Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
My advice, don't invest now, wait and see if the financials really come through once the network is developed and on-line. There will be lots and lots of time to get on board once the system is proven to be a profit center.
Looks like there is one heck of a lot more to Pachucaville than mud huts and chicken wire! And to think that there is housing development happening all through the Mexico City / Pachuca corridor. They need phones. They need broadband. They need No Mas Cables de Mexico.
If that wasn't enough for you, check this. Ooooh yeaahh.
See Pachuca, the bedroom community of Mexico City, as it has never been seen before. Va va voom! ole!
nerd...that would be the plane that we don't know about.
(do we know how long the skysat is or are you implying that there is something else going up)
air drop deployment from a cargo plane at 40,000 feet.
This is an entirely new event. Unprecedented.
Somebody likes something somewhere.
Just want to add to the good things that are being said about the new management team.
A vital element in what I have noticed about them is the capacity to use creative, lateral thinking to address problems when, not if, they arise.
The old group was run in a linear fashion in this sense. If Tim Huff set a deadline on the strat, PR'd it, and Bob Jones missed it, he would set a new deadline, PR it, and wait to see if Bob Jones missed it again, which he did every time. This follows along the lines of a popular definition of insanity which says that if you do the same thing over and over while expecting a different result, you're not sane. To be fair, there is a place for this kind of approach when the process is known to work, but the execution is flawed, however this doesn't work when blazing new trails.
With this group, if there's a problem say with Uli, they figured out and executed a way to get what is needed while changing the overall dynamic such that a repeat of the bad can't happen. Similar with the Strat, if the goals aren't achievable they needed to find something intermediate that meets a need people have and organize around that. Lastly, if it just doesn't make any sense, they deep six it. Those are the kinds of creative management skills and hard nosed business decisions that I think are begining to separate these guys from the pack.
This excerpt from an article about something else entirely happens to mention Pachuca and desribes it as bedroom community of Mexico City. Also "Mexico's MIT" is in Pachuca. Just thought that was interesting:
While in Mexico, Carey will not just be hunkered down amid fusty tomes in the archives (which happens to be housed in an old 1800s prison). “As I have in the past, I’ll give various talks to advance English students at Autonomous University of Hidalgo (UAH),” she says. She also intends to speak to students in the upper school of the American School in Pachuca, Hidalgo, a “bedroom community of Mexico City,” and to high school students at Tecnologico de Monterrey, Mexico’s MIT, at the campus in Pachuca.
It was something that seemed like it should be so easy to do that when it didn't happen I started to get more and more suspicious. Now they've done it and I'm much more comfortable with everything.
Sure, especially if another investor did the same thing and served to corroborate the evidence. Any good lawyer could run with that.
What if people take screen shots of the web sites? Is that not a matter of public record?
By the way, this is independently verifiable information in the respect that anyone who goes to Pachuca can find these neighborhoods and see if there is equipment where this says there is. Very encouraging.
The hardware isn't where the money is anyway. Did you see all the little houses? That's where the money is.
All right!!!! That's what I'm talking about. Proof of the network and a screen shot of the log on page.
I am pleased to discover that statements I have made that expressed doubt about the existence of the operational network are wholly incorrect and I thank the new management for addressing this issue convincingly.
We have the real thing in Pachuca and VPN is our for real partner in this very exciting joint venture. Glad I'm still in there, even if it wasn't entirely by choice and good faith.
I can handle the speed bumps, so long as the vehicle is sound.
GLTA
My itinerary had me scheduled for points north, Denver among them. Believe me, I did try to finagle it, but a jaunt out of Country was not feasible. Sorry to disappoint you or anyone else who would have appreciated it.
Laugh as you will; no need to apologize. The web site devoted to the JV states that there is now a commercially operating network in Pachuca and that there has been for three months. That is a result that comes from this management team. Prove it for the shareholders. The 85 other units are not up and running, and I don't expect them to be.
The conservative numbers are for subscribership and do not relate to the issue as I see it. Right now I would be totally satisfied to see evidence of one paying subscriber, per the web site statement.
