posted
I'm seeing this as one of the stocks to watch. Anyone else following this one. I've been holding it for a while & wondering when it might move.
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posted
I have alittle bit of GLBT I am hoping it starts to move also.
-------------------- You can learn many things from children.......... How much patience you have, for instance. Wealth and children are the adornment of life. I have 5 children and 32 day care children now working on the wealth part. heheheh
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posted
I am very new to this whole buying and selling stock. My husband and I own and run a day-care 24/7 out of my home in michigan. I have 200,000 @ .0003 does anyone have an oppion at what point should I sell? Any honest help would be deeply appreciated.
-------------------- You can learn many things from children.......... How much patience you have, for instance. Wealth and children are the adornment of life. I have 5 children and 32 day care children now working on the wealth part. heheheh
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I can tell you that I purchased this stock at .0007 months ago. It can possibly get back to that price in a few months so with that being said I would say its a good investment.
posted
Thank you Stockmover good luck also to you. I was starting to think I didnt fit into these message boards. Guess it takes a little time for the regular members to warm up to a new person.
-------------------- You can learn many things from children.......... How much patience you have, for instance. Wealth and children are the adornment of life. I have 5 children and 32 day care children now working on the wealth part. heheheh
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posted
GlobalNet Signs Debt Settlement and Release Agreement; Company Reduces Outstanding Debt by Approximately $19.6 Million
HOUSTON, Sep 21, 2005 (BUSINESS WIRE) -- GlobalNet Corporation (Pink Sheets:GLBT) announced it entered into a settlement and release agreement with its largest creditor effectively eliminating approximately $19.6 million in debt owed by its wholly owned subsidiary, GlobalNet International, LLC ("International"). On September 14, 2005, GlobalNet and International entered into a settlement agreement with their primary creditor. Pursuant to the settlement agreement, International acknowledged that it owed its creditor total debts in the amount of approximately $19.6 million.
All parties to the agreement released each other from all existing claims, obligations, rights, causes of action and liabilities, and in consideration for providing the release, GlobalNet and International agreed to waive their right to a prepaid $250,000 deposit and made an additional payment in the amount of $180,000 to its creditor.
Commenting on the agreement, Mark T. Wood, Chairman and CEO of GlobalNet said, "Today's announcement is a very positive step in the financial restructuring of the Company." Wood continued, "Our board views debt reduction and capital management as key factors in our ability to execute on our operating business plan."
The contents of this release were filed with the Securities and Exchange Commission pursuant to Form 8-K. Additional information is available for free on the SEC's website at www.sec.gov.
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posted
I have 1 million shares at .0004. If this stock could just get to 1 cent I could make about $10,000. This stock is truely a diamond in the rough. Once they get their financials all squared away.....just watch!
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posted
Thank you KC hopefully my day-care dont have me all tied up the day it flys and I miss it.... I need a to split myself lol.....
Luck all the way around us for Friday
-------------------- You can learn many things from children.......... How much patience you have, for instance. Wealth and children are the adornment of life. I have 5 children and 32 day care children now working on the wealth part. heheheh
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posted
GLBT from Pacer...INTERESTING..... by stervc
I went through the Pacer account to see what I can find out about GLBT since I am a little rusty on my GLBT DD. If you don’t already have a Pacer account, you can go to the official government link below to register and to be able to read court documents and much more pieces of legal info that is not made directly to the public. http://pacer.psc.uscourts.gov/ “The PACER Service Center is the Federal Judiciary's centralized registration, billing, and technical support center for electronic access to U.S. District, Bankruptcy, and Appellate court records.”
The case # I viewed was located under the New York Southern Region : 04-14488-brl GlobalNet International LLC Case type: bk Chapter: 11 Asset: Yes Vol: v Judge: Burton R. Lifland Date filed: 06/30/2004 Date terminated: 06/27/2005 Date of last filing: 09/15/2005
There were many many documents within the GLBT Bankruptcy case filings. I primarily focused on each “Operating Report” to see how much money GLBT was still making. These reports ranged from Sep 04 through Jun 05. GLBT is still making money from the way I see it and lots of it. GLBT had average monthly Revenues ranging from $4+ million to $5.5+ million. I have seen where dedicated and trusted longs on GLBT have stated that revenues were in the area of $20 million, but from what I had seen from seeing the court dockets, that figure is less than half of what GLBT is making.
