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Yes Investor Relations is gone... and all the PRs offline...
"we may soon find out that NMC was in fact the Internafta of 2007"
It is so.... its a major disaster for this Company and the Shareholders! And the End!
2 Weeks in 2008 and no Financials? No updates? Where is the progress? Whad did Globetel? Whats up in Mexico?
A Day closer tho the finally SEC event? It looks the END is near! -revoke- Shares worthless soon?
With Arctus on the Start... no response from the Market... i cant unterstand this!
Trading at 0.156 Cent very poor!
What think you... is this good News for the Company?
"Take their time, do their best, and do things right"
From August 2006 to 1/2008 this Time the Shareholders sitting complete in the Dark!
No Financials or solid Infos! Its a very very long Time!
"and do things right"
they did it with the Fluff Sanswire 2 Pr in Dezember 2006
they did it with the Trimax Deal "Failed"
they did it with the Mexico Deal the Company said there is a pre paid Network since April 11th.... no one knows what they doing...! Failed? NO NEWS BAD NEWS!
What did Globetel? Flying 800 meters over Stuttgart around?
Where is the Stratellite? Who is manufacturing our Hotzoneboxes?
THEY NEED INVESTORS MONEY? WHY DON´T GIVE THEY SOLID INFORMATION?
WHERE IS THE CLOSED SANSWIRE DEAL? CASH AND SHARES IN 10 DAYS SAID GLOBETEL! WHERE IS THE 8k?
You are very right with this! "and do things right"
WEEK 2 2008: What did Globetel? No ONE KNOWS!
NO FINANCIALS, NO INFOS ABOUT ALL THE DARK PROJEKTS FROM THIS COMPANY!
A DAY CLOSER TO THE FINALY SEC EVENT?
YES!
WEEK 1 2008: What did Globetel? NO ONE KNOWS!
NO WORD FROM MANAGEMENT ABOUT MEXICO, FINANCIALS, SANSWIRE 2 AND THE "OTHER MANUFACTURERS" OUR HOTZONEBOXES
= BAD NEWS
A DAY CLOSER TO THE FINALY SEC EVENT?
"Strat news this week plus company becomes current"
Today is the last Day Miguellara!
You are right with this? Maybee but the Chance is very very little!
Why you are misleading Investors?
I think there no more Strat News! They have not enough Money, Sanswire 2 is a Failure!
And another "Testflight" with the "Years ago" tested Lotte is not very great!
And... PRs FROM THE SAS 51 IS NO STRAT NEWS!
STRAT NEWS IS NEWS FROM THE SANSWIRE 2!
There NO Financials out!!
Very good! Trimax move forward! Very "intelligent" Step from Khoury to terminate the agreement with Trimax!
These Photos has nothing to do with Globetel!
All what Globetel had is a nice Hotzone Internetsite... nothing more!
"GlobeTel Communications Announces Changes to No Mas Cables Joint Venture"
- Over the upcoming weeks, the Company intends to work with the new NMC management to restructure activities such as installations, technical support, and marketing activities. The Company will continue to provide its proprietary HotZone(TM) wireless equipment to NMC, per original covenants in the agreement.
Very Interesting to hear the Results from this!
THE UPCOMING WEEKS ARE OVER!
"Sanswire's SAS-51 Airship Demonstrates Surveillance Capabilities"
- we will continue to demonstrate our capabilities through additional platforms at higher altitudes designed for significant payload lifting operations.
Where is the Sanswire 2?
Maybee you are right! But you must agree with me... they have all the Time in the World for that!
What did they in 2007?
We have now 2008... the last Financials come August 2006 out!
7 months away and we have 2 Years without Financials!
Financials out this Month? What do you think?
"All financial filings should be done by the end of Sept. 2007"
The biggest Joke!
The Problem is... without any Service and Income... without Customers and Products...
What would they writting in they "current" Filings?
From Oct. 19 Over the upcoming weeks, the Company intends to work with the new NMC management to restructure activities such as installations, technical support, and marketing activities. The Company will continue to provide its proprietary HotZone(TM) wireless equipment to NMC, per original covenants in the agreement.
