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I do not think that assessment is correct. The Naked SHORTs covered during the last run-up:
http://buyins.net/tools/short_list.php?dys=>12
We are off REG SHO now.
I believe you are "on target". It all depends now on a sucessful free flight test from Edwards AFB. That will be the crucial test.
That depends. The decision to be listed on another exchange should not be dependent on an annual shareholders meeting or a special shareholders proxy. That is costly and time consuming.
The reverse or forward split has no impact on shareholder value per se with regard to the company's financials....
Tax Selling is already over. The biggest milestone for me was for them to get that bird up in the air...which they did. I will wait to see what the free un-tethered testing results produce. If this testing is successful then we will all be "off to the races".
The financials and completion of the SEC investigation is also something we are all looking for.
Unlikely...he needs some donations from Wall Street for his campaign for Governer.
I see that GTEM is still on the Naked SHORT list:
http://buyins.net/tools/short_list.php?dys=%3E12&sort=days_listed&order=1&name=NakedShor...
The crooked Broker/Dealers counterfeiting shares are never brought to task by the SEC are they?
It looks like Overstock.com has been on this list for the longest! I suppose the BDs are "punishing" that CEO for his public remarks about "the problem".
What a crooked mass of incompetents and "do nothings" we have in our SEC! Another two years of that incompetent stooge and his cronies in the White House and then we may, after "a changing of the guard", may see some change in this agency.
Has the purchase closed? No indications.
Was the subscription ever filled? No indications at all.
GTEM appears now 39 days on the SHO
http://buyins.net/tools/short_list.php?dys=%3E12&sort=symbol&order=1&name=NakedShortList...
Your opinion or your hope?
GTEM is still on it as of close of trading yesterday it appears.
It useless debating with a known basher
Please demonstrate that on the GTEM Financials?
Well...what more could be said. I do agree with your sentiment. Time will tell and no use screaming at the vendor who sold the lottery ticket.
Read the PRs grasshopper. If there was something to report, they would report it.
I guess if you had a business and your offices were broken into and had laptops stolen, you would not try to be cautious?
Really???
Your business sense is aweful
-A division of business was burning cash at a monthly rate with exhorbinant costs for personnel (expensive ones at that) and infrastructure support.
-The technology was not a key part nor contributor, presently nor in the near future, to the strategic concept of the super-hub
-Removing the division, thereby, eliminating the cash burn resulting from holding on to it, until a "better deal" could be found, would have cost more cash burn in the process.
This was a logical business decision. If you cannot see that, it is otherwise obvious, you have never run a business yourself and simply fail to understand this line of thinking. The sell off of the property would have meant peanuts to the company. Paying former executives and employees of the division, payouts and compensation, according to contractual commitments, would have cost much more. Better to sell off the company as it was done, and eliminate the need for payouts, legal squabbles over benefits/salary due/bonuses/options/retention incentives previously promised/ etc. than to hold out for a better deal on selling the equipment.
Please show us via the SEC EDGAR site:
http://investor.globetel.net/phoenix.zhtml?c=67726&p=irol-sec
where these sales were executed and timed specifically for this deal?
You won't because you can't. Spurious and baseless conjecture at best.
SAMdashada...I mean I...gulp....(I cannot believe I am going to agree with him on this now but....)
I agree whole-heartedly!
No...you are bashing
gdb81...remember this post of yours while in a special lovely place?
http://www.investorshub.com/boards/read_msg.asp?message_id=15112225
You forget fast don't you?!
I saw this recently:
http://www.investorshub.com/boards/read_msg.asp?message_id=15125898
Hmmmmm...........so what other aliases have you used?
gdb81..you are barking up a tree.
I have read it as has my attorney. There is no basis for the lawsuit and my guess it will be summarily dismissed. Nice way for the lawyers to try and collect some fees from the court....rarely does the individual investor ever see anything from these suits.
Very positive development indeed. Now it's time to get out there and sign up more customers and expand the deployment. Other countries/potential partners interested in this technology may now see a "live" real-world working system and judge the performance characteristics and capabilities along with the cost efficiencies.
Kudos!!!
Thankyou MIDE!
They have access to that information from the firm's auditors. Besides......aside from the FUD you spread around on this board each day, haven't you something better to do?
BTW...the SEC investigation is related specifically to the prior revaluation of the assets from purchases of Hotzone and Sanswire. This will affect Balance Sheet values but have no impact at all on current operations if there is a restatement.
Deposits for work not yet completed and are contingent ....are not listed in the Accounts Receivables. Go back and take the Accounting 101 course.
Actually I understand this manager was removed and replaced by GTEM mgt.
Here is the scoop on the Magic Money as I understand it.
The reason this was sold off was that this was a non-revenue (basically) producing segment which had not tie in to the basic concept of a super hub. The company FSS could not get their own act together in order to come to internal agreement which part of their own business should be running this in the first place. They had too much internal politics which stymied rollout in India. Tata was also engaged, as a relationship partner, for a bit and they could not get FSS to budge either. The segment was eating up budget (the folks although very qualified and talented, were very expensive) and so they removed and sold off this part of the business to reduce cash burn and align processes towards realization of the superhub concept without having other non-related businesses diverting attention.
I also knew this development. No big deal at all.
I believe Vanguard Group has increased its holdings by almost 50% during the last quarter. Dimensional Fund Advisors have held to most of theirs. I wonder why given all that has occurred? Have you any insights?
Understandable. I have always said....nothing counts other than what is reported in the 10Qs period.
What steps would you expect a new CEO and Chairman of the Board to be taking,
if not these recent steps (mgt. changes, business segment evaluation, additions to the board to enhance compliance and independence, selloff of non-contributing business, etc.)
in order to convince you?
LONG time holders have no incentive to take tax losses on this one. Traders/Hedge Funds/Broker-Dealers have short-ed (naked and otherwise)this stock to a point that it makes no difference, and regardless, one can only write-off $3000/year of the total losses against ones income tax, aside from offsetting gains.
Active Traders have already dropped out long ago.
NEWS...no kidding. Just over the Schwab news wire..."AMEX to Delist Globetel by Nov 27th." (source: Dow Jones)
Now what screwballs do we have on the AMEX...duh
I guess all of the naked short holders will need to cover by then?
Speculate all you wish. I am sure the SEC will not explain "everything" to those being investigated either.
There has been a reduction in other GTEM divisions as well. From what I understand, there was some talent, although very experienced and talented professionals, were released as they did not play a large immeidate contributing part to near term plans. There most likely was a reduction in overhead associated with the staff reductions as well (benefits, etc.)
The SEC investigation can be, what it stated to be...i.e., valuation of specific acquisitions on the balance sheet...or it could lead anywhere.
No...I did not imply that the Financials were in good shape. I stated what I stated. Cash burn has been significantly reduced.
I think you also need to account for the fact that the cash burn rate has been reduced substantially. There have been reductions in force from the Magic Money division selloff (give-away...be as it may be) and reduction in force in the other divisions as well lately.