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I think the Sanswire Tao Deal... has the same End as the "Trimax" Deal!
We have seen no activities since December!
Sanswire-Tao Deal was never closed!
Globetel.net down again?
We can only hope!
"GTEM is clean" why is the SEC Investigation not over? Why is the Company not current on Financial Filings?
8 Trading Days in April... Globetel running out of Time! Another "Delay" PR on April 30th?
This can cance very fast if we have current Filings!
Now is the 19th April and we have no current Financials! I think we see end of April another Delay Pr right?
Spab closed on 0.37 cent! This Company is Done!
Yes look at www.Handelsregister.de
click on "normale suche"
Registergericht "stuttgart"
Firma oder Schlagwörter: Tao
"suchen"
you see:
Stuttgart HRB 22935
TAO Trans-Atmospheric Operations GmbH
Here in Germany is no Sanswire-Tao GmbH listed!
The Tao GmbH has nothing to do with Globetel!
"After the 16th of April. Auditors are busy"
confirmed from IR?
"and I guess we do not have Sanswire anymore" It is correct!
Sanswire did no longer exist! They moved to Germany... but the Sanswire-Tao GmbH never completed!
No Sanswire here in Germany!
Looks not very good! Someone knows something! Bid at 0,06 now!
Mide, i asked a simple Question! You had last Year a Lunch with Mr. Leinwand!
It is very hard... you said to me GTEM did only exist and Trade! And GTEM entertain Investors? With fantastic PRs?
THEY ENTERTAIN?
They are Wait for the SEC revoke?
What did Globetel every Day? Is here a Product or Service from GTEM on the Market? Is here any little business?
What did Globetel every Day?
Did this POS company have any identifiable revenue last month? Or the month before? What does this company do?
13 Trading Days in April... i hope the Financials come out.
Thanks Q-reus...
Question to the Board! Why is here every Day a Volume on the AMEX Place?
Look here!
http://aktien.wallstreet-online.de/dyn/6531.html?market_id=11&m=1.1.1.1&inst_id=6531&spid=ws&tr=3m
If this Link doesn´t Work... look at
www.wallstreet-online.de
put in GTEM and click on "GO"
You see the Marketplaces... you can now click on the Marketplaces and you see the Details!
I can´t explain that... this is a "Real" Volume... every Day! Since April!
Globetel Internetsites working again in Germany!
Sites down here in Germany!
Globetel and Sanswiresites down?
"FINANCIALS THIS WEEK" You said this for Months now...
This is a next Year, next Month, next Week, Tomorrow scam Company!
You see on 30th April another Delay... nothing more!
131 days and still counting
COMPANIES MOVE CLOSER TO COMPLETION OF AGREEMENT TO FORM SANSWIRE-TAO
FT. LAUDERDALE, Fla. and STUTTGART, Germany, Nov. 27 /PRNewswire/ --
GlobeTel Communications Corp. (Pink Sheets: GTEM) and TAO Technologies GmbH
today announced that, pursuant to their previously announced agreement in
principle, TAO has agreed to convey to GlobeTel, within 10 days, certain
licenses and sales rights to its lighter-than-air, remotely operated
airships for a combination of cash and GlobeTel shares. The second phase of
the transaction, which will include the formation of Sanswire-TAO GmbH as
previously contemplated, is expected to occur within ninety days.
Globetel has lost the Race long ago! There is no longer Hope for this Company! They did nothing! Every Deadline failed!
And the Strat? This Company has no longer any Airshiptechnology!
They given up the Sanswirehangar in the US... all the People are gone!
The Sanswire-Tao GmbH in Germany never completed!
The current TAO GmbH has nothing to do with Globetel...
Said Mr. Bleckman Weeks ago to you the takedown of the Investor Relations Page is temporaly? Nothing has Chanced since them...
"When they become current" 30th April another delay?
Time for the SEC! Revoke these "Jokeshares"
126 days and still counting
COMPANIES MOVE CLOSER TO COMPLETION OF AGREEMENT TO FORM SANSWIRE-TAO
FT. LAUDERDALE, Fla. and STUTTGART, Germany, Nov. 27 /PRNewswire/ --
GlobeTel Communications Corp. (Pink Sheets: GTEM) and TAO Technologies GmbH
today announced that, pursuant to their previously announced agreement in
principle, TAO has agreed to convey to GlobeTel, within 10 days, certain
licenses and sales rights to its lighter-than-air, remotely operated
airships for a combination of cash and GlobeTel shares. The second phase of
the transaction, which will include the formation of Sanswire-TAO GmbH as
previously contemplated, is expected to occur within ninety days.
Why no Financials? Is this the Truth? ...
