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ShakeyGuy, the .BC code is most certainly NOT an overlooked AMEX software problem. You, me, God knows how many others have contacted AMEX over this unresolved issue---thus, there is simply no way this is "overlooked." We all get the same AMEX reply: "the matter is still under review." Looks like AMEX not entirely satisfied w/ subsequent papers filed by GTE. Could it be that AMEX not satisfied with the meager- info 12/27 PR issued to shareholders regarding this deficiency? I don't know. Perhaps the .BC will be removed once shareholders totally updated via 10K filing. Ya gotta wonder how things like this happen in a co headed by individuals w/ such enormous business acumen (isn't that supposed to be our "ace in the hole" here)?
Got to agree w/ Lowtrade's vent and Ken W comment that GTE is its' own worse enemy---constantly supplying ample fodder for all its' many skeptics.
No co deserves shareholder blind faith or "rabid loyalty." Look at the previous shareholder letters we received:
March 15, 2005
January 11, 2005
January 10, 2005
August 16, 2004
December 01, 2003
August 21, 2003
July 16, 2003
April 23, 2003
BY THIS TIME LAST YEAR WE ALREADY HAD 3 UPDATES FROM OUR COMPANY. NOW IF HUFF + HIS IMPRESSIVE ASSOCIATES HAVE SO MUCH GOING ON, WHY ARE WE SHAREHOLDERS THE LAST TO KNOW? WHAT CONCLUSION WOULD ANY REASONABLE PERSON DRAW FROM SUCH A LACK OF DISCLOSURE? WE DON'T NEED AN IR WHOSE EXPERTISE IS THE ART OF THE SPIN. WHAT A SCARY THOUGHT. WE NEED OUR BRILLIANT BOD TO EXECUTE AND INFORM US TIMELY OF THEIR PROGRESS AND THE FULL DETAIL ON ANY FAILURES.
Don't bother bashing me if you don't like what you read. I'm long too--have remained consistently so--and simply in need of facts to retain my confidence in my investment. It's no more complicated than that. We ALL want this co to succeed. We ALL believed in the plan....but no one could honestly fault any long for their frustration in this present information vacuum.
Mide, have you contacted IR re: reason for today's halt?
(per your post 17685):Co indicated THEIR pref for a.m. PR "if they have any say in the matter"---and we finally get the news @ almost 2 CST---after an a.m. halt for pending news. (If) Co not timing the actual release today, who was? Do you think that because this has been going on since 12/30, someone (AMEX?) had to do some verification of today's PR before it was released? It's just so perplexing because as noted by many this aft., this news hardly seemed worthy of a halt.
Further, post #22264 states "The most common regulatory halt and delay happen when a company has pending news that may affect the security’s price (a "news pending" halt or delay). By halting or delaying trading, market participants can have time to assess the impact of the news."
Today we had no "assess the impact of the news" because we were halted w/o any news issued---and resumed tdg right after news released almost 4 hrs later.
In retrospect, this 3/15 Mide post#17685 an interesting choice of words from IR:
"The one thing I have been assured about from IR is we will have an update Friday morning, if they have any say in the matter."
M
Subject: Trading Halts Posted By: Rocky1
Date/Time: 03/17/2006 10:17 AM CST Message #: 525 of 525
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Trading Halts and Delays
Securities exchanges, such as the New York Stock Exchange (NYSE) and American Stock Exchange (Amex), as well as the Nasdaq Stock Market, have the authority to halt and delay trading in a security. A trading halt—which typically lasts less than an hour but can be longer—is called during the trading day to allow a company to announce important news or where there is a significant order imbalance between buyers and sellers in a security. A trading delay (or "delayed opening") is called if either of these situations occurs at the beginning of the trading day.
There are two types of trading halts and delays—regulatory and nonregulatory. The most common regulatory halt and delay happen when a company has pending news that may affect the security’s price (a "news pending" halt or delay). By halting or delaying trading, market participants can have time to assess the impact of the news. Another type of regulatory halt happens when a market halts trading in a security when there is uncertainty over whether the security continues to meet the market’s listing standards. When a regulatory halt or delay is imposed by a security’s primary market, the other U.S. markets that also trade the security honor this halt.
