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Nerd.."Coasti is great at linking things that "could" be true, to pass them off as truth, well everyone has a reason for their actions."
This a weak rebuttal of Coasti's 10K based conclusions. I see nothing in them that is not apparently true. Do you?
No one has provided even one point in a point by point analysis to show where his conclusions might be interpreted in some manner other than as he lays it out. This excludes the JL part because that is a separate story line.
I have come to the conclusion that spooky black ops contracts are worthless. If it is true now, then it was true all along and if it was true, what has it meant to profits, the bottom line, and the marketplace?
Absolutely nothing, zilch, nada.
Black ops or dust mops, what's the bottom line?
Thanks Nerd. I did not know it had been displayed there. Too bad they were never able to capitalize on what was apparently a viable product.
Too busy doing the things that got them into trouble, I guess.
Nerd...I saw the glitzy website that made it look like the best thing ever, but nothing beyond that. I don't trust any Globetel websites so if that is what you are talking about, well...'nuff said.
However if you have a different source, then that is a different story. If so, when and where and how did it happen that you had the opportunity to see this? And of course, what did you come away with?
"...though the underlying StrateVoIP platform remains in use..."
Why am I visualizing a CD with Stratevoip software on it being used as a coaster under an old coffee cup?
The point is that statement could mean anything.
Strongly suggest they do not take Bleckman to that meeting.
Additionally, Kostro appears to be halfway under the bus at this time.
Also suggest that anyone or group available to show the semblence of a solid management vehicle going forward is at that meeting.
Oh boy, a big SEC meeting hot on the heels of the issuance of a crumbling 10K. Doesn't bode well.
Hey, this isn't some kind of set up for a reverse pump and dump is it? Kind of a dump and recover? Could be the play here, I don't know.
What a mess. How about Kroplin? Maybe he should be there. Get somebody. SEC wants to see a future or they may pull the plug imo.
Can you give another example of this kind of mistake? I mean something on the order of magnitude of signing off on direct ownership of 9,000,000 shares of stock? After all, that is sort of like signing the registration application for your cousin's Maseratti, isn't it? You're going to know you don't own that vehicle and that the registration will be wrongly in your name, even if you are business partners with the guy. Plus he isn't going to be too happy about it when he finds out, assuming he hasn't actually asked you to do it for some reason.
I don't think I know a single individual, smart or not so smart, who would make that kind of mistake.
What you suggest is plausible, as with the filling out of any form by anybody, mistakes could have been made. Do you suppose that if you are correct then we should expect to see some amendments filed for the purpose of correcting these mistatements?
Our man Huff is gaining ground in MO:
Network 1 Adds Eight St. Louis Cities to Its Municipal Wi-Fi Network
http://www.stltoday.com/pr/business/PR07090805321370
This bit from the Net 1 website is annoyingly familiar:
"O'Fallon Wireless is changing the landscape of how people communicate, interact and transact."
https://www.ofallonwireless.com/Payment/?Portal=Ofallon
Also check the #1 FAQ "When does my 30 day free period start?" (lol) followed by an obfuscated answer that implies that they may not actually get a full thirty free days, imo.
Same cheesy web site style. Apparently signing up customers though, giving Globetel sour grapes to eat. Really rots your socks, don't it?
Seems not everyone is thrilled:
Network 1’s O’Fallon Wireless Impedes Where Others Exist
http://www.netnetblog.com/network-1s-ofallon-wireless-impedes-where-others-exist
Mide, where do you come up with this stuff?
What if that is true? Could someone, say on the inside like Leinwand for example, have bought out the company? Could this 10K filing fulfill 8K requirements by virtue of what is shown in it?
Is Kostro history?
Mide.. if he sold to a private entity, wouldn't the concept of selling in order to pay for tennis lessons (and the associated schedule for when the lessons start) be inconsistent with selling to a private entity since the development of the existence of that private entity would be random in relation to the development of the need for tennis lessons?