By: coastieretired
31 Mar 2008, 09:45 PM EDT
Msg. 239190 of 239193
Jump to msg. #
Is the SEC waiting to pounce or is Globetel just too broke to file?
Is Globetel afraid to release financials and give the SEC more hardcopy evidence? Recall that the SEC filed its first barrage of charges shortly after Globetel released their second take on years 2004 & 2005. (Restated 2004 financials filed on November 2nd and the charges came out against Monterosso and Vargas on November 26th.) Such hardcopy evidence could show the differences between Globetel's official storyline and what the SEC feels is the truth:
Globetel Storyline
"the restatements involve, among other matters, revenue recognition issues related to reporting gross revenue versus net as per EITF Issue 99-19. In making these restatements, we have performed an internal analysis of our accounting policies, practices, procedures and disclosures for the affected periods. . .we recorded our wholesale telecommunications revenues as Gross Revenue. . .The Company should have recorded only the net revenue from certain transaction from its wholesale telecommunications subsidiary (Centerline)."
The SEC Version
"the company and its wholly-owned subsidiaries generated revenue of $119 million that was nonexistent. This so-called "off-net" revenue accounted for approximately 80 percent of the revenue GlobeTel reported between the third quarter of 2004 and the second quarter of 2006 - four out of every five dollars that the company reported. . .In reality, there were no transactions."
Or, do they just lack the required funds to file?
Some of the folks still haven't been paid for helping Globetel get out their restated 2004 and 2005 financials:
Broward County Case Number: CACE07036484 - Filed 12/27/2008
Plaintiff http://www.tsfpress.com/
Broward County Case Number: CACE07021188 - Filed 08/27/2007
Plaintiff http://www.bdpb.com/
The arbitrators have even chimed in by suing for damages.
Broward County Case Number: COSO08002179 - Filed 03/11/2008 DAMAGES < $5000 - $15000
Plaintiff http://www.adr.org/
They can't even pay to ship the Strat to Germany:
Broward County Case Number: CACE08004447 - Filed 01/31/2008
Plaintiff http://www.answers.com/topic/egl-inc?cat=biz-fin
And it looks like the credit cards they were surviving on have been revoked:
Broward County Case Number: CACE08013239 - Filed 03/26/2008
Plaintiff http://corp.americanexpress.com/gcs/travel/us/
Broward County Case Number: CACE07023584 - Filed 09/18/2007
Plaintiff http://www.wachovia.com/corp_inst/0,,,00.html
Does Globetel have ANY revenues to help pay to file? Where will those funds come from? Here's a review of the status of Globetel's divisions:
Globetel's "Super Hub" network that was "strategically located around the world" does not exist. Globetel no longer owns or controls any VOIP switches. The equipment from the two "U.S. point of presence" locations that connected each "International Superhub" was seized and auctioned off. The "IP backbone" of the Superhub no longer exists.
Centerline Division
(see above) Globetel has wound down all Centerline operations. Charges of fraud have come about through the operations of this division.
StrateVoIP
Basically a Centerline offshoot where ethnic packages of VoIP were offered and are no longer active. At least one of these packages went to a private company owned by Huff.
Wireless Division
Globetel shut down all wireless projects except the No Mas project in Mexico. You can debate the success of this project, but it appears that expectations were not met. The creator and former owner of the HotZone technology has an active lawsuit against Globetel claiming he never received payment for the HotZone technology. (Miami-Dade case 2008-9021-CA-01)
Magic Money
Sold to a private company for a cut of future transactions. Claims against those revenues are part of various contract indebtedness lawsuits against the company.
Sanswire
Evicted and most, if not all, engineers have left. What progress they made was shipped off to a private company in Germany to create a new partnership with TAO which never came about. Sanswire bought the rights to sell a product from TAO which has been marketed since the 90's resulting in no sales.
Compare that with these "forward looking statements;"
http://www.globetel.net/about/letter033106.html
If Globetel has no current revenue, they will require outside funding and further share dilution. Let's see what other issues that might have a say on what any outside funding will go towards:
Here's some current judgments that the company has to pay:
RODRIGUEZ,KINZBRUNNER CONIGLIO & WATSON PA $76,595.69 with 11% interest
PROACTIVE SOLUTIONS INC $1,480.00 with 11% interest
DELMA PEMBROKE IV LLC $206,730.56
WELLS FARGO FINANCIAL LEASING INC $109,640.05
CITY OF LA $161,761.32
(Class Action not added because of insurance coverage.)
That's over $550K and compounding interest daily that they already owe to date with many other lawsuits pending that include the debt on some corporate credit cards they have been surviving on and have now been revoked. And then there's this tidbit from Globetel in Khoury's separation agreement, "However, when the Company has received financing the Company shall also allocate 10% of the first round of funding and 15% of each further round of such financing to provide immediate lump sum payments to Khoury."
