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if I may...
The acceptance (an isolated act of accepting the test, good news indeed) was pursuant to (attached to) a previous agreement. The entire statement is in reference to the past. Nothing, even the $225,000 remaining payment can be concluded to have occured or to be going to occur. Past history of a very limited scope is as far as that statement goes, everything else can have changed or gone away. The first agreement could be dead except for the acceptance of the test and whatever else may have happened 'pursuant' to it, before it was or will be replaced by a new agreement. Flexibility is the key.
It shows that joint ventures ('partnerships' have similar statistics, by the way) are volitile. So let's hope that a joint venture between Globetel and anyone else is indeed being vigorously and SKILLFULLY (read between the lines) negotiated since any deal only works when both sides get something and they are truly motivated to see it through by more than just a piece of paper and the fear of legal recourse. And of course as circumstances change, as the real world has a nasty habit of doing, so may the terms of the joint venture be required to change also. Otherwise; failure, as stated in the article. Flexibility is key, rigidity falls through by the wayside. If Globetel were to say they would only abide be some previous outline of terms and VPN were to wish to change something, VPN would be out the door wearing their silk suits. As has already been stated, we are weak here, and we need it badly. If I thought saying so would hurt us, I might refrain from saying it, but if I know it, investors know it, and VPN knows it.
..that's right. Even the "now" terms are negotiable from what was stated two seconds ago. It's never really final, even after it's inked, just ask a lawyer.
wifi clouds are generally available. If you are thinking that the DECT component sets it apart then I agree. It's just that I have seen no reference to the DECT component in the Pachuca related press releases and as a highly disruptive component, I think they would have said something if it was part of the picture. This plus the fact that the Peralta's are big cell phone providers who might be hurt by such a disruptive technology as DECT leads me to believe that in Mexico we are attempting to sell what is likely to be run of the mill wireless broadband. I would be happy to be proven wrong on this.
today's pr was about what has by now become an existing technology (wireless broadband) with existing vendors; not some new and unproven ground breaking technology. Same is true for the Anywhere Caller product. Basically it's the same as an upstart saying we are going to be selling toothpaste soon and it's called Fresh Mouth (I'm not in marketing). Day traders are not going to get excited and investors are going to want to see proof of what the new comer has over a Proctor and Gamble as far as selling toothpaste goes. The new ground for GTEM today is that they are talking about doing meaningful business with a bonifide pre-existing and successful enterprise other than themselves or some unknown entity; but new for GTEM is normal work a day stuff for the rest of the world. Seems we're acting more like a regular company, now the question is 'what makes us special?' If the answer is low price, we're still in trouble.
ken w...yours is very close to my way of thinking.
He is an extremely successful businessman / CEO who is working with (on?) an extremely unsuccessful businessman / ex-CEO. I see a level of exposure there that tempers my enthusiasm for the up-side.
There is nothing concrete here. A leader for leapers. Blind faith a must; looking first will not reveal anything but GTEM's less than credible past. We've had bigger news than this fade, crumble, dissintegrate, and grind into the dust.
I will not accept anything but concrete results regarding my investment.
We are essentially in agreement. GTEM stated that none were reported, not that there could never be any. That is why it appears as two different statements to me. As you say, Dohan is saying we will not guarentee that there will be none, even though we had not found any. They are both being very careful not to step on the other's toes, but they are also covering their posteriors. Yes it is humorous.
The Jan 4 statement by Globetel says that no disagreements were reported to Globetel by Dohan, neither in reports nor during the interim between their last report and the Aug 06 date. Dohan letter says it disagrees, but then goes on to make their statement that they can not say there will not be disagreements, pending the SEC investigation. These are two differing statements, and so do not represent a disagreement imo. As as has been said many times, much is riding on the outcome of the SEC investigation.
rewehapi..got to think that if Boeing can't vault the regulatory hurdles, then gtem can't either (we may be smaller but we don't seem any more agile). Although I will say that if a country wanted a strat as a 'permanent resident' so to speak, maybe they'd be more motivated to make the approporiate accomodations than they would for 'transient entities', like jets flying through their airspace.
