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I've have to believe the financials were a 'trainwreck' when they were turned over to SmartWear. That is probably why it has taken so long. SW is probably still mopping up all the previous problems, it doesn't happen overnight. Global was not a going concern with any sales or revenues. It can take a while to revive a patient near death and bring them back to health, (like Global).
I give you Kudo's on the .007 call but I have to give the new team a little while longer till I give up. We knew it wouldn't be overnight to build 'a company'. I am not just looking to flip the stock, even though it is a penny stock.
Buy some shares, join us, now is better than ever. We are closer to knowing the outcome of our wait and the price has never been better.
GLTA
I've got to hand it to Luv, he said we would re-test .007
5000 shares for the day @ .007, totals $35.
I hope it is the last time he is correct. No quantity to be bought under 1 cent. It is time to hear/read about the companys progress. Lets Go.
GLTA
JimmyRich just gave a good example of how $2000 can move the thinly traded stock. (from just under a penny to 1 1/2 cents, over 50% move). No news, no insider buying, just hitting the ask a few times. Wow. (but obviously it has worked against us to the downside as well when the thinly traded stock was sold at the bid going down).
Sorry to see so much fighting going on. I quit commenting for a while. I was a little disappointed in my trip to Henderson, but no deal breaker, just a gathering address and meeting rooms. I am sure there are tax advantages to Nevada that make it good for all of us.
I wish there was more transparency to the progress we expect, but I am still willing to wait till the end of the year before I join the pitchfork crowd. (A shareholder should not feel slighted if a CEO doesn't return their calls. The rest of us want the CEO to be working hard and make press releases to everyone). I've waited longer than this in the past and it worked out, good things take time.
JMHO... GLTA... I am patiently waiting
Hello Luv and Southern,
I appreciate all the info both of you post. I am sorry to see too much negative dialog between you. I know each of you feel like you are defending yourself.
I don't care if the stock info is pos or neg, I want to read it. Let us agree to just disagree about the info.
My mood about this changes when I am tired of waiting but I still hold the stock. Please don't hold me to something I said on a chat board a long time ago when I felt more pos or neg about a topic. Attitudes change with information.
Good luck to both of you.
First time poster for SIVC....
Just tried to buy on ST and they said it came up as "accepting sells only" "not accepting buys at this time".
Don't know whats up but I thought I would post it. I will call everyday to buy and see when it changes.
GLTA
I hope he has seen more than we know and sees a big opportunity. If he took stock options that he believes will be his big payoff then that would be a positive outlook.
IF IF IF Hope Hope Hope
I'm still waiting. Picking up a few more here and there.
GLTA
I am all for RFID for safety and security and etc.
Below is an article from a group that doesn't see it our way. They oppose RFID in clothing as privacy infringement. May be why it has changed directions, I don't know.
Anyway, article below.
-------------GLTA ..... interesting if nothing else
RFID In Your
Clothing And Shoes
By Katherine Albrecht
8-13-8
RFID WHERE?
You'd better look at your shoes, socks and underwear!
Protesters will gather today in Manhattan to greet attendees of the third annual "RFID in Fashion" conference, an event organized to promote the use of RFID in clothing and footwear. Dr. Katherine Albrecht, the Harvard-educated privacy campaigner featured in the film "Freedom to Fascism" and co-author of the bestselling book "Spychips," will be on-hand to speak to attendees arriving for the opening keynote this afternoon at NYC's Fashion Institute of Technology.
The conference features two days of speeches and events to advance apparel-industry uses for controversial Radio Frequency Identification or RFID technology. Past attendees include New Balance Athletic Shoes, Reebok, Levi Strauss, American Apparel, Liz Claiborne, and Jockey, along with retail outlets The Limited, Timberland, and Dillard's.
Albrecht planned today's protest after discovering the conference would promote the use of RFID in individual clothing items. Known as "item-level tagging," the practice of placing RFID tags on consumer items (rather than on crates or pallets in a warehouse) has been widely condemned by privacy and security experts.
Experts caution that such tags pose huge privacy and safety risks to the public. Used to track inventory in warehouses, RFID tags can easily be used to track people as well a fact that can be exploited by marketers, government agencies, and criminals. IBM, for example, has patented RFID "person tracking units" for placement in walls and floors to allow marketers and government agents to secretly monitor people's movements. They suggest using the devices in public spaces like shopping malls, theaters, elevators, and restrooms once RFID is implemented at the item level.
