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"So far, his word has been good"
Yes, he conveniently has no independent directors to answer to...
ps...what was GTEM.PK trading for the day he assumed office?
Keep your emails from Khoury. Might come in handy for the class action.
when it comes to recouping my 100's of K's of paper loss in GTEL/GTE/GTEM
Don't rule another class action lawsuit.
It would be interesting to run a trace on ULI's $45,000 monthly payment. Where is that money really going?
Cash coming out of GTEM.PK.
No insider purchases.
PPS going down.
One could think that they're bleeding her dry.
"Lets put things in a perspective"
Things ain't lookin' so good. JMHO
Risk, you sugarcoat things. We may indeed find out what many of us have always suspected. GTEM.PK is in fact, an empty shell created for one simple reason...to enrich the few by defrauding the general investing public. Stay tuned.
Ever consider Nerd that experts in the field consider GTEM.PKs airship to be "bush league", not cutting edge, not paradigm shifting and not the wave of the future that Mssr. Huff proclaimed it to be???
"the SkySat may well have some meaning after it has been redesigned and tested. The advantage it has over an aerostat is that it can be anywhere over land or sea without concern about sabotage"
Where will the money come from to redesign & test this paradigm shifting, wave of the future blimp?
TIA
"and they still haven't let us know if it makes any money"
Their silence on VozBrazil speaks volume.
Any chance Rubikon Partners will bring some cash to the table?
And maybe the SEC will give us a Gold Star and hail us as a role model for corporate transparency, veracity & high moral fiber.
Then again....
Good question Vern...I have another....is it true that you don't have funding to get past the point of a tethered test?
I suppose an investor of GTEM.PK can be an ostrich and keep their head buried in the sand....or perhaps they can realize the gravity of past financial reporting irregularaties. Either way the stock is now selling for a penny and a half pre - reverse split. Where is the shareholder revolt?
Oh right...new company now...new focus...cash flow in 11 months from Hidalgo and best of all as Mide reminds us....the past is the past...doesn't matter...non-event.
Since we know the K-Minnows have us living tight to the bone....where's the scratch to launch the Strat?
TIA
Your logic is flawed....Huff "was totally immersed in and "hand on" with the project. OK so Huff is more gullible than you? How is it then possible that the "Nasa Guys" pulled the wool over the paradigm shifting Huff? Only you detected their "in it only for the paycheck" M.O.?
An even greater flaw in your logic: "If the Russian Internafta deal was a deliberate fraud on the part of Huff, why did he pull the plug on the deal?" Why did he pull the plug? Because their was no deal! No Money! Because it was a fraud!!!
When are they going to update / revise the Globetel.net website?
Globetel Partners is now a total crock.
The Globetel store is an unsupported domain...hint hint...delete these links.
Careers....oh yes...Three reasons why GlobeTel is a great place to work:
1. A very energetic, friendly and collegial work atmosphere
2. An excellent benefits program
3. Many professional growth opportunities
Current Job Postings
There are no job postings at this time.
Collegial...they got that part right - of or characterized by the collective responsibility shared by each of a group of colleagues, with minimal supervision from above.
Nerd, I don't agree with Wingshot's anlysis, however I do agree that the common is screwed in a BK scenario. Where is the equity? Quantifiable equity...not goodwill, their assets are nil as per design.
"It would be nice if there weren't such mystery surrounding the particulars"
We call this the Globetel way...sell the sizzle, not the steak.
I wonder how many pages the Pachuca Business plan is?
No I don't Mide. Moreover, Khoury isn't Caterham that's Kostro's piece of junk. And why would he need to use a trading vehicle like Caterham? The OGM theory I suppose. Even Huff's alleged trading vehicle - Infinity Capital Partners has been quiet.
Perhaps you know more than me. But it's clear....insiders aren't willing to risk their own money (which you paid them via greater dilution). All in all...not a very impressive ROE.
Nerd, for that matter...with all the paradigm shifting, wave of the future technology - and the Hidalgo deal (promised to deliver profits in 11 months) - how come some legit telecom isn't all over GTEM.PK like Hair on a Gorilla?
