having fun at the pumper's expense!!!!
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Really there is no market for these shares.Just back and forth between MM to look like action..............this dog is dead
Is is substantially less than what GTEM spent in so called R&D At least that company has rented those blimps out and made money.How many has GTEM rented out for profit? I think GTEM and kroplin would be better served if they went across america to large car dealerships and have those old blimps the are trying to sell for years,turn a profit on renting them over those car dealerships?...don't you agree?
Just got off the phone with a person with knowledge about how many times JL is in the "virtual" office and she told me she just transfers calls into a voice mailbox.I asked,how many times do they "occupy" the office and was told once a week to collect mail.What she told me, the office is like a PO box for companies who can't afford to have a full time office. In my opinion,these set of offices are for transient companies and lawyers...
Mide,in this post you said with firm conviction,this http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29622434 Well,where are those FINANCIALS?
I found another company that has blimps that take wonderful,clear pictures,just like Sanswire/Tao. At a fraction of the cost. http://www.galaxyblimps.com/photography.html
GEE Bear,this is my last post of the day.Thanks for the headsup. I hope they do come up with those financials.It will be the death knell for the company.But don't worry,JL will just keep going on his new shell Sanswire corp. You will have no shares because its a separate company that only he and kroplin own. LOL,it's not a sub of GTEM,go check yourself!!..........LMAO
Butch,the only thing that will dissapear is GTEM. Did you know they have trouble with the SEC? You can read all about here.........http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30490183 Butch,you think the SEC is ignorant?..........LOL
Cole,its laughable that they get caught in their own deciet!!!! They will stop at nothing to make excuses and try to coverup the mistakes.Make Globetel look good at all costs.LOL
Warp,when you call the company,who answers the phone? Is it the woman who answers the phone for all the "virtual offices"?When JL calls you back,are you sure your speaking to him? Does JL or RB make you feel all warm and fuzzy that you have bought into the company ? Why would you believe them after all that has been done to shareholders? Fool me once,shame on you,fool me twice,shame on me.I will never believe a word those two have to say.
Why would you ask me "whats up with that"? from an earlier post,you said I was deceitful?This will be my last response to you.I ,like all others who got sucked up in the frenzy, bought shares around the time the russian fiasco took place.I sold most of my holdings at a small loss,but still keep a few to remind me that it was stupid to believe all what this company puts out in their PRs. It still boggles my mind how Globetel can outright lie and think they can get away with it.Thats why I am here Warp,to make sure no new investors get caught up in the hype of this scam company!! It is my right as a shareholder to voice my opinions and concerns.Anymore questions?
Skyvision,I hope and pray,that this goverment or any other, would not give a thin dime to Sanswire.There are other non-scam companies that would do well with the money. The only thing Sanswire/Globetel should recieve,is an injunction to permanantly bar them from ever being a public company!!! That is MY opinion.
I wonder why Globetel will not release the names of these Goverment entities who were at the showing in Germany? there really is no reason not to?It is just more smoke and mirrors,to make more speculations, so these boards can whip investors into a frenzy,and hope they buy into the scam........GLOBETEL,WHERE ARE THOSE FINANCIALS!!!!!!!
I think you had better go back and read the SEC complaint.Maybe you can find a translation in German!!!!
Thanks for 'your' support Meanmikeca!! We are just trying to educate the investing public to this company GTEM, what the SEC calls a FRAUD!!!
This is just a reminder for all to see.........
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 20550 / May 1, 2008
Accounting and Auditing Enforcement Release No. 2822/ May 1, 2008
Securities and Exchange Commission v. GlobeTel Communications Corp., Timothy J. Huff, Thomas Y. Jimenez and Lawrence E. Lynch, Case No. 08-CV-60647 (S.D. Fla., filed May 1, 2008)
SEC Charges Florida Company and Three Former Officers For Accounting Fraud and Unregistered Stock Sales
On May 1, 2008, the Securities and Exchange Commission filed a civil action in the United States District Court for the Southern District of Florida against GlobeTel Communications Inc. and three former officers of the company, Timothy J. Huff, Thomas Y. Jimenez and Lawrence E. Lynch. GlobeTel is a publicly-traded telecommunications company headquartered in Fort Lauderdale, Florida. Huff was GlobeTel's chief executive officer, and Jimenez and Lynch were its chief financial officers during the relevant period. According to the SEC's complaint, Jimenez and Lynch participated in a scheme to inflate GlobeTel's revenue and then hide millions of dollars of unpaid receivables and liabilities between 2004 and 2006. The SEC alleges that GlobeTel recorded $119 million in revenue on the basis of fraudulent invoices created by two individuals in charge of its wholesale telecommunications business. Jimenez and Lynch are alleged to have made, or caused to be made, entries on GlobeTel's general ledger that improperly offset the receivables associated with those revenues against the liabilities, thereby concealing the revenue fraud from investors. Huff is alleged to have caused GlobeTel to sell $1.6 million worth of GlobeTel common stock in 2005 in violation of the registration provisions of the federal securities laws.
