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Maybe Sir Christopher Mayer and our 42% owners of sanswire europe will help us acheiveing that goal but you got a good point with bios and energy. Energy is going to rock for next few years.
dd_xprt i agree but i think that is why GTE is staring in Columbia, Germany, Japan and rest of the world first. They won't have to deal with as much or very little red tape. In Europe and Asia revs could be bigger then in U.S. China's and India population is 3 billion. 1/2 of the population on earth. China's sheer size of land and lack of wired infrastructure is a perfect candidate for this type of technology. First and foremost it is cheaper to do wireless then to run millions of miles of copper. U.S is industrialized country and it still can't service all U.S with cellular nor broadband service. Also Columbia is ready for it NOW because they will monitor drug cartel movements. Japan is very densely populated and could use it.
On the side note of long term prospect. Look at stem cells. All this is in long term future yet all their stock are above $4.00 firmly holding
steve123. Another thing. Most people on this board focuses on the STRATELLITE
Most people invested in GTE are for the strat the paradigm shift in technology. Yes core is a base and support of company's survival at the moment when other business models are being developed and implemented. If you say otherwise they you are not being truthfull. If some people want VoIp so much why don't you buy IPO of Vonage or skype.
However, GTE succeeded to increase sales every quarter this year and this has nothing to do with the STRAT.
Even without the STRAT, GTE is becoming a profitable company.
Yes that is true and i agree but i want to see GTE sticking to the business plan and timeline mentioned.
You can increase sales all you want but if cost of executing those sales are higher then company eventually will go bankrupt. It's net profit, bottom line that matters to street and margins in 15-40% are embraced by street not 3-5%. Now strat will have those margins and so will magic money but not carrier traffic. Sorry.
That is great news however i want to see profitability. Revenue increase with 3-5% margins will not get us profitable unless other business kicks in with higher margins. Remember strat development cost money so do any expension including L.A carrier traffic facility. It is great news but don't loose your heads over this news. I like it but i stil need to see Strat up by the end of the this year like aleged Huff's email to mailman said. I'm glad other issue were adressed in that PR as well.
Ken w that is great site. Thanks for posting it.
I myself would love to see everyone including myself be a happy camper as well. I hope you are right on what you wrote and that is why I am still holding in huge pain but I am.
I’m extremely happy that new COB is of this high caliber. That does not for me however change the fact that I feel mislead about timelines and higher exchange move and will probably never forget that which might be a good thing. I might not be sour about it in few years but will not forget it.
As far as your quote: "Everything is always impossible before it works. That is what entrepreneurs are all about--doing what people have told them is impossible"
I would use it to get myself up due to PPS. That's all. I'm not sure how did you imagine me spinning it into something negative towards GTE. Like I said in the past I don't bash GTE but say what's on my mind and I am a realist. Some people might like that but I won't change that for anyone. This country celebrates individualism and democracy and I thought this board is not communistic (towards one idea only pumping GTE) but democratic.
Hope you have a good day and good sales of your pianos.
Dude relax. It has nothing to with Stratelite or GTE. It's not your quote either. I was being polite and i asked.
What happend to our previous chairman Przemyslaw Kostro ?
I am happy that we have our current chairman to be of such a high profile. (at least it looks that way on paper) but it would have been polite to mention what has happened to previous chairman. It' relavant and important in my opinion.
I mean GTE changes chairman's as fast as socks. Hilton, Kostro.
What is the official job description of chairman ?
Also alminde good point. He has been quite as a mouse.
" BUT when you mention Rick Searfoss I remember how pleased I was when he was announced - but where is he??? I never heard him speak one single word!??
not only i want to see but i want it to fly yeastrday.
Starboy. I hope you dont mind but i will take your quote and use it.
bors you know this how ? if you don't mind me asking.
"There is a propulsion system in place, an improvement over the Kestral unit, have not been able to find out the make, ZSW feels their WORKING prototypes are still better yet..." bors~
Thanks for comparing my post to RB. I raise valid concerns and offer my explanation behind it. I don't bash or pump stock without a reason. Some people here just pump. I just post my realistic opinion..at least I think so. On RB I would not say that is the case but point taken and I hope you are right by year end THE DEMONSTRATOR will be flown. After all my money is bet on it. Still no one answered how does GTE plans to test flight The Demonstrator in stratospheric winds without propulsion system. They might have one but from PR does not seem like it. Anybody knows otherwise please enlighten me.
gregmaster I agree with you about issuing PRs for PPS is no good. So they should have said ship would up by 2008 or so instead of missing 3 time frames.
