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Lexington deal. Something worth looking into:
On May 26, 2006 100,000 shares @$1.85 = 416,666 shares on May 2, 2007 @.24.
Should the price go down to .12 would be= 833,332 shares.
Be interesting to see what happens between say May 20th and June 6th.
If I was the seller. I would short this stock before May 26th. The more it is driven down the more shares will be received. Not a smart way for a company to transact an acquisition and can hurt shareholders in ways like shorting and dilution. Meanwhile will Globetel try to accomplish something to get the price up so less shares will be given out? Or will it be they simply don't care? Although this is a small amount and may not mean much, transactions like this are something that needs to be scrutinized. IMO. Why weren't they paid off at the time of the transaction?
Lexington
On May 26, 2006, the Company’s wholly-owned subsidiary, Centerline Communications, LLC entered into an agreement to acquire specified assets and contracts of Lexington Global Net, LLC (“Lexington”), a telecommunications systems operator located in Atlanta, Georgia, with operations in the United States and Latin America, primarily in the country of Colombia. The acquisition transaction, which closed during the three months ended June 30, 2006, was paid with $25,000 cash and $100,000 of the Company's common stock to be paid based on an agreed upon value of $1.85 per share for a total of approximately 54,054 shares, to be issued in increments during a period from 60 to 180 days after the execution of the agreement. However, should the market price of the shares delivered decrease to less than $1.85 per share, one year from the date of execution of the agreement, the Company shall make up the difference between the market price and $1.85 by the issuance of additional shares or by payment of said difference in cash or a combination of cash and stock at the purchaser’s discretion.
jfburk "What you have posted quite frankly scares the you know what out of the bashers on this board so they will do whatever they can to silence you and the way to do that is to raise any issue that attacks your credibility."
Not true, that is important information Sirious1 posted, important enough to want to know No Mas Cables is up and functioning for real and not just a post with no proof. That information is important enough once verified to make a doubter (basher as you may call it) turn investor. That is what is going to be needed to ever get this stock up again...convincing the public this company is more then smoke and mirrors.
Like DOC said in the next message: "If the buildout is rapid and for real, it will be a very, very good thing."
IF meaning even he may have doubts.
Any email address of anybody using No Mas Cable will do.
All you need is the part like: yahoo.com, AOL.com, nomascable.com etc. We can do the search.
At $1250 per unit, Uli would be smart to develop a new system.(if he is even smarter he would have an engineered defect in the 4010s.) IMO
f. Right of First Refusal. For a period of one (1) year after execution hereof, GlobeTel have the right of first refusal to purchase from Altvater any newly developed wireless system or radio developed by Altvater, at the cost of $1,250 per unit if any unit is in a die cast mold, or at the best price provided to any other customer, whichever is less. After the first one (1) year after execution hereof, GlobeTel shall have the option of purchasing any unit upon the best terms and conditions as any other offer accepted by Altvater
Lockheed's hanger burnt down and no ship so when all is said and done we have a ship and we have a hanger seems to me we have a lot more than Locheed. We are still ahead of the game
serious1, Could you explain how we are still ahead of the game? It appears Lockheed has an airship, along with a contract.
The Tethered Aerostat Radar System is used in the Keys to track drug traffickers. A sister airship at the same installation had been used to transmit broadcasts of TV Marti to Cuba, but it was destroyed in a hurricane in 2005.
The craft, manufactured by Lockheed Martin Systems Management and about twice the size of a Goodyear blimp, can fly to 15,000 feet.
http://www.orlandosentinel.com/news/local/lake/orl-mcrash2207apr22,0,1491341.story
As Vern quoted: "If GTE's new SkySat isn't tethered, it simply won't work. You have my word on that!"
http://www.investorshub.com/boards/read_msg.asp?message_id=19164606
Now that is a good informative hunch and I have a feeling you are right. Personally I would like to see 10 million shorted shares at this price. Any good news would cause the price to jump substantially as the shorts cover. All the shorts got covered cheap. Now it is set up so any good news would cause a jump in price only to be shorted down. The proper balance is not there IMO.
One of the reasons why it would make sense for Gothem Financial
to get the company. Remember Globetel did set up the Stored Value Card division with them to get a rate advantage should the need the services, the same arrangement could be used with Centerline.
Mr. Khoury continued, "This transaction will provide us with the ability to realize future revenue of up to $4,000,000 from Gotham's operation of the platform. It also obligates Gotham to give us full access to all capabilities of the platform at the 'most favorable' rates."
http://investor.globetel.net/phoenix.zhtml?c=67726&p=irol-newsArticle&ID=928608&highligh...
