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There is no evidence other than your baseless speculations that he is gone.
If he has left the company, it was at the current CEO's discretion, for ensuring the right people are in the right positions and performing!
If VPN holds 51% and GTEM holds 49% what other shares would be available to trade?
This will be recorded on BTEM's Balance Sheet as a subsidiary, and the percentage of Net Revenue would roll up into GTEM's P&L statements.
There will be another announcement of another more significant deal soon I believe. When exactly this will be PR-ed and 8K-ed is not clear to me at this time.
I have a prediction....I checked my numbers and it appears...let's see now.....hmmm...it appears that a new deal will be announced...a partnership it appears...ah...not for a Hotzone it seems...but it appears that a partnership may be in the works with an organization which was much discussed around a little over a year ago.
I will let you guess and speculate who that might be. Until that is announced or a completion of the Internal Audit Committee's due dilligence and a restatement of Asset valuations on the prior Quarters' balance sheets is restated and reported, we may not see much movement here.
))
Here is an email I received from Rob today:
Danielle,
Dr. Muntz is on our board and has been a wonderful contributor to the company, and has been on the Board since our press release stating so.
Since we are redoing the whole website, we are also doing new profiles, committee composition charts, etc. This might be where some of the confusion is.
Serenity Now,
Rob
If he is not talking to you (I cannot imagine why?) how would you know his state of mind?
Your expertise, business acumen, and optimism is most welcome here.
In addition...assuming they ever get that Strat. into the air and prove the concept in a "free flight test" at Edwards AFB, the backbone will be a nonissue.
Anyone have any idea on what this approved trademark is all about?
http://tarr.uspto.gov/servlet/tarr?regser=serial&entry=78762895
How would you know that? Why would they talk to you and disclose the details of a private business transaction?
Interesting that I, along with others, at Schwab can place trades freely online.
I suppose Schwab has no such policy? I called someone I know at the local Schwab office, and they just laughed, at first, when I asked them about this.
People may be frantically busy...ever consider that?!
tradeforyourlife...good to see you too! )
"when this company is liquidated" ah, perhaps you can give us a good guess on what event might trigger that?
Who can blame you for being skeptical after this stock tumbled down a death spiral from $3.68 right before the move from the OTC:BB to the AMEX, to where it now sits.
I agree on one thing...until it is reported in the 10Q that a deal is signed and financials demonstrating the revenues are reported, all is just words at this point.
tradeforyourlife....you said:
"First off, these divisions are not 'assets', you may like to call them that but ACTUAL accounting tells us that they are not. They are composed mainly of intangibles (as stated by Globetel itself) and that is they way in which GTEM holds them on their balance sheet."
----
1. "these divisions are not 'assets'"
really ????? and where did you learn accounting?
2. "They are composed mainly of intangibles"
Wrong again 'warren buffett junior'.....they are composed of tangible and intangible assets, along with liabilities.
I can also attest to that fact. he works out of his office in Texas. He is rarely in the Florida offices.
risk_it_us. You said....
"
I'm risk_it_us not stupid_is_us LOL "
Why would we think anything like that?
I have this feeling that we will be hearing some news and updates very soon. I am anxious as most here to learn about developments, but no business is built in a day. The new reorganized mgt team is doing the right things IMHO
Caio.... Danielle
Centerline made its revenue numbers,Strat float test completed (albiet late...but what tech. project ever meets schedule?)....what else can you moan about today?
I agree with you on that. Maybe a short covering for their own house account....Very typical
.44 and .45
59K and 35K blocks went through
A nice excuse for charging you more commissions for a broker assisted trade is how I see it.
Actually I would love to have an Israeli phone number routed to my cellular phone here in the US. I would gladly pay $19.99 for that!!!! I finally would be able to have my family call me directly, as a local call for them.
read the threads...this has been discussed.
In summary:
- a GTEM employee registered the entity and is not necessarily an owner (actually a legal counsel) which is considered a standard practice
- GTEM has begun moving out of the Pembroke Pines offices to a new location closer to the airport and transfered leases to other entities
Some people just "do not get it" regardless of how you 'spell it out' to them. Okay shinkdew, you are right, it says what it says in the 10Q note, but business is not conducted the same way in every other country in the world, as is practiced here. If you cannot understand that, then I do not know what more I can say!
No it is not a lack of interest from what I understand. Contracting in foreign countries requires a lot of personal business relationship building (not so common here in the US admittedly) and so contractual negoiations take more time. People who wish to extend a business relationship with another, need to take the time to develop that relationship....Tim Huff has made a good start with this many months ago, but it will take some time to consumate and get agreement on all the terms and conditions.