Anything is possible, but it doesn't seem very likely from an actuarial perspective.
It could be more than mere failed memory, it could be a lack of understanding of something. Can you help me to answer the following question?
If something like IP or intangible property, as the case may be, is purchased and expensed, does it not become an asset in the future that can be listed as such in a 10K? This was what I was assuming, but that could be wrong.
I honestly don't know, so I would appreciate learning of this.
They do mean business and as such are willing to negotiate terms wherein they will recieve payment as opposed to putting the people in jail who would otherwise make those payments.
Of course where those payments are going to come from is not clear, or documented. So it could still be a very serious problem. Kind of in the dark here, wondering if optimism is appropriate, or if it would just be blind balderdash. Hard to say really.
At least the financials are out. They do have a something of an unpleasant odor though.
I generally agree with your sentiments and am also glad this has come to pass as opposed to the alternative of passing away.
The motivation may have much to do with the possibility of avoiding the lawsuits of angry shareholders (stakeholders?) should the doors close, but we needn't discuss that further, since it is not the case.
We're still sucking air. Now if it can be shown that we don't just suck.
No listing of Hotzone as an asset that I saw. Anyone?
It's not, in your opinion. It is, in my opinion.
It is one thing when a company says they are taking a product to market, people invest, and the product fails in the marketplace. That is my idea of downside risk.
You seem to imply that it was simply a matter of market timing. If that were all this is about you would be right. However, we are talking about fraud here. Lies and deceit do not add up to the kind of downside risk that this company advertised to the speculatively investing public, nor is what they signed up for.
I mean did they say, invest in Centerline, we forge receipts to show false revenues? No. So if the same kind of thing is continuing at this time are they going to advertise it? No, not imo.
I do not trust people who speak of Globetel as though it were simply a speculative investment and prefer not make reference to its history of fraud and deception, as documented by the SEC in detail. That kind of an attitude is suspect in and of itself, imo.
So it is not Globetel's fault that it is a lousy investment and is a compay with a history of crooks, failure and fraud; it is the fault of the investors who invested in a lousy company and are now PO'd, but people should go ahead and invest in it anyway because um, why is it that people should invest in it, anyway?
When his generals weren't performing, Abe Lincoln fired them, and I'm sure the rest of those on your list did the same with respect to their businesses.
I just believe that going forward mine is the only responsible position to take with respect to this company unless and until they prove, and I mean prove, otherwise.
Until then, they're fired to me.
My mother has lost money on this at my behest, so I'm not real fond of Globetel, nor is she. Despite that my conscience says to warn others of the obvious pitfalls rather than encourage the naive in a selfish effort to cover our losses.
Therefore I tend to distrust the others who appear to be doing exactly that for themselves. I don't accuse you of it, but I'm sure there are those who are doing exactly that.
Strange, the only thing I can see that they have ever been consistent on is failing to achieve their goals, and the goals change every six months or so...with this latest go round just more of the same as far as I can see.
Granted I'm blind to see inside, but I'm not optimistic. There's is absolutely no reason to be optimistic.
"Personally, I think the whole issue is moot. Whether you call it mid-altitude or high-altitude, I've not seen any evidence of it reaching any higher than 100 feet."
Totally agree.
All evidence is that nothing more has happened.
....and that there is no basis for optimism.
...and it only took about $32,000 or so to do it, based on volume.
I'd say my interpretation stands. High altitude is a relative term that could have meant "high" for a demonstrator, which for a working stratellite is mid-level. Yes, it is likely that Bleckman didn't have a clue what he was talking about and all of this is a useless analysis of wiggle words.
I have not addressed what I think actually flew, which is that nothing of significance has flown.
No, the s2 has not performed as it was designed or intended, under either of the purpose sets being discussed, imo.
To me this is all a matter of interpreting stated intentions (otherwise known as BS) and that indeed, nothing has happened beyond the relatively old tech RC devices and that back-of-a-pick-up truck action that we know too well.