Trouble is, we don't got no strat yet.
"regenerative power supply system"...
CompositesWeek News Board
State-Of-The-Art Composites Technologies For Compressed Hydrogen And Oxygen Storage
Quantum Fuel Systems Technologies Worldwide, Inc. has been awarded a contract by Lockheed Martin to supply its new state-of-the-art hydrogen and oxygen fuel storage tanks for a regenerative power supply system to be used in a stratospheric airship application. This award is due to the successful performance in a previous award from Lockheed Martin for Quantum to design and develop the next advancement in ultra-lightweight hydrogen and oxygen tanks. Utilizing its expertise in ultra-lightweight all-composite gaseous fuel storage, Quantum developed unique compressed gas storage systems for oxygen and hydrogen with higher system weight efficiency than has been demonstrated in the past. Additionally, the storage systems have been designed and tested to withstand an extreme range of conditions from sea level to high altitude.
"This program has redefined the state-of-the-art for compressed hydrogen and oxygen storage technologies. Quantum is excited to have been awarded this contract from Lockheed Martin to produce ultra-lightweight hydrogen and oxygen storage tanks," said Alan P. Niedzwiecki, President and CEO of Quantum. "Meeting these extreme requirements for Lockheed Martin's application has advanced our high pressure all-composite gaseous storage technologies for hydrogen vehicle commercialization, where the automotive operating environment, packaging efficiency, and weight requirements pose their own challenges."
http://www.e-composites.com/frontend/newspage.aspx?sno=3589
rwehapi...thank you very much for a very informative post, and for springing for the DD money. It clarified the service and how it works. Yours is the first confirmation I have read of a person actually using it. I thought at the time of its rollout, if nothing else this is a good beta test of the system. Now it looks like it really works and perhaps is ready for a more robust domestic deployment. Hoping.
A key point in my mind is one that Rocky raised and that is that it seems likely that Globetel should be marketing the Anywhere product to all authorized PCS dealers, not just MetroTel. If that is how the deal(s?) are structured, then the potential is much greater than 4 or 7 outlets; although 7 outlets can probably do enough business to be an indication, both to Globetel and to other authorized dealers, of whether this should be scaled up or not. Thanks again for your post.
I will not accept anything but concrete results regarding my investment.
Rocky...this combined with an earlier post does address concerns about MetroTel especially if Globetel is also marketing to many other authorized dealers. In this model one can reasonably expect that Globetel would receive revenues consistent with the fair market value of their product and in volumes that could yield growth. Thanks. (now let's see some execution / money / share price)
From here on out I will not accept anyting but concrete results regarding my investment.
does metrotel not being a subsidiary mean that if metrotel makes a lot of money, globetel won't book the revenues, even though metrotel is owned by globetel associated people using globetel developed products which they could get from globetel at cost (or less) since they have the right connections over at globetel, namely themselves? I certainly hope not, but would that be a possible scenario? It would be just my luck that the first time globetel successfully markets a product, that I would get aced out of the gains when no profits are reported on low revenue because they're giving it away to a privately held profit center.
From here on out I will accept nothing but concrete results regarding my investment.
The napkin sketch is a classic in business lore. In some cases there is the napkin sketch, a flurry of activity, and an empire grows out of it. In other cases there is a napkin sketch a flurry of activity, and then another napkin sketch; and what grows out of it is an office full of napkin sketches and the sound of a ticking clock.
From here on out I will accept nothing but concrete results regarding my investment.
..and now you also know why I do not miss those posts about RB conversations, nor shall I miss yours should you do likewise. I do miss mide's insightful posts about other topics, however, of which there were many.
<<insert clever by-line here>>
Considering the source is someone (meaning Rob) who considers a partner who takes Magic Money off us for free as being better than a partner who was going to make Magic Money make me rich, these comments probably mean the following:
'Mexico opportunity developing' probably means "Tim had some ideas that he scribbled on a napkin".
'two outdoor strat tests' can probably both be seen on the Sanswire website. One where it is seen sitting outside the hanger and the other where it is tied to the truck. In other words no new progress to report.