Nerd, how would that free themselves from TeleMex. When I called Centerline a couple of months ago they told me they only route calls from other companies and I was given an example that if I purchased a calling card from Wal Mart, CVS etc. it was possible the call would be routed through Centerline.
"You people here seem to have all the answers maybe you should run the company.LOL"
No one could run this company better then it has been run. I would have ran it the same way and lined the pockets of my friends and partners. A work of real professionals. Another Australian Odyssey in the making. IMO
Sure is great news about the skysat, they will be able to get one soon for the Globetel Wireless Division, all they have to do is buy it from Lockheed. A plane crashed into the cable of one made by Lockheed in Flordia.
http://www.orlandosentinel.com/news/local/lake/orl-mcrash2207apr22,0,1491341.story
If they don't buy it from Lockheed. Watchout Lockheed stiff competition coming!
It is not hard to figure out where Centerline will go...Nice fit with Gotham Financial. The K Boys are clever. I wonder when they will start selling their stock and under what shell name.
"Today it culminates with winding down Centerline, including the pursuit of plans to sell or redeploy parts of its infrastructure and the restructuring of GlobeTel Wireless."
I am starting to wonder if Globetel is catching on to my posts and understanding them.
Posted by: followingte
In reply to: vkoenig who wrote msg# 45903 Date:10/12/2006 3:31:55 PM
Post #of 73362
I think a better move would be to cease operations of Centerline and let the incoming cash of about 25 million go into an interest bearing bank account which would yield more money then their profit margin. That should give them enough money to put into other projects with bigger profit margins and give extended time for the company to operate. Also would help finance the strat where the big money would be and what most shareholders invested in to begin with.
Posted by: followingte
In reply to: ColeThornton who wrote msg# 45951 Date: 10/12/2006 5:04:08 PM
Post #
Cole: Centerline and its subsidiaries, which recorded consolidated revenues of $21,570,703 , or 99% of total revenues, consisting primarily of wholesale. From the latest 10Q. Could be closer to 25 million now. If they ceased operations and let the revenues roll in. That is if they actually had revenues.
Page 19,
http://investor.globetel.net/phoenix.zhtml?c=67726&p=irol-SECText&TEXT=aHR0cDovL2NjYm4uMTBrd....
Vern,here's the link: They also said that GlobeTel's managers offered them to buy GlobeTel shares before signing the contract, Vedomosti reported.
http://www.cellular-news.com/story/17560.php
"You can't believe everything you read or see in the media."
Where do you get your DD from and how do you separate what is true and untrue?
Have you actually spoken to Huff, Dumas or Bleckman to get the real truth?
They did a good job with the Stored Value Card, didn't they? I know, you will say it was for cost savings. Just about when it was up and running.
That has been validated by the SEC? Time will tell.
followingte nice try fear monger. "The SEC has been validating all the claimed assets of GlobeTel, now you think they are going to run away squirreling the assets from creditors and shareholders. For your information your talking about probable fraud. Jail awaits all involved in that." LOL
I see. So by not letting investors know about any issues or problems that could have an effect on future financing is the proper way to go. Will not look good for a S&P rating in the future. Not good for a high tech company that is going to change the way the world communicates to have a lower credit rating then most of the people who post on this board. IMO.
"Why draw attention to little problem and create a bigger one."
How could that create a bigger problem?
I can't prove it but just by the posts from many knowledgeable members on this board, I am under the assumption this is the division that is profitable and paying the bills. If you are correct then maybe I am wrong on my previous post, and it could be possible Los Angeles County Sheriffs could have seized it, at least until the $5000. is paid. For all I know it could be a good reason why as you point out:
1)centerline website suspended for failure to pay bill
2)support and info centerline email is dead and returns delivery failure
3)phone has been disconnected and is routed to globetels main phone number
Ever think that maybe just what the K men want. They would be able to shift everything wherever they want without having to answer to shareholders.
We all know Centerline Communications in LA, is up and running and doing well, so the Los Angeles County Sheriffs couldn't have seized them. Michael Sands may be stretching things a little to far.
Michael Sands says, "The Los Angeles County Sheriffs will now seize any assets of Globetel Communications and Sanswire Networks anywhere in the State of California."
Another immediate cost reduction to conserve money. No salaries, rent to pay and less embarrassment. Use the money for the Mexico Hotzone project, quicker return. A positive IMO
I agree, they won't be able to sell the shares without lowering the price with this low volume so one can expect a PR pump which will allow them the opportunity to dump the shares and maintain the .27 price. Be another case of good news and no price movement. Seems to be the pattern lately.
