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Great Jim - I knew that but a little gun shy at this point as to what to pray for.
Jim, thanks for the news on the lithium battery. We may hear some news on that later as I think it might be for GTE. Time will tell.
Unfortunately that has been the way its gone for the last 18+ months.
sharklady00, don't waste your time on these creeps. They are shorts wanting to cover lower. Just ignore them. They love your response - keeps them bashing.
Agree, and the AMEX and our wonderful specialist are ensuring that they get out today. IMO
Could be waiting until we move to the pinks. I have to believe that GTE didn't really hold out much hope on the AMEX appeal so they may have figured why waste any release until they move off the AMEX. Also, we probably won't hear anything until AH tomorrow or Wednesday morning on the pinks. Then maybe the sp will react positively after all the dust has settled over the AMEX fiasco. Just IMO.
Excellent post and pay no attention to the bashers like grashelm and his likes. They are here to spew out doubt and suggestions of scam and corruption. That's their game and if you get a response from them, do not reply. That's all they want. Again, excellent post.
Han2004fl, please don't feel bad for we longs. Most of us have not lost a penny - all paper. It must not be too bad a stock as you appear to want to know a good entry point, meaning you want to but some stock? Hummmm Agenda please.
low, on your advice to Design333, wouldn't it be best for her to sell during the morning hours instead of 45 min prior to a close on a violent day like today. This senario is acting like an AH NR is possible and could put her in a world of hurt if a hot NR hits in AH. Just asking. TIA
good2be, have you ever thought about a situation where 1 powerful member of an exchange decides that a company is not a company he wants on his exchange because other more influential companies put the pressure on him to act in their favor? You are assuming that the AMEX is so clean. To the contrary, as has been pointed out by Bob O'Brien's article the AMEX has a lot of problems, thus their new Mr. Clean coming on board trying to put a good face on their SEC investigated issues and fines All I'm saying is that a fair, outside investigation needs to take place. Unfortunately, it appears that the SEC is one sided. The AMEX only turns over to the SEC what it wants and no more. All IMO.
Several people on this board have been feeding the SEC information for months on whats been going on against GTE by these groups, including timing issues/players, etc. So, IMO the staffing point is a smoke screen. That dog don't hunt. That's all I will say about this, but one sided sounds about right to me.
Maybe the SEC are crooks also. I find it interesting that the SEC looks only at GTE and not at the BONY error, MF/Byron/Prenski crooks, as well as the unenforcement of the SHO regs by the AMEX. If the SEC is so clean - why the one sided approach?
Pagan, I get European site but not the US site. If you can, please post your link if possible. I have never had a problem accessing the GTE website. TIA
For true GTE supporters,the website is down at this time. I suspect they are modifying it to take off the AMEX reference and any other items that have to be changed. FWIW
What would really be a good move is for GTE to go to the pinks a day early(the 10th instead of the 11th) so the shorts wouldn't have an extra day to cover. Or better yet, have GTE ask for a halt to trading on Tuesday in preparation for their move to the pinks.
Everyone has their own agenda on these boards. Need to do your own DD and take what you read here with a grain of salt, unfortunately.
DocS, don't even take the time to respond to these creeps. Not worth it. They are only interested in driving GTE out of business and this is obvious in what they write. Don't respond - just gives them more encouragement to continue writing. Responding to posters like JimProfit and others who are truly interested in GTE as a company is much more worthwhile. Just a suggestion.
Believe the "nightmare" comment related to the ridiculous treatment he feels the AMEX has been engaged in ref the delisting process. I don't read that as a torpedo to his own ship. Just how I read it.
lowtrade, very good advice in both of your last two posts. Not the time to panic. I am down big, big time, but fortunately don't need survival money. I agree that if you don't need money invested in GTE to survive, do the numbers before pulling the triggers.
gary_17368, thank you so much for your concern for we who got "sucked in" - makes me feel good. But you are right - you need to sell and "go out on a few good binges..." And please have one for us poor longs that will hang in. Again, appreciate your heart felt concern.
PLEASE DELETE
I find it interesting that the SEC would only investigate GTE and not the MF, NY Post, BONY, and Naked Shorting at the same time to present a level playing field, or a "perception" of fairness. While I for one am glad to be out of the grips of the AMEX where we have done nothing but get shorted to death, GTE will have its measure of difficulty regaining its image and credibility. I, like several others on this board, will not panic and will hold onto my shares. If the ship sinks, so be it - if it rights itself, more power to the longs that hung in. Best of luck to all longs that depart from GTE - it's certainly understandable, IMO.
European site is back up - don't see anything new at this time.
And shortly, IMO, we will see a large block at ask of .48-.49. Amazing to watch.
DocS, don't worry, the Specialists and MM's will ensure that more shares become available at .47-.48 to block any move up. Been happening for weeks now.
peeb2005, looking at the advances listed below, my guess is that they will disassemble SansII and truck it to Edwards and reassemble it there. Since SansII is 1/5 the planned size for the Strat, would seem logical. By unbolting the nose and rear plates that hold the 8 struts in place the envelope could collapse. Same goes for the 4 fins, ie bolted in place to 4 of the struts. The lifting gas bag system would be removed prior to disassembly and reinstalled at Edwards. Looking at the improvements below, seems that SansII is geared for a rapid type of deployment, so possibly it can be easily dissambled. Just a WAG to your question.