That is all I ask, or rather that is what I demand. Why is that a problem for them, for you, or for anyone? Until I see it, it does not exist.
This new management has been pulling the strings all along. They are responsible for marching out the circus that has entertained us thus far. It has had all the ear marks of a pump and dump. I have no reason to believe that VPN is not above making that kind of easy money themselves. I regard this as within the realm of possibilities. Not a forgone conclusion and I sincerely hope that this is not true, but you know the saying: fool me once, shame on you....
I know to some this is heresy. However, this not a matter of faith, this is a matter of business, where anything is possible. It is the risk we take; I'm looking for some substantial reassurance.
By the way, I was in New Mexico last week.
Concrete block and metal reinforcement, spray applied foam insulation over the block, chicken wire on clips attached through the foam and into the block, and an acrylic coating of "stucco" (not really stucco) over everything. An RF gauntlet to say the least. Yes nerd, they do have windows, thank heaven.
That's the modern version mind you, that and the older iterations of the stucco tradition are undoubtedly lurking everywhere throughout Pachuca.
Anybody have any proof of a commercial network there yet? What's it been, three months since it supposedly went live? Should be easy to prove. Nothing? Hmm. Somebody call Uli. Oh, Lynch said he's out.
picking up on the web you have weaved (or should it be untangled) and for lack of status on the build out in Pachuca...
Yes, VPN would yank the plug in a heartbeat. Now that Uli has delivered his 85 units and they are supposedly being installed (and supported), is he taking advantage of an opportunity for slacking off on production as a power play to thwart Raytheon's progress with Globetel vis a vis CWID trials and renegotiate his deal(s) with Globetel?
If so Globetel needs to be ready with their alternate and give it to Trimax broadside (without rattling VPN's teacup). It would be nice if Raytheon were Globetel's alternate, but that is pure fantasy.
Kissing and making up would be the best route, but if not...
Warp, that clears it up. thanks.
nerd, so do you think Globetel could yank their licenses and quickly get a suitable alternate supplier to pick up and deliver Hotzones if Uli can't get his operations together?
ok nerd, I think I see what you are saying now. If the worth of the company as calculated by accountants is what you are saying that the share price doesn't accurately reflect, then I totally agree.
Perhaps we were talking while using two definitions of worth. I didn't think anyone expected share price to accurately equate with the worth of a company as determined by accounting practices. If it did, the market would be a different reality from the one that it is.
Nice post Mide, stimulating, thoughtful reading that appears to be illuminated by your background and experience in business.
Thanks for sharing it.
hmmm... Mr. Bleckman made reference to a past that is something less than equal to the sterling mantle that some on this board assign to all things Globetel.
How come nobody is correcting him and pointing out the error of his perceptions based on the reports of posters on this board and others?
Values change due to a wide variety of factors (including corruption, quality of management, profits, etc.) The first to perceive those changes are the ones who appear to give the market direction based on their willingnes to take risk based on their willingness to predict the (future) value.
If you wish to say the market is wrong because it can't at any one time be at every price that a stock may have during the course of it's lifetime, then I guess your right in an abstract sort of way.
But to say that it is now at the wrong price requires some assumptions on your part. I imagine that you are acting on those assumptions.
nerd...surprised to see you go there. Thin ice I think you know. The market is the market and therefore sets the price. That is what it's worth.
The only basis for argument is upon financials as compared to similar companies' valuations in the market. But we don't got that, so how can you begin to question whether the market is right, and if so, which side of 'right' we might be on?
yeah.. this whole game should be called 'Twist and Shout'. Everyone's myopic version of the so-called 'facts' are a befuddled attempt to fill the voids left by this heretofore poorly run company.
I do honestly hope that it all comes back in my face in spades, but that is the only version of "fool" that I am any longer willing to play.
But my question was what is Glow's source, so naturally I thought that you were trying to answer my question.
I did not ask about Rocky's sources, which I did check as you are so fond of recommending, and all he cites is sources "such as" VPN, Grupo, and other outside sources. However that is not a source, merely a characterization of the type of source that he uses. Does not reference a specific fact with a specific source.
