having fun at the pumper's expense!!!!
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LEINWAND'S BEEN SELLING After being issued 8,000,000 shares as per his employment agreement, Leinwand owned 10,876,752 shares on May 29, 2009. After being issued another 11,876,752 shares on December 29, 2009, Leinwand only held the newly issued 11,876,752 shares (block 5). It appears he disposed of over 10 million shares or every share he owned in that seven month period. SNSR traded at above .10 for most of that period. That's over $1 million of shares he disposed of in a seven month period.
Leinwand did not resign as an officer and director until August of 2009 and was required to report these transactions via Form 3 and Form 4. The Form 5 he filed yesterday was supposed to be reported back in February. It appears the company is finally under some pressure to finally start reporting these transactions.
http://www.sec.gov/Archives/edgar/data/9...
Thanks Coastie for your fine DD on this company!!!
For more DD on Sanswire,you can start here........BUYER BEWARE!!........http://blogs.browardpalmbeach.com/juice/2009/02/globetel_lawsuit.php
More Coastie DD.....................Speaking of D&O Insurance.
The Chubb Group, Great Northern Insurance, and Pacific Indemnity suit against the company started this past Monday. The trial is scheduled to run through June 16th. Broward County Case Number: CACE09042174
Calendar Call 5/6/10 10:30 Rm 1030B/Trial 5/17/10 -6/16/10 4 Wk Docket Rm 1060 Non-Jury ]
accusations can lead to damaged reputations, or loss of business? =Sanswire?
Liewand dumped 10 million shares Warp!!! What do you think of that!!! At least I kept my 50!!!! And I hear he dumped at around .10 Don't you feel a little cheated!!!! LMAO.........These guys are creeps who only think for themselves!!!!!
Ahem..........It never got to 5.00 or 5.55. How long have you been around? Get the facts straight!
non-reporting pink CANNOT issue free trading shares in lieu of payment.......Are you kidding? Can you please give us a link to back up that outlandish statement?
Sounds like they are headed to NYSE and not the BB..........You gleaned that nugget from that sentence?...LMAO...........It's all a dream. Take this as fact........Vega will NEVER go to the NYSE!!! I guess if you rent a P.O.Box and operate your company out of it,dreams come true!!LMAO
This isn't going to fare well for the SEC if the case goes to trial, since those responsible for the crimes have all been convicted ........Huh? Are you going to tell us that you know more then these U.S. Attorneys do? You are starting to sound like the defendant's attorney. Do you work for Sanswire? I think I'll take my chances with the U.S.Goverment doing the job that should have been done long ago. Also,I copied your post along with my letter..........You know, for their amusement!!
MM,I know you are trying to tip-toe thru the SEC minefield. I would be nervous too if I had Lot's of shares to lose. The SEC has put out that statement about permanent injunction against company to mean,they want to wipe out the company and it's shares!! We can go back and forth on the matter but I will tell you what I will do for you. I will write to the prosecutor of this case and try to get an answer.
refrain from certain activities permanently .......MM, what kind of "activities" is Sanswire engaged in that the SEC has control over? It's SHARES!!!! I know you would not want to mislead anybody!!!
You are forgetting these words from the SEC............Seeking Permanent Injunction against the company?.........What do you think that statement is all about? I'm going to tell ya.......It means shutting the company down!!!
Mickey,you must not understand the difference between what Sanswire did and what GS and the Obama Admin are trying to pin on them. Sanswire indeed payed the lawsuit instead of defending themselves for fraud. The D&O insurance must have known they could not defend such action and settled. If you do some DD you will see the D&O is suing the company. What I don't get is some pumpers here are never going to see the true scam that is Sanswire.You say that Huff and company are gone and the company is rid of it's dark days. You forgot 1 person who still remains from the Huff regime..........Liewand. Still they are doing the same overly promotional hype and paying themselves large for doing absolutely nothing for shareholder value. But then again,what would one expect from a currently charged SEC investigated scam of a company!!!
Welcome to the board Mickey. Did you just invest or have you been a long term investor of this scam known as Globetel/Sanswire? A few here are just waiting for the SEC to revoke trading and other's are here to report the truth and stop falsehoods. You do know that this company is under an SEC investigation and was sued for fraud?.........Anyway,nice to have you aboard!!!!!!
Warp,since you insist that people have no clue about Sanswire and it's contracts and partnerships and it's serious investors who supply funds to keep this company from folding ,would it not make sense for you to go back to that special board that you created awhile back and talk to people in the know? It seems to be a waste of time to be here and try to convince others who have a belief that this is a scam? The "Herd" is not going along with the diatribe you are posting. Oh,........If you want to buy my shares,I have a dollar amount you can pay so I won't have anything to complain about anymore...............but I have a sneaky suspicion you will not pay what I paid for them!!!
In fact..Sanswire has No design other than the SkySat that looks like any other balloon hanging over car dealerships across America. They only can sell what TAO has to offer.........and that's a stretch. Can anyone show proof that Sanswire has paid TAO in full?
Well Warp,we have heard numerous times that the company execs running this scam were not getting paid. No matter if it was shares or cash,they got paid well for doing ABSOLUTELY NOTHING! I am glad you are happy with the compensation they paid themselves. It bodes well for shares in this scam,but I digress, have at it and buy more while the price is low.
Mide,you have to be joking with this statement.........PS...and we have been over this trodden ground about why they are selling at distressed prices...They have had NO cash payments for salary or consulting for years.........Have read the finacial statements that say these cons are getting overly paid?.......During 2009, Sanswire paid its officers and directors $3,744,070. . .yet failed to even make their scheduled 2009 payment to TAO for the licensing fees to TAO's technology.
