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from the other board: "Weiss, we are all not idiots here. That filing is hideous."
I am no longer a big fan of this company but...the person/persons that bash over there WOULD have to be an idiot to think the filing was bad, I say its OK, nothing special or something I would wait a couple years for, which I did.
keep the faith, hope it works out for you. when a company gets the infamous "E" and waits till the last minute to file before going pink, and the numbers are just OK, I don't see longs for a long time.
I like your optimism, unfortunately I do not think the same anymore, and the crowd that put this stock in the teens does not either. very slow progress mainly due to poor advertising and slow development of products, coupled with big promises that have not come true, most of the longs are gone. it may come back someday, but will not be sustained without long money through confidence in management.
We have been engaged in the on-line shopping business since March 2004. Prior to that time, we were engaged in the field of designing and developing business applications software.
We generate revenues primarily according to pay-per-click models resulting from the directing of traffic to merchants' websites. We generate revenues also according to pay-per-sale model when a sale derives from the directing of traffic to a merchant website, and from consulting and management of advertising campaigns through ActiveShopper.
Revenues shall increase as more software installations of ActiveShopper take place. Although ActiveShopper is a free-download software, promoting it is essential, when there is no assurance that users may keep their ActiveShopper download on the long run.
In addition, since revenues are subjected to seasonal fluctuations revenue levels may not be sustained and therefore growth is not assured.
We are considered a development stage company and have a limited operating history upon which an evaluation of our prospects can be made. As of March 31, 2006, we had an accumulated deficit of $4,221,792. Our prospects must therefore be evaluated in light of the problems, expenses, delays and complications associated with a development stage company.
you have just read why they will remain very small company, yet growth may continue. been around for a couple of years, fairly moderate debt, promotion is essential yet remains abstract concept to management, they are admitting that download numbers are not indicator of sustained revenue, thry do not have anything new that will generate additional revenue in near future.
I doubt it, I think for investors it will be hope and wait for many many months or even years. forget to mention, outstanding shares are way too many and counting. big risk here, if he raises the ceiling, say 1B shares, this stock will dump, sad but true.
one more post. the current business model is very limited in revenue generation. even though it will produce fruitfull revenue growth Q over Q, it is not going to be the cash producing machine I once thought it would, facts about metrics and revenue point to limited growth as proved throughout and beyond best shopping period for year. this company wont fail, its just limited in current model. they are slow to respond to market, slow to grow in new and existing markets. sorry folks, to the moon is a poor statement here.
10Q out, OK revenue. what is not good is the PLAN has not happened yet, too many promised yet unfinished plans out there. is it coming soon, I dont know. But it is to the point it does not matter any more, at least to me.
looks like confidence in this stock, and therefore company, has lapsed. what will make up for plans, more plans, then wait and more wait for filing, then good revenue numbers and stock goes down. when good numbers come in, and stock goes down, it usually means investors dont trust or dont want to deal with management. oh well, thought there was very good things happening here, maybe someday eh.
loeb and leob are still working it out with him, FWIW:
a) The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense; |X| (b) The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, 11-K, Form N-SAR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report of transition report on Form 10-Q, or portion thereof will be filed on or before the fifth calendar day following the prescribed due date; and
(c) The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
one more day of pain, waiting and watching.
stormy, agreed. but I also think this stock is a bashers dream, too many hicups, to much room for them to roam, not enough beef coming from Eliron. down again today? no good news makes chances pretty good.
you are correct, it may also be the Texans that send this stock to prices we never dreamed of. each day passes, it will come closer to reality, each day will bring new money, on and on we go. great to see this happening, glad I invested here.
we got problems and I dont like the way this is going, late filing, no feedback from company, IR does not know what is really going on, stock is dumping. very bad times and no reassurance. I say Eliron gets no sleep until he gets this company to a point where the stock hits $1, nothing less.
not happy at all, I'm sure Eliron is not either. difference between him and me, he knows whats really happening, I dont.
here we go, no going back I guess. filed but not complete yet.
from other board,
"Spoke to Steve Weiss, SHRN Ivestor Relations.
