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I have no idea...it would depend on how verifiable the information they put forth is.
They did after all announce a 600 million dollar contract at one point and look where that got us.
IF everthing can be verified (and product has been delivered and payment received and verified) and IF we actually know the details of this TAO agreement and they are favorable to GTEM - it could be huge - thats what made me buy into them in the first place. Lots of if's and when's...none of which have yet come to fruition, and they have not yet proved that they can follow through on a single stated goal.
I think it is better that 90-10 against us hitting it big vs. going belly up.
This is the reality of GTEM in its current state - the question is can they get out from under the incredible pile of their own excrement to actually accomplish anything?
I dont think we have aired all the dirty laundry yet...
I don’t see those items being completed as a foregone conclusion...they have had more than ample time to accomplish each, and report as much.
To me, the silence on these fronts is telling.
To answer your question - I don’t think they will accomplish them...so any share price increase will be ultimately quelled by the lack of one (or all) of these not being completed.
Now if they actually start knocking them off...different ball game.
I still cannot verify they have completed these - so I do not trust. Talk to me after each item is complete and my trust will grow appropriately…
You pretty well summed it up with this:
"That's the current battle, I wonder how goes the war on financial and contractual fronts. Those are the places where we always lose, so far."
Until we have clearance from the SEC, are current on our financials, and actually sell a product to someone (and are paid - and proof of both sides of the transaction exist) I remain skeptical. It remains hype and hope...
This is a step in the right direction, but accomplishes none of the above…and we’ve been here before many, many times with nothing to show for it.
Trust but verify...
Until we have audited financials, the completion SEC investigation, and then actually sell something to someone all we have here is hype - and hope.
We have seen this build up before - even the name and symbol changes...buyer beware until the above are a reality.
'Those who cannot remember the past, are condemned to repeat it.' -- George Santayana
If you are referring to the oft touted never realized TAO agreement or the Navy contracts as the "beating of the dead horse" I concur.
Given the fact that NONE (that's 0, nada, zip, zilch) of the past PR's put out by this company have come to fruition (other than those stating name changes, symbol changes and reverse splits of course) I stand by the comparison.
You are waiting for a dead tree to bear fruit...
My point is apparently lost on some...
You cannot selectively take items from the past (teaming agreement PR's etc.) and ignore everything else. They are part of a whole - in this case a whole that appears to be made up of absolutely nothing.
We have been given nothing from the company as to the current (or future) status of ANY business the company is engaged in - if not the past, what exactly are you looking at???
Even all the "Teaming agreements", Navy contracts, promises of updated financials etc. etc….are now all significantly in the past - are you saying these also have no validity?
Are these the final death throes of GTEM?
A casual stroll through the lunatic asylum shows that faith does not prove anything.
- Friedrich Nietzsche
I still think the silence is telling...if they had anything positive to say, anything at all, they would have said it by now. IMO it is now a scramble for the scraps...and we wont get a sniff of even those...there have been no material developments or they would have had to report on them as required.
GTEM - do you hear a distant bell?
"Therefore, send not to know
For whom the bell tolls,
It tolls for thee."
The Navy and Mexico are related in that neither has ever, or will ever drop one red cent to the bottom line of GTEM. Mexico died on the vine like so many other GTEM projects...the reality is that none have ever performed anything close to what we were led to belive they would. THe Navy...if there has been no word, history tells us it is dead...
All IMO of course...
I think the silence is telling...if they had anyting positive to say, anything at all, they would have said it by now. IMO it is now a scramble for the scraps...and we wont get a sniff of even those...
GTEM - do you hear a distant bell?
"Therefore, send not to know
For whom the bell tolls,
It tolls for thee."
What we need is demand for the shares - which there is none. Hard to make a market on about $9000 worth of stock traded...you can't blame the MM's for lack of demand...
They have given us a statement - the statement is "your stock is now worth 3.5 cents"...after a 1-15 reverse split...
Not much else to say when you come right down to it...
The reality of the silence is that there is nothing material to report...so in that respect, the silence is indeed telling.
Mide - would you not agree this is following the same path as past projects? Lots of hype out of the gate, no updates, silent death...if it already has died, we will be that last to know...
A formidable PR would include material information, no? And if material information is known, it is required to be released in a PR. So there are, in fact, no constraints but rather requirements to issue a PR if there were indeed material information, which clearly there is not. This is not speculation...
You have to admit that each and every time GTEM has announced something similar in the past and failed to follow up on it, it simply died on the vine - no PR stating why, when or how, it simply went away. More times than I care to mention...
Why should this be any different? If anything material had happened (contracts etc.) they are obligated to PR it...there is no "holding back for a big push" as some would like to think...
The simple fact we have heard nothing does not bode well for your arguement...quite to the contrary...
Or, in more simple terms:
GTEM fails to deliver, shareholders still believe.
The rest is filler...
O.K. - was I the only one to laugh out loud at the "excited about future prospects" line? How many times have we heard that from GTEM?
"We the willing, led by the unknowing, are doing the impossible for the ungrateful. We have done so much with so little for so long that we are now qualified to do anything with nothing." - Potential new GTEM tag line???
It seems to me more lawsuits may be forthcoming…
152. If GlobeTel had filed Sanswire's financial statements as required, a reasonable investor would have known that GlobeTel had paid $2.8 million for a business that had no revenue and whose books could not be audited.
156. In addition, GlobeTel failed to file financial statements for the Hotzone wireless business as required by Form 8-K and Reg S-B. In fact, Hotzone had no audited financial statements. If GlobeTel had filed Hotzone's financial statements as required, investors would have known that GlobeTel had paid $7.1 million for a business that had no revenue and no audited financial statements.
