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Lockheed Martin working the museum circuit with their cargo blimps. Plenty of talk and no action if you ask me. Those are some high powered retired folks they're connecting with down there, though. Plenty of blimp shots and also quite interesting reading contained in this link to the "Noon Balloon", especially if your starved for airships that actually fly, like I am:
http://www.naval-airships.org/pdf/06summertnb.pdf#search=%22Advanced%20Airship%20Flying%20Laboratory....
DonG, Crash, Nerd...it does appear that FSS should be on both sides of the issue. GTE on the other hand may be limited to the white label side depending upon the nature of the services they stand to offer. It could be that on the bank branded side, GTE is prohibited from sharing those ATM's while GTE provides a valued service on the white label side, in the absence of a branded bank. Don't ask for specific details because I don't have any, just speculating with a broad brush.
Could this be a cause for the delay in reporting on the India deal? Don't know really. Interesting article anyway. Note reference to FSS:
http://www.business-standard.com/banking/storypage.php?tab=r&autono=104137&subLeft=1&lef....
RBI says no to white-label ATMs
Anindita Dey / Mumbai September 09, 2006
The Reserve Bank of India (RBI) seems reluctant to give its go-ahead for setting up white-label (or no name) ATMs by corporates, banking sources said.
White-label ATMs are the ones that are not only owned and operated by non-bank entities but also branded separately by them. It means these ATMs are not branded after any bank’s name.
The sources said the RBI is of the view that only banks can own ATMs so that the flow of funds can be accounted for, well regulated and monitored.
On the other hand, white-label ATMs are owned and operated by independent entities including corporates, and they do not come under the jurisdiction of the banking regulator.
The banking regulator also feels allowing corporates to own ATMs will result in their virtual entry into banking, which goes against the current policies for entry into banking.
The RBI is also worried that white-label ATMs will raise the cost of banking for retail customers, as each white-label ATM operator will have its own cost structure, which may not adhere to the overall domestic banking structure. This has been the experience internationally, as well.
Customers of all banks having arrangements with payment service providers like MasterCard of Visa can avail of white-label ATMs but will have to pay usage charges.
At present, Euronet owns and operates a large network of ATMs.
But these ATMs are branded as ATMs of banks acting as sponsors. The sponsor banks provide the currency notes required for loading the ATMs.
Technology services providers such as FSS, e-funds and US-based Euronet and companies like Reliance Capital have evinced interest in setting up white-label ATMs. Australia-based Banktech group is reported to have set up shop in India with plans to offer services in the ATM deployment and transaction processing market through white-label ATMs.
In several countries, including the US and Canada, white-label ATMs are deployed by non-bank corporates and service providers. These machines do not carry names of banks like the ones set up by Euronet, which are called ‘convenience’ ATMs.
Some global ATM services providers are in talks with banks in India to set up a joint venture subsidiary for rolling out white-label ATMs.
Globally, white-label ATMs are deployed by third parties that make their machines available to bank customers and earn money through per transaction charge.
There are over 16,000 ATMs in India against 70,000 bank branches. The banking sector expects three ATMs for every one branch in the next five years.
New press; new pictures. Seems our Mr. Jones has been busy with the media.
http://www.voanews.com/english/2006-09-06-voa65.cfm
US Company Builds Large High-Flying Balloon to Fill Communications Niche
By Mike O'Sullivan
Palmdale, California
06 September 2006
O'Sullivan report - Download 416k
Listen to O'Sullivan report
Engineers in the California desert are testing a new communications platform that blends modern electronics with old technology. Developers say a helium-filled balloon carrying high-tech equipment can be a cheaper alternative to satellites. The device called a Stratellite could provide communication links to inaccessible places.
Bob Jones in front of the Stratellite prototype
The prototype of the robotic airship is being assembled in a huge hangar where the B-1 bomber was built, and where engineers once worked on the experimental X-33 spacecraft.
Bob Jones of the company Sanswire Networks says the balloon will hover in the stratosphere at a height of nearly 20,000 meters. From there, it will provide video, voice and data communication to an area the size of Texas.
The Stratellite will offer links for cell phones and television receivers, in what he calls the last-mile solution.
"The last-mile solution - it means that people that live up in the mountains or out in the country where there's no infrastructure, well, this is the answer," said Bob Jones.
He says a network of Stratellites could offer computer users Internet access anywhere.
"For example, if I'm in the middle of the Mojave Desert, I could open up my laptop and I could communicate," he said.
