What will the current financials look like??? Well let's take a look @ SCION'S Crystal BALL:

I see tremendous writeoffs coming via VOZBrazil & Anywhere Caller...this is good of course because it allows ample writeoff against all those repatriated pesos being shipped from Pachuca.

And what the heck...let's not pay off the default judgments...let's write them off as an expense. Better yet...can we depreciate a default judgment....SCION'S crystal BALL says.."It's decidely so"

Regarding TAO Technologies what's to discuss?

Someone, anyone please explain to me how GTEM.PK is going to finance the purchase of a 50% interest in a company knowing that there are outstanding judgments in place against GTEM.PK.

Again, new management is just as wreckless as old management...even though we all know the new boss is really the old boss.

The sleaze factor continues to grow.

Nilremerlin - My expectations of a company:

To accurately reflect current & past performance and the significant events affecting those results. To provide conservative guidance as to future events and a general strategy as to how these results will be achieved.

In the case of GTEM.PK - a company with absolutely, positively zero Street credibility I expect more. Moreover, my "wish list" is unrealistic in one area - "a current financial statement"....clearly they can not provide this until past financials are complete.

I suggest you perform some historical DD concerning companies in the IPP industry (post Enron / California Energy Crisis) - you'll find companies like RRI & WMB communicated to their various stakeholders on a frequent basis regarding their efforts to survive and ultimately grow their respective concerns.

Nil - you got what you paid for...you bought a penny stock chock full of plans to change the telecommunications / financial services playing fields....that lacked the talent and capital to pull it off...then only to succumb to the temptation of believing their own hype with little regard as to the consequences.

Look at it another way(now) and when I post this Just Frank will surely delete:

Please name one company that Kostro and Leinwand have previosuly been involved with where the stakeholders are better off today then before they walked in the door. Just one!!!

BOL

I'll give her a go Mide Man:

To alter my opinion of GTEM.PK would require the following (in no particular order)

#1) That all revenue projections / absorption predictions on the No Mas Cables website have in fact been met. And that an independent auditor has conducted an audit to validate all projections.

#2) A copy of the T E A M I N G Agreement between GTEM.PK & Elrisa - showing scope, timelines, etc.

#3) A current financial statement.

#4) A detailed plan showing how all outstanding debts / default judgments will be remedied and when.

#5) A complete disclosure of all GTEM.PK insider transactions over the last 36 months.

#6) The ability to seek deposition from all past Board members.

#7 The immediate expansion of the BOD - with out the input of the current BOD.

#8 Complete access to all company emails for the last 36 months.

That would be a good start Mide Man.

Cole...let's put aside the potential insurance fraud and the SEC investigation and examine GTEM.PK's current default judgments - City of Los Angeles and Wells Fargo...it's a logical assumption that both entities will win a court order to have GTEM.PK confess what if any assets they have. How any knowledgeable investor can "make the jump" past this one is beyond me. But then we gotta consider the vaunted T E A M I N G Agreement.

One small problem....Trimax is already marketing the 5000 series which kinda leaves this dinosaur in the dust.

Come to think of it...GTEM.PK doesn't hold a patent to any of this stuff. And that's a problem for any paradigm shifting "top-shelf" South Floridian company.

Well Mide, as usual...your comments regarding Joe's site are wrong. He's up and running. And GTEM.PK is still the same de-listed, under SEC Investigation, overly promotional- Two Board Member NANO Cap South Florida Company that it was yesterday.

Next time you "do lunch" with the imperious and self-exalted Barrister, you know the one who attended the Harvard of South Beach - ask him how he plans on repaying Wells Fargo, GTEM.PK's former landlord and of course the City of Los Angeles.

Other update: No word from UCLA on Dr. Alice Muntz's ongoing consulting agreement with GTEM.PK. Perhaps you can call your pal Shimmi and share with all.

"where will the bashers of this company now get their information?"

Are you referring to the SEC investigation or the weekly default judgments?


TIA

Nobody is expecting a windfall Mide. I agree with your distribution overview....but that's not really the point. The point is Globetel's insurance company found their client's claims of being an innocent victim of Russian graft - indefensible.


