posted
Mr. Clean Neal Wolkoff is trying to make the American Stock Exchange safe for investors again. Good luck. Sure like to clean him up.There are also plenty of losers on the Amex: 45% of its listed companies have dropped in market value this year. Outfits like GlobeTel Communications Corp. (amex: GTE - news - people ), which recently traded at 59 cents a share after scratching $3.96 last December. The Pembroke Pines, Fla. company purports to have a state-of-the-art voice telecom network. But its communications "Stratellites" turn out to be high-altitude, solar-powered, helium-filled blimps. The Amex recently threatened to delist the company for overhyping press releases, "filing incomplete, misleading and/or inaccurate" financial statements and "providing materially false and misleading information" to the exchange's compliance cops. Yet GlobeTel, which has broken into the
-------------------- 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
Hopefully the first flight of Sanswire II will take place before the delisting which I think is scheudled for 25 Sept. That should bump the stock up a little and it'll be the last chance for any GTEL shareholders to recoup a little of their losses. Once the delisting actually takes place, this stock will tank into the mid 20s for sure and even a successful flight test after the fact won't help this loser.
Posts: 230 | From: Virginia | Registered: Mar 2005
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quote:Originally posted by IMAKEMONEY: now now edster, huff is blowing up that bag of hot air as we speak.lol
Thanks IMA, I'm sure that Huff-a-Puff has enough hot air to fill many, many bags of hot air [lol].
Posts: 230 | From: Virginia | Registered: Mar 2005
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posted
GlobeTel Installs Wireless Network in Germany
September 20, 2006 18:42:16 (ET)
FORT LAUDERDALE, Fla., Sep 20, 2006 (BUSINESS WIRE) -- GlobeTel Communications Corp. (GTE, Trade) today announced that its GlobeTel Wireless subsidiary has installed a HotZone 4010-based wireless broadband network in Heilbronn, Germany and is now conducting final testing of the network. The Heilbronn network is the company's first one to be completed in Germany, and will accommodate users of both broadband and wireless VoIP telephony over DECT.
The proprietary integration of DECT-enabling technology into the network permits a typical cordless household phone to behave as a short-range mobile phone with a reach of up to 800 meters from a HotZone 4010 base. Wi-Fi Internet access will also be available within that range. Testing in Heilbronn has been conducted utilizing the network for Internet access and VoIP calls using a standard cordless DECT phone that is typical of the majority of the cordless phones sold in Germany.
GlobeTel expects, in October, to begin to sign up customers and to provide those customers with access to an initial portion of the network, covering a specific geographic area. During this initial phase, GlobeTel will closely monitor the network's capacity and stability and, once satisfied, will provide customer access to additional areas of the network based upon demand. GlobeTel expects that it will be able to give customers access to the entire network, encompassing all network access points in the city, within approximately 60 days. Once the network is fully accessible, customers who subscribe to both the broadband and voice service will be able to access their account, surf the Web or place a voice call within any part of the city and to anywhere in the world, at low cost, over GlobeTel's VoIP network.
The Company continues to build out HotZone wireless networks in the German cities of Kaiserslautern and Erfurt. It expects to begin marketing these additional networks to customers following the full activation of the Heilbronn network.
The network is 100% owned and operated by GlobeTel, and will be marketed to both residential and commercial customers in each of these three German markets.
About Heilbronn, Germany
Located in the state of Baden-Wurttemberg, Heilbronn sits on the Neckar River and is home to approximately 120,000 people. The city, at the junction of the A81 and A6 Autobahns, is approximately 100 km south of Frankfurt, and within short driving distance to Stuttgart. Its canal port is one of the most active inland ports in Germany.
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, stand-alone entities. Together they're the components of the Company's SuperHub(TM) worldwide VoIP network, currently in development and to consist of the Sanswire Stratellite(TM) platform and products enabling simpler, cheaper transmission of voice, data and money. Historically focused on developing overseas markets, the Company has begun selling VoIP services and testing wireless networks within the United States. Current and pending operations exist in Asia, Africa, Europe, South America, Mexico and the Caribbean. For more information, please visit: http://www.globetel.net
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect," "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements.
