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PTSC Legal Case #
Friday/6/10/2005
10:30 AM (r)CV-04-618-JF/HRL
PATRIOT SCIENTIFIC CORP. V. CHARLES MOORE, ET AL
Further Case Management Conference
PTSC AND INTEL
Moderator shouldn't all informative links be in the header with short description. It would help in learning curve for new potential investors. I only cought last 4 links like those but would love to see more links with description in the header. If that is possible of course. Of course i'm not telling you how to run your own board but it would be helpfull for everyone. Thank you.
http://www.amdboard.com/amd_022205.html
http://www.signonsandiego.com/uniontrib/20050223/news_1b23patriot.html
http://emarket.knowledgeexpress.com/local/detail.asp?id=9677&source=KEAgreements
http://www.patriotscientific.com/corporate/investors/proxypackage2005.pdf
FOR EXAMPLE CHECK THIS BOARD. AWESOME FORMAT
http://www.investorshub.com/boards/board.asp?board_id=1871
DIRECT LINK TO AMEX SITE VIDEO FEED
Rock if you would like to post it in the header here it is
http://www.amex.com/?href=/atamex/news/events/2005/br_GTE_053105.htm
Sanswire1 "Sanwire 2" in progress...maybe ?
Sanwire1: "I heard they are building a new ship 255 ft long at Palmdale. It will use better and lighter infrastructure than the 1st. Not sure of how or which will be tested. They have a pretty serious R&D effort going on. They have already built a mock simulator." - sanswire1
IF so sanswire1 i think you would be reffering to this:
".....Until the launch date, we will be doing ground base test and begin the process on the construction of Sanswire 2, the 400-foot long commercial airship. Sanswire 2 will be constructed in our new facilities near Edwards AFB."
http://biz.yahoo.com/bw/050405/55640.html?.v=1
I have sent an email to Mr.Huff our CEO asking about this statment. No replay so far. I will try again investors relations and maybe they can shead some light on it. The more knowledge the better wouldn't you agree ?
http://www.investorshub.com/boards/read_msg.asp?message_id=6522410
How did you hear about this ? The material you are reffering to is 1/3 lighter then aluminium. That material however from my understanding is meant for Sanswier 2 not 1. I took a picture with Tim Huff holding this material in his hand at Sanswire Unvailing. He also let me check it out. Also spoke for about an hour with our chairman Mr.Kostro. Very nice gentelman. My countryman by the way....LOL. I'm trying to remain postitive but how can they start bulding S2 when first one is not completed yet. I mean solar film, batteries, high altitude propultions and payload are not installed yet on S1 so it's not complete. I don't see how we can start bulding S2 when S1 is not yet completed. GTE can bearly keep up with S1 timelines so to start S2 would be a surprise. Any thoughts on this ?
Rocky and Mailman thank you for clarification. EOM
Doc80ca there shouldn't be within same PR opposite statments and in this one there were two. Since i am still confused....in your opinion which one is the correct one ?
finished meaning moved to palmdale already or begin ?
and
end of summer or end of the year ?
Sorry to be a pest but this couldn't be more confusing at least to me. I am making an issue of this cause timelines are important to me (for personal reasons). I sent an email to investors@globetel.net for clarification but would not mind if someone would make it clear for me.
UNCLEAREST PR EVER. CONFLICTING STATMENTS WITHIN SAME PR.
Guys I am foreign but i can write a better PR then this person. Whitehat that was exacly my point i was going to make. Should we clarify this with investors relations ? This is unclearest PR i have ever seen. Conflicting statments within same press release!!!!
WHICH ONE IS IT? I quote from same press release opposite statments
1. GlobeTel Communications Subsidiary Sanswire Networks has Begun its Move to Palmdale, California in Preparation of the Launch of the Company's First High Altitude Airship
2. We have successfully completed our planned tests in San Bernardino and now we finished our move to Palmdale,
also which one is it here:
1. ...in preparation for the Company's high altitude tests that are planned to be carried out later this year at Edward's Air Force Base in California.