All shareholders should fill out the necessary claims documentation...it will be the only distribution you will ever receive from Mide's beloved South Florida Nano Cap Company.

SAM, have you stopped to consider a recurring problem for GTEM.PK:

When you're as far ahead of the curve as this So. Florida "wave of the future" company is - with cutting edge products like "long distance calling cards"...there's a waiting period for mankind to "catch up"....well...mankind has spoken....mankind isn't ready.

Cole, the wine is ready:

"The decision to continue the development and testing of the 2A in Stuttgart was attributed to the vast resources and knowledge of the TAO organization."

If TAO's resources are sooooooo vast...why are they giving up 50% of their company to a de-listed, nano cap So. Florida penny stock company under formal investigation by the SEC with numerous default judgements already in place???

I'd say their "vast resources" aren't quite so vast.

Like a fine wine - overly promotional


JMHO

"I ask questions, hunt for answers, ask for meetings with principles in stocks I am invested in."

Mide, I certinly hope all your deep, deep DD yields better results than this .115 nano cap.

But for a truth seeker like yourself....I have one question:

Please share with me what successful companies Leinwand & Shimmi have been involved with - ones that the common shareholders are better off today than when the Dynamic Duo walked in the door???

Can't find a legitimate going concern that either one has been involved with....

and yes Mide...it's relevant and to think not is to make a mockery of your Deep, Deep DD.

TIA

"They are well ahead of the curve" Mide - I'm conflicted...please clarify:

Peter Khoury said, "Trimax violated its agreement with us and we're moving forward with other manufacturing resources, both contracted and in-house, to build our HotZone(TM) wireless equipment and honor our commitments".

Where exactly is the "in-house" manufacturing facility? Or, which outside vendor is manufacturing the Hotzone equipment?

Additionally, the equipment you refer to is outdated. Please substantiate your "ahead of the curve" affirmation. Trimax is already marketing the 6000 series sans GTEM.PK. But I digress...I suggest you perform a bit more DD before making such bombastic claims of a paradigm shift.

Mide, you'll be the second to know. On another unrelated topic, when you broke bread with the distinguished barrister Leinwand did he give any indication how & when GTEM.PK would commence payment to the City of Los Angeles???


TIA

Mide, my last post of the night...remember I'm the neighborhood threat JustFrank warned you about....

Took you up your DD challenge - my way. I question the veracity of any statements coming from this So. Florida Company....

Contacted the Institute for Cell Mimetic Space Exploration, University of California at Los Angeles...awaiting an email response regarding Dr. Alice Muntz continued consulting agreement with GTEM.PK as pumped by your pal Shimmi.

Will share with all if I receive a reply.

I'll make sure to include that in the book I'm writing on Penny Stock Scam companies.

BOL

SAM, the financial restatements are indeed curious. Let's face it, the revenues are microscopic....the Centerline agent to gross recalcs mickey mouse and let us not forget asset valuation / goodwill...the easiest of all...why? how many ways can you re-state zero???

Guess Dohan is one of those non-paradigm shifting old school companies that wants some doe rae mi before they post the death spiral

Mide - taken from your bird's eye view of things; we know that every significant foreign language is spoken @ GTEM.PK, we know that NOMas is getting ready to churn cash - same for the strat, we know that WHQ is heavily populated with workabees.....one question:

Is the much esteemed - Dr. Alice Muntz still consulting as per Shimmi's PR "Although Dr. Muntz's own business needs ultimately did not permit the time commitment necessary to serve on the Board, we will continue to benefit from her insight, knowledge and clear thinking as we move deeper into our business plan. I am grateful for her invaluable input to GlobeTel thus far, and I look forward to her continuing to play a part in our future."

Please advise.

TIA

Nerd, apparently you read only half of my post...I said hypothetically....and because GTEM.PK did not post an 8-K we know no significant event occured.

Because if their JV interest has been reduced and the company did not make the requisite 8-K filing in the alloted time period than that would mean they were perpetuating fraud. Moreover, since we know that GTEM.PK is always forthright in all matters regarding corporate goverance it's just not possible. They don't want to be labeled just another South Florida Scam Company who slammed dunked investors who presented themselves as hoops.