SOURCE: GlobeTel Communications Corp.
GlobeTel Communications Corp., Fort Lauderdale Robert Bleckman, 954-775-1427 Copyright Business Wire 2006
-------------------- 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
Great news for GTE! The credibility of Mr.Huff has been confirmed with this major objective/goal accomplished. This may be the boost off the bottom we needed. GLTYA!
Posts: 208 | Registered: Sep 2004
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posted
Better grab some profits while you can - this will be back to .41-.42 range by EOD
Posts: 230 | From: Virginia | Registered: Mar 2005
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posted
Looks like we have run the string out on this price increase for the day. Loosing some momentum here and there seems to be more sell pressure than buy pressure. Hopefully it will hold at it's current lervel of .51 - if it falls below .50 we may fall all the way down to .44-.45 before the EOD.
Posts: 230 | From: Virginia | Registered: Mar 2005
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posted
Next week should be quite interesting in GTE land. The AMEX delisting hearing is scheduled for 28 September. Has anyone heard anything about the schedule for the flight of Sanswire II?
Posts: 49 | From: Springfield, Va. | Registered: Nov 2005
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FORT LAUDERDALE, Fla., Sep 27, 2006 (BUSINESS WIRE) -- GlobeTel Communications Corp. (GTE, Trade) today announced that Patrick D. Heyn has joined its Board of Directors. Mr. Heyn, an independent director with expertise in accounting and finance, will also serve as a member of the Company's Audit Committee.
Mr. Heyn, a Partner in the Audit and Accounting department of Daszkal Bolton LLP, brings to GlobeTel more than 20 years of experience in public accounting, including extensive work in providing merger and acquisition advice. Additionally, having supervised hundreds of audits for publicly held companies and having served as Controller of a large public company, Mr. Heyn possesses invaluable knowledge of SEC regulations and disclosure issues. He is an active member of the American Institute of Certified Public Accountants and the Florida Institute of Certified Public Accountants.
J. Randolph Dumas, Chairman of the Board of Directors, stated, "Our Company, the Board and our shareholders will all benefit from Patrick Heyn's experience, and from his insights into public accounting and the increasingly complex intricacies associated with being a U.S. public company. We are pleased that he has elected to join us."
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 business units function as distinct, stand-alone entities. Together they're the components of the Company's SuperHub(TM) worldwide VoIP network concept, which is currently in development. Upon completion, the SuperHub(TM) will consist of the Sanswire Stratellite(TM) airship and other wireless products enabling simpler, cheaper transmission of voice, data and money. Historically focused on developing overseas markets, the Company has begun selling VoIP services and testing wireless networks within the United States. Current and pending operations exist in Asia, Africa, Europe, South America, Mexico and the Caribbean. For more information, please visit: http://www.globetel.net
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect" "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements.
SOURCE: GlobeTel Communications Corp.
GlobeTel Communications Corp., Fort Lauderdale Robert Bleckman, 954-775-1427 Copyright Business Wire 2006
-------------------- 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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**********, www.**********, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked short threshold list: GlobeTel Communications Corp. (AMEX: GTE), SpatiaLight Inc. (NASDAQ: HDTV), Infocrossing Inc. (NASDAQ: IFOX), Jo Ann Stores Inc (NYSE: JAS), Mannatech Incorporated (NASDAQ: MTEX), uWink, Inc. (OTCBB: UWNK). 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.**********.
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 103.9 million shares outstanding and 4.94 million shares declared short as of August 2006, there is a failure to deliver in shares of GTE.
-------------------- 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
Anybody hear anything about the outcome of yesterday's AMEX de-listing decision?
Posts: 230 | From: Virginia | Registered: Mar 2005
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