2. Sanswire plans to launch the Stratellite from Edwards with help from the US Air Force and NASA later this summer.
http://www.marketwatch.com/tools/quotes/newsarticle.asp?g=BE7C331DCF48478586E488859C6641C9&sitei...
ISLES have you heard that from one of the executives or is that your opinion ? Hope you don't mind me asking ?
"Don't be surprised if the summer launch might not happen until Sept. or Oct. the latest, but it will happen." -isles
fashionman from my perspective as an investor i am awaiting all of these:
http://www.investorshub.com/boards/read_msg.asp?message_id=6522410
NO NEWS ON ANNOUCED MAY DELIVERY !!!
Well it's end of May. May 31st to be exact. Where is the news about announced delivery ??? What's the deal. Also what are you thoughts guys on managment ? 2 execs only and who are these people. Nothing really know about them. One chinese dude other who knows. Any input appriciated.
The contract is for 6,690,000 metric tons of fuel oil to be delivered within a 37-month period and will begin with 30,000 metric tons for the first 3 months and 200,000 metric tons monthly for 33 consecutive calendar months thereafter. The first delivery is scheduled for May 2005. Present day market values the contract at approximately 1.5 billion USD with the price based on Singapore Platt CIF China. Details of other terms and end users will be released prior to the first delivery.
http://biz.yahoo.com/bw/050328/285329.html?.v=1
MY EMAIL TO TIM HUFF. CEO OF GTE
I do not expect a replay as he did not in the past but i hope my questions would be addressed in next shareholders letter. If you guys have answer to some of my questions i would appriciate your input.
From: xxxxxxxxxxxxxxx
Sent: Tuesday, May 31, 2005 9:21 AM
To: 'thuff@globetel.net'
Subject: good morning
Good morning Mr. Huff,
I am shareholder of Globetel stock and have few questions which perhaps you would be able to help me with.
If not so would you please let me know if it can or can not be addressed or when it would be addressed by management?
What is the status and timeline of crucial events Globetel has announced in past CEO shareholder’s letters like:
1. MOU “GTEL Signs Stored Value Card Agreement With Leading Indian Company for $9 Billion Remittance Market” and “GTEL Targets $7.6 Billion Filipino Remittance Market; Bankard and GTEL Sign Agreement to Issue Stored Value Cards for Remittances in the Philippines. Are those MOU still valid and when will revenues kick in from those ?
http://www.findarticles.com/p/articles/mi_m0EIN/is_2004_Sept_9/ai_n6187074
http://www.findarticles.com/p/articles/mi_m0EIN/is_2004_Sept_7/ai_n6183423
2. Transport of Sanswire 1 to Palmdale for summer testing with NASA and/or FAA approval for flight to Palmdale. Summer is coming but no updates and timelines have been given.
3.Completion of Sanswire 1. I noticed that solar film, batteries, high altitude propellers and payload have not been installed yet. When should we expect this to be installed?
4.Planning and construction of Sanswire 2 commercial version. How is the “process of construction of Sanwire 2” going and what does the process of construction of Sanswire 2 consist of?
5. Installation of switch for stored valued cards to begin operations to ramp up store value cards program in Philippines, Mexico and India. When will switch become operational and when will operations begin in these countries?
6. Sales and operations of stored valued cards in Philippines, Mexico and India. How are the sales going and who is doing sales in Globetel?
7. Has there been and how did international gateway in Hong Kong helped to increase worldwide carrier network capabilities to give high-margin based business for Asian traffic.
I would really appreciate an answer to these questions since they trouble me as investor as they have been announced but no updates and timelines have been given. It would help and give guidance to future individual and institutional investors to address unclear questions like that. I understand sir that you are busy these days but would you please answer my questions or perhaps address it in next shareholder’s letter with timelines provided to inform concerned investors like me.
