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.
Oh no, now I'm sorry I asked.
Someone please prove Pachuca clouds exist, are operating flawlessly, are being expanded, and are generating revenue. It should be easy to do.
That would lay all of this to rest overnight.
Axel...it is depressing to think that but for the lack of some technical financial knowledge on the part of the top officers of the company, we would be building out $600,000,000 of wireless with 50% ownership of the sytem. Is this your position?
If true then that is up there with some of the all time greatest business blunders in history. Figures that this would be the one I'm invested in.
Isn't Globetel's position something along the lines of he/they came to understand that the Russians were all talk and no money?
Yes that was an error in the way I phrased it, I should have identified the source as the Russians not the plaintiffs.
The deal was announced in advance of due diligence, the brain functions behind that history, or the lack of them, shall remain forever locked away, I guess.
The last lines to your post seem to contradict what you have just stated. (That you don't know if he did and you don't know why)
I may be dense on this, but what would the alleged shares have been offered in compensation for?
"Huff tried to expain GTE's change of position"...not asking this of you Risk, but what did he say and why do the plaintiffs not say what he said. They probably left it out because it would weaken their position.
They are saying Huff offered shares. That is their word. Honest question: Do we have anything that in any way confirms that this happened, or do we only have their word?
Here is a spanish language news release of the JV:
http://www.cinit.org.mx/noticia.php?idNoticia=166
This is the Babelfish translation with a few good faith edits by me:
GlobeTel Communications Corp. C.V. y VPN de Me'xico S.A. finishes signing an agreement to construct and to operate a radio network of broadband in Mexico based on propietary technology WiFi de GlobeTel. In spite of having the highest percentage of penetration of personal computers in Latin America, the statistics show that Mexico has one of the lowest speeds of access to Internet. The alliance between these companies well-known like "No Ma's Cables de Me'xico, S.A. of C.V.", will help to cover a critical necessity with the inhabitants of Mexico that is to have greater availability of Internet and telephony of broadband. No More Cables of Mexico intends to construct networks to give access to an average of 250.000 users in urban areas during the first three years of operation. VPN of Mexico and GlobeTel Communications think that its alliance will begin to generate income as of the sixth month, creating a positive flow of income when finalizing the first twelve months of operation. This association was created following the successful model of tests of the radio network of broadband in Pachuca, Hidalgo. The construction of the network of Pachuca began in the middle of September of 2006 and it was launched commercially in October of the same year.
In reviewing the JV website faq's (which is working) the commercial launch date is April 11, 2007 (good job Globetel in updating this from before when it said "will be launched April 11...) This is at variance with the content bolded by me, above. That is probably referencing when it went live, in test mode. At least it is a spanish language re-write intended for the Mexican market. I had not seen anything until now.
sinfull...there is no argument on that from here. So far it is little more than a change of style. I do appreciate the information being put out for all to see and in a straight forward manner, but the check's still in the mail, isn't it?
'this management speak is very different than prior speak'
I could not agree more, and it is a great relief in that regard. Skillful (after all you don't want to see them putting themselves in a box) yet profoundly practical:
'We have been simplifying our focus with the intent of exploiting our developed intellectual property in the near term.'
The mid altitude goal seems like a divergence from long term hotzone superhub goals that may be a target of opportunity offered up by that "right partner" you speak of.
That is a strength not a weakness; the essential flexibility that a small corp has in going up against the bigs. At least that's what they say anyway.
from the pr:
"including the pursuit of plans to sell or redeploy parts of its infrastructure and the restructuring of GlobeTel Wireless."
so which parts could be sold and which parts could be redeployed?
I confess to having only an imagined comprehension of the infrastructure; something along the lines of a box full of switches with operating software sitting in a leased space in LA and connected via leased lines that go out into "the network". Also accompanying accounting equipment that cranks out the bills and keeps tabs on the accounts (?). help.
The leased stuff can't be sold or redeployed so that leaves the hardware/software. I don't know if the licenses would be worth anything or if that is even relevant. Selling equipment is easy to grasp. That leaves redeployment. I remember scanning a post or two about that, but not the content.
