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FWIW I understand your frustrations, but while speaking with Jasmine on the phone yesterday, kind of social conversation, she told me his mailbox was completely full and then just received a call from him, and mentioned that he was swamped and is trying his best to catch up...give the guy a break...he will get back to you with an answer....be patient...may be several days...I am like that too when I go for a vacation and come back and see hundreds of emails and VMs.
Just called AMEX myself and spoke with Pawel Pieczara in marketing and told hm...hey buddy...I have seen T1s for 1 day...but for a 2nd day??? what is up with this? He is researchng and calling me back shortly on my cell (I hope be fore I have to head off to Physical Therapy...can;t answer the phone while in pool therapy...darn)
I will post whatever response I hear back
GLTA
Typical of violation of Reg SHO by a MM when they fail to filfill their obligations.
The Specialist on AMEX controls the market flow on the exchange...these are off-exchange driven MMs. JMHO
The WSJ is not the source of the article...it reprinted the Dow Jones article from a free lance writer who was paid to write it...plain and simple. So what if it reappears and reprints on WSJ?
Take Journalism 101 and then reread the supposed article. Assumptions, allusions, supposed conversations wtih a Chairman of the Board based in London (unquoted directly of course), no lead source from AMEX,......very unprofessional and very sleezy!!!
Boy can you be scammed!
We do not know that...it is asserted as such in the supposed news article..which we know is very suspect.
The only time they should have another PR regarding the Strat. is when this bird is 30 days (at least) into its altitude tests...no sooner IMHO
He would like to think so I am sure....but...nah.
The halt was for a pending material event to be published.
Does a stock listing on a particular market exchange determine the success of a company and it's shareholder value....or is the growing revenues, earnings per share, growing market share, growing customer base (and retention as the company grows) along with growing improvements in its technologies, products, and services?
You tell me!!!!
Didn't think of that.....hmmmmm
But the lawsuits are already baseless and will be thrown out.
Plenty of paper-trails by GTE's attornies in Moscow
http://www.cgsh.com/
will cause a motion for immediate dismissal...and they know it!
Unless the SEC did their jobs and enforced the law and did an audit of the BD's books.
I am sure the lawyers representing GTE in Moscow; Cleary, Gottleib, Steen & Hamiliton
http://www.cgsh.com/
will have all the documentation that AMEX requires.
The journalist is a freelancer...when articals are published by freelancers like him they are paid for. I am surprised you are unaware of that!
agreed! Let's all cool down...and get some sleep.....news tomorrow will be coming...that we are all assured of.
The International Law firm employed by GTE has a full file and paper trail, as well as, meeting minutes and signed LOCs etc....to back up the fact that a deal was in place. No problem. Have you ever heard of Safe Harbor statements at the end of every firm's PRs? Read them sometime.
Well...I cannot say I am an expert in French food as the only extended time I spent in France was for my client (while at EDS) years ago, Fairchild, working for the Steiners who bought and sold factories and businesses in aerospace like it was candy cane....funny how some people can buy and sell businesses at the tip of a hat, but getting them to invest in new infrastructure and computer systems was a long and hard process. Anyway...I spent two weeks at the Hilton along side the Eiffel Tower in Paris and even took a side trip in the country for a few days on a visit to one of the other factories. The food in Paris was...well...so so...but outside Paris in the small villages, it was indeed better.
I actually managed to improve in my conversational French quite well while there! The French will be extremely rude if you are a customer and do not, at least attempt, to order in French....gave me some incentive!
Good Luck...and let's see what Quarterly Earnings brings us...I could not care less what symbol we have or what exchange we are on....what is reported on the financials and notes in the 10Qs is all that matters to me!
Thanks so much and I agree with you!!!!!
The french never could defend their own homeland...it is funny that another "frenchman" wishes to save all of us LONGs.
Maybe the SEC is going after SHORTs like you who naked short outside the DTCC and have FTDs between your Broker/Dealer pals:
http://www.businessjive.com/nss/darkside.html
Hmmmmm.....maybe they are finally doing something about that?
Bon Soir.....
and now joined to my iggy list...welcome!
also paid for
Such invective comments on AMEX when we all really do no know fir sure what the real reason was...yet....for the trading halt. It may be company requested on pending news? I do know that article on Dow Jones was bought and paid for (they always are) and by who we all must wonder? I doubt the sourcing of the information, the reliability and professionalism of the free-lance reporter, and I even doubt he spoke with Dumas at all...not Mr. Dumas's style as a seasoned Wall St./Investment Banking Executive to casually chat and respond to a call to his London home/office (I doubt that even happened) without conferring first with GTE mgt and Board members, the AMEX...and most likely would had said "no comment".
I think the artical is a scam......Let's not blame anyone yet until we have facts.
Building a business (especially 5 lines of business in countries we are dealing with) is no piece of cake. It will be always a Rocky (pun intended) road but I have confidence in the mgt team, the hard working and dedicated employees of this company, and our superb Board of Directors.
GLTA
Copy of my email to you:
We spoke tech stuff....I did not wish to discuss the trade halt with him...not nice when I am trying to build some relationships with other folks there.....but he had a good laugh out of the "going out of business" joking comment I made.....like...yeh right....we have more than enough business and work right now. LOL
I thought his demeanor was very upbeat and positive....which lends me to believe...that they are getting a good chuckle from reading the bashers notes on these boards.
