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I pick 2 ish for the announcement.
Every time Motley smells either a postive news release ahead of time or sees the halt they seem to want to make sure even if it is positve to knock it down a bit first.
I don't think the news is bad but - I don't think it will pop it more than .10 - .25 before it seeps down again until the news for the qtr and news on the atrat later in the summer somes out..
I have had phone calls with Charles Morgan as well and I found them ot be professional and helpful - JMHO. But to each person - they need to find their own comfort level.
Sometimes you can miss out on a good opportunity by not taking the time to listen.
I expect that they won't release until the quarterlies the exact numbers - however - they have provided guidance in the past and did tell us in May that one division was profitable and at the shareholder meeting that the other division had hit profitability, so some of us had half hoped for some early news bite with that info.
Realizing that they probably won't release the news until the quarterlies...
The share price movement seemed directly following the large end of day share transaction last week - whether it was a transaction to help out some short seller or some other transaction, in a time of no news to be released it changed the dynamic of the SP - causing movement.
I would like to hear a NR confirming the profitability targets would be reached for the second quarter, but as noted for the shareholder meeting - Huff was under a lot of new legal pressure not to answer certain questions, and I think that Dumas is now advising strongly that all future NR will be of a more solid nature and possibly that they won'r release the news result on the goals for the 2nd qtr until the 2nd qtr filing.
One final thought on why no news will come out before the filing - GTE is hoping that they can announce that they got the stratellite out within the next few weeks before then, they can avoid the negative reaction to one goal not being reached.
It was stated and discussed that two of the three were on track to be achieved, and we know that the stratellite had a construction delay.
I totally agree with your expectation that if they could tell us how their dividison were being profitable in May then my advice and expectation is that they would give us the early indication that they hit their two targets on profitability.
The market knows that they will not have the Stratellite testing due to the delay.
Then they can still provide the exact numbers once they tally up their numbers.
If they do not release early guidance, then I will continue to hold long but expect weakness in the SP until that news comes out. As an investor, I can't cry about it.
I also got a letter today on this issue about information on stock ownership etc and will check with my brokers next week.
3/31/06 letter to shareholders re Centerline:
"profitability is expected to continue to increase over the course of this coming year— stabilizing at what we anticipate will be a gross profit margin something on the order of $500,000 to $750,000 per month.
Looks like they are hitting on Centerline targets!
4.2 million profitability I assume is 350,000 * 12 months.
I consider that if they just hit profitability on 5/10 that means to "exceed $350 for the qtr" that amount will be the last month. But I additionally think that if they hit profitability on 5/10 that on 4/1 through 5/9 they were not profitable and therefore to hit the exceed 350 for the qtr they have to exceed the loss from4/1 - 5/10 by $350,000.
Just supposing that then, they might need to cover anywhere from 50 - 150+ maybe even 350 of loss to hit the $350 profit.
Without knowledge of this - I can only guess that the number for the qtr of profit for the month of June will be between 500 - 700 thousand. that translates into $6 to $6.4 million profit for the twelve months 6/06 to 5/07.
Lastly, if you take their month to month business growth for centerline into consideration - well that would seem to blow the numbers by double at least as they have been growing at least by that much to date.
My guess of Revenue of $30M with loss of $1 million or less.
And I think 1st qtr will be released after hours today or mid morning tomorrow.
JMHO 1st Quarter results on monday will be the answer to MF = a great 1st quarter - with growth in revenues and details of deals in the 1st quarter.
Shorts might get antsy late today.
It had been posted before that Bob Jones and Tim Huff were the two partners in Apogeo. I will look for the posting on that.
Interesting opinion on the news today at
http://www.upsidesurprise.com/
"Didn't see this headline run by on your terminal today?
Neither did the vast majority of investors. GTE put out this release today but didn't dissemenate the release via their usual outlet, BusinessWire.
Why would the company go through the trouble of writing a press release but not disseminate it into the markets?
Perhaps the regulators have begun to take an interest in the company. I had heard a rumor from a good source that the March 17th stock halt and subsequent press release was delayed by the American Stock Exchange, which wanted to review the claims in the release before it was put out. Perhaps the Amex took a look at this release and declined to sign off on it, prompting the company to release it only on its' own website?
Hmm, now wouldn't that be interesting..."
They have been releasing news on thursday and fridays more recently. Thinking with the low shares trading that news coming this thursday / friday.
I had a question on options - I have some july 2.50 options and wondered how to figure out when to sell - I was thinking around 3.20 or so after news but with it dependent on GTE's activity. It would be great to make a couple of bucks if SP goes to 4.50 again.
I haven't seen anyones charts lately on where they expect the price range to run in.
Thanks
I heard that Motley Fool had another **** artile on GTE on Friday - but can't find a link to it. Just want to keep up on the negative sides of it. Long and strong GTE
Letter of credit question
Has anyone seen info on what kind of letter of credit GTE is getting - I read several posts and there are lots of different kinds of letter of credit.
What does anyone think happens when they get the letter of credit next week ( but it is not cash ? right )
Then they have to do some more paperwork to get the cash?
Does anyone think that bashers and motley fool will hammer again?
Just trying not to get suprised next week when substance of news comes out.
Thanks all
I might have missed the discussion on this - yesterday as always I looked here and other places for info and updates and only saw the article on GlobetelX.
Today is shows the news item on SirCharles droping out as chariman but dated yesterdays date - feb 16 - not today's. Whas this released yesterday or just an error on the posting?
Fantastic find - do you have a link to the article?
