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Here is example of a chart I did Aug 2004 to Sept 2004. Maybe this will show you what I mean TA didn't work for Gtel last year. Was looking for an exit point. LOL !!
Three positive TA indicators in a row. Bull flag to a bull pennant to a bull accending triangle with correct lowering volumes, improving Macd and climbing RSI.
Each calling for a breakout which didn't occur and after an unheard of 3 in a row, started walking down for 3 months. IMO MMs prepaired by accumulating for Reg. SHO cover needed. This happened during lowering daily volumes and tighter spreads showing accumulation and should have formed a new base that didn't happen.
The PPs walked down Oct, Nov, & Dec. to .067!!!
If the chart does not show here you can view it at:
http://home.comcast.net/~vcfeinc/lowtrade.html
overadollar Thanks
I was very impressed with him. Didn't know he had anything to do with strat. Thought he was strictly hired to work on hardward/software for VOIP & data switch transactions.
To me if Mr Huff is bringing him along, it shows a big plus on Huffs knowing talent and ability.
Another plus for GTEL and shareholders.
The Original dpb5
Launch would produce the reason Gtel will spend more money to build a full size commercial version.
To date PRs don't mention expecting revs from Strat for 12 or more months.
IMO Gtel revs will come from carrier traffic (CSI) in Q4 2004 and Q1 2005, expect stored value card & some VOIP to trickle in Q2 2005 and all core business rev streams to be pulling in Q3 & Q$4 2005. Sanswire may start to produce revs Q1 or Q2 2006.
IMO
Low volume with tight spreads shows accumulation. Last year MMs would use this as an opportunity to walk PPs down and steal weak hands shares for the next run.
We'll see if now that gtel is off SHO list, the MMs have lost the ability to control price movement, like they use to. I feel Gtel was on the list so long the SEC may have a red flag watching Gtel and MMs know it. Hope - Hope!
IMO if we see a few more days like the last 4 days, gtel may have formed a legitimate new base for the next move. Buying opp.
Never happened last year, would be great for TA to work for gtel or any penny, so one could actually pick an enter/exit point. We'll see, maybe Reg. SHO is actually helping?
I've only noticed one Market Makers gone after we got off the SHO list; GVRC, they use to be 3rd on total volume traded and probably lost the right to trade because they were to naked and decided not to cover. (Guess) But they were trading Gtel for years and I don't think they stopped trading because they weren't making money with Gtel.
Guys there has so much talk about Sanswire, many don't remember why most longs are long. The core businesses and Mr Huff's vision to tie them all together with the carrier/HUBs.
With stored value cards, magic VOIP phone, and money xferr transactions all using gtels higher margin carrier traffic business, they are, as of the recent letter to shareholder, still on track for profits by end of Q2 2005.
Sucess in these areas will help pay for the next generation of carrier traffic, using Sanswire. A complete package NO ONE else will have!
LuckyOne Thanks great news IMO.
The controller may have something to do with the accountants bad remarks on several 10k's and all the new rev streams getting ready to pop.
More good signs that gtel is growing in positive way!
CAB thanks
Ben Saba use to run the tech end of VOIP when I had Gtel magic phone. I cancelled due to problems and because of the note in Mr Huff last letter about VOIP progress, I tryed to phone him but was told he was not there. Didn't think to ask if he was gone for good or just the day I called.
He was also a great asset to GTEL and as I recall recieved 500k of stock when he came on board, hope he's still arround, could always talk to him back then, but I guess he maybe tight lipped now also.
I'll try calling him again and let everyone know what happens.
Cab
Remember MS. Garfunkle (?) [marketing] and Ben Saba [VOIP].Do you know if they are still arround at Gtel?
Thanks
MAILMAN
Do you or can you find out any info on why Gtel is hiring 2 programers? & status of data switch at corp office.
thanks
techbear
Good luck with the TA spin off. I have stated I don't feel TA works on pennies, but do believe no one should be trading without TA knowledge.
Here is a link you may want to add to the board info section.
I used the dictionary the first year I started trading and still do. It makes it very easy to get a basic understanding of TA & most market terms, and explains them in an easy to understand way, for beginners & old timers alike.
http://www.investopedia.com/dictionary/
Also found chart patterns very helpful for understanding;
SYMMETRICAL TRIANGLES CHARTS, HEAD AND SHOULDERS CHARTS, ASCENDING TRIANGLES CHARTS, INVERTED HEAD AND SHOULDERS CHARTS, DESCENDING TRIANGLES CHARTS, FLAGS AND PENNANTS CHARTS, WEDGES CHARTS, & RECTANGLES CHARTS:
http://www.chartpatterns.com/
LUCK
If your intrested in the stored value card deals listed in my last post, here are all the news releases:
MIAMI--March 1, 2005--GlobeTel Communications Corp. today announced that the company has signed a Letter of Intent (LOI) with Banco Azteca, the fifth largest financial institution in Mexico and part of the Salinas Group of Companies (Grupo Salinas). The agreement with Banco Azteca further cements GlobeTel's position in Mexico serving the Latin American market segment.
The LOI will establish the framework for creation of a detailed contract between Banco Azteca and GlobeTel whereby GlobeTel will add stored value services and functionality to existing Banco Azteca VISA debit cards and support the bank's enhanced stored value services for their cards. At present, GlobeTel personnel are working closely with the Banco Azteca team on the initial stage to develop the technical infrastructure that will enable over 2.5 million Banco Azteca issued debit cards with prepaid long distance calling functionality to be used both in Mexico and the United States.