Nonregulatory halts or delays occur on exchanges, such as the NYSE and Amex (but not on Nasdaq), when there is a significant imbalance in the pending buy and sell orders in a security. When an imbalance occurs, trading is stopped to alert market participants to the situation and to allow the exchange specialists to disseminate information to investors concerning a price range where trading may begin again on this exchange. A nonregulatory trading halt or delay on one exchange does not preclude other markets from trading this security.
You can find out what stocks have had their trading halted on the NYSE, Amex, and the Nasdaq Stock Market, as well as on the OTC Bulletin Board.
The SEC does not halt or delay trading in a security for news pending or order imbalances, but it can suspend trading for up to ten days and, if appropriate, take action to revoke a security’s registration. For more information about the SEC’s authority to suspend trading in a security, please read "Trading Suspension! When the SEC Suspends Trading in a Stock" in our Fast Answers databank.
http://www.sec.gov/answers/tradinghalt.htm
not looking good per your link--other T1:
12/22/2005 09:26:14 RCF RICA FOODS INC C T1
looked up that symbol---delisting + internal investigation followed
Can't be a crash and burn now, right, or our new Yale magna cum laude w/ Harvard business MBA sure didn't do his DD............
ANYONE REMEMBER how long 12/30 halt was?
here's what another leader had to say earlier:
Posted by: pitbull74
In reply to: wolfrun who wrote msg# 16105 Date:2/25/2006 8:18:48 PM
Post #of 17786
oh...and some ta on that 2.50; if gte is to see 2.50 anytime soon it will not be from low's charts as opposed to tim huff's inability to execute and remain credible. that is the only way you will ever see 2.50 again wolf, and if that series of unfortunate events is to take place, pitbull will ask matt to completely remove him from registration @ i-hub -pit
You called it correctly on your 2/25 post above, pitbull74---I have NO idea what kind of a trip you've been on the last couple of days.
What we have seen reflected in current pps is inability to execute and credibility issues---we can't just keep on buying on faith----unless you have enough fine scotch to go around for all to cloud our judgment as well.
doctorS, I thought I had already addressed one of the possible bank concerns in my post 22167 earlier today.
One would think that completing the Altvater-planned German rollout would have gone far in convincing skeptics on the technological merits of HotZone.
The banks bring to the table cash vs GTE heretofore unused technology--now how much detail would you require if it was your cash that was going to be used to do the proving?
Huff himself has stated the final issue now is GTE business plan for this Russian venture. I can certainly see one big issue for these deciding banks when I compare the following.
Huff's statement and assurance in the 1/9 PR: -- "Technical and Construction Risks: GlobeTel is entirely confident about the technical quality and deployability of its Hotzone wireless networks. This is not considered a risk but, rather, GlobeTel's single greatest advantage and protection against most other risks."
vs. Mide's observation in his post #22129: "Germany hotzone rollout was announced before GTE acquired all Altvater's assets in Hot Zone wireless technology, in his own country.
I haven't seen an update on that closing as a done install yet....have you?"
Say what?
Mide, I haven't been following the GTE option play throughout this; has it been telling you anything?
crashman, my bread crumb theory meant GTE could be the manipulator Lowtrade talking about....leading us down a false path with tidbits of hope here and there just to keep us hanging on. Make no mistake---lots of money has been made in mkt since 12/30---just not us longs. Look what we've been reduced to throughout all of this---geez, we're forced to guess and theorize every meager morsel that comes our way.
Like Pit, I do see some hope in today's new guy announcement--like I said in post 22057: why would a guy with the ed + exper of Floyd Bradley sign on at THIS juncture unless there is more good than presently meets the eye. But why are we being kept in the dark so long?
crashman you're right: "Anyone ever notice that right after everyone is pessimistic stock goes up" but the PR's that have previously driven that train now require more meat--or they no longer work (like today's).
From 1/26 DJ: "If GlobeTel's as full of hot air as the fleets of dirigibles the company sees as a cheaper alternative to satellites, some pretty big reputations are going to take a bath."
I'd say they're in the bathtub @ present---can't imagine why today's new guy of pedigree would want to join them---unless they're about to stand up and wiggle their tush at the rest of the world by soon del'g!
