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Because the tests will probably take more than a week to complete, thus upcoming weeks. They are most likely testing different arrays to ensure lifting capacities etc are in line.
I seems to me that they must have the numbers complete, otherwise the SEC filing against JM and V would not have been possible with the exact % of the dollar scams. They were like 439% overstatement etc. Maybe this is a timing issue, ie the SEC filings against JM and V, next lining up funding, then release big news, then release the numbers. The reason being that they don't want to see the SP go to near zero with good news behind it as we all know that the restated numbers will probably be devastating. Just IMO.
You see how leaving out certain parts of a sentence can change the meaning?
The staff is also considering recommending ....
Wonder why you left the above out the entire sentence??
I agree - I never thought the company was dead (close but not dead) and they certainly have my continued support. I have also given my support to the remaining 7 as they are the ones who have fought the JM onslaught and many others. I give them all a "Thank You" for their efforts in trying to bring shareholder value back. It's always easier to give up than to fight the hard battles or to critize rather than support.
mide, the issue is the efficiency of the equipment in terms of electrical draw. All AC or DC power can be converted one to the other. If the equipment is efficient, they will draw little amps to run. During the day, enough amps are supplied by the solar cells and at night stored amps are used, even though some solar cells can generate power from moonlight, light being the operative word. So, if the equiptment draws amps efficiently and the charging systems are constantly supplying power as well as putting stored energy away for night operations, the airship could theoritically fly and operate for long periods of time. Voltage is only 1 part of the measure of storage requirements - it's the amps required that are the most important measure. So, if a radio puts out 48V but only uses 1/2 amp, that's the measure of the storage system required for continual operations. The more efficient the better. V=IR (V=voltage; I=amps; R=resistance)If R is low(efficient) and I is small, then the V required is calculated. Anyway, that's how I see it. Anyone else jump in here.
Agree, and this filing today was enlightening - to say the least!
IMO the SEC issued GTEM the Wells notice because GTEM failed to get out the restated 2004 on time and the SEC was waiting on it to file against JM and V. Maybe - maybe not, but as good a guess as any other.
Didn't Johnny Cash sing a song about where JM et al are going? It's about time that shareholders found out what the Wells notice against JM was all about - all I can say is WOW!! Good DD mide and thanks.
Yes - it's the name suggestion screen that pops up. Same screen as when you select the help us choose a new company name.
nil, for the V maybe state V=Voip,Voice,Video. As to the E, maybe E=Evolution. You have a good idea IMO.
mide, I agree- what a great deal to keep this dead, err, ALIVE JV going. And like you I say, thanks Cole and Joe for this great info!!
What about "Sanswire Telecommunication Systems, Inc" (STSI)
or
"Sanswire Global Telecommunication Systems, Inc" (SGTS)
Means Telecomunications Systems without wire.
The Strat is the high altitude system
The skydragon the low altitude system
Hotzone the wireless interface system
etc.
Just saw where GTEM is asking for suggestions on a new name for the company moving forward. After looking back on the last year and seeing how amazing it is that this small company is still chugging along with all the issues heaped upon them, and particularily the piling on by the basher crowd, I've decided to submit my name suggestion that really fits this company. How about "Basher Smasher, Inc."
crash, I agree that Dohan could end up being involved in a shareholder class action lawsuit if they keep this up because they were involved with the errors to begin with, and secondly they seem to be making little attempt to complete their review and get the numbers restated. Pay or no pay, they were already paid for their first screwups. Fortunately, I have all the current bashers on ignore so I will not see, nor do I care about, any of their responses.
What other line(s) are there left for him to cross?
mige - appreciate all your efforts and this report. Thanks
Not really. I think what sums up Dohan is CYA.
Actually it's "GlobeTel Communications Corporation (GTEL)". We were discussing the symbol GTEL or GTEM and GTEL is the symbol of the registered Delaware corp. GTEM is merely a trading symbol for GlobeTel Communication Corporation. While I know most know that, just wanted to make it clear.
Wrong, GTEL is the registered Delaware Corp - GTEM is a trading symbol. Good try.
eqbeck - Google "POSS technology" and there are a number of articles about the tech. Interesting stuff.
ShakeyGuy - It wasn't mass mailed to the mailing list at GTEM -it was mailed to all those that had emailed him for answers to questions about the WN on Friday. See opening paragraph below.