Even if you take a figure in the area on the low side and go with an average of $4.5 million per month, the annual Revenues for GLBT should amount to at least $54 million. If anybody can find me another penny stock out there that is generating $54 million per year in Revenues, please share it with us in here within the forum.
Coupled that with MCI and others agreeing to reduce/eliminate the $19.6 million in debt as what was recently filed in an 8K with the SEC and recently PR-ed, makes me guess that this could be the sign of a very significant turn around for GLBT. Something major is up in a major way in my opinion. You just don’t walk away and leave $19.6 million on the table unless you have some type of subliminal plan to get some compensation back in return. Especially judging by the way MCI did their previous shareholders. They understand that business is business.
Let’s consider the Market Capital Analysis on GLBT to understand how undervalued it is in my opinion.
Outstanding Shares (OS) = 4.3 Billion Shares (85% Insider Owned in Certificate Form) Float = 645,000,000 Revenues = $54 Million
The current Market Capital for GLBT is: .0006 x 4,300,000,000 = $2,580,000
This would make sense if the company was making more than twice that amount per month let alone per year. To derive the current .0006 price of GLBT, simply divide the $2,580,000 by 4,300,000,000 and you will get the .0006 cent(s) for its current price.
To see how undervalued GLBT is, substitute the $54 Million in Revenues with the $2,580,000 in revenues with using the same logic I posted about for a derivation.
That would be …
$54,000,000 ÷ 4,300,000,000 = .0125 cent(s)
This means that given the amount of Revenues generated by GLBT, it should be theoretically trading no lower than .0125 cent(s). The OS is 4.3 billion shares. With 85% being held by Insiders under the Rule 144, the float is in the area of 650,000,000 shares. Some of these numbers were derived from some of the info received by the longs. I would have to guess that the float will be dried up soon if it is not already gone.
Even if you take the $20 million in Revenues to use for calculating instead of the $54 million, then you have below:
$20,000,000 ÷ 4,300,000,000 = .00465 cent(s)
I am expecting for their clientele base to grow with more Revenue generating business to increase that figure now that the MCI and others agreed to eliminate the $19.6 million debt and terminate the bankruptcy. With GLBT, people will see it now or see it later as more key direction will be materialized and delivered to the investing community. The above is how I see things!
posted
Ya know, I ain't giving up on this one. DOMS was selling a lot of shares this morning, which was possibly dilution. I didn't get a chance to watch T&S this afternoon, with L2. I am in at .0006, but if it goes down anymore, I will just average down, although, I will DD for a possible R/S first. Not saying there is one coming, but I will bail if I think one is possible.
Good DD above post. This one is undervalued. Dilution will keep it from running, but watch it, it could make a couple hundred percent easily.
posted
By: stervc 23 Sep 2005, 09:13 AM EDT Msg. 259374 of 259375 Jump to msg. # GLBT Combating a Reverse Split...
Why would GLBT do a reverse split if GLBT is truly generating all of the Revenues that they have been generating as shown in the court dockets filed in the Pacer database? From some further review, I think that they have ceased some of their operations, but I am going out on a limb to say that they still have many millions remaining to jumpstart their new (or same) business direction and some.
I would have to guess and say that GLBT would have half of the $54 million I mentioned in an earlier post being about $27 million. I stated in that earlier post that the “Operating Reports” were up through Jun 05. Previously, I had taken under consideration that $54 million in Revenues would be the amount generated through the entire year. Since up through Jun 05 is what is officially on file, $27 million would be a better number to consider for Revenues generated as fact for half the year.
The GLBT management surely has got to be smarter than I and I am sure that they know that doing a reverse split could detract from obtaining investor attention. Still, if they deliver the Revenue numbers, it won’t matter. They have got to see that implementing a “share buyback program” would do wonders for enhancing and attracting investor attention to the fullest. Remember, they are the biggest shareholders in the company so they have a vested interested in the success of GLBT more then we do. I don’t expect a reverse split, but if we do, you best believe that it would be for positive reasons to enhance their 85% holdings of insider shares.
With having outstanding shares (OS) in the amount of 4.3 billion and 85% of those shares held by insiders, that only leaves a maximum amount for the Float to be 645 million shares. From looking at the volume, it appears that the majority of the Float has already been bought up. On 21 Sep 05, 536,658,807 shares traded and yesterday on 22 Sep 05, 592,837,052 shares traded. That’s a total of 1,129,495,859 shares traded over the past two days. This has been the most volume, by far, all year. I would have to think that something huge is nearing completion or completed. Heck, maybe it’s just the insiders buying back those shares they maybe dumped, but that’s a different theory.
