Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
So much for the "call IR" theory. It's common sense, if you do call, they can't tell you anything new, and if everybody calls, they get swamped telling people they can't say anything.
Just wait for the PR, or don't and move on. Suit yourself.
Those people in Mexico spend a lot on telephones, for living in mud huts, not:
http://www.teleclick.ca/2007/08/mexican-telecom-spending-to-increase-97-this-year-reports-la-jornada...
Mexican businesses and consumers will spend US$38.2 billion on telecommunications equipment, services, and accessories this year, up 9.7% from 2006, according to one of Mexico City’s leading daily newspapers, La Jornada.
Telecom services, including local and long distance phone lines, wireless airtime, and broadband and dialup internet services will account for $25.8 billion, or 67.5% of this year’s spending, La Jornada reported, citing a recent study by the consultancy, Select.
Telecom equipment, meanwhile, is expected to generate sales of $7 billion this year, followed by IT services with $3 billion.
Deja vous all over again, these guys are stealing our (abandoned) idea. Woulda coulda shoulda:
http://www.chicagotribune.com/business/chi-mon_notebook_0903sep03,0,4452228,print.story
chicagotribune.com
INSIDE TECHNOLOGY
Start-up wires money using wireless phone
By Jon Van
September 3, 2007
People use mobile phones to take photos, play music and send text messages, and maybe soon to send money to relatives abroad.
That's the goal of a start-up company based in Rolling Meadows called aKos Technology Corp. and its founder, Daniel Csoka. By next summer, customers in the U.S. should be sending millions of dollars to Mexico via their cell phones, Csoka said.
He envisions "a virtual Western Union" for those who don't have bank accounts. Today, people Csoka calls "the unbanked" have few choices in sending money beyond going to a Western Union outlet and paying cash that will be wired abroad for the recipient to pick up. These transactions typically come with hefty fees, he said.
In the system Csoka is building, a user could pay his money to the same store where he buys his prepaid phone minutes.
"Instead of paying $20 for prepaid minutes, he could pay $220, with the extra $200 going to his mother," Csoka said.
When the money is deposited, the phone user gets a transaction number and password that he can give to his mother when he calls her, Csoka said. The mother then gives the number and password along with her ID to a convenience store, which gives her the cash.
Banks in Mexico have established networks of local stores where people without bank accounts can go to pay bills with cash, Csoka said. These will be used for his money transference scheme.
"We're taking a lot of pieces that are already in place and putting them together into a new service," Csoka said. "The beauty of this is that people are already doing this, so we're not trying to get them to change their behavior much. Instead of going to a Western Union to send money, they just go to the same store where they prepay their phone service."
Transaction fees will be significantly less, he said.
"This is a market with huge potential," he said. "Transfers from the U.S. to Mexico totaled $24 billion last year, up 20 percent from 2005."
Csoka wants to launch the service next summer, targeting Mexico first and later expanding to other Latin American countries. Eventually, he hopes to expand to China and India.
His company has signed its first wireless carrier, Clear Talk Wireless, and hopes to have four or five others onboard before it starts operations. Clear Talk will target its customers in California and Arizona for the money-transfer service.
AKos Technology will handle all the back-office functions of the service, including the computer that keeps track of transactions, but the service's branding and marketing will be done by the prepaid wireless carriers, said Steve Richards, vice president for business development at aKos.
The privately held company, which has just five employees, has been working for a few years to put together the cash-transfer business and has found that getting regulatory clearances have been the most daunting hurdle to the project.
"You have to have federal approval in the U.S. as well as approvals in Mexico, and you also need approvals from every state where you have a customer residing," Csoka said. "It's a major barrier."
The tone of that letter is so academic. Plus it reads like a historical narrative. Hardly credible as contemporaneous to January 1.
It was recently written for shareholders to read, not eight months ago for a board of directors to read.
Sorry to see someone acting in this manner. It can't be good for Joe these days.
rwehapi.. that was a lot of typing, but really interesting reading. Thank you.
One thing it reveals is legitimate effort on the part of a company to trying to achieve legitimate goals.
