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well its clear joe ain't getting his 3 millions shares....EVER......nor we he be getting his back pay......nor we he get a dime in the centerline case either......this is why he has been so desperate......he KNEW what he did......it was just a matter of time before the SEC figured it out.....now his game is over and he knows it.......unless i miss my guess joe is no longer in the USA.
oh come on....who didn't see that coming......gees u would have to be blind deaf and stupid not to see that one coming.
uh thats a weasel lying in the lair.LOL......i think mr owl called that one first.
hehehehehehheheheheheh.....wonder why that is NOT on joes site......oh i think that pretty much says it all....thanx mide......that was the best laugh i've had in a long time......looks like my 5 buck bet joe flees the country is gonna be an easy 5 bucks.LOL.......joe if u don't mind.....oh i'm sorry joe-j......could u do one of those slow speed chase thingys like your hero.....i think u owe us GTEM shareholders that much.
uh yes the joe the bible of facts.....lordy.....really what more needs to be said......and for some reason this some how NEW news......uh its been out for over a month now.....just cuz joe reopened his site does NOT make it new.....is there a reason some of u can't seem to keep track of the date?
just like i said......hehehheeh....well good GTEM told him to kiss their behinds.....guess this means joe will be getting a new lawyer too.LOL......yes this just so adds to joes credibility.....yea joe and how this stunt work in getting what u want......didn't work did it.....but for some silly reason u try the same thing and are expecting a dif result....joe U WILL GET NOTHING from GTEM.......hope they seek criminal charges now.....tho why do i get the feeling u don't care.....your hole is so deep with the SEC u never getting out of it......5 bucks says joe flees the country.
and wells got a 100 bucks....so lets see after lawyer fees.....thats oh my like a buck......yea well worth the effort.
the cheaper the better......pretty simple gamble really......i really don't have alot of faith in GTEM......but i do have faith in the P family wanting to build a network to take on slim jim......GTEM just happens to own the needed product to build that network......will it work and GTEM not screw it up....don't really know.....hence the gamble.
PS 3000 shares cost a whopping 300 bucks.....mr owl buys more....what the heck.....almost up to 10k now and under 3k on it.....round and round she goes....where it ends no body knows....come on 31.LOL
how would anyone know they selling today?.....seems to me a rumor at best.....oh well not like it really matters......really talk about buying high and selling low......wouldn't surprise me they sell before end of yr......it is a nice tax credit they sitting on........so is there really no news?......no MF story out or anything like that.....it is a bit odd.....and if there really is no news.......it would seem DF is selling.....or someone big is shorting.
well u really don't know if that is how the final ruling worked out.....but for sake of arguement we can say that it is.....cuz it don't matter.....what legal bills.....GTEM is NOT fighting the SEC......jon is a lawyer.....once again u just making stuff up to suit your needs.....over 2 mil left....should be fine.....lawsuit done.....just the fines left......heck before joe posted that stuff i didn't even know the ins would cover the fines.....so as far as i'm concerned the fact that they will pay anything is good news to me.
good so then we agree there is over 2 mil left....and a similar company was fined less than 1 mil for actually lying about even working on a strat by the top exec......GTEM had a couple rogue clowns......GTEM main fault is NOT having safe guards in place to stop them......so then we agree that 2 mil should be plenty....but like i said we really won't know until we get there.....so u can stop bringing this up now as this is now closed.....everyone agrees.
before they bought hotzone there was a LOI.....i believe it took like a yr....not sure what your point is here.....that the deal needed to close like 2 months ago.......why would u think that...at this point we have no idea the terms of the deal.....might not even work out.....uh they announce LOI cuz they are material.....THATS IT......nothing magical about it at all.
uh what joe posted at his site is NOT a fact.....but since u think it is back it up.
1)post the court records...at the very least post the bank account and the garnisher and the amount.
2)post the suit....as far as i know joe has NOT yet sued....and even if he does he being sued by GTEM....so whats your point...if your talking about MS....i believe thats been settled.....othersize post the updated court docs.
3)i believe that one is already done.....new one is national city.....or do i got that backwards.....either way whats your point.....GTEM owes people money....well duh....still not anywhere near a mil now is it.
