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xs_alan, thanks for your informative post. When you write Mr. Vazquez on Monday, please ask him if he or they(NMC) are satified with the installation progress and customer sign up rate to date. That would be good info to have. TIA
imawswami, Thanks and good news since we were led by Vern to believe that today was D-Day and the Strat would be deflated and out of the hanger. What could have possibly gone wrong with his incorrect info?
serious1, Thanks for your efforts and DD for the longs on this board. Much appreciated info. Wonder what happened to all the false info Vern has been dishing out here about how terrible NMC is doing? Must be doing OK to open an office there.
jfburk, good post and I agree with it all with one minor exception. You mentioned "what a poor judge of people Tim Huff was", well what about the current GTEM management making a "new" deal with Trimax and Uli (knowing Lynch was in the mix), then several months later, filing suit against them both? Now that is poor "people" judgement and decision making IMO. Also, putting JM on the board in the JV, another poor "people" judgement. So, new management appears to me just as poor as old management in selecting these kind of people to head up major projects as they come back as very bad decisions.
nerd86, Amen to that as a soultion. My only grip is why hasn't GTEM management gotten with the Peralta's and worked to get such a JV management change? It's been several months now and no movement. Surely the Peralta's get the picture, or do they for some reason want GTEM BK? In addition, why is it always GTEM in the weak position on these deals, why does management continually put the company in such situations? That smacks of poor management IMO, and it's been ongoing, over and over again, for years!
Good way to put it - "forced cool" for all longs. Certainly not an easy option though.
ShakeyGuy, would not necessarily kill the deal for us - biggest isn't always best. There may be a few smaller hungry JV Mexican companies that would take up the challenge - who knows. But you are right - need to keep cool. Just heated up with all the constant BS with this company and their lack of shareholder updates as promised by the new management when they took over almost a year ago.
No, how about not shipping anymore Hotzone boxes and kill the deal then try and find another JV partner, OK??
Also, the Majority has a marketing responsibility - if they fail then the JV is null and void, NO?
So, GTEM is not powerless.
mide, thanks for response, but IMO I can't believe that GTEM, even as a minority partner, would allow this kind of issue to continue. A minority partner is not powerless in a JV and I find it inconceivable that GTEM management has not stepped in and demanded a change 6 weeks ago. After all, this is an extremely important project, and for GTEM to just stand by on the sidelines is not believable to me. Do you think we have another problem, basically weak and indecisive management??
mide, I realize that this is a silly question, but why in the H--- is Mr.G. still in the picture? Did our IR have any answer to that? Why would GTEM allow his continued employment if he is truly a block for forward movement in Mexico. Doesn't make sense to me, but then what does at this point?
Again you fail to present any FACTS as to why anyone within Centerline should be deposed by the SEC. You must have some FACTUAL inside information as to the Centerline Officers having done something terribly wrong to warrant being deposed by the SEC, or could it be that these are just more mindless assumptions backed up by no FACTS. This will be the end of this thread for me.
And you have a nice day also!!
Again, what FACTS would cause such an action, other than your salad day accusations?
....Dumas or Dorian Klein have been deposed by the SEC??? Why would they be - do you have any additional information as to what would cause them to be deposed by the SEC?? I sure haven't heard of any FACTS that would cause such an action. Just as an aside, have you been deposed yet by the SEC??
DocS, I believe a lot of posters were given that date by RB, but I have to always remember that he serves at the leisure of management and only does their bidding and is not tuned in to all the upper management decisions. So, I take his alledged comments as nothing more than possible guidance but that's it. He can only issue what management directs and I think he is more in the position of fighting fires daily with all the disgruntled investors, me included, as well as composing NR's when directed. But I hope that the numbers will be out soon as they are a huge road block to going forward IMO
DocS, I wouldn't bank on getting the financial numbers on Aug 15th as this date has not been established by the company, just posters speculating on Aug 15th as the date. If we all look forward to Aug 15th as the drop dead date, we're just setting ourselves up for another disappointment, manufactured by speculating posters in their desire for numbers rather that a factual date the numbers will be released. I am taking the position that when numbers are released, that will be the date. Just a thought and all IMO.
Sirius, I saw the video on Utube that you refer to - I believe that was the one taken down by the Military the next day and it clearly showed an object that looked like the AirDragon but Utube referred to it as the "worm". It was taken from a satellite as there was voice transmissions talking about the object between ground and the satellite. The other video was the one over Hawaii that has been taken down now. The link I put up shows the object from the ground in Iran. I don't recall a 4th one.
kevinaok, I think they were referring to the pics over Iran: See second link below - hope this helps.