I'm obviously frustrated...nothing adds up.
here's another scenario: the carrot now being dangled by GTE is not to the banks or Russians but to the GTE longs--- to not abandon the ship despite their abysmal execution.
Folks, the bread crumbs being spread along the path are for US. And (unfortunately and suspiciously) crumbs are ALL that's being spread at present......
First there was the 3/9 Huff cut and paste on Rocky's board, "The Russian transaction is only one of many wireless networks that are either in the final stages of the transaction or at pilot stage or we have a final agreement signed and construction will begin this year."
Next came the 3/13 PR: 'However, we're committed to more than twenty other GlobeTel Wireless network projects requiring our time and attention. Further delays in the closing of the Internafta transaction would only serve to distract our team from these immediate opportunities."
BTW, STREET SKEPTICAL THAT GTE COULD MANAGE THE SIZE OF THE RUSSIAN DEAL ALONE. HOW ABOUT THAT DEAL----AND----20 OTHERS.
Then yest's (private subscr--most of us only learned about today) DJ to dangle the Russian carrot yet again: If GlobeTel has to "default the contract for non-payment," Huff said he hopes to put in place a new contract with Internafta that would better spell out both parties' responsibilities.
Today's PR: March 14, 2006-- (AMEX:GTE) announced today the appointment of Floyd Bradley as Managing Director of its GlobeTel Wireless subsidiary." (the pedigree PR's have lost their effect---we already have world-class businessmen who have yet to execute anything meaningful---as told thus far)
Pretty word pictures just don't cut it any more. Notice the change in DJ Maxwell Murphy too:
3/3: Whether the promises measure up to what GlobeTel actually delivers remains to be seen, but some of the people it calls partners, employees and board members come with enough credibility to merit GlobeTel at least being given the benefit of the doubt - or enough rope to hang itself, for you cynics out there."
vs Yest:"Whether Chief Executive Timothy Huff and his team have grossly overestimated GlobeTel's potential, exaggerated their deals or worse," (ponder the "or worse")........."investors want GlobeTel's WiMax wireless network to take off in Russia and possibly China, Mexico and Germany (just three of the places GlobeTel has touted potential deals)." (notice: touted)...."CEO Huff maintains all of GlobeTel's businesses will see noticeable improvement this quarter, though the end of the March period is less than three weeks away and we have heard little from the company to indicate any big new revenue streams are yet in place (yup---and they don't HAVE to tell us until 5/15 deadline so those crumbs go a long way).......AND MY PERSONAL FAVORITE: "the seeming naivety of GlobeTel's management isn't encouraging."
THE PROF RESUME OF PRESENT MGMT ANYTHING BUT NAIVE----SO EXACTLY WHAT IS THE NATURE OF WHAT'S BEING PLAYED OUT HERE?
JMHO that DJ way off base in this remark from yest: "For them to maximize profits, GlobeTel's shares need to go back to the penny-stock land from whence the former Bulletin Board company
came; for the shorts who now taste blood, all this talk of maybes doesn't cut it either." That's just the climax---much more money to be gained FIRST in these delicious little trading channels, over and over again + courtesy of the bread crumbs, and THEN the final cash out.
For those of you w/ SB on iggy: his 3/11 post# 21653 contained new + relevant info:
(GTE)"ON NAKED SHORT LIST. Good luck.
http://www.nakedshortlist.com/selectbysymbol.html#g
Symbol Security Name Market Days Listed
GTE GlobeTel Communications Corp Amex 48"
we're off of it now---yest a great buying opp.
There's an incredible amt of $$$ being made here, folks--longs just not included.
If there was EVER a time for mgmt to restore SH confidence it's NOW---with facts and figures--and they can start w/ Strat facts--after all, no "military hush" on SanswireII.
well, maybe Roc's post here answers my ? Perhaps GTE BOD business acumen TOO GOOD on orig deal. Whatever. Who knows what is up anymore:
Subject: Cab Posted By: Rocky1
Date/Time: 03/14/2006 10:31 AM CST Message #: 505 of 505
--------------------------------------------------------------------------------
Cab,
IMO, long delays as we have had are usually not a good sign. I believe the road has been paved for either a default or renegotiating the contract. It was stated here on several occasions the details posted in the 8K were very much in GTE's favor which seemed odd given the amount of dollars involved. Now that the banks are involved "regarding a funding commitment secured by Internafta's assets" those terms won't fly. I hope they prove me wrong on that.