Did someone suggest that the switches could go to Mexico, maybe to VPN, or better yet to No Mas? Could that be a way to capitalize part of Globetel's share of the JV?
Did somebody post this already? Same name and applicaton. Somebody must have already posted this:
http://www.defenseindustrydaily.com/2006/05/combat-skysat-cheap-nearspace-communications-relay-at-je...
Combat SkySat: Cheap Near-Space Communications Relay at JEFX 06
Posted 02-May-2006 07:06
Related stories: Air Reconnaissance, Americas - USA, Blimps & LTA Craft, C4ISR, New Systems Tech, R&D - Contracted, Signals Radio & Wireless
Also on this day: 02-May-2006 »
Standard weather balloon
(click to view full)DID has covered the Pentagon's interest in blimps for "near space" use in a variety of roles, from radar surveillance to communications relays. In our in-depth look at the US military's future $14-18 billion Transformational Satellite (TSAT) system, DID also had this to say:
"In terms of long term trends, it's also worthy of note that a combination of narrowband satellites and MARTS-type communications aerostats for theater communications, wideband AEHF satellites for mission-critical high-bandwidth transfers like UAV video, encrypted communications via commercial satellite carriers, and laid fiber-optic cables for strategic communications are already appearing on the scene.... Throw in the possibility of finding new ways to leverage existing systems, and this constellation definitely represents a potential "incremental competition" threat to TSAT."
Add one more piece to this array of incremental options, courtesy of a system currently under examination at the 2006 Joint Expeditionary Force Experiment (JEFX 06)....
Combat Skysat is "a bent pipe [radio] repeater the size of a coffeemaker" launched into near-space between 65,000 and 95,000 feet. It's attached to what can be compared to a weather balloon, and its line of sight gives it a coverage "footprint" of about 600 miles that extends even into urban and mountainous environments with clear transmissions.
That's a significant improvement over ground radios' 5-10 mile range, and the USAF article explicitly notes its plusses vis-a-vis satellite communications:
"In the past, satellites were used to provide the long-range relay ability for ground communique, but the lines were often clogged with high-priority information and were too slow for the fast-paced ground environment.... With the cost of commercial geosynchronous satellites averaging more than $300 million a pop, the $6,000 skysat makes "low-priced" seem like a slight understatement."
Special operations teams may also appreciate the ability to carry just one antenna for some missions, instead of switching out between SATCOM and UHF. The balloon takes about 20 minutes to launch, but can stay in the air an average of 12 hours per flight. It is remotely flown from the launch site through ballast and vent controls, much like those on a hot-air balloon. When done, it can be retrieved or left behind at the team's discretion. See Air force link article.
Nerd, I agree if it can all be taken at face value. However, I have become very untrusting over the years and do not consider it to be out of the realm of possibility that somebody is getting scammed somehow.
I don't really want to run nightmare scenarios but suffice to say that while the Peraltas may give money to churches, they are not necessarily angels.
Not an accusation, just a jaded observation.
Well, at least we received requested answers on important issues and the important projects. I'm certainly locked onto the streamlining process as having culminated. That would be a good thing.
BK in Germany comes as no surprise. Still looking for confirmation of Pachuca operations, we got about this far in Germany as I recall. What is the status of the 70 hotzones? How about somebody in Pachuca logs in and posts on this board? Should have happened by now.
Have to wonder what Centerline news means for Joe Monterosso. He received significant credit for the JV contract. 'guess he was transitioning to more productive areas. 'hope it was real and if so, that it continues elswhere.
Raytheon's apparently genuine interest (per independent confirmation from Sands) is significant. Over the horizon capability is very important to Raytheon. If being tethered was an option, Raytheon would not be interested in Sanswire, it's that simple. Same goes if they didn't think it would work.
There are plenty of nasty things that could be said at this point. Anyone is justified to sell. I'm holding for now on the belief that the JV and Pachuca are real. That is easily proven either way today. I can't make the trip so I wish somebody could just settle it.