4)first actual fact
5) & 6) i strongly suggest that u learn how the system works....its being delisted for not reporting which is currently being fixed.....civil penalties is covered by the ins......tho i will agree how much is still somewhat a ?
7) & 8) so what not like they on the streets....it happens when u break your lease.....total cases still under a mil.
9) well u really don't know that for a fact.....but i will agree there is NO COMMERCIAL strat.....just prototypes.
10) so.....total cases still under a mil.
11) so.....total cases still under a mil.
12) so.....apple and many other public companies have been sued by their share holders....for alot more than 2.3 mil i might add.....i would like to point out that SH suing the companies they own....is the same as suing yourself....quite pointless but is does make a lawyer happy that u are that dumb.
13) just goes to show how little DD u have done GTEM did so turn a profit....think it was a whole penny for a Q in 04(maybe end of 03)....this is pretty much where it started....so it went from 10 mil to 400 mil....back to 10 mil.....to be quite frank thats alot better than what most penny stocks do.
14) like u i have no idea where the JV stands....all i know like u is that the P family is continuing it despite all the troubles.....so either the P family likes to waste its time with pointless projects.....or the P family thinks it will work if done right......personally i think its the later.....clearly u think its the former.....well thats your opine.
why more to come.....thats actually a pretty good sumation of things.
huh care to post the proof he lied on the app.....lordy good thing your NOT a fact checker......even in the letter it says NO such thing.......GTEM was NOT under investigation at the time.....SY was under investigation which GTEM was helping in.....read the letter again.......the ins companies are clearly back pedaling.....note that they orginally tried NOT to pay....oops.....got to do a little duck and cover.....NO where in the letter does it ever say GTEM was being investigated by the SEC......its says GTEM was involed in the above investigation....which was about insider trading involving SY.....if i'm the witness to a crime....i will be involved in the investigation.....does NOT MEAN i'm the criminal.....which is what the ins is trying to claim.....since that was in may....as far as we know GTEM said thats bull and fought that ruling and as far as we know the ins changed their minds again......i have pointed this out numerous times know.....won't post it again.....facts are facts......at this point we really have no idea were the ins stands....at a min there is 2 mil left to pay the fines.....should be plenty.....but really won't know until we get there.....this is the end of this topic......unless u just like to babble on endlessly about which u don't know.
"coverage which is being used up at an alarming rate"
once u prove that to be a fact we can continue this nonsense.....otherwise this conversation is pointless.
u really don't know the answer......first there are a ton of uncollected fines handed out by the SEC......i assume that has more to do with the SEC not having much power in collecting the fines as to say they just to lazy to do it.....second GTEM could always tie it up in court for many many yrs if they don't like it......weren't u the one that posted the other case.......they just now got to the court making a ruling.....then u got the whole appeals process.....i would suspect GTEM is either a success or a bust by then......and third this is the most important......the ins will pay for it.....funny how u seem to forget simple stuff.
the russain deal had nothing to do with 2004....nor does the money it raised in sept 2006......i could go on....but its not important.....u see what u want to see.....like i said i was very happy with the 10K.....just would have liked to have seen a little more detail in the lawsuit dept.....i clearly did NOT expect to get it.....its just that they cleaned up some of the stuff brought up by joe.....thought they might have been a little more forth coming on the lawsiuts....not that they had to.....and i can wait....it boils down to this.....the more info i have....the better i can value the company......the reason i didn't buy or sell when it dipped huge on the wells.....is simply cuz i really didn't know what i was buying or selling...it was total guess work......now i got a pretty good idea.....but once i get all the info.....like liabilites(including the lawsiuts)......cash flow........what if anything is coming from magic money......well then i can get put a real value on the company without having to guess......then i can invest accordingly.