'did not even fit the overall business model' probably means that we are now re-writing history since Magic Money was once one of the key multiple synergistic elements that comprised the juggernautical vision known as the super hub.
GTEM approached by MM's probably means that there are still some vultures floating around waiting for something to die.
'lawsuit has been answered on time' probably means it is so rare to meet a deadline of any kind that even this is considered to be a victory.
We reap what we sow. (I'm still long but I don't appreciate being bs'd.)
Vern, I think so too. That is why I don't agree with those who say Seth et al were right all along. They may happen to have had the outcome match the outcome of what they were accusing GTE of, but since they wanted to sue GTE (or their lawyer friends did) they made GTE out to be the bad guy when it was Internafta. BONY is looking worser and worser as this wears on.
Vern, So really Globetel has survived (just barely if at all) a devastating scam by the Russians on the wireless side and severe undercutting by the military-industrial-intelligence complex on the stratellite side. Not to mention the scurrilous lawyers who are bending it all to their own devices; a dozen or so false start LOI's; reorganization; and don't forget the SEC investigation. Honestly, I entertain it all as within the realm of possibility, it's just kind of a miracle that we are still standing. I just hope we're not one of those punch drunk cowboys who crosses his eyes and tips back on his heels as he crashes through the bar room doors. It is as if it is too much to be true, but I know not what the truth is.
I guess it's all coming down to Mexico and Edwards Air Force Base. After all this big time bad, maybe some big time good will come upon us.
I have a feeling there was a joke there that went over my head.
Anyway, they do feed on carion aka road kill, but as we know from studying Vern's every word, the pigeon was nursed back to health, so it wasn't dead yet.
but after the last year, I do feel like road kill (and I don't mean for dinner).
..but of course crows while black, are not true predators. They will harass owls and hawks (true predators), but only because they predate on the crows' offspring. Crows would not attack a pigeon, hence the subtle innuendo that is stating that Vern's story was indeed an allegorical tale.
By the way, did you know that Bard Owls have no sense of smell and will therefore kill and eat skunks? This is a fact and therefore carries no subtle allegorical innuendo.
So we're sending up evacuated strats now, are we? Oh, just partially evacuated strats with gas bags full of helium in there that will expand into the evacuated part until we reach altitude, then it won't be evacuated anymore, just filled to the optimal pressure. oops! I laughed and my kool-aid squirted out my nose.
Don't get me wrong, still long, light, and laughing.
Merry New Year and a Happy Hannakah with Christmas tidings.
Hydrogen atomic number 1. Helium atomic number 2. First two elements on the periodic table. Both very small and difficult to contain but Hydrogen more difficult than Helium. Cows have a lot of gas and are therefore ideally suited for this purpose.
Vern, I don't have yahoo on my fav's and I was wondering if you might be able to post that link. If not, I'm sure it will show up eventually. That is way out in left field, though. Did it seem like a legitimate thing or was it one of those whacky, whacky yahoos trying to do some funny stuff?
I intend to rent Flying Tigers, by the way. I'm always watching my wife's video choices; she can try some of the good stuff for once.
'guess that's why we gotta vent the gas on the way up, eh Vern? Also don't we need to maintain pressure inside to keep the hull rigid? The skin wouldn't maintain its shape otherwise, would it?
For those who may doubt that cell phone companies are quaking in their boots about the threats from wifi phones. This is main stream media with big time players. Read it with Globetel's DECT phones in the back of your mind. They would all hate DECT because DECT phones use wifi (this bypasses the carriers' multi billion dollar capital investments and services) AND they are cheap enough to knock off the device makers:
http://money.cnn.com/2006/12/15/technology/pluggedin_mehta_iphone.fortune/
How an iPhone could rock wireless
Nokia, Motorola, Samsung and LG might be secretly rooting for the iPhone to be a (minor) hit.
By Stephanie Mehta, Fortune senior writer
December 15 2006: 3:52 PM EST
NEW YORK (Fortune) -- If Steve Jobs' Apple decides to build a wireless phone, as widely rumored, the company has the chance to shake up not just the wireless device business - an industry dominated by the likes of Motorola and Nokia - it also could upend the entire wireless distribution model in the United States.