Whether the deal falls apart entirely or is negotiated with different terms, it is time to regroup and gear into other wireless areas and complete a job...thanks
No worries if "original contract with Internafta could have been written on the back of a vodka-soaked napkin for all it said" because THEN we already have the "inside scoop" from Pit that it's a done deal. LOL.
We're not sure when Cleary Gottlieb attys. became involved---we only know when it was revealed to us: 1/31 PR. However, I agree that involvement prior to then seems doubtful re your comment: "Cleary et al would never have allowed their client to sign that."
But that brings up another point. Huff not acting alone. It's not the poor befuddled telecom whiz who, oh dear, entered into a muddled business agmt in trying to bring his techno dream to market. This telecom whiz surrounded by board loaded w/ business IQ. Remember this 11/30 PR: FORT LAUDERDALE, Fla., Nov 30, 2005 (BUSINESS WIRE) -- GlobeTel Communications Corp. (AMEX:GTE) today announced the appointment of J. Randolph Dumas to the position of Executive Vice Chairman and Director. In this new position, Mr. Dumas will be expanding on his previous role as a joint venture partner in Sanswire Europe.
Mr. Dumas, a resident of London, England, has lived and worked in Europe for the past 25 years. He was a partner of Salomon Brothers International Limited responsible for the firm's European corporate finance, mortgage securities and real estate investment banking businesses for a number of years. Subsequently, Dumas founded and became the Managing Partner of two prominent private equity firms: Dumas West & Co. (a 50:50 partnership with the "Baby Bell" telecommunications company, US West) and Rubikon Partners, a firm focusing on European leveraged buyouts founded by Mr. Dumas, Henry Kissinger, Thomas McLarty and Leo A. Daly III. Dumas has had extensive experience working in virtually every business sector and in every country within Europe, Asia and in much of the Middle East. He maintains strong relationships in these countries at the highest levels.
And how about the business-pedigree on Dorian Klein (true, this is after the 12/30 Russian deal, but he had much better insiders than Pit---and comments that he had been closely watching Co for more than a yr: GlobeTel Communications Corp. Appoints Dorian Klein as its Newest Independent Director
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Jan. 11, 2006--GlobeTel Communications Corp. (AMEX:GTE), a premiere provider of communications products and enhanced value-added services, announced today the appointment of Dorian B. Klein to its Board of Directors. Mr. Klein will also serve on GlobeTel's Audit, Compensation and Nominating Committees. His appointment is effective immediately.
Dorian Klein has more than 25 years of professional experience in international finance and investments. He has a distinguished record as an investment banker having worked for more than 20 years in New York, London and Tokyo, including roles as Managing Director and Head of European Structured and Principal Finance at Merrill Lynch in London and as Managing Director and Head of Asset Finance at Bankers Trust in London. He also headed the Tokyo office of a highly successful boutique investment bank that he co-founded with his colleagues from Paine Webber during the 80's. During his career as an international investment banker, Mr. Klein structured or executed more than 500 complex securities transactions, in both public and private markets, involving every type of debt and equity security. Mr. Klein is currently the Managing Partner of Rubikon Partners, a private equity firm specializing in mid-cap European buy-ins and buy-outs, which he co-founded together with Dr. Henry Kissinger, the Hon. Thomas McLarty, Leo A. Daly and J. Randolph Dumas. He has also been a private investor in several European technology companies, including several in fields which are directly relevant to the business strategy of GlobeTel. Mr. Klein is also currently on the Boards of Investitori Associati (the largest Italian private equity fund) and Holding.com (a Dutch company with high-tech holdings throughout Europe). Mr. Klein is an alumnus of Yale University (BA in Mathematics) and the Harvard Business School (MBA in Finance).