agree.....can't complain about the info that was in the 10K.....but there was alot of stuff in subsequent events that had nothing to do with 2004 either.....but i guess since they weren't # related they went ahead and released it....i really didn't expect to find that info in there......but there was alot more info than i thought was gonna be in there....i don't know i kinda felt like.....well GTEM u went this far.....why NOT just come out with the rest of it.....but then again.....its kinda like i said before.....in the grand scheme of things that stuff is just NOT marterial......even one mil in debt collections is NOT a big deal......10 mil shares at current price is 1.5 mil....thats more than enough......and thats still under 10% of the company......i mean like i said i expect dilution......i just don't massive dilution.....like over 50% or above......it does happen....and before i put more money into it i wanted to make sure that wasn't going to happen......still might.....just don't think the odds are very good that it will......cuz u see if i go with that 170 mil est of mine.....will now i got a value.....15 cent times 170 =25.5 mil.......now i think thats a little cheap given the JV......but thats clearly not a given.......if i knew all this stuff for facts i would be investing in GTEM quite heavily......but i don't its alot of assumptions.....thus alot of risk.....thus i play it say for now.....and gamble several K on it.
hehheh.....i already found it....knew it was in there somewhere.....hey crash i like the fact that u don't seem to understand english.....i did NOT say it wasn't in there.....i said i couldn't find it again when i just looked thro it.....iow i like to take things into context.....i sure as heck don't have it memorized....and now that i read it again in context......it means nothing more than it did last time.....its quite meaningless.....if anyone here thinks GTEM is sitting on a big pile of cash your nuts....once it gets ALL the reports out it will raise money....by selling shares.....iow more dilution.....OS is NOT staying at 127 mil....i would be very happy if it only grows by 10-15%....i suspect more like 25%
opps......mide someone already posted it.......its in the 60's.
never mind......page 21 bottom.....but it really doesn't say much other than what we kinda already knew.....this is the kinda stuff i didn't like about the 10K.....one it doesn't have the current lawsuits in it.......nor does it have what it currently owes in regards to them...iow what are the current liabilities(not the same as debt)....but then i guess that stuff goes in the more current Q's......it would appear the company is back to doing what it did before......using shares to pay bills.....would explain the higher share count....GTEM has no bank debt....for one i doubt it could even get a bank to loan it money.....it does have debt of 1 mil at 7% in convertible notes......but that can never make it go BK......can result in alot of dilution...for instance thats 70k a yr in interest.....or about 500k in shares a yr at .15......if it drops to .05.....then thats 1.5 mil shares.....note however thats only 1% of OS....so its not really a big deal......but it does start to add up......would consider the money coming in to be more important.....would like to point out that the .40 was kinda decided awhile ago.....but the fact that they decide to continue anyway does say something......iow they must think that there is some chance in getting their money back.....which means they must think it going above .40.....or there is zero point in the deal......unless i guess they need a tax write off......oh and i would like to point also.....i had orginally hoped for less than 150 mil in OS when all said and done.....looking more like 170 mil.......not bad....i can still live with that.
oh yes its does.......but i couldn't find this in the 10K
We do not have existing capital resources or credit lines available that are sufficient to fund our operations and contractual obligations as presently planned over the next twelve months. Throughout 2006 and continuing into 2007, the Company has been dependent upon monthly funding from its existing debt holders. Funding decisions have typically not extended beyond thirty days at any given time, and the Company does not currently have a defined funding source. Funding delays and uncertainties have seriously damaged vendor relationships, new product development and revenues. In the absence of continued monthly funding by its current debt holders, the Company would have insufficient funds to continue operations. There is no assurance that additional funding from the current debt holders will be available, or available on terms and conditions acceptable to the Company
i would assume its in there somewhere......but i just skimmed thro it and didn't see it.....what page it on?TIA
yea bigsky i don't get it either.....i was in ihub jail so i couldn't post it.....and now its been so long i wondered why nobody has brought it up.......maybe they like us......like watching the morons stumble around in the dark........that 10k was most informative.......it was way better than i had hoped.....yea there were some things i didn't like.....but over all i most happy.......at the very least it answered a ton of questions......maybe a ton of people just missed it.....i know i did......heck and then even when i did notice it i was WTF....and then i realized i read it wrong......oh ok now that makes sense.....really i have little worries about GTEM.....i kinda think its a little undervalued right now......but without the #'s on the JV its just an assumption......the other thing i would like to know is the deal with TOA......but BK is NOT anywhere in sight......definitely adding more shares.....want to get dollar cost under .25 a share......shouldn't be to hard and not really cost that much either.....still a gamble....but at this point i think its a good gamble.