Mr. Sands actually threw a bone to the board in delivering his parting shots at Globetel. I doubt he anticipated his supposed expose would shed a new light of optimism amongst we, the blind, to see with.
Thanks for the free publicity Mr. Sands. It's good ink for the uninformed.
The obvious question is what happened with the proposal? Did Alice Muntz leave because things went South or as some have said, to consult, maybe because it has merit?
As for Raytheon helping develop the Strat; then they would have to buy it and of course Globetel won't sell. They might negotiate exclusive DHS use of it though, and be the sugar daddy for Sanswire.
When is this company going to come out with some answers to important issues and status reports on important projects rather than just manufacturing web pages that either go out of date in three days or show up out of date on the first day?
Here's confirmation that DECT is gaining market share, coming to North America, and being applied as anticipated by Globetel. DECT makes sense. Why can we get no confirmation that we are off the ground in Pachuca? Where else are we deploying? We need to get revenue and expand or we are going to be left behind by the big guys.
http://www.networkworld.com/cgi-bin/mailto/x.cgi
Avaya enables workers to be mobile yet connected to their voice/data network
Avaya releases IP-based wireless devices
Convergence & VoIP Newsletter By Steve Taylor and Larry Hettick, Network World, 04/25/07
Avaya announced a new set of IP-based wireless devices last week for businesses workers who want to be mobile within a work campus but also who want to remain connected to their voice and data network. The devices give users a choice of either voice-over-wireless-LAN (VoWLAN) or Digital Enhanced Cordless Technology (DECT) handset models.
The Avaya 3641 and 3645 VoWLAN handsets are specifically designed for industrial environments and offer “protection from dust, water or random impact” according to Avaya’s statement. The handsets support the 802.11 ‘a’ frequency, adding to Avaya’s standard ‘b’ and ‘g’ support which, according to the company “enhances voice quality through reduced wireless interference.” The new Avaya 3631 VoWLAN handset is designed for traditional offices that want a “sophisticated, yet low-cost solution” according to Avaya.
The Avaya 3711 IP Digital Enhanced Cordless Technology (DECT) Handset was designed by Avaya as a voice-optimized option to Wi-Fi. Avaya concludes that “DECT handsets are ideal for businesses that do not want to co-mingle voice and data on the same wireless network.”
Avaya’s new VoWLAN wireless devices are now available globally and while the IP DECT handset is currently only available in Europe and the Middle East, it is scheduled for release in North America next month.
Our analysis: While IP and DECT handsets are nothing new we believe “the more the merrier” when it comes to the competitive handset market. We also believe developing IP wireless devices to specific niche-markets (like an industrial setting) expands the VoIP environment in general and makes sense as IP communications are extended into increasingly diverse work environments.
All contents copyright 1995-2007 Network World, Inc. http://www.networkworld.com
Folks in Arkansas, don't forget that the Sister Cities agreement between Pachuca and Little Rock gets consumated starting today in the old ice cream store across from the University.
Stop by and say hello to the Mayor of Pachuca or his representative. Ask him if he has ever heard of No Mas Cables de Mexico. It would be great to get independant confirmation of its revenue generating existence.
Festivities all week, so if you can't make it today, how about tomorrow or the next day?
http://www.arkansasnews.com/archive/2007/04/23/News/341828.html
You know details of his involvement with getting Sanswire on TV. Your tone is tolerant of his obvious deficiencies and the apparent inaccuracies in his PR, almost as though you are defending him. Might you also be defending your decision to hire him? I'm sure he was very cheap in any case.
He has some sort of German connection. You sound like you may be German. Maybe that is why you clicked?
axel,
Are you the one who put him on retainer?
Vern, I believe you are good hearted and I'm sure Tim values the loyalty that you have shown to him and I also don't mean to criticize or sound as if you should not post your opinions,
but.. do you see that you appear to be more or less talking out of both sides of your mouth when you say that Tim was not naive but then again those shifty, disreputable Russians, who you know full well can't be trusted, walk up and jock him out of his under shorts while he tells the world about the brand new suit he just bought?
