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JustFrank....clearly it's an ultimatum...why do you think they gave a date while under investigation?
Jet...the Aussie connection is interesting isn't it - first there was Leinwand's PGS Pharmaceuticals (as noted in the Aussie government publication - The Little Black Book of Scams)...then IPW...then we get the Aussie - Peter Khoury.
Oh yes Just Frank....speaking of lies...wasn't it nice we had a COB by the name of Dumas who lied about his relationship with Dr. Henry Kissinger??
Bravo Coasti....rather amusing how the longs continue to be unphased by the internal graft....remember the non-recourse employee loans???
Knowing this makes you understand why they're not concerned via Jonny-L's participation in Innovative Technology Acquisition Corporation, Jet View Holdings and Gemini Integrated Financial Services....or Kroplin's caper @ Cargolifter AG.
Post of the week Coasti!!!
Trashboy...I agree that GTEM.PK "was" a success. A marvelous pump n dump scheme that for a period of time enriched the priveledged few...remember 2005? 12 million to "top brass".
As for the shareholders...well people like Cole who sold out @ $3 did nicely....but then Cole recognized the manner in which GTEM.PK was successful....he traded on the sizzle...not the steak.
I'm glad we can agree on GTEM.PK's success.
BOL
Right you are JustFrank....but I personally can't wait to see the Balance Sheet.....will liablilities out weigh assets?
Oh that's right...what assets???
SPD...as scary as old management was (they lacked a prior history of shareholder decepetion). New management...well just ask the shareholders of: Innovative Technology Acquisition Corporation, Jet View Holdings and Gemini Integrated Financial Services. Additionally, regarding TAO...please ask the stakeholders of Cargolifter AG ("On June 7, 2002 the company announced insolvency and proceedings began the following month. The whereabouts of some of the 300 million euros of shareholder funds, from over 70,000 investors, is still unclear.")
I don't think Warren Buffet will be a purchaser even at these bargin basement levels.
Oh right Cole...like GTEM.PK investors can't bank on the T E A M I N G Agreement.
And I suppose you also think that they can't support a network in another country.
And lastly... Leinwand will put shareholders first as opposed to his prior jaunts.
Mide, how are service warranty issues handled regarding the Hotzone 4010?
Mide, just curious...have you made other Leinwand based investments???
TIA
Mide, is Jonny-L trying as hard as he did @ Innovative Technology Acquisition Corporation, Jet View Holdings and Gemini Integrated Financial Services???
Is Kroplin trying as hard as he did with 300 million Euros???
Why does Leinwand always leave investors asking one question?
What about the money???
BOL
"We have at least a year for everyone to now speculate."
Mide, based upon some of your previous comments...I think what you mean to say is that we will have a year to speculate assuming GTEM.PK / TAO ink a government / private sector contract in the next 30 days....or we will be speculating over what you call "toast".
Wheat or Rye Mide???
"we know Lockheed is a faker in this arena"
Nilremerlin...rumor has it that Lockheed has exceeded GTEM.PK's 2005 blimp R&D budget. You remember 05 don't you???? That was the year Timmy spent $26,553 on creating a paradigm shift.
But ironically, 2005 was the year GTEM.PK compensated six "executives" (and I use that term loosely) 12 million dollars.
The faker is in South Florida that's why the share price is in the toilet.
Well said SPD (I'm sure you speak for the silent majority). IMHO this company continues to exist for two reasons - Kostro / Jonny-L & their beloved restricted stock.
Until financials are made current they can't dump...however this has not precluded them from pumping non-paradigm shifting PRs to support the severly damaged share price. Fortunately for the righteous...their attempts to breath new life into this train wreck via Bleckman's horn have gone unrewarded.
I wonder if AXTEL is beating out No MAS Cables for customers?
SAN PEDRO GARZA GARCIA, Mexico, Nov. 15 /PRNewswire-FirstCall/ -- Axtel, S.A.B. de C.V. ("AXTEL"), a Mexican fixed-line integrated telecommunications company, announced today the commencement of operations in Pachuca, Hidalgo, the 10th new city for AXTEL in 2007.
AXTEL now provides local and long distance telephony, broadband Internet, web hosting, data storage and security, VPNs and built-to-suit communications solutions, among others, in twenty-seven cities in Mexico.
During the inaugural ceremony, Andres Velazquez Romero, AXTEL's Mass and Business Markets Executive Director announced that AXTEL will invest approximately US$20 million in Pachuca over the next 5 years. After the initial remarks made by Mr. Velazquez, Mr. Miguel Angel Osorio Chong, Governor of the state of Hidalgo, made the initial AXTEL call.
Company officials stated that the initial network deployment covers 80% of the population in Pachuca, offering integrated telecommunications services to the residential and business customers, as well as financial institutions and government entities.