The SEC alleges that GlobeTel violated Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933 ("Securities Act") and Sections 10(b), 13(a), 13(b)(2)(A) and 13(b)(2)(B) of the Securities Exchange Act of 1934 ("Exchange Act") and Rules 10b-5, 12b-20, 13a-1, 13a-11 and 13a-13 thereunder, and seeks as relief a permanent injunction, civil penalties, and disgorgement with prejudgment interest. The SEC alleges that Jimenez and Lynch violated Section 17(a) of the Securities Act, violated Section 10(b) of the Exchange Act and Rule 10b-5 thereunder and aided and abetted violations of those provisions by GlobeTel, violated Rules 13a-14 and 13b2-1 of the Exchange Act and aided and abetted violations of Sections 13(a) and 13(b)(2)(A) & (B) of the Exchange Act and Rules 12b-20, 13a-1 and 13a-13 thereunder by GlobeTel, and seeks as relief permanent injunctions, civil penalties, disgorgement with prejudgment interest and officer and director bars. The SEC alleges that Huff violated Sections 5(a) and 5(c) of the Securities Act of 1933 and seeks as relief a permanent injunction and a civil penalty.
Without admitting or denying the charges against him, Lynch consented to final judgment permanently enjoining him from future violations of Section 17(a) of the Securities Act and Sections 10(b), 13(a) and 13(b)(2)(A) & (B) of the Exchange Act and Rules 10b-5, 12b-20, 13a-1, 13a-13, 13a-14 and 13b2-1 thereunder, imposing a five year officer and director bar and ordering him to pay a civil penalty in an amount to be determined by the court. Without admitting or denying the charges against him, Huff consented to final judgment permanently enjoining him from future violations of Sections 5(a) and 5(c) of the Securities Act and ordering him to pay a $30,000 civil penalty.
And for truthfull DD, all should read the the complaint and decide for yourselves,is this a good choice to put your hard earned money in?.........http://www.sec.gov/litigation/complaints/2008/comp20550.pdf
Thats OK Jet.I am sure,someone has contacted the SEC and showed them the smokescreen GTEM is using to pump up the SP.This Sanwire/Tao,owned by Sanswire corp. is nothing but a ploy/deception,that will be uncovered.
I guess we will be seeing Globetel in the upcoming issues of the SEC report.........http://www.sec.gov/news/digest/2008/dig061208.htm This is what happens when you don't follow up with what the SEC wants............FINANCIALS
Cole,sorry to get off topic but,since you are so astute,in your keen observations of this company,Why do you think they are late with those financals? any ideas? TIA
Warpcore,Who told you that the SEC is working with Globetel?If the company told you that,what else would you expect?The SEC is not chummy with any company that they filed charges against.Either GTEM produces those financials in a manner that coincides with the court or poof, gone.Why do you think Wienberg is going thru those numbers with a fine tooth comb?I will tell you why,because they do not believe,GTEM is being honest with them.Who would trust a company that is under investigation and charged by the SEC with fraud! I am truly surprised that they would take on such a job. The only thing I can think of is they want to clear Wienbergs name in the face of other financials put forth.I have no doubt whatsoever,that the SEC will hammer GTEM for fraud and disgorge them and stop trading their toilet paper they call stock. PS Warpcore,I do own shares and it is my right to wipe my arse with them if I feel like it.I do not have to sell and begone like you and others hope. I will stick around for the train wreck that is coming from GTEM........GLTY
Where are the financials? I Find it amusing that GTEM comes out with the overly promotional hype over this Sanswire/Tao rehash garbage and everyone forgets the real issue this company faces. SEC charges and those damn financials.Why can't they not put them out?They can pass the buck and blame the auditors,but IMO reality says if they do put them out,they would be incrimnanting themselves.Thats why the financial ball is being dropped so to speak with all this ballon hype. GTEM PLEASE SHOW US THE FINANCIALS!!!!!