"Consumers shouldn't have to worry about tracking devices being sewn into the seams of their clothing or pressed into the soles of their shoes," said Albrecht. "We are putting apparel and RFID companies on notice that consumers will protest any item-level use of RFID on apparel."
In 2003, Albrecht's consumer group CASPIAN led a successful boycott against Italian clothing manufacturer Benetton. The resulting worldwide opposition forced the company to cancel plans to sew millions of RFID tags into women's garments.
"Consumer awareness and opposition to RFID has grown exponentially since 2003," Albrecht said. "Any U.S. company foolish enough to use RFID on apparel will face stiff repercussions."
The RFID in Fashion 2008 conference website can be found at: http://www.rfidjournalevents.com/fashion/
-----------
ABOUT CASPIAN
CASPIAN (Consumers Against Supermarket Privacy Invasion and Numbering) is a grass-roots consumer group fighting retail surveillance schemes since 1999 and irresponsible RFID use since 2002. With thousands of members in all 50 U.S. states and over 30 countries worldwide, CASPIAN seeks to educate consumers about marketing strategies that invade their privacy and encourage privacy-conscious shopping habits across the retail spectrum
OUR WEBSITES
Human Chipping: http://www.AntiChips.com RFID Tagging:
http://www.spychips.com Shopper Cards:
http://www.nocards.org Boycott Gillette:
http://www.BoycottGillette.com Boycott Tesco:
http://www.BoycottTesco.com Boycott Benetton (2003):
http://www.BoycottBenetton.com
-----------
ABOUT KATHERINE ALBRECHT
Dr. Katherine Albrecht is widely recognized as one of the world's leading experts on consumer privacy, retail issues, and RFID, or "Radio Identification Technology." She holds a Doctorate in Education from Harvard University, was appointed by NH Governor John Lynch to serve on that state's two-year RFID study commission, and is the director of CASPIAN, a 20,000 member consumer privacy organization she founded in 1999.
Since 2003, Katherine has led the fight against unethical RFID use in products and in people. She regularly testifies before lawmakers around the globe and has given over two thousand television, radio and print interviews to news outlets like CNN, NPR, Good Morning America, Business Week and the London Times, to name just a few. Executive Technology Magazine calls Katherine "perhaps the country's single most vocal privacy advocate" and Wired magazine calls her the "Erin Brockovich" of RFID."
-----------
CONTACT // LINKS
Dr. Katherine Albrecht Founder and Director, CASPIAN Consumer Privacy (877) 287-5854, kma@spychips.com
-----------
ABOUT CASPIAN
CASPIAN (Consumers Against Supermarket Privacy Invasion and Numbering) is a grass-roots consumer group fighting retail surveillance schemes since 1999 and irresponsible RFID use since 2002. With thousands of members in all 50 U.S. states and over 30 countries worldwide, CASPIAN seeks to educate consumers about marketing strategies that invade their privacy and encourage privacy-conscious shopping habits across the retail spectrum.
http://www.spychips.com/
http://www.antichips.com/
http://www.nocards.org/
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I picked up a little over 30k shares a short while back because I think the China connection has big promise in short order. I of course hope I am right and I will give it up to a year. Feel free to share any insights.
GLTA
It has been a month .... anybody around ????
Can't figure out who would sell here, I picked up 100+k 2 days ago and picking up more down here today.
I put in an order for 100k at 1.3 cents, I only got 5k and it jumped to 1.5. Not a lot of shares available down here.
GLTA
I think this one has a better story so I will wait it out, (GLGT/SmartWear).
Why would anyone buy PFEH ???? Because you suggested it.
I bought a couple million PFEH on your suggestion a short time back Luv, I said so when I did it.
No DD on my part, just some play $ to see if your pick pans out. I am just waiting here anyway. tick-tock-tick-tock.
GLTA
If we are giving potential questions up front for him to address... I would like to ask about the sister company of his as well, GTAP, if that hasn't been included yet, (maybe it has). I have had an interest in GTAP back when it was previously DNOB.
Any comment on GTAP would be helpful as well, (especially since one lent the other some $).
Thanks for your efforts.