Best to you...have to take my Percoset and do my exercises (hate these home exercises!!!) now.....
Danielle
Rather useless to speculate.
Consider this...our Chairman of the Board, L.Randolph Dumas, is a well known and well connected Wall Street/ Investment banking Exec. and so are our other Board members. We have such board members for their connections and influence they can bring to bear on situations like this ( I am not even convinced that "paid for" article is real....I doubt he spoke with Dumas at all, let alone Dumas saying what the author purported him to say....not his style and he would not make any comments until confiding in Corporate Counsel anyway). The BOD is the oversight for the Management of this company and I am convinced they, along with the senior Executives, will deal with this as they should.
I think this article is a scam like the others...
Get some good sleep...I am....and rely on the recent SHM guidance provided and the hard work all of these dedicated GTE employees are doing for us all!!!
My humble opinion......
Danielle
Just spoke with Joe Monteroso at GTE on the phone
Got him answering after the receptionist left and just introduced myself...he said he was at the SHM...I was not of course....and mentioned to him that the GTE main web sites were down...we chatted a bit on the phone (I was a PM for Call Center integration so we had a few things in common)...while he was speaking with other folks having them check the servers....I had mentioned to him "in jest" saying that, having a trade halt on your company stock , while having your websites down, will cause heart attacks on your 36,000 shareholders...they will have nightmares all night about you guys being out of business. He had a good laugh out of that....saying that is hardly the case...I mentioned to him, in passing that I had been in Tim Huffs office with "mailman" the prior Feb so I was familiar with the office layout...and he corrected me...in fact. they had to move the Execs and some technical staff recently to new space on the second floor in order to use the space on the first floor for the new projects getting ramped up.
Interesting......not concluding anything other than...plenty of work for these guys to do and they are all working very long shifts and into the nights there for us all. Kudos to them!!!!
P.S. Did anyone of you attending the SHM have a chance to speak with him, and what did you understand about his side of the business and the furture pursuits?
Bingo!!!
I agree totally! Dumas would never had said what he was purported (assuming that reported of sorts even spoke with him) tp have said...that is not his style of speech and commentary....go back and listen to him speak at the recent SHM and then read his Letter to Shareholders....and then compare....this was not a comment from Dumas....nor any Chairman of the Board of any company. Not with his quals experience, and reputation.
Does current financial numbers (two divisions reported EPS positive at the recent SHM), products/services (multiple pilot projects) , and business plans have any basis in your thinking?
These are the codes:
http://nasdaqtrader.com/trader/tradingservices/marketwatch/TrdHaltCodes.stm
The trading halts listing:
http://nasdaqtrader.com/asp/TradeHaltShowPage.asp
If this was a regulatory halt by AMEX or the SEC the code would had been:
H.11 Halt - Regulatory Concern Trading is halted in conjunction with another exchange or market for regulatory reasons.
You are assuming that the article was correct and GTE did not ask for the halt....the fact is...as reported...the halt was at the request of the company and not a regulatory halt....you only have this journalist's opinions and speculations with no facts or reliable sources to back up his claims....he may have never even spoken with Dumas in London.
Geezzz folks...get a grip!
FORTUNE500 or "mr doom and gloom".....you are in my ignore list....if you don't like the company...why are you here bashing?
Good Journalism always must have a source and be able to back up that source with at least one second source....the fact that (supposedly) AMEX refused to comment speaks volumes......
You are assuming that "journalist" eveb spoke with Dumas....bg assumption
Paid Off free lance "Journalist" like Jayson & Byron
who are playing games.....right before Earnings....now why would they do this I wonder?
It appears on my Schwab news as well but all Dow Jones news wires appear.....who says the free lance journalist is telling the truth about anything or even had a reputable source?
THINK for yourselves folks!!!!
doctorS...you are absolutely right....this is "another game" being played......
which means????
I just called the GTE office
I spoke with Jasmine, poor woman who is getting a barash of calls....she has the toughest job in that company in times like this....we chatted a bit...socially..I am going through some tough physcial therapy now for my recent back injury....anyway she of course could not divulge much...but she said everyone was presently in meetings.
Mr. Bleckman has been having a barrage of calls with his mailbox full...while I was on the phone with Jasmine in fact, she cut out for a minute to speak with him on another line, and she informed me that he has every intention of returning calls and emails in the order they came to him...as fast as he can.
GLTA
Danielle
I agree,,,it does not add up at all....in fact, there may be something else going on....like perhaps they wish to examine who is professionally shorting this stock in collaboration with journalists PRs....I know for fact that GTE Mgt. has had discussions with SEC and AMEX regulators about this recently.
This may be an interesting "setup"....kind of like a "sting operation"
But...that is my hopeful optimisim speaking....basically we will wait and see.
If this was a regulatory halt it would have been listed as such...the symbol posted by AMEX clearly stated it was at the request of GTE...never trust journalists...who knows if this clown even spoke with Dumas in London?
New release by DJ makes no sense....if it was a trading halt by AMEX and not at the request of the company the symbol would have showed that....something else is in play here.
JMHO.....Danielle
See the Sanswire website:
He is Chairman of Sanswire.
http://www.sanswire.com/management.htm
http://www.sanswire.com/profiles/ricksearfoss.html
and the website was updated recenty by the way.
Where and with whom he is speaking is anyone's guess. I must assume he is a bit busy let's say.
GLTU
Danielle