Still no report for at least a couple more days ... "legal issues" still being resolved
Steve thought that the drop dead deadline is May 22nd, but will be double checking that
No more details were given, other than to say the the 1st quarter report will obviously not be out until the 2005 report is out. "
not really acceptable because it is not common, this is not what I call a comfortable period for this stock.
If it is not in today, I doubt it is even what Eliron expected.
lets hope some good news is coming soon, looking at a couple other stocks that I would like to buy but do not have free money. any news would be fine, I really just need something to use as a compass.
"While doubt is warranted, success is possible. EarthLink, an Internet service provider from Atlanta that has been contracted to build a wireless network to encompass the city's 135 square miles, is an established business. Public-private partnerships, hardly the norm in the Philadelphia region, have established track records of accomplishment in other parts of the country.
That was my attitude as I sat down with a wireless-enabled laptop in Love Park Wednesday. The so-called wireless hotspot has been in place for coming up on two years now. It purports to offer free Internet access of the kind that EarthLink, by contract, will offer in large public areas of the city.
"
it is coming to a GTE provided neighborhood near you.
they are going to run on all cylinders soon and this constant growth and revenue increase will pave the way.
you your reading pleasure. take notice in the coming months.
"What about battery safety? I've heard lithium-ion batteries can be dangerous if they overheat.
Please see the related Hybridcars.com article Are Hybrid Batteries Toxic?
Nickel-metal hydride batteries, proven for many years in hybrids to be safe, could go into PHEVs today -- they would be designed more like the ones Toyota put in its 2002 RAV4 EV compact all-electric SUV than like current hybrid batteries. (Engineers' note: hybrids need "power batteries," PHEVs need "energy batteries.")
The performance, longevity and safety of lithium-ion batteries are improving rapidly. The EPRI says lithium-ion batteries are ready now. DaimlerChrysler is using them in some of its prototype PHEV Sprinter commercial vans. And the Valence Technology li-ion batteries in the EDrive Systems Prius conversions include a phosphate additive that makes it nearly impossible for them to burn or explode.
PHEV Conversions to top
What cars can be converted to PHEVs?
At the moment, only 2004-2006 Priuses, and to a limited extent, the Ford Escape/Mercury Mariner Hybrids. See our How to Get a PHEV page for more information. Older "Classic" Priuses lack the low-speed electric-only mode and the battery storage space that makes this possible. Honda Insight, Civic and Accord use an entirely different design: the electric motor never runs without the gasoline engine running at the same time. The 2006 Civic Hybrid, though it can theoretically drive solely on electric power, has too small an electric motor to effectively power the car by itself. [See Car and Driver's review]
Other hybrids, including the Toyota Highlander and Lexus 400h, are possible future candidates. We are not exploring PHEV versions of gasoline-only (non-hybrid) cars.
What's the relationship between CalCars and EDrive Systems?
We're non-profit; they're a private company. EDrive Systems LLC is a partnership of two companies, EnergyCS (who helped us with the technology for our PRIUS+ Conversion), and Clean-Tech. We work to gain attention for their pioneering efforts to "commercialize" (bring to market) PHEVs. (See our posting on EDrive and CalCars. They're focused on delivering retrofits of Prius and,perhaps in the future, other vehicles. In addition to our advocacy work and efforts to incentivize automakers, CalCars continue to pursue technical development and to explore using different batteries and other components, both on the Prius and perhaps soon, the Ford Escape or other hybrids."
the lawyers are smarter than I, and I can figure out there is gain here no matter what the outcome. they will get fees from those people who saw this longshot dissipate even thought it is not core focus of company. company never gave anyone the impression it was a done deal, it has always been in negotiation stage, its always been before the point of money transaction in affect.
