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rankin2323, FWIW, I just posted this over on RB. http://ragingbull.lycos.com/mboard/boards.cgi?board=SNWR&read=3007
Sled Dog, an earlier poster mentioned GLE as an example of a stock trading under $1 being approved for AMEX listing, sans reverse split. Sho nuff..... http://biz.yahoo.com/bw/050223/235074_1.html
Vern and the Hindenburg .........In one of Vern Koenig's posts on Raging Bull, he talked about the Hindenburg. http://ragingbull.lycos.com/mboard/boards.cgi?board=GTEL&read=235093
Danielle, I agree with Rocky about the posted trades "after hours", or in other words, "Zzzzzzzz". In fact, I'm not one to watch trades during the day. Today, I checked the pps about 3 hrs into the trading day, then again about 10 minutes after the close. For now, that's good enough for me. My target price is 50 cents, which basically means that if and when it hits that price, I'll start watching "things" a bit more closely. As for people talking about after hours trading, I posted some prior thoughts about this last night. On these boards, and especially with GTEL heating up these days, some posters like to intimate that a late-posted trade suggests that "someone in the know" is either dumping or loading up after the bell, which is simply a crock. So, to try and inform the misinformed, and also clarify things a bit for myself, I called up Charles Schwab tonight (I've had an account there for 10 years), and spoke with a guy who's a manager in their after hours trading department. He was VERY talkative and full of interesting information about after hours trading. To summarize, OTCBB stocks under $1 very rarely trade after hours, if ever. He pointed out that there are stocks that trade for $20 or more on the OTC, and those were more likely to trade AH, but still a rarity. But one thing he said was for certain, any trades you see posted between 16:00 and 16:15 hrs are NOT after hours trades. He stated that AH trading does not begin until 16:15 hrs, so anything posted before then and after 16:00 is a trade that occurred earlier in the trading day that was simply posted late. Also, he confirmed my comments from last night that those late trades, such as the 2.8M trade from yesterday, was very possibly a large number of independent trades at that particular price that were simply added together and posted as one trade. I asked if those late trades could have even come from the previous day, and he said, unlikely, but yes, possible. Nothing that's going to determine our success or failure with GTEL, but still hopefully clears up some misconceptions concerning trading, both during and after hours...........Remember back when naysayers were claiming that GTEL's pps would never leave the single-digits due to the huge O/S? Not only did GTEL spike 15 cents in one week, the pps is now moving pennies INTRADAY! This week we had a high-low swing of nearly 10 cents during one trading session. This fact, along with the big increase in daily volume/per capita trades (costs you $60,000 to buy "just" 200K shares), says that we could see, IMO, GTEL's pps double in one day, given the right set of circumstances (news). Maybe next week? :) Have a good weekend. Steve
After hours trading? No such thing with Pink Sheet or OTCBB stocks, without exception!! Many years ago on Raging Bull, I got into a discussion about the subject with someone who claimed he used to work as a market maker. He even had links to back up much of what he was saying. There's a certain term for trades that are registered after market-close. Interestingly, these trades can also be COMBINED by MM's when listed, and could even have occurred in a previous day. In other words, that 2.8M trade, could have been 4 different 700,000 trades, or 7 different 400,000 trades, or any other combination that added up to 2.8M. And, it's even possible, that some, or all of that action, took place another day, such as yesterday. If RB/Lycos hadn't removed a lot of the old posts on RB, I could have easily found (the discussion took place on the WLGS/UCSY board) those posts where I was given this info years ago. Bottom line, forget about anything you see after hours with OTCBB stocks.
