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Thank you Mide for taking the time in keeping us informed.
"Bonn was released because he did not follow through on marketing execution in Germany. He set it up, but did not initiate marketing to bring in revenue. Again, under the new helm of Ziggy, things are moving on the marketing side, at a much faster pace."
So Bonn was so lazy and ignorant that once he had "set it up" he didn't get the part where it is supposed to start making money now. Must not have read the PR that said there would be customers by the 18th (after counting out the days stated) No, instead he files bk. What a wad. My bet is he ran out of money. So now marketing is moving at a much faster pace. Dead stop is much faster than going backwards, I suppose. Hey, I wouldn't be on this tack if not for his own track record for this kind of thing.
No, but I am earnest. Viva la lima.
Exactly... and while I'm being frank, I'm a little concerned if it is Huff and not someone else leading the charge. I'd hate to see him over promising and under delivering to the very important people down there. After all, that is what he did to a very important person up here, namely me. As CTO, I trust he is being utilized to design communications systems and someone else handling the negotiations. But in any event, as you say, what the frig is happening?
If a deal comes through from Mexico, that will be the beef all right. Fresh salsa with cilantro and cumin on the side, please.
Too many here regard the company as something like a soufle in the oven. "Don't say anything bad or the soufle will fall and we won't have a tasty desert" Huff was very successful for awhile at adding the delicate ingredients that when taken together and cooked in the message board oven would rise and look delicious through the window in the oven door. Then the door got thrown open by the internafta and other failures and the soufle fell to the bottom of the pan. That is where it sits today. All credibillity is gone but there are still those who want to see sp rise on top of a newly concocted delicate soufle. I want beef. I'm sick of soufle. Beef doesn't rise or fall. Good red meat feeds the bulldog. Where's the beef?
Glow_beatle...when I read you and many others talk about how AMEX did it to us, and especially when I read that it was retaliation for the complaints that were lodged, I just ask, 'whatever happened to street-smarts?' Call me cynical, but if what you're saying is true, then these guys didn't understand the game they were playing and they got handed their heads! Maybe if they had known what they were doing, they would have never gone to the AMEX in the first place. I remember I was excited about it and told one of my older, more experienced friends and he said "oh no, not the AMEX".
trunkmonk...I'll agree with taking responsibility for myself, but being smart and working hard isn't an excuse for failure. If all had gone wonderfully he would have received all the glory and I would have been praising him to the stratosphere. So by the same token he is square in the center of criticism for the way things turned out, which is more like a stratophart. (oops, excuse me)
mide...I did blast Rob's words in the info he provided to you and that you in turn reported to the board. However, I do not hold you responsible for what he told you and I certainly do not feel that you should not have reported it. I can also understand that you would prefer to stay out of the line of fire in the future by simply avoiding transmitting his messages.
I might also add that I will not be calling him myself because I simply do not trust him.
Thanks for all you have contributed and I look forward to reading more in the future.
So apparently the reality of Rob's remark to the affect that a partner was in the works that was 'far superior' (this as relayed to the board through Mide) to FSS is one that will take the cash burn off Globetel. Like I said at the time, saying something is far superior to the level of benefit of the FSS 'deal' is merely stating that nothing is far superior to less than nothing. 'gotta watch these pr guys.
Thanks Mide. No more wasting time looking for FSS news. Based on what actually happened, being far superior to FSS is not really setting the bar that high. Here's hoping it plays out in the spirit that you state it...and thanks again.
FSS facilitates ATM penetration to rural India
Chennai based Financial Software and Systems (P) Ltd. (FSS), a leader in the electronic payment systems and services arena, announced the launch of their Biometric ATM Interface Solution (BAIS) that would enable connectivity of ATMs with biometric support to Electronic Financial Transaction (EFT) switches. FSS is the first to introduce such a product that would aide penetration of ATMs in rural India. FSS’ BAIS solution works with ATMs from leading vendors such as Diebold, NCR, Wincor-Nixdorf etc., that have enhanced support for biometrics. FSS is also working with Vortex, a company specializing in rural ATMs with finger-print verification for a similar solution.