yes odd....i mean it doesn't say mr numbnuts is buying x # of shares at .40.........but it clearly does say that if u know how to read......which even after i told them they still can't find it....oh well sorry bout your luck.......but yes someone is buying shares......alot of them.....over a mil....and yes over .40 apiece.....ITS RIGHT THERE IN THE 10K.....heck u woulda thought the infusion of cash would have been brought up....really did u people read the 10k.....or just skim it.....truly amazing......so glad i didn't post it.....now i get to see your true colors.....btw i'm not going to post it either....in fact if u do figure it out....i suggest u don't post it either.....its time to stand up and be counted.....i'm willing to bet most here won't be counted....cuz they can't count.LOL
its NOT important.....there are 1000's of manufactures that can do the task.....what do i or u care which one it is.....and even if i did know i would never post it......yea just what GTEM needs.....joe calling and screwing with the manufacture.....GTEM has one.....thats all that is needed to know.....clearly with only 7 employees they ain't making them.
i'll leave u with this thought.....someone is paying over .40 a share for GTEM.....its in the 10K.....have fun......can't believe none of u have found that yet.....and u call yourselves investors......or the nothing but facts mama crowd.....well were u at......its looking right into your face and u don't even see it.
uh i think most will say using the media to bash stocks so hedge funds can cover their shorts is WAY THE F OVER BOARD.......overly promotional PR's is a matter of opine....i think people....or they should atleast be smart enough when someone is blowing smoke up their behind........GTEM is NOT corrupt.....it had some corrupt people working for it.....clearly not the same thing.
not what i'm saying either......GTEM is NOT a scam in the true sense of the word......this may be the one that works this time......its goal is to succeed at some point.....i'm just saying it may NOT be taking the most honest path to get there......not saying its an illegal path either.....just a path that well atleast i think is NOT the most honest and moral path......but this is biz......its not like alot don't travel that path.....it is well worn.
well u don't understand cuz thats not what i'm talking about.....tim is NOT going to atleast try......this conversation had nothing to do with the strat....but since u bring it up....the strat was simply bought to fill in a piece for the super hub vision....now once u buy u got to atleast try......u can't just pretend your working on it.....heck why don't u look into why they bought sanswire.....not like it was the only game in town....so why sanswire?.......do u see a strat in the sky?......NO......not as easy as GTEM made it sound was it.......ummmm kinda funny but u guys seem to eat up the magic bullet theory......yea it was just all happenstance......mr owl thinks the ball bounced just a little to funny for it all to be happenstance.......mr owl thinks the ball had some strings on it to bounce like that......but u know if u guys believe in magic......oh well.
point of fact huff has very little shares....those are under options he has......once again u guys are claiming huff is the one that got played.......WHO LOST WHO WON.......joe and uli did NOT and are NOT going to win....they are the losers......huff is the winner here......so why don't u explain how the person who is the one getting played ends up the winner....are u saying huff just really lucky and joe and uli are that inept......really if joe that inept how he get this far.
but lets see.....huff rounds up "a whole posse of respectable BOD members"......but yet when it comes to his own backyard...telcomm.....he goes with joe......really huff has spent his entire life in telcomm and the best guy he knows to run centerline is joe......now who is stretching it.....iow this is what u guys are going with.....huff is a mastermind.....he designs builds and sells his grand vision....gets tons of highly other qualified people to come on board......but yet despite knowing hundreds of others that are better qualified to run centerline.....he goes with joe.....knowing full well of joe past......i'm sorry but huff being a genius one minute but a complete tard when it came to hiring joe....well it doesn't make sense.....has it ever occured to u that huff was NEVER meant to succeed......his plan was to simplely change GTEM direction and get it out of debt......iow how u know this wasn't all about kostro cashing in the caterham shares......buy cheap.....sell on the new huff vision.....watch it all fall apart.....as the emperor wore no clothes.....buy it all back on the cheap again........wash rinse repeat.LOL
that really wasn't what everyone was complaining about.....BoNY did not buy back the shares it mistakenly shorted right away......it bought them back the day after a NY post story came out that blasted the company......iow look at the 7 days after the incident....its quite clear what went on......at this point it only matters if u were actually trading during the time......clearly that did NOT cuz the problems GTEM now faces.....what the complaint was about that if BoNY had to cover without the help of the NY post.....it could have easily driven the price over $2......iow BoNY would have lost alot of money if not for the NY post......given there are now a couple lawsuits against hedge funds claiming this very issue.....it only really matters as far as integrity of the market is concerned.......not really why GTEM is here......it would be here reqardless if NY post never wrote about GTEM.
