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I disagree with your opinion Nil...to have a PPS of .11 would require accumulation (as you have suggested by some secret big money investors) in order to drive the price 100% from it's current levels.
Accumulation - Volume - Money Flows ....I'm only curious how you think findings of FRAUD will impact these technical factors.
TIA
Right you are Nilremerlin. GTEM.PK lends itself well to fact based analysis. The fact is, it has committed fraud. But don't take my word for it...ask the SEC.
5,000 bucks drives up the price 40%...I'd call it "pent-up demand"!!! Possible Nilremerlin's secret - big money investors???
MBA, is it true that the distinguished Nigerian Oil Barron aka SEO is now building positions in both MOSH & Diomed Holdings?
Please advise before the next Riverboat leaves the station.
TIA
Serious1, you said, "The SEC is not willing to call Globetel a SCAM the SEC is however willing to work with Globetel and is currently working with Globetel."
By working with GTEM.PK do you mean the Securities and Exchange Commission ("SEC") did not intend to file a lawsuit in the United States District Court for the Southern District of Florida against GlobeTel Communications Corp. (the "Company")???
TIA
"Jonathan is CEO now because at present he's the best man for the role"
Nil, I wasn't aware that anyone else was applying for the job?
But why not??? Why wouldn't someone want the job....you get to lead the only .04 cent paradigm shifting Unmanned Aerial Vehicle wave of the Future company in South Florida. You get to respond to... help me out here Nil....14 court ordered default judgements. You get to defend the company in a lawsuit filed by the SEC.....plus the still on-going SEC investigation. You can't use your Amex or Visa card....those have been canceled. You can't use your magic money card cause you gave it away to former insiders. You don't have to worry about those silly Mexican Perlata boys in Hidalgo cause No Mas Cables imploded. You don't have to deal with those pesky PGS Pharmaceutical, Innovative Technology Acquisition Corporation,
Jet View Holdings or Gemini Integrated Financial Services shareholders that you helped to wipe out.
But best of all if you're CEO of Globetel Corp.....YOU GET TO EAT LUNCH WITH MIDE!!!
Nilremerlin, Gosh...you might be right with all the secret big money investors accumulating on the cheap. Have you ever made a Leinwand based investment before?
TIA
Gosh Nilremerlin...looks like a good ole' fashion total meltdown to me. Your stochastics have been outdone by GTEM.PK management failure.
When a one cent decline means a 20% drop in market capitalization....the secret big money investors usually pause to reconsider.
Of course, this is JMHO!
Nerd, you are 100% correct. Thank you for providing guidance to JustFrank.
After Jonny-L throws GTEM.PK into BK are you really going to buy the next South Florida Scam Company?
TIA
I defer to the Wizard of PennyLand....Nilremerlin. He explained yesterday and I quote, " it's secretive big money investors buying in low".
Gotta be da shoez
Nerd, I really shouldn't share this with you but....
according to Nilremerlin "it's secretive big money investors buying in low"..."The "event" details haven't been revealed yet, except thru the obviously high volume, but it's most likely the completion of financials."
Of course some might say that the secretive big money investors are selling out low...then there's the rest of us who realize that there are no big money investors...just small time Penny Stock Mom & Pop's taking it on the chin.
Looks like the meltdown is increasing in speed. Even Modlam's massive purchases can't seem to stem the tide.
Nerd, your comparison is laughable. I suggest you read up on the esteemed barrister's former relationships.
p.s. I'm not aware that the SEC or any governing body prior to the Glass-Steagall Act ever interviewed Mr. Edison concerning his activites.
I guess Jonny-L likes the exposure.
"An investment decision could be riding on your answer."
Do you think the shareholders of the below mentioned companies (who for the record have been vaporized) performed sufficient DD?
Oh yes....the current CEO of Globetel played a role in all of them. Should it concern you? Well, let me put it another way....the below mentioned companies....made themselves available to the general public....raised money via the equity market and dissolved not long after.
Just how could Globetel's CEO manage to be 4 for 4??? Is there a pattern?
Innovative Technology Acquisition Corporation
Jet View Holdings
Gemini Integrated Financial Services
PGS Pharmaceuticals
Cole...I think you'll have to admit...when His Excellency threw in the towel...the paradigm shift - shook.
And to think Glow....if it wasn't for the Internet...there would be no Globetel. Too expensive to have boiler room cold callers talkin' up blimps. And how would they explain the Wells Notice???
Glow...as usual...a very interesting interpretation of the pink sheets.
Thanks,
SOG
Yes, it seems as though some shareholders are throwing in the towel as indicated in today's current 20% PPS drop.
bill77b...perhaps you should email the esteemd faculty member from Stuttgart and ask him?
But while your at it...could you ask him to answer this question:
Where's da money Dr. K????