I mean, isn't that the picture that they have next to 'naive' in the dictionary?
I agree and I also really would like to know who at Globetel put this guy on retainer.
In his PR about some dealer who survives an attack in Chicago he has the supreme bad taste to invoke the Virginia Tech shootings as a means of highlighting the subject matter of his PR.
Of all the mindlessly self serving, heartless things to say, this guy must smoke crack.
I can't believe everyone is missing the obvious fact here. LM is clearly behind this.
When they want something, they get it, one way or the other.... LOL
In case you haven't noticed, we have absolutely zero in the way of independent confirmation of No Mas Cables' existence in anything other than Globetel's news releases. Gaining independant confirmation is my goal in posting this.
Who gives a rat if Globetel updates the Mayor? I just want to know if the Mayor has ever heard of them. I want to know if anything at all has happened in Pachuca vis a vis No Mas Cables.
If by my reply you hear me saying that I do not trust Globetel, then yes it is true, I do not trust Globetel.
But that makes me no different than any reputable journalist in the world.
If that makes you say 'Good Grief', then surely over the last few years Globetel has done some things to make you say 'Good Grief' also. Care to give one example?
I honestly believe that the Mayor has enough of an awareness of the business activities in his own city as to be aware of No Mas Cables, yes. definately. This would be true if on no other basis than the permits required to do business...and we know what 'permits' cost in Mexico.
Don't be so quick to make excuses.
This Wednesday Pachuca will come to Little Rock, Arkansas. Surely any sister cities agreement will require an official signatory, most probably the Mayor of Pachuca. If we have any Globetel operatives in the Little Rock area, please attend the events scheduled to occur in the former ice cream parlor across from the University and sidle up to the Mayor of Pachuca. Ask him about No Mas Cables de Mexico and the progress that they are making in Pachuca. He will know something about it. Good luck and we look forward to your report(s).
http://www.nwaonline.net/articles/2007/04/23/news/042307lrmexicanconsulate.txt
"About 300 state and local dignitaries are expected to attend the festivities, which also will include the signing of an official sister cities agreement between Little Rock and Pachuca in the Mexican state of Hidalgo, event coordinator Liliana Olea said."
...or could the event that triggered its release be the apparent abandonment of the lawsuit that Wednesday's filing may be indicating?
It is agressive, perhaps now that Tim is gone and lawsuit is too, they feel ready to shift their promotional gears.
If it is just about pumping for financing, then it is failing miserably, just look at the chart and volume; stagnant. I'm glad about that; the choice now is either succeed for real or fail for real No in between and no fooling themselves or others.
Time for financials that show results. Nothing else will do.
GlobeTel Wireless HotZone Base Stations are prioritized for voice and designed to detect and identify discrete Digitally Enhanced Cordless Telephony (DECT) addresses. Once identified these DECT transmissions are then wrapped into an IP packet and brought it into the GlobeTel WiMAX processing environment in a highly proprietary fashion.
GlobeTel's DECT feature uniquely allows the hundreds of millions of DECT phones already in use in Europe, Asia, Latin America and other countries to instantly integrate with the GlobeTel network with absolutely no further programming or additional equipment required.
"...no further programming or additional equipment required." This is an answer to a question I have posted and often wondered about. There is no threshold to my dect phone other than having a hotzone 4010 radio in range. That should scare the cells and tells (if well and truly executed).
Warp, I agree, this is the part of risk's seemingly well reasoned explanation that does not appear to actually be reasonable.
risk..not to try to 'talk behind your back' (as if that's possible) you seem to gloss over this gap in your logic by stating that it is simply your opinion compared to that of others, however saying that does not address Warp's specific point and rather appears to be an attempt to ignore the point.
You've learned a few tricks with all your court room experience.