I would guess many of the lawyers will be picking up shares soon, that's a way to hedge your position/interests.
thankyou for the re-state of what I have said earlier. Globetel is now over a bad thing gone bye.
your not calling them blood sucking lawyers are you.
If you think about the Russian deal, from a distance, like I did, I saw a company trying to over extend themselves. I think this was a good thing, thats why I got in, it looked like it was going south. Now they can get back to reality, and focus on what they are doing currently and in the near future with strats. they were putting the cart before the horse with internafta and would have taken all thier resources to boot.
I see GTE growing steadily leaps and bounds for several years to come without possible Russian Mafia money. too many other legit ops for them to grow with. see you all at $30 to $50 a share.
the other boards basher is asking how Corso wanting to sell is good. this is the epitomy of what they stand for, reverse logic with no substance. Corso is buying, why would he sell, Corso is buying at lower levels, why would he sell shares at .05 when he bought at .08, no mystery why he is not. also, that basher does not know how to understand what she reads.
"Furthermore, I hereby irrevocably agree not to rescind the Agreement, or otherwise demand repayment of the purchase price for the Shares issued in connection with the Agreement due to Shelron's failure to register the Shares as was contemplated in the Agreement."
this only means he is as dedicated to the company as in the beginning, by no means does he want to demand anything but Eliron to get his behind in gear. he is waiting for the rollout to complete.
Corso is buying more and more all the time. I dont know when the rest of the roll out will be for remainder of plans, but as time goes on, many more shopping sites are taking or sharing the market which makes top end growth less and less. Neom product, Europe expansion, activeshopper marketing, is still not that far if silence for so long has prevailed, not much to figure out there.
you will see both soon. everything should be fine, but with all this silence and delay in filing, Im not sure its a great as I first thought this year would be.
No, I think the issue might be over revenue recognition and its validity, waiting for revenue that may not show up?, maybe nothing at all, eh
from another board in reference to shelron shopping metrics.
"That's nice, coca, but it has little to do with Shelron. Just one link in a much bigger domain."
what a dummy, or pure basher.
they are SHRNE for a while. FYI, I am starting to be concerned why they have not filed yet.
I think most of here realize what money can do to people. attacks all over the place from one day to the next. one thing many of us agree on, this company is in it infancy, and there are forces trying to capitolize on it growing pains. In my opinion, and investing dollar, risk/reward here is in favor of the management taking this company to a level that was inspired by its very name. I see the next Nextel here, without the hundreds of millions of shares in the float. agree, they have put some out there to expedite growth, but I think they managed it fairly well.
from another board, word is, statement has been resolved with accountant. I believe its true, why it has not been submitted is anyones guess, but I believe we will find out soon.
once this all blows over, I think many will realize what a good growth company this will be overall. I see this as the Next Nextel withou the float, maybe they will keep the float in check.
from another board "Maybe EY is trying to save time. If he waits a few more days he can file the 1Q numbers at the same time!!!"
good guess, that along with more progress, could be a home run coming?
I think its time to sue them -->"Sarraf Gentile LLP Files Securities Class Action Against GlobeTel Communications Corp"
I have no clue what the grounds are, nothing has changed, just delays so far. the big thing to me is the law firm's bogus suit causing the sell off or stock today. buying opp to me as far as stock goes.
stormy, agreed. I dont like the constant attacks, towards persons or companies.
considering how much of my savings is invested, and how much stock I have in SHRN, I would have to say I am too over loaded here. its something about the business model and Eliron. they do have problems, all microcaps do, and the bashers love to capitolize on that fact. I will lean it out a bit but I dont know when yet, still hope something huge is right around the corner.
FYI, above information is not correct for Mr. Corso. it is now
74,235,000 Shares
Question, is it worth the fee to be a premium member here. what are the advantages.
If my man Eliron uses TurboTax and does it himself again next year, Im out. just a little pre-report humor.