So, really there is no independently verifiable source for progress on No Mas Cables whatsoever, is there?
Once again you require the kind of blind faith in this company that I have run completely out of. Sorry!
So are you saying that Glow's source is Rocky?
would it be too unseemly to request the source of your information?
all bogus as far as can be determined.
I find it annoying that they continue to release photos of Sans I with their press releases while keeping it on the web sites when it is virtually defunct and has never represented anything other than failure.
To see it pictured with a press release about purported military trials is like IBM showing a photo of an old 'Big Blue' box with a press release about their latest venture.
Not real swift when you think about it. Of course it does look impressive to the uninitiated.
...and now a new and exciting no mas cables web site. How about some independent proof that any such a network even exists at all in Pachuca? Until I see it, I do not believe it.
I believe the flaw, or should I say risk, in your reasoning is to assume that new management is substantially different than old management. They have presented a style that appears intended to contrast with the previous management style, but frankly that could be all style and no substance.
I do not see substantial follow up with the respect to proving the Pachuca network exists. Just more words and intentions from Globetel. They may be different, but then again they may not. Do you feel lucky? I don't.
Nerd...that is interesting, and a win win from the government side. You also express a reasonable level of uncertaintly with regard to Globetel's ability to execute, even if the product is a good one.
This the kind of guarded and sober thinking that I, and other posters on this board who have indicated as much, agree is appropriate in this situation.
For many companies, getting this far in a process would indicate earnesty and good prospects for success. However, for a small minority of companies, getting this far would mean nothing of the kind. Based on Globetel's past record of success, I would say the chances are better that Globetel falls into the latter category than the former.
It's true; nothing ever comes from a source that is outside the GTEM controlled information chain.
As far as the Navy testing is concerned, I do find it to be positive on the face of it, but at the same time, based on my experience with this company, I can easily imagine that they went through the trouble of applying and setting the whole thing up, but when the day comes, they just don't show up. The Navy would say thanks anyway and that would be that.
GTEM built and operates a commercial network in Pachuca. How do I know? GTEM told me so. It must be operating flawlessly or they would have told me all about that also. They must have plenty of subscribers because they are projecting 250,000 and they can't get there from here without having plenty already. They have this great partner in Mexico, but they never say anything except if Globetel says they said something, which is always something nice.
Everything is perfect except those idiots on Wall Street keep getting the buys and sells backwards.
m2ugly2fish...There is also a type of metal lath that is widely used in residential construction that is similar to chicken wire. It is used in combination with metal perimeter and joint moldings. The expanded sheet metal is used when different physical properties are needed, as in large panel areas, schools, and institutional buildings.
The electromagnetic behavior of an array of wire mesh panels, chicken wire or otherwise, as exists in a densely populated area is virtually impossible to predict. Remember that in addition to shielding through the conduction of RF energy to ground, the wire mesh that is not fully grounded is itself reradiating energy. This results in complex multi path patterns and local nodes of positive and negative interference. While examples of no interference can be found, that does not mean it never happens.
If you think that the wire has no affect, try telling one of your local broadcasters that you intend to wrap one of their transmitters in chicken wire to keep the birds off it.
The metal lath used in traditional stucco construction is expanded sheet metal, not chicken wire. Stucco, being a cementitious material (not mud) is heavy and needs a much more substantial substrate than is chicken wire. This is common construction used throughout the southwest, on into Mexico and throughout Latin America, to be sure. It also finds its way north, but not to the extent used further south.
The 'stucco' many modern buildings are made of is not stucco at all, but rather an acrylic coating mixed with sand that looks like stucco, is much lighter, and is laminated onto a substrate of rigid insulation and fiberglass fabric. It is commonly known as Dryvit. This would not have any of the electomagnetic properties of metal lath. The article simply stated that the metal substrate used for stucco limited the performance of the wireless system. There is no reason to doubt that this is true.
All the confusion could easily be laid to rest with a substantial update on the commercial performance of and the number of subscribers to the network in Pachuca.