"I have known Dorian Klein for several years, having initially met him through several of his Founding Shareholders at Rubikon Partners," commented Sir Christopher Meyer, Chairman of GlobeTel's Board of Directors. "He is highly respected by his peers in the financial services arena, and he carries with him the confidence that comes from having been successfully at the center of the most competitive industry in the world for many years. This experience and the solid judgments that come along with it, will be of tremendous benefit to our Board and to the continuing success of the company. This important addition represents another key step in the Board restructuring which I initiated during the summer."
"I very much look forward to my role on the Board of GlobeTel and to working closely with Tim Huff, Sir Christopher Meyer and with their management and Board colleagues," remarked Klein. "I have closely followed the developments at GlobeTel for more than a year, and I see it as a company with all the ingredients necessary to achieve great things. As this happens, I will do whatever I can to help orient the company's global strategic and marketing development in order to fulfill its substantial potential."
DJ Maxwell Murphy wrote in Monday's article (posted to board earlier today) "Given the deal's size, the Brazilian origin of the bank guarantee and the heightened scrutiny of any deal where large sums of money and Russia are mentioned in the same breath, Huff says the syndicate of banks brokering the
deal for Internafta want to know more about all parties involved. GlobeTel has presented its business plan and other requested information to the banks and GlobeTel hopes the deal will go through as Internafta has promised, he said. Huff said GlobeTel didn't anticipate the "level of involvement" of all the banks in the deal, and the company was caught somewhat off guard by the way the deal has been worked out in the public eye. The difference in the public perception of the deal and what it has "slowly morphed into," he said, need to
be rationalized. Make of the plausibility of this explanation what you will, but the seeming naivety of GlobeTel's management isn't encouraging."
"Encouraging," Maxwell??????? Given the business acumen of GTE board, downright preposterous--and unbelievable.
pitbull74, I think the last PR made it clear what the hold up was: "Internafta advised us that its funding has been approved by its bank syndicate, subject only to the bank's final review and analysis of this GTE business plan:
Bank is in their final review and analysis of the GTE BUSINESS PLAN for this venture.
hint hint
tpaero, your patience and peace come from the fact that you bot in @ 2 cent level. At that price, no one has an issue w/ the Co--incl. Seth of MF. To sustain higher pps, we need some profitability from this Co SOON--or FACTS NOT PR that support a reasonable expectation of soon. As 3/3 DJ article states: "there can only be so many delays and unmet expectations before shareholders are forced to throw up their hands in disgust and head for a less risky investment." Your cost basis will let you hang in there longer than most...
doctorS, I'm a little confused by everyone's raised eyebrow towards "the Russians" as the sole questionable entity. Per 1/31/06 GTE PR, we have known that "GlobeTel is represented in Moscow by the law firm of Cleary Gottlieb Steen & Hamilton LLP." Per our own DD, we know that this is one of the top-rated legal cos. in intl. matters. Now I ask you, wouldn't it be point #1 for our crack legal team to determine if, in fact, our Russian suitors had the assets purported to close the deal?
It even seemed a short, easy task, since these assets were made to look like CASH in the 2/9/06 DJ interview "The $300 million, along with the rest of necessary funds, are in banks like Banco Do Brasil waiting to be released to GlobeTel's European operations, Chernizov said from Moscow in a telephone interview. http://webreprints.djreprints.com/1404921412584.html
Pitbull74, your comment: "*** just seen the documentary on the kennedy family -fdr called joe kennedy a crook to his face back in the 30's and said "now fix wallstreet joe!" ***"
FDR correct on both--joe was a crook, on wallst. as well, and incred. successful at it. If your going to burglar-proof your home, who can do it better than the thief that so expertly stole from it prior?
Have just been catching up w/ posts fr last 3 days. What's up w/ you and the GTE cheer-leading/hints of "insider" (over wknd)? LOL Guess your insider info needed tweaking--Russian outcome just as uncertain today as prior.. and true s/h still reading tea leaves
kenw, I much appreciate your comment and suggestions to Co. My biggest prob w/ it all is that any "professional" IR person would already know that and wouldn't have to be told. In fact, it's SO obvious that it just raises alot of questions.
I'm down to my last post here (stop clapping)LOL
History (any history) has shown that proper information mgmt is essential--it's either a weapon or a shield in the way it's used.
that's why I love this board---all the knowledgeable, helpful people. Thank you very much.