After watching what GTEL's pps did last Friday, and especially today, all without benefit of any PR-catalyst, I'd say Huff's supposed-remarks over the phone to a calling-shareholder last week apparently has some merit. Exciting times for GTEL'ers. http://www.investorshub.com/boards/read_msg.asp?message_id=5317038
muskyhunter, in case you missed my response to your RB post...... http://ragingbull.lycos.com/mboard/boards.cgi?board=GTEL&read=261671 Rocky provided a much more detailed-type response for your friend, but I prefer the "NOW what do you have to say?" approach. LOL Either way, best of luck. And don't let the Raging Bull cold shoulder/everybody's-a-basher brigade bother you. There are some good folks over there, but your timing this morning was such that you happened to run across a few "pinwheels and nimrods", if you will. :) Take care. Steve
Rocky, thanks for taking the time to reply to my post concerning the possibility of a future R/S in GTEL's stock. I think we all hope that GTEL eventually exceeds $1 in price, and then some, without benefit of any R/S. And that very well could happen. But I think discussing the other scenarios is good food-for-thought, just in case. I hate reverse splits for the obvious reasons, with the most obvious being loss of leverage. Currently, any 1 cent increase in GTEL's pps adds $4,000 to my portfolio's value. That's the kind of sequential appreciation we're all looking for when we go searching for the next Microsoft via the OTCBB. Even failing in our search, those $4,000 pops per 1 cent gain are exclusive to the leverage obtained by buying hundreds of thousands of shares, which of course brings us back to why we're all here in the first place, and precisely why the words "reverse split" are so dreaded by penny stock players. I usually sell when any R/S is announced, but in rare cases I will "stick around" if I believe the company has a chance for extraordinary appreciation and accomplishments in the future. Not long ago, I held through a 1 for 60 R/S that reduced my holdings from 120,000 shares to 2,000 in what is now WDWT (formerly VPTI). My total investment is around $2,000, so I'm doing well with the pps sitting in the $3's, but at .15 pre-split, I could have cashed-in for a bigger payday by selling before the R/S took place. I decided to hold for the long haul, hoping that I'm right about their future chances. As I stated earlier, I believe that GTEL might have to R/S their shares to get to the AMEX, despite what Huff has stated in the past. Getting off the OTCBB is more to increase a company's stature and image in the investment community, which also brings-about financing opportunities that do not exist when the OTCBB is "home" for the company in question. I mentioned that QMM moved from the OTCBB to the AMEX, with a R/S coming just before their move. The primary motivation was access to additional funding, as evidenced in these two PR's http://www.qcomm.com/press_2003/p_jun06_2003.html http://www.qcomm.com/press_2003/p_jun24_2003.html It was also mentioned that a R/S was neccessary to make the jump to the AMEX from the OTCBB. I honestly don't believe you'll see GTEL suddenly trading on the AMEX for .12, if approved by AMEX for listing. That's JMO. Also, for those who believe that an AMEX listing will boost GTEL's pps AFTER they're listed, take note of what QMM has done in the year and a half since their intial move from the OTCBB. Their revenues have increased, but they continue to burn money without making a profit, and their pps has done nothing but steadily decline.........Rocky, you and I have usually been on the same page when it comes to GTEL, and that has not changed a bit to this point. I'm really excited about their chances to succeed, and dollar signs are dancing in my head like never before. At the same time, I've experienced a few huge disappointments before with my penny stock ventures over the years, so I try and keep those times in mind, R/S or no, as the new year begins with GTEL. Thanks again for your detailed thoughts, and enjoy the rest of your weekend. Steve
Rocky, this morning over on RB, another "word-crime" was committed when the words "reverse split" were once again typed for all to read, this time by a new poster asking for honest opinions. While I can understand why most investors cringe at the thought of a R/S, myself included, I can't understand why so many choose to ignore the possibility of that happening with GTEL? Management has NEVER said never to a R/S, and frankly, I would not be shocked if GTEL announced a R/S in the near future. It's interesting that management has finally applied to the AMEX, even though Huff commented last summer that GTEL could move to the AMEX despite their extremely low pps. If so, why didn't they make that move immediately? Since approval takes a few months, their recent application would take us to the approximate time of the Stratellite testing (March) for an answer from AMEX. If the news is all good between now and then, a pps in the .50 area is not that far-fetched, IMO. If that indeed was the case, a 1 for 10 R/S would take GTEL's pps to $5, and also reduce the O/S to approximately 100 million shares. In my case, that would also reduce my holdings to 40,000 shares. My question is, would all that be that bad a thing to deal with? This totally hypothetical situation has crossed my mind more and more lately, given the AMEX application. Rocky, regardless of Huff's comments last summer, I have never seen an OTCBB stock trading as cheaply as GTEL is now, move to one of the three major exchanges. Never! But at $5? Without question, yes. I owned stock in QCCM that traded on the OTCBB for about .50, then did a 1 for 15 R/S and moved to the AMEX a year or so ago. It now trades as QMM. Having said all this, I'm not sure I'd continue to hold through a R/S with GTEL. Afterall, at .50, my 400K shares would be worth $200K. But at $5, trading on the AMEX, with "only" 100 million O/S, and increasing revenues (and profitability?), I'd certainly have to at least ponder the entire picture and future potential. Opinions? Would a R/S under my scenario cause you to sell? Needless to say, the upcoming days and months are going to get very interesting with regards to GTEL.