The Reserve Bank of India (RBI) has been placing a lot of emphasis on “Financial Inclusion”, which is ‘delivery of banking services at affordable costs to the low income and disadvantaged groups’. In this regard, Indian banks were looking at ways and means to reach out to the untapped potential of rural India at lower costs. The ATM enhancements with biometric support envisaged by vendors eliminate the need for PIN entry, and authenticate customer transactions by thumb-impressions. A simplified menu on ATMs coupled with possible audio guidance in local language enable easy use for literacy-challenged rural masses.
Mr. Nagaraj Mylandla, Managing Director, FSS noted, “Banks are looking at ways of enhancing micro financing, and are taking initiatives for financial inclusion. ATMs with biometric support make it easier for people in rural areas to withdraw cash. Our new BAIS product fulfills the need of connectivity of ATMs with biometric support with banks’ online authorization systems. FSS has been innovative in rolling out products and services for the payment industry; our new product will enable banks and ATM vendors to launch newer services to fulfill the needs of the recent government directives as also banking initiatives”
All ATMs of a bank are networked, and connect to a centralized computer (Switch), which verifies card transactions against the customer PIN, and debits the customer account prior to dispensation of cash. The finger-print authentication method is non-PIN based, and this requires enhancements to the standard Switch environment. FSS’ BAIS solution meets this requirement, by performing requisite message translations as well as confirmation of authorization.
Sourced From: Adfactors Public Relations Pvt Ltd
Plenty of food for thought here. Nothing says it was the same prototype being flown since 2004, if it is true at all. Could be a LM strategy to lay claim to something now that GTEM is going for patents. Could be S1.
EXCLUSIVE - SUPER SPY BLIMPS IN USE?
Saturday, November 04, 2006 - FreeMarketNews.com
INITIAL POST 11.04.06
According to an FMNN viewer, the new-era, high-tech spy blimps coming to America are already in use in Iraq. In June 2006, FMNN reported that the US government had hired defense subcontractor Lockheed Martin to design and develop what amounted to an enormous “spy blimp” to be used for domestic intelligence purposes.
The report initially from Athens News, claimed that government agencies such as the NSA anticipated that as early as 2009 a huge super-spy blimp will be operational and monitoring US civilian movements, communications, etc. But now an FMNN viewer writes that such blimps are already in use in Iraq, though perhaps they are not as large as those intended to float above America.
The viewer sends FMNN this feedback: “The U.S. Army [is already] using these blimps over here in Iraq, I can say with confidence, since at least 2004 (I've been over here since 2003, DoD Technician, before the invasion). A smaller scale but, large, and used for the same exact purposes. They are floating around over Baghdad, constantly, 24/7. Had I not been such an avid observer of the stars. I probably would have never noticed them. Nevertheless, they are not that hard to view, even with the naked eye.”
According to the previous FMNN article (June, 2006) “Government Orders Spy Blimp,” a “prototype of the blimp is already being developed at a cost of $40 million. The spy ship, called the High Altitude Airship, will be seventeen times larger than the Goodyear Blimp and hover 12 miles above the ground. Although it is very large it will be invisible to both the naked eye and ground radar because of its distance from the earth. Fuel economic and self sufficient, it will be powered by solar energy and will be able to fly for years at a time.”
The article added, “The U.S. Army Space and Missile Defense Command has already conducted a study to determine some of the uses of the spy ship. It has the capability of monitoring an area 600 miles in diameter at a time with surveillance equipment, such as high-resolution cameras. The government has ordered 11 of them – enough to monitor every parcel of land in the U.S."
Staff Reports - Free-Market News Network
Web Address: http://www.FreeMarketNews.com/WorldNews.asp?nid=25273
you're way too sensitive. I could just as easily write "the punishment inflicted by longs" if I were short and they had come through with a successful 600 million dollar deal. The bottom line that enabled "punishment" was the way things were handled by the company, and I believe the good character of the people involved likely means they are the first to admit it. I have done all the homework I need to do just by living through this debacle. Don't give me a lot of academic BS about supply and demand.
Could it be that our little Globetel is actually going to meet its first deadline? I'm so proud of our little Globey! November 18th is exactly 60 days from the date of the German network announcement and it was said that within approximately 60 days there would be customers accessing services on the network. Now it looks like they may possibly be licensed and also have a web site almost ready for customers to actually use. If this happens, then there should be a "Globetel Meets its First Deadline" NR.