I know I've come on strong today---don't like it myself---but information is much too important a commodity to EVER be taken lightly.
Shalom
TIP TO BLECKMAN: since your CEO obviously trusts Rocky's message board w/ a cut + paste, how about summing up each days email queries with an e-mail response to Roc---for further cut+paste to his board? LOL.
gregmaster, I guess you're now getting just as little as you expect; what else can I say? In an information vacuum, any supposed info from Co becomes welcomed, even when it's del'd so unprofessionally....but NOT to me (and, I hope, others).
If e-mail responses are the present game plan, then Bleckman needs to provide same response to similar queries--not elongated and abbreviated versions.
Haven't checked Yahoo---RB was enough of a "treat" last night.
Information, or lack thereof, is very powerful and not to be treated lightly. Bleckman is well aware of that---he knows how HE wants to be treated on his end of the info equation----my comments are just representing the other end.
give me ONE valid reason it should be kept off a public message board.
And you have no prob with "lengthly" responses to some shareholders and abbreviated responses to others? Tell me, when was the last time you heard anything about Sanswire? Do you expect to get that info direct from Co or second-hand from an indirect source?
Because we get so little direct "up-dates" from Co re: "all these present irons in the fire" we accept info del'd via ANY means?
Again, you find this to be prof way of handling IR?
as I see it, the only thing w/o merit is the curious behavior of our new IR, Bleckman. Little info here, little info there, to (basicly)same queries, but NOT the same responses---via e-mail, of all things, w/ att'd "don't divulge to any GTE message board" warning.
Now I ask you, fellow boardmembers, do you find this to be professional IR behavior?
why guess? Will the mod who deleted my post on Bleckman to TA board (AS A RESPONSE) please furnish the reason WHY? Please give us your enlightened view as to why my Bleckman statements were SO WITHOUT MERIT THAT THEY HAD TO BE DELETED. Please. Enlighten us. Is this a public forum re: GTE or isn't it?
Pit, that must have been some warm welcome (your post# 17307) since you also state "rob's very lengthy e-mail" in your post #17306. BTW, Strat news of ANY kind would be greatly appreciated from Sanswire.
If Bleckman is so good about responding to all e-mail inquiries, would suggest he respond ALIKE to ALL emails of similarity----or give a reason as to WHY we should break from an established precedent of posting IR email responses to this board. This is total BS. Please don't tell me that we have become SO desperate for info from the Co that we will accept ANY method they choose to dribble it out.
Are the rest of you buying this? What is Bleckman's problem? Do you really think this is how professional IR is handled? For what kind of CO???????????????? This kind of behavior doesn't give me any answers----but it does open up one hell of alot of questions........
well, 5:53 p.m. in most of Europe now (re: bank sch)
jacques0, I agree. The relevance to me was that the Russian press/people were being told the same thing that we are being told on this side of the pond (would have been very stange and ominous had there been no Russian press on the delay, n'est ce pas)?
craigba, thank you very much. Can you tell me how you search for GTE in foreign press? If just a google will bring up, what are your search parameters so you don't have to sift so much? Love the learning--like I said, we have a great little neighborhood here. If (when) we get the news, I think we should set a time and share a joint toast simultaneously!!!! We owe it to ourselves--having been in the trenches this long..
2nd RB post of int (151474):
StockGate: New ‘Poster Twin’ Emerges In Naked Shorting; Judge Says Overstock Should ‘Win’ / FinancialWire®
March 9, 2006 (FinancialWire) Remember Global Links (OTC: GLKC), called the “poster child” of the naked short selling scandal called StockGate that stopped an SEC Chair, William Donaldson, in his tracks while testifying to a hostile Senate Banking Committee, because an investor had filed that he had purchased more shares than were in the float?
Well, while the headlines have more recently been dominated by the War Between the Worlds of James Cramer, the half-subpoened founder of TheStreet.com (NASDAQ: TSCM) and the mostly indignant CEO of Overstock.com (NASDAQ: OSTK), another poster child has emerged, and its name is Loftwerks, Inc. (OTC: LFWK), whose stock gained 105.56% on volume of 26,019,096 Wednesday, to close at $0.037 after it too announced more shares purchased than available.