not my fault kelly cramer a moron......they got paid like 200k a yr as CEO and such....i believe all bonus were paid in stock.....none of the options ever got exercise(nor were any of the shares ever sold) and its highly unlikely they ever will......thus they never ever earned that money.....they lost it just like the SH did.
but there is the rub.....tim didn't get played.....who lost and who gained hotzone.....how u figure tim got played he got hotzone.....not uli....who are perceived as the bad guys....yea uli and joe....not huff.....in order for tim to have lost he had to lose something.......he bowed out gracefully.....when he left market cap was still above were he took it over at......u can say they are cleaning up huffs mess if u like......but lets face it most people see the mess being created by joe NOT huff......the only fault that lies at tims feet is NOT catching joe....which it seems most are willing to let slide......so how u figure in all this tim is the big loser......i would say the big losers are uli and joe......now if u guys are gonna claim they the players and tim the playee.LOL.......how in the heck did tim come out on top then......in my book the winner is the player and the loser is the one that got played......don't know maybe tim just one lucky B and thats how it bounced?.....iow joe and uli such inept players that they out played themselves.....thats always possible neither one strikes me as very bright.....atleast in the common sense dept.
well the ironic part about your post is.....management never cashed in their shares....their options are way under water.....i don't think anyone ever took home more than 200K.....that may seem like alot to u.....but its NOT alot for running a company in this day and age.....we can argue about management getting over paid in general.....but GTEM is not one that has been over paying its management(comparably)....they rode it up....they rode it down...they sold magic money....not really sure how that worked out....meaning i don't think they sold it for a profit....but i don't think they sold it for a lose either.....hard to really say without the reports.....they do have a JV....really u shouldn't act like thats nothing.....if it works its quite valuable...the strat....well its hard to say....not every invention works out....some times u get lucky and the prototype works right off the bat...other times the darn thing never works....i realize the current price does NOT show it.....but the company has moved forward.....its just NOT the path they said they were taking.....honestly folks....its a micro cap....most of them fail....most do NOT become the next MS.....the one thing i have learned about micro cap investing....take your profits when u have them...at some point they will hit a bump in the road....and if u still like it....then u buy in again.....let me put it to u this way.....back in 03 GTEM was a LD company with a dream.....now in 07 its a company with 2 untested unknown products...and one is still in the test stage.....but it still has a dream...will the dream become reality this time....odds are against it....but if it was a sure thing....well it sure wouldn't be selling for .15/share.....its called risk...will GTEM reward that risk....well if we knew the answer this whole investing thing would really be easy now wouldn't it.
nope.....but i have heard/seen him talk.....tho never in person.
ah i do right in english don't i.....ok bad spelling english.....but i said what i said i don't think i need some poster interpreting what i just said......really come up with your own opine.....mine doesn't need interpretation....btw this is NOT about u mide.....i'm not gonna bother with certain posters any more.....tho i guess i kinda just did.LOL
away i could be wrong about huff.....however the time and how everything came together....or didn't come together.....well it seems like the magic bullet theory(kennedy).....now someone not so long ago.....might have been myth busters.....kinda proved it was possible......must admit i was really surprised by the results....not exact but eerily close.....so is it possible that huff didn't know what was going on....yea i just don't think it likely thats all.....look at the time frames......why was the russian deal killed so early.....why pay off the debt in such a hurry.....who knows maybe i'm given huff way to much credit......but it seems huff had a mission....and that mission is not what i think everyone thought it was......i just think huff figured he could fix it.....iow the russain deal served its purpose......now they could move forward and get a new real deal.....i just don't think huff foresaw the amex thing....and that tended to put a damper on things.....plus we now know the SEC was snooping around too.....huff boxed himself into a corner that he couldn't get out of......now i think alot of u just don't want to admit huff could do that kind of stuff.....thats part of his charm.......huff could never be the ax murder.....but isn't that what they always say.LOL......look its not really important if huff was some genius master mind....or thats just how the ball happened to bounce....i just posted it to see if anyone A) had consider it and B) if so do they have any proof......i don't have proof....just a theory......think about it.....just how bad off are the share holders.....if u bought at 2-3 cent.....the SH when huff took over....its now 1 cent....and lets face it u had plently and several opps to book very nice profits.....whose fault would it be for not taking them.....this is most likely why people view huff in a good lite.