Commencing operations in Pachuca represents the conclusion of a very successful year in which AXTEL has been able to expand in a significant way, while improving its profitability and financial strength at the same time. The Company is confident that remaining focused on customer service orientation while delivering innovative voice, data and Internet solutions will consolidate AXTEL's presence in this important state capital," stated Roberto Reynoso, AXTEL's Southern Region Director.
AXTEL, a listed company in Mexico's Stock Exchange since December 2005, reported 885 thousand lines in service and 107 thousand internet subscribers as of the end of the third quarter of 2007. AXTEL participates in the residential and business markets generating $9,066 million pesos in revenues during the first nine months of 2007.
About AXTEL
AXTEL is a Mexican telecommunications company that provides local and long distance telephony, broadband Internet, data and built-to-suit communications solutions in 27 cities and long distance telephone services to business and residential customers in over 200 cities. The twenty-seven cities in which AXTEL currently provides local services are Mexico City, Monterrey, Guadalajara, Puebla, Leon, Toluca, Queretaro, San Luis Potosi, Aguascalientes, Saltillo, Ciudad Juarez, Tijuana, Torreon (Laguna Region), Veracruz, Chihuahua, Celaya, Irapuato, Tampico, Cuernavaca, Morelia, Merida, Xalapa, Hermosillo, San Juan del Rio, Ciudad Victoria, Reynosa and Pachuca.
Why should one congratulate another for not performing the most elementary level of Due diligence and riding this thing to .666 of one cent pre reverse split?
TIA
Cole, I wonder if the Colemans, the Huffs, the Lynchs, the Kings of the world...have been buyers at these basement prices...they certainly knew when to sell before....so I'm sure they recognize a bargin when they see it. In fact, who better to understand the economic ramifications of a well executed paradigm shift? They're not restricted so I'm sure that it is decidely so.
Mide...my new fascination revolves around Kostro....he pre-dates the Globetel nameplate via ADGI and the much distinguished - Dr. Jerrold R. Hinton. What did he see back in 2001??? The fifteen million in 2004 was earmarked for Stored Value, i.e. Magic Money....the restricted shares had a 3 year clause but that got nicked via the financials....either Shimmi's pissed or..........
Hey SharkLady....Paul Taboada, Steven King (ISG Jet), Leigh Coleman via(Sky China), Lawrence Lynch, Tim Huff....just a few people who have profited handsomely via GTEM.PK @ your expense.
Now - Kroplin (what happened to the 300 million Euros)
Leinwand - Innovative Technology Acquisition Corporation, Jet View Holdings, Gemini Integrated Financial Services
Bleckman - Genesis Intermedia
See a pattern??? This isn't a pop quiz....it was your money
Cole, have you ever performed the GenesisIntermedia DD regarding our much esteemed Director of Investor Relations - Mssr. Rob Bleckman????
Talk about a dream team!!!! Kroplin, Bleckman, Jonny-L & the Polish titan of industry Kostro.
You won't be wrong Jet...Jonny-L & Kroplin...two peas in a pod....just ask their prior shareholders...who were unceremoniously wiped out.
Of course...this time will be different....just like the last time.
"something is going on here of note"
Yes Mide, as I predicted...the rather predictable Globetel Pump....there will be lots more prior to the financials being released...then that great sucking sound as Jonny-L & Shimmi dump all their previously restricted stock.
Nerd....not incompetent...but certainly slow to react. My opinion is shared by virtually the entire investment community - this is why the stock trades for .666 of 1 cent post reverse split.
When a de-listed company receives a Wells Notice subsequent to an on-going SEC investigation. When a company who has no defined source of funding, seven employees, no independent directors because they all resigned....when a company has been booted from their corporate office & R&D HQ.....when a company fails to deliver on everything they've ever told the investment public....when a company is fronted by a individual with a track record of destroying shareholder value.....something's probably very dirty....investors know this.
Always will.
I agree too Mig...lots of news coming prior to the release of current financials.
Since you've conducted extensive DD regarding our esteemed barrister / CEO...you'll recognize the all to familiar pattern.
JMHO
$86,805.42
That's the amount of money GTEM.PK has paid Peter Khoury since his departure as per the 9.10.07 8-K.
Form 8-K for GLOBETEL COMMUNICATIONS CORP
10-Sep-2007
Entry into a Material Definitive Agreement, Unregistered Sale of Equ
Item 1.01 Entry into Material Definitive Agreement
Concurrent with the resignation of Peter A. Khoury as GlobeTel Communication Corp.'s (the Company) Chief Executive Officer as set forth in Item 5.02(b), below, the Company entered into a "Mutual Release and Separation Agreement" with Mr. Khoury.
The Agreement calls for the payment of Mr. Khoury's outstanding expenses, accrued unpaid salary in the amount of $83,333, and severance in the amount of $125,000. These cash amounts will be paid out over the course of 12 months. However, should the Company raise funds through a financing, Khoury would receive a lump sum payment 10% of the first financing and 15% of any subsequent financing as payment towards the amounts owed.
