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Oh sorry,
Will DD a lot more carefully.
Lot more interesting.
Moreso cos your taken with it.
later
Hi Wize,
EGMI looks very interesting more so because they seem to have found the loop hole in the law.
As you know the IRS dont like on line gambling at all!
I have seen how well it has done in Gibralter for instance, but a couple of those guys helped set an example to the ibdustry by getting themselves arrested by the US Gov for 'selling' into the States.
The Gov here wasnt getting its cut!
I found GIGM at under 2. But chickenened out. Its now 15.
It was something off a no brainer marketing on line ma jong gambling to a billion people who would bet on which cockroach was the first to a chineese fortune cockie !
So EGMI have beat the system and are covered by Tribal Gambling
Territorial Concessions.
My thought here is are they doing it WITHIN Tribal Lands.
Seems not and so ( and I havent researched this) I would be careful.
If the IRS can grab some guys and haul them in from the UK for trial then they sure can from NY State a lot easier.
Any reason for the drop that you have found. Could it be that the Feds are chalenging them.
But gambling on line is a great industry even more so in a depression for some reason. (I am not so optimistic as you I am afraid).
Interesting and may have a punt not least for a bounce.
The other thing is that if you take a look at GIGM it had a pretty meteoric rise and then flattened out and even tetraced.
I wonder about that and something called playing the price instead of the business. More profit in insider trading than gambling ?
And how are the SEC going to regulate that going on in China or Tribal Lands I wonder ?
Still its early will be back on this later maybe.
Cheers for now.
I hear you Wize,
A salutory lesson I am afraid.
I made a similar comment today having resisted the temptation to post for nigh on 2 years cos noone appreciates a 'told you so'.
But it has been a learning exercise in how to float a dream.
I think most still agree with the concept but apparently it aint ready quite yet.
Meanwhile EGMI?
I gave up with BCON some time ago but then it went .........
What a game this is eh!!
Would appreciate your thoughts however on why the DOW keeps on keeping on while the dollar is tanking.
I know cheaper exports
But what manufacturing base now?
Night and once again good to see you back.
Sorry Wize I give up too.
Well at least I remember it as significant!
The other significance was the ex ambasasador Sir What'isname quitly (pun intended) leaving with a lame excuse!
The exit money chain would be an education if we were ever to find out, though, LOL
I have my thoughts on that.
Gave me a clue Wize,
I think about April 2005 ?
I just remember virtually a one liner.
'Its done' or somesuch.
A classic.
Then look how long it took to die.
Oh come all ye faithful.LOL
I regard GTEM as a real lesson as low has said too.
But just how easy is it to sell a story on the boards?
A cautionary tale indeed.
Wize,
I see the 'painful' subject of GTE/GTEL/GTEM has been raised.
I do remember you posting there when the price topped out at something like $4.35? and stating that was it and the run over.
What a call!
But it was based on your 5/10/20.
I wonder if you can find it and re post for posteriety.
I have tried without luck.
A good example to show proof?
Curioser and curiouser.
Now why wouldnt TAO not go and buy the one taking up space in Per Lindstroms hanger in England since 1998 ?
They could have that for peanuts.
And these are the people who 'invented' the Zeppelin !
To say nothing of the 'Heavylifter' another GMBH project now there's a hanger worth having.
And then there is 'Skydragon' Stuggart U rip off .......
I see the market has reacted accordingly.
No cred. left.
Fun to watch - not a lot - but some.
Hi Wize,
Good to see you back!
Whats the story? been in Iraq or cruising?
What a choice !
best regards
Humm adding to your dubious talents now as an amateur psychcologist now are we !
my what talent.
Lawyer
Pinkie price forecaster.
Grammatarian extraodinaire.
Master orthographer.
Dubios liabler
And King off the 'ad hominem' attacks.
Did you ever learn that to indulge in ad hominm debate was an admission that you had lost?
See Sagan's Rules if you didnt. They should be posted.
Simple really Mr. Monterosso smelt a rat, tasted one, and made sure he was not going to be the scapegoat.
Under the circumstances it seems he holds the moral high ground from what I read.
This diatribe is sad to the extreme.
The writing was on the wall when the Russian con was what it was found out to be - just that.
But what ground it into the ground was that the rest of the Eastern European mob saw how easy it was too make money.
This has been a real learner for some and why I and many others keep our eye in.
Even Low and Wize now and again.