Both Banco Azteca and GlobeTel are working on further contract details which will not only include GlobeTel serving as a “Stored Value Services Enabler” of Banco Azteca's existing card products and services but also for Banco Azteca and GlobeTel to work together to jointly develop new product and service offerings that will further benefit the market segment.
Timothy Huff, CEO of GTEL, stated, “It is our honor to be working with an organization such as Banco Azteca and on a larger scope, Grupo Salinas. The relationship we are creating further expands on our commitment to not only the Latin American market segment but further clarifies our continued growth and business concentration in the Mexican market. We feel that our relationship with Banco Azteca will be a long, profitable and beneficial arrangement to both firms in our long-lasting efforts to support one of the most rapidly growing market segments.”
According to Gloria Albarran, Director of Bank Cards for Banco Azteca, “we've been looking for new products and services for our existing and new card products and programs that would bring additional untapped revenue through increased card usage. At the same time, these new products will deliver additional value and services to our cardholders. The partnership with GlobeTel will do just that for our card programs.”
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GTEL Announces Strategic Alliance with Philippine Telecom Giant Globe Telecom
Memorandum of Agreement Signed to Develop and Launch G-Cash, A Money Transfer System for over 10 Million Globe Mobile Phone Subscribers in the Philippines
October 18, 2004
PEMBROKE PINES, Fla.--(BUSINESS WIRE)--Oct. 18, 2004-- GlobeTel Communications Corp. today announced that a Memorandum of Agreement (MOA) with Philippine mobile giant Globe Telecom (Globe) has been signed to jointly develop an integrated payment system which will combine GTEL's stored value card payment processing capabilities with Globe's SMS applications technology.
The purpose of this program is to allow GTEL stored value cardholders to send money directly to family and friends through their Globe Mobile Phone. With this new technology, the SMS/text recipient is then able to withdraw funds from major Filipino retail outlet chains.
Globe Telecom is the second largest cellular phone operator in the Philippines with over 10 million subscribers. Globe, and its experienced leadership team has consistently won awards in Asia for their development and deployment of cutting edge technology for value added SMS applications. In 2004, Globe was awarded Best-Managed Asian Telecom and Most Innovative SMS Application respectively by Asia's leading financial and industry publications.
Anton Romulo, GTEL Managing Director for South East Asia, said "We are very exceptionally honored to be allied with Globe Telecom in launching G-Cash. The Philippines has long been widely considered the SMS capital of the world with an astounding average daily volume in excess of 50,000,000 text messages sent and received. "Texting" has become an integral part of Filipino daily life, and we are sure that G-Cash will soon become included as a part of mainstream popular culture. With GTEL in the USA and Globe Telecom in the Philippines, the G-Cash platform allows both companies to quickly increase our penetration into the Filipino-American market, both in the Continental US as well as the Philippine islands."
Joey Mendoza, Head of Business Development for Globe Telecom stated "We are extremely pleased to be partnering with GTEL in the development and launch of an integrated payment solution for our subscribers. We plan to launch a powerful solution that combines GTEL's distribution channels and advanced stored value card technology platform with our award winning SMS applications."
Leigh Coleman, President of GTEL stated that "This agreement with a company of the size and caliber of Globe Telecom will begin to change the way Filipinos remit funds internationally. It will significantly lower the overall cost of remittances. Equally important, it will make the process far easier and convenient."
Coleman further added, "This innovative and new service offering will serve as another advantage to Filipino people in a way to remit funds. This is just one more example of the social benefits that GTEL product and service offerings support. This social value is consistent with one of the many purposes that stored value was created. We are very passionate about the social values as well as the monetary value. We are proud to be associated with this program and look forward to increasing our presence in the Filipino and Asian markets for Stored Value Cards and Remittances."
----------------------------------------------------
MIAMI, Sep 14, 2004 (BUSINESS WIRE) -- GlobeTel Communications Corp. ( GTEL ) today announced that it has signed a Letter of Understanding with Equitable Cards Network (ECN), the largest Visa credit and debit card issuer in the Philippines with over 2.5 million Visa credit and debit cards combined. ECN is a subsidiary of Equitable PCIB, the third largest bank in the Philippines.
Under the agreement, GTEL will interface with ECN's systems to seamlessly issue prepaid cards to remittance recipients in the Philippines and issue prepaid Visa Electron debit cards to its cardholders. The card, the ECN E-card XP, will allow free withdrawals from 400 Equitable ATMs, and access to 5,000 Megalink and BancNet ATMs in the Philippines.
Anton Romulo, Managing Director for GTEL-SEA stated, "We are pleased to commence our relationship with ECN. Aside from the no-hassle convenience and added security the ECN E-card XP offers, ECN also offers the MTV E-Card XP. The MTV E-card XP comes bundled with exciting client discounts in select merchant locations in the Philippines and makes the ideal gift."
Ms. Teresita Tanbonliong, First Vice President for Marketing for ECN, stated, "We are pleased to offer our XP prepaid cards to GTEL clients worldwide, and wish GTEL every success in their card-to-card remittance service."
Mr. Timothy Huff, CEO of Globetel, expressed "that the marketing roll out of the GTEL stored value program, focusing on remittances is now gathering momentum and 2005 will show GTEL operating these programs across four continents and resulting in substantial revenues and profitability."
