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Correction: OTCBB
.13 - seems to be the magic number for the new MM. Let's move on to the OCTBB already.
And, judging by the trades today, that move appears imminent.
145,000 shares at .179!!!!!
.13 - am I dreaming? Something good on the way?
Robin, the "goal" is sustained stationkeeping at the stratospheric level - not a test flight at a certain altitude.
I have seen client(s) referred to as "the client" thousands of times and the entity being referred to was "our" client. Typical phrase.
Nerd, I never said that this pr was for a client - whatever gave you that idea? I merely said that the article referred to a client - there's no need to produce something without interest nor is there any reason for private investors to fund you sans interest in your product(s). Without real potential clients, government or otherwise, I doubt that the last funding would have occurred.
It's "the client" as mentioned in the article and they don't want to give us this detail . . ..
What's with those "other trades" - up to 179,000 shares, then 197,000 - the vast majority of shares this am.
Could it be a condition of U.S. government (defense) contracts that a U.S.-based entity hold certain patents? Anyone know?
Cole, I guess you missed the recent testing:
More News
Satnews Daily December 15, 2008
More UAV Capability Info Requested Of Sanswire By Global Telesat
Sanswire Corp. (PINKSHEETS: SNSR) has delivered an additional UAV study following the initial payload integration study prepared for (GTC), a provider of satellite-based tracking and monitoring services and satellite-based airtime to government and commercial end users.
This overall capabilities study was requested due to GTC's heightened interest in joint venture Sanswire-TAO's original study regarding its lighter than air (LTA) unmanned aerial vehicle (UAV) solution. GTC continues to evaluate Sanswire-TAO's two recent studies for technical collaboration purposes as well as business opportunity discussions with GTC clients. With this additional request for a supplemental study, the company extended additional time for GTC's option to further invest in Sanswire Corp. The second study focused on Sanswire-TAO's Mid and High Altitude program and illustrated the uniqueness and capabilities of Sanswire-TAO. The basis for the study was to contrast the unique approach of the Sanswire-TAO joint venture in adopting its patented lighter than air, non-rigid, segmented cell airship design, which differs greatly from the heavier than air "flying wing" or rigid blimp-like vehicles. It also covered:
* Endurance and propulsion through the recently filed patent application for Sanswire-TAO's segmented airship equipped with energy medium
* Proprietary autonomous flight control system implemented into the segmented cell vehicles
* The dual phased approach for immediately available medium endurance vehicles and future concepts for long endurance vehicles that use environmentally-friendly energy solutions
Select this graphic for additional information...
Sanswire-Tao homepage
Why don't you print the entire page 124 - not just the one quote? I go to the link and have tried twice to open up page 124 and both times could not do so - an error occurred. Thanks.
Please provide your link for the following statement:
"On January 5, 2004, the Company secured a contract with Global Telesat Corp., a wholly owned subsidiary of GEF, for worldwide termination of voice and data mobile satellite telecommunications traffic originating in Iraq. In conjunction with securing this contract, the Company issued 300,000,000 shares of common stock to International consultants valued at $21,000,000. The Company did not derive significant revenues from the Global Telesat Corp contract, the consultants failed to fully perform the contractually required consulting services."
Much appreciation for all of your recent (and past) posts, imawswami. From your comments here, there appears to be good reasons for the investment from Europeans who were also invested in the Stratxx.
One wonders if he was invited to view the recent tests, and then made his move.
Vern was a "Naval architect" or something like that. As I recall, he was big into some sort of rigid, metal-based frame for the stratellite . . . .
Last update: 9:02 a.m. EST Nov. 11, 2008
NEW YORK, NY, Nov 11, 2008 (MARKET WIRE via COMTEX) -- Pink OTC Markets Inc., the leading electronic inter-dealer quotation system, trading technology and financial information provider for over-the-counter (OTC) securities, is pleased to announce a new Financial Regulatory Authority (FINRA) rule change effective today for limit order protection in the OTC marketplace.