Risk, it is refreshing to hear the "HONEST" truth, concerning this company called GTEM . It feels good to breath the fresh air!! How can any "New Investor", not know the truth.ThankYou Risk for enlightning the masses to what the SEC calls this company, A FRAUD!!!!
Nerd,how would you know Kostro met with the SEC? Can you back up "your" statement with a link?
Ahh,Hello,I think you need to look at 'your" CEO for guidence on who is left from the "OLD REGIME"
Cole,could not say it more eloquently than that.
I looked at the post from yesterday>there's nothing there to suggest such a wild speculation
What is it other brokerage houses know that you do not know and why are they changing their opinion of the company but you remain fixated on the past and only the negatives?
Can you please tell us which brokerage houses are changing their minds? can you provide any proof of this?
Don,have you been reading the board? The ship has alread been to 65,000 feet and back.A poster here,with BIG connections has stated so. I wonder,who to beleive,the company or these message posters?
Modlam,that is absolutley correct.Jon knew about it all.that is what a corporate lawyer 's job is,to protect the company from making UNLAWFULL acts. I guess the SEC see's it very differently from you. When this company gets stripped of it's shares,I guess we won't be hearing from you again.......BYE-BYE
Gee,I wonder where you get that idea from? Without knowing anything about this suit, my best guess is that it was originated from the old guard. Some familier names like, Joe, Tim, etc. You know, the whole gang. Like I said, get rid of the dirty laundry. I was under the impression that the NEW CEO was part and parcel of the "old" regime? Next,are you going to say that he was not privy,to the inner workings of GTEM? He was the Corporate lawyer of GTEM.Everything that was put out to the public thru PRs and all SEC documents went thru his desk. There's not doubt about that! That is his job!!!
I guess panetta's got some shares to try to pump up the SP? IMO it will not do any good........LOL GTEM will stop at nothing to sell those shares huh?
Modlam,does it really matter? That judgement is just one in a long list of judgements against what J.Leinwand himself called Globetel. what looks like a small S.Fla scam company!!!!!!
LOL,if you have not heard,I am a shareholder already.They have to prove beyond a shadow of doubt that those blimps can go to that hieght,then I will beleive and buy more.I hope that answer is enough!!!
Can you name the "BIG" talent that this company has signed contracts with?To play those tourneys?.........waiting for your reply
First of all,what do those pictures prove?A blimp flying around,big deal.Those pictures are taken from atop a mountain looking down over the city or town,it might look like it's high but the Goodyear blimp can fly those altitudes all day long. Show us a flight from the blimp using telescopic lenses at 30,40,50,65,000 feet and I am a big buyer!!
Run,it seems you're trying to convince yourself that GTEM is a viable company with a great business reputation? Do not let your heart dictate,what your mind is telling you. If you been around with this company,you should understand that they have such a lousy record of producing anything.Let them "prove"their worth first,then invest with your head. GLTY
Oh quite the opposite.I still own shares.I have a vested interest in what goes on with the company! My loss is not your concern. The focus should be on the company and it's years of deceit laid upon it's investors.
I placed my bet and lost.I do not want to see newbies get caught up in this circus act called GTEM. I like to keep people abreast of this corporate scam!!!Don't you?
Justfrank,I think you and others are confused?What I am getting at is this post http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30229468 why did he come up with this post?Why at that time?I guess he did not get the results he was looking for in the SP!! As Pagan stated,it's pure conjecture until otherwise proven,which he cannot or will not!If it does not come in the form of a PR,it's not to be trusted info! PS then again,no PR from GTEM can be trusted either!!!!!!
Well since the cat is out of the bag,so to speak,maybe he can have GTEM release the info in the public domain for all to see? That would be refreshing,NO?
OK Mide,please post a verifiable link to show it went up that high and what military unit? I am only asking because you seem to know alot of inside info from "your" posts.......waiting for the links.........thanks!!