About Equitable Card Network and Equitable PCIB
Equitable CardNetwork, Inc. is both an issuer and acquirer of VISA, VISA Electron, MasterCard & JCB and the only issuer of American Express(R) credit cards in the Philippines. As a result, Equitable cards and its network of tie-up banks and financial institutions nationwide account for the largest share of the local market in terms of cardholder base and gross sales volume. In addition, ECN has the most number of accredited merchant establishments in the country, making the Equitable VISA, Equitable MasterCard, Equitable JCB, Equitable American Express(R) and its affiliated cards, the most widely accepted credit cards in the Philippines.
Equitable PCI Bank marks its 54th year of existence in 2004. It is presently the country's third largest bank, enjoying leadership in corporate and commercial banking, credit and payment cards, remittances, leasing, and investment banking. It has over 400 branches.
-------------------------------------------------------
MIAMI--(BUSINESS WIRE)--Sept. 9, 2004--GTEL (OTCBB:GTEL) and Timesofmoney.com announced today the signing of an MOU in which www.timesofmoney.com would provide direct deposit facilities to 54 banks and issue prepaid cards in India for GTEL cardholders.
The Indian remittance market is the one of the largest in the world, slightly behind Mexico and amounts to approximately $9 billion per year.
Anton Romulo, Managing Director for GTEL-SEA: "Times of Money is THE premier financial web portal for Non-resident Indians (NRIs) around the world, and we in GTEL are extremely delighted to be partners of this prestigious group. By combining GTEL's marketing programs and loading points in the USA together with our IVR and Web messaging systems, with Times of Money's 54 banking relationships and prepaid card channels in India, I believe that our product now provides one of the most compelling and pervasive remittance service for the NRI market today."
Suresh Rangarajan, Chief Operating Officer of TimesofMoney.com, said, "TimesofMoney.com has evolved into a provider of cutting edge online remittance solutions and the preferred partner for the Banking Industry across the Asia Pacific Region. We are excited about our alliance with GTEL and are convinced about the synergies this relationship brings to the table and are confident that with GTEL's unique prepaid card, the service is poised for growth."
Mr. Leigh Coleman, President of GTEL, stated: "That the focus on GTEL was to develop strong relationships in our international markets and to partner with a company of the caliber of the Times of Money is a great move forward in developing our international remittance program."
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MIAMI--(BUSINESS WIRE)--Sept. 7, 2004--Bankard, Inc. and GlobeTel Communications Corp. (GTEL) (OTCBB:GTEL - News) announced today the signing of a definitive Memorandum of Agreement which will allow GTEL to issue and process stored value cards under Bankard.
A major market for GTEL is the overseas Filipino workers (OFW) who remit approximately $7.6 billion annually. This stored value program is designed specifically to offer a friendly, low cost, low risk and affordable way for the 7 million Filipinos who send money home.
Anton Romulo, Managing Director-SEA for GTEL, stated, "This agreement with Bankard is a cornerstone for our Card-to-Card remittance initiative in the Philippines. Via Bankard, GTEL now has the flexibility to issue stored value cards that bundle IDD calling cards, insurance policies, education plans, and other virtual products in a simple, convenient format for both the Filipino overseas workers and their loved ones at home. The GTEL Bankard Card will also allow customers to access 5,000 ATMs locally for about $0.25 a transaction.
Joven Reyes, President and CEO of Bankard, said: "GTEL's stored value card is exciting to us as it gives us multiple points of distribution throughout the Americas and soon the other G7 countries. As we integrate our card platform with GTEL, we are confident we can channel a significant portion of the $7.6 billion OFW remittance market through our payment gateways."
Mr. Leigh Coleman, President of GTEL stated that the partnership with Bankard: "is a key part of our US and international marketing plans to position GTEL as a major participant in the $143 billion remittance industry and we look forward to working closely with the team in Bankard to focus on the needs of Filipinos living and working overseas."
About Bankard and RCBC:
Bankard is the only listed credit card company in the Philippine Stock Exchange. Bankard issues and acquires Visa, Mastercard and JCB marks, and has a portfolio of about 280,000 cards.
Bankard is a subsidiary of Rizal Commercial Banking Corporation (RCBC), the Philippines' fifth largest private domestic commercial bank with total consolidated assets of about PhP 164 billion (or US$3.0 billion) as of end-December 2001. The Yuchengco Group - one of the country's largest and strongest business conglomerates with interests in banking, insurance, manufacturing, realty development, among others - and The United Financial of Japan hold substantial stakes in the bank at 56% and 25% shares, respectively.
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MIAMI, Aug 19, 2004 (BUSINESS WIRE) -- GlobeTel Communications Corp. (GTEL) announced today that it has reached an agreement with Grupo Ingedigit C.A. ("GI") to establish a new business to profit from providing U.S. and worldwide financial transaction processing services. The venture will be managed by GTEL operating from its facilities in Miami, Florida and will mirror GI's successful operations in Venezuela.
With this new venture, GTEL is expanding its capabilities to profit from the electronic processing of financial transactions. Traditionally, these processing services would be provided by third parties at a cost to GTEL. GTEL will now earn fees from its customers' use of their GTEL stored value Magic Money debit and prepaid credit cards for financial transactions, bundled telecom and overseas money remittance services, and, under this new agreement, GTEL will also profit from the processing of these transactions as well as processing transactions on behalf of third party debit and credit card issuers.