125 days and still counting
COMPANIES MOVE CLOSER TO COMPLETION OF AGREEMENT TO FORM SANSWIRE-TAO
FT. LAUDERDALE, Fla. and STUTTGART, Germany, Nov. 27 /PRNewswire/ --
GlobeTel Communications Corp. (Pink Sheets: GTEM) and TAO Technologies GmbH
today announced that, pursuant to their previously announced agreement in
principle, TAO has agreed to convey to GlobeTel, within 10 days, certain
licenses and sales rights to its lighter-than-air, remotely operated
airships for a combination of cash and GlobeTel shares. The second phase of
the transaction, which will include the formation of Sanswire-TAO GmbH as
previously contemplated, is expected to occur within ninety days.
HOW MANY WORTH IS A GLOBETEL DEADLINE?
TODAY we will knows it!
Where is the Sanswire-Tao GmbH?
"Work ended when Sanswire's parent company experienced financial difficulties"
Has the Company any respect for the Shareholders? Last Year the show us a fantastic Mexico Internetsite... now? Nothing!
If the Company has any respect for the Shareholders they "hold" the "Deadlines"
Last Deadline broken "Sanswire-Tao GmbH"
Next Deadline? Financials by March 31th? I think it is nothing more as another "broken" Deadline!
The Filing on 31th? We all see!
How many worth is a Deadline from Globetel?
Serious and JFburk... very right... but with all respect for the Investors and the Company...
Sanswire give up the Hangar in the USA, all the People at Sanswire gone....
Sanswire is no longer in the USA!
They moved to Germany very right! The new Sanswire Tao GmbH is not complete!
There is no renamed Tao GmbH calls "Sanswire-Tao GmbH"
FOR NOW Sanswire is no longer existend!
JFburk? Ask Mr. Bleckman where is the Sanswire Tao GmbH?
123 days and still counting
COMPANIES MOVE CLOSER TO COMPLETION OF AGREEMENT TO FORM SANSWIRE-TAO
FT. LAUDERDALE, Fla. and STUTTGART, Germany, Nov. 27 /PRNewswire/ --
GlobeTel Communications Corp. (Pink Sheets: GTEM) and TAO Technologies GmbH
today announced that, pursuant to their previously announced agreement in
principle, TAO has agreed to convey to GlobeTel, within 10 days, certain
licenses and sales rights to its lighter-than-air, remotely operated
airships for a combination of cash and GlobeTel shares. The second phase of
the transaction, which will include the formation of Sanswire-TAO GmbH as
previously contemplated, is expected to occur within ninety days.
122 days and still counting
COMPANIES MOVE CLOSER TO COMPLETION OF AGREEMENT TO FORM SANSWIRE-TAO
FT. LAUDERDALE, Fla. and STUTTGART, Germany, Nov. 27 /PRNewswire/ --
GlobeTel Communications Corp. (Pink Sheets: GTEM) and TAO Technologies GmbH
today announced that, pursuant to their previously announced agreement in
principle, TAO has agreed to convey to GlobeTel, within 10 days, certain
licenses and sales rights to its lighter-than-air, remotely operated
airships for a combination of cash and GlobeTel shares. The second phase of
the transaction, which will include the formation of Sanswire-TAO GmbH as
previously contemplated, is expected to occur within ninety days.
For the Talk about "Sanswire"... Sanswire is no longer in the USA... they moved to Germany!
Sanswire-Tao GmbH
The Deadline for it Failed!
We have no Sanswire-Tao GmbH!
The current Tao GmbH has nothing to do with Globetel!
Sanswire does no longer Exist!
No Sanswire!
How many Worth is a Deatline from Globetel?
"The Company expects to be able to file audited financial statements on Form 10-K for 2006 and 2007 by March 31, 2008"
121 days and still counting
COMPANIES MOVE CLOSER TO COMPLETION OF AGREEMENT TO FORM SANSWIRE-TAO
FT. LAUDERDALE, Fla. and STUTTGART, Germany, Nov. 27 /PRNewswire/ --
GlobeTel Communications Corp. (Pink Sheets: GTEM) and TAO Technologies GmbH
today announced that, pursuant to their previously announced agreement in
principle, TAO has agreed to convey to GlobeTel, within 10 days, certain
licenses and sales rights to its lighter-than-air, remotely operated
airships for a combination of cash and GlobeTel shares. The second phase of
the transaction, which will include the formation of Sanswire-TAO GmbH as
previously contemplated, is expected to occur within ninety days.
It is Skylark and not Skysat! And nothing about Globetel in this PR!
Monday? I think GTEM is no longer Trading, the next Tradingday!