As a matter of fact Sanswire 1 WAS NEVER INTENDED to be flown. It was intended for tethered structural integrity test and to gathering data.
My gut feeling is based on recent PRs that no propulsion system they have as of yet hence the hire of the ZSW firm to develop one. How is the flight going take place to stratosphere by the end of 2005 without propulsion system?
Please if I am such a wiener then please someone enlighten me. I'm being serious.
I don't sell low and buy high so I can't sell now. I hate what is happening with PPS and the fact the ship is not up yet. I am b1tching because I feel mislead by management tell me 3 times of dates of flight. This upcoming one will be 4th. Yes I do understand it takes time but then don't tell me to ship will be up 3 times. Say hey ship will be up by 2008. OK. I am tired of fluff news of acquiring this and that. GTE should concentrate all its energy on getting this ship up in the air by year end, which is soon. I still didn't get any response from anyone about propulsion. Obviously no one knows which is what I addressed. As far as up day its shorts covering that is all. I'm frustrated and it shows as you have notice.
Also as far as that email from Huff. Yes he can do something about Price per share. He can stick to business plan, publicly announced dates and concentrate on getting ship up.
PPS will follow that. Obviously due to missed dates PPS followed that as well in other direction. So him saying he can't do anything about is bull. As I said. You can't get the ship soon say by 2008 and surprise us if earlier. I have loses because I invested based on his statement which were misleading to say it lightly. I will be bitter until PPS gets me above water.
Turbodog MUCH APPRICATE YOU POSTING IT. EOM.
pitbull74 my replay to your ?
"...what has changed with the company since this current concerning action with the stock? I have not seen any bad news eh rock anyone? therefore I believe that investors in this company's success potential with current and future business will be even more attracted now...thoughts
IMO and I could be completely wrong and I hope I am wrong for the sake of my still long holding position.
I believe based on this press release http://www.investorshub.com/boards/read_msg.asp?message_id=7627256
to me it looks like GTE does not have propulsion system to get the ship in the stratosphere at this moment.
That is why we have not seen any propulsion at San Bernardino and that is why I believe they are hiring these people to help them in getting that propulsion developed.
ZSW and Sanswire are both research and development company.
My problem is why in the he11 is CEO and President of Globetel telling us launch of Sanswire 2 will be by end of 2005 and commercial launch of Sanswire 3 by 2006. They either must have system already developed or they are simply laying about it. I hope it's the first one but then I do not understand why would they hire this company. If it is the second one then that is a statement that intends on defrauding investors and you bet your butt I will be suing if that is the case. No disclaimer can give any company security if their intend is to defraud someone especially after Enron fiasco.
Please someone tell me why we are hiring that firm to develop propulsion system if lunch is few months away. Someone has posted an email from ZSW representative
stating in near future as far as propulsion so how is that going to help by end of 2005 ?
I HOPE I AM WRONG ON THIS ONE !!! YOUR THOUGHT ON THIS PEOPLE??????
gatherinfo thanks. All posters on this board, on yahoo, raging bull should send an email to investor relations department of GTE asking following question.
How did move to AMEX benefit shareholders with cited statement of Huff stating in PR that move to AMEX would. I wonder what kind of response we would get if they would receive email from 33,000 shareholders. Power of numbers is never underestimated yet most of you here just post and HOPE for something to happen. Do you hope at work that some work will get done?
gatherinfo thank you Sir. That makes two shareholders that are proactive.
One of the first lessons I learned in investing, because it has been stated over and over on many bb's I frequent is that investments made on any promises or time lines or business plans of pink sheet and OTCB stocks are seriously SPECULATIVE plays that should be made with great forethought and caution, noting that it is always possible you will lose every dime you invest. Simply stated you can't trust these pink/OTCB stocks.
AS I SAID I MAINLY USE CEO SHAREHOLDERS LETTTERS AND PR's.
