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jfburk...I think Sam's post on that is in agreement with you on the shared responsiblity, and I think it was well stated.
That team was dependent upon each other to be proactive and forthright in communications and support for each other. There was a fundamental failure or failures that spread and led to the collapse of that division (among other failures outside of the division, without rambling on and on).
So I agree that it was a shared responsibility that to have reached the point it reached, required the ignoring of responsibilites by every key player involved. If the management team was aware of failures by emplyees they would have worked together to fix it. If one manager was messing up the others should have known and actively worked to fix it. No, everyone involved was too busy to fix it or see to it that it was fixed. It's a total failure by all concerned.
Of course each one will scream why it wasn't his fault, but that's BS.
If this repleven suite is about the test equipment then as soon as he turns it over he looses his own capability to fulfill his remaining commitment to Globetel, which makes this a hardball move.
If that's the case, then Uli must be minimum two months behind on hot zone deliveries, per the agreement in the 8K. Two months, as I recall, is the grace period before he gets the boot, which this suite is.
The 80 plus units that were PR'd May 10 were already shipped before the PR. It looks like Uli shipped them and then everything stopped. Now two months later almost to the day he gets the boot.
It reads to me to state as a fact that they have been forced into bk, which they have not, even if the rest is true.
What better way? One better way would be to NOT manufacture a misleading headline to go with it that reads as follows:
"Globetel Corp, Globetel Wireless, Sanswire Forced Into Involuntary Bankruptcy"
Accepting for a moment that Axel was merely 'passing along information from Joe", then what intent is behind the writing of that hyperbolic headline?
optmist...it goes to a cell phone linked to Ft Lauderdale, specifically Hollywood FL. Don't know if that means anything, but maybe somebody knows enough to connect that with the 'JM' initial?
This has the earmarks of Mr. Sands. We already know the two are connected.
It is absolutely a function of line of site and terrain, I was just noting that by happy coincidence it also happens to be the range needed for a stratellite.
I think that this was a between the lines kind of thing, but not the cause of the distance that was described.
If they are behind on their projected sign up rate for achieving the end of year one numbers, then advances such as this could catch them up in a hurry, IF they are indeed signing people up.
I always felt that the sign-up rate would, by logistical necessity, lag the first half of the year compared with a straight line curve. This means there must be exponential growth over the last half of the year to hit the year one number. This is exactly how that could be accomplished.
If Uli has been steadily making the terminal units and they have been going into storage in advancd of a large deployment, then that is also an important element in how it could all be pulled off.
12.42 miles in one hop. Almost 13 miles. Same as the height of a stratellite. hmmmm.
There must be something sometime that will prove that money is being made. No money yet though, that's true. Obviously, financial statements are of tantamount importance.
I like the update very, very much. Here again is verifiable information that is very specific and very positive. Tantalyzing but not the big money enchilada, yet.
It's been quite a while now, does anyone suppose that there ought to be something to report regarding progress on the big build out in Pachuca? 'don't wish to seem impatient or anything but it did seem as though once they got me to STFU about wanting to see verifiable proof that something was up down there, it has pretty much gone back to snooze time at the old rancharoo.
I did ask a few days ago about that http://www.hotspot.nmc.com.mx/ site that shows up on the screen shot of the wireless log-in page. It sort of disappeared from the web within 24 hours of my asking about it. I was hoping someone would discuss the fact that it was telling us in English that we were trying to log onto a Mexican wireless network. I guess a site could show the language of the nationality of the logger, but I was hoping for a little confirmation on the matter. Too late now, though. All gone. Probably those hippies hacking at the network again.
doctorS...it was last week that AB issued an apology for sending the wrong signal on GTEM (really, not trying to pull your leg). It seems likely that because of that they decided to 'delist'. Not sure, but it seems likely.
nerd...they don't have much to work with these days. Just the stuff popping up because we're in arrears on account of not having a lot of money.
But really new management has done a good job of keeping their head down. Whether it's because of the shorting action that took us down or the SEC investigation remains to be seen, but they have good stuff.
It would be really bleak around here without you. Thanks for being true to your word and steadfast in your convictions. Have a happy.
ok Vern, I'll be the first to admit that I was one who thought that having the big NASA guys on board would put a second stage on this baby and send her into orbit. You said they were BS and they were.
I also know that it is taken as something of a faux pas to invoke the past on this board, but you started it so here goes. While you were right as rain about the NASA guys, don't you hold your much ballyhooed former CEO somewhat responsible for not detecting and correcting this railroading of your pet project straight into the tall weeds? Kind of goes hand in hand with being sweet talked out of his shorts by the Russians, doesn't it?