We know very little about the so-called iPhone. Apple (Charts) isn't talking ("We don't comment on rumor and speculation," a spokesman told me) but we do know that wireless represents a huge opportunity - and threat - for Apple, and every other consumer electronics and computer maker.
Wireless phone makers increasingly are adding MP3 players to their devices, with the capability to download songs over the air. It certainly makes sense for Apple to want a piece of this action.
How Apple makes this happen is a topic of great swirl in tech and telecom circles. UBS telecom analyst John Hodulik recently published a report positing that Apple would seek to become a virtual phone company, buying airtime wholesale from Cingular and reselling wireless service, along with its new phone, sometimes in the first quarter of 2007.
Other rumors have Apple building a phone with built-in Wi-Fi service that would allow customers to make calls and download data and music from the free or cheap Wi-Fi networks proliferating in urban and suburban settings, bypassing traditional cellular networks. Both scenarios underscore Jobs' aversion to ceding control to telcos such as Cingular, Verizon (Charts), T-Mobile and Sprint (Charts), which exercise huge control over the entire wireless food chain in the U.S.
Or Apple could pursue a path similar to the one forged by traditional wireless phone makers, and sell its iPhone through the carriers - an option that probably doesn't appeal to Jobs, but gives him an opportunity to reach the largest possible number of U.S. consumers. But no matter how Apple decides to enter the wireless phone market, it is sure to change the status quo.
Here's why: Today, phone companies heavily subsidize handsets in exchange for long-term commitments from customers. That Nokia (Charts) phone you got for free from Cingular obviously cost the phone company something - probably hundreds of dollars - to buy from Nokia. Cingular, in the meantime, can make all kinds of demands of Nokia: It can ask for special packaging, prominent logo placement, etc.
This system drives Nokia and other wireless device makers crazy. First, it devalues the phone: Here you have what is essentially a handheld computer with more processing power than the first PCs, and consumers expect to get it for free. It also means the device maker has less control over how it can market and merchandise its products, a pretty unique position in the world of consumer electronics: Imagine if Dell couldn't sell laptops and desktops directly to consumers but instead had to sell them through Comcast, AT&T (Charts) or other broadband providers.
This is where Apple comes in - and why Nokia, Motorola (Charts), Samsung and LG might be secretly rooting for the iPhone to be a minor hit. Apple seems uniquely positioned to convince consumers to pay a premium - not demand a discount - for wirelessly connected devices, thus changing the economics of the wireless industry. Put another way: If a consumer is willing to pay $250 for an iPod Nano, why wouldn't she pay even more for a Nano that can make phone calls?
Apple also has a robust distribution channel: Its retail stores and online presence offer the computer maker an instant vehicle for selling phones directly to customers. If Apple decides to become a mobile virtual network operator, or MVNO, the Apple stores would be one-stop shops for both the iPhone and the service it runs on.
Or, Jobs could do something really experimental and sell devices in its stores completely independent of the service. Indeed, this is common practice in Asia. In China, for example, Motorola has roughly 180 Motorola branded stores (they are owned by another party, but sell Motorola phones exclusively). A customer can go in, test a number of Motorola phones, buy from a fairly large inventory of gadgets, and then take her newly purchased device to the carrier of her choice, which in all likelihood will have its own kiosk or storefront in the same mall.
In the United States, Motorola operates only one quasi-retail facility, a "pop-up" store (meant to be temporary) on Chicago's Michigan Avenue that it uses largely as a place where people can play with Motorola's latest and greatest devices.
Some U.S. consumers already buy devices independently. Anssi Vanjoki, a Nokia executive vice president, notes that there are many American users of cellphones that Nokia never introduced in the U.S. market. These crafty consumers purchased their phones in Europe, or online, and installed so-called SIM cards from GSM operators Cingular or T-Mobile in their unauthorized devices. If the phone breaks or the service doesn't work, however, the U.S. carriers can't solve the problem.