I picked up 50k shares just because I couldn't resist more at 1.5 cents, (my lowest entry point thus far). Time will heal this one. I should by more but I'm heavy in the metals and getting killed this week.
I did pick up a couple million of Luv's pick so will see if he gets Kudos in due time.
Always a good time. GLTA
Due to lack of substantial info and falling pps I understand the dismay. I was a buyer at 5 and 6 so now under 2 frustrates me. I think of how many more shares I could have bought here for the same $. Although 192,000 shares @ 2 cents or less is under $4k. 5 million shares are not being offered here nor are they being bought. $100k would drive it right back up to 5 or more.
This is the tough period, waiting. I’m troubled there is not more transparency but I am still positive looking forward. I’m disappointed but not giving up.
All the efforts and news are in the right direction, (other than the increased shares we experienced). It seems to takes twice as long and cost twice as much as expected. (We want news, what's happening???????). I expected much more by now, the company probably did as well.
I went through a similar event with a previous stock play. I bought in @ 70 cents soon after they came out @ $1 and dropped. It went as low as 3 cents and I bought enough shares to average down to a dime, (I bought all the way down, but more at the bottom). It did a 1 for 6 reverse split and went over $3. I got out mostly between 2.5 and $3. I worried about all the things I see written here and those worries pop up once in a while today for me as well.
I’m looking forward to the end of the year.
Welcome back Luv, GLTA
Sorry for the delay, (family issues).
I may have missed your offer of 5 mil. looks like someone picked them up. I just got back to the computer and put in the order for 5 mil. Good luck to you if you keep them but I am ready if there are 5 mil more out there.
GLTA
Thank you for the offer of up to 6 mil shares @ .0001
I would be happy to pick up 5 mil tomorrow. I have $500 to spare and sit back and watch and see what happens.
Thank you
GLTA
I'd be satisfied to have you spread the word to me, (through this board), if you have contact with them.
Thanks.
GLTA
Did not mean to Preach. There had previously been a call to action by someone to make calls and e-mails.
It was my reply to say I probably wouldn't do it. (The IR Dept is fair game of course.... I don't want to slow down management with a ton of calls and e-mails).
You are right, I did not have time but I sent someone else to check it out for me.
I have an investment in China as well but I don't think I will go look at it.
GLTA
I appreciate the efforts of those who try to get info and share it with the rest of us.
However, I'm not big on calling or e-mailing the company in question. I wouldn't have invested as much as I did if I felt they needed me to push them along. I think too many calls or e-mails gets in their way, stops progress.
If it was a company we needed to hold their feet to the fire for progress then I would have invested less,(I do have a few long shots like that). But I picked this as a legitimate business opportunity and I will stay out of their way. Whenever we do get word it is always progress from the news before.
GLTA
Smart move. I hope by the end of the year you look like a genius. I should do the same.
GLTA
I'm not sure how you twisted my post like you did. The next thing I thought you were going to write is that I figured Bernanke owned the stock personally and would move heaven and earth to protect this little venture. I sugguested No Such Thing. I didn't even mention GLGT. It was for the market in general and financials in particular.
My question was confirmed today. There will be shorting regulations instituted. Although, for selected stocks, Paulsons financial concerns. It did give a pop to the financial stocks today, (although I bet it is brief, the fundamentals have not changed).
I am happy to accept whatever award you can give me.
You are asking a question we could only dream of answering.
Most of our crystal balls tell us it will be much higher and that is why we bought the stock. Some say they don't think so. I don't know if they really even believe themselves.
On another note: Didn't Bernanke say today there would soon be emergency measures to better regulate the 'Shorts', and the 'Naked Shorts' in particular, (all in the name of stopping the freefall of the stocks, financials specifically)? If so... this would go a long way in helping stablize all but the weakest stocks.the in men. Let me know if anybody else got that out of todays 'House Banking Meetings"
GLTA
The reason I give it a longer term outlook is because SmartWear was just emerging, looking to IPO when they did this reverse merger with the Global shell. They have long term ideas. If they are not just trying to double or triple their value and get out then why would I think they will do it for me.
I'm not claiming anything as fact but as we discussed here before most shells end up as 5% to 10% of the resulting company shares. According to what was discussed here Global is 100 mil and the tolal has been est. at 230 mil more for 330 mil grand total.