"The company Cargolifter AG was created in September, 1996 in Wiesbaden, Germany with the goal of offering a logistics service based on point-to point transport of heavy or out sized loads.
This service was based on the development of a heavy lift airship.
On June 7, 2002 the company announced insolvency and proceedings began the following month. The whereabouts of the 300 million euros of shareholder funds, from over 70,000 investors, is still unclear."
TIA
Risk...in more simple terms....just another South Florida Scam Company
Mide, just curious who would share with a common shareholder the status of an account payable for a particular vendor...in this case the audit firm.
TIA
Well Campers...does anybody know the significance of tomorrow (4/09/08)? Why it's the one year anniversary of the paradigm shifting NO MAS CABLES Website!!!!!! Let's throw a parade!!!
"FORT LAUDERDALE, Fla., April 9, 2007 (PRIME NEWSWIRE) -- Following the consummation of the joint venture, No Mas Cables de Mexico S.A. de C.V., with VPN de Mexico S.A. de C.V., GlobeTel Communications Corp. (Pink Sheets:GTEM) introduces a project-specific Web site to provide further information about No Mas Cables de Mexico and the Mexican telephony/Internet market -- www.globetel.net/mexico/index.html."
But like all things from a Wells Notice NANO company it gets better....much better. You see, according to the Director of Investor Relations, the always "right on time" Robert Bleckman...
"The site will also provide periodic updates to GlobeTel shareholders of the joint venture's progress as GlobeTel's proprietary HotZone 4010 technology is installed in new markets throughout Mexico, and as No Mas Cables rolls out its range of products in these markets." Can anyone post the progress updates or is this just a lie?
You say you want more??? Come and get it!!! According to Rob, " we now have a functional and vibrant template from which to build out other project-centric Web sites, which we can roll out as our other projects begin." Have they begun? Is this a veiled reference to TAO / Sanswire??? Isn't Tao headed up by one of the Cargolifter AG guys who have never accounted for investors' 300 million Euros???
I think we should all email GTEM.PK tomorrow and wish them a happy birthday on yet another success story and a free glimpse of what the future will look like.
Cole....when we lost His Excellency we lost our audit committee.
So don't blame management!!!!
Risk...you'd think when the Controller said I don't have 80 million in deposits that perhaps....a red flag should have come up....LOL...oh yes, we're talking about GTEM.PK....just another South Florida NANO scam company.
Oh right...at GTEM.PK receivables (even ones that go uncollected) are worth more than cash.
MeanMike....I will confess, Kostro is the biggest question mark of all regarding GTEM.PK. His involvement pre-dates all things GTEL....think Dr. Jerome Hinton. Anyway, through Kostro's investment vehicle Caterham; the following is an excerpt from a 10QSB SEC Filing, filed by GLOBETEL COMMUNICATIONS CORP on 5/18/2004 -
On April 27, 2004, the Company agreed to sell 1,000 shares of Series B Preferred Stock of GlobeTel Communications Corp. ("GTEL") to Caterham Financial Management, Ltd., a Malaysian company ("Caterham"), for a total of $15 million investment. The Company intends to use $5 million of this investment for working capital and $10 million to purchase two Stored Value Card Data switches.
With respect to the $5 million in working capital, Caterham has agreed to advance $1 million to GTEL on May 7, July 1, September 1, November 1 and December 31. The Agreement provides that Caterham has a 10 day grace period, in which to make any scheduled payments. With respect to the Master Card Data switches, Caterham has agreed to advance an aggregate of $5 million to GTEL to purchase a Stored Value Card Data Switch, which will be located in Miami, Florida and subsequently a second switch will be installed in the Company's Hong Kong operations.
Except for voting rights and conversion rights, each share of Series B Preferred Stock shall have rights that are identical to shares of the Company's common stock. The Series B Preferred Stock issued to Caterham and its nominees will have voting rights equal to 50% plus one share of the Company's authorized shares of common stock for a period of three years beginning on the first closing date an ending three years thereafter, provided that Caterham and/or its nominee have not converted more than 15% of its/their Series B Preferred Stock into the Company's common stock during this time period.
Beginning on the first anniversary after the first closing date and expiring two years thereafter, Caterham and its nominees may convert (in whole or in part) its Series B Preferred Stock into GlobeTel common stock. The 1,000 shares of Series B Preferred Stock, as a class, issued to Caterham and its nominees shall be convertible into that number of shares of the Company's common stock equal to 35% of GlobeTel then issued and outstanding shares (the "Aggregate Conversion Shares") as determined on the date in which Caterham, or one of its nominees, first converts its Series B Preferred Stock into the Company's common stock (the "First Conversion Date"). Each holder of the Series B Preferred Stock will receive shares of GlobeTel aggregate conversion shares based on his pro-rata ownership of the Series B Preferred Stock. Three years after the first closing date, all of the shares of GlobeTel's Series B Preferred Stock which have not converted into GTEL common stock will be automatically converted into shares of GlobeTel's common stock.