GI is a well established international financial transaction processor certified by MasterCard and other financial networks, and the leading electronic financial transactions services backbone provider for the banking industry in Venezuela. GI currently supports major international bank sponsored programs from a platform in Venezuela.
Both parties are contributing equally to the venture. Upon its completion, the Miami switch is expected to be certified to process MasterCard, Visa, Cirrus and other independent ATM transaction networks. Operations are expected to begin before the end of the year. GI's will shift much of its current processing to the Miami switch with the Venezuela switch serving certain international requirements for each program and as well as redundancy for the GTEL network.
GTEL and GI will contribute their current and future business opportunities and customers for processing at the new Miami switch. GI will bring the processing of existing and new programs in Latin America, as well as other new and exciting opportunities in the U.S. and elsewhere. GTEL will bring all the Magic Money Card projects underway in the U.S. and throughout Mexico, Latin America, the Philippines and Australia. The Magic Money Cards are directed at the large immigrant communities that live and work in the U.S. to primarily call and send money home.
----------------------------------------------------
MIAMI--(BUSINESS WIRE)--Aug. 5, 2004--GlobeTel Communications Corp. (OTCBB:GTEL - News) today announced that First Class Professional Human Resources, Inc. (FC Professional), a Philippines corporation based in Manila, signed an agreement with GTEL to launch the GTEL Stored Value Program in Japan to its members.
FC Professional represents approximately 40,000 Filipino workers in Japan. It is a member association of FAME (Federated Associations of Manpower Exporters) which represents over 75% of the millions of Overseas Filipino Workers (OFW's).
The remittance program, an application of GTEL's Stored Value Program, will provide a low cost, easy to use, convenient, risk free remittance capability while adding significant other benefits to users of the program. These benefits will include low cost international calling & loyalty discounts.
Leigh Coleman, President of GTEL said, "The new program in Japan is an indication of the strong benefits provided by GTEL's program and the recognition of GTEL as a leading international provider of advanced remittance and other stored value programs."
Jackson Gan, CEO of FC Professional stated, "We are excited about what this program can do for our members. I have taken a look at other programs in the past, but GTEL's is by far the most comprehensive and complete. Nothing else I have seen comes close."
----------------------------------------------------------
Aug 3, 2004 9:01:00 AM
MANILA, Philippines, Aug 3, 2004 (BUSINESS WIRE) --
FAME (Federated Associations of Manpower Exporters, Inc.) announced its intention to endorse GlobeTel's (OTCBB:GTEL) Stored Value Program for 2.5 million Filipinos working overseas. FAME represents over 75% of overseas workers through its member associations and has strong support organizations in many overseas countries, particularly in the USA, Asia, Middle East, Japan, Hong Kong and Europe.
The GTEL remittance program, an application of the Stored Value Concept, will provide a low cost, easy to use, convenient, risk free remittance capability while adding significant other benefits to users of the program. These benefits will include low cost international calling & loyalty discounts.
Leigh Coleman, President of GTEL said: "This endorsement from one of the Philippines most prominent organizations representing overseas workers, shows that GTEL's programs are leading innovations in money remittance programs worldwide. The Philippines is third only to Mexico and India in total value of international money transfers. We are excited and honored by this recognition from FAME and look forward to providing significant benefits to all workers who shoulder the task of working overseas remitting valuable funds to families at home."
Eduardo Mahiya, Chairman of FAME said: "We at FAME are very careful about endorsing anything that will affect the lives of our people. However, we feel the program offered by GTEL is exactly what we have been looking for to empower our people to better handle their own finances. The program is superb."
-----------------------------------------------------------
MIAMI(BUSINESS WIRE)July 19, 2004--GlobeTel Communications Corp. (OTCBB:GTEL) is pleased to announce today the expansion of its wireless applications to fully integrate with its Magic Money Stored Value Program.
Currently GTEL’s TXT card product provides wireless access to international calling card services via SMS messaging. However, new developments announced today will integrate TXT card features into GlobeTel’s Stored Value Program directly as well as provide the ability to process financial transactions wirelessly, such as bill payments and money transfers.
Customers will be able to purchase low cost international calling cards or transfer money overseas via their cell phone as well as access many types of prepaid information services.
Premium content products and services, new calling card features like mobile conference Connect, and access to the lowest cost calling plans, independent of country location, are planned developments.
GTEL also announced new partnerships in the US with SMSaging and Movil1, who are SMS and Wireless specialists, who will partner with GTEL to provide the technical support needed to launch these initiatives in the US and UK in the 4th Quarter 2004.
These new products and applications will replace and enhance the initiatives announced earlier this year that were to be produced by Hybyte and Chris Tooley in the United Kingdom.
Core business may be off the back burner.
Gtel's website is looking for 2 programmers. Maybe data switch is in and they need software to interface their stored value card transactions with affiliates soon.
But I could not find any info after hours tonight, that shows any of the below deals are producing results yet.
GlobeTel Announces Agreement with Banco Azteca
March 1, 2005
GTEL Announces Strategic Alliance with Philippine Telecom Giant Globe Telecom
Monday, October 18, 2004
GTEL Signs Agreement With Equitable Cards Network
Tuesday September 14, 2004 12:10 pm ET - Business Wire
GTEL Signs Stored Value Card Agreement With Leading Indian Company for $9 Billion Remittance Market
Thursday September 9, 2004 9:01 am ET - Business Wire
GTEL Targets $7.6 Billion Filipino Remittance Market
Tuesday September 7, 2004 10:30 am ET - Business Wire
GlobeTel Announces Worldwide Financial Transaction Processing Venture
Thursday August 19, 2004 10:53 am ET - Business Wire
GlobeTel Announces Japanese Remittance Program
Thursday August 5, 2004 10:52 am ET - Business Wire
GTEL's Remittance Program Endorsed by Major Filipino Overseas Worker Organization
Tuesday August 3, 2004 9:01 am ET - Business Wire
GlobeTel Expands Wireless Applications
Monday July 19, 2004 9:47 am ET - Business Wire
After over a year of checking GTEL using TA, I've never seen Gtel's PPs move where TA says it should move.