Looks like everyone sold on the last run-up to .74. They will be back when this stock is around.46
Tao did not give the STS111 to Sanswire. Sanswire gave Eastcor the SkySat.The same pile of junk they shipped to Germany and back.
Mdn,what I don't understand, if SansTao where still together,why would Sanswire deliver to Eastcor the junk blimp they tied to the back of a pickup truck? They keep shifting blimps around to confuse everyone.TAO I believe is done with Sanswire.......Hell they stiffed them twice already!!! And probably the shipping company that sent it from Germany!!!!
Why would you be looking to buy?
Wait till next year,maybe if they don't do a R/S you can salvage some money.I thought at one time you were pumping this turd along with your friend Alwaysright? Glad to see the pumpers get caught in this scam that you and other's glady tried to scam others with.
I miss stated for brevity that I asked him directly in my last post.
So in essence,you told a fib? LOL It wouldn't be the first time you done so. Remember the flight to 65000ft that come from an impeccable source? LMAO
I care........lol.......I am sure all the people who frequent this board would like to know the facts behind certain fabrications that happen here frequently about this scammy company. Especially when one gets busted for said infractions...........LMAO Please WW try not to take this personel. lol
Mide,it's so nice of you to come back!!! Can you please explain from a previous post,where you got the 1.6 million settlement offer from the SEC? You said it's in the Pacer documents and said you talked to Coastie......... Gee I thought the old doc filings came from Pacer,and asked Coastie to confirm. [/i........]And the reply from Coastie is this........1. MIDE never asked ME squat. My recollection is that he was telling other posters to, "ask Coastie" in an effort to back up his claim that the document existed on PACER.
.........1 Were you confused? 2 Can you produce that Document?
Warp,I can imagine why you would try not to answer the question.I would too,considering they are stealing shareholder value everyday they are in existence! I wonder why you did not sell the last run-up? Or maybe you did since you are in contact with the nefarious ones who run this scam.I wouldn't hold too much longer. A permanent injunction against this scam just might destroy your "in your mind" valuable portfolio you have in Sanswire!!! LMAO
Warp,I know one thing. That you know every inside move these over compensated, PR pumping idiots do. You have clearly stated your intent to misinform or misdirect for this company. Do you still own all those shares you graciously put out for all to see? Or did you sell when Siefart dumped all those shares he paid not one red cent for? I admire you're sense of protection for these crooks and also pity you for the blindness you have for it. Have it your way............Soon the the judge will be the jury who finally puts an end to this scam and all those who partake in it. By the way,have you heard from Mide lately? I cannot respond till tommorow due to my 3 post limit that certain Admins keep extending for safety reasons.
Warp,I know the details.............Seifert has all those shares for free. My question remains........what do you think of the compensation? Did they earn any of it?..
lol man..........can't wait for your response............
I am sure you will come up with something positive to say about it,since you do defend them vigorously. But then again I am sure something will pop in your head...........More like a vein.
I guess you should be real happy that for 2009 the executive compensation was over 3 million dollars of shareholder's money? Can you please explain what they did to earn it? I am sure you will come up with something real dandy to cover their arse?
The happy part of that is they had owned more shares than that before. I guess they had fair warning the pump was on the way when Seifert dumped his shares............Funny that the SP went up while all that dumping occured.Talk about pure manipulation.
Nerd...What do you think the SEC means by "Permenent Injunction" against company?....... They are also asking for a permanent injunction against the Company and the maximum in civil penalties ($600K for each violation) which far exceeds his $1.6 million settlement claim.
The main point is they are generating revenue by signing this contract and getting the plant online. ...???????? Can you please explain how are they generating revenue when they don't have a plant running? Big deal they said they signed a contract................They first have to "produce" something!! The only thing this company is good for is forward looking PRs. Never actually do what they say will do. Don't get sucked into the void with this issue!!!!!!
Vincenzo.........The "World" already knows about Sanswire. All they have to do is Google "Scam companies".
It's a secret...........You have to read between the lines after you drink the
special sauce to see the "Mercury Retrograde". Nil so far is the "only" person to see this.
KK just filed to sell his stake in DPTR...........I wonder what it means? Is OPON deal for real?........or is it over for Delta?...http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0000950123%2D10%2D044677%2Etxt&FilePath=%5C2010%5C05%5C05%5C&CoName=DELTA+PETROLEUM+CORP%2FCO&FormType=S%2D3%2FA&RcvdDate=5%2F5%2F2010&pdf=
Did it ever occur to you that the SP will not rise without buying pressure? This company and it's scammy ways, are in the way of the SP. Get over it...it's not the fault of the MM that no one wants this issue. No matter the PR........everyone knows that as soon as you buy in, YOU LOSE!!!! The only ones to make money off this company is the people running the show.
Thanks Coastie for this info.................Fact #16
"From Jan. 1, 2002 to June 30, 2006, GlobeTel paid its officers and directors about $21 million in compensation."
-PLAINTIFF'S STATEMENT OF MATERIAL FACTS
According to the Company's financials, during that period, Globetel/Sanswire claims to have spent $3,677,709 on the actual construction of airships.
During 2009, Sanswire paid its officers and directors $3,744,070. . .yet failed to even make their scheduled 2009 payment to TAO for the licensing fees to TAO's technology.
"The more things change. . .the more they stay the same."
................LMAO!!!!!!
Coastie,thanks for putting that false rumor to rest. The SEC is NOT settling with Sanswire. In fact,I do believe they will be asking for share revocation.
I really don't know. Still trying to figure that out.The only thing that does come up is why JP Morgan letting them use more capex now? Maybe this is the last shot for them to make significant progress on their business?