Its frustrating to say the least, but the process "is what it is" and we will have to have patience and see what develops. Until revenues are reported in the 10Q anyway, we have nothing regardless IMHO.
The only thing I could agree with you tradeforyourlife is the statement you made "IMO".
Actually GTEM is in the process of moving to new offices, closer to the airport, and has transferred leases to a number of other entities from what I understand
I am able to buy and sell online at Schwab with no problem. It appears E-Trade has a bit of short covering to make up for and is "hurting"
When I see revenues for this line of business reported on the 10Q, only then, will I believe it. Not until then!
We are all waiting on the 10Q for 3rd Qtr 2006 by the way........hello!!!!!
They may simply be Test Marketing a new concept. Not uncommon
CORRECTION: Rob Bleckman just sent me an email, correcting something I mentioned yesterday. The burn rate on that Magic Money line of business was $1.5M per year....not per month.
Now I see why MIDE has finished posting his conversations with RB here. Geez...get a grip.
I understand doc.
Doing business overseas takes longer. Most people here in the states have no clue as to why business dealings are so long and drawn out for overseas deals. International business contracting takes time, for many reasons, not the least of which relates to an extensive amount of time in business relationship building.
I am long as well and I am in a similar boat with you. Hang in there pal!
If you wish...I have some leftover Vicodin and muscle relaxers, from my recovery period this summer, from back surgery, that I am willing to share
)
Strat float testing, Centerline profitability, successful proof-of-concept test of the integration of Strat & WiMax, StratVoIP rollout......reconstituted BOD, new internal controls and reorganization,....
No I do not agree. The development of business relationships in overseas markets takes almost 3 times as long as it does here stateside. Ask anyone who has done business in China and Mexico...or anywhere overseas for that matter, and you will hear the same thing.
The reason is that there were commitments and agreement milestones with the Indian firm which gave GTEM an understanding that certian revenues would be forthcoming. The mistake, was that a contract does not necessarily mean operations would start on time over in India. My understanding (or misunderstanding as it may be) is that the company which had signed the agreement to deploy this technology over there, had some internal "politcal issues" with regards to which internal division within their own firm would operate and manage this line of business. These internal discussions took a long time, and in addition, the concept of investing the time and effort in relationship building over in India, during this time, was not appreciated as much.
The contracting in a foreign country takes time. It is not like here in the U.S. where everything is driven by contractual clauses. There is a tremendous amount of personal relationship building in developing business overseas. Most people here in the US are not sensitive to this. I have conducted a lot of business over in Europe and the Far East and it is not always a case where a trigger is pulled and a contract is signed once conditions have been met. There is much more to developing business overseas than this. Most American businesspeople are very frustrated by this, and some do not succeed as a result of their lack of patience and relationship building pre-requisites.
Spoke with Rob Bleckman this morning. I am posting a summary of my understanding for the benefit of others on this board.
- Mexico is still an opportunity being developed. Negotiations and business relationship building in foreign countries such as Mexico takes time (I can personally attest to this myself, having worked in multiple engagements overseas).
- Strat testing is proceeding. Two outdoor tests at the Palmdale hanger have been completed with varying tests with different equipment and payloads. Doug Murch has been a great mentor and leader to the entire Sanswire team and the rest of the Sanswire team members really appreciate and value his leadership.
- Discussed the sale of the money remittance program. This part of the business was creating a cash burn of over $1.2M per month and selling this part of the business, which did not even fit in to the overall business model, was the right thing to do at the time. GTEM has options to utilize the technology, when and if, it decides to reenter this part of the business, at very favorable rates.
- SEC investigation is ongoing. No idea when this will be completed. It is up to the SEC. GTEM has been approached by a number of MMs willing to support sponsoring GTEM on the OTC:BB, but the company has so far declined, until after the SEC investigation has been completed and the completion of some internal milestones with regard to its business plans.
- The lawsuit has been answered on time, back in Dec. with a 100 page brief answering, in detail, all of the charges. The motion for dismissal is now under review by the court.
I feel positive about what I heard.
BR....Danielle
I am not saying that Raytheon is not somewhat interested, but your "drawing of the dots" is still conjecture at best. I would not expect serious partnerships signed and sealed until such time as a free float test, at a substantial altitude, has been successfully been completed at Edwards AFB.
JMHO