About GlobalNet Corporation
GlobalNet Corp is ranked among the top ten US service providers of International Wholesale Voice and Fax Termination to Latin America, and counts more than 30 Tier 1 and Tier 2 carriers as customers, apart from a host of other reputed global service providers and major international telecommunications organizations including AT&T, MCI/WorldCom, Qwest, Global Crossing, IDT, Broadwing and ITXC.
GlobalNet Corporation as the surviving entity from a merger of GlobalNet, Inc. and iDial Networks, Inc. GlobalNet, Inc. merged with and into iDial and iDial changed its name to GlobalNet Corporation. GlobalNet provides international voice, data, fax and Internet services on a wholesale basis over a private Internet Protocol (IP) network to international carriers and other communication service providers in the United States and internationally. GlobalNet's IP network, utilizing the convergence of voice and data networking, offers customers economical pricing, global reach and an intelligent platform that guarantees fast delivery of value-added services and applications. GlobalNet `s principal focus is providing service from the United States to Latin America, with 75% of its traffic terminating in Mexico.
GlobalNet has earned international recognition as a aggressive, flexible, quality-driven company in the wholesale carrier services arena. The wholesale carrier services form the backbone of GlobalNet’s business, routing millions of minutes of international telecommunications traffic from other carriers through its own switching and network infrastructure.
These other carriers are able to take advantage of GlobalNet’s discounted rates, bargaining power, and commitment levels, thanks to our existing and expanding telecom traffic in key global markets, and to our competitively priced services.
What differentiates GlobalNet from other carriers, and makes it one of the best, most powerful choices in the industry, is that it manufactures its own minutes. Unlike some competing companies, GlobalNet does not simply re-sell another company’s minutes to yet another party, but also sells its own minutes. And it is thus able to offer aggressive pricing, owing to its extensive VoIP expertise, worldwide carrier relationships, and financial relationships.
GlobalNet’s goal as a carrier is to offer aggressive pricing while maintaining high quality to other carriers and service providers, allowing them to focus their efforts and resources on maintaining and growing their core businesses.
GlobalNet is increasing the percentage of traffic it carries on its network or "on-net", enabling it to increase margins and profitability while ensuring quality. In addition, GlobalNet's use of multiple carriers increases cost efficiencies by establishing additional routing capability and enables GlobalNet to obtain sufficient capacity to support rapid growth.
The company is now expanding its network by seeking parnters in targeted U.S. and foreign markets to provide more cost efficiencies and savings by routing an increasing portion of traffic "on-net." GlobalNet also expands its international connection termination capabilities through the establishment of contracts with major international carriers.
The GlobalNet network includes backbone connections, routing and gateway equipment in San Antonio, Texas and Houston, Texas. The network is capable of originating and terminating via SIP, H.323 or TDM technologies.
The business model of GlobelNet is focused on capitalizing on the opportunities resulting from the characteristics of the Latin American, Asian, and other emerging profitable markets.
Two strategic principles guide the business model:
i) GlobelNet is developing technological and strategic capacities, providing high margin origination minutes for in country.
ii) GlobelNet is developing the ability to enter multiple markets - Pre-paid Calling Cards, Consumer VoIP, Broadband SIP Services and Wholesale - through the use of a common infrastructure based on VoIP technology providing a set of high-end enhanced services.
GLOBALNET NEW HEADQUARTERS IN PIC BELOW along with OAA
2361 Campus Drive, Suite 101, Irvine, CA 92612
Since our CEO Mark Shaftlein works for GLBT and Ocean Ave I am putting up OAA's info.
Addressing share structure or dilution in GLBT
I pulled this from most recent 8k on 2/16/07
The Company's Articles of Incorporation currently allow for issuance of a maximum of 20,000,000,000 shares of common stock. Currently, the Company has approximately 12,200,000,000 shares outstanding (including conversions during calendar years 2007 and 2006)
(remember we had 9.3 billion in feb 06)
So it seems that over a 13 month period 2.9 bill were released or coverted. That isn't an alarming rate by no means. Roughly 223 mil per month and our trading volume during that 13 month period was (15.3 bil shares) So we are averaging over 1 bil in volume a month even with the quiet time factored in. So that would prove that even with dilution of 223 mil per month the accumualation has still been climbing all along please refer to the chart above in ibox and see accum/dist indicator. And the fact that 1.1 billion shares during that time were naked shorted.