Would be very Interesting to Hear the Results!
THE UPCOMING WEEKS ARE OVER!
On the Way back... funny!
With the best Wishes from the SEC
"The staff is also considering recommending that the SEC authorize and institute proceedings to revoke the registration of Company's securities pursuant to Section 12(j) of the Exchange Act"
Shareholders from GTEM in Danger!
Every Day can be the Day "X"
The SEC say "ohps our Shares are worthless now"
The End of an Ugly Story
By Seth Jayson October 12, 2007
This has been a long time coming. Too long, in my opinion.
GlobeTel Communications (OTC BB: GTEM.PK) has finally gotten its Wells Notice from the Securities and Exchange Commission. That means that SEC staff members intend to recommend that the SEC "bring a civil action against the Company for possible violations of the securities laws."
The stakes? Pretty high. According to the company's filing, the SEC is looking at possibly revoking the registration of the company's securities, in addition to "seeking as relief a permanent injunction, civil penalties, and disgorgement with prejudgment interest."
That news cut the company's share price in half today, but don't shed any tears for GlobeTel holders. This company was already delisted from the AMEX, and it's lost nearly all its value since the bad old days of weekly Russian WiMAX press releases and months worth of hype about a non-functional, ultra-high-altitude WiMAX blimp project that never really got off the ground. (For an interesting, non-Fool summary as of February, 2007, check out Kelly Cramer's article.)
What took so long?
I've been writing about this company for a long time. In the beginning, things just looked suspicious. Its technological claims were amazing. If true, it would have meant that a tiny Florida microcap with nearly no R&D budget would outmaneuver the likes of Cisco (Nasdaq: CSCO), Nokia (NYSE: NOK), Vodafone (NYSE: VOD), Verizon (NYSE: VZ), Vimpelcom (NYSE: VIP), and AT&T (NYSE: T).
More digging turned up some shady deals. Soon, management's hilarious, defensive, semi-literate responses to my opinions (and the great work of Chris Byron up at the New York Post, who was all over this story before I was) convinced me I was right. Months' worth of failed dreams bore my judgment out.
Plans failed. The company burned more money. It needed cash infusions. It issued more shares and more ludicrous PR.
The entire time, GlobeTel was the epicenter of a cavalcade of histrionics, including short-lived "celebrity" directors, an eventual exodus from the management suite, and finally, some amusing public infighting. I began to get phone calls from former GlobeTel bigwigs and their reps, each promising to give me the inside dirt. Recently, ex-insiders seem to be accelerating their efforts to kneecap their former colleagues before the lawsuits rain down.
Nothing changes in pennyland
Throughout it all, nothing ever really got cleaned up. GlobeTel continues to issue meaningless press releases. It holds onto its lost-cause cult of deluded but boisterous (scroll down to "Web of Intrigue") shareholders. And a guy with a long history in seedy penny stocks, ex-corporate counsel Jonathan Leinwand, is the current CEO.
Foolish final thought
So now it seems that the SEC will finally try to shut this operation down. That's good news, though I think permanently barring the guys who made this happen from working with any public companies would be even better. But I wouldn't count on it. The SEC tends to take a light touch even with the most egregious stock operators, and the he-says-he-says finger-pointing likely to result from any investigation might make it impossible for the SEC to apportion blame appropriately.
Investors, however, can judge the whole lot guilty enough to avoid. That's why I think they'd do well to keep a Google alert on the entire GlobeTel crew -- names like Paul Taboada, Tim Huff, Peter Khoury, Przemyslaw Kostro, Joe Monterosso, Steven King, Mitch Siegel, Randolph J. Dumas, Jerrold Hinton, Michael Molen, and Lawrence Lynch. Not to mention anyone else who ever held an executive or board position at this outfit, just to keep tabs.
I have a strong suspicion that some of these folks will resurface in the future, with big stories and outstretched palms. Investors beware.
The Shareholders from this Company must be ready for
- revoke the registration of Company's securities
or
- Chapter 11
What did Globetel against these Problems?