uh a reverse stock split does NOT raise money or anything.....it only changes the price of shares cuz it reduces the amount of shares.....it does NOT change market cap in any shape or form.......considering what huff sold those shares for(printing of shares as u call it)....and the current price they going for....and the price they were going for before he took over.....i would call what huff did a master stroke of genuis....can u imagine the OS had he sold the shares down here.....like i said i made alot of money when huff was CEO....and so did alot of other people.....and yea i'm sure alot lost.....but if GTEM becomes a success....then those that lost will be the losers that didn't have the patience to wait it out....the book is NOT writen yet......if GTEM fails...most of the blame will end up at joes feet.....right or wrong thats how history will see it.....joe cooked the books....huff will be seen as the aloof CEO......if GTEM succeeds......huff gets the credit for buying hotzone and sanswire....and getting GTEM out of debt......if he didn't get it out of debt when he did....and in the grand scheme of things it was a very small window.....GTEM would be toast....the preffered SH would now own hotzone and sanswire.....not us......in a way u are correct this is huffs mess......however despite GTEM having a smaller market cap then it did(and thats just this point in time.....it has spent most of the time above)......it has NO debt and much better prospects.....when the final chapter is written......i bet huff comes out smelling like a rose......not saying he deserves to....just that is how history will see it......huff the hero.....joe the crook......uli the moron.
uh the weird fork in the road was taking the day huff became CEO.....it took me awhile to figure it out....but its there if u care to look......its really kinda simple if u think about it......who went down in all this.....joe and uli....who comes out the winner......huff......ok lets say GTEM fails.....ok so huff tried an idea and failed....happens every day....joe might end up in jail and uli still broke.....if GTEM becomes a success.....well who bought hotzone and sansire for a song......yea huff...and what happens to joe and uli....uh still looks like jail and broke....someone said huff gave back his options....i don't think he has....and if he does its cuz he making a play......iow hey yea i screwed up.....i trusted some employees that i shouldn't have......but who cuzed the company troubles in its dark hour.....joe and uli....huff was trying to help out and look at what a nice guy i am....i'm giving back my options.....i wouldn't be surprised one bit if huff comes back in a couple yrs.......no he won't ever be CEO again.....but CTO......oh....well u read it here first.
like i said it depends on your point of view....i see huff as the one doing the playing....take the uli and russian deal.....that requires someone with a brain to pull off.....iow huff KNEW uli was going to play him.....if u know that it makes it easy to play uli.......heres how it works......huff buys hotzone.....knowing full well the russain deal that uli is bringing is bogus....really why else would uli be willing to sell for so cheap.....so huff plays along.....knowing full well uli the tard would NOT read the contract.....see uli thinks he is getting all his shares and he can dump them into the news.....huff pays uli shares in thirds over 3 yrs(btw the last set are NOT even due until next june)......deal is announced.....shares sky rocket.....huff calls inst....makes deal....GTEM now debt free....uli the moron finds out he can't sell his shares into this spike cuz the first set are NOT due until june of 06....uli screwed......russians now have to drag it out until june of 06.....huff no tard.....he knows exactly whats up....plays along.....kills deal in april.....think about it its a 600 mil dollar deal.....yea the russians are jerking u around......but why not rework it.....heck just do one city to start.....but huff know this deal was NEVER going to happen cuz he knew it was a scam from the start......kill the deal and uli shares are worthless....GTEM gets hotzone for a song.....now uli not really happy and is the reason the german network went belly up.....huff not wanting to look like he screwed uli gives him germany.....uli falls for it again.....yea it cost GTEM some money.....but i think if u add it all up GTEM still gets hotzone for a song......now one last play......GTEM has 300k in test gear.....needs to get rid of it.....if u sell it in open market u are NOT going to get value out of it.....so what u do.....call uli the sucker.....give him a deal.....he holds the test gear as collateral.....then u stop paying on the deal....once again uli the moron didn't read his contract.....it clearly states that he gets whatever GTEM shorts him plus 50%....iow they didn't pay him for the last month(this of course assumes uli actually did his part).....so uli gets 40k plus 20k penalty....thats 60k he does NOT get to keep the entire 300k of gear.....iow he now owes GTEM 240k plus his loan of 175k......iow uli owes GTEM 415k.....iow GTEM just sold 300k of gear at appraised value...NOT market value....and GTEM still owes uli 1.3 mil shares(valued at about 200k now).......looks like uli still owes GTEM over 200k.....like i said hotzone for a song.....huff played uli.....not the other way around......now uli thought he was playing huff.....but look at the facts.....who really got screwed in all this.....of course this does assume hotzone is worth something.....i think it is and i think huff did too.