Sanswire 2:
Sanswire 2 Advances:
• Stratellite™ Section: – Higher Structural Efficiency / Reduced Weight
– Better Energy Collection at Higher Latitudes
– Simplified Construction
– Improved Man-Lift Clearances for Assembly
• Composite Materials:
– Carbon Fiber Compression Members
– High-Strength Tensile Fiber Bracing – High Tech Films, Coatings and Reinforcements for Covering, Gas Containment, Thermal Insulation
imark, counting the struts between both fins I see 8 on the pic. On the SanII from the CNBC video there may be only 2 between each fin, ie a fin attached every 2nd strut - 4 fins, 8 struts total. So, hard to say what is what but I'm going by the number of pre-stressed struts and that's where I come up with my opinion that the picture is SansI. Certainly not very scientific on my part.
falon, that's what got me at first, but I counted the ribs in the SansII video and it had 8 ribs total, with what appeared to be a single thick lower main strut on the underside. This pic has at least 8+ ribs showing on just one side, so I think it is SansI. That's what I see. Go to the new Sanswire website and look at the artists rendering of SansII and look at the pic of SansIII(same pic as used for SansI). Comparison of those 2 pics shows the different rib counts. Just IMO. Who really knows. Ken
falon, from the limited picture my vote goes to SansI. If you count the ribs they appear to be a lot more than were on the SansII in the CNBC shots in the video. If memory serves me, SansII has a total of only 8 pre stressed ribs. The picture looks like SansI with many more ribs. I have changed my vote to Sans I. IMO
rwehapi2003, up until today on the GTE website if you clicked on any of the links below it would go to red hat site with an error explanation. Now it goes right to the new Sanswire site.
Networks & Technology:
Super Hub™
Sanswire:
Introduction
Stratellites™
Photos of Sanswire One
Market Analysis
FAQs
trunkmonk, agree. Seems to me that they updated the site as as a prelude to the showing of the Strat. That's why I think it was linked today. Maybe this weekend will see a showing of the strat out of the hanger.
Just noticed that the GTE website is now working/linked with the new Sanswire site.
http://www.globetel.net/
Vern, don't mean to be butting in here but maybe this will help. Every exchange has a limited number of seats for people like Streicher to purchase. These seats are very expensive, as you mentioned. By purchasing a seat on an exchange, ie Streicher on the AMEX, allows them to trade stocks for companies that wish to list on their the exchange where they purchased their seat. Thus, GTE is handled by Streicher and is traded by this entity on behalf of investors interested in GTE stock. There may be a small fee that GTE paid the AMEX or Streicher to list, but that's about all. Anyway this is my understanding of the seats you mentioned. Hope this helps.
ADDED: Posts crossed and I see you responded already. Ken
vkoenig, GTE did not buy a seat on the exchange as a broker would. They are just a listed stock.
That's a British company with same symbol I think. Seen it before - not Globetel.
rwehapi2003, was this recently added to the site? Thanks
SAMdashada, hopefully GTE won't have to say anything untruthful or make outlandish promises to stay listed (BTW not infering that you meant anything like that). I would expect GTE to lay out the facts as they see them and if the AMEX disagrees with them, they go to the OTC. Getting delisted is not desirable and I agree with you that it would be better if GTE leaves on their terms. But if not, IMO GTE will survive and live to fight many other days. That is my hope and my own expectation.
Hi glow - IMO there is NO protected exchange in the world. The point is the exposure issue and who trades in the exchanges. GTE got themselves in a world of hurt when they worked with the likes of HBK etc. So maybe less "visibility/interest by some of the short players/hedge funds will subside on a lesser exchange like the OTCBB. Time will tell if GTE gets delisted, but I think GTE will get probation and a stern slap on the hands.
doctorS, great post. I agree with everything with the one exception of staying on the AMEX. A friend of mine that knows the ropes with exchanges stated that the AMEX was an "unprotected trading enviornment". Kinda says it all, and particularily unprotected for small companies that have to struggle to make ends meet or that are in an R&D position, as I think GTE still remains. The point being less exposure is not necessarily a BAD thing when a company is emerging with new technology and concepts. So sometimes lesser is better, ie less exposure to the large hedge funds, countless listing regs etc. So my hope is that we survive the delisting hearing, regain our good name, and in a few weeks turn around and voluntarily delist from the AMEX. IMO GTE went to a national exchange too early in its development and subjected itself, like many other small companies, to a barrage of problems that we have painfully experienced for the last 16 months. So, while many want to stay on the AMEX, I think the best thing for GTE is to retrench in this battle and fight another day on a national exchange - a day when the company is stronger and can withstand the "heat" of the big boys. In the meantime, GTE will continue to develop its technology in a much less hostile enviornment. This is all IMO.
DonG, I don't remember any write ups on the BONY crook, er, I mean BONY error. The sad thing about these issues is the brokers that make these "errors" really get off without any consequences, at least that I am aware of. They just say uh oh, we made an error, that caused a stock to plummet but we will buy back the "error" at our convenience - all is well (execpt for the stock that got trashed) IMO only.