Put out Fluff PRs? Or flying 800 meters over Stuttgard around?
They play Monopoly with Investors Money!
This Company is Done! The SEC says and Globetel says itself indirect!
From the last 10k: Globetel said:
Wireless Network in Mexico:
"At this time, the Company cannot determine whether or not this venture will be successful in its current form"
IN OTHER WORDS A FAILURE!
Sanswire projekt:
"We are aware of other companies that are also developing high altitude platforms similar in nature to our Stratellite project. Our competitors, though, may have more resources available to develop their respective products. Furthermore, since the Sky Sat and Stratellite project are currently in the development stage, there can be no assurance that the project will successfully complete the development stage and result in a commercially viable product. Even if a properly functioning, commercially viable product is established there can be no assurance that revenues will be achieved from the sales of Stratellites or Sky Sats or that the costs to produce such revenues will not exceed the revenues or that the project will otherwise be profitable. There can be no assurance that we will be able to successfully achieve the results we anticipate with this project.
IN OTHER WORDS A FAILURE!
ITEM 3. LEGAL PROCEEDINGS
The staff is also considering recommending that the SEC authorize and institute proceedings to revoke the registration of Company's securities pursuant to Section 12(j) of the Exchange Act.
SOUNDS... THE COMPANY IS DONE!
You say the same last Week! Your Week is over Mig.
Second... this Company has no Strat! All what they do is Flying 800 Meters over Stuttgard around with an old Airship... sorry!
I think when we all see the current Filings... we are shocked!
No Income, no Customers nothing....
You will see the Company is Bankruppt!
"company becomes current"
This must be a terrible Event!
The Signs are very clear... the Company did nothing!
They put out so many Pr...
Where is the "Beef"?
We have now 2008 and we are still a "non reporting Pink Sheet Company"
What did they in 2007?
The signs very clear... the Sec shut this Company down!
This Company did not enough! Problems so many...
Where the "Numbers"?
GlobeTel Receives Wells Notice; Provides Additional Information
FORT LAUDERDALE, Fla., Oct. 12 /PRNewswire-FirstCall/ -- GlobeTel Communications Corp. (Pink Sheets: GTEM) today announced that the Company received a "Wells Notice" from the U.S. Securities and Exchange Commission (SEC). The Wells Notice stems from a previously disclosed SEC investigation of certain activities having taken place within the Company. The notice was directed solely to the Company and not to any current members of management.
EMAILS FROM MR. KHOURY AND MR. BLECKMAN:
You must see... no one Word about the Sanswire 2... now they show us Lotte and Fly 800 Meters over Stuttgart around!
What for a Goal have they? Where are the "Customers"?
XXXXXX
Many thanks for your email.
The Sanswire 2 testing is on schedule.
We look forward to sharing its successful flight in the near future.
Kind regards
Peter Khoury
Chief Executive Officer
Globetel Communications Corp
101 NE 3rd Ave., Suite 1500 Fort Lauderdale, FL 33301USA
US Tel:
+1 954 332-3759
US Cell:
+1 954-663-4237
UK Mobile :
+44 7768 982 983
Email:
pkhoury@globetel.net
We are not publicizing SkySat. The design is confidential for now.
We do foresee a free flight test in 07, according to the latest from
Sanswire management.
Sincerely,
Rob Bleckman
Director, Investor Relations
GlobeTel Communications Corp.
(954) 607-1295
Answer from Mr. Bleckman about the Wells Notice:
EMAIL:
Any Steps forward with this problem?
Globetel Wells Notice
"The staff is also considering recommending that the SEC authorize and
institute proceedings to revoke the registration of Company's
securities pursuant to Section 12(j) of the Exchange Act."
ANSWER:
We will make all information regarding our SEC-related matters available to
our shareholders when appropriate.
Sincerely,
Rob Bleckman
Director, Investor Relations
GlobeTel Communications Corp.