..sorry for the sarcasm but last summer was the last straw for this bagholder and I'm not the only one. I am optimistic that our new management will never forget the punishment inflicted by shorts upon losing a deal that never had to be made public if it had been handled right.
Bel..imo it absolutely should be. Those are my tax dollars at work. If there is another application for that material that another company could benefit from by purchasing it from the manufacturer who used tax dollars to develop it, then while that manufacturer should have protections against patent infringement, it should be fully accessible in the open marketplace. If Lockheed gets military contracts using it then good for them, but if someone else can use the same material to create an innovative product that satisfies the military specifications at a lower overall cost, then Lockheed should lose the business to the lower bidder as a matter of proper stewardship of public money.
sinful..I believe that is a lens artifact caused by the sun being just out of view of the lens. If you enlarge it you will see it has a geometric pattern to it (actually an image of the camera aperture, I believe) that is typical of this phenomenon.
What makes you think that it was taken directly into the sun?
Vern, to follow up on a post yesterday;
Here is a bit from the LM NR:
http://www.compositesworld.com/news/cwweekly/2006/October/cw110707
"The airship, which Lockheed Martin emphasizes is not a dirigible, is a super-inflated structure ..... The composite laminate material will provide all structural support for the airship. ...Lockheed Martin will focus on the ISIS program’s critical strength-to-weight and life-expectancy metrics plus other key material performance requirements—such as shape, hull radius, thermal/environmental effects and reliability—during the material development and demonstration."
The S2A design looks like a mockup of this concept to me in that the easily manufactured spar structure simulates the hull structure that the composite fabric would provide. The forces are transfered around the body along the spars in a similar but less fully distributed way than that in which the fabric would be expected to perform. Clearly as a 'super inflated' structure this fabric would have superior helium atom containment properties. Darpa talks about integrating a sensor array into the hull that could be calibrated to compensate for hull movements, but that is an aside. I just have found some parallels in concepts that I find intriguing.
Here's a detailed article about the ISIS project:
http://www.gizmag.com/go/6236/3/
mide...A is for Palmdale (easy to transport), B is for Edwards (not easy to transport)? There was that comment to the affect that we are not being shown everything. Where would they use tacos on A, anyway? Didn't notice any on the fin picture. The rest is held together by those hub things at the nose and tail. Maybe that's where the tacos go, but I wonder if two hangers are for two projects. JMO
Yes, it looks as though they are creeping out of the crevices to foment fear and torment even as we speak. And yes they may gain a foothold still lest we be ever vigilant.
Good job outlining the high points and best scenarios. They seem feasible and well within reach at this point. I am very much appreciating the style of the new guys. Feels more like a real corporation now, less on the wild side, more on the straight and narrow.
Still a high risk and still a load of potential waiting for the tipping point that will refill the bags that we who are bagholders hold. (not speaking for you now, but for me and those like me).
Good luck and congratulations for small victories today, may we win the war tomorrow.
I'm hearing a collective sigh of relief among longs, who each deserve a gender neutral brass globe award at this point. This has been followed by loud silence from the basherotsie. Must have ruined their day. NR gave them nothing but grief and nothing to bash. Nice work from the top this time.
..and for ther record, I was wrong about what I saw in the AP photo in that I thought it was a decoy.
The sun looks to me as though it is 'forward'of the strat, to the other side of the strat away from the viewer, and only slightly higher in the sky than the strat is, relatively speaking. This would send all cable shadows downward and away from the body of the strat, hence no cable shadows. The light and shadow that you do see is passing through the strat from background to the foreground of the picture. Note the dark blue sky high and the lighter blue sky low in the sky. The bluest part of the sky is always 90 degrees from the sun's position, which reinforces the sun's position in this photograph as being quite close to the horizon.
Thanks Vern. I'll need to dig out some of the stuff I've read and bring it here. No time now. Very clever center cell concept, by the way.