Nerd, Caught you! How can YOU say that! You said it many times before! No need to reply. LOL
Posted by: nerd86
In reply to: followingte who wrote msg# 44097 Date: 10/3/2006 6:32:06 PM
Post #
followinggte would the company be responsible for reporting the demise of a disassociated LLC? That is Apogeo
Is it illegal to set up a small business to get government business? If so, there are lot of companies to be prosecuted.
The Skybot was purchased from Bob Jones. It was reported at the SHM, I can't say I saw it in a 10Q or 10K. So you may have a point.
I was assured by Mr. Huff at the SHM that he had multiple boxes of evidence that Internafta was real and negotiating with GTE.
http://www.investorshub.com/boards/replies.asp?msg=13758072
Posted by: nerd86
In reply to: db_ill_invest who wrote msg# 44099 Date: 10/3/2006 6:48:57 PM
Post #
db_ill_invest it was for larger bucks; like 100K, for the rights to skybot and invader.
http://www.investorshub.com/boards/replies.asp?msg=13758356
Delta Aero which Bob Jones/Tim Huff owned privately, ( http://www.investorshub.com/boards/read_msg.asp?message_id=13682529) got the rights from the German's and were paid by Globetel/Sanswire for the it (mentioned by Huff at the annual meeting). It never belonged to Globetel/Sanswire.
Dr. Bernd Kroeplin and Tao Technologies, in cooperation with University of Stuttgart in Germany, managed and hosted the demonstration.
Dr. Kroeplin confirmed as well: "It was an honor to present this technology to our distinguished guests. The response to the technology and the flight demonstration was exciting and very well received. We will continue to develop other types of 'special mission' air vehicles - in cooperation with our partner, Sanswire. I believe there is much we can do in the very near term, which can benefit our world."
http://www.spacewar.com/news/uav-05zzzzzq.html
Cole, while I thought a lot like you about TA vs DD, after reading and following these links for over a year I realize they can go together well for a trader. I like his rules:
Never chase a running stock.
Learn what the big guys do and do the same.
Never believe the PR story, know it and trade the PR cycle.
Plan ahead, place GTC / AON orders ahead, always buy & sell on planned targets, wait for confirmation signals to enter, enter & exit in steps, and watch the stress fly away, gains and preservation of capital will come.
And always sell on your planned targets!
http://www.atomicbobs.com/index.php?board=189
http://www.investorshub.com/boards/board.asp?board_id=3972
Personally, I never thought it was legitimate from the day it was announced. And posted as such. Just comparing the 2 deals "IF" the Russian deal was legitimate, it makes this deal look like a giveaway.
"49% is all a foreign partner can own in a Mexican corporation."
Correct, but the point is, unlike the Russian deal, where is the money to build it. Getting 600 million and 50% ownership, compared to a Mexico 49% ownership while splitting the costs of a buildout is a very far cry from the Russian deal. Why such a big difference (that is if the Russian deal was for real).
Internafta will pay GlobeTel four construction payments totaling $600 million to install a variety of proprietary networks in 30 of Russia’s largest cities, beginning with Moscow and St. Petersburg. The networks will establish high speed wireless service throughout the chosen cities with the ability to provide voice over IP. When complete, GlobeTel will manage the network and will retain a continued 50 percent ownership in the network’s operation. Installment will roll out in three stages of 10 cities each over the next 27 months.
That is exactly why I say it will be fun for Peralta. I am sure Peralta didn't get rich by being Mr Nice Guy. Should early signs of this venture turn out to be any good, Peralta owning 51% reaches in his pocket and buys the company.
Funny how the Russians were going to pay 600 million and Globetel would also be 50% partners in the venture. Huff also remarked at that time the money would be made not from the 600 million buildout but from the partnership. If Huff was right on that remark, it would seem to me they are getting shafted on this deal, because they are paying 49% of the buildout. Something is not right here.
You all know how Germany is going.
"He's a billionaire and you think he's interested in pocketchange."
Peralta a billionaire to invest 10 million in a joint venture and own 51% of the company is pocket change.
Same as person who has a million dollars and they invest 10 thousand in GTEM with owning no interest in the company.
Either way it is 1% of your wealth.
How many people on this board have 10 thousand or more invested and do not have a million dollars? Which means they invested more then Peralta. The most we know Peralta has invested so far is $225,000 for the trial. They stated they were going to grow the company from revenues.
