked short- long term gains.. this Gold and Silver exploration and development corp is about to explode... do your own DD.
Blazingnines
wrong thread, blazingninnie...this is gte... stick to the rules and I'll leave you alone
-------------------- jordan Posts: 5812 | From: st paul,mn | Registered: Feb 2004
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posted
Murdoch and TV-Over-WiMAX Written by Om Malik- Posted Friday at 12:49 PM
A few months ago, Robert Young had said that Rupert Murdoch will and should be very interested in fixed wireless technologies. Subsequent media reports and aggressive (and failed) bids for spectrum in the recent Advanced Wireless Spectrum (AWS) auctions indicate that the wily old fox and his company are seriously interested in life beyond satellite. There hasn’t been much concrete proof of his plans, but today we did discover another little gem which indicates that News Corp. is very interested in WiMAX.
At the upcoming IBC 2006 show, NDS (Nasdaq: NNDS), a PayTV software maker based in UK will demo a TV-over-WIMAX system in partnership with Intel and Modern Times Group’s Viasat Broadcasting, a leading digital satellite pay-TV broadcaster in the Nordic countries. They will show that WiMAX TV software from NDS will be able to deliver content over WiMAX to personal Consumer Electronic (CE) devices such as laptop computers and other handheld devices.
Visitors to the NDS stand at IBC 2006 (1.171) will be able to see a demonstration of live Viasat content encoded in MPEG-4 AVC using a Grass Valley Argos advanced H.264 real-time encoder and then delivered through the NDS WiMAX TV system over WiMAX to an Intel Centrino Duo mobile technology based notebook PC.
Normally one would dismiss this as yet another demo-ware press release, but the fact that NDS’ largest shareholder is News Corp., makes us take note of this announcement. TV-over-WiMAX could take away the important video-over-fixed line arguments that Cable & DSL guys constantly offer when dismissing wireless.
From Murdoch’s perspective, unlicensed spectrum could be one way of getting into the broadband game? Of course we have speculated a future relationship with Clearwire in the US. So many scenarios that can play out, but the one that makes most sense to me: no need to cannibalize his core satellite businesses. Thoughts?
-------------------- w i k i s t o c k . c o m Posts: 234 | From: Gainesville, FL | Registered: Feb 2005
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posted
More news on GTE at Yahoo...."Material Definitive agreement, unregistered sale of equities" Several subscritions of large amounts of $$. At the risk of sounding stupid, is this a positive with monies be subscribed for stock purchase or is this shares being sold? Anyone know?
Posts: 216 | From: Florida | Registered: Feb 2005
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posted
Sorry,I didn't read the complete article...these are warrants exercisable up to 5 years. Purchased at .369 I believe.. Sounds pretty progressive...
Posts: 216 | From: Florida | Registered: Feb 2005
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Entry into a Material Definitive Agreement, Unregistered Sale of Equ
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT See Item 3.02 below. GlobeTel Communications Corp. (the "Company" or the "Registrant") and the several investors (the "Investors") have entered into Subscription Agreements as further described in Item 3.02 below. The identity of the Investors and the dollar amount of their Subscriptions (as hereinafter defined) is set forth below:
-------------------------------------------------- ----------------------------- Investor Subscription Amount -------------------------------------------------- ----------------------------- Hudson Bay Overseas Fund Ltd $60,000 -------------------------------------------------- ----------------------------- Hudson Bay Fund LP $140,000 -------------------------------------------------- ----------------------------- Nite Capital LP $250,000 -------------------------------------------------- ----------------------------- Castle Creek Technology Partners $300,000 -------------------------------------------------- ----------------------------- The Nutmeg Group $100,000 -------------------------------------------------- ----------------------------- Brio Capital LP $125,000 -------------------------------------------------- ----------------------------- Double U Master Fund $100,000 -------------------------------------------------- -----------------------------
ITEM 3.02 UNREGISTERED SALES OF EQUITY SECURITIES Beginning on September 6, 2006, Globetel Communications Corp. (the "Registrant") entered into subscription agreements with Hudson Bay Overseas Fund Ltd, Hudson Bay Fund LP, Nite Capital LP, Castle Creek Technology, Double U Master Funder, The Nutmeg Group and Brio Capital LP whereby these investors are purchasing a total $1,075,000 in 7% convertible notes, and were issued the Class A and Class B Warrants described below. The common shares underlying the notes and the warrants carry with them registration rights that obligate the Registrant to register such shares within 30 days.
Under the funding arrangement, the notes are convertible into common stock of the Registrant at $0.36939 per share. Prior to any notice of conversion the Registrant has the right, under certain circumstances, to redeem the notes at a premium for cash, subject to a right to convert by the investor.
The investors will receive one Class A Warrant to purchase one share of common stock for every two shares that the notes were convertible into on the closing date as well as one Class B Warrant to purchase the identical number of shares. The Class A Warrants are exercisable for a purchase price equal to 150% of the market price on the day prior to closing and the Class B Warrants are exercisable for a purchase price equal to 200% of the market price on the day prior to closing. The Warrants have a 5 year term
The Placement Agent for the transaction, Westor Capital Group, has the right to raise up to $3 million for the Registrant under the terms and conditions set forth above.
Exhibits.
Exhibits included are set forth in the Exhibit Index pursuant to Item 601 of Regulation S-K
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT! Posts: 9276 | From: San Diego CA | Registered: Jul 2006
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posted
What are your thoughts on this Imakemoney? I think GTE is back in the money....
Posts: 216 | From: Florida | Registered: Feb 2005
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posted
GTE may be back in the money but at a cost of $1.0M+ in long term debt and/or a large dilution in stock value due to the potential increased number of outstanding GTE shares. Think this will put considerable downward pressure on stock price in the near term - at the minimum. Neither the increased debt or stock dilution will look very good on the balance sheet - wait to the Motley Fool crew makes its position known on this. In their last statement, the MF mentioned that GTE was running out of money - obiously they called that one correctly. This latest GTE gambit along with the AMEX delisting looming in the near future, the imminent expiration of the NASA/GTE Memorandum of Agreement, and the noticeable lack of any positive information on the Sanswire II flight testing schedule, I think we GTE shareholders are in for a long ride down in stock price.
Posts: 230 | From: Virginia | Registered: Mar 2005
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