Say what they will about poor management, execution, accounting, etc. I think it at least disproves those who would have us believe GTEM is a scam.
Are there those of us who cling to every possibility of success? Of course, and knowing how that feels I can also easily recognize those who have similarly vested interests and cling to prospects for failure.
For those who try to warn off new investors, more power to them. It would be nuts to represent this stock as some sort of a solid prospect. I hope for its success nonetheless.
Jetmek...I believe your e-mail is authentic. This board has become a scrappy place and everyone's motives are in question. I don't mean to offend honest people.
I am surprised by the loose nature of the wording, but if he is not a contracts guy, then that could explain it. That could also mean that he is not fully informed.
So we know they were not evicted, (a huge dissapointment to many), that they are still there now, that they are there until the 7th, and that no new lease has been granted.
Finalization of the lease could be contingent on an as yet unreceived deposit, which would leave the County open to negotiate a better deal if it were to come along in the mean time.
Also as suggested earlier, he could simply be uninformed and if someone were to actually pursue getting the lease, they could find that it is not in fact available.
It could also mean that Sanswire will be out on the 8th.
'No extensions have been requested nor granted.'
That doesn't sound like what would come out of an LA County office.
It's too definitive and also innapropriate.
I would expect something like:
"No extension is being considered by this office at this time."
Note the singular number, since only one extension would be considered in this instance, and also the careful exclusion of other possible actions or requests that he might not be aware of yet could be en route via courier or occuring elsewhere. If these people haven't responded to a similar question in the past, they have their lawers look at their answers before they send them.
'The Mexico JV is the only revenue producing project the company currently has.'
Great news VK, the system works! Oh, but then again, considering the source, maybe not.
'I understand that he may have had 2 conversations with the CEO of No Mas.'
There is no CEO of No Mas.
Your efforts are outstanding, thank you. Without them we would have no information at all.
The chicken wire thing is a red herring. However I don't find fault for raising it in the vacuum of information that was out there. Now, thanks to you there it is only a partial vacuum. (After the 'this close' BS, chicken wire seems like a much milder form.)
Apology gladly accepted and it is interesting to read everything that you have to say. My work was not life and death, good on you for yours.
I agree it acts as a receiver transmitter and yes that is only when it is NOT grounded which may or may not be the case given random circumstances of construction. As a transmitter (or re-radiator, the same principle behind a yagi) it can generate multi-path and it's attendant interference nodes (also adjacent nodes of positive interference). You wrongly accuse me of BSing. I happen to have worked as an engineer in commercial radio. If you don't tighten the screws down on the components the gaps can cause spurious signals. Harmonic filters are used internal to the electronics. I'm talking about reradiation on the same frequencies. You know, multipath. Your copper grounding probably kept everything nice and clean. I'm not saying the wire is acting as a farraday screen.
Again, I'm not saying this is causing failure of the system, but it does complicate things.
Stuff gets ignored and piles up.
Yes and that action of ignoring could have been a fundamental strategic decision right along the lines you are discussing.
The SEC stuff had to be dealt with. All else dies otherwise. Joe's "little NMC project" would stand or fall on it's own, or seek it's own level to put it another way. There wasn't really a proactive approach to take there until and unless it reached the point where we are today, with the possible exception of securing the Hot Zone asset which they did.
Maybe the 'leaking' of this heretofore secret information regarding the current status of NMC is the next step in that strategic thinking so as to either get it fixed or get it killed.
That chicken wire can raise havoc with RF energy, and it is more complicated than the mesh size being big enough to let the waves through. It can be the twists in the wire and/or the tiny junctions between welded pieces that are causing problems. Plus the mass of the cementitious materials attenuating what are already very weak signals.
It's not to say it's insurmountable, but it takes diligence and hard work, with new and unexpected problems being discovered and solved every step of the way.
More is needed than some dreamer saying "Make it so."
I do think that they can, but apparently did not, so that is why I suggested that it may have been 'out of their reach' meaning that they could not reach into Mexico and get rid of the guy, that perhaps they need VPN to do that and for some unknown reason that has not happened. I do believe it can be done and I would like to see it happen, now.
