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WHERE IS $50MM FROM COLOMBIAN DEAL? RUSSIA NOW ?
Congrats to all longs that made money today by selling on news however after 6 month wait have you seen a penny of $50MM from Colombia deal from 6 months ago? Apogeo plans to invest a total of fifty million dollars ($50,000,000 USD)into the project.(Sanswire). I understand that Strat does not exist yet but investment or part of it was suppose to come first which would have to reflect in 10Q filling. I mean I've seen press releases of wireless networks in Japan, Germany, Columbia and now Russia. Have you seen a penny in form of investments and/or revs from past announced press releases ? Answer this question truthfully without making excuses and run a rounds. Enough said !!! Revisit those PRs and think about it. You all keep cheering without really looking back at what was announced in past but not accomplished a bit in full year of 2005. If that is the same case with this $600MM deal then it was previous PRs then you will be waiting and more similar PRs will come without a penny earned from past PRs. How is that increasing your shareholder value? Where are the revenues from past announced deals I ask ? Something to think about and also something to think about is unstable financial and political situation in Russia. I mean have you heard of Yukos Co. You will not see this money on any of 10Qs as you have not seen any of the money from previous PRs. Just my opinion.
http://www.sanswire.com/press/20050714.html
"Sanswire Networks Signs Agreement to Deploy Stratellites in Colombia July 14, 2005
FORT LAUDERDALE, Fla.--July 14, 2005--GlobeTel Communications Corp. announced today that its wholly-owned subsidiary, Sanswire Networks, LLC has entered into a Joint Venture Agreement to deploy Stratellites throughout the country of Colombia.
The agreement with Florida-based Apogeo Enterprises Corporation calls for a total of five Stratellites to be launched over the Latin American country to build a wireless broadband network that would be the first of its kind in the world. Apogeo plans to invest a total of fifty million dollars ($50,000,000 USD) into the project. Funding would be based on a construction schedule to be set by Sanswire and would be released to Sanswire pursuant to the terms of the Agreement.
I use various website to come up with TA.
The $2.10 support line i was reffering to is from this site.
This site is very acurate with support lines
http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=gte#ttop
This one has does not have support at $2.10 but $1.84 however i don't use this one very often.
http://www.stockta.com/cgi-bin/analysis.pl?symb=GTE&num1=1&cobrand=&mode=stock
This site if very accurate with BUY/SELL signals during trader hrs. 15 min delay.
http://thewallstreetanalyst.buysellorhold.com/isapi/delstockgif.dll?CType=1&EDate=12/29/2005&...
TECHNICAL OPINION - GTE CORP (GTE) - 12/29/2005
Daily Opinion: SELL
Thursday's very Bearish (down) move, forming a recent low, is accompanied by increasing volume (204% of average), suggesting further new lows are ahead.
Short-Term Opinion: UNDERPERFORM
On a short-term technical basis, the trend is Bearish (down) and the stock is slightly below its 50-day moving average at 2.42 which also confirms its Bearish (down) trend. The stock is extremely oversold according to the Stochastic indicator (17.56).
Long Term Opinion: N/A
Not enough data for Long-Term Analysis.
And the master of all TA is japanees candlesticks. As much as some of you do not like this site. This site has not failed me yet so i care less what others think of it. As long as it works for me. I'm all good.
http://www.americanbulls.com/StockPage.asp?CompanyTicker=GTE&MarketTicker=AMEX&TYP=S
lowtrade & doctorS you are....
2 very smart voices that this board needs. I will say that even if you dislike me.
Lowtrade great post. Doc good bait.
The support line looks like it is $2.10.
-5% DROP TOMMOROW. PREPARE FOR MORE PAIN TOMMOROW.
Transat&dinotori.ITS NOT LUCK BUT TA&FAILING FUNDAMENTALS!
The differance is that i post the truth and see it clearly now and can make clear calls even if they are brutal. Most dislike it cause it does not fit their agenda profile. Fine but all calls i made were right. Just goes to show you who is right. Tommorow GTE will see another -5% drop IMO.
I called SELL confirmed way ahead of the drop here.
http://www.investorshub.com/boards/read_msg.asp?message_id=9000937
I called for first support targe at $2.00(xx)range which $2.10 is support right now. If GTE breaks that tommorow more there will be at least -5% tommorow.
http://www.investorshub.com/boards/read_msg.asp?message_id=9000937
And also called early share dilution.
http://www.investorshub.com/boards/read_msg.asp?message_id=9023243
and as my buddy Jack says......