Penny stocks do NOT trade within perimeters that numeric levels can produce logical results. Any analysis of stocks that can be controlled by MMs, operate with negative fundamentals, or can reach a double in one day are not predictable!
IMO, if you want to teach, great, but your the one that should be on RB. Teaching penny players how to trade on the big boys exchanges!
3 months ago Gtel was .067 and there was and have never been a TA chart that called for the move to .35(period) CAB is correct, This board was set up for GTEL, not TA.
tcr7309 G cash & GTEL
GTEL Announces Strategic Alliance with Philippine Telecom Giant Globe Telecom
Memorandum of Agreement Signed to Develop and Launch G-Cash, A Money Transfer System for over 10 Million Globe Mobile Phone Subscribers in the Philippines
October 18, 2004
PEMBROKE PINES, Fla.--(BUSINESS WIRE)--Oct. 18, 2004-- GlobeTel Communications Corp. today announced that a Memorandum of Agreement (MOA) with Philippine mobile giant Globe Telecom (Globe) has been signed to jointly develop an integrated payment system which will combine GTEL's stored value card payment processing capabilities with Globe's SMS applications technology.
The purpose of this program is to allow GTEL stored value cardholders to send money directly to family and friends through their Globe Mobile Phone. With this new technology, the SMS/text recipient is then able to withdraw funds from major Filipino retail outlet chains.
Globe Telecom is the second largest cellular phone operator in the Philippines with over 10 million subscribers. Globe, and its experienced leadership team has consistently won awards in Asia for their development and deployment of cutting edge technology for value added SMS applications. In 2004, Globe was awarded Best-Managed Asian Telecom and Most Innovative SMS Application respectively by Asia's leading financial and industry publications.
Anton Romulo, GTEL Managing Director for South East Asia, said "We are very exceptionally honored to be allied with Globe Telecom in launching G-Cash. The Philippines has long been widely considered the SMS capital of the world with an astounding average daily volume in excess of 50,000,000 text messages sent and received. "Texting" has become an integral part of Filipino daily life, and we are sure that G-Cash will soon become included as a part of mainstream popular culture. With GTEL in the USA and Globe Telecom in the Philippines, the G-Cash platform allows both companies to quickly increase our penetration into the Filipino-American market, both in the Continental US as well as the Philippine islands."
Joey Mendoza, Head of Business Development for Globe Telecom stated "We are extremely pleased to be partnering with GTEL in the development and launch of an integrated payment solution for our subscribers. We plan to launch a powerful solution that combines GTEL's distribution channels and advanced stored value card technology platform with our award winning SMS applications."
Leigh Coleman, President of GTEL stated that "This agreement with a company of the size and caliber of Globe Telecom will begin to change the way Filipinos remit funds internationally. It will significantly lower the overall cost of remittances. Equally important, it will make the process far easier and convenient."
Coleman further added, "This innovative and new service offering will serve as another advantage to Filipino people in a way to remit funds. This is just one more example of the social benefits that GTEL product and service offerings support. This social value is consistent with one of the many purposes that stored value was created. We are very passionate about the social values as well as the monetary value. We are proud to be associated with this program and look forward to increasing our presence in the Filipino and Asian markets for Stored Value Cards and Remittances."
Some core B - DD, money xferr rev's may have started?
Globe 'cashes in' on G-Cash
Posted 02:40am (Mla time) Mar 11, 2005
By Erwin Lemuel Oliva
INQ7.net
MOBILE phone operator Globe Telecom recorded close to 2.5 million dollars worth of transactions on its mobile commerce service “G-Cash” since its launching on October 2004, officials told reporters Tuesday.
-----------------
Remember GTEL is 1 of many transaction partners!!!
----------------
To date, Globe has also inked deals with 10 to 12 banks for its G-Cash for settlement partnerships.
http://news.inq7.net/infotech/index.php?index=1&story_id=30124
Thank you.
I Have relied on you facts and opinions. Being a board reader, not poster, since my kicking the day to day obsession, I've noticed what your talking about.
I also have a back to basics need and will miss you correcting all my off the cuff rants! You are a great stabilizing force on long investors, just to many new members with the RB mentality.
Thanks Rocky!
Is there anyone still investing in Gtel and not Sanswire?
I for one who jumped, came back for a quick double and have now bought back in long; based my moves on the core businesses.
Remember the company should be profitable Q2 2005. The up coming Q1 filing will show if Mr Huff, taking his eye so far off the core business, will cause problems with executing on the money xferr, transaction business. Miami Data switch? Aisa money xferr rev's? South America Money xferr transaction rev's? Voip marketing?
I for one sure hope there has been some progress in implimenting the partnerships Q3, Q4 2004 that produce high margin rev's.