I can't wait until they deliver those 1.1 billion in naked short shares. Those were buys that were put aside or not delivered during the last 13 months.
From 8k on 6/1/06 The Investors have contractually agreed to restrict their ability to convert the Notes and exercise the Warrants and receive shares of our common stock such that the number of shares of the Company common stock held by them and their affiliates after such conversion or exercise does not exceed 4.99% of the Company's then issued and outstanding shares of common stock
HEADLINES AND LINKS
HOUSTON, Oct 10, 2006 (BUSINESS WIRE) -- GlobalNet Corporation (Pink Sheets: GLBT) announced today it has named Gail Villeneuve, a telecommunication industry professional with 16-years of worldwide sales experience, as Vice President of Wholesale Long Distance.
Villeneuve previously held general management, technical and sales operation positions with Global Access International, Inc., Global Crossing Ltd. and Sprint Nextel Corp. Her focus at GlobalNet will be to oversee its wholesale carrier business servicing telecom carriers and ISPs.
"This is one of the things i am keeping my eye on."
November 06, 2006--GlobalNet is presently reviewing discontinuation of some of its retail products to dedicate resources to the company's new area of focus, business VoIP or more specifically business data and voice convergence. The company is currently pursuing beta customers in the IP trunking and IP/PBX product categories. It expects to sign agreements with Beta customers in their respective product categories during the first quarter of 2007.
My Commentary"forward looking events"---full article link below. "I am looking for the possibility and new revenue streams and if they are headed into the triple play catagory which is hot right now. VOIP-- TV/VIDEO --DATA/internet= triple play"
TOOLS AND DD LINKS
These two links are good for news and events historical or current.
Globalnet Risk Rating on Nasdaq.com was in excess of 800 just weeks ago. It dropped below 100 now too low to calculate http://www.nasdaq.com/services/riskMetrics.stm?&tickers=glbt&lnk=Q&selected=glbt&sym....
GLBT rating on stockscores. 55x52 as of 4-16-07http://www.stockscores.com/quickreport.asp?ticker=glbt
Alexa Traffic Ranking and Detail for GLBT http://www.alexa.com/data/details/traffic_details?url=www.gbne.net
Stay up to date on all filings herehttp://www.sec.gov/cgi-bin/browse-edgar?company=globalnet%20corp&CIK=&filenum=&State=&am....
Sub penny tracking device when aroon gets over 0 line watch out thinks can get really funhttp://stockcharts.com/charts/candleglance.php?GLBT,SRSR,VYON,INXR,$INDU,QQQQ,CNES|C|C20
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pulled this off a newer 8 k embedded in section 4k
k. Naming of New Chief Executive Officer. The Company shall publicly announce, within 3 business days of the Company becoming current with its 34 Act Reports, the name of the new Chief Executive Officer of the Company.
No name calling or personal attacks will be tolerated on this board. Whether its pumper or basher or whatever. We all have our own opinions and we are here to express them so feel free to do so.
WHEN POSTING PLEASE PROVIDE LINKS AND/OR ANYTHING OF SUBSTANCE TO PROVE YOUR POINT. IF YOU USE FACTS YOU ARE MUCH MORE LIKELY TO BE VIEWED AS A CREDIBLE POSTER.
I have made the board the best i could and have no control over when the company releases info or news.
We will try to be fair to all here as long as you stay within the TOS guidlines. We do take this seriously and I am letting you know this now. We will do my part to keep this board clean and civilized. Here is the link for tos http://www.investorshub.com/boards/complex_terms.asp
Welcome to the board.
10/2/2007 WoW lots of new things happening lately. I BELIEVE THE SHORTS WILL START COVERING IF/WHEN GLBT ANNOUNCES ITS MOVING EXCHANGES AND CHANGING OF THE CURRENT TRADING PLATFORM FROM PINSHEETS TO?? OCTBB ETC.