The agreement also calls for the issuance of 1,333,333 options to purchase GlobeTel Common stock at $.36 per share representing a pro-rata amount of options due under his employment agreement; 500,000 options to purchase common stock at $.26 per share also due under his employment agreement; and 801,045 shares of common stock for accrued stock compensation. He will forfeit 657,894 options with an exercise price of $.19 that were issued in May 2007 and retain 657,895 options then granted.
The Agreement provides for a mutual release between Khoury and the Company and reiterates the Company's indemnification obligations pursuant to the Company's by-laws.
I wonder just how many shares Pete has purchased of GTEM.PK since his departure????
"the kind of return we all so derely deserve for sticking around so long"
Please explain why "sticking around" entitles you to anything?
Why don't you ask the shareholders of other, previous Leinwand endeavors what they received for "sticking around".
Since your bona fides are always in question I'll answer in typical long fashion....perform your own DD....unfortunately this extends beyond the mindless pumps GTEM.PK provides.
Shaking in my boots Mide.
In fact, I shaked all the way from $4.00 down to ten cents.
Nothing would bring me greater pleasure than to watch your pals Jonny-L & Shimmi pump this South Florida Nano Company back up to .50 cents so I could ride the wreck back into the grave....one more time.
But alas, it won't happen. You seem obtuse to the forces working against your beloved penny stock. When are you going to tell the good folks here what's getting ready to happen???
And don't tell me you don't know.
BOL
"current and former directors and officers"....ya see Jonny-L has all kinds of experience to offer stakeholders.
Well Mide...like the company says in non-bombastic hype fashion....The future is now...the technology is Globetel....and for those non-believers - "GlobeTel Communications Corp. ( develops and provides an integrated suite of terrestrial and aerospace telecommunications products and services, leveraging its advances in VoIP and Wireless Access technologies."
Mide what are the advances in VoIP & Wireless Access??? Are they referring to the over 3 year old Hotzone 4000????
TIA
"Why anyone takes this venture seriously"...yes Mide...that's what I've been asking all along. Moreover, to think some people actually invested their savings based upon this bombastic hype...is beyond me.
I'm feelin' you Mide.
Anyone know the number of Hotzone units shipped in 2007? This would certainly shed some light on NMC which should be nearing 62,000 subscribers by now according to their website.
Anything less would just be another pack of lies.
So now we have a date for financial reporting. Beware of numerous PRs to be released henceforth and ending with the release of financials. Classic Pump n' Dump time. This should be very amusing.
You see the problem with GTEM.PK is they have no assets....so it will be a complete wipeout.
I'll just refer you to what the SEC says on the matter:
"Investors in penny stocks should be prepared for the possibility that they may lose their whole investment."
http://www.sec.gov/answers/penny.htm
BOL
"when I am going to get my money back"....can't answer that because you haven't shared with us your average PPS.....if you paid anything North of .10 post reverse split....things don't look good.
Please understand...at this point as through-out GTEM.PK's history...it's not about you...it's about Jonny-L & Shimmi getting back some of their doe rae mi.
JMHO
Cole let me add one thing to that....some of "those" people had participated in penny stock scams before....but of course no one here seems particularly interested in Jonny-L's sordid past. Of course why should they? Not like he's the CEO and one of only two Board members.
Excuse me Mide,
How do you know GTEM.PK is currently providing health benefits? Remember in the good old USA it's not mandatory that an employer provide health benefits.
Regarding payroll taxes.....how do you know they're current? The IRS routinely allows employers to make payment plans....also, there's a time lag between federal & state tax liens....it could be just round the bend.
As for "the rent"....come on Mide Jonny-L & Shimmi have too much riding on this not to dip into their pockets and fund till they can sell their restricted shares....to fold up the tent now would be to walk away from just another South Florida Scam....their work is not done.
Oh yeah, another thing...they were booted from their last digs. That resulted in their "to date" largest default judgment.
But you already knew that.
Crash...at what point do you say enough is enough?
You were spot on with your digital camera analysis.
All the people who promised you vast riches through a telecommunications finance paradigm shift are gone....except Jonny-L & Shimmi (replete with their pathetic track record in prior penny stock schemes.
Now the company lives vicariously through someone else's (to date non commercially viable - non paradigm shifting) blimp. Meanwhile...back @ the Hotzone....a three year old non paradigm shifting venture....why isn't anyone....anyone at all buying this???? Could it be because it's no big deal? That the company....all seven strong doesn't support the product even with it's shelf obsolenscene????
As if Internafta wasn't enough...as if a total resignation of the BOD wasn't enough....as if vendor after vendor receiving default judgments isn't enough....as if a Wells Notice...a de-listing isn't enough....just what the hells is?
Another Globetel fabrication of the truth:
"GlobeTel is changing the global landscape of how people communicate, interact and transact. To accomplish this mission, we provide our customers with access to an integrated suite of telecommunications products and services that leverage the advances we have made in our Stored Value, VOIP and Wireless Access technologies."
Just one scintilla of evidence as to this change please....