(Look back a couple of years it was Wizetrader who hit it right on the nail when it topped out just over $4.00)
The other herald to smell a rat was Sir Chris - he left double quick and from there ................
Hope springs eternal and denial with GTEM ever so.
Even when solid inside stuff is revealed, and a source for what this board has always craved. It is attacked and denied.
Amazing insight to the workings of a pink punters mind.
And now I am off too float a company that wont produce anything but a good story.
This looks like a 'told it so'. Not so, each to his own, but the rank personality bashing is an admission in itself and it is those who indulge in it whose comments should be dismissed.
Hope springs eternal and GTEM is proof of that.
The vitriol should be reserved for those who deserve it.
The ones who blatantly ran your hopes into the ground and thus denied you off your cash and the rest of us off some potential ground breaking tech and advancement!
Pity you didnt sign up for 'The US Nemesis' too and go fight the Christian Crusade. Vitriolic hypocrites deserve it.
With apologies to the somewhat 'less insane ' but unfortunates remaining.
And the money chain?
No it wasnt Switzerland or Belgium, as some have mistaken it was Luxembourg and the Berlin and Franfurt Bourses!
Thats the exchanges the East European mafia control!
ASnd finally no I will not enter into any further discusssion here I have better things to do.
Good Luck Doc mide and a very few others left now ............
APDRE 0.14 nice call again Tommy - a double.
Thanks
have a good w/e
The connestion (or none now) is that these are the original 'Seahawk' operators back when ...........
have a good w/e
TAMPA, Florida (AP) -- Deep-sea explorers said Friday they have mined what could be the richest shipwreck treasure in history, bringing home 17 tons of colonial-era silver and gold coins from an undisclosed site in the Atlantic Ocean.
Estimated value: $500 million.
A jet chartered by Tampa-based Odyssey Marine Exploration landed in the United States recently with hundreds of plastic containers brimming with coins raised from the ocean floor, Odyssey co-chairman Greg Stemm said. The more than 500,000 pieces are expected to fetch an average of $1,000 each from collectors and investors.
"For this colonial era, I think (the find) is unprecedented," said rare coin expert Nick Bruyer, who examined a batch of coins from the wreck. "I don't know of anything equal or comparable to it."
Citing security concerns, the company declined to release any details about the ship or the wreck site Friday. Stemm said a formal announcement will come later, but court records indicate the coins might come from a 400-year-old ship found off England.
Because the shipwreck was found in a lane where many colonial-era vessels went down, there is still some uncertainty about its nationality, size and age, Stemm said, although evidence points to a specific known shipwreck. The site is beyond the territorial waters or legal jurisdiction of any country, he said.
"Rather than a shout of glee, it's more being able to exhale for the first time in a long time," Stemm said of the haul, by far the biggest in Odyssey's 13-year history.
He wouldn't say if the loot was taken from the same wreck site near the English Channel that Odyssey recently petitioned a federal court for permission to salvage.
In seeking exclusive rights to that site, an Odyssey attorney told a federal judge last fall that the company likely had found the remains of a 17th-century merchant vessel that sank with valuable cargo aboard, about 40 miles off the southwestern tip of England. A judge signed an order granting those rights last month.
Secret project
In keeping with the secretive nature of the project dubbed "Black Swan," Odyssey also isn't talking yet about the types, denominations and country of origin of the coins.
Bruyer said he observed a wide range of varieties and dates of likely uncirculated currency in much better condition than artifacts yielded by most shipwrecks of a similar age.
The Black Swan coins -- mostly silver pieces -- likely will fetch several hundred dollars to several thousand dollars each, with some possibly commanding much more, he said. Value is determined by rarity, condition and the story behind them.
Controlled release of the coins into the market along with their expected high value to collectors likely will keep prices at a premium, he said.
The richest ever shipwreck haul was yielded by the Spanish galleon Nuestra Senora de Atocha, which sank in a hurricane off the Florida Keys in 1622. Treasure-hunting pioneer Mel Fisher found it in 1985, retrieving a reported $400 million in coins and other loot.
Odyssey likely will return to the same spot for more coins and artifacts.
"We have treated this site with kid gloves and the archaeological work done by our team out there is unsurpassed," Odyssey CEO John Morris said. "We are thoroughly documenting and recording the site, which we believe will have immense historical significance."
Publicly traded company
The news is timely for Odyssey, the only publicly traded company of its kind.
