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I am very surprised that he does not know or acknowledge the concept and implications of stock price influence.
IMO, Motly fool, in all its wisdom, was one of the companies professional bashers. I am surprised that globetel did not take action against them, yet anyway. IMO
with all your knowledge you should be able to figure it out one way or the other, I think.
good point, this investigation, like all others is to protect investors, I feel this one is a good/bad type, good for them to be watching the company, bad that dragging their feet has hampered or even degraded the stock. hey, can we sue the SEC, just kidding.
I wish there was a governing body that oversaw the SEC. Mr Spitzer, although NY attorney general, is one of the only bright lights in todays corrupt economy. I would vote for him for any office. I have no idea if the SEC itself is above the corruption going on out there. Globetel is a scapegoat and you all know it, after Enron, Tyco or other scandals, BIG business is better than ever at hiding their actions. Only God knows what is really going on out there, we sit and wait while the SEC crushes, or at least ponders over a tiny tiny company like ours. SEC to me is nothing when issues naked shorting are unsolvable, or at least tolerable to the many in power.
I am really surprised as well, this is a tiny company, not exactly hundreds of manager level actions and investigations. I think, the SEC found little, and is dragging their feet because some of them know the boys at AMEX are tight with SEC. maybe they are members of the same country club and share the same Jet.
I think the only one who had any character out of all of them is now the Governor of NY when it came to ethical behavior, sorry, money does terrible things to a person and his integrity. Grasso, I have little respect for him or his kind, sorry, I see, read, hear too much of wall street to think they want whats best for the investor.
they will, seems as though it will happen, when? who knows.
I would like the strat to get up to altitude ASAP but from what I have been reading here, it will be a while, maybe a couple months or so.
This is more interesting than I thought. It means there is a good, and most likely solid relationship there. This is very good.
very good start to new year.
http://www.alexa.com/data/details/traffic_details?url=activeshopper.com
I hope developments continue at a rapid pace.
well...it has more meaning than that, I'm sure you are kidding, but we do not know impact yet, thats for sure.
he asked for the reason, and I gave it to him. its a simple formula here, not hard to figure out. confidence will slowely return here, news here news there, growing revenue and a HUGE potential market. the share price will rise for a long time to come if it goes the way I think. pretty simple.
GTEM News:
Video Footage from Aboard Sanswire Stratellite Available on GlobeTel and Sanswire Websites
GlobeTel Communications Corp. (OTC: GTEM) announced that a sampling of camera shots taken in conjunction with providing an overview of the video surveillance package capabilities of its Sanswire 2A Technology Demonstrator Stratellite(TM) is available as streaming video on the www.globetel.net and www.sanswire.com websites.
The ability to utilize the Stratellite(TM) as a surveillance tool for military and Homeland Security applications, as well as other governmental needs, augments the versatile Sanswire Stratellite(TM) airship's overall attractiveness as a communications platform, according to Lt. Colonel (Ret.) Doug Murch, Sanswire President. "We wanted the GlobeTel shareholders to have the opportunity to see and experience some of what members of the military and defense industry experienced live during the successful Stratellite(TM) float test. Feedback to our prospective surveillance package by our invited guests was positive, and will be important to our efforts as our airship development advances."
maybe that is already happened, first of year is always the elusive Q that can show what companies may end up with a strong year. maybe you should not question it and just enjoy it.
thankyou, I sometimes assume posters know these things. now that I have had some rest. I look at it a little different, but the facts remain, this company is now approaching its limit of 500M shares issued. that is not good for anyone accept the one who owns them, and, it provides a view of the financials, good to get rid of the debt, bad that it cannot be taken care of by cash from revenue. another reminder, I remember when there were ~100 million shares, and there was to be a buyback for shareholder value. I bought many shares with that concept in mind.
one more comment folks, I dont think I will be using activeshopper anymore. just cant do it. I love the website and have grown used to it, but today, in my opinion, he sold me down the river.