Starting today, broker-dealers that handle customer limit orders in OTC equities, whether received from their own customers or from another member firm, cannot trade ahead of customer limit orders. This means that a firm cannot trade for its own account at a price equal to or better than a customer limit order without also executing the customer order.
This specialist-type obligation on OTC broker-dealers to execute customer limit orders price for price and share for share brings one of the most significant regulatory safeguards of trading exchange-listed securities to investors in the OTC market. This significant rule change will result in improved quality of executions for investors and improved OTC market efficiency.
Limit order protection will contribute substantially to transparency in the market, resulting in better and fairer executions for investors, as well as standardize the regulation of trading in listed and OTC securities. In recognition of this important advance in market structure, Pink OTC Markets is extending a free Real-Time Level 2 Quotes trial to issuers of securities in the Pink Sheets Current Information market tier for the next month. Investors using www.pinksheets.com will have access to real-time market maker quotes in order to better monitor the execution of their limit orders.
For more detailed information about the Limit Order Protection rule change: http://www.finra.org/web/groups/rules_regs/documents/rule_filing/p038831.pdf
NON A-Z INITIATIVES
1. The US Technical Lead provided a summary of the non A-Z initiatives (Enclosure 10) including:
a. Efficient XML (EFX)
b. HAIPE
c. Hastily Formed Covered Networks
d. SANSWIRE Skysat
* * *
39. The Chairman outlined the challenges facing the WG in the lead up to the next meeting, and asked that nations be prepared to report their National participation levels for both A-Z and non A-Z initiatives, and present their initial TW ship riders and augmentation requirements. The intention is to review the technologies, objectives, and questions and modify these where necessary. The primary goal for the next EWG will be the development of a detailed RR LOE Plan.
40. In closing, the meeting schedule was updated, with the next event being the TW08 IPC 27-29 Aug and the next EWG (08/3) to be held in San Diego 26-30 Nov 07.
Thanks for that reminder about the Navy plans, Nilremerlin. My guess is that the Navy, GTC, and Sanswire/TAO were all present during that 3-day demonstration in Stuttgart.
It looks like someone is getting in a at a pre-determined price.
So easy for MM's to drop the price down on low volume while the market is under pressure. Glad to see they aren't scooping up that many shares.
showing .06/.08 on Alphatrade
Interesting: "Our near term goal is to penetrate the military/government use market for low to mid altitude unmanned airships."
Hmmm, bid higher than the ask - .067/.065 - who's messing with the MM's?
I wonder if news about test flights or the Navy LOE will wait until the switch to Nasdaq.
Percentage-wise, GTEM was up twice as much as the price of crude.
Someone who believes in the technology - perhaps one or more of those "partners" who were mentioned as attending the recent 3-day demonstration in Stuttgart.
What a strange interpretation of the facts. I'm glad that the SEC is using our tax dollars and expensive judicial resources wisely by combining the two cases. I only wish I could attend and see Joe M. as he lies and spins and is exposed by the very able GlobeTel lawyers.
Patents, flight tests, 3-day demonstrations, Navy LOE's, filing financials - all cost money. A fair amount of money. Rather silly to waste so much on "nothing" . . ..
Whoever is supplying the money for these patents would pretty much need to have a guarantee of a contract, IMO, given the amounts and the issues involved.
Thanks much. I was wondering about the international filings as well. It appears that Sanswire/TAO may be spending significant sums on obtaining these patents, which they would not do, IMO, without a partner/contract in the wings.
Mide, do you have any idea of the cost of the filings of these patents? TIA
Ditto. Critical to going forward and partnerships/contracts. Anyone hear anything on the Navy LOE?
Thanks, Mide. I have noticed that as well (re communications). I also take this as a possibly good sign.
No trades in 2 hours and counting?
Nil, that's my opinion also. They will change the co. name to Sanswire, and the new co. (GlobeTel transformed into Sanswire) will own half of Sanswire/TAO. They want to get rid of the GlobeTel name, and move off of the pinks with a new name & symbol.
My, look at the buys vs. sells; three to one, yet the MM's bring it down! Can you say manipulation?
My thinking precisely.