Rock, because of disclosure rules, I wouldn't expect "juicy" responses from a first rate, competent, management team (hopefully one day GTEL will qualify as such). In fact, I like the "loose-lips sink ships" approach. I don't mind lengthy stretches without news, either. In the end, it all boils down to having confidence that management is hard working, smart, and honest. That can be a tough combination to uncover in an OTCBB stock, but if found, the potential to make lots of money from where we sit (common shareholders) is strong, considering the price of most OTCBB companies in their infancy. I don't like the fact that GTEL apparently told "modlam", and probably a few select-others, that Vern did post on RB, but to not say anything to others. I'm not naive when it comes to the stock market, and how things work (insider information, etc.....What Martha Stewart did happens ALL THE TIME, but usually next-to-impossible to prove), but when I'm one of the shareholders left on the outside, looking in, it pizzzzzes me off, even if it doesn't materially effect my investment in the long run. Otherwise, after all of the "wait 'till next year" episodes with ADGI/GTEL, we've finally come to the "next year" that will tell the tale. If it's not happening in 2005 for GTEL, it's not happening, PERIOD. I remain optimistic that our patience will finally be rewarded (I'm talking substantially rewarded) over the next 13 months...........Jimmy posting on RB? Hmmmmmmm........Never considered that one. Maybe "mygoldpoints"? LOL If I uncover Jimmy (no pun intended), I'll let you know. :) Ciao
Rock, I was hoping for a more definitive, or shall we say, "jucier", answer, but thanks anyway. I guess in absence of confirmation from GTEL management, the "Mystery of 'Vernonkoenig'", continues. Frankly, I'm tired of all the dead-end alleys......I think I'll start working on something else.......Rock, you don't happen to know what REALLY happened to Jimmy, do you ( http://www.crimelibrary.com/notorious_murders/famous/jimmy_hoffa/1.html )? :) Have a good one! Steve
Rock, I've posted a few times recently over on RB in regards to the "Is RB-Vern indeed GTEL-Vern?" subject. Even though I'm 100% convinced that THE Vern Koenig posted a total of 12 posts under the username "vernonkoenig" over on RB, I've yet to read a response, either from management, or from a poster who contacted management, that verified whether or not GTEL's Vern Koenig ever posted on Raging Bull. After reading your post here, I'm assuming that you were able to answer this question for your own benefit? If so, care to share your findings? Thanks. Steve
The "Berlin Express to Shortsville"? LOL The subject of naked-shorting as it pertains to the Berlin Stock Exchange and OTCBB stocks is quite interesting, especially considering how naked-shorting on the OTCBB has supposedly been running rampant for the last, what, say, 500 years? LOL And now that Regulation SHO has come to the rescue (LOL), the only "culprit" left are those despicable shortsellers in Berlin?? Please! Unfortunately, the OTCBB is still the OTCBB. If ADGI/GTEL has survived all these years as an OTCBB-shorted-to-heck company, I'm sure they'll somehow manage to keep afloat, even with Berlin now out after them. LOL IMO, this Berlin shortseller "problem" is nothing more than a lame excuse for a majority of these OTCBB companies to use as a reason/explanation for the continued poor performance of their respective shareprices. As an example, read this PR from Ecuity (ECUI) which was issued back on July 1 http://biz.yahoo.com/prnews/040701/to067_2.html At the time, ECUI was trading at 6 cents a share. Now, take a look at their pps performance SINCE being removed from the Berlin Exchange http://finance.yahoo.com/q/hp?s=ECUI.OB Good thing they got off that Berlin sucker, eh? LOL In reality (IMO), the reason their pps had been falling, and continues to fall, is the toxic financing agreement they signed last year with an outfit called Cornell Capital Partners, L.P. And Cornell does business right here in the big US of A, many many plane hours from Germany. IMO, Berlin is the least of GTEL's worries. If GTEL delivers the news we all are hoping for over the coming days, weeks, and months, the "Berlin Express to Shortsville" will be choo-chooing along with few passengers aboard. LOL
Rock, thanks for the welcome. I don't read these boards as often as I did in the past, but when I do I always enjoy reading what you have to say. You've long ago (Raging Bull) won my respect as someone who's both honest and forthright with his thoughts about GTEL, and anything else, for that matter. I'd also like to add that I've come across many other "good people" during my ADGI/GTEL message board travails of the last 4 or 5 years. That, combined with my financial success, has made the aforementioned period well worth my time. Rock, the info you've posted here on I-Hub has helped many GTEL investors, I'm sure. Here's hoping that your time and patience is well rewarded ($$$) in the end. And that goes for all those other "good people", as well. Take care. :) Steve
pitbull, I'm happy to read that the words "reality" and "realistic" are an important part of your GTEL-lexicon. In that regard, could you please explain how the term "rs" (reverse split) is "bs"? Isn't a reverse split just one of many stock market machinations that take place from time-to-time, from the Pink Sheets to the NYSE? While a "rs" might not be a welcomed-sight for investors, the procedure is nonetheless very real, and very much a part of investing in the stock market. Since you enjoy reading posts on both the pros and cons of your investment (GTEL), how can you tell "henn" that "reality" and "realistic" is good, then in almost the same breath say "please refrain from the rs bs here"? With GTEL's large OS that accompanies their sub-$1 pps, the argument for a "rs" in the future, while not shareholder-friendly, is still a very "realistic" argument that deals with what might become "reality" somewhere down the road (management has never-said-NEVER to the possibility of a future "rs"). Reverse split or not, "henn's" mention of the term deals very much with potential "reality", and is hardly "bs". Some posters don't enjoy reading "herd", while you don't enjoy reading about "rs". While you're welcome to join the crowd (message likes/dislikes), your attempt to differentiate "reality" from "bs" failed miserably. Ciao