Loftwerks CEO Dennis Ammerman said that between treasury shares and restricted shares, insiders had purchased enough additional shares to exceed the 500 million share float.
Ammerman said the full details will be posted on the company’s website at http://www.loftwerks.com by March 14.
The fact that 20 million shares were traded when no legitimate shares were available raises the question as to where those shares came from. Critics of the Depository Trust and Clearing Corp., which is part of an investigation by state regulators, have said the “stock borrow” program results in the “counterfeiting” of shares for hundreds of public companies.
Since the DTCC is not transparent with its data, there is no way of knowing if there are counterfeit shares in the marketplace for Loftwerks, but if more than the float is locked up somewhere, the trades Wednesday, and presumably again today, are suspicious to say the least.
Meanwhile, the judge ruling preliminarily in the civil case between Overstock.com and defendants Rocker Partners and Gradient Analytics reportedly stated that he expects Overstock.com to prevail on the underlying merits, and essentially that Gradient and Rocker have failed to show they have a defense.
For up-to-the-minute news, features and links click on http://www.financialwire.net
FinancialWire is an independent, proprietary news service of Investrend Information, a division of Investrend Communications, Inc. It is not a press release service and receives no compensation for its news or opinions. Other divisions of Investrend, however, provide shareholder empowerment platforms such as forums, independent research and webcasting. For more information or to receive the FirstAlert daily summary of news, commentary, research reports, webcasts, events and conference calls, click on http://www.investrend.com/contact.asp
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Oh--and another IHub poster gets a mention (RB# 151476):
"LOL coop...have a guiness and chill out...read Logandean's post on the Ihub board about international bank transactions...this is a DONE DEAL...just trust."
AND a response (151484):
LOL at Logandean's post on iHub!! If his "sister" is right, then GTE has had 5 weeks now to get this transfer DONE! According to her, these types of deals would not take that long! LMAO at that one. Get a grip pumpers! See you bag holders at close tomorrow!
I will be the one LMAO at all of you succcccas!
MORE INFO ON THE RUSSIAN NEWS:
Techno - go to msg. 131354 over at the Yahoo board. There is a link to two Russian news articles in that msg. I have checked it out and they are from two different Russian news sources and are two different article. I cannot copy them for translation. In at least one of them, you need to scroll down a bit to find the GTE article. One of the articles is rather long.
one heck of a lot of sifting needed over there to get any type of nugget (they do have a few more SB than here.LOL) No more RB for me.
geez..was beginning to think IHub had server prob---where is everybody? Had to get my p.m. "GTE-fix" from RB (first time---big waste; if you haven't tried it, you just don't know how good our little neighborhood is here---though nilremerlin slammed over there today re: his post#17161 here (this post highly unusual for our merlin---and someone made the most of it to trash the "supposed superiority" of our board. LOL--nothing supposed about it....
Only thing of int on RB today thus far (msg 151461)
3/6 Russian news---translated----but couldn't get link to open to verify (where have you been Moal?????????????):
"OOO Of "internafta" transferred to the later period the realization of first transha of financing the company GlobeTel for the beginning of works on the building of network WiMax in Russia
MOSCOW, on 6 March. /pra1m- TASS/. OOO Of "internafta" transferred to the later period the realization of first transha of financing the company GlobeTel for the beginning of works on the building of network WiMax in Russia. This it is discussed in the communication GlobeTel.
The completion of transaction on the assignment of first transha was planned on 2 March; however, this it was not made because of, connected "with the internal bank graph". It is assumed that this operation will be realized during the week.
As previously reported Pra1m- TASS, the American telecommunication company GlobeTel together with OOO Of "internafta" of /Moskva/ they plan to build wireless high-speed communication network on the basis of technology WiMax in 30 Russian cities.
OOO Of "internafta" is created with the group of Russian investors specially for the realization of this project.
From the sum total of 600 million dollars, which "internafta" it plans to invest into the project, first 150 million dollars there will be vyplacheny of the company GlobeTel to the end of January as the deposit. Then, when the degree of the readiness of networks in each of three groups of 10 it is municipal it will reach 50 per cent, "internafta" will carry out payment in the size of 75 million dollars.