Vern, this airship is relying on 'super inflation" (or some similar phrase that I read in the LM NR) combined with the semi rigid hull to maintain it's aerodynamic shape and structural integrity. So the helium is at high pressure and is therefore more difficult to contain than if it was riding in a bag inside of a frame, ala S1, no? Does this mean that the fabric has to have unprecedented properties to hold the gas for long duration? I am also very interested in the large vertical hoops along the body. Again in a darpa release that I read, the radar array that is planned to go into the rigid hull ship LM is working on is described as a large circular array that will span the cross section of the ship and have the capability to deform with the hull while maintaining it's electronic capabilities.
Thanks Frank. Looks like the team got something done after all.
Those are definately the fins that Jones was holding up in the AP photo. This is fantastic, by the way.
"combined rigid hull/envelope structure"
This sounds very similar to the description of the fabric being supplied/developed by the subcontractor to LM on their latest government deal. I don't mean to hype this beyond what is stated, which is great by itself, but this description I do not believe is consistent with how one would have described the structural design of Sans 1.
Assuming that the timing of last night's NR was by design and not by practical default, then it was likely done to broadcast a stabilizing influence affecting shareholder's interpretations to come from a more substantial NR today or soon, imo. I'm hoping this was crafted after the more substantial NR was written, as I said, to pour some oil on the waters before making a big splash. It's important to be pointed in the right direction (restructuring as opposed to BK) when the next wave hits. If so, then we have some good at the helm.
At this point in the rebuilding of share price the most important commodity is credibility. A simple statement such as this reassures shareholders somewhat and takes zero risk on any unnecessary expenditure in the capital of credibility, of which there is a limited, yet potentially refreshed supply. This seems to be in good form, but obviously there is more information required. I prefer to learn of intent through execution as opposed to speculation and so am willing to wait for the facts (lucky for me, huh). Just hoping the actions tell a positive story. I see Mr. Bleckman is still listed. That's a good thing.
Vern,
"...Jones could, without reservation, tell Huff to go fly a kite"
to that I would add "..but first get me a cup of coffee."
If that seems disrespectful, it only to illustrate a valid point. Huff is affectively gone. This volatile situation has been stabilized. Now all that remains is for the other foot to fall, and it is unknown whether that foot will be a step in the right direction or a collective kick in our pants.
Pit..The Russian deal was definately the pivot point toward Huff's undoing. This was a monumental mistake in contract negotiation and PR that no corporation has any business screwing up. Everybody except the shorts paid for it. For them losing a 600,000 million dollar deal was the equivalent of longs winning one.
My little red book on corporate culture told me that when they give the top guy a newly created position and a new office, the typerwriter on the desk is for the purpose of updating the resume. Whatever his motivations and strategies were, they did not work for the good of the company or my investment. I wish him well and the same for GTEM.
If GTEM/Sanswire is getting advanced notice of these types of actual and potential government financed developmental programs from their potential suppliers, then those developments and their associated (extended) timelines would must affect GTEM/Sanswire's timelines. Since we do not wish to be sitting in a cue with other 'flight ready' competitors all waiting for their government financed power system component to be ready so as to send them all off together, then the need for guarding proprietary secrets is heightened in the mean time.
Byron sounds proud of himself:
http://www.nypost.com/seven/10092006/business/cashing_in_wei_out_business_christopher_byron.htm?page...
October 9, 2006 -- OVER the last year, this column has kept readers up to speed on the mystery-shrouded activities of a self-regarding young fellow named Benjamin Wei and the group of oddball companies he's been squiring around Wall Street as a penny stock promoter.
Now there is more to report regarding this one-time stockbroker, who sometimes spells his surname Wey, and his collection of penny stock lovelies. Behind the palace walls in 35-year-old pasha Wei's harem, trouble is brewing.
Two weeks ago, an avalanche of insider selling hit the shares of a Wei arm-piece called Bodisen Biotech, Inc. The selling erupted days before Bodisen announced on Sept. 29 that it was dumping Wei's investment firm, New York Global Group Inc., as its investment adviser.
More importantly, a review of documents on file with the SEC shows that much of the selling originated with individuals in the city of Yangling, China, where Bodisen is headquartered, and that most of the selling flowed straight through Wei's New York Global Group.