We expected them to be reported in the Q4 2004 and the rev. increase was from the new carrier parnter and low margin rev's. VOIP has become a NON issue after Mr Huff took his eye off it for money xferr, I just hope money xferr doesn't become a NON issue now! Because it will be the meat & potatoes that will fund the high flying, hit or miss, future HAA business.
The Strat is and will be a negative on the bottom line for at least a year or two, IMO and after the PPs move already, a shareholder can't expect a short term double to play again.
IMO all here should be looking for and pressing management for core business execution to produce steady shareholder value increases through 2005.
I've phoned and emailed, voicing this to Mr Huff with no contact or responce to date. (Didn't expect any - busy man)Didn't ask question,I knew he couldn't answer, just tried to remind him there were still shareholders intrested in execution of the core business goals and growing shareholder value by tieing up loose ends and booking high margin rev's.
The last shareholder letter's wording didn't seem to verify any progress!
Gtel management comment;
Anyone that has read my posts here and on RB, may recall my talking about the only reasons to go long on an OTC:BB stock, is not financials,charts or any normal investment reason. It is because you believe that management has a good business plan and the talent to execute it!!!
I've posted about Mr. Huff many times and would like to let you know of another PLUS, I just found, about his ability to seem to know where to take GTEL. Most of the posts have been about the core business areas in the past.
In looking for a new penny play, I found a major stattelite company which filed Chapt 11, because of the mass of companies in that area. In order to continue business, they have sold $1.1 billion dollars worth of their outerspace holdings in North America and will focus on the areas of the world that Gtel is focusing on, under Mr Huffs direction.
Just like his focus with money xferr and carrier traffic. IMO this guy is really leading edge and makes me BELIEVE more every day.
------------------------------------------------------------
Below a part from Loral Space restructuring plans: NOTE South America, Europe, & Asia!!! They will manufacture, launch, & maintain custom communications equipment and lease to the same types of companies and areas as Sanswire, but IMO a few years from now Huff's plans and execution will put them completely out of business!
_---------------------------------------------------------
Since then, Loral Space & Communications has continued normal business operations and customer service, with the same management team and organization. The Intelsat transaction closed on March 17, 2004 and the company intends to reorganize around its remaining fleet of five satellites serving growing markets in South America, Europe and Asia and its satellite manufacturing operations. This will allow Loral to go forward as a viable enterprise with opportunities for future growth - an outcome the company believes is in the best interests of its customers, suppliers, employees and creditors.
Also my feelings about SIRI & GTEL; I'll believe Gtel can withstand a 1.5 billion $6.45 share price or only $5, or $2; only after 2 years of the mass media pumping Sanswires technology and GTEL's Company name to the mass investor community & public, the same as SIRI and sat radio has been!!
Outstanding future shares were posted by Rocky, but what else will be needed, if GTEL is successful with all future deals and thus becomes SUCCESSFUL, what we expect, so we should expect the need to issue more shares over the next 2 years, to 2006 and the $250 mil revs, RIGHT! No success, No $250 mil rev's.
Hard to calculate these but they can't add up to the 210-290 million Rocky showed left or we will be over the 1.5 bil limit! Hope they don't, But expect they will. IMO there are to many shares out and expected to be issued to stay under 1.5 with success over the next 2 years. Without success maybe.
Center Line LLc;
2 year deal, end June 30, 2006: More stock shares
If the LLC brings in $50 million
at the end of the first year of operation, CSI will receive $1 million of the company's publicly traded stock. If CSI repeats the $50 million in profitable revenue in year two, CSI will receive another $1 million of the company's publicly traded stock. If successful!
Then there is our American Exch. deal, end Dec 31, 2005: More stock shares
The Company will pay a one-time fee of 500 shares of Preferred Class C stock, convertible into 1% of the common shares of the Company after a one year holding period. Only if successful!
Then there is the Sanswire deal, end Dec 31,2005: More stock shares
In accordance with the Sanswire agreement, an additional 200 million shares were to be issued pursuant to the terms and conditions of the "successful commercial launch" If successful!
Will this deal require shares? No details, yet.
In July 2004, the Company entered into two separate agreements with SMSaging.Inc. and Movil+, which are SMS and Wireless specialists, who will partner with the Company to provide the technical support needed to launch initiatives related to certain features of the Stored Value Program in the 4th Quarter 2004.
How about 2004 options? Here's 2003's. What will 2004, 2005, 2006 look like? Expect any??
September 26, 2003 2,206,667 Satisfaction of debt
September 26, 2003 17,600,000 Accrued salary
September 26, 2003 8,944,467 Accrued salary
September 26, 2003 7,444,467 Accrued salary September 26, 2003 7,444,467 Accrued salary
September 26, 2003 4,111,133 Accrued salary
December 18, 2003 6,666,667 Officer salary
December 18, 2003 5,333,333 Officer salary
December 18, 2003 3,333,333 Salary
December 18, 2003 1,000,000 Officer salary
December 18, 2003 1,666,667 Accounting services
December 18, 2003 2,666,667 Network services
Now that I'm back in DD mode about Gtel financials, I've come up with another unanswered question some may like to discuss.
The Sanswire/Stratodyne agreement. WHY can Vern file a S8 to sell his 2 million of the 28 million issued by gtel, but the SNWR shareholders haven't seen theirs?
In the following form Q3, it states Verns shares are to be taken FROM the previously issued Sanswire shares. So how does Vern get shares back from Sanswire, then can register them to sell from shares that Sanswire can't. When they were Sanswires 1st??? Why are vern's out of escrow and free trading only?