Thank you and good luck to Globetel team. It’s great to see us on AMEX higher exchange and me personally I am looking forward and hope for Globetel to be listed some day on NASDAQ.
Sincerely,
xxxxxxxx shareholder of GTE.
xxxxxxxxxxxx
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----- The following addresses had successful delivery notifications -----
<thuff@globetel.net> (successfully delivered to mailbox)
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<thuff@globetel.net>... Successfully delivered
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Is that articlue reffering to PTSC chips ?
What's the deal with PPS going up. No news that would cause such a spike!
MMs playing their games ?
$9 billion India & $7 billion Filipino remittance market ?
Did we have any updates of these two announcements way back ?
I will be sending an email to CEO with few of my questions and will report if I get a replay. In the past I have not gotten any but in the mean time did we have any updates since then that I might have forgotten about? Is that MOU still valid for today ?
“GTEL Signs Stored Value Card Agreement With Leading Indian Company for $9 Billion Remittance Market”
http://www.findarticles.com/p/articles/mi_m0EIN/is_2004_Sept_9/ai_n6187074
and
“GTEL Targets $7.6 Billion Filipino Remittance Market; Bankard and GTEL Sign Agreement to Issue Stored Value Cards for Remittances in the Philippines"
http://www.findarticles.com/p/articles/mi_m0EIN/is_2004_Sept_7/ai_n6183423
GTE RATED BUY. WHITE CLOSING MARUBUZU FORMED.
http://americanbulls.com/StockPage.asp?CompanyTicker=GTE&MarketTicker=AMEX&TYP=S
Good luck to us and continuation on Monday.
WHITE CLOSING MARUBOZU
http://www.candlesticker.com/Cs15.asp
Type: Reversal/Continuation
Relevance: Bullish
Prior Trend: N/A
Reliability: Low
Confirmation: Required
No. of Sticks: 1
Definition:
The White Closing Marubozu is a single candlestick pattern characterized by a long white body with no upper shadow. This is an extremely strong bullish candlestick pattern.
Recognition Criteria:
1. A White Closing Marubozu has a lower shadow but no upper shadow.
2. The day opens, the prices then slightly go lower creating the lower shadow but then prices continue to go up all day thus forming a long white day.
3. The day then closes at the high of the day and hence with no upper shadow.
Explanation:
The White Closing Marubozu is a single candlestick pattern characterized by a long white body with a shadow on the open and but no shadow on the closing end of the body. This candlestick shows that the day opened and then prices went lower slightly, however it was followed by a rally that drove the prices over the opening price and the rally continued all day ending with a closing price equal to the high of the day. Hence the bulls were very strong during the day except the initial phase of the session. The bull strength caused some concern among the bears leading them to cover their short positions thus adding fuel to the rally.
Important Factors:
What a White Closing Marubozu says about the future course of the prices depends a lot on the general picture just as in the case of White Marubozu. White Closing Marubozu can possibly be the first part of a bullish continuation pattern or it may also be interpreted as a bearish reversal candlestick pattern depending on the preceding day's candlesticks.
The White Closing Marubozu is a single candlestick pattern with low reliability. It only reflects one day's trading and it may show the continuation of the trend but it may also indicate reversal. It needs to be used with other candlesticks for a better and healthier judgment about the status of the trend.
FYI Ameritrade Apex NO SERVICES FEES.
Since some of you had problems with your brokerages i would like to inform you guys that Ameritrade Apex does not charge any service fees on their Ameritrade Apex account. Also they have cream of the crop trading tools. Check it out.
http://ameritrade.com/ratesfees.html#service
http://ameritrade.com/offer/apex.html
Dragon you misunderstood me i AM ASKING why. I'm new here and i don't know. I wish someone would explain to me why it's so underpriced PLEASE !!!!
Rocky shouldn't we update OS and AS on header ?