Have a good evening.
It is odd that the same K-guys who did a nice job of decisively straightening out the Uli issue, the Monterosso issue, and also the Huff, Jones, Magic Money, expensive offices issues are now alleged to have dawdled while the G familly issue festered and fumed. It doesn't wash on that basis.
Maybe this one is out of their reach. Which makes me want to write an open letter to the Peraltas requesting that they finish the house cleaning Globetel started by doing
it from their end. Then get the kind of people in there who made VPN de Mexico great to begin with. We have the technology and that is about all. They have to get a culture installed who will execute the implementation. (and not the culture of lazy or incompetent bloodsuckers that we've had to date)
Now do those who were critical of some for being too impatiant from the outset of the NMC deal see exactlly why it is important to watch, monitor, badger, mock, encourage, reward, and work hard just to keep things on track, let alone make gains on a project? Where are the revenues compared to then? Unchanged. Whoopy f'n snort.
You are acting like you know they did not move out of the hanger. You do not know that.
Not to the contrary and no we don't know the terms of the settlement. Globetel has indicated nothing (I know, Danielle said yadda yadda yadda) and lack of a PR is not knowing the terms of the settlement.
All of the usual three blind mice extrapolations, which are inherently inaccurate whether they are positive or negative.
I have no idea when we will know the terms of the settlement
The truth is we don't know.
I think it is the premise of your question that is in question. There is nothing that says Sanswire has the hanger. Also nothing that says they don't. We don't know. You don't know, but you are acting like you do.
For those who choose to denigrate Mexican telecom markets as made up of poor people who can't afford the services, tell that to Axtel, they don't seem to share your sophisticated level of understanding:
http://money.cnn.com/news/newsfeeds/articles/prnewswire/MXTU00114082007-1.htm
Axtel Arrives to the State of Sonora; Commences Operations in Hermosillo
-- AXTEL's voice, data and Internet services will be available to Hermosillo's 700,000 inhabitants; -- AXTEL will invest approximately US$27 million over the next 5 years in Hermosillo; -- Hermosillo represents the sixth new city of 2007.
August 14, 2007: 05:00 PM EST
SAN PEDRO GARZA GARCIA, Mexico, Aug. 14 /PRNewswire-FirstCall/ -- Axtel, S.A.B. de C.V. ("AXTEL"), a Mexican fixed-line integrated telecommunications company, announced today the official opening of its regional offices and full operations in Hermosillo, Sonora.
AXTEL will invest approximately US$27 million over the next 5 years to provide carrier-class telecommunication services to approximately 700,000 inhabitants in the northwestern city of Hermosillo.
The commencement of operations in Hermosillo, the sixth new city for 2007, represents a step forward for AXTEL's growth strategy in the State of Sonora, as well as in Mexico's northwestern region.
During the inaugural ceremony, Tomas Milmo Santos, AXTEL's Chief Executive Officer, referred to the Company's goal to be recognized as the best alternative for telecommunications services in the market. Ernesto Vargas Gaytan, Treasurer of the State of Sonora, made the inaugural speech followed by the initial AXTEL call. The event was also attended by Ernesto Gandara Camou, Mayor of Hermosillo, as well as other local businessmen and press members who witnessed the actual start of competition in fixed telephony within the city and state.
In addition to the inaugural ceremony, AXTEL also announced that it will provide local and long distance telephony, broadband Internet, web hosting, data storage and security, VPNs and built-to-suit communications solutions, among others, to business and residential customers in approximately 90% of Hermosillo's metropolitan area.
"We are happy to today launch local services in our twenty-third Mexican market. We are convinced that AXTEL's quality services and state-of-the-art technology will contribute to the economic development of Hermosillo. We are also confident that our customer satisfaction orientation will continue being our best marketing tool," stated Antonio de Nigris Sada, AXTEL's Northern Region Director.