I'm beginning to think that the Polish Sausage was swindled and now he is pissed. He wants anything he can get for his stock but is prohibited due to no current financials. Moreover, his investors are probably squeezing him...thus the desperate attempts to make GTEM.PK appear viable.
p.s. It ain't working.
Jet...you're not suggesting that the Pride of St. Louis Community College...Timmy Huff, knew he was inflating numbers via the bogus invoices???
Great...now you want to hold Tim responsible for the same people he pumped to drive up the stock.
Timmy's veracity has never been in question....unless you're talking business.
Risk...another entertaining aspect to this Greek Comedy....paying the auditors...LOL
Gosh....you don't suppose that could be adding to the delay?
WD...they continue to exist for one reason...and one reason only. Kostro holds 9 million shares & little man aka Jonny-L another million. Kostro's holdings increased via the Magic Money loan (another charade put on shareholders)and he wants something, anything for his shares. Can't dump until financials are current. Even better, since everyone and I mean everyone on the street knows this is just another South Florida Scam Company...the kitchen staff...aka Rob Bleckman is powerless to pump the PPS.
WD-40...it's over. IMHO, you and fellow shareholders should start a class action and go after all present and past Board members for not disclosing material facts and asset values.
The corporate shell is worthless and can easily be folded.
BOL
Risk...you're being kind. Look at the track record of the current CEO. Why this guy isn't behind bars...that's the question....and they refer to him as part of "new management".
Quite the impressive Curriculum Vitae Jonny-L sports:
Innovative Technology Acquisition Corporation
Jet View Holdings
Gemini Integrated Financial Services
PGS Pharmaceuticals
Globetel
Will investors ever learn??? Even Riverboat Gamblers should acknowledge the cautionary trail.
I sure hope Peter Khoury has received his well earned severance....all part of managements' efforts to preserve cash & increase shareholder value.
Remember, according to Mide, "Management has secured all proprietary assets of note".
SharkLady...is it really so hard to understand what GTEM.PK is really all about? 2005 was a great year.... if you worked at the top.
An Open Letter to the Board of Directors of GTEM.PK
Mssrs. Leinwand & Kostro,
On behalf of myself and other doubters of your paradigm shifting, wave of the future concern - please provide substantive proof of the following promoted ventures:
Elisra TEAMING Agreement
No Mas Cables
Status of Magic Money Residuals
Sanswire - TAO J.V.
Thanks in advance.
"6. That statement was on the Rubicon website."
The veracity of the COB shouldn't be used to judge a company? Just like Leinwand's PGS Pharmaceuticals....as usual Nerd....the more you try to defend this South Florida NANO company...the more they appear to be just another South Florida Scam Company. Your problem is...only a few folks still believe...everyone else is in on the fix. That's why the stock is approaching total meltdown.
By all means keep defending the not so benevolent dictators of GTEM.PK. Leinwand & Kostro are here for the shareholders...preserving cash while increasing shareholder value. Can't you tell?
"AMEX shoved GlobeTel under the bus because they felt too embarrassed by them"
Come now Nerd...it's not like this company looks anything like: Innovative Technology Acquisition Corporation, Jet View Holdings, Gemini Integrated Financial Services, PGS Pharmaceuticals or Cargolifter AG. I hope you're not suggesting that AMEX thought they were just some run of the mill South Florida Scam Company.
We have Bleckman thus we have transparency.
Nerd....regarding #1...I hope you have written AMEX to explain the SEC relationship, i.e. "it's not an investigation...it's a T E A M I N G Agreement".
Who's next Coasti??? The Court Room Reporter???
Personally I think Mssr. Bleckman is perfect for GTEM.PK. His past experience speaks for itself.
Nuff said.
Can anyone verify whether the much distingusihed Dr. Alice Muntz is still being retained as a consultant as per Shimmi?
"FT. LAUDERDALE, Fla., March 19, 2007 (PRIME NEWSWIRE) -- GlobeTel Communications Corp. (Other OTC:GTEM.PK - News) today announced that it has accepted the resignation of independent director Dr. Alice Muntz, Ph.D. from its Board of Directors. Dr. Muntz will maintain her relationship with the Company as a consultant.
Przemyslaw L. Kostro, Chairman, stated, ``Although Dr. Muntz's own business needs ultimately did not permit the time commitment necessary to serve on the Board, we will continue to benefit from her insight, knowledge and clear thinking as we move deeper into our business plan. I am grateful for her invaluable input to GlobeTel thus far, and I look forward to her continuing to play a part in our future.''