Further, after reaching of the readiness of network in each of three groups it is municipal at the level 95 per cent, GlobeTel will be obtained by 75 million dollars for this group it is municipal.
When each of their three groups it is municipal it will reach 95 per cent of the readiness of networks, GlobeTel will obtain 6 payments on 75 million dollars each plus right for the enrollment to its calculation of the initial deposit of 150 million dollars.
Works on the development of networks it is planned to begin on 1 April, 2006.
06.03.2006 12:30
http://bit"dot"prime-tass"dot"ru/news/show"dot"asp?id=37226&topici...
Pitbull74, not sure I'm following you--please explain.
I didn't think it was possible to be a prof trader w/o the ability to maintain a clear, objective head, steady game plan... and stifle emotions. (I listen, Lowtrade). I find Pit entertaining but not necessarily professional. Maybe it's just the "GTE-effect" on Pit---the fact that at this stage of the game, we're all still reading tea leaves---leaving us all frustrated and emotional. LOL Guess we're learning first hand why Institutions prefer to pay a little more for a Co that has FIRST PROVED more of itself prior to their entry point. As far as faith...what can I say...should be reserved for a different arena...smart money already knows that. At this point for us longs, I can only HOPE that Mide is right and everyone else will soon just be chasing the pps....For you swingers, it's a much different ballgame--so I don't find Pit's ins and outs strange--only his seeming "bi-polar" execution style. LOL
No L2 here---so love Pit's tick by tick commentary on the days he gives + I'm able to watch... DK what your game is Pit, but you're definitely human.. just like the rest of us. Shame on you if it's anything other than that. On our deathbed, mere money never comforts as we look back.......
Pit's calls for close have been pretty accurate...
getgreen, Mide knows GTE, equity and option tdg FAR better than I--NO comparison. He MAY hit one out of the park on his option play you asked about---and I hope he does. However, I just wanted you to understand the BASIS for his game plan (90% certainty on Russian done deal). There's a reason the rewards are so much bigger and prettier at the option concession stand----because they're that MUCH harder to win. Same game...different fairground.
As for me, I'd love to hear Mide's analysis on how he arrived at 90%............
GLTY
DocS, your comment: "There is a small primary gap from EOD on Friday to Open on Monday ($3.26 close to $3.28 open)" confuses me. On TA, I thought pre, AH pps ignored. (?)
Fri close to Mon open was a $3.26 to $3.35 gap
http://table.finance.yahoo.com/d?a=2&b=01&c=2006&d=2&e=7&f=2006&g=d&s=gt...
uclaraj, are you sure? It's been my experience that if your order is FILLED in multiples, you are charged a comm based on aggregate (same comm TOTAL as if it had been filled in one order). However, if you INPUT as sep orders and filled thus, you are charged the usual comm PER trans
getgreen, the very FIRST ques you have to ask yourself is whether you agree w/ Mide's 90% odds in favor of Russian LOC deposit this wk or next. If you're that certain too, than his game plan may be a fit for you as well. Street obviously not as confident as Mide at this time or you would be seeing greater volume, pps. (4Q rev's may have dramatic increase, but what about margin? Previous CEO comments make Q4 anticipation not all that exciting. Strat upcoming news---who could possibly tie the company down to 3 mos segments in that--heretofore the Co has not met any Strat deadline (well, I guess the Feb float test was met---not that ANY info on it was provided).
Options at this stage of the game (IF you're not as certain as Mide) pose a double handicap: you already have the Company timing handicap and now you've added a market timing handicap. You know what I'm saying? Options are a bet in time---you may have placed the correct bet, but if your timing is off, your option invt expires worthless anyway. It's not a game plan for a novice.
Justfrank, or close above open ($3.35)?
Just looking at what american bull said Fri re: Bullish Engulfing Pattern
"The market opens with an upward gap, signaling a bullish sentiment in the first case. Your benchmark will be the opening price. If the prices stay over the benchmark, go long. Any white candlestick with an upward gap is a valid confirmation criterion.
If the prices during the session start coming below the benchmark, avoid buying. Sell if you feel a definite tendency in prices to close the day below the benchmark."
http://www.americanbulls.com/StockPage.asp?CompanyTicker=GTE&MarketTicker=AMEX&TYP=S