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stervc

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stervc

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Re: None

Tuesday, 10/09/2007 2:38:10 AM

Tuesday, October 09, 2007 2:38:10 AM

Post# of 12444
GLBT**DD from Pacer Service Center...

Below is what was in some of my old notes I had come across from 2005 explaining what I discovered from going through my Pacer account with the Pacer Service Center...

********************************************************************************************************************************

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.

Back then, I posted that I had gone through my Pacer account to review some court dockets/cases with GLBT. The info was as listed below:

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 along with the termination of the GLBT Bankruptcy. 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 was still making money from the way I and others saw 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.

Coupled that with MCI and others agreeing to reduce/eliminate the $19.6 million in debt as what was filed in an 8K with the SEC and PR-ed, made me guess that one day something major will materialize with GLBT.

I still believe that something major is up with GLBT 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 as did MCI Worldcom back then. Especially judging by the way MCI did their previous shareholders. They understand that business is business which is why I think that they know something about allowing GLBT to execute their business objectives and how it could benefit them greatly too.

v/r
Sterling


Sterling's Trading & Investing Strategies:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29867262

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