Agree with much of what you do say, though. Especially the lawsuit. All of plaintiff's actions, or lack thereof, appear to be centered around the goal of not spending another dime. Good news!
geez risk, I was really hoping that you would answer Nerd's question since it would bring new and important information to the board.
Instead you just say he is missing the point, but I don't think that he is.
Nerd, I sincerely hope that if they are capitalizing more radios, then they are for many more than Pachuca only.
I think that falls into one of the more legitimate categories of justification for a bridge loan, which is what this could be.
If past is prelude, then they will try to make another bundle off of shorting this stock.
One good thing though, it appears there is no credibility left for fluffy pr's to raise the share price from here so nothing but solid fundamentals will work (I hope). Therefore, no reason to short unless one expects it to go down from here, but this level is apparently pretty solid.
However, there are plenty of existing shorts waiting for exactly that to happen.
This whole thing is such a crap shoot. This is what I get for taking anybody's word on anything.
well, actually...yes.
When you state 250,000 for the year that is actually to say a flat line for Jan thru Dec. That doesn't make sense for there would have to be a sudden jump from 150,000 in Dec of previous year to Jan of third year.
So, since you want to limit it to third year only, then you should take a slope from 150k to 250k over 12 months and then do the area under the graph thing and divide into the $79,000,000 revenue number this yields $32.91 for year three.
Yes it is an average of sevices and rates.
Your math doesn't include the revenues from years one and two, but does include the subscribers from all three years. You need to chart the graph for three years of subscriber growth as given on the site, take the area under the graph in units of subscriber months and divide it INTO the cumulative revenues for year one plus year two plus year three. That gives the monthly rate. then do the 49 / 51 split and margins.
Did you know that the numbers on the FAQ of the JV website yield (after some integral calculus) $32.64 per subscriber per month over the three year period?
So you think the Russian deal was legitimate and is therefore a standard against which to measure other deals?
Many feel there was something smelly about that one to begin with.
It will only bear fruit if it is real fruit, not virtual fruit. It takes time, but it also takes the correct strategy and tactics, which is what my question was about.
We have the timeline of one year given on the website and I'm not disputing it. We also have April 11 for a revenue producing entity. Therefore there is a number associated with that revenue today, no time needed. I want to know what it is, today. If you don't care, that's your business.
Ok, but "us guys" aren't biting anymore. That was part of my question. It's wasted on us, so why bother unless, as Trashboy said, something bonifide good is expected by those running Globetel?
I'm not really asking why there are no new investors, it is painfully clear that this has been a lousey investment.
I'm asking why would Globetel beat a dead horse (it is dead for sure; all new investors have to do is look at the last two years and run, Forest, RUN) unless there will be some fundamental bottom line change? You say no effort in the scheme of things, but sure there is.
There is their own time and effort, plus the liabilities of putting more out there that would dissuade all but the ambitious. Why are they ambitious? That is the question.
Trashboy..Any perspective is of interest.
So your answer to the question is they did it because they (Globetel) think good things are going to happen and the web site will inform new investors after those good things start to happen.
I think you're right in saying (paraphrased) that it is only the 'old hands' who now know about the site, and we're sitting and waiting for new blood as opposed to spilling more of our own.
I would like to ask those who are neutral to negative on the stock how they perceive the latest website. (I excluded positive people because I think I already know their perspective)
The website has done nothing for share price which came as no surprise to anybody here and surely not to Globetel since there was no cash documented as received. It is clear to one and all that cash in the bank is the one and only thing that will raise the pps.
What I'm asking is, if it is common knowledge that cash is the only answer, and there were not a realistic chance for cash to happen, then why waste time and money with a fluffy website that you KNOW isn't going to help with anything?
Here's one answer that I can think of. They know that the current share price is supported by whatever value the market is giving to No Mas Cables. They also knew that some number of shareholders saw Tim Huff as the lynchpin in that deal. So they did the website as a prophylactic measure guarding against further collapse of share price upon Tim's impending exit. Again though, why bother unless they believe there is some real potential?
It's a serious question; 'interested in other views.