well its possible tim didn't know whats was going on.....but then that would require me to think tim is a moron....i don't so i think tim just conveniently didn't see it.....there isn't going to be any proof one way of the other....its all gonna depend on how u see huff....a naive idiot.....or a very bright guy with a big ego....the play by huff was NOT the retail guys......it was the inst......huff got this company out of mass debt and left it with 2 very promising techs.....i think he always felt that they could sell it to somebody for a very big deal.....iow if not those russians then another group.....and if not russia then another country....say like mexico....the problem his mass ego didn't see is what happens when it all falls apart at the same time....they had alot of overhead now.....and NO income.....its only a matter of time before your stock price goes into a tail spin.....and the lower it goes the more u got to dilute to raise money.....tim didn't see that coming and once it did he didn't know how to fix it....hence the reason peter the ax man was brought in.....if your having trouble raising money....then your only options is to cut overhead.
its a public company......NOT a person.....it doesn't get thrown in jail.....it will get fined.....well assuming it gets its reports up to date......only in extreme casses like anderson does it kill a company.....like it was pointed out the delisting is NOT part of the first part....thats civil only....the delisting is for NOT reporting....thats easily fixed and GTEM is currently doing that.....if the SEC had real plans to kill GTEM...it would have halted trading already.....it hasn't cuz this is fixable and GTEM will carry on....the question is NOT if GTEM will carry on.....its HOW it will carry on.....at this point it looks like the JV is its main point.....until we get the reports we won't know the HOW.
actually it just has to do with centerline....the asset thing seems to be an honest mistake....remember auditors did sign off on that......centerline is totally dif......they padded the #'s.....there is NO way for the auditors to know if u give them bogus info.....its NOT their job to police the company....thats the companies job.....tho this does seem a bit obvious that the auditors probably should have looked into it a little better.....but when it comes to where the buck stops....well thats tim's door......not saying tim should catch the errors.....but it is his job to make sure that someone is looking over the stuff and to make sure that people like joe are NOT in the company breaking the law.....but there are 2 parts....one is the centerline stuff....and remember they did sell shares during the time they reported the bogus #'s(which it appears was NOT an accident).....the other is the fact they are way behind on reporting....the SEC will NOT let any company go forever without reporting....at some point they do have to draw the line.....the centerline stuff is NOT going to get the shares delisted....just fined.....not reporting well that will get them delisted......but its quite clear now that they will report.....its just a matter of time....as long as this doesn't drag on for over 6 months i would assume the sec will drop it.
well since i guess not everyone went to joe's site and downloaded the info....its in the admiral letter page 2.
The SEC'S letter of March 31 made two preliminary requests: (1) that an individual by the name of Sibylle Yakan voluntarily speak with the SEC between April 3-7, 2006: and (2) a complete version of a "privilege log provided to the NASD", The SEC's letter noted: "The U.S. Securities and Exchange Commission is conducting an informal investigation concerning the above-referenced matter."