And that's the rub for many U.S. carriers. They've already spent billions building out phone networks, and they spend millions of dollars each year on customer support. When your RAZR breaks, for example, you don't go to Motorola, you take it back to your carrier. So phone companies feel they are justified in controlling the customer experience.
And indeed, the complexity of both building a wireless device and running a phone company seems pretty daunting, especially when you consider no one else is doing it. In fact, people argue that one of the smartest things the old AT&T ever did was get out of the equipment business and focus on phone service. No matter what route Jobs goes, the phone business will be a challenge like no other he's faced.
Sure, the iPhone might really rock. In our next column, we'll explain why an Apple phone could really bite.
The newest deflator tack is revealing itself. Now that there are no deadlines being set unless they are virtually guarenteed to be met (granted this has only happened once in the history of the company, but it does appear to be the latest policy) those who wish to see the glass half empty are inventing their own timelines. No doubt there will come an associated attack when the invented deadline passes...and it will probably work to drive down share price until such time as Globetel starts making its own money. (sounds like I'm talking about a kid who won't get out of the house)
Hey, your post just made me realize something. TODAY WAS THE FIRST DEADLINE THAT GLOBETEL HAS EVER MET!!!!!!!!!!!!
That in itself is a milestone achievement that should not go unnoticed. Cheers to our exceptional management team.
This tethered test was important. It did not make us any money but it was good, especially if some delegates from Mexico attended. It would be great if a successful demonstration of the gear in Pachua (sp?) has generated interest in the next level of deployment.
stock...if so it makes the Iridium connection virtually self evident. Sensors on strats uplink to Iridium network.
This is a moment of truth, regardless of individual biases. This announcement may have been made to avoid dribs and drabs from appearing in the media or from other sources now that it is going to be outside where unrestricted observations will take place. Also visible preparations may be happening as we speak or very soon. Weather problems will be easy to document. Delays of that type will be easy to manage in terms of PR damage control. They intend to do this one imo. Unless they want to finally run the whole fiasco completeley into the ground, then they really mean it. I like what is happening. Murch is showing his talent.
Murch's background sounds more like someone who is well versed in the rigors of testing procedures. Probably experienced in knowing where the risks lie and perhaps more confident in taking the risks of flying knowing that all that could be done has been done in terms of risk management, within a given set of resources and time limitations. Bob Jones seems to have his comfort zone on the theoretical side and was perhaps too fearful of failure in moving forward into testing. Maybe when one's ownership is defined in those terms, the spector of a technical glitch rendering the result falsely invalid was overwhelming and became a limiting factor in moving forward. At some point the project has to be put on the line and the next steps taken, for better or for worse. Here's to progress and moving forward.
[December 30, 2005]
GlobeTel Wireless to Install $600 Million WiMax Wireless Network in 30 Largest Russian Cities
FORT LAUDERDALE, Fla. --(Business Wire)-- Dec. 30, 2005 -- GlobeTel Communications Corp. (AMEX:GTE) today announced that its GlobeTel Wireless subsidiary has entered into a binding agreement to install wireless communications networks in 30 cities throughout the Russian Federation, providing broadband, VOIP and DECt technologies.
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GlobeTel Wireless has entered into an agreement with LLC Internafta ("Internafta") of Moscow, Russia, whereby Internafta will pay to GlobeTel Wireless a series of four construction payments totaling US$600 million for the installation of an array of proprietary networks to be installed in Russia's 30 largest cities, starting with Moscow and St. Petersburg. GlobeTel Wireless will both manage the completed network and will retain an ongoing 50% shareholding in the operations of the network, allowing the Company to enjoy the significant benefits of the recurring revenue stream. GlobeTel plans to roll out the network in 3 stages, comprising 10 cities each, over the next 27 months.
Over the past six months, GlobeTel has had a number of key meetings with officials at various levels of the Russian Government, including senior members of the Russian Parliament (the "Duma") and various branches of the Russian telecommunications and technology establishment. In early October, following months of preliminary discussions, GlobeTel CEO Timothy Huff - along with GlobeTel Wireless President, Uli Altvater and Sanswire President Bob Jones - demonstrated a working version of the HotZone 4010 equipment that will form the backbone of the new 30-city network. At that demonstration, the HotZone 4010 system successfully provided internet and DECT phone connectivity inside the Duma Building, quickly establishing its capabilities and ease of use. Largely upon the strength of that presentation, GlobeTel immediately entered in substantive negotiations with a group of prominent Russian investors for the implementation of the network which has resulted in today's agreement.