The company salvaged more than 50,000 coins and other artifacts from the wreck of the SS Republic off Savannah, Georgia, in 2003, making millions. But Odyssey posted losses in 2005 and 2006 while using its expensive, state-of-the-art ships and deep-water robotic equipment to hunt for the next mother lode.
"The outside world now understands that what we do is a real business and is repeatable and not just a lucky one shot deal," Stemm said. "I don't know of anybody else who has hit more than one economically significant shipwreck."
In January, Odyssey won permission from the Spanish government to resume a suspended search for the wreck of the HMS Sussex, which was leading a British fleet into the Mediterranean Sea for a war against France in 1694 when it sank in a storm off Gibraltar.
Historians believe the 157-foot warship was carrying nine tons of gold coins to buy the loyalty of the Duke of Savoy, a potential ally in southeastern France. Odyssey believes those coins could also fetch more than $500 million.
But under the terms of a historic agreement Odyssey will have to share any finds with the British government. The company will get 80 percent of the first $45 million and about 50 percent of the proceeds thereafter.
Hi Vern, (and all the old GTEM hubbers been a while !!)
Before you consider, as I expect you are, to not post here anymore, which I could well understand and would be another great loss for this board along with Mide and Rocky and a good many others of worth.
Sad to see such ad hominum attacks and downright rudeness.
It shows how much some are hurting sorry to say.
There is something I would like to discuss and air with you.
I am no longer a subsciber so cant PM you here sooo rather than place a personal e mail contact ........
which of your websites is active ?
best regards
Sorry to butt in here guys but you touched on something that has been bugging me here in the US for years now.
Incidentally the mpg isnt a true comparison
A US gallon is less than a UK or EU gallon
the US gallon is 20% less.
However , and this has been my beef here, it looks much worse when you consider that maybe 50% of vehicles in the EU are diesel.
Check out Vauxhalls 1.9 16 valve turbo diesel on the site you linked too.
0-80 mph in what 7 secs
top speed over 130mph !!
and 1/3rd the CO2 emissions of a comparable US auto.
There are stricter emission regs to reach by2008 in the EU
Oh and around 60 mpg for this level of performance (diesel is cheaper in the EU by the way)
KIA have a good turbo range not available in the US as do many others.
Its difficult to see the point of a big guzzling V8 when your only allowed to 'cruise' at 75mph
Have a good w/e
Hi Tommy,
Been watching TRAE all week since your heads up.
Been a little suspicious off the spread and low volume (probably because of the spread.
I think this is an insider sole play. Only the select get in and out.
Cried off it I am afraid. Did you get in?
Have a good w/e
Wize Appeared briefly on the GTE board yesterday.
Nice pick Will !
I beleive Midi has cited HBK as main players before.
Here is a reminder of their involvement in PIPES trading
http://www.thestreet.com/markets/matthewgoldstein/10255157.html
Apparently what emerged in the late 90's as
Death Spiral Bonds are now making a bit of a comeback
http://www.thestreet.com/stocks/brokerages/10284937.html
Dirty game and another way to kill a company and win.
Justa reminder.
I have been caught acouple of times with Co's whom I later found out had entered into desperate death financing deals and its difficult to DD that they are in them. They should be more transaperent about these type of deals.
GTE have declared themselves debt free so presumably no worries here but I get nervous about HBK being involved at all.
Sue the Bank !! LOL
Pleased to hear that.
TRAE sounds and looks nice Tommy but the bid/ask is all over the place.
As if they are deterring trading .
Hence low vol even on that news I guess.
Well not as good (or lucky Jim!) as most but I am afraid I froze like a deer in the headlights when I saw .75.
Checked and checked for news but managed to get in some in the 1.20's
As far as the RB post is concerned there needs to be investigation and regulation of the regulators.
As per the postscipt below.
Yes n
Is this unique Kevin or another Vonage IYO?
Trying to get into in more depth.
The link in the PR doesnt work
Try this
http://www.vozbrasil.com/vozbrasil/
Neat
GLTA
LOL
Sorry not quite awake yet !
Apologies board non event
Need more caffein LOL
Correct me if I am wrong but itseems only very recently has there been mention of a Letter of Intent.
If there was one then it would memorialise the intentions of the parties to enter into a formal contract within a specified time (usually 30 -90 days)if certain conditons were met.
One of those conditions would normally be the condition that a performance bond would be put in place against an advance payment of (usually)10%.
As the Russian stated they would be paying more than 10% as a downpayment. Was the problem with the Russians coming up with the money or the financial institutions reluctance to issue guarantees to a yet unproven company ?