We'll go more deeply into the details, for it underscores the risks investors take when they pump their money into beckoning opportunities in distant lands. But first, a note regarding recent developments at the American Stock Exchange, where Bodisen Biotech is traded, and where the long-overdue scent of Lysol is at last beginning to spread through the halls.
That is due to the Amex's new CEO, Neal Wolkoff, who has launched a campaign to rid the exchange of its century-long reputation as a financial landfill where Wall Street dumps its trash.
Wolkoff may not succeed, but at least he's trying, and last week brought more proof when the gong finally sounded for an Amex-listed company called GlobeTel Communications Corp., which has been boasting of a plan to launch a fleet of aluminum blimps into orbit at the edge of outer space.
On Friday, GlobeTel finally abandoned its summer-long struggle to prevent the Amex from delisting it over its wacko business plan claims, and announced that the exchange would permanently cease all trading in its shares at the end of business Tuesday. It also announced that the SEC has opened a formal probe into GlobeTel's accounting.
The action vindicates The Post's critical coverage of the company, which helped send its stock tumbling from a high of more than $5 a share to 49 cents Friday. And it also suggests what could await Amex investors in obscure foreign stocks like Bodisen, where even rudimentary due diligence is all but impossible.
Anyone who wants to kick the tires on this puppy would have to fly all the way to the city of Yangling in central China, where Bodisen's only known offices are said to be located. (It will help to have a translator at the ready, since none of the Bodisen brass speak English.)
The company's filings with the SEC show that Bodisen was formed at the start of 2004 through the merger of a Chinese fertilizer company and a Vancouver penny stock shell.
The SEC filings make no mention of Wei's role in the merger, but documents on file at the London Stock Exchange, where the company is also listed, name him as a key player.
One reason for Bodisen's silence may be Wei's troubled past in the securities industry. He was fired by the company that hired him straight out of college, Wilbanks Securities, after just seven months on the job. Wilbanks claimed he had been running a financial consulting business secretly on the side.
The National Association of Securities Dealers suspended his broker's license and slapped him with a fine, but Wei seemed undeterred and quickly relaunched himself as CEO of his own firm, Benchmark Global Capital. His target market: the booming Chinese investment scene.
Yet it wasn't long before customer complaints began to pile up against him and Oklahoma state regulators were on his tail, leading eventually to his censure and a ban from selling securities in Oklahoma.
So Wei moved his business to New York and started again. Yet he soon found himself fighting in court with his former partners in Oklahoma, who accused him of siphoning off money from Benchmark's Chinese operations.
So Wei opened up a whole new operation, New York Global Group, and put the bulk of its stock in the name of his wife. Then he changed the spelling of his last name to Wey and continued chasing up promotable opportunities in China without missing a beat.
It isn't clear if the Bodisen folks knew of Wei's past when the company named him as their investor relations man following its merger with the Vancouver penny stock. Yet it's doubtful they would have heard much from Wei, who seemed anxious to stay as far out of the spotlight as possible in his new job.
He began issuing stock-puffing press releases for Bodisen from his perch at New York Global, using the corporate pseudonym of Bodisen Biotech Investor Care, listing New York Global's phone number on the releases, as if it belonged to the fanciful I.R. firm.
Wei's role as Bodisen's I.R. man ended in December of last year, though his behind-the-scenes activities as its deal promoter continued: Several Bodisen SEC filings name New York Global in a $300,000 contract to sell unregistered Bodisen stock to investors in London early this year.
It's also unclear when Bodisen finally decided to sever its ties with Wei completely, though it's clear enough what happened in the nine trading days before Bodisen issued a press release making its decision public: an eye-popping 29 separate "Form 144" stock registration statements tumbled into the SEC in basket.
Each form was filled out by hand, in what appeared to be the same handwriting. Each listed a different seller, though all gave the same mailing address in Yangling, China, where Bodisen is headquartered.
If the sellers were too poor to afford homes of their own three weeks ago, they certainly aren't now. The filings show that three lucky filers pocketed an average of $2 million each from their fortuitous decisions to jump ship.
The filings also show that the selloff rained gold on Wei as well. All but the first three forms listed New York Global as the selling broker, implying the Wei-run operation reaped commissions on sales of nearly $15 million worth of stock in the company that was about to fire him.