then there is a list that the sec wanted.....basically it wanted to know who knew what when.....SY was the former PR person....rob took over for her.....SY is the one that PR'd the russian deal NOT rob....u can google her.....she is now selling bird stuff....so i guess she didn't go to jail over it....besides i don't think its a crime to leak the info....its a crime to trade on it....as far as i know there is no way to know who else might have gotten into trouble.....other than its NONE of the current employees cuz we know they do NOT have wells notices.....also note that thro out that letter it always says that "The U.S. Securities and Exchange Commission is conducting an informal investigation concerning the above-referenced matter.".....well the above-referenced matter is SY NOT GTEM.....she was not an officer....she was just an employee that did PR.....this was NOT an investigation into GTEM at the time...its seems it latter turned into that.....it was an investigation into insider trading of GTEM shares....note that does NOT even mean that the SEC even thought anyone at GTEM was involved in it.....just that maybe someone(SY) leaked some info to someone.....and that person traded on it..........maybe cuz the SEC had already spent time and money looking into SY and got no where so they thought they would look into GTEM.....or maybe something GTEM gave them cuzed them concern......or and this is my guess......joe was somehow involved....tho they probably didn't have enough evidence to prove insider trading.....given joes past they had plenty of reason to keep digging.....btw i consider the following to be crooks.....joe, tim, lynch, uli.....joe and lynch were both fired and we know joe has a wells notice.....uli is the one that brought the russian deal to GTEM...which we all know was a scam run by the russians on GTEM not the other way around as some like to post......tim was CEO during this time......tim strikes me as a very bright man......the likely hood of him NOT knowing is a big fat zero......however the likely hood that tim covered his behind so he wouldn't get busted is a given....he'll play the old i'm tech smart....not people smart....i trusted them and they took advantage of that....my guess tim knew what was what....he just pretended he didn't see it......btw none of this really matters as far as GTEM is concerned......but if u every see these guys at another company i would highly recommend that u stay away.
as far as caterham and charterhouse are concerned....since they are NOT american they are NOT required to report their holdings.....only if they over 5%.....so since they are NOT listed as 5%+ holders we can assume they are NOT......they could hold anywhere from 4.9% to 0%, each......there will be no way of knowing and it will NOT be in the reports.....unless at some point during that time they did have 5%.....but as far as i know they never did.
thanx bill......it just gets a little annoying when others who are supposed to be invested in this stock don't seem to have a clue as to whats going on......there was a huge piece of news in the 10K.....and no one has brought it up......and i'm not going to do it.....time some others stepped up to the plate...anyway lets take that ins letter that joe posted......first it was good news......one it clearly shows what a liar joe is.....he said the BOD left cuz there wasn't any ins.....the letter clearly says they were covered until may 17 2007.....next up its start right off saying back in dec coverage was denied under both policies.....now they will cover it....plus we now know that any fines will also be covered.....the only thing in question is what about lawsuits from the centerline thing......well none to worry cuz its either gonna be covered under the 2004 policy or the one they currently have.....tho i get the feeling there won't be any lawsuits over that.....its getting a little late...so the only thing left is the sec fines.....since GTEM is pretty much cooperating with the SEC there will be NO defense.....GTEM will just take its lumps which will be paid by the ins company.....iow that is all over as long as GTEM gets the reports out......then its just a question of if its over 2 mil.....GTEM will be out anything over that.....but i don't see it being over that given what i have seen others fined....but what did everyone have a big yabba do about....GTEM supposedly lying to the ins company....first of all a phone conversation boils done to nothing....just cuz some putz at the ins says jon said that doesn't mean jon said that.....also it amazed me that no one seemed to understand how this all started.....the SEC was NOT investigating GTEM....ITS WAS INVESTIGATING sybille yakan....the former PR person.....apparently sybille was a yakan about the russian deal before it was out....we all thought that there was some weird trading going on and so did the SEC it turns out......what the sec wanted to know from GTEM is who know what and when so they could see if people were trading on inside info leaked by S....if u notice in the letter NO WHERE does it ever say GTEM is being investigated.....they just try to imply that cuz the SEC is asking GTEM about an investigation....if u are the witness to a crime....u will be apart of the investigation.....but u are NOT the one being investigated....so yes GTEM answered truthfully....the ironic thing about this whole thing....is it appears that the SEC decided to dig into GTEM after it looked into S.....iow just like the whole hedge fund thing coming down cuz some girl couldn't keep her mouth shut....looks to be the same with GTEM.LOL