REMEMBER ENRON ? AND AS FAR AS SPECULATIVE THEN YOU JUST DESCRIBED ANY STOCK..LOL. IF THAT IS THE CASE YOU NEED TO STOP INVESTING IN STOCKS SINCE ALL ARE RISKY. BY THE WAY GLOBETEL WAS NEVER A PINK SHEET. THERE IS A HUGE DIFFERANCE BETWEEN OTCBB AND PK STOCKS. YOU SHOULD DD ON WHAT THE DIFFERANCE IS. BY THE WAY ALL LOSSES HAVE OCCURED ON HIGHER EXCHANGE CALLED AMEX NOT OTCBB. I HAD VERY NICE GAINS ON OTCBB.
However, all the longs who have stuck it out most likely are doing so because they believe that GTE will be the exception, and provide a 'dreamy' bonus when all is said and done. And most likely they didn't have the skills or time to trade in and out on the trends and movements of the stock over time.
I HAVE THE SAME OPINION ON IT BUT I THOUGHT WE WERE ON AMEX NOT OTCBB !!!
Well the next chapter of this GTE story has not been told yet, and you have no control as an individual investor to make changes of any consequence in the story's progression.
It's just the way it is SEABASS, yet you continue to burden us with your losses when most or ours are exactly the same, (dollar numbers aside because again it was your choice to put up your investment amount depending on how much you projected to win on your 'bet') to date.
YES IT WAS MY CHOICE BASED ON INFORMATION AND TIMELINES(WHICH WERE BROKEN) BY THE CEO.
But the fat lady has not yet sung, or, even been given the chance to sing.
IT BETTER STARTS SINGING SOON CAUSE THERE WON'T BE ANYBODY TO HEAR HER SOON OR IF THERE WILL BE SOMEONE IT WON'T BELIEVE SINCE IT CRYIED WOLF TOO MANY TIMES !!!!
Wonder what you would be saying when the whole thing worked out in the most positive way imaginable?
I WOULD SAY GOOD JOB MR.HUFF ON EXECUTING YOUR BUSINESS PLAN.
Or would you rather have all the BS go unchecked?[/i}
What is BS about my post here ?
http://www.investorshub.com/boards/read_msg.asp?message_id=7637262
As i said here:
http://www.investorshub.com/boards/read_msg.asp?message_id=7636993
You are changing the subject here. I am not sure what's your agenda but my is to make money. Why do you fail to address the other side of the issue ? You seem to have ties to the company's mangment. Do you mind me asking how did you obtain those insights ? Are you an insider of the company that you can not attend ? Why haven't we seen you at unvailing or shareholder meetings ? You never can attend. What's the deal ?
Rocky please stop trying to change the subject and sway away from real issue here as I addressed. Trying to catch me on technicality is not going to prove I do not have a valid point here.
I like you as a person SEABASS, but your behavioral type of bitching about an investment you chose to make of your own volition, is really tiresome, along with the SCREAMING.
about an investment you chose to make
Starboy i have chosen to make an investment based on business plan, information and time lines provided by CEO and mangment of this company NOT based on hopes. "Some hope one day we will live on the moon" That is a an information on which i would NOT invest on. I would however as i did invest on reliable information provided by CEO and company. Don't compare apples to oranges. I have no agenda to make enemies her but only to make money and so far i lost a lot of money due to mangment fauilre to meet publically annouced time lines.
Oh by the way. I hope you are awere of this as well:
"The management of the company is supposed to increase the value of the firm for shareholders. If this doesn't happen, the shareholders can vote to have the management removed--well, this is the theory anyway. In reality, individual investors like you and I don't own enough shares to have a material influence on the company. It's really the big boys like large institutional investors and billionaire entrepreneurs who make the decisions"
http://www.investopedia.com/university/stocks/stocks1.asp
We are getting off the subject here but this is what i consider selling shares to public:
"Public Offering
The sale of equity shares or other financial instruments by an organization to the public in order to raise funds for business expansion and investment. Public offerings of corporate securities in the U.S. must be registered with and approved by the SEC and are normally conducted by an investment underwriter.