ALTOGETHER, a total of nearly 1.5 million Bodi sen shares were regis tered for sale in the filings. There may be an innocent explanation for the fishy coincidence in which Wei's firm benefited so handsomely, yet a search of SEC records fails to provide it.
Good luck finding out from the company itself. When I put some questions to Bodisen's only known U.S. spokesperson, who is based in Los Angeles, she said it was late, and China was so far away - so maybe I could just e-mail her my questions and she'd pass them along, though I shouldn't hold out much hope because it was late and China was so far away, and . . . well, you get the idea. New Yorkers have a word for an investment like this, and it fits perfectly: fuhgeddaboudit.
cbyron@nypost.com
In the CNBC video I remember they were looking at the fabric, which had traits that did not seem consistent with the tedlar that was demonstrated in videos way back with Sans 1. Now there is a mystery subcontractor suppling LM with 'composite fabric' which gives it its structural characteristics. Read this for more details.
http://www.compositesworld.com/news/cwweekly/2006/October/cw110707
Lockheed Martin wins award for airship flexible composite laminate development
Lockheed Martin (Akron, OH) has received a contract for approximately $10 million to further develop advanced flexible composite laminate material technology and next-generation hull material for stratospheric airships under the Defense Advanced Research Projects Agency’s (DARPA) Integrated Sensor Is Structure (ISIS) program.
Although specific information about the polymer matrix composite laminate is proprietary, Lockheed Martin says the material is based on a new polymer that the company developed with a subcontractor on the project. David Filicky, Lockheed Martin’s ISIS advanced materials program manager, says the composite laminate, which is still under development, will be either three-or four-ply and manufactured at Lockheed Martin and at a subcontractor. Filicky reports that the biggest challenge in the fabrication of the material is manufacturing process development, but he remains confident that such challenges will be met.
"With Lockheed Martin’s substantial investment and legacy in airship materials development, we have already begun the process of creating a unique, highly-engineered, flexible composite hull material," says Filicky. "This fabric requires significant materials development and large-scale, low-anomaly manufacturing process advancements over current state-of-the-art airship hull material. This contract allows us to advance our innovative fabrication process while addressing the ISIS flight environment requirements."
Under the two-year contract, the ISIS program will develop the core technologies necessary to integrate an extremely capable sensor package directly into the structure of stratospheric airships, which operate at approximately 70,000 feet. DARPA solicited ideas in critical technology areas including low areal density, advanced airship hull material, low-power density radar apertures, low power and cost transmit-receive modules and fully regenerative power systems.
The airship, which Lockheed Martin emphasizes is not a dirigible, is a super-inflated structure that the will be significantly larger than the 3.7 million-cu-ft High Altitude Airship that the company currently produces. The composite laminate material will provide all structural support for the airship. With 75 years of experience with tethered and unmanned airships, Lockheed Martin will focus on the ISIS program’s critical strength-to-weight and life-expectancy metrics plus other key material performance requirements—such as shape, hull radius, thermal/environmental effects and reliability—during the material development and demonstration.
Lockheed Martin is the prime contractor for the Missile Defense Agency’s High Altitude Airship, a stratospheric airship prototype, which will provide persistent surveillance along with other critical capabilities. The company also has provided tethered aerostat surveillance systems to the U.S. Army for deployment in Iraq and to the U.S. Air Force to support air sovereignty and counter-drug operations along the southern U.S. border.
That is one exciting find rwehapi2003, thanks! Did I miss something or is that a strange similarity in logos between Sanswire and SWS?
This move may also carry the added benefit of addressing the processing deficiency that affected Centerline's numbers last quarter. Knowing what was required and being able to evaluate the organization's ablility to execute would probably come easy to him, not requiring a great deal of time or effort on his part. Maybe just a timely suggestion to the people involved.
mannecloneman..my thoughts are that if it is true, then it would not be the first time that a legitimate business satisfied local jurisdictional and pr requirements by opening a "mailbox" in the town they are doing or trying to do business in. I know this from first hand experience and it is done all the time. Once something catches hold, the 'office' is staffed.