It may confuse new members and scare them off..lol
Amex pre, market and post market hours ?
anybody knows ?
How so ? What makes you think so ?
ACCOUNTING FOR ALL SHARES ?!!!
1. Have all the shares been accounted by the exchange and brokers ? Anyone know the process ?
2. Anyone knows IF AND WHEN shorts and naked shorts will cover ? Is that even a concern ?
NICE PRICE ADJUSTED STOCKCHART
What in a heck is up with p/e and eps ?? haaaaa???
3 months
http://stockcharts.com/def/servlet/SC.web?c=GTE,uu[w,a]daclyyay[db][pb50!b200!f][vc60][iut!Ub14!Ua12...
1 year
http://stockcharts.com/def/servlet/SC.web?c=GTE,uu[w,a]daclyyay[dd][pb50!b200!f][vc60][iut!Ub14!Ua12...
P.S
My streaming ameritrade charts shows flat where it has not been flat but that is do to the fact that range is from 0 to 5 bucks. Hope it updates automatically by tommorow.
Not yet Mike. I'm tracking it but i want it at .035-.038. Maybe yes maybe not...ever but it's not going anywhere yet. I'm suprised that with numbers improving a lot and projections numbers out that stock is not moving. That kinda in itself is making me a little nervouse and cautions. Just an instinct but i'm trying to find a good reason why I SHOULD GET IN ON IT ?
Whomever sold out prior to move to Amex....good luck to you.
Look at bid right now 250 (125,000 shares order) and 3 and 10 asks. Good luck to all you sellers prior to move with getting back on the ship. If you will you will pay premium price per share since not a lot of people are selling.
Whow you guys are picky. We are talking about like $1.00 or so difference. Rounding up or down .33 share X 3.85= $1.26
But so was i i guess on this Amex thing..lol
Mike yeah but not if you have bought this on wend or thur. You would be OVER 1000% up. Nothing to sneeze at. You may wish that our other stock you post about would do that. LOL. Mike suggestion check GTE. Check I-hub board for DD.
just frank hope we will end up on most actives. It would give GTE good market exposure. I urged everyone to do this in the post. This would help a lot as well
http://www.investorshub.com/boards/read_msg.asp?message_id=6421574
Starboy..yeah maybe I had too much coffee this morning. I guess we'll have to wait and see. I still would have proffered NASD over AMEX especially with r/s in effect. I hope volatility will come in one way or another but I’m glad I guess we are done with MM's bringing the price down whenever it fits them.
THIS 2 DAY RUN IS SICKKKKKKKKKKK !!!
What's the deal ? Can anyone please clue me in as to why this stock is going to the sky ?
From .02 to .25 is sick 1000% up. WHY ?
techbear. I hope so !!
" There will be an ongoing slow move up ... a little every week. It's beautiful if you ask me."
It opened up 5% higher as you mentioned but look at the chart...flat line acros whole day. I hope you are wright about the up move, cause volatility is great in my opinion and there is no volatility here. I guess we are done with MMs games but i hope this stock will move, one direction or another. Who wants to say flat for the rest of the year ??
Again i hope you are wright and i didn't mean to sound negative but just stating my observation.
AMEX ANEMIC flat trading. 2bids 2 asks listed. I never understood Amex exchange. So far it sucks in my opinion. So much for changing the exchange. Like i said long time ago here. I guess i was wright
http://www.investorshub.com/boards/read_msg.asp?message_id=5226802
I love NASD, even OTCBB now that we trade flat on Amex. Where is the insitutional buyers Huff has mentioned ? I don't mean to sound negative but I always hated Amex exchange and again in my opinion I was wright. I won't trade any stocks in future on this exchange. With R/S huff should have opted for NASD not AMEX. Maybe there is something wrong with my opinion but hey..prove me wrong !!!!
What do you guys think of this flat trading. Is that going to be the pattern ? How is this stock going to move. No volatility here.