10/9/2007 Update looks like the first day of the NSS squeeze beginning on the heels of the Oct 15 date. With this volume a massive move is likely into Turkey day. Naked shorted numbers outlined below
10/4/07 ALL shares seem to be owned according to the filings that just came out.
There seem to be no free trading shares available at this point. So hold yours tight. There will probably be many more surprises coming up soon. They have alot to say after 2 years of quiet.
From 1st 10k page 2 after cover sheet released yesterday
As of July 26, 2007, the number of shares outstanding of the Issuer's Common Stock was 12,306,776,155.
As of July 26, 2007 the aggregate number of shares held by non-affiliates was approximately 10,700,000,000.
From 10k released today on page 118 other ownership reported by OAA or ownership by affiliate
Name and Address of Number of
Beneficial Owner Beneficially
Ocean Avenue Advisors, LLC 1,614,625,000 13.12 %
2361 Campus Drive, Suite 101
from first 10k
Total shares available 12,306,776,155
minus shares owned by non affiliates 10,700,000,000
minus shares owned by OAA affiliate 1,614,625,000
equals a defecit of -7,848,845
It looks like the total shares are owned and someone accidently bought more than whats available by 7.8 million. We can thank the naked shorts for giving out 7.8 million shares that don't exist.
Either way it seems this company is owned 100% and there are currently no free trading shares available there is actually negative shares available that the NSS'ers will have to return via buying along with the other 2 billion they need to cover via buyins.net report. OCT 15 - December 5th NSS D day
OCTOBER 15 IS NOW HERE. ENFORCEMENT OF GC HAS BEGUN.
No More MR Nice guy Moving all sell orders to much higher prices
Keep this list on your radar we might be showing up soon imo.
OTCBB Eligibility/Delinquency list http://www.otcbb.com/DailyListContent/delistings/OTCBB_Eligibility_Status_Report.pdf
10-27-07--Globalnet shareholder total update and calculation and projection done by this board
So we have only 28 posters reporting a share count at an average of 30,191,985 per holder. We have a total of 851 shareholders per 10k. So if we took the avg 30,166,132 per shareholder times 851 to make a projection or estimate of the total shares held just by us retailers we would come up with 25,693,379,235 this number is an example based on the data we compiled here.
And then you take into consideration that the O/S is only 12.3 billion. We may have a much bigger NSS position than I ever thought possible.
I still remember USXP saying they were shorted 10x their float before the huge run from .0004-.045. We might just be at the tip of the iceburg with our projections imo.
VERY RECENT UPDATES BELOW[
10/1/2007 Monday 10k for 2003 http://www.pinksheets.com/edgar/GetFilingPdf?FilingID=5457178
10/2/2007 Tuesday 10k for 2004
10/3/2007 Wednesday PR with company overview
10/4/2007 Thursday 500k financing enough for something big or to get us through year end and current with filings imo.
12/3/2007 8k where Globalnet disposes of another $6+ million in long term debt. http://www.pinksheets.com/edgar/GetFilingPdf?FilingID=5576167
12/5/2007 PR where Globalnet recaps all debt payments and restructuring activities. We are near debt free at this point and disposed of $9 mil+ in debt this year alone. http://biz.yahoo.com/bw/071205/20071205005084.html?.v=1
2/7/08 8k http://www.pinksheets.com/edgar/GetFilingPdf?FilingID=5704068
4/8/08 8k The Company will use the proceeds for two business purposes. The first is to work toward completing our 2005 audit and the filing of
our 2005 10KSB. Following that, management will work toward completing our 2006 audit. Secondly, the Company will seek business
opportunities in areas outside the telecommunications sector. These may include asset acquisitions and or private companies for consideration
as a reverse merger opportunity.
8/12/2008 below is a link to the first buy of a fund in a long time
Globalnet no longer owns GBNE.net the new owner is Next Dimension Partners nextdimensioninc.com/content/partners.html
Please do your own DD and don't ask silly questions!