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Nerd, what happened to the theory that GTEM.Pk was being privately funded?
Well there is one group who might have known even more...the fine folks @ Infinity....but hey...I can't prove it....not yet anyway.
Nerd...no worries mate....you've done the serious DD and you'll be rewarded for your hard work. I'm sure when the K-Minnows have finished...your sow's ear will be a silk purse.
BTW...some would call Sanswire's rent deliquency the work of "a deadbeat tenant"...I prefer to merely think of them as Squatters.
Funny indeed...if they sold when Jayson was releasing those articles...well let's just say...many wouldn't be here today and certainly wouldn't be so defensive of Huff n' Puff or perhaps of their poor judgment.
ps.....Based upon the 8K...I believe it's gonna be worse than many here believe (in terms of the SEC). Let's see didn't Huff sign off on these financials and pump on more than one occasion the expanding revenues....oh boy..this is gonna be good!!!
"what they're telling us is much less important than what they're not telling us"
Same as it ever was
"Tell me where you think GTEM is getting the money"
What money would that be?
Am I to infer from your remarks that you think they have received a capital infusion since the last dilutive move?
We know this much:
They don't like to pay their bills
We don't know this:
Is there anybody left @ GTEM.PK ? The K-Minnows aren't in Florida. Perhaps a skeleton admin staff ?
Good ideas with good people running the show find capital.
"I guess, I am stupid"
Not stupid Mide...but perhaps unwilling to accept that GTEM.PK is a goner.
Consider this Mide....if anyone....and I mean anyone of financial weight believed the hype - the PPS was be significantly higher or the assets would have been purchased.
She's a dog with fleas and going straight to the bottom. Even the latest pumps can't bounce this turd more than 2 cents.
BOL
Mide - in response to your new management analysis:
Have you ever considered that the K-Minnows aren't exactly "top-notch"?
Caterham isn't KKR, Bain or Blackstone....they are super nobodys in the private equity world.
Because Kostro came up with some coin (and not that much in the big scheme of things)doesn't make him successful in the telecom world.
It takes deep, deep pockets to create a paradigm shift...and they certainly don't have them.
Mide...your ebullient view of the K-Minnows and everything past Globetel is indeed disturbing. Kostro ain't new to this wreck. Post SEC investigation/ Sarbanes Oxley / restatement of financials / delivery of past due financials - Globetel will be a mere grease spot on the financial history books. Not to worry though - all your old pals have been taken care of - accepting delivery of the current assets right before your very eyes.
SAM...I hope they merely enforce Sarbanes-Oxley which of course could bring on the DOJ referral...as for selling bottled sodas @ a Pee Wee game...I have one word of advice to the Little Leaguers...
WATCH YOUR WALLET!!!
Well this is why GTEM.PK is right for you and MSFT (1989) & Dell (1987/88/90) was right for me (when I purchased).
BOL and Happy investing
Well...in that case we'd be reading PRs about upcoming losses and how happy we should be because they're less then previous forecasts...well at least until next April when NMC starts churning out the pesos!!!
Is this a great company or what?
GTEM.PK / Tim Huff and Sarbanes-Oxley Act - oh yes my dear friends...this is gonna be fun!!!
I'd prefer to see Timmy "P.T. Barnum" Huff defend himself against Risk's comments. My money is on Risk. And your stock is valued (pre-reverse split) where Huff , Infinity et al...bought the shell and hatched the monster.
No, not entirely. Most CEOs of reputable public corporations are better trained in the nuiances of finace and corporate communications. But hey...I'm new to this penny stock ball of wax...where anybody can be a millionaire if you just find the right suckers.
Moreover Nerd....Jobs, Gates, Dell and many of their ilk have great instincts and better judgement. I don't hear Bill Gates PR after PR promising things and then not delivering. If you remeber not so long ago...Microsoft would intentionally forecast earnings below what actual earnings would turn out to be. With Huff - we get things like Centerline is trending...will be EBITDA positive by....and then WHAMOO...Centerline is manusk...gonna off it like a hot turd...meanwhile...back in the day...people like yours truly kept asking...why is it - the more revenue Centerline reports...the more they lose?
Gotta be da shoes Nerd. Gotta be da shoes.
This is true Nerd...however..you're missing one little detail - they are successful. Huff ...well...that's another story.
Just trying to duplicate the "WOW" factor of the Sky Dragon....remember that? That's when GTEM.PK put the entire globes' military communities on notice about what the future will look like.
Trade...ever notice how some people don't like to reap what they sow?
It goes sooooo much deeper than Huff. What about the BOD? That's right, the very same people you voted in to protect your interests - never questioned jack, never stepped in to question the BS.
Sir Christopher saw through the BS
Dumas - what a guy - he's lucky Dr. Henry Kissinger doesn't pursue him....