I see that totally differently:
It seems more like good business style to formalize a joint venture and move forward with it while not allowing yourself to become liable for your partner's past screw ups. Especially if they had nothing to do with you.
Alternately if the partner (Globetel) has an asset, they should not put it at risk by asking for capital from anyone if they don't have to. (not that this is the case)
Peralta would not be waiting for someone to put money in his pocket, he would be keeping someone's else's hand out of it. He has enough risk if Globetel goes under and if it does, he'll have his alternative well planned in advance, I imagine.
I think it's called risk management, as opposed to the Mexican robber baron style.
Fair enough, good luck in the future.
Risk,
"If they pulled everything off and became a 10 buck stock it wouldn't surprise me in the least..."
Was that a pump or is that covering all the bases so that you're never wrong? Don't forget, you'll never be right either when playing both sides like that. I guess I'm guilty of that myself now that I think about it.
Nice to hear that you believe in Globetel's potential, though.
Can't help but observe that this board sometimes seems like a formerly packed side show with a few customers in the front arguing over whether the show's over or not.
'sounds like the next act may be getting ready behind the curtain, or is that the first act moving out?
Somebody needs to sneak back there and draw it open.
What are the opinions regarding this web page.
http://hotspot.nmc.com.mx/
This is the address that shows up on the screen shot of the NMC log in page:
http://www.globetelwireless.com/pachuca/pachuca_sampler.htm
If this was discussed before, I missed it.
Darn, it's so easy to jump to the wrong conclusion. Wrong again.
sono..a valid point, it should somehow be confirmed that the article is actually talking about Globetel's Hotzone and not a generic hot zone system. However, the details described are consistent with the robot thing as well as the kind of system that Hotzone is meant to provide. We don't know for sure, though.
very nice, craigba...this is the kind of third party confirmation that has been frustratingly difficult to come by and delivers a full measure of credibility regarding Globetel statements and activities.
How many companies would like to have been sitting in that trailer instead of Globetel? A substantial number, I'll wager.
Plus the feedback they get from participating in these trials gives them a huge leg up in fine tuning their design and development track.
The viscosity of this story is increasing.
Vern, as far as Huff getting the blame; it goes with the territory. He took the glory and he took the money, so he gets the rest of the load too if there is one. Everybody knows that whether they have been a CEO or not.
They had better be quietly fighting. Because nothing else will do it.
No amount of pumping.
No amount of speculating.
And by the same token, no amount of bashing appears to be able to take them down past the damage done due to the gaping holes that were left for shorts to attack over the years.
Their fate is and always has been in their own hands, and their hands alone.
Consider these ponts:
Posters who talk about inside information can't be trading the stock because if they were, they would be laying out a clear path for the SEC to follow. It simply is not rational to possess inside information and yap about on a message board, whether trading on it (which is illegal) or not.
Furthermore, it is absurd to think that by calling the company, shareholders are going to learn facts affecting the value of the stock that have not already been released to the public. So why waste your time and the time of those you are calling unless you think that by calling and talking to a big shot it makes you look like a VIP, which you're not? You're also not going to get any valuable information.
Additionally, if these posters are acting this way and are also actually trading, then they must feel very confident that it will be absolutely, positively impossible for anyone to ever prove that they had any kind of communication whatsoever with insiders. Why would they feel that confident that nothing can be proved? It is very likely because the truth is that they have absolutely, positively never communicated with anyone in the company in any way, imo.
doctorS..I agree. If and when financials are released that are revised to the poorer, the new ventures by new management could form a new basis for company success going forward. Certainly that is the position that is being taken by the company, as opposed to just rolling over and quitting.
My hope is that they have intentionally delayed the release of financials for as long as possible so as to have time to get something good on record and cap off with a positive what imo has to be a negative set of revisions.
It's the only hope to hold that I can see.
You cited a source as the basis for your speculation. Fair enough. I provided an alternataive speculatory conclusion based on the same source that you cited. I did this in order to illustrate the hollowness of such speculation, whether it is yours or mine.
Now you are complaining because I refuse to provide the information that you need to prove your speculation. I don't believe any of the speculation, that's my point. I don't need more information for that to be true. Your are the one in need of information. Go get it, it's not my job.
So you have additional support for your speculation than the source you cited? Please share.
We were both speculating, as stated. You misinterpret the facts.
All true and no problems with hoping for the best in those regards.