I remember when it was at .007, or in that range, and he said he was going to do a share buy back, up to 50%. that was when there were less than 100M shares, now we are going on 500M. Looks like this could potentially get back down there, he may even but shares back with his profits. But all said and done, he did not keep his promise to increase value of share holder.
everything he did would look good if he finds someone to buy the company for $1 a share, ok, thats not funny.
nevermind about the run.
today is an eye opener.
unfortunately, he now can sell shares until this goes to .007 and he will make a profit, there is no motivation to take care of share holders, no need to worry either way. it was a hedge play. he makes money on the products, and he makes money selling shares. it truly is a dark day for longs who had faith in the company leadership.
I have a bad feeling about this one, I have seen too many stocks spiral down after such actions. Even with new web sites opening up, it could not make much impact when OS enter the float a little at a time, as revenue increases, stock will be sold in my opinion. just a scenario that has occured many times in penny stocks.
I believe this is just an exchange from one MM to another. depending on who wants the shares, usually you will see an order pieced together depending on who is buying and who is selling, share amounts at bid or ask going to/from seller/buyer.
yes, I did not but until after it fell, I have bought several times on different days way after the collapse of the stock price started.
"We are lucky that the deal fell through."
I said that several times, I did not buy until it was out of the way. not that I dont trust Russians, I believe there is no accountability over there, too much corruption. its like this country in the 20s-30s
at this point, there is no proof of wrong doing on the part of the company, if they sold shares before the fact, its their problem. I think the court will say the same thing, no one forced anyone to sell, nor did that deal have any impact on current business at that time. what do you tell the judge, if that deal went through I would have made a fortune. A stock is only valued at the going price of the printed paper its on, everything else is supply vs demand unless there is proof that the price of stock was manipulated by the company.
having that many shares is certainly a good reason to hope everything will work out great. lets see what the new year brings us.
I guess my question is, 15.99 - 14,326,500 is now 1.66 million more shares out there, are they added to the float, or are they restricted, are there now 2.66M shares in the float or somewhat more than that but less than 15.99M. does anyone know, they do not seem to file anything.
what about this "With 15.99 million shares outstanding", are 14 million held inside. also, why the end of year jump, do you know. thanks
low, are they doing what is written in your message, which is from company news a while back. do you know if it is completed or not(the sulfer extraction facility), and are they drilling new wells. thanks
I guess I missed that part also. I did not get that memo that revenue would be poor, please advise if anyone know's different. thanks
I wonder the next run will start, depending on revenue numbers, the company may be, or soon may be, up to 10x larger than last year.
agree, sarcasm runs rampant on this board. day after CHRISTmas is very good news followed by uncalled for remark. whoa and what next, even better question, who will miss out.
FYI, I also stated yesterday that this may bounce back up to half of its loss. its all too short term and frantic to validate any permanant moves
really does not matter, one says .46 as breakout point, I say in that range to .50, will it get there, hard to say on the 22 or dec.
it was fairly obvious, I stated it on the other board and he erased it, base may be forming, if no news it will waffle from here for a while.
miguel, i believe that any buying was in response to a very possible retrace up after dumping 20%, why not if you have money to spare and want a few % return tomorrow on a bounce.
I may buy more, I'll wait until .25
yes who, who would not fill you at .43 so not to make you buy up there when today you could get it at .37
migell, glad you straightened me out on that one, I thought I was down several thousand this week phew!
so what are you saying, its really not down 20%, at least that the 2 days before, its all fake!
smart move
what I have seen in other companies, the PRs have more affect on price at given points in timeline of company. and that PRs, as time goes by, begin to only have temporary effect, then little effect, then none. it all depends on the company, how it PRs and what is substance of PRs.
if you say so, no proof either way. lets see what reasons are given after the first of the year.
how about this then. it is obvious that the company, through its actions, does not control the stock anymore. any comments.