I am waiting to see what follows from GTE - the last time MF posted was just before GTE's announcements on Friday and the following monday.
I am wondering if this release and the other were timed to hit GTE share price before the announcement?
If a strong PR comes out from GTE today - tomorrow then I will wonder if someone is playing games.
No article in barrons yet
Still waiting for those articles.
I have got to believe that the run up to 4.40 was due to advance knowledge of news on some big deal/s. But the PR not coming out nade things soft. I see the support at 3.73 and hopefully it doesn't go through that. After that I see 4.14 or so as the next support level which hopefully a PR would help it go through.
Rich
I can only say that all your questions are excellent - I have been with GTE for some time and expect that Huff will be able to complete all these transactions s- some by year end and some by early first quarter.
But as to my opinion.....
Based on successes in the military demo and the commercial demo soon to go up I believe that they will be able to get the investment backing of banks for GTE to use in building the strattelites.
Thanks Rocky for the update on CGI - I am trying to understand the impact or meaning of what was going on behind the scenes. I am trying to figure if this wasa good deal for GTE or if it just did not work out?
What are your thoughts?
What did we get out of CGI?
What is the effect of this transaction on our balance sheet, financials in general) i.e. did we get rid of drain on GTE $,resources and time)
Positive or negative reactions to this news?
Thanks
Rich
Anyone recommend wizetrade or any other software to help in tracking stock and trading?
Thanks
Rich
Hey just to let you know , I appreciate your posts on ta and rate you pretty pretty high.
I read your posts and charts very carefully.
Thanks again
Thanks for that info - It clears up my worries - EOM
Re institutional activity - I was wondering if anyone can tell whether GTE's lower price drops it off the Russell 2000 for the quarter? I realize that a lot of the institutional buying was for funds which had to buy shares in the Russell 2000.
Any thoughts would help. I am assuming that the listing would have been determined at the beginning of the month of september and we would have had info on it before now as we did when it was getting listed in June.
Great links - thanks
Your chart looks right on - thanks
airships on history channel
I just watched a show on the history of the airships and how up to today they have not been used any more on the history channel. I got goosebumps as the last 15 minutes showed the "resurgence of the airship" They discussed the Japanese effort as wellas mentioning variously how the U.S. military has got a keen interest in it. The mentinoed the project that Lockeed is working on with computer simulations of how it might work as part of the missle defense system. Finally they also mentioned a German plan to set up I think 15 airships to cover the country of Germany.
These are the times when it will be rebroadcast as the title.
"Forced Landing: Conclusion"
These are East coast broadcast times:
4 - 5 p.m today
4 - 5 a.m. Monday
9 - 10 p.m. Tuesday
1 - 2 a.m. Wednesday
I think that a pr tomorrow would be on target based on the following - if GTE is part of Russell 2000, I believe that it would get preliminary announcement a week ahead of the 6/24 which makes it tomorrow.
I know there is a rule which states that trades need to be completed something like a week ahead of the quarter close to be included in a portfolio. (someone else posted that previously)
There have been no further updates on the Russell 2000 lately. I expect at least 5 % increase tomorrow if the p.r. announcement is made in the morning.
To be a little more elaborate - I agree with Rocky's statement on 144's selling, but I asked a broker friend who deals with a lot of selling of 144's and he said that these shares could have been spread out and sold over a day or two more and a) not drive the price down b)that would have got the 144 holders up to a $1 more per share.
I have had 144 shares in my past - and no matter how hard up I have been, I would not throw $1 a share away times 600,000 shares just to wait a few more days.
Anyway - that's just my experience and opinion.
This was the filers I had been looking for - these shares were most probably the ones sold during the 6/1 and after period which drove GTE's price down.
Rocky - I had a hunch and went looking all over your site and the last GTEL filing to see if I could find something I thought I had read somewhere.
I did not find what I was looking for - which was to see if there had been some financing which specifically had been holding to May 31 of this year or something like that to see if maybe the heavy selling volume that took us down was due to their dump/selling their shares (even if for a legitimate reason).
My question was if you remembered any financing like that?
Thanks Rocky for the great numbers crunch on users. I have been working on that similar kind of crunching - actually just taking the world population and multilplying a portion of them as potential customers and the numbers are astronomical. However as you said, that is dependent on getting all the testing, the right coordination of effort to get a viable product for sale.
And as Huff said in his AMEX interview they are looking to provide service at $5 - which would be a) affordable to the world and b)extremely competetive - actually no one else could match that price at this time.....and make a profit.
I agree with the questions on today's drop. However if you were around at least 5 years you would have seen this happen so often - precipitous drops with or without news. And later is goes back up. So while always worrying that each drop could be a real indicator of problems, I also have come to realize that as a growing start up company, still acquiring and developing technology and all the business parts needed and especially with Huff's record with MCI and Sprint that long term prospects for GTE get better every day.
So I call my broker each time there is a drop like today, and unless he tells me different, I stick the course. Each must find there own comfort level.
GTE #1 on AMEX VOLUME list! Hope it stays there for today!
eom
Are there links to what happens to stocks listed on the Russell 2000. I mean to say, if GTE gets on the Russell 2000 then will certain funds be forced to buy for their funds? Or if there are no funds like that, then what is the expectation that funds or others will begin to trade in GTE after listing on the Russell 2000.
I am trying to get a real understanding on whether there is hype to being listed or is it more that GTE now has become a respected stock with the label of Russell 2000.
I hope there can be a healthy discussion of this potential event.