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i placed my bet as well..... and i have not lost ... sorry you feel that way .. maybe its time to move on. I believe that this project might just have a happy ending... if not, it does keep the adrenalin pumping.
grin n bearit... place yor bets... its what the stockmarket is all about... personally,i find the saga intriguing... All IMO.. of course
i agree Pagan.... all the imo are spam imo...purensimpleimo
thx baghdad & warp...
U can count on it jet
hmmm.cole.... seems like we r still on the pink sheets .... wud do u think? might have just a wee bit of an effect... nah... we should be having some high rollers by now.
good point jet..."We will just have to wait and see."
cole ........ u said "dabug, why in the world would I do that...".................lol.... precisely
cole. perhaps nothing
jet....por favor ..... Please prove to me that you know the news does not mean what it says
Really cole... show me otherwise
jet... give it a rest
2 much Cole... u take it
Pagan: you said to RISKIT..."Your continual claims that no financials will ever be posted is just your opinion, with no actual base in facts. Just speculation and opinion on your part. " Seems like spam to me.
FWIW.TimHuff news fromSt.Louis: Wi-fi company CEO settles SEC suit
By Tim Logan
ST. LOUIS POST-DISPATCH
05/10/2008
The top man at a fast-growing suburban wireless Internet firm has settled with federal securities regulators over allegations of bad stock dealings at his old company.
Tim Huff, chief executive of Fenton-based Network One Communications, agreed to a $30,000 fine and never to sell securities without registering them with the Securities and Exchange Commission, according to federal court papers released last week.
The case stems from Huff's time as chief executive at Globetel Communications, a Florida company he ran from 2002 through 2006. Globetel was to build wireless networks in Russia and other countries, and has been trying to develop an airship that could hold telecommunications equipment aloft.
During Huff's tenure, Globetel announced several high-profile deals that later fell apart, and some accused the company of issuing misleading news releases to drive up its stock price.
An SEC investigation led to lawsuits charging several Globetel officers with falsifying revenue. Huff was not accused of book-cooking but of selling $1.6 million in unregistered stock to repay the subsidiary that allegedly overstated its sales.
The suit was filed last week in federal court in Florida, though Huff reached the settlement in November.
"For me to fight it for the next two years would have cost three times as much as the settlement," he said. "I'm just glad to be done with it."
Last year, Huff moved to St. Louis and started Network One, which is trying to build Wi-Fi networks using less-expensive technology than stalled efforts by Earthlink and AT&T. It's privately held, and Huff said he plans to keep it that way. He said he has explained the Globtel situation at length to investors.
"We have not had a problem raising money," Huff said.
But some who worked with Globetel say they'll never trust Huff again.
"This guy is such hocus-pocus," said Michael Sands, a Los Angeles publicist who worked for Globetel under Huff. "Keep your hands in your pockets, firmly clasped around your money."
Regardless, Network One is signing contracts with local towns at a fast clip.
It has Wi-Fi up and running in most of O'Fallon, Mo., at no cost to the city, with several hundred customers paying $20 to $50 a month for broadband access. It also has signed contracts to build in neighboring towns, plus Kirkwood, Florissant and Crestwood. A demonstration project will launch soon in Clayton. And talks are under way with city officials in Chesterfield, Maryland Heights, Maplewood and other municipalities.
O'Fallon spokesman Tom Drabelle declined to comment on Huff's past at Globetel but said Network One has done everything it promised the city so far.
"Really, we've been very pleased with the service," he said. "We have nothing but good things to say."
tlogan@post-dispatch.com | 314-340-8291
BALTIMORE (Map, News) - What will likely become the world’s first approved stem cell cure for life-threatening disease is incubating in the Baltimore labs of Osiris Therapeutics Inc.
Osiris announced Thursday that it has received clearance from the Food and Drug Administration to begin an expanded treatment program for Prochymal. The approval will make the investigational stem cell product available to children with life-threatening graft vs. host disease, or GvHD, in which immune cells in transplanted marrow attack other cells.
“Prochymal has had a profound positive impact on the children that we have treated, all of whom had exhausted available therapeutic options,” said Dr. Paul Szabolcs of the pediatric Blood and Marrow Transplant Program at Duke University.
Osiris Chief Executive Officer C. Randal Mills told The Examiner he was confident the treatment would win FDA approval, which would make Prochymal the world’s first approved stem cell therapy.
The FDA streamlined the process for Osiris to provide Prochymal to children with GvHD. Prochymal, a formula based on adult immune system tissue called mesenchymal stem cells, is in Phase III clinical trials, the last stage of testing before FDA approval.
The company announced in December that early testing saved the lives of seven of 12 children with advance-stage GvHD, all of whom had been given fewer than 100 days to live.
“Since there are no approved treatments for GvHD and mortality is so high, gaining faster and more reliable access to Prochymal will be very helpful to the families we serve,” Szabolcs said.
The disease comes about when a tissue transplant, such as bone marrow, activates the body’s immune system against the recipient’s tissue.
Mesenchymal stem cells used in Prochymal are found at a ratio of one in every 100,000 bone marrow cells and are dispatched in the body to relieve inflammation and promote healing.
Osiris is seeking approval for treating three different conditions with Prochymal and has contracted with the Defense Department to investigate using the stem cells to fight radiation sickness.
khille@baltimoreexaminer.com
I'me with you on all points Modlam...