Object over Hawaii
http://www.mysteriousearth.com/blog/0000041
Object over IRAN
Like you I am having a hard time understanding Justfranks logic as to MM's selling shares they don't own. Sounds like collusion to me. Wish I could do that as an investor!
Justfrank, I don't get this statement. "They have to be convinced that the company will be successful are weary of doing that. JMO" Not sure what you mean. TIA
Stock trades at .23-.24 all afternoon and closes at .21 on a final tick. How is this not manipulation by the MM? TA opinions please!
94,000 shares just went through - what's going on with GTEM??
Wrong, Still not Hotzone.
Nope, not Hotzone!
There is no "other" Hotzone Seller other than GTEM.
"I think a small -- reality check is in order here." You make a good point as they may be planning or doing tests on the Strat in Mexico also. Good point!
Axel Larator, yes the restrictions on their airspace has to be extremely tight, but the governmental red tape to develop a system that could provide more defense for Israel would most likely be bypassed to allow much faster development there than here in the US if the technology merits. After all, they are in a survival mode daily, no so here.
jfburk, yes, like flight tests in Israel with our new teaming partner. No FAA road blocks over there as the Israeli's are serious about their survival in a very volatile part of the world. Could get the Strat airborne sooner than here, IMO.
In addition I don't remember the title
Vice President of Program and Plans as a job description in the past and I suppose that is also a new position. Hummm, what's going on with this almost defunct company??
Skyvision, IMO your comment below ranks as one of the best posts I've seen on this board in years. While I suspect that few bashers will take up the challenge, most true GTEM supporters should heed your advice. Thanks for a realistic and thoughful idea that could actually help our struggeling company survive.
This is a tough nut for any company to crack. Therefore, I would really like to see the incredible talent of the individual posters on this board focused on offering our company potential solutions through research and respectful debate (as opposed to trying to prove who's right and wrong).
SAMdashada, thanks for info. I do recall something about the 10,000 perferred shares being a hedge against a takeover(poison pill issue)but not certain. I defer to your recollection about the financing deal giving the 50% plus 1 share (scary if true at the time). I just recollect that prior to the 8/11/2005 shareholder meeting, a great amount of discussion took place on this board and most concluded that GTE owned at least 51% of the outstanding shares at the time, thus making the 49% of shares left for investors and VC's the minority so that shareholders proxies voting to approve or disapprove the proposal for a share increase really made no difference. That's all I recall.
How so - please explain. TIA
Somebody is in trouble?? How do you know this for a FACT? - or is this just one more supposition on your part?
ALL efforts?? Can't agree with that - JV with Mexico (takes time to develop), CWID and Trident Invites (takes time to develop) Israel interest (takes time to develop) etc, so GTEM is moving in the right direction (evolving) but again, you know all this anyway.
Unless you are clueless as to how a company struggles to succeed, most efforts don't "pan out" as a new company with high tech ideas tries to evolve, especially when the company has a bunch of non producing employees to deal with. What GTEM PR'd was factual but didn't "pan out" as you put it - can't say the same about speculations and disminating unsubstantiated rumors. Big difference. BTW, had you watched IBM, MSFT, Dell, etc during their startup days, would have been the same - a lot of failure then great successes. People like you see and expect nothing but fast,perfect results without all the failures and effort in between. Glad you weren't involved with the 117 Slealth Fighter - took 10 years of successes and failures (crashes) to get it right with a monster company with unlimited financial resources. But what the heck, you know all this already.
Just to continue letting Vern spew more disinformation for you guys to use against GTEM? It may be a good idea for all those that speculate to just wait for GTEM to issue information instead of stirring up a bunch of BS without FACTS to support them. Yeah, I know, the retort will be GTEM never issues any info, but they do, as late as Wednesday on the Israeli teaming. So, until financial numbers and suscribers are released, nothing stated on this board without supporting evidence is anything more than a rumor with an agenda, negative or positive, IMO.
Baghdad Bob - if I recall correctly, GTEM holds 51% of the outstanding stock so that there would never be a majority of other shareholders. I remember when they were asking for a vote for more shares that there was no need for shareholders to even send in their proxies, just a formality. But Rocky or Frank might know for sure if that has changed to date.
If you are wrong on your dire prediction will you leave this board and never post anything against GTEM again? Hummm, my guess is that you won't.
RhapsodyInBluze, you are correct as it also shows on Schwab as a news release under ESLT. Consider the source.
RhapsodyInBluze, I hope you are right. I've been on vacation the last 2 weeks and thought I missed an NR or something. I suspect they are going to hold all the financials until August 15th and issue them all together. That way it will take the bashers a day or two to come up with a new game plan, IMO only.
RhapsodyInBluze, who "promised" to have the financials out by Tuesday or Wednesday at the Latest? I may have missed the post or NR. TIA