Nerd, sorry we can't engage in a more vigourous debate...but I've been labeled a "threat" to the always impartial board moderator and limited to three posts per day. This sadly is my last of the day.

Best of Luck

"8-k's are for material events"...hypothetically speaking of course Just Frank....if GTEM.PK missed a NO MAS cash call or had their JV interest reduced...this would be a MATERIAL EVENT.

Hypothetically speaking....since of course the company released PRs and created a website describing the vast riches that would be secured providing a successful implementation & management of said concern.

Nerd, it should be reassuring to all that the SEC can de-list the stock (rendering it worthless) but they can't stop the T E A M I N G Agreement...far too much inertia.

BOL

"The omission of NMC and Elisra"...Cole...forget those waves of the future...where does this leave Voz Brazil, Anywhere Caller and Magic Money residuals....


TIA

Cole...this could turn into an international thriller....don't stop @ fraud....how about racketeering? How about a systematic scheme to defraud investors out of their money? And I'm wondering if money was laundered in the process. This only gets better, however, for the common....it's over...except for the crying.

You're going to be completely wiped out - period. And I now see because I predicted this total meltdown way, way, way back (along with others)....I'm now restricted to three posts a day.

GTEM.PK owners were slammed dunked...that's what happens when you present yourself as a hoop.

"SEC is as crooked as anyone...they have never done a thing for shareholders"

Perhaps after reading your "spot on" analysis of all things GTEM.PK they acted.

"I still contend that there are far too many people trying to destroy this company"


but none no better than current & past management.

Make no mistake...the folks @ this South Florida SCAM Company are in serious trouble. And it's a shame it took this long to put an end to this fraud of a company.

"The Company is determining if it will provide a written submission to the SEC in response to the Wells Notice."

Even Leinwand is contemplating, "Why Bother"?????????????????????????????????????

Trade....wait till the 2 person BOD hears about this. Somebody's going to have to answer them.

Perhaps you could share with us what companies / stakeholders call GTEM.PK "friends"????

Does anyone know which Paradigm Shifting Employee is heading up the working team with Elisra????

TIA

Nerd, are you suggesting that Leinwand lacks the ebullience of a Huff....or the imperious & self exalted stature of a Khoury????

Now this is truly a paradigm shift!!!!

"Anyone who knows anything about the character of Doug Murch"

Sharky...the Lord works in mysterious ways...especially when it comes to Penny Stocks!!!

BOL

">>Gotham "Magic Money" residuals????"

Trade...I hope that you're not inferring that mgt. would develop a paradigm shift at shareholder expense only to "off the division" to former insiders, etc., etc.....perhaps some South Florida Scam Companies would join this crass trend...but not GTEM.PK.

Their reputation alone could be compromised and that's not a risk the current 2 person BOD would entertain!!


Shame on you for suggesting so!!!

Also Mide...since according to you they have secured all proprietary assets of note...their interest in No Mas would be marketable to the highest bidder. Would Caterham (the Global Investment Banking House) seek a buyer...perhaps in the private equity world????


TIA

"I HOPE..GTEM walks away as quickly as possible from this Mexican JV..ASAP"

Mide, since mgt. hasn't told us anything financially or strategically since god only knows when....are we to assume that the only revenues would come via VOZBrazil, Anywhere Caller and Gotham "Magic Money" residuals???? Because they haven't told us that these three "waves of the future" aren't producing.

TIA

Nerd, we can agree that the AMEX is a 3rd rate exchange...no argument there...the SEC isn't done with our little pup. Not by a long shot.

BOL

"I feel that what the Amex did to this company was a travesty"

AMEX did not benefit from de-listing Globetel. They did it protect to protect their reputation from an overly promotional - no results, non-compliant corporation trading in the public domain.

Mgt. is 100% responsible for their current predicament.

It is - no other way.

Also Mide...has Bleckman given any indication as to when some independent directors will be recruited???

TIA

Excellent point Mide. Amazing isn't it.....that stocks can't appreciate on PRs alone.

Tell us more...what are you advocating?

TIA