AXTEL, a listed company in Mexico's Stock Exchange since December 2005, will invest US$210 million nationwide in 2007. The Company reported $5,943 million pesos in revenues during the first semester of 2007, and 844 thousand lines in service as of June 30, 2007.
About AXTEL
AXTEL is a Mexican telecommunications company that provides local and long distance telephony, broadband Internet, data and built-to-suit communications solutions in 23 cities and long distance telephone services to business and residential customers in over 200 cities. The twenty-three cities in which AXTEL currently provides local services are Mexico City, Monterrey, Guadalajara, Puebla, Leon, Toluca, Queretaro, San Luis Potosi, Aguascalientes, Saltillo, Ciudad Juarez, Tijuana, Torreon (Laguna Region), Veracruz, Chihuahua, Celaya, Irapuato, Tampico, Cuernavaca, Morelia, Merida, Xalapa and Hermosillo.
***********
Now as to whether or not Globetel owns a piece of those markets is another story, but certainly they are worth owning.
Actually, I'm beginning to see your point. The market apparently shares your view. It could be as you say.
Globetel, what are the terms of the settlement? Will you be staying in the hanger or not? Is the outcome of this negotiation a material event?
12 months? Kind of reminds me of a hot date I once had. She said "I'll give 20 minutes to cut that out."
They settled? Oh no, this is a major setback for those who wish to force GTEM into bankruptcy and take possession of their assets.
For a dieing company they still have some whoop-ass left. This one's a kick in the shorts.
Does anybody out there know where GTEM is getting their money these days? I think it is safe to assume that it is coming from somewhere. Either that or they really know how to stretch $750,000. Wouldn't it be great if they have some revenues? Something made LAWA have a change of heart.
Anyway, score one for the good guys.
imo that is not who we are. Reuters should do a little more dd.
Where in the contract does it say that default results in a reversion of the rights? It doesn't say that. It may mean losing the test equipment (assuming you're right about the default, which we do not know) but not the rights. You are wrong on that one.
Now that is an interesting development. Nice find, bizarre, but interesting.
As far as I know, all the SEC cares about is correct financials. The SEC may have brought out issues that had to be resolved and maybe the only way Globetel could do that was to show the old auditors what the SEC brought into question and ask them how things might be changed in order to satisfy the SEC's desire to see correct financials.
If true, then going to the old auditors would not be an SEC requirement, if true then that would be Globetel scrambling around trying to fix something. In other words, if true, then that would be an excuse for not doing things correctly the first time.
I think that is probably Bleckman's message; 'more problems from the old regime'.
This standard rebuttal of "call the company" is over used, as though it's the shareholders' fault that they know nothing of the vital issues surrounding the company. Phone calls to IR don't make money, they don't cause progress, and they don't generate news that moves the share price.
Calling the company is more of an act of self gratification than anything else...and that never get results.
So those who want to waste their time are obviously free to do so, but don't expect everyone who wants answers to pick up the phone and start playing word games with Mr. Bleckman.
I'm seeing you make a not so subtle connection between this 100K "cash call" as you term it, and the 70K that you obviously wish was in your pocket.
It looks to me like maybe you're watching various monies changing hands as the NMC deal progresses and thinking "I could use a piece of that, and I think I'll go on this message board and act like they owe it to me by saying that they breeched my contract." It's cheaper than hiring a lawyer after all. Also while you're at it, you say everything else you think you can get away with to be a thorn in the saddle.
Maybe you figure if you don't get it now, maybe you will later on down the road when money is not as tight and they would like to quiet you down, which would mean that you think they will be making good money in the future, right?
Hey, that's right, and to think that GTEM can't come up with a piddling 100K is stupid. Heck, Tim Huff himself would chip that much in just to ease his conscience on the whole matter, imo. Or Joe could negotiate his severence package if they were that desparate to get it. It's not a couple of million after all it is a measley 100K and that is IF and a BIG IF it is even true that it is owed, considering the source.
It appears as though what this "teaming" partnership entails is an agreement to "go fishing" for a customer willing to pay development costs to get something new off the ground (literally).