Gtel Q3:
As consideration for the sale of the assets, the Company issued 28 million shares of its common stock to Sanswire, pursuant to the Sanswire agreement, at the closing, and the shares were being held in escrow pending delivery of the final documents. In November 2004 all the final documents were delivered and the relationship was consummated. In September 2004, pursuant to the Stratodyne agreement, 2 million shares of the Company's common stock were issued directly to Stratodyne's principal shareholder. These shares are included in the 28 million shares originally issued to Sanswire, and, accordingly, the Sanswsire shareholders will maintain only 26 million shares issued and return 2 million of the previously issued shares to the Company.
Gtel website:
Notice to Sanswire Technologies Shareholders
October 7, 2004
Please be advised that the GlobeTel shares for Sanswire Technologies have been delivered into escrow. The escrow agent is awaiting instructions from Sanswire Technologies for disbursement thereof. Under the agreement with Sanswire, GlobeTel has agreed to register the shares. The registration has not been filed with the SEC yet but is being prepared. If you have any shareholder related questions please contact Sanswire Technologies management.
tpaero
Thank you! Seems TABOADA is more involved with Gtel these days then Hilton.
tpaero
Thanks for info about TABOADA.
I was doing DD about him and could find no info of who he was with after his stent as Director of Corporate Finance for Hornblower & Weeks Inc. Which got nailed for bad practices.
Someone told me he had ties to Charles Morgan Securities, Inc. the firm handling gtel's OTC:BB move. I could not confirm this or his relationship with FORDHAM FINANCIAL SERVICES as you mentioned.
Basically I'm trying to find out just how involved Taboade is in the financial activies of Gtel and Mr Huff, after the ADGI Hilton connection was broken.
Fordham info is interesting, with the Fordham ATC series A shares just being converted and Taboada buying 500 series C shares for $500k.
Following is the info I've come up with, any info you may have would be appreciated.
----------------------------------------
The Q3 sayes Taboaba has been providing consulting services for the Company for over four years 2000-2004. I have found him linked as Director of Corporate Finance for Hornblower & Weeks Inc and the ADGI & Gtel change in May 2002.
http://64.233.179.104/search?q=cache:j2PEsCO6SD4J:thestockbroker.com/ADGI_RESEARCH2002.html+%22Paul+...
Hornblower & Weeks has a bad OTC:BB rep and has been nailed several times in court. Suspended license, fined, etc.
I also found a link to CMS & Gtel right after the ADGI change. So CMS has been arround for sometime before the Gtel/Amer.Exch. relationship just announced.
AGREEMENT, made this 15th day of August, 2002 by and between GlobeTel
Communications Corp., having its principal place of business at 444 Brickell
Avenue, Suite 522, Miami, FL. 33131 hereinafter the "Company" and Charles Morgan Securities Inc. having its principal place of business at 3978 Williams Street,
Suite 3B, Seaford, NY 11783, hereinafter the ("Consultant").
Seems Hornblower & Weeks went out of business or was put out right after the ADGI/GTEL deal and Charles Morgan Securities went into business with Gtel right after.
Hence ADGI's relationship with the firm stopped (H&WS),May 2002 and Gtel started a new relationship with our new firm (CMS),Aug 2002. Taboada had a 4 year relationship with ADGI/GTEL, which lead me to believe he started with (H&WS) and continued with (CMS), but I can't find a link to Charles Morgan or find any info on Charles Morgan Securities other then Gtel.
From last Q3 filing:
Investment Advisory Agreement
On August 16, 2004, the Company entered into an investment advisory agreement with Charles Morgan Securities, Inc. (CMS) for term ending on December 31, 2005. CMS will render consulting services related to business development, corporate planning, investment and securities matters, including the Company's applying for trading on a higher listed exchange. As compensation for services, the Company will pay a one-time fee of 500 shares of Preferred Class C stock, convertible into 1% of the common shares of the Company after a one year holding period. Pursuant to the agreement, the compensation is not considered earned until when and if the advisor accomplishes the moving of the Company's stock from trading on the OTCBB to another trading board of higher standing by December 31, 2005.
From Gfame's post.
""For more than a year, phone makers, software companies and computer chip manufacturers have been working to develop secure and reliable payment technology for cellphones. After the phone's chip is recognized by the electronic reader, the credit card account number will be verified, as it is now, and the price of the purchase will be added to the consumer's credit card bill.""
I; as all longs should love this info. I had no idea of this developement and it shows the type of DD Huff is doing every day to move Gtel into new profitable directions.
You can bet over a year ago Huff was knowledgable about this and the Money remittance markets in 3rd world countries.
Everytime I loose a little respect for MR Huff, because he doesn't keep us informed, I find another reason to put this guy in highest reguard.
Good post at RB,#250702. It decusses US getting into using cell phones like a credit card.
My thought are covered with this. All should read, good future info for GTEL. IMO
OT:gfame
Thanks for your research! Good info, If the US eventually starts this also, Gtel will have an established advantage in the US, because they will have been using it in Asia for some time.
Huff could have meeting here and tell the prospect, Been there, Done that1 Should help Gtel in the future! Great find, Thanks!!!!
Kind of info needed for all longs!!
MAILMAN,
Now all I need is some news as to the status of the Miami switch and I'd predict Gtel is WELL on the way to processing money xferrs with Grupo Ingedigit C.A. ("GI")in Venezuela.
Globally!!!
Getting this hardware up would be a huge Plus! IMO
I emailed for info, but dought I'll get a response. Never do!