Jones envisions hundreds of the airships hovering high above the United States to augment, but not replace, existing satellite and ground communications.
"We would like to see a lot of these things flying and providing the needed communications," noted Bob Jones.
The Stratellite is a rigid airship, unlike a blimp, which has no supporting structure. The new ship is more like the Zeppelins of the 1920s and '30s.
The prototype is a little smaller than an advertising blimp, at 37 meters stem to stern. Made with modern materials such as carbon composites, it is incredibly light, weighing only 340 kilograms. The prototype is one-fifth the size of the final version.
Bob Jones with the Stratellite fin
Jones shows a visitor the components being crafted in the hangar.
"Yeah, these are the fins," he points out. "They are very light. This is carbon/carbon right here. This is a foam core. And you have got carbon with foam sandwiched. So what we are doing is, for the structure - this is the main structure here - we want to make sure that this does not fail."
The Stratellite is intended to stay aloft for 18 months, before operators on the ground return it for servicing.
The airship will undergo testing in coming days. Its technology is unproven, and even if it works, there is tough competition in a crowded industry. But Jones believes the new device will fill a niche in the communications market, and will also have other uses.
"It is amazing looking at the potential of this vehicle, not only the use of the communication but for homeland security, utilizing something like this to fly the coastal area, the border between Canada and the U.S., and down in Mexico and the U.S., and being able to detect people going across," continued Bob Jones.
He says the balloon could be used for search-and-rescue operations and in natural disasters.
Jones says the South American nations of Colombia and Peru and the US military have shown interest in the project.
Sanswire is not the only company looking for new uses of old technologies. Next door, a company founded by Russian immigrants is making advertising blimps, and developing a new hybrid airplane-airship to carry tourists and cargo.
And just down the highway, in the desert town of Mojave, aerospace visionary Burt Rutan is working on a craft to carry tourists into space. In 2004, he launched the world's first private spaceship, called SpaceShipOne, from Mojave Airport.
Design, it was good to see that you bought back in, especially now, after the CNBC report.
We don't have patents, so secrecy is the only advantage we retain. It would be very upsetting if it appeared that GTE were 'giving away the store' by making everything public at this stage.
The report stated that there are 200 companies competing with a some type of product. That data had to come from GTE. (CNBC did not spend the days it would take to compile that) This says that GTE is watching the competition as closely as hawks watch prey (which is as it should be), and knowing what they know is keeping everything top secret because, of course, the 200 competitors are each also watching GTE like a hawk.
This short article is exciting because it demonstrates the power and potenetial of DECT. GTE already has DECT integrated into their Hotzone equipment and has very successfully tested it in Mexico. DECT allows an entire enterprise to take their wireless phone service in-house and provides enhancements that the telcos can't offer. The US hasn't adopted it the way they have in Europe, but it appears to be a matter of time, imo.
http://www.computerweekly.com/Articles/2006/09/04/218229/Drilling+contractor+embarks+on+IP+comms+rol...
Technology
Networking/Telecoms
Drilling contractor embarks on IP comms roll-out
Monday 4 September 2006
Stena Drilling has installed a new IP communications infrastructure from Mitel at its Aberdeen headquarters as the first step towards a global roll-out across its five offshore rigs and satellite offices.
The independent drilling contractor has deployed a Mitel 3300 IP Communications Platform with IP-DECT handsets in a move that will bring Stena’s telecommunications management in-house, replacing a managed service.
The new system, designed and implemented by Nessco, will deliver wireless communication to the offshore rigs and introduce new facilities, such as video conferencing, in a move towards eventual mobile working for senior Stena managers. The new infrastructure is expected to bring cost and time savings and reduce dependence on external engineers.
Stena IT manager Sharon McLaughlin said, “We struggled for months with our old PBX system, which lacked the level of flexibility we required. Our drilling rigs frequently move and we need a system that allows us to adapt our telephony systems quickly and easily.
“Previously we were constrained by our traditional system and often found ourselves waiting days for an engineer to re-programme headsets and telephone ports, which was neither cost-effective or time efficient.