TIA
Nerd, since you're convinced GTEM.PK is squeaky clean (the corporate structure) how come the K- Minnows aren't loading the boat with open market purchases?
TIA
And this assumes:
#1 They have revenue
#2 They don't load the JV up with expense payments to all those unfamiliar shell companies that seem to always pop-up
Translation No Mas Cables (if successful) will never benefit the common shareholders of GTEM.PK
Risk....do you know what became of Leigh Coleman after he cash in his stock and disappeared?
Now that's an interesting spin on this that I had not considered.
I could also see how some might think it's all part of an "unholy alliance" to divert what little cash remains. Of course nothing more than mere speculation. GTEM.PK has always acted solely in the interests of shareholders. Never have given the appearance of enriching a few via treasury stock sales or non-recourse loans.
Trade - In your Humble Opinion: How can such a financial weak going concern justify a $45,000 per month consulting fee? I didn't realize that ULI was both a technological phenom as well as a master promoter ( avery rare combo indeed).
TIA
"Uli is in a position to really know if this were eminent or not and still proceeded to sign this arrangement"
Why the hell wouldn't he? What risk does he share? Only sucks away $45,000 per month.
I'm all ears as to who would be gathering shares in GTEM.PK.
We certainly can rule out insiders.
Nerd...au contraire...net proceeds have always been the problem @ GTEM.PK. Well of course other than expenses which merely consist of the enrichment of a few with no regard to the common shareholder. Did I fail to mention travel? But hey, you know this and voted to keep the fox in the hen house.
Nerd, perhaps you could cite some specific examples...names / companies where this practice is common.
TIA
"Uli's Agreement - $45,000 A MONTH as a base consulting fee"
Good work, when you can find it.
It's not a weekend issue. It's not a coincidence. Globetel has been extremely consistent in one thing. Enriching a few at the expense of many. The SEC will soon drive the final nail in the coffin and the total meltdown will be complete. Let's just hope that true justice is served.
Relax Serious...GTEM.PK said Mexican Hotzone will be bringing home the bacon in a years time. Nothing to worry about. I mean has GTEM.PK ever failed to deliver on anything before? My recommendation is that you buy all you can.
Centerline Reaches Profitability, Trending Toward Target $350K Per Month Net Profit
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--May 11, 2006--GlobeTel Communications Corp. (AMEX:GTE) announced that its Centerline Communications LLC subsidiary has reached profitability as of May 10. Given the second quarter performance and its trending, this places Centerline on a pace to exceed its $350,000 per month net profit by the end of June.
Timothy Huff, Chief Executive Officer of GlobeTel, stated, "Centerline has continued its transition from its low margin off-net traffic to its state of the art VoIP direct route network, which it continues to grow. This traffic has significantly increased margins of approximately 7%. Centerline not only provides bottom line profit to GlobeTel but also provides a low cost telecom component to our other business units. We have stated our short-term goals in the April 10 press release and remain confident we will reach these goals. Centerline's profitability is the first stepping stone in a long line of accomplishments that the company is striving for in the second and third quarters."
Say it ain't so.
At least Khoury didn't mention offing the paradigm shifting - AnywhereCaller Plan or VozBrazil.
That would be instant death due to the tremendous cash flows they must be producing.
"I hope for us Globetel longs that have been able to buy at these low prices"
Unfortunately management doesn't share your exuberance for open market purchases of GTEM.PK.
Gotta go way back to August 2005 when Timmy took down what was it... a whopping 4,000 shares? Not to worry, the shareholders paid for that too.
Anyone ever conisder the possiblity that the independent directors resigned because the K-Minnows wouldn't off Damaged Goods Timmy?
Possibly, but more likely...they're as skeptical as moi!
Good work Risk...please note Gotham's address. I'd call it arm's length...wouldn't you? lol
Gotham Financial Services
9050 Pines Blvd. Suite 255
Pembroke Pines, FL 33024