(954) 607-1295
IN OTHER WORDS "OH SORRY OUR SHARES NOW COMPLETE WORTHLESS NOW"
Watch the Video and you see Sanswire is a FAILURE!
http://www.exn.ca/video/?video=exn20050425-blimp.asx
Sanswire 1 did never Fly... Whats up with this? Where is it?
Sanswire 2 did never Fly... Status unknown
Now they Fly with the old Lotte 800 Meters high over Stuttgard around!
No Facination... anymore...! What did they?
What did they since the last Testflight on December 13th?
Where is the Sanswire 2?
46 Prs from Globetel in 2007 and the Shareholders complete in the Dark!
No one knows the Status about the Financials, Mexico Joint Venture, Sanswire-Tao Deal
...
Globetel Wireless is a very nice Internetsite...
WHERE ARE THE MANUFACTURERS? OH YES "THE OTHERS"
46 Prs... and no one knows whats going on!
There is one very Informative PR:
GlobeTel Receives Wells Notice; Provides Additional Information
FORT LAUDERDALE, Fla., Oct. 12 /PRNewswire-FirstCall/ -- GlobeTel Communications Corp. (Pink Sheets: GTEM) today announced that the Company received a "Wells Notice" from the U.S. Securities and Exchange Commission (SEC). The Wells Notice stems from a previously disclosed SEC investigation of certain activities having taken place within the Company. The notice was directed solely to the Company and not to any current members of management.
The Company is working diligently to restate its 2004 and 2005 financial statements, bring all its filings up-to-date and continue with its previously announced initiatives.
Communicate, Interact & Transact - Globally
?
Globetel?
GLOBALLY? I can´t see any service from this Company around the World...
Time for a new Name!
Globetel... a very very big Name for a small Company without a real Business!
WEEK 1 2008: What did Globetel? NO ONE KNOWS!
NO WORD FROM MANAGEMENT ABOUT MEXICO, FINANCIALS, SANSWIRE 2 AND THE "OTHER MANUFACTURERS" OUR HOTZONEBOXES
= BAD NEWS
A DAY CLOSER TO THE FINALY SEC EVENT?
Hmm 14,3% Chance of sucess... very little
14,3% or Chapter 11?
SpaceX
RpK
Spacedev
Andrews
SPACEHAB
Loral
Planetspace
100/7
How many Companys are in the Play? (COTS)
In the last Weeks in December i have see at (ADVFN) more Sells as Buys!
The Sanswire News in December... more Sells as Buys!
The Shareprice drops!
On the other Hand you must say that the MOST DAYS ARE MORE SELLS!
Tradinghalt? The SEC? Revoke the registration of the Shares?
A Trading halt would be the best for the Market! If GTEM is current and "CLEAN" the trading can continue...
if not "REVOKE"
The SEC did not do the Job!
Today a "new" Investor buy Shares from this Company... tomorrow maybee the SEC revoke the Shares?
Corrupt!
In other Words the projekt failed right? Globetel has no Money... no one knows what they do!
2008 and no one current Filing! A COMPLETE JOKE!
"today announced that the Sanswire 2A airship has been delivered to the TAO facility in Stuttgart, Germany"
I know this part!
AND? WHAT IS THE STATUS? IN 2 WEEKS IS THIS 3 MONTHS AWAY!
NO ONE WORD SINCE THIS PR ABOUT THE SW2!
WHERE IS SANSWIRE 2? IS THE AIRSHIP A FAILURE!?
WHY TESTED THEY THE OLD LOTTE? THIS AIRSHIP IS SUCESSFULLY TESTED YEARS AGO!!!!!!
WHY TESTED THEY AGAIN? WHY DIDN`T THEY INVEST THE TIME AND MONEY IN SANSWIRE 2?
"Sanswire Delivers the 2A Airship To German Operation for Completion"
Where is Sanswire 2?
marsavian... is the Cots award in 2/08? Its only a Month away...
What is with the latest Cots News? Is the Award delayed?
You say the same at the beginning of 07!
I think the same at the beginning of 07...
Trimax agreement... great Deal... FAILED!
Where are the "OTHER MANUFACTURERS"? NAMES PLEASE!