“We had also become frustrated that our old system didn’t support the video conferencing equipment we had invested in. We now have the flexibility to make moves, adds and changes ourselves and can integrate new applications quickly and easily.”
justfrank..sounds like a good 'no news is good news' situation all right. Right after Labor Day also seems like a good time to ask personnel to stay buckled down and committed to a regular and intense regimen of testing and adjustments. Wimax just keeps getting hotter and hotter. It seems like cables, satellite's, and telco's have all been reported to be wishing to build out a national network but none can seem to part with the billions that it will take to do it. The commercial and military applications for this technology are crying out for a product and GTE is the best prospect I know for providing it, as demonstrated by the AP article.
Thanks Vern, very interesting as usual. Glad to hear of Norton and friend. Spider web-tethered satellites eh? Gee, talk about a 'world wide web'. (sorry, didn't know what else to say) Better if I leave the clever prose to you. Thanks again and all the best to you and yours.
..or did I miss the important possibility that it was solar powered?
Vern ..earlier I'm afraid I misinterpreted your intention in saying that the strat wasn't as far along as it needed to be for float testing. I thought you were discrediting the AP story but it appears you were advocating that delays are the inevitable component of the process of aeronautical development and therefore expected; whether or not accepted by us, the observers. Thanks for your valuable insight, as well as your amazing stories.
The tethered Russian ship is intriguing. It seems to be on the border of being so far 'out there' that I tend toward suspecting this may be another of your allegorical 'Norton' type stories. But assuming that is not the case, what would be the energy transfer protocal for this system; in other words is high voltage ac, like a power line? The wires would have to be lightweight and the energy load significant, no? Do you have any of those kind of details?
Again, thanks for posting, it is great stuff.
Wing, and Vern...I think every cogniscent kid longs for the passing of cultural knowledge and thrills when it occures, if fortunate enough to experience it. I sometimes get that feeling here and don't find that very often anywhere else. Certainly I did yesterday reading Vern's posts. So earnest contributions along those lines truly are appreciated. Also nice to read good things about Mr. Huff.
New Press:
http://www.businessweek.com/technology/content/aug2006/tc20060831_047994.htm?chan=top+news_top+news+...
AUGUST 30, 2006
News Analysis
By Joseph Pisani
The Trouble With Cell Towers
Mobile-phone carriers have long dressed up unsightly towers with leaves and branches. Will they now consider concealing antennas in blimps?
Slide Show >>Wireless service providers have long faced a dilemma when it comes to the towers that help transmit calls. Customers want seamless coverage—except they don't want the coverage-boosting cellular towers in their backyards.
Two main concerns typically arise. For starters, towers can be just plain ugly, and residents don't want to see property values dragged down. Then there are questions about possible health risks associated with exposure to radiation emitted from the equipment. The San Francisco Neighborhood Antenna-Free Union (SNAFU) is among the many organizations across the U.S. fighting to keep carriers from placing towers too close to neighborhood schools, hospitals, and playgrounds.
TIME FOR "STRATELLITES"? Until and unless more research helps clarify the issue, there may be little that mobile-phone companies can do to allay some people's health concerns. That is "not a concern that will go away," says Doug Loranger, a SNAFU spokesperson and producer of the documentary Bad Reception: The Wireless Revolution in San Francisco.
But there's a lot that service providers can do to alleviate the aesthetic concerns. For years, they've tried to dress up unsightly towers as trees and other foliage. Companies have hidden antennas in crosses and buried them in storefront signs.
Now comes Bob Jones, president of Sanswire Networks, who's pushing the idea of "stratellites" that would house cellular antennas in computerized blimps hovering 12 to 13 miles above Earth. According to Jones, the blimps would be a more efficient way to give widespread coverage to customers, while keeping the source hidden.
TESTING NEEDED. Wireless companies aren't exactly embracing the blimp concept with open arms. Cingular Wireless, the biggest U.S. mobile phone company, already has 47,000 towers in operation in the U.S. "Cell-phone service, reliability, and sound quality" are the priority, says Cingular spokesman Ritch Blasi. The company isn't planning to consider a change to blimp coverage before any new technology is tested and proven to work just as well as current cellular towers, he says.
Meantime, the carriers have plenty of other ways to conceal antennas. Larson Camouflage in Tucson, Ariz., counts Cingular, Sprint Nextel (S ), and Deutsche Telekom's (DT ) T-Mobile among its clients. Says Larson Camouflage president Andrew Messing, his company works with the carrier and the local site to make sure it seamlessly blends in with the surroundings, whether it's a 200-foot grain silo in Illinois or a church cross in California.