And who was GTEM's legal counsel while all this went down?
This latest non-release is indicative of a much larger issue - that being the validity of ANY future PR's or the ability for common shareholders (not to mention potential shareholders or people with actual VC funds) to believe anything that is uttered from the collective lips of GTEM.
How many dates/projects/updates can they miss until you no longer belive them? I passed that threshold a while back...
Not everyone who has been in that long still believes...I'm proof of that.
The great unveiling of our Strat sealed it for me...GTEM has accomplished none (that's zero) of it's stated goals since that date...
New People, New Ideas, Same old GTEM...
All IMNSHO of course...
You have to be kidding - how many times (and for how long) has this "been in the hands of the auditors"?
Same dance, different song...or even better as stated by The Who - "meet the new boss, same as the old boss"...indeed.
In other words, nothing has changed at GTEM...everyone is optimistic and change is just around the corner...
Seems I have heard all this before...but I'm sure this time it will be different...
We'll know a lot more this week - really? I doubt it...
Glow - do you have anything that is verifiable to offer up? How is it that you know of "definitive" sources of funding that the general populace knows nothing about?
If you cannot verify, it all amounts to meaningless hype and hope...
I think you are right! What other possible reason could only $7000 of this stock traded hands today!
If you are "buying all you can" the volume is telling, no?
Short squeeze indeed...
...apparently not as self evident as I had hoped...
Mide - for one who had been incorrect on many items related to GTEM (CEO and his ability to follow through on PR's, Rob actually watching this site, becoming "toast" if not filed by a given date etc. etc. etc.) you seem a bit snide here...understandable, but still...
Easy to counter? Bottom line is our share price, no? Not much punch left in that counter my friend...the rest is hope and hype...
In keeping with your analogy...
At what point do you decide option A is not going to happen? Do you stubbornly sit and wait until you die of thirst or eventually take matters into your own hands and begin to look for water yourself?
Or to make a comparison to GTEM when he finally does come back with no water and no explanation as to where the water went - do you wait again as he goes out in search of water - but this time promises a brand new flavor of water, and much more of it? Will you never question him upon return as to where the water is???
You are not held hostage if you can, at any time, get up and leave...but if you still believe you are held hostage I might suggest many here are suffering from Stockholm Syndrome...that would explain a lot...
An open question to all longs:
Is there anything short of GTEM closing the doors and shutting down operations that could deter your faith in this company? I mean a simple jaunt through the history of this company is a journey over much cut glass...and yet you do not bleed...or you simply no longer feel the pain...
Conversely, is there anything that could change the mind of the "bashers" here? I know my tune would change with the actual execution of a contract (with fully disclosed terms) and proof of both delivery of a product and receipt of payment (all verified of course!). Tough demands I know (at least for GTEM)- but that is what it will take for me...and to date I have not seen a whiff of any such contracts or payments...so I question, I prod, I stir...I do not follow...I do not hope…
Yes, they could in fact stockpile as many "warm and fuzzy" PR's as Rob can bang out...but to what end? This is, in part, how they ended up in their current predicament...
As I mentioned - they cannot sit on any MATERIAL PR's...and in my most humble opinion, those are the only ones that matter...
The fact you would "take a rowboat" of warm and fuzzy PR's right now is an indicator of investing with your heart my friend...invest with your head.
Are you comparing GTEM to the 13.2 Billion market cap company you used to work for? My guess is the difference do not end with the fact GTEM currently houses a staff of 7...
but I'll let that pass...
My comment was a response to the notion that GTEM is "sitting" on a huge pile of PR's just waiting to be unleashed on the investment community. Point is, it simply cannot happen. If they have material items to report they are bound to report them...it's really quite simple.
You also have one qualifer that is at best, a stretch for GTEM - "providing everything we've been told up to now is the truth..."
"A flood of info"? They cannot hold back anything that is material - so I would not expect this "flood" to be much more than our usual trickle of information.
I wonder how many questions the finincials actually answer as opposed to how many more questions they actually raise about GTEM's finincial dealings. History would tell us we will get far more of the latter than the former...
It may have been GTEM simply committing "malfeasance for malfeasances' sake" (credit to the astute Dwight K. Schrute).
Mig - if you are in the employ of your tax man I think he would know...that is where your arguement starts to break down...
There is plenty of blame and incompetence to go around in all of this - IMO nobody at GTEM walks away from this completely clean.
Does anyone remember at what point our CFO (Jimenez?) left?
This isn't necessarily new for GTEM - remember IPW? Remember the "lost" switching equipment that was supposed to be in Mexico? How about the fact that way back in the day they actually issued shares they had no right to (then we suddelnly become incorporated in a different state)? All pieces to the puzzle that paint the real picture of GTEM...and it is not pretty...
If only Huff would have taken my advice and actually VERIFIED the information given to him by those he supposedly trusted he may have had safe harbor in this storm. But, he did not (or would not, or could not or...) So GTEM has taken it's course, and Tim his...
If you wish to use a $100 piece of equipment sold to an indivudual and reviewed online as proof of product sales...well, you certainly proved me wrong. They HAVE sold a product - how proud you must be!
I can't wait to see this sale on the finiancials...is this really the best you could do???
Well of course all the problems could be wiped out with a single contract if it is legit and is actually executed - no argument here. My question is what are the odds of that happening given all we know about this company?
The reality is we already did that once, and it almost killed us...will the second time (should there actually be one) be any better?
Make you a deal - if they actually do and this company stock rises above the historic highs - dinner on me in Vegas at Auerole for all the "true longs" - but you have to remember old Daleske to be a true long in my book. :) It's not as good as the one in New York, but still good eats...