Generally, any sale of securities to more than 35 people is deemed to be a public offering, and thus requires the filing of registration statements with the appropriate regulatory authorities. The offering price is predetermined and established by the issuing company and the investment bankers handling the transaction. The term public offering is equally applicable to a company's initial public offering, as well as subsequent offerings."
http://www.investopedia.com/terms/p/publicoffering.asp
ALSO I FIND THIS VERY APPLICABLE
"The management of the company is supposed to increase the value of the firm for shareholders. If this doesn't happen, the shareholders can vote to have the management removed--well, this is the theory anyway. In reality, individual investors like you and I don't own enough shares to have a material influence on the company. It's really the big boys like large institutional investors and billionaire entrepreneurs who make the decisions"
http://www.investopedia.com/university/stocks/stocks1.asp
I answered it here:
http://www.investorshub.com/boards/read_msg.asp?message_id=7637262
I don't understand why YOU ROCKY REFUSE TO address other side of the issue. I am a realist and look at the whole picture not just one side. I am long but not a happy long.
It's common knowledge that issuing shares to raise capital in publicly held company is general practice.
It is a fact based on past press releases that time lines of stratellite launch have been missed. You know it and rest of you can do a research here on this board to verify this info.
As I stated in my previous post. Why would intelligent bright management announce unachievable dates time and time again misleading investors into investing in near future based on announced dates instead of announcing forcible future as launch time frame if they don’t know when strat will be completed. That is why I am incurring loses because of management failure to meet publicly announced time frames. Not once but few times. You people are part-owners of this company. Act like once. All this is my opinion. You have your own. I am entitled to express in this country.
What bogus info ? GTE issued 3 timelines they missed which is a fact. Also is a fact that shares are sold to raise capital. What's bogus about it ? You are entitled to your opinion so am I. Why didn't GTE said strat will be completed in forcible future or like 2010, instead they issue time line after time line which is causing people to invest capital NOW and therefore causing them losses because management failure to meet them BOGUS TIME LINES. ONLY THING BOGUS HERE ARE THOSE TIMELINES !!! AND THAT'S A FACT NOT AN OPINION. Check your PR from past. I hope current time line of end of the year is kept so it won't become ANOTHER BOGUS TIME LINE and my losses become even bigger.
Many repects Rocky
Testsite1 me myself I have a problem with GTE missing timelines few times already. Of course after each missed time line we were given a new one. I hope current time line of end of 2005, Start 3 2006 and 300 strats of 2007 will be meet.
My problem is as you stated: "Huff already admitted to his mistakes. I don't believe TIM will be giving anymore timelines from here on out." and my take on it is that management has mislead us with time lines that they have publicly released 2 or 3 times already. That has cost me a lot of money and that is what I am not happy with. If management would have stated that strat would be ready by 2007 or 2008 or 2010 that would SEAT VERY WELL WITH ME but they kept issuing more and more time lines in order to raise money from selling shares to public.
Intentionally or not they are accountable for it. If intentionally misleading investors then that’s fraud if not then they are still accountable for public statements therefore its current PPS. It’s too late to say sorry. Timelines have been mentioned 3 times already and new time line are still announced. It’s time for management to stick to what they say. You can miss one time line but not 3. So hopefully they won’t miss a 4th one.
Also keep voting on A/S increases and we will see more dilution taken place but some people here cheer that which I am not sure why. Also i also have a problem with Huff stating R/S will be good for shareholders. Hmmm....how was that good for us. Look at the chart since then. As to me selling my shares it’s not an option right now due to my heavy losses. I can’t avr. down cause I have no more money to put in this company. I capped out due to GTE announcing unachievable time line. I still believe in this technology and company but have problem and I feel I have been mislead very much by management. It’s time to get this strat in the air by end of 2005 and keep to the announced schedules or all you shareholders will be occurring losses. Keep the pressure up people. Less pressure=no work done. Time is money. Just my opinion even though not so popular here however most of you longs know I am right.
starboy I as shareholder AM HOLDING CEO -Tim Huff and President
Leigh Colman to their statements in shareholder’s letters, PRs, etc etc. More specifically Sanswire 2 lunched by end of 2005. Sanswire 3 lunched by 2006 and 300 strats produced by 2007. PERIOD. I'm tired of waiting and watch the PPS sink to pennies because of company’s failure to meet stated time line in the past. I bought into stock based on specified timelines company under CEO have publicly released. GTE has broken those time line few times already. My patience is running thin as an investor. You know what happens when you have misled people. That is all I have to say on this issue. I have no idea why so many of you are just laid back on this issue and have no idea why YOU shareholders as part-owners of the company don't put any pressure on the management. No pressure no hurry. Time is money as you all know. Your responsibility as shareholder/investor is to get return on the capital out of the stock not loose on investment. So far losses of many of you have been significant and yet none of you are outraged. I am. Put some pressure folks or suffer more. All in my opinion to which i am entitled to.
pit can you provide the link. I couldn't find short intrest on their site. thanks.