Happy to be proven wrong though.
One last comment, I have seen you use the word "coincident" (an adjective, as with "two coincident events") several times when the context indicates the use the noun, "coincidence'; as in "it was a coincidence". fyi
what the heck, I'll jump in. I think you are both correct. The demonstrator was mid altitude. What has changed I think is that it is no longer a demonstrator. The stratellite has morphed into the wormy thing and all the hardware just got shuffled like a deck of cards with no formal explanation of changed purposes.
Sort of like it's been revised for a new set of eyes and to heck with the old eyes because they will either love it as they love all things Globetel or make criticisms that can't be logically addressed, as conscientious business people would logically address them.
Thanks Destan.
Oh yeah, that's right...lol. The usual approach to deadlines. I thought someone had stated that there was something about the last half of July, but it could have been a figment.
Oh well..what's the dif anyway? Obviously they've choked on them.
Usually that kind of thing doesn't end well when it comes to Globetel. 'wish someone would get off the pot.
Is there a date certain by which financials are supposed to be filed?
I don't profess to know anything about him and certainly have not met him. Neither has anyone else here, as far as they have mentioned on this board.
Many have opinions about him and why he would do what he is doing. I have mentioned some possibilities. That is what they are, mere possibilities to throw out there with all the rest that are there in the universe of possiblities.
Perhaps he would like to come here himself and clarify for us exactly what he sees in Globetel and where he thinks he's going.
Actually I believe he would do it for next to nothing anyway. He needs to look-a-busy at the University. Sure he's brilliant, but imo he would do this just for the free PR it gets him and the University. Later on he can say, hey, I'm an engineer, not a businessman; those guys at Globetel couldn't manage a one car funeral so it never panned out. IMO
Let's see some business happen here, otherwise it is just TBBOUOBFU. (the blind balderdash of unbridled optimism bubbling forth unencumbered)
Yeah that's right, he may have shares he wants to dump on the pump as well. That German exchange has been busy.
Doesn't appear to be anything new with the latest video except that they have resolved the multi-path problem that was evident with the previous video feed. Nice and crispy clean now. Looks like a better antenna system on the ground.
No banner on the side this time. Guess it didn't come in from the printers on time.
More eyewash, nothing substantial.
Why would Kroplin sign on? Why not?
It's a silly question, but not because you asked it, rather because it needs to be asked. I can't find it either.
Nerd..in simple language; if you flip a (legitimately minted) coin 99 times and it comes up heads every time, the odds of it coming up tails on the 100th flip are still 50 / 50. The past history has no bearing on the odds going forward.
Don't try to tell that to a lot of the gamblers in the world, but the truth is they lose more money than the gamblers who understand this.
Mide..it is quiet. Anyone could have seen a pop coming and traders are now tracking the anticipated apogee. Bashers will level a new attack once they're back out and ready to set up the next cycle.
That's the current battle, I wonder how goes the war on financial and contractual fronts. Those are the places where we always lose, so far.
At least we appear to have some air capabilities.
I'm glad that GTEM is still swinging and that the share price is showing signs of life. I just want it to be real stuff and not stale fluff, which ends up being nothing other than a trader's play.
That has been the case every step if the way with this company so far. May the leopard please change its spots.
glty
Leaving out the word potential does not mean that they therefore must have some. Obviously it doesn't mean that they don't have any, but the assumption that they do because of the omission of that word is just that, an assumption.
...and on overly optimistic one at that.
...yes and then his 'I don't know' words once posted here are promptly translated to "So, they were demonstrating "at least" three airships!"
Let the blind balderdash of unbridled optimism bubble forth unencumbered.
So they "wanted" to demonstrate 3 airships, but he doesn't know for sure and thinks that if they did what they wanted to do then two at once was "conceivable"?
Wiggle words.
Not Globetel, eh?
A new step to to dance to. You're begining to remind me of Fred Astaire.
Slick.