Consider how much the company would have to spend to buy 645 million shares even at these levels:
I hope you get my point that buying back the remaining shares in the Float and filing a Form 4 with the SEC would do wonders. I was in GLKC and it went from the sub-pennies to over .20+ cents from doing this very same thing.
From reviewing their “Operating Reports” that reflected their balance sheets, GLBT made anywhere from $4.5 to $5.5+ million per month. That’s over $50+ million per year, but again since the reports were only up through Jun 05, we will only consider half of the $54 million which is $27 million which is still more than enough money to buyback shares into your own company to mend your share structure down to a level of your desire. With an anticipated 85% of the OS held by insiders in certificate form, this would create the short squeezes of all short squeezes.
Since GLBT had wiped clean the bankruptcy and the major expense of $19.6 million from MCI and others, paying a few extra million to invest into your company would do wonders. What better way to let actions speak louder than words to show the public that you believe in your company than by you investing millions into your own stock.
Now imagine if they retired those shares bought back to the Treasury to enhance the fundamental valuation of GLBT immediately and significantly to reduce their OS. I honestly feel that if GLBT can get back to over .01+ cents, the momentum would have been generated to create awareness to carry GLBT back to .20+ cents levels of old or higher. It has done this before with a lot less going then compared to now in my opinion.
From the way GLBT trades previously and currently, there is a good chance that GLBT has been naked shorted. I will share some thoughts on that later.
posted
Wasn't this I-Dial (IDNW I think) a year or so ago? I made nice money .03 to .152 on it if it was. Of course it went to .23 or .25 the NEXT morning after I sold........
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posted
Please let this one start running this week... I am soo bored with my picks..........
-------------------- You can learn many things from children.......... How much patience you have, for instance. Wealth and children are the adornment of life. I have 5 children and 32 day care children now working on the wealth part. heheheh
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posted
Yeah, back when it was I-dial, it actually went from .004 to .20
I have a very good feeling that GLBT will pull off the same. We are going to see some excellent gains coming up due to the debt agreement, and in process execution of settling the parent company debt.
This stock is gonna pop like no other. I'd say within a month, 2 at the most.
posted
Ok Bring I am marking your words.... and the end of October would be reallyyyy nice to see that around .20
-------------------- You can learn many things from children.......... How much patience you have, for instance. Wealth and children are the adornment of life. I have 5 children and 32 day care children now working on the wealth part. heheheh
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posted
AWWWWHHHH shoot there goes my cruise idea for November..... Maybe next year... lol ok lets just shoot for over a penny by the end of this year... That more realistic?
Good luck all.
-------------------- You can learn many things from children.......... How much patience you have, for instance. Wealth and children are the adornment of life. I have 5 children and 32 day care children now working on the wealth part. heheheh
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-------------------- You can learn many things from children.......... How much patience you have, for instance. Wealth and children are the adornment of life. I have 5 children and 32 day care children now working on the wealth part. heheheh
IP: Logged |
-------------------- You can learn many things from children.......... How much patience you have, for instance. Wealth and children are the adornment of life. I have 5 children and 32 day care children now working on the wealth part. heheheh
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posted
Nope. This stock is going through major Dilution. Doms has been on the ask every day selling shares. He's sold billions of shares and still no movement.
However, this company has a great CFO who is willing to listen to his shareholders. He's doing all he can to restore the company back to the OTCB. (Shouldn't be long) If you remember what Idial did (.0004 to .20) in just a few months, the trend is pretty similar.
Prior to that it was in a "quiet period". I think the shareholders that are going long on this one will have a very merry christmas. That's around the time where out filing and financials should be financialy squared.
GLTA still in this. We have a long way to go.
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posted
Well Bring I guess I will haul in the big comfy couch for us to rest our tushy's on... lol Xmas would be good too...
-------------------- You can learn many things from children.......... How much patience you have, for instance. Wealth and children are the adornment of life. I have 5 children and 32 day care children now working on the wealth part. heheheh
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I have 200,000 @ .0003 does anyone have an oppion at what point should I sell? ![[Embarrassed]](redface.gif)
Any honest help would be deeply appreciated.
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