Click here for the slide show of "Ten Unusual Cell Tower Sites."
vkoenig..it does not appear that those photos show Sanswire 2. The author descibes Sanswire 2 as being held down with orange sandbags. The photos show no such rigging. In fact the object appears to be less than bouyant, slightly draping across the sawhorse type fixtures. So your comments regarding the completeness of Sanswire 2 do not appear to apply to these photos. If your response is to discredit the author, as I noticed you did in an earlier post, then I would add that she appears to thave done an excellent job of reporting here and that I do indeed trust in her ability to know the difference between sandbags and some other form of rigging.
yes..all my opinion based on looking at the photos and reading the article.
Techisbest..that is not the Sanswire 2 prototype in the background of the pictures, as would be expected in light of the security measures that have been taken to date. The text of Chang's article, as you have posted, says the 125' prototype is in a guarded hanger held down by orange sandbags. The picture shows a fabric component that is not being held down but is resting on sawhorse type fixtures. If you look carefully you can see it "draping" across them. In one picture orange cones are visible but they are not visible in the other picture, so they would not have been mistaken by the author for sandbags holding it down. There are air hoses which likely are keeping it inflated with regular air. In an e-mail to Rocky, Tim Huff identified this fabric component as part of the gas containment system, which as we know resides within the rigid frame of the Sanswire airship. This is essentially a photo prop set up for the article, imo.
Going to need plenty of Tedlar to cover those babies. Dupont is expanding their production capability. They must know something other than some nebulous projection of increased demand worldwide. Note the emphases on life cycle, durability, reflectivity, efficiency and the reference to aerospace applications. Sounds like they need to mass produce something with more of the capabilities that are found in satellite applications, but cheaper and in comparatively huge quantities. Also it is DuPont, right up there with Raytheon.
http://www.reed-electronics.com/semiconductor/articleXml/LN421406510.html
DuPont Invests $50 Million, Launches New Tedlar(R) Photovoltaic Solar Panel Materials; Growth Led by Global Solar Energy Market; New Materials Increase Efficiency and Lifetime
PR Newswire US , August 23, 2006 Wednesday 3:05 PM GMT
WILMINGTON, Del., Aug. 23 /PRNewswire-FirstCall/ -- To meet the needs of the fast-growing photovoltaic solar energy market, DuPont today announced a production expansion of DuPont(TM) Tedlar(R) polyvinyl fluoride (PVF) film. The new facility, with an estimated investment of $50 million, is scheduled for completion by 2007.
The company also announced the launch of DuPont(TM) Tedlar(R) PV2100 Series films, part of an extended product line used in the protective backsheets of solar panels, which are critical to the efficiency, lifetime and overall operation of the panels. DuPont(TM) Tedlar(R) PV2100 Series films provide increased dimensional stability, tear and abrasion resistance and higher reflectance, which improves output and efficiency.
"DuPont and Tedlar(R) have played key roles in the solar energy industry," said Cynthia Green, vice president and general manager - DuPont Fluoroproducts. "This expansion will allow us to better supply customers in several global market segments as we focus more of our science and innovation on improving the life cycle of solar cells and reducing the cost per watt of electricity to consumers and building owners."
DuPont estimates the market for Tedlar(R) films is increasing at more than 30 percent per year, due to a surge in the production and installation of photovoltaic solar panels around the world.
Tedlar(R) films also are used in key applications for aerospace, construction and graphics arts because of their durability and weatherability.
The newly announced expansion has begun at DuPont's Fayetteville, N.C., facility. The business also continues to expand its manufacturing capacity at other sites in Louisville, Ky., and Buffalo, N.Y. Coupled with additional expansions for other DuPont photovoltaic materials, DuPont's total planned investment is more than $100 million.
DuPont (NYSE:DD) is a leading global supplier of films, resins for encapsulants, encapsulant interlayers and conductive pastes for photovoltaics.
The company manufactures eight essential materials used in photovoltaic modules.
DuPont is a science company. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in more than 70 countries, DuPont offers a wide range of innovative products and services for markets including agriculture, nutrition, electronics, communications, safety and protection, home and construction, transportation and apparel.
The DuPont Oval, DuPont(TM), The miracles of science(TM) and Tedlar(R) are registered trademarks or trademarks of DuPont or its affiliates.
CONTACT: Cathy Andriadis of DuPont, +1-302-774-4249,
The fact that there are other businesses successfully operating in the areas of GTE's focus does challenge GTE's stated model of independent divisional growth until such time as all the parts become integrated.