Serious1 thanks that makes a lot of sense as well. We shall see. It would actually make sense to be headquartered in LA because their biggest facility is there and also all the flight test are going to be carried out there. No reason to be in Florida with all the hurricanes. Time will show but I would think you might be onto something here. If that is the case then it would be a lot more calming for me to know that is the case. All these BOD and employees leaving makes me only worried.
We won't know since as of now he is not an employee so there won't be any fillings. I wish glow beatle would have asked him that on the phone.
The most importand question that should have been asked based on this filling if he was going to hold those shares or sell them as soon as he will get them. That would shead some light on the issue. It seems like he was let go because his services are no longer needed. With expansion of LA switch i doubt that he will not be needed unless GTE will have other resouces from somewhere else. And the only thing i can think of is merger or buyout. That is only my opinion. If so i would hope buy out would occur well over $3.00 or i will be pissed.
http://www.sec.gov/Archives/edgar/data/919742/000114420405027723/v025045_ex99-1.txt
pitbull74. Yes Sir. No argument here.
serious1 thanks. EOM.
"speaking of agendas, what's yours SEBASS...? to make a quick buck...?
YES SIR. That is my agenda as an individual investor. I hope that is everyone's agenda here to have return on captial you have given to the company. That is the agenda of banks, funds, shareholders and everyone else out there in business world. I hope that is your agenda as well.
Good luck to you bro.
squ1dk1d i was not talking to you directly so sorry about that. I was directly speaking to everyone here that was voting YES to authorize AS increase. People (i call them sheeple)need to learn that they can't be lemmings and do as they are told or listen to people that govern this board with an agenda.
Thanks for interpretation. As i said on this board many times over and over but no one listened and everybody was upbeat about voting on Authorized Shares increase. I told you people to vote NO on this proposal but you did differntly and now we will be dealing with dilution and bigger float. Reverse split, dilution, increase of AS and OS. Great job managment. Now get this ship in the air already before we hit 1.5 Billion AS and sub-pennies. I'm bleeding trought my eyes on this POS people.
serious1 who is Kimble ? Never heard that name before !
Also really good post establishing possibilities.
Bottom line is this good or bad for PPS and shareholders ?
I don't get this financing mamobojomo
"Although the r/s isn't why we're down here. It's the excuse going around Makes no difference"
Please tell me in your opinion why then ?
For the company, it helped them fix their share structure and get on a exchange that won’t be completely wiped out when the bear market resumes.
I thought based on the chart that we are in major bear market right now. Look at the chart. This stock is being shorted to the ground. The way this stock is performing we are going to hit pennies next year. Stock performance is a reflection of management’s performance. I have no option but to hold right now and i do believe in strat success but it makes me sick to the stomach what has happened to PPS after R/S and management promises of shareholders benefiting from R/S and higher exchange.
http://stockcharts.com/def/servlet/SC.web?c=GTE,uu[w,a]daclyyay[dc][pd20,2!b50!f][vc60][iut!Uc20!Ua1...
Low of some time ago was $2.90 where high was $5.50 (post split) so don't tell me that $2.90 was high cause at the time it was not. My problem is with management telling investors that R/S is going to benefit company and investors. Obviously that is not the case. I will never ever ever again hold any stock no matter what if R/S is implemented. Back some time ago they said no R/S needed then they say there will be one and it will benefit shareholders. Where is that benefit yo ? I'm waiting patiently for that benefit bleeding trough my eyes !!!
$1.56/15RS=$0.104 pre-split. Reverse Split (RS) has done very well for all GTE investors. So much for the speech to investors that moving to higher exchange (AMEX) will benefit the company AND INVESTORS. Well done management. We are back in basement level with significant loses. Thank you management of Globetel. You guys have served us very well.
fivecents looks like they took it off-line since our site folder is no longer there either
http://www.nltus.com/sites/