"It is beyond exciting to be able to bring this level of connectivity to Russia," said GlobeTel CEO Tim Huff. "Russia will, quickly and at a relatively modest cost, have a wireless infrastructure that will rival any in the industrialized world. This presents an amazing opportunity for us, for Russia and for our Russian partners. The Russian Internet market is severely limited by a lack of infrastructure and by the high cost to individual users of obtaining high speed internet access, even in those relatively rare cases where it is available. The GlobeTel Wireless network will provide city-wide high speed, wireless connectivity with the ability to provide voice-over IP telephony along with residential and business-based DECt service. DECt technology, particularly in conjunction with low-cost VoIP service, is the key to delivering highly affordable wireless telephone and broadband access to areas with limited or high cost service."
"Completely apart from the obvious economic rewards associated with an investment in this exciting new communications technology, we are most proud of the social, educational and community benefits that we are able to facilitate as part of the dramatic quality-of-life attributes which are rapidly emerging throughout the Russian Federation," stated Maxim Chernizov, one of the Founding Principals of Internafta. "This initial step with GlobeTel - along with other very significant technology breakthroughs to follow - will prove to be significant for all of us in the relatively near-term," he continued.
Uli Altvater, President of GlobeTel Wireless stated: "This is a very large undertaking that will utilize the skills or more than 1,000 people in Russia, Europe and the United States. This transaction will catapult GlobeTel to a position as one of the top two suppliers and operators of wireless networks in the world."
About GlobeTel Communications Corp.
GlobeTel is a diversified, global Telecommunications and Financial Services Company. GlobeTel operates business units in: (i) Stored Value & Remittance Cards as a MasterCard certified processor; (ii) VoIP Carrier-grade, Long-distance Services to major long-distance companies; (iii) VoIP development, technology and equipment manufacturing; (iv) advanced WiMax services utilizing GlobeTel's proprietary "HotZone" technology; and (v) the development, manufacturing, marketing and provision of near-space platforms known as Stratellites, which will soon seamlessly integrate all of GlobeTel's communications and financial services technologies around the world.
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect" "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements. There can be no assurance that LLC Internafta will provide funding on a timely basis and there is substantial uncertainty with regard to the business and political climate when operating in the Russian Federation. Sanswire Networks and the launch of the Company's high-altitude airship are subject to various risk factors and investors should construe any such investment as speculative. The above are more fully discussed in the Company's SEC filings.
sam, I took the safeguards to mean assets, either on account or some form of bonding, that would remedy or prevent the previous situation from occuring again, whatever it specifically was. jmo based on the verbage.
SAM...this reply is to the post that translates a notice published in Germany and says the BK filing is gone.
Thanks bayou. '..arranged safeguards..' sounds like new money to me.
So the bk has now been 'unfiled'. Does that mean that it was never valid ie hoax? Does that mean that is was valid but now there is money where there was none so now it is gone? Do we know either way for sure? (please don't say it's per Bleckman)
That was beautiful. Like listening to music. Thank you, Nerd. I find the DECT really intriguing. Same principle as you descibed. Dial a number you got off the wireless or by word of mouth and sign up for service as it will have your code off your dect phone the instant you call (if I understand dect correctly). Bingo, you just aced your current carrier out of business, or forced them to cut their margins. How low can they go? You've also got a leg up on cable / phone broadband voip. As long as you're in the cloud, you can save money on mobile phone service.
So wireless is at the forefront again. That is our future, for better or for worse. Here's hoping our first customers are satisfied. Does this mean that anyone with a dect phone can call Globetel, get an account and start making calls, today? I guess there must be a Gobetel base unit required unless they can register in on the individual encoding for every phone. If that is the case, then I would think that today could potentially go down in the telecom history books.