So far GTE have not installed and proven one WIMAX system in a metro area.
This gets curiouser and curiouser.
I want to see that Letter of Intent. So do the lawfirms lining up to sue - it should stop any action.
I also want to see pics of the 'tethered' test which I seem to recall had been announced as completed some time earlier this year.
Is this a re run of last years pain of failed promises.
I hope not. The faith and trust which GTE shareholders have given the company certainly dont deserve that.
Get it up Huff and quick .
Thanks for taking the time to share that Elderwolf
Lots of education in a nutshell.
Thanks ERG,
I would have been suprised if GTE 's 'counsel' had made such a statement.
The 45,000 ft intrigued me too .(Not least cos it may be in jetstream territory there.
If it was said it would been something perhaps significant to put into the 'mix'.
Sirius,
Could you point me to the source of
'GTE's general council stated height record of 45,000 ft '
Thanks
I dont think Cleary come into it except to give valid and authoritive testimony of events since they were instructed.
Cleary came in after the event (THE Announcement).
Until there is more transparency we can only speculate about the other part of your message ie was there beneficial reward.
They had better get that Strat up soon ........
There will be a question of where damages will come from.
If they prove this was misrepresentation the E & O insurers may not cover.
So that brings in the scenario which I will not mention here.
So agreed it may be difficult to recover damages awarded at the end of the day.
Its what damage this continues to cause may well affect viability to perform.
I may be out of date (2004/5) and will look further into it.
Presumably if the limitation has been set at 50 then there will be a load of other law firms filing the same for every 50.
The lead case gets heard and depending on the outcome all the others are decided too.
I understand that the lawyers have been allowed an uplift in their percentage.
From 30% to 40% perhaps they argue with smaller numbers of the class they need a bigger % .
Problem is this,
They will get their lead plaintiff.
One out of 37000 at least will be upset enough to join.
Now as it stands (in law)they will automatically enjoin those on the reg shareholders list on December 22nd. 2005 (I believe that date maybe the one where someone spoke with Tim Huff and was told 'you wont be dissapointed at the end of the month).
So all shareholders of record on that date may be enjoined.
There will be a chance to 'opt out' perhaps later on.
Not sure what grounds there are at present to take suit against the lawyers suing GTE but interested in ideas.
GLTA
Millberg Weiss ?
Know them quite well.
They were up to recently Millberg weiss and Lerach.
Lerach who I have time for split with them under a dark cloud.
GTE need to become transpaent over this otherwise the lawyers will have an increasing 'field day' more will pile into the cravy train and race to make a class.
The silence from the Co. is damning at the moment.
SO simple really
Renuniciation and proof - positive
(We have already had the renunciation but without the 'proof of 'good faith')
Silence - negative
Kinda of a like mind low,
Its a bounce play now.
Question is what will it bounce off.
Indicators are ATF for now at least.
Played this as a bounce a couple of times the last 4 months.
Not too badly.
With nothing from the Co. !!
And vulture lawyers preditating ...........
Anyone want to sin and call a number.
Seabass number is there already ........
Oooops
I saw that LOL
Nice chart though.
I think this might go a couple of days -if they dont all dump at 3.59 .
Guess this is whats up with GSPG
'Gold fever spreads; metal hits 25-year peak at $700 an ounce'
Was just wondering why the little pop
Heres why
http://investor.globetel.net/phoenix.zhtml?c=67726&p=irol-newsArticle&ID=852382&highligh...
GTE response to lawsuit
A fair summary ofthe position grapes IMHO
At the risk of offending our ladies though it has formed a lovely 'pair' !
About the only positive thing one can say at the moment
GLTA
A fair assumption ERG and hopefully a right one.
Hang in there Design,
It will come right I am sure.
But they had better hurry up with the Strat others are on their tail.
I am just waiting to get back in.
There are some mighty big names in this.
Search around 'Carlye Group'
The ultimate 'Beltway Bandits' bar non !
This could become the airship confessional board.LOL
(Apologies low we are hiding from the storm over there.)
I wondered with yesterdays announcment why bring in a structural integrity guy now ?
Surely the 'structure was built (and rebuilt with supposed competant people thats when they brought in Bob Jones).
Has there been yet another structural failure in the Strat.
Its now 120 days + since the announcment of an altitude record in 90 days.
I am full of bad thoughts - its healthier but not too positive.
Uggg