Elisra appears convinced, along with many others, that a deployable airship of the types described by Globetel would be marketable. There isn't anything to buy 'off the shelf' so rather than try to hit what a customer might want coming out of a coordinated effort between the two companyies (and more importantly spending money that we don't have and that Elisra doesn't wish to risk), find the customer first, define the specifications, then get them to risk some development costs based on where both companies currently are with their respective products or product concepts, and then go on from there.
It's a long shot; actually the kind of thing that only a government would risk 'funny money' (tax money) on.
As investors we're still wholely back on the speculative side of the glass again, given that as far as we know there are absolutely zero revenues to report from NMC or otherwise, in fact with Centerline's giant boneheaded screw-up, apparently less revenues than we thought. Thanks Tim, Joe, etc.
So you have this "personal grapevine" that has insider information on the current number of subscribers, the very latest communications from NMC to GTEM, and not only that but also detailed communications from Koury to NMC. Wow, what do have; a stratellite floating outside his window? or wire taps?
or are we to assume that someone like Joe's friend in Mexico is sitting on the edge of Peralta's desk? (neither of whom are still with the company according to what we are told by PR and mide)
Plus this supposed source would also be very easy to ferret out by management, yet he or she continues to freely feed it all to you, the message board mouthpiece week after week, without repercussion.
So in my opinion this information is either endorsed by Globetel to be released in this way (ridiculous) or fabricated (most likely the case).
KA..is there a date certain for that?
Vern.. the part of the picture that I think your missing is that if it is auctioned off for $10,000, then it is worth $10,000, not $500,000. Stick with engineering.
"There also might have been another audience that PR was addressed to...one that paid really close attention to what we were able to accomplish at the CWID exercises. An entity, that wanted to know a Real-time range back-haul capability of the Hotzone technology, never before demonstrated."
Yes, it did seem just a little bit too coincidental that the 30 km range achieved horizontally in the PR corrolated with the vertical range needed for a stratellite. Plus the whole PR seemed out of context with previously released JV information, as though a second agenda was indeed being served.
Vern if the financials come out and the 750K went to salaries and expenses there will be shareholders lawsuits, therefore I do not think that will happen, it would be stupid. Those guys are not stupid.
Your assumption that because those other bills were not paid then the JV could not have been financed proves why you would not be a good CEO. The JV is the TOP PRIORITY of all the items you listed. That should be the ONLY one of those to get money if at all possible, given a financially strapped state of affairs.
That 68 number should go back into whatever the place it is that you pulled it out of. Anyway, existing subscription numbers are never the justification for an initial buildout anyway. Another reason you would make a terrible CEO.
JF...that is the simplest and therefore most logical (a la ocksam) explanation I have seen for the shorting phenomenon, or at least a significant portion of it. Wish I knew how to check the potential for naked shares that could result from the activity that you describe against the reported reg sho numbers.
As far as the 'hows and wherefores', I can imagine the MM's legally shorting the shares themselves to cover the buy transactions that they are making. Then as you say they plan to cover later on the down side. Sometimes they get into trouble, hence the reg sho numbers.
I'm not adept at understanding all this so if there is some correcting to do, fire away.
yes, while some may make arguments for or against Globetel based on unverifiable information from Globetel, those who post that they have sources they can't talk about yet these sources are purported to have made statements that appear calibrated (read fabricated) to affect whatever topic happens to be being discussed at any given time, are not credible by the very same standard that the poster would apply to attack (or support) the Globetel information. What's good for the goose is good for the gander.
We need verifiable information from any source, be it positive, negative or from the company itself.
Everything you say about revenues, profits, holding power for the share price, and the lack of that kind of thing to date I agree with.
However, it is sounding like a different brand of information since the new guys.
I don't believe in fluff either. I don't ever want to see the bs that went down in the past repeated. I'm glad when fluff pr's don't inflate the price. But I also am pleased with the content of those informational pr's. They aren't meant to fool people, they are meant to provide additional information that is germain to the company's goal of making money.
That goal has not been achieved. I would not recommend this as an investment to anyone until that happens, but being stuck here, I do like what I have been able to read lately.