Again, I find myself in the position of having hundreds of emails to answer and a limited amount of time. Rather than let days drag on before I can respond to you personally about the specific content in your email, I’m using the dreaded form letter method of communication until I have the chance to write back to each one of you personally.
griff100 - Notice that there is a 10% buyers premium in this auction and a $300 entry fee. As I go to a lot of auctions, I have never seen an auctioneer that lets an item go for anything less than the maximum amount that they can milk out of buyers as that is how the auction firm makes their money, the more they sell the more they make, ie. based on a pre-established commission (which is calculated on the selling price) plus their Buyer's Premium added on top.
mide, could the VOIP Division be the future link with the JV in Mexico( as well as Brazil)? I recall in one post (think it was DocS) that the mgr on the NMC end said that they did not yet have Internet phone service through NMC, but that it was coming. So, maybe that's why the Division is still on the record books. The P's see it as a future money maker, ie calls between the US and Mex. Just a thought.
mide, I agree with your point that this is a big deal to get the ball rolling. Why do you think it is just now getting done? I think Khoury, for some reason was resisting the move to restate the financials. Notice that within a few days after Leinwand was appointed CEO, GTEM engages Dohan to complete the restated financial review. From the timing,it appears to me that there was some disagreement between the big three on the hiring of Dohan, and Khoury lost.
glow_beatle, if I recall correctly, when you exercise an option you have to come up with the money to pay for them. Most probably, his options were above $2 - $3 range and he would have to come up some cash to pay for them. Being in his current situation, may have just elected to not exercise them. Just a thought. If my premise on options is wrong, I stand corrected.
jfburk, you state "I am passing on responding to the negative individuals on this board". You are so correct. I have fallen into the trap of responding and will now take your point and cease responding to any of the bashers that have infested this board. Thanks for reminding me.
xs_alan, thanks for your information on the NMC operations. Appreciate facts over rumors.
Good try - you mention speculations by people, not hard information from within a company that could give traders and their friends an advantage to dumping or buying prior to the general public. Of course you know that and are trying to smooth and blur the lines about legal speculation and illegal inside information, which is against the law. That's the big deal! Get back to your bashing on another subject - this is too obivious for you to waste your time on. No need to respond - pick another subject.
glow_beatle, like I said, it is a WAG, but there is someone within GTEM leaking info and they need to root them out. Glad you feel that Khrouy was not letting out any info to JM and that they were at odds, so to speak. Thanks
The JM site link was sent to GTEM on Sep 9 and my understanding is all such materials have been forwarded to the SEC on an ongoing basis for several months now.
ShakeyGuy, the difference here is that allegedly one of the ring leaders has already received a notice from the SEC and now is involved in trying to sink GTEM with posting inside information, a direct violation of established laws. Seems to me that such continued violations of laws, ie publishing insider information for public consumption prior to a companies notification to the public of confidential events, flies in the face of the SEC. So while GTEM is a small fish, there may be other factors that will cause the SEC to take action. All just IMO. We will see.
I don't think any of them will be that lucky. When the SEC gets what they need to proceed, they don't walk lightly. Will be interesting to see what happens with some of the infamous group that has tried so hard to sink GTEM and manipulate the SP in their efforts.
To get this very important information you are seeking, do your own DD and go back over the posts on Ihub where this whole topic has been thrashed to death. Starting a new thread on an old subject is useless. Call VK - sure he would be glad to answer all your "new" questions and fill you in on all the inside info he has gotten from JM and friends.
Bad idea, as VK has been very much involved in trying to destroy GTEM with his inside info posts etc. from JM and friends. Just IMO. But I'm sure you knew that already.
Could be that management felt not enough attention was being paid to the JV, which is obviously extremely important to GTEM at this juncture for future revs. Also, and this is just a WAG on my part, could he have been the source of leaks at GTEM to JM, maybe close friends etc. and thus the need for a management change?? Not saying Khoury did this, but the old saying "loose lips sink ships" might apply.
What's criminal is the inside information getting out from GTEM. That in itself is an SEC violation of law and VK is involved with that. So, if the SEC looks into this issue, VK and his inside friends are toast, IMHO. I can only hope.
gtel1, it appears that as of Friday, DIMENSIONAL FUND ADVISORS INC has not sold any of their shares. However I believe this info is updated quarterly, not sure. Nil would know. But you can use the link below for info and future updates ref Institutional holdings.
http://www.nasdaq.com/asp/Holdings.asp?symbol=GTEM&selected=GTEM&page=holdingssummary
DocS, one more point that your post confirms is that there is an NMC web site as in your conservation you stated that the NMC rep said "One then can continue service upon logging on to their internet site..." That debunks another false rumor that there is no NMC website yet. Good info.
Thanks DocS. Good info and appreciate your post. I would recommend that you email this to GTEM and alert them of the news as they seem unable to provide it to shareholders. Strange that people have to scrounge around to get any crumbs of info because GTEM has gone into a silence mode. Still long and holding. Glad at least you, Serious1 and xs_alan have confirmed that there is a NMC and that they do have customers proving that it does exist and is operational and expanding. Thanks again DocS. Ken
holter, don't mean to be picky, but let me try and understand your post. You called NMC in Mexico, where the person spoke Spanish and no English, and you speak English and no Spanish, and you feel "you got nowhere". Does that surprise you or was this intended to be a joke, or somehow a negative spin on the NMC JV? Just curious.