That gives Global almost 30% presence in the new company. I would say that is more than fair. Their first move wasn't to screw over the shareholders. I want it to happen yesterday, today or tomorrow. I bet Reed is trying to build a strong company long term, his share is probably restricted longer.
I will wait it out.
All that said, I realize this is still a Pink sheet. Strange things happen. I think it is the most undervalued play right now. I am in and watch a few others on the pinks. They argue about great company or scam all day. GLCC has 100+ posts a day and trades 2 to 20 million shares in a day. Their debate is similar. True solid company or pump and dump and move onto another symbol. I like what I've heard about SmartWear and I will wait it out.
GLTA
I have it scattered in several account, personal, Roth IRA and SEP IRA. Total invest rounds out to 4.6mil. I did some in the IRA's in case it really takes off, it is years before I need the $ and if it explodes to the upside I can sell and reinvest and not worry about the gains for now.
My average price is double where it is now. I was buying at 5 and 6.
We gotta be over a dime to make me happy. I don't think I would let any go till well beyond that price or its equivalent after a reverse split. I got time.
I stand corrected again, more tension than I understood.
I am sitting about the same as you JimmyRich,(w/shares).
I too want it to happen quickly. I figure a true business is thinking of growing for years and they are not worried about my quick profit. I only put in what I could lose and I have an 'end of the year' timeframe to rethink it if I am not happy.
That should be plenty of time to start seeing results or I will join the tension ranks.
GLTA
I would agree with that. The silence can be lack of interest or disgruntled but not wanting to post negative. I too feel we have been waiting too long, so the wait better be worth it, (that is the plan, I hope).
To answer you HotelBar: GLGT hasn't been off the Pinks or OTC for a while, since long before SmartWear got involved.
SmartWear is trying to reserect it back off the Pinks onto the OTC and then up from there I'm sure.
Most of us just want it to happen faster than it is taking place. I am still positive, but waiting.
GLTA
One post on the 11th, one on the 12th, one on the 13th and yours was the first on the 14th. (3 out of 4 of them are yours)
I would say thats pretty thin.
I read the board almost every day and agree many want to see something move forward and soon, myself included.
If 1/2 or more of the posts come from 2 or 3 people then I wouldn't generalize that as tension. We don't have 10 or 20 people posting here regularly and probable barley that reading here.
I think the story is just not out yet, thin trading and few people commenting.
JMO GLTA
I think the idea is that the MM's are short in their shares and manipulation.
-------------------------
YOU HAD SAID:
"If it was definite, how in the WORLD do you think it would be tanking this bad? You know that there are MMs w/billions of shares in this... they clearly have already manipulated the heck out of the stock before... so they could do it again. It would easily be worth a couple hundred thousand shares to push their remaining millions up closer to a dollar to be paid out at 8x that price.
Use some common sense"
----------------------------------
So the idea of a few thousand shares to push the price up so they can be paid on their remaining millions of shares ???
They won't get paid on 'short shares' in fact they would be required to pay up on them, that is the short squeeze being discussed here. The way I understand it.
My common sense tells me the shorts and MM's don't want the price up.
I agree with the conservative play of waiting till off the Pinks to show your hand. But, I don't think they are worried about a mass exodus. There is not too much below 2 1/2 cents.
When they are ready to announce.. it won't matter if it is 1 cent or 5 cents. I just hope it is soon, I am looking forward to this merger showing its value.
GLTA
I understood the Lexit or Logic-tect (can't remember the name) deal didn't go through, resulting in the Global (GLGT) merger instead. Is this correct?
Good stuff, thank you.
It brings up a few questions. It mentions the private company usually becomes 90-95% (not a hard and fast rule) of the new company through issue of stock.
If Global was to be 5-10% with its 100 million shares that means 1 billion to 2 billion total of which SmartWear would be 900 million to 1 billion 900 million. Now that would be a dilution for which Luvstocks could say, 'I told you so'.
But thats would it would be if Global is 100 million and only 5-10% of the final company.
If the outcome is Global 100 mil and SmartWear investors 230 mil as has been mentioned many times here, then I would think that is very fair to end up with 30% of the overall company from being just the shell.
The debate has gone on about SmartWear not being fair by giving themselves too many shares in the deal, but I would be pleased to have my shares in the 100 mil if that 100 mil is 30% of something big. (I think we are lucky it may be 330 mil and not a billion as the article suggests it would be by the usual percentages.