His excellency - what a joke and a rubber stamp
Dorian Klien...one of Dumas pals along for the ride but not interested in the common shareholder
Leigh Coleman - took the money and continues to take the money
What about the Three Muskateers - Dr. Alice Muntz, Michael Castellano and Patrick Heyn? They walked ...wonder why???
etc, etc., etc....and let us not forget about an organization that lent money to it's employees funded by the common shareholders and walked away from the responsibility of collecting on these loans.
And who was on watch??? Why the pride of St. Louis Community College!!! BTW, what were Huff's qualifications to run a public traded corporation??? Did his course work @ the Community College include anything other than Drama???
I never said I stopped beating my wife...lol...only that I'm of the opinion that GTEM.PK has less than 50 paying customers from the state of Hidalgo.
The 10,000 subscriber # is a guesstimate much like GTEM.PKs guesstimate for year one. How I arrived at the guesstimate is by taking 56,000 from NO MAS CABLES impressive website and dividing by time - nothing scientific - much like the company.
Perhaps you, Serius or Mide...someone of stature in the eyes of Bleckman can get the "raw data". Ya never know....perhaps they've already signed up 56,000 and are shouting at ULI to speed the plow!!!
No hard evidence Frank. Much like you can't prove Internafta wasn't a scam to defraud investors.
Commercial banks would be restricted by their current lack of finacials - SEC investigation.
Commercial Paper only via convertible (which dilutes).
Which leaves Private Equity - let's see - gave away Magic Money, Centerline we now are told is a 300 pound pile of manusk - not worth a one way ticket to Kona Land.
So what's left? Factoring the receivables of No Mas Cables with a track record of 60 days?
What assets do they have?
Get real Frank - only by dilution can they raise coin.
Of course I'm an open minded kind of guy...please explain their avenues to private finacing that don't involve dilution. Heck, you just might be the next J.P. Morgan. I'm all ears.
Nerd, do you believe No Mas Cables' projections for year one? 56,000 subscribers??? I'm betting they don't have 50 paying customers at present. JMHO and I challenge anyone on this board to prove me wrong with quantifiable evidence.
Nerd, it's a question. I'm inquiring how the K-Minnows can stay on top of all their global interests....like I said, it's a question...much like asking why would someone invest in a penny stock under investigation by the SEC, delisted from a second rate exchange, no independent BOD, whose only means of raising capital is to dilute the common? That's a question too.
Does any one know how many full time employees GTEM.PK staffs in Hidalgo?
TIA
"Sounds like the demonstration went very well"
All GTEM.PK demos go well...then something happens....then silence...then something new gets demoed and we start all over again!!!!
How do we make money? By the volume of the demos!!!
Risk...based upon NO MAS CABLES' projections - we should be approaching the 10,000th subscriber and $2,000,000 revenue mark - I would think this would be easily scalable based upon all the pent-up demand for broadband access in the city of Pachuca in the state of Hidalgo.
Thoughts?
I agree. I'd prefer to have the updated finacials. I'm sure they'll satisfy all stakeholders.
Email Nerd...but perhaps you could get an update for us on this 6 figure "non-event".
TIA
Actually I did...still waiting for the response.
JustFrank...please indulge us all on how this removes GTEM.PK and it's wholly owned subsidiaries of its' contractural obligations.
TIA
Risk, I guess it would be nice to know the status of Centerline. I wouldn't rule out BK - and if history repeats itself as is often the case with GTEM.PK - shareholders will be the last to know.
The past is the past Risk....unless it's the present:
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.
The assets acquired under the Lexington agreement consist of property, rights, interests and other tangible and intangible assets, including rights to relationships (contractual and non-contractual) with Lexington’s customers and vendors, and certain government authorizations. The tangible assets acquired are considered of negligible value, and, accordingly, the Company allocated the entire purchase price of $125,000 to the intangible assets acquired.
Management anticipates that the associations and opportunities related to the Lexington assets will enable the generation of significant, on-going, profitable sales of telecommunications traffic through numerous customers and vendors.
Lexington Global Net, LLC Georgia
PO Box 326 Woodstock
Georgia USA 30188
Phone : +1 (770) 926 - 3244
Fax : +1 (213) 559 - 8334
Mig, perhaps with your access to insiders you can update us on the Lexington deal.
TIA
Sam / Risk...any word on the payment due Lexington?
TIA
Hotzone...didn't you read the memo? Huff lives everyday in the PPS. Thanks to Timmy, the pride of St. Louis Community College and former MCI hacker of LD - your investment has been wiped out...delisted, with an SEC investigation to boot...etc, etc...hard to believe one man could cause such investor hype & hell in such a short period of time.
Mssr. Huff is indeed very much a part of your daily life in GTEM.PK.
Gosh Nerd...wonder if the Enron shareholders share your same view?
ps....hard to destroy value (GTEM.PK) when there never was any.
"It's really sad to watch investors lose so much"
It is....but who ever said people who pay no attention to financials / fundamentals / regulators, etc., etc, etc.....are investors?
GTEM.PK is not a credible investment....never was...never will be.
You get what you inspect...not what you expect.