$1.14 DAWG. Another Descending triangle just formed.
PITBULL I TOLD YOU SO PEOPLE. SELLING ON HUGE VOLUME.
this is beyond year-end bs guys. there is something wrong here at globetel imvho -pit
$2.19 price now on huge volume. 3.4 million share traded and day is half way done. By day end expect volume to reach around 4.5-5 million. Huge volume selling means more downside. Tommorow will be douce of today however on lower volume and lower % wise then today. I suspect tommorow another -5% down. I guess my $2.00 price prediction will be reached sooner then i expected. I told you guys that end of the year will be dooms day for GTE stock due to Huff's yet another broken business timeline. Dude have not executed sucessfully one thing from his business plan. In my opinion he should be asked to resign by BOD. I would vote on that. I would buy one share of GTE just to make my vote. Now AMEX warning letter stating non-registration of additonal shares. Is GTE trying to hide stock dilution ? Tell me something possitive from business plan and I will change my view to positive but right now every single thing from BP is negative. Like Jack Nicolson says on the bottom.
Di- soon to cross over ADX. Negative trend to be confirmed.
http://stockcharts.com/def/servlet/SC.web?c=GTE,uu[w,a]daclyyay[dc][pb50!b200!f][vc60][iut!Uc20!Ul14...
$2.39 strenght 10 support taken out
$2.39 with strenght 10 support just got takken out. Whow. Such a stong support goes out more downside to come. Next support is $2.10. If that gets taken out then $1.84 is next support. I guess we will see $2.00 sooner then I thoguht. Maybe tommorow but definity in my opinion by end of january 2006.
http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=gte#ttop
That was not Huff. Huff can not send emails to anyone outside the Co comunicating inside info that was not covered in PR's. That's called Insider info for which he would go to jail for. Trust me that's no Huff. Mailman is full of Sh1t. Because another failed time line see at $2.00 or lower
It's 2.38 now so your fibonaci did not work out. More downside to come. Like i said maybe $2.00 will be support. Sell off and short is due to Huff's another failed business time line of end of the year strat launch. Sebass is always wright.
TA CALLS FOR ME DOWNSIDE !!!
I told you here TA Sell was confimed. Yo didn't lisen.
http://www.investorshub.com/boards/read_msg.asp?message_id=9005098
More pain and more downside to come because 50ma and 200ma got taken out. Hey Sanswired how is that golden cross working out for you ?
Soon DI- will cross over ADX which will confirm negative trend.
Money flow is also going into negative
http://stockcharts.com/def/servlet/SC.web?c=GTE,uu[w,a]daclyyay[db][pb50!b200!f][vc60][iut!Uc20!Ul14...
CashProphet you tell me what was accomplished then ? Educate me. But before you do why don't you look at what was not here and then tell me.
http://www.investorshub.com/boards/read_msg.asp?message_id=9000297
http://www.investorshub.com/boards/read_msg.asp?message_id=9000297
rtb relax. I don't seat in fron of the pc and post all day.
Here is the lowtrade's post i was reffering too.
http://www.investorshub.com/boards/read_msg.asp?message_id=8999225
pitpull can i ask for you reason why you feel so comfortable ?
I mean from 2005 business plan outline by Huff nothing was acomplished. That's preety bad and sad. I will change my mind if one of those things in business plan is acomplished. Until then I will be watching it.
rtb_all_american
TA wise lowtrade posted descending trinagle happening right now so there is your sign. Right now there is support at 50/200ma lines. If those get taken out then $2.00 would be appropriate. And if you ask why those line would be taken out it is pretty simple answer. Deteriorating fundamentals. For example end of year end broken timeline, no profitability by year end as promised etc etc. You know there is nothing but negatives with this Co. If you choose to see it otherwise then good luck to you. By the way it looks like we will get the doji today. Anyone wants to comment if doji is the candlestick what would that fortell.
lap Enron had millions if billion market cap and so what ?
Were all the big money wrong ? YES. I see that COMPLETLY NOTHING HAS BEEN ACOMPLISHED in 2005 per CEO business plan which is terrible for Company, investors and especially CEO. CEO's that accomplish nothing are usually voted out by BOD but that aside. Until i see SOMETHING I