The core business is my focus, I don't need no stinkin Stattilite.( with a mexican accent)
Thanks for your help! in advance.
Rocky;
Look what I found researching Paul Taboada's link to Charles Morgan Securities, Inc.
The $15 mil Caterham deal money for data switches in Miami & guess where the 2nd switch is to go, Hong Kong.
Grupo Ingedigit C.A. ("GI"), Venezuela deal threw me off, data switch wise.
How did we forget this? Now we have Mr.Ingram and his great connections in Hong Kong working with (? some unknown group) that got his preferred shares, using Caterham money, to install the 2nd data switch in Hong Kong TO:light up the international gateway in Hong Kong in the first quarter of this year.
From Q3:
With respect to the $5 million in working capital, Caterham has agreed to advance $1 million to GTEL on May 7, July 1, September 1, November 1 and December 31. The Agreement provides that Caterham has a 10 day grace period, in which to make any scheduled payments. With respect to the Master Card Data switches, Caterham has agreed to advance an aggregate of $5 million to GTEL to purchase a Stored Value Card Data Switch, which will be located in Miami, Florida and subsequently a second switch will be installed in the Company's Hong Kong operations.
Rocky; It was 25% for Ingram and 75% for the new group!
Could very well be our link, at any rate it will do for now.
Gtel has made another deal through Ingrams connections in Hong Kong, is how I'm reading it, ture or not I'm happy
Thanks!
On April 27, 2004, the Company agreed to sell 1,000 shares of Series C Preferred Stock of GlobeTel Communications Corp. ("GTEL") to Tim Ingram, a Hong Kong based investment banker, for a total investment of $1 million. The Company intends to use this $1 million investment for working capital and purchase of equipment necessary to expand the Company's Stored Value Card Programs.
Tim Ingram agreed to advance $1 million to GTEL on or before June 25, August 25, October 25 and December 25, 2004. Mr. Ingram advanced $250,000 to the Company on June 25, 2004 as agreed, and 250 shares of Series C Preferred Stock were issued. Subsequently, Mr. Ingram notified the Company that he will not be funding the remaining $750,000 and instead agreed to assign the remaining amount to other groups wanting to invest in the Company.
Once again thanks I read that.
My take has alway been Value added cards would need a credit card company to allow any money xferrs, be it cash or bill payment.
So Gtels Stored Value card had to be backed by Mastercard or Visa or the such or the card could only be used for air time minutes on Gtel networks.
Thanks again; I read that and it's basically where I came up with my blurb about the core business.
Thanks for all you effort, I see, as usual, there are no direct answers to what is going on.
I'll just have to go back into DD mode and continue to read and read and pull out answers from bits and pieces between the lines.
I'm not sure if I can go through that again, did that before and got lost more the found. Each question lead me to 2 more.
Sorry if I wasted your time but GTEL & Huff are like eating chips.I know they are good, but to many are bad for you, and I'm not able to put down the darn never ending BAG! LOL
It's all good, but I'd like just once to feel I knew what my favorite company and it's management was doing!
IMO China would be big for gtel if we use CGI or Centerline for larger margins, but small if we just lease carries traffic again, by getting another partner.
This is the kind of info I want to know, to get a handle on the possible profits the company can expect and I have no idea whats what.
Thanks again signing off.
Thats my point. Why breakout MasterCard money remittance when the website says it's part of Stored Value Card, which is magic Money? They are the samething.
Our goal is to have 6 million Stored-Value cards and over 1 million MasterCard money remittance customers worldwide by 2006
I should stop trying to research what Huff is doing, in gtels core business, again. Every time I start to research bits of info released, I end up with more questions.
Carrier traffic vs telephony products vs super hubs
As I understand it:
Carrier traffic is wholesale air time minutes charged for any/all data over IP networks.
Telephony products are the various types hardware used to xferr various types of data used on these networks.
Super Hubs are the routing equipment and software which shifts the data globally in the quickest manner.
Any comments or correction, thankyou.
Thanks,
I knew ATC/ CGI had a China connection but as of the last Auzzy filing I saw no changes to the possible start of business. Doesn't Centerline or one of it's subs have a China connection also. At any rate a Gtel move for carrier traffic into China could be a large move IMO. Especially If it's done with CGI a company we own 73% of, Larger margins with our own networks.
After reading the Jan 10 letter from Huff. I found 3 new items which I don't remember seeing before.
Can anyone here give me some more info about the following?
1. International gate way in Hong Kong.
What gate way, does anyone remember anything about this? Is this IPW or IGC networks, that are presently not in business?
2. A full telephony product line,
Again has anyone heard about this before? Can't be magic phone. Launch data June 2005.
3. And last Magic money & Store value cards,
Does this mean magic money is remittance and stored value the phone transactions? I see no distinction on the website and have read nothing describing any difference.
----------------------------------------------------------
Letter Quotes!
We plan to light up the international gateway in Hong Kong in the first quarter of this year.
A full telephony product line will be introduced in the first quarter of 2005 and launched in key markets by June 2005.
Our goal is to have 6 million Stored-Value cards and over 1 million MasterCard money remittance customers worldwide by 2006
Rocky thanks
Been looking everywhere and I can't find anything either. Was worried if MMs get PPs below .068 just once, it could delay move off OTC:BB 90 days.
Rocky
Do you know if there are restrictions as to length of time the market cap must be maintained, for the Amer Ex?