You said "All this leads me to think that anyone who says they are a proud GTEM shareholder should take a course in investing" No truer words were spoken imo... where better to feel the exhilarating hopes,the tragedy of deciept,the human ness of it all... and wake up the next morning and say i still believe. GTEM has shown me all that is right...and all that is wrong..... great education.
i hear you glow
nor have eye
yes RIU..... another day in paradise... GLOBETEL is still here.
"Remember that overlypromotional and hype statements from individuals and companies are illegal. If you feel investors are being "rooked" contact the SEC." hmmm the SEC..... yeh, right... Ime sure they have been protecting investors all along
FWIW: news from Tim >> http://www.stltoday.com/stltoday/business/stories.nsf/0/6E86C2EE69FAF7FC862573E8000F5CF2?OpenDocument
Business > Story
Network 1 CEO happy to be out of public company spotlight
By Tim Logan
ST. LOUIS POST-DISPATCH
02/07/2008
Network 1 Communications may be a new company, but the chief executive behind it has had a long and sometimes bumpy ride in the telecommunications industry.
Network 1 was launched last spring by Chief Executive Timothy Huff, a veteran network engineer who from 2002 to 2006 was chief executive of GlobeTel Communications, a small telecom company in south Florida.
Under Huff, GlobeTel launched wireless networks in Mexico, Brazil and Germany. But it attracted wide attention in December 2005 when it announced a $600 million deal to build networks in 30 Russian cities. That week, its stock price almost doubled.
But by April 2006, financing had fallen apart. GlobeTel pulled the plug on the deal, and its stock price, already battered by delay, tumbled to new lows.
This prompted a shareholder lawsuit asserting the Russian deal was "a sham." There were accusations by financial columnists that GlobeTel was a "pump-and-dump" stock scheme. In October 2006, the American Stock Exchange, where GlobeTel was traded, delisted the company, citing its "overly promotional" press releases touting the Russian deal. Huff resigned, along with several members of the company's board.
In an interview Monday, Huff said the Russian deal collapsed because banks both here and overseas "got nervous" about financing such a small company in a country with difficult business conditions. Delays led the stock price to slide, then critics and skeptics pounced, questioning GlobeTel's ability to pull off the deal.
"Everything was done on the up and up," Huff said. It just "became really twisted."
After the class-action suit, he said, AMEX chose to make an example of GlobeTel.
"They were trying to clean up their image," he said. "We were just a lightning rod, and they wanted nothing to do with us."
Now, Huff said, he is glad to be involved in a privately held company and is freer to focus on technology.
"I'm an engineer," he said. "I just want to build a network."
And does he have any plans of taking his new company public?
"No way in hell."
absolutely astounding rabid veracity... keeps this place worth visiting .lol
that sounds about right..... sounds good too
bid/ask just jumped... whats up?
info about the program at stuttgart from Regine C. Henschel TAO ::::::: http://translate.google.com/translate?hl=en&sl=de&u=http://www.innovations-report.de/html/berichte/innovative_produkte/bericht-20692.html&sa=X&oi=translate&resnum=1&ct=result&prev=/search%3Fq%3Dhenscheltao%2540aol.com%2B%26hl%3Den%26safe%3Doff%26sa%3DG
well said modlam
Symbol: PMCL
L2 Summary
Bid Level #MM's Size Ask Level #MM's Size
0.0310 1 5000 0.0330 1 5000
0.0305 1 5000 0.0460 2 10000
0.0270 1 5000 0.0550 1 5000
0.0200 1 5000 0.1000 1 5000
L2 Quote:
MM on Bid : 8
MM on Ask : 8
MM ID Bid Size Time
SBSH 0.0310 5000 07:12:05
ABLE 0.0305 5000 07:09:21
UBSS 0.0270 5000 07:48:06
HDSN 0.0200 5000 07:09:21
RBCM 0.0050 5000 06:55:06
VFIN 0.0000 5000 10:22:08
AUTO 0.0000 -1 10:39:00
BRGE 0.0000 5000 11:02:01
MM ID Ask Size Time
VFIN 0.0000 -1 10:22:08
AUTO 0.0000 5000 10:39:00
BRGE 0.0000 -1 11:02:01
SBSH 0.0330 5000 07:12:05
ABLE 0.0460 5000 07:09:21
HDSN 0.0460 5000 07:09:21
UBSS 0.0550 5000 07:48:06
RBCM 0.1000 5000 06:55:06
interesting observation by lowtrade:...........http://www.investorshub.com/boards/read_msg.asp?message_id=18168837
nice 1 frank... blackstone ipo comments.....
any thoughts on TNOG..... ? really jumped on friday
not sure if ST is open monday, but you're right.... they should give an explanation to the halt; the guy i talked to indicated that this may all be moot in three days, (wednesday) .
LOL... precisely my thinkin..........suspicious trading irregularities........... where was ST when we really needed them :P
i talked to S T yesterday and they said they had a list of bout 300 companies that were put into non online tradeable status. They said companies go on and off the list regularly(minimum stay- 3 days) and are on the no-trade list when someone decides there have been irregularities in the trading pattern....... ACTC is another company that just showed up on the list FWIW...
.43 pounds = .58
who provides the L2 service you use testekleez? tia