No matter how you want to look at it, it's pocket change for Peralta and he is probably going to have as much fun as Donald Trump did with Vince Mc Mann with the WWE. Which he did for fun and not the money.
Przemyslaw Kostro has to find ways to get his money back for Caterham Financial Management where he is the director. They already did a good job with the Stored Value Division, all done with former Globetel personal in place. No reason why he would not reward Huff for his good work. (done for Caterham)
Also who was the first person Huff called when the going got tough and he stepped down? Aren't the BOD supposed to find a replacement. You notice some members of the BOD resigned the same day to get Kostro appointed.
You are watching a group of experts at work here. They know how to get the most of a company and their backers and leave the shareholders with nothing. IMO
My prediction: Huff will get a group together and end up buying Centerline. Globetel will make it sound like a good thing, as the
money would be used for the Mexico buildout and partnership. Good ole boy's helping each other.
"lol...what do you classify as a LOT of bad 'luck'?"
Interim Director and CEO resign and Huff is replacement.
Every company runs into a little bad luck once in a while.
I would love to see the website in Spanish for Mexico's INVESTORS! New investors are needed from anywhere.
Americano's have lost mucho paso's so far.
This was in the 8K on 2-14-07 which is no longer on the Globetel website. Nothing is holding them back from DECT except need to acquire radio frequencies which VPN doesn't have.
2.5 LICENSES FOR THE USE OF RADIO-FREQUENCIES. All licenses for the
commercial use of radio-frequencies required for the operation of the Projects
Networks are granted by the Mexican Ministry of Communications and
Transportation only through public bidding processes. The Parties acknowledge
that at the time of executing this Agreement VPN does not own any rights or
licenses for the use of the radio-frequencies that may be required for the
operation of certain services to be provided by the Company. Therefore, the
Company will participate in any bidding process for the acquisition of the
required radiofrequencies. In the event that the Company does not meet the
governmental requirements, then VPN may, at its own discretion, participate in
bidding processes called by the Mexican Ministry of Communications and
Transportation, in order to obtain the necessary licenses for the use of
radio-frequencies by the Project Networks. All costs and expenses associated
with the Company is participation in the so called bidding processes, including
the actual bidding price for frequencies, will be paid by the Company. All costs
and expenses associated with VPN is participation in the so called bidding
processes, including the actual bidding price for frequencies, will be paid by
VPN. Due to the fact that, as mentioned above, the licenses for the commercial
use of radio-frequencies are granted only through public bidding processes, the
Parties expressly agree and recognize that VPN will not be liable or hold
responsible in the event VPN is not awarded with the licenses for the commercial
use of radio-frequencies required for the operation of the Project Networks.
Finally, the Parties expressly agree that in the event VPN is awarded with any
such licenses for the commercial use of radio-frequencies required for the
operation of the Project Networks, such licenses shall be of the exclusive
property of VPN, but VPN shall grant the Company the exclusive right to use such
licenses and shall keep such licenses current and valid for use, for as long as
the Project Networks remain in operation or until such time that the Company
obtains its own such licenses.
http://www.secinfo.com/d12TC3.uBct.d.htm
Interesting info as far as the wealth of Hidalgo:
"Horrifying? Yes, according to researcher Julio Boltvinik, the state of Hidalgo is among the 7 poorest states in the country, with 73% of its residents in extreme poverty, almost indigent, and 29% of them are moderately poor. In sum: 93% of Hidalgo residents are poor (La Jornada, August 30, 2002)."
http://www.zmag.org/content/showarticle.cfm?ItemID=3014
who are you referring to as "Frito Bandito"? People like this who would sell the Hotzone boxes for scrap, if they continue to be made of metal.
http://www.andrewnolan.com/music.htm
Axel, Do you know if these units are made of metal, which could be a huge concern as to how long they would last at each location.
There is a reason why he's called the Frito Bandito.
Risk, was that from Rob or a PR.
globetel plainly stated that they wouldn't release a financial until the SEC investigation was completed.
I have given examples of other companies under formal Sec investigations who have filed financial reports BEFORE the SEC decision was made. Everytime I gave good examples they were deleted. The fact is the SEC will not make a decision until Globetel gives them the internal investigation results, if they don't do it the SEC will get much tougher. I personally do not know if that was ever completed.
You say "The SEC is holding the books hostage by not making a statement as to what is now under investigation, if anything"
I say if a company feels they have done nothing wrong, they would feel the SEC would come up with nothing and continue business as usual. So why would you come up with innocence, or don't you?