My point may have been better stated more along the lines of even if these divisions were operating more successfully, then all that money would and should be plowed back into R and D and toward developing the higher levels of middle management needed to knit the pieces together into the big picture that is envisioned. This mode would not result in the significant rise in pps that we all wish for someday. Improvement is undeniably required for survival; these are the details you refer to and I agree. Developing the 'you want that, we got that' paradigm is precisely the essential point. It just seems like many here, and I sometimes slip into it myself, have a set of expectations focused on pps that are out of phase with who and where the company is today.
Do I want a higher share price? Of course I do. Do I feel it is owed to me each and every day between now and when the company flourishes? Keep dreaming; but that's the basis on which nay sayers and others keep posting, as though there shall be no rough sledding of the kind that we are now having. Also as though there was never the chance that this company could go under. Obviously many who do not wish to take that chance have already picked up stakes and left the table. Maybe it is only the irrational ones who are left here, maybe not. The existence of shorting greatly complicates the matter, but that is just the way it is and it is not going away. Sometimes I think that start-ups should be entitled to a moratorium on shorting until they reach a certain age, but that is just not practical. That's when I think that if a company can't beat 'em, they oughta join 'em.
The very real issues that exist here have caused everyone hoping for success great concern. We are all keenly monitoring the progress of each and every problem that we are able to understand, as well as those that we can't, which is all good.
The bad apple issue seems like one of several red herrings being promoted because frankly, imo AMEX got duped (willingly or not) into delisting GTE. They probably have to do it anyway, to save face, but I believe that if they do they may very likely live to regret it one fine day. That day could be happening at Edwards as we speak.
Cole..while I stand by my statement that GTE showed profit, which as you state has been confirmed by the majority of posters on this board (you have also stated why you think it is not true, certainly you're entitled to your opinion) actually stating that GTE shows a profit was probably a mistake on my part in the context of the meaning of my post which was to say that at this point in GTE's development losses and profits are really not what the company is all about. It is the progress toward their goals for profitibility that matters, and this week that progress was clearly documented in the AP article and on the new website. It is up to each individual to decide if that progress is adequate. In my case the progress shown is more than adequate.
Sam..by long I mean those who stay with the investment long enough for the company to use the capital that they have invested in it to achieve a product offering and revenue stream in the marketplace. Frankly, the company or companies from which GTE has morphed I feel have nothing to do with GTE today. If you were invested in some other company way back then, then why did you stay with it as it tranformed into something else entirely? My frame of reference is indeed much shorter than yours because of that very reason.
Obviously a lot of the angst among investors here has to do with the "why haven't I gotten a return on my investment yet" factor. The other factor at work here is the 'why hasn't the pps gone lower so my (or my employer's) short position will be improved' factor. Both positions are an emotional, and irrational denial of the realities of what is happening with the people who are actually trying to accomplish the ground breaking goals before them. Their actions, believe it or not, need to be insulated from the trials and tribulations of share price since they can't operate on a strictly 'what will make a profit' basis. Of course that is not a practicle paradigm given the company's need for capital. Hence this complex and chaotic dynamic amongst all involved. This is a speculative venture that does not operate according to the same ground rules that an established business operates. Everything is new; the products, the markets, the business model, the operations, everything. GTE is trying to define itself and understand it's environment all at the same time. So the backbone of success here lies with the fundamental faith of long investors in the enterprise. If you believe in the concepts and want to take the chance on the execution, then invest, hold, and wait. If you're trying to apply traditional analysis to a work in progress, then you're trying to put a square peg in a round hole, good luck. The signs are positive in my opinion; we even have a profit incredibly enogh. Sharp elbows hurt sometimes, but we're pushing through the crowd.
'gives one pause, doesn't it. (just a little alliteration)
Yes, the new Sanswire site really does pack a strong punch. That is absolutely positively NOT the work of scam artists.
siriuslyricher...that is exactly what I have been thinking. If AMEX was made to feel culpable on the basis of the class action lawyers' briefs, and we know the lawyers based their briefs on the Fool articles (per Nilrem's visit to their office), then they may be feeling like they've stepped in doo doo for not doing their own DD now that the AP article is out. Maybe they got po'd when GTE would not provide information that would refute the lawers scam charges and then got scared when they heard about an article coming up by AP. Anywho, the AP article pops a lot of balloons, and they're not GTE's.
Nice find Kevinoak. Very telling and consistant with continued developement of the Stratellite program at GTE. Doesn't look like plans for success at GTE are changing. Full speed ahead. #@%$ the torpedos.