I was just taking exception to when someone presents along the lines of; it walks like a duck and talks like a duck, so it must be a bald eagle in disguise!
Just to show that a different brand of speculation can be applied to the same news; one could say that it is clear that the lions share of military communications requirements have been fully satisfied now that these enormous contracts have been let. Globetel obviously has no part in it whatsoever, after all if they did, we would have heard about it.
Equally valid, equally unsubstantiated. It's all babble as we try to fill voids with something. If we don't have the answers, we try to make them up.
Nerd...geometrically speaking, wouldn't the sending / receiving device that is to take advantage of a reflecting layer need to be some distance below the layer itself? Otherwise if it is at the same altitude, there would be no advantage to be derived from the "skip" that such a layer is able to provide. Actually on that basis the greatest advantage is to be derived from being located at ground level, as with most transmitters and receivers.
Is it sort of reassuring to see that now that all the pr's have stopped and the wild, emotional expectations that they generated have ceased (along with the attendant, emotional rebuttals hurled from the 'other side of the aisle') and also without financials to add variables to the mix, that finally the waters have calmed and the share price appears to hover at a relatively stable value? Isn't that what one would expect from a market given this set of circumstances?
At least the Globetel world makes a little sense now, even if it is being gazed upon from the bottom of the tank.
equbeck, If we have crews of your caliber then it will all go much faster than I would have anticipated. This will bring subscribers on sooner, reduce personnel and financing costs, and lead to faster profits and a stronger company. Let's hope that is exactly what happens.
if you had talking and so forth figured in, then you were likely indoors and not traveling much. Somehow I doubt that we are talking apples to apples here, and as nerd says maybe we should be talking oranges anyway.
Yes, as they used to say on the Sopranos, "It is what it is."
Just discussing the matters at hand. It will all come out in good time. I feel confident these days that things are proceeding in good faith based on the recent developments and informational updates provided by the new management team.
agreed, that's why I thought 1.25 units by a two man crew was probably on the conservative side, as far as not overestimating their productivity. But it's a WAG, no doubt about it. I was trying to get an order of magnitude. It could still be double or half as much, but maybe not 10 times as much. (maybe)
Sounds like you would have been working under ideal circumstances, probably a large facility, not alot of separate locations with travel and set-up for each one. Does that include running the wires also?
Plus this is Mexico. Very hot. Siestas, etc. lol
So based on your understanding of the system, how many of Uli's units would you say could be installed by a two man crew in one day, on average?
Then I guess there is some sort of local hub which the ethernet comes from to power it. Then the power would need to be run to that location if it isn't there already. But you are right, there are assumptions here that are more likely wrong than right.
Now we're getting into the complicated part. NMC is financing this work somehow. It will go as fast as the effort that can be financed. Where is that capital coming from? VPN probably has more than enough, but GTEM owes half, less whatever credit they get for the hardware. So is VPN financing Globetel's portion? What are the terms? Is NMC financing through some other method? What are the terms?
It's all unknown, but affects everything from schedule to cash flow to pps. Nothing to do but wait for the info, imo.
As far as work crews go, (and these are just guesses, I wouldn't even call them my opinion, given how little I know) if you assume they need to run their own electical from some available nearby source and then do the install, testing and alignment. I would guess an average of 1.25 units per day per two man crew. Assuming a five day work week, they need to do 12.5 per day to hit 250 per month. So that would be 10 work crews. Now for a big WAG: that might be a $4,160,000 per year effort for the installation. ($100 per hour including overhead, profit, benefits, etc. times 20 guys working 2,080 hours each per year) For Globetel's part $4,160,000 divided by two and per month is $173,000 per month. Figure $25,000 or so for financing fees, travel, expenses etc (another huge WAG) and my guess is $200,000 per month for Globetel to keep the ball rolling. Again, pure conjecture on my part.
Lots of effort going into disagreeing on technicalities of fundamentals agreed on, namely financials are bad, real bad. Maybe that's the goal? Focus attention on it?
All well and good, no use in ignoring it. But what should happen from here? Try to recover by developing assets they do have such as No Mas JV, Hotzone military applications, and SkySat potential? Takes time. Mean time you can continue to focus on bad financials.
Should they give up and launch into a totally new venture? More risky than the last option, so why do it? Also sure to make bad financials worse.
Should they dissolve the corporation and drop into the dust bin of history? Please not the last one, for then every penny of mine would be lost. You would not wish that upon me, would you?
So, just wondering where you are with all this and where you think would be best to go from here and why.