GLTA
I'd put a different twist on the recent post.
Luvstocks made me go back and re-read the last announcement. When it says they "announced today' concerning the firm to help file to get off the PinkSheets it leads to two connotations. On the negative side is, Damm, the process is just starting, look how much longer it is going to take. On the other hand is the positive, Wow, we have great help working on it, I bet it is almost ready to happen. I subscribe to the latter. They did not announce that they just signed up today.
They "announced today" something that was probably well underway and just now released the info.
Pro and Con. I am on the Pro side.
Just like the 'Expanded' relationship with To-Tel Net Logic, I take that as doing more business with them than previous.
I don't think I'm being scammed. Its not just a "put lipstick on the pig and sell it"
It seems these guys are on the ball and continue to move forward. I've been made to think due to posts on this board but nothing SmartWear has done scares me.
GLTA
I don't know for sure, not sure anyone can say for sure.
However, our moderator, Southern Gal, made a nice post #1690 which suggests 2-4 months if I read it right. So 90 days sounds fair. I would think it should be as quick as can be since we are hiring the right people to do it. We have been planning it all along so we must have the data ready. Its not like a big surprise that we just decided to start the process.
I will plan a vacation in 90 days and see if I can spend some GLGT proceeds then. That is the positive side of me talking.
GLTA
Thank you for the good vote of support Hardtail.
I am Long and positive about the stock. The two go hand in hand. I don't want to be blindly positive, but educated positive. It is still a gamble being on the Pinksheets. Out of all the Pinksheet stocks we did pick this one, so there must be something more positive about it.
Just like I don't want to be blindly positive I wouldn't want to be overly pesimistic. In gambling, one of the top priorities is preservation of capital. From that standpoint Luvstocks makes me think twice. I like the pro and con.
Luvstocks, you gotta admit todays announcement was a little better than you expected. I agree, it didn't say we were off the Pinks, just moving forward trying to get off. I still see it as a positive. You did wake me up the other day when I was happy to hear about the expanded relationship with another company. You were right to point out 'Expanded', nothing new. I still took it as a positive since it was expanded. I got the feeling your apprasial of it was just an extra press release pre-planned to lengthen out the scam.
While you are preserving your capital I added to my positon.
I am very interested to see how this plays out over time.
Thanks for the info.
Everything takes time. Even if they just now filed, it means they have been working diligently to get the income statements and financials audited, (they are not starting the process, they are well into it).
It appears to me they have been working at it and I am pleased so far, picked up another 145,000 @ the ask of .03 minutes before the close.
GLTA
I figured as much. I suspect it was directed to the deleted post, (not by me).
Thank you though for the clarification.
GLTA
I read your post about Lutz, thanks for the info, (but I don't think it applies to SmartWear). According to you he was with GLGT, you can't hold that against SmartWear if you feel it was bad judgement to have him as IR for Global.----------
as a side note:
I went ahead and paid the ask on GLGT at .028, but there were only 5000 shares available then the ask moved up. No quantity available under 3 cents. I'm ready for more, there are very few sellers.
I think we will be ok once the interest comes in.
I haven't filled an order below .03 as of yet. I am bottom fishing now. I have an order in for 140k @ .025, if I get it I will do it again. Not much available at this price.
Yesterday it closed @ .025, last trade today as of now at .024, but not much available at these prices. I gotta think it will creep up.
I was buying at .06 2 months ago thinking we were ready to fly.
Still positive on it, just tired.
Lets GET ER DONE.
GLTA
This is the link he sent for the European patent. I hit the link and it is SW/Reed and et. but it is a application for patent. Probably the same one Southern Gal mentioned.
http://www.wipo.int/pctdb/en/wo.jsp?IA=WO2006122041&DISPLAY=STATUS
You are right, it is not exactly as I stated. It is an application for patent.
They are moving forward with or without you.
GLTA
You have me on the carpet on that one too. It was a couple months ago when I first was interested in this merger deal. He found one or more patents with Reed/Jordan Scott/Reed. I have asked him to pull it up again, (to validate my claim that he had). He said he can find a European patent for the 3 of them, but hasn't been able to link the domestic ones he had produced before. Obviously he has a business to run, but he said he will put a little more time searching. (And yes, he does my taxes)..
Again, I spoke too fast, but with no intended malice or deception.
GLTA