This AP story and the testing that is sure to follow are turning out to be the saving grace. Even if the AMEX accustions hold and GTE gets delisted, that does not change the reality of what GTE is doing on this front. Other journalists may bash, but AP is on the record. This should trump the negatives as the perception of success with the stratellites grows and GTE continues to show positive financials. One contract with wireless and things really start to change. This is turning out to be the darkest hour, but this is also what is followed by the dawn.
What if the timing of all of this, the delays, the launch, the AP 'give us a peek' story, the Amex delist (with concurrent low of year), is all about spinning off Sanswire? The two parties, GTE and some unknown entity could be negotiating against the background of the same two interests combating each other on share price, but the buyer is doing battle covertly and it's all finally coming to a head. How's that for high stakes intrigue?
Can't help but throw in that DBS is likely to partner with Clearwire now and if they do they could all sure use some tall towers, but they don't need VOIP, WiMax, Money Cards, or Centerline.
All imho of course.
Your right, I did not realize that until you pointed it out, but now that you have pointed it out, the pictures were dated the 18th, so knowledge of the report coming did exist prior to the 18th. That does not mean that AMEX knew, but they could have, especially if Globetel told them.
What if after the plethora of articles, AMEX is getting bombarded with inquiries from investors asking for an explanation of the delisting? This could have AMEX doing PR and backpeddling at the same time. It would also explain the timing. Laying everything out in detail and extending the timeframe appears to be a precaution against unexpected developments; are they pointing out why they did what they did (delist notice) before they came to know what they know (Sanswire testing)? It will also allow GTE to prepare a good case, since if they do not delist they will need adequate reasons not to. Call it spin or optimism, but that's my take.
After looking at the SAAMS information on the vastly improved (wonderful work) Sanswire website it is actually a feather in Bob Jones cap that the NASA contract was terminated. As an ex-NASA guy he must have known the capabilities and attributes of what NASA had to offer and was therefore more than capable in evaluating this lower cost alternative to verify that it could do everything that was needed for the project. Plus now it is safely in the proprietary hands of Sanswire, right where it belongs.
In the article Chang says that the 125' long prototype is held down by orange SANDBAGS and is cordoned off with yellow tape. The white thing is not held down by anything; it is sitting there draped across sawhorses. There are orange cones, not sandbags, and they do not appear in the picture with the fin at all. Just hoses that appear to be inflating it with plain old air, hence the draped appearance. Therefore I do not believe that that is the prototype. I do believe she knows the difference between a sandbag and a cone, if and when there is a cone present.
If the legal type manipulation Low has so brilliantly described is occuring, then it is an extremely clever, judo kind of move in the sense that it takes advantage of the 'natural' market short and long manipulation forces (legal and otherwise) and uses them to the advantage of the company's funding requirements. Rather than fight the traditional and uphill battle of trying to get a higher and higher share price to sell shares into the market and raise funds, which is essentially impossible for a start-up like Globetel, this approach dodges the bullets and rides the waves by taking advantage of the liquidity provided by shorting; thus avoiding stagnation and its attendent failure. Maybe that is what makes it such a difficult moving target for those who would just as soon blast it out of the water.
If AMEX is calling us out for using this technique; deeming it not to be in the interest of investors, then that begs the question "which investors?" since (again as pointed out by Low) it can benefit both long and short swing plays. As a long term investor it does not do me any good now, with the notable exception that it keeps my long term prospect alive until such time as it can truly grow profits. The only group it does actually hurt are theoretical long term shorts, but they would want to see the company go bankrupt so imo shouldn't be considered. It doesn't really make sense for AMEX to delist therefore, which lends credance to alternative theories on the motives of AMEX, or perhaps some in the organization, or maybe, as was suggested, they are responding to avoid being caught up in the class action suits. Apparently stagnation and failure are what Chris Byron and those like him want, or at the very least that is the effect of their sensationalization of the issue in order to get the public's attention and readership.
To those who say it is being done because they believe GTE is a scam, I can only say that I do not believe that GTE is a scam.
Good day and good luck to all good posters here. My first for this board after much reading and learning. This is the quality board. Just to say that the charts are a nice addition. And upon looking, it appears very close to the bottom of the overall channel at this point and a possible turnaround developing with the doji. Not trying to come across as knowledgeable here. Just two very basic observations. Hoping my first post marks the turnaround.