Stashu WE SHOULD ALL CALL Mad Money during Lightining Round and one of us would definitly get on the air and or send an email. I am sending an email on monday when it starts trading under GTE
ALL OF US SHOULD CALL. IT WOULD GIVE GTE REALLY BIG EXPOSURE AND BOOST FROM THE START. Isn't that our wish ???? It would also reasure all of us of AMEX exchange.
Nothing better then to make first impression noticable to entire market by exposing GTE on Mad Money to millions of people. Simple free advertising. LET'S DO IT BUT WE NEED EVERYONE TO CALL. One or two of us won't get it done. Show us how dedicated GTE holder you are.
Jim wants to speak with you! Call 1-866-778-CNBC toll-free from 4-5:30 p.m. ET daily. Or e-mail Jim at MadMoney@cnbc.com to ask him any and all investment questions.
http://moneycentral.msn.com/content/CNBCTV/TV_Info/P108231.asp
P.S
Rocky for a second i thought you sold out. You were so quite for few days. Have you ?
Is GTEL for you ? Do you like microcaps ?
This is brilliant and everyone should read this. I've been doing this without even knowing that i'm following this psychology of trading. MUST READ if you trade penny stocks aka Microcaps.
Are Microcaps For You?
--------------------------------------------------------------------------------
By Dr. Richard Geist Ph.D.
The Successful Investor
Most successful micro-cap investors appear to discern risk differently than the average investor. Rather than viewing risk as either chance or consequence of loss, they seem to experience it as de-coupled from loss. They are closer to John Maynard Keynes' 1921 statement that "most of our decisions to do something positive can only be taken as a result of animal spirits...and not as the outcome of a weighted average of quantitative benefits multiplied by qualitative probabilities."
Successful micro-cap investors do not eschew risk, but they certainly seem to emphasize the possibility of reward over risk. What substitutes for risk is the intellectual challenge of studying products, services, and management. This intellectual challenge allows for failure while turning decision making into an art that is enjoyed for its own sake--an art that is accompanied by a strong belief in their own capacities. This is why many successful micro-cap investors avoid diversification as a method for minimizing risk. These investors seem to know that, as Peter Bernstein once said, "diversification doesn't prevent loss; it just prevents loss all at once." Successful micro-cap investors have enough confidence in their own research and decision making that they can concentrate their investments to take advantage of their own investment judgment.
Do I have what it takes?
To decide whether the micro-cap market is the right place for you to invest, try asking yourself the following questions.
Am I capable of intuitive, inductive, imaginative thinking?
Do I feel comfortable and have the courage to follow my own convictions?
Can I tolerate making mistakes and be willing to analyze them?
Am I able to step back from emotional turmoil and separate facts from emotion?
Do I understand the idiosyncratic lenses through which I'm likely to view the world?
Am I able to view risk as an intellectual challenge to solve rather than fear it as chance of loss?
If you are able to answer positively to these questions, you are emotionally ready to take on the task and challenge of micro-cap investing.
ABOUT AUTHOR:
Richard Geist is President of The Institute of Psychology and Investing, Inc., established to provide consultation to brokerage firms, money managers, financial planners, and small companies in the areas of management consultation, psychological stress, impact of psychology on investor performance, risk, public relations and marketing, and planner or broker/client relationships. He publishes and edits a micro-cap market newsletter, Richard Geist's Strategic Investing, which integrates the psychological aspects of investing into a five to ten year strategy for selecting small company stocks. He received his undergraduate degree and his doctorate in Psychology from Harvard University and is Instructor, Department of Psychiatry, Harvard Medical School; and Founding Member and Faculty, Massachusetts Institute for Psychoanalysis. He has presented papers on issues such as The Psychology of Investor Mistakes, Psychological Stresses of Managing Money, The Emotions of Risk, Interviewing Management, Herd Mentality, and Broker/Client Relationships. Dr. Geist is Co-Editor of The Psychology of Investing (Wiley, 1999), and on the Board of Directors of the Institute of Psychology and Markets and the Investors Research Institute, and a member of Dick Davis Publishing Editor's Roundtable. Dr. Geist is a also Co-Director of Harvard Medical School's annual Psychology of Investor Conference. He writes independent research reports for small and emerging companies.
http://www.otcjournal.com/bigsix.html
http://www.otcjournal.com/geist.html
Yes Mike i am...unfotunatly. I guess you snooze you loose.
Thanks for everyone's input. I upped my order a little. Not anymore at .03 LOL but .038...we'll see.
Friday earnings comming out.
BigRain in my opinion Investopedia is best site for basics.
It has great linkage to next level up. Here is few which should keep you busy for a while.
http://www.investopedia.com/university/beginner/
http://www.investopedia.com/university/stocks/
http://www.investopedia.com/university/stockpicking/default.asp
http://www.investopedia.com/university/technical/
http://www.investopedia.com/articles/optioninvestor/03/073003.asp
lowtrade, techbear, juststocks
quote :"fashionman,
Aroon 5 has the double diamond with the red top on the second diamond. Is this the sign for a spike down, possibly followed by an up trend? "
also Candlestick Analysis
Today’s Candlestick Patterns:
Short Black Candlestick
Bearish Dark Cloud Cover
Today a Short Black Candlestick was formed. This implies relatively weak selling pressure with little price movement.
The last two candlesticks formed a Bearish Dark Cloud Cover Pattern . This is a bearish reversal pattern that marks a potential change in trend. Though it is highly reliable confirmation is still recommended.
http://www.americanbulls.com/StockPage.asp?CompanyTicker=GTEL&MarketTicker=OTC&Typ=S
ARE OTHER INDICATORS CONFIRMING THAT or do you see MM's manipulation play. I saw that BB was touched at high point.
Do we wait for confirmation ?
P.S
Lowtrade don't you think about going anywhere. You are valuable here. My 2 cents.
Anyone knows why i can't view Level II(book orders) and charts for CKCR ? I tried ameritrade, inet, arca...none display level II or charts however i can see charting on stockcharts but it's not sreamed and still can't see Level II anywhere ? WHY ?
Anyone has any advise. Thanks
Would love to see that for GTEL. What a nice chart
http://stockcharts.com/def/servlet/SC.web?c=llli,uu[w,a]daclyyay[db][pb50!b100][vc60][iUb14!Ua12,26,...
Mike, we shall see. Market Makers sell shares accumulated on previous walk downs. When they see huge order with no volume movement which has been the case, they will walk the price down to pick up big orders to make commission on volume trading. That's how they make money. On volume not on price per share. MM's could cares less. That is why OTCBB boards are disliked because of Market Makers manipulations. I don't like the fact that volume is nonexistent. Today only 250,000 share traded and my order is 360,000. Kinda hard to sell later.
I might not get me order filled but it's worth a try. CIRT hit that price twice. Once on April 11th and once on March 21. Don't see a reason YET why it would not come down again. Trend is bearish as of now. Perhaps Q1 will change that. What's encouraging is that CIRT keeps issuing restricted/preferred shares at 0.05 and 0.04 which is 15-50% above current market price.
Not sure why everyone is trying to justify $4.00 openning price. If we were to go to AMEX as we speak at .25x15 we would open at $3.75 not $4.00
closing price day prior to move x 15 = $X.XX (opening price on AMEX)
All they had to do is to file extention, which to me that document looks like it is. He has to file the 10Q on Friday the 20th. Usually that is not a good sign but from what they said earlier it is suppose to be good.
"The report will be filed within five days of the date the original report was due."
Original report was due on 15th of May so 20th of May is due.
I placed a bid at 0.03 for 370,000 shares. Walk it down MM's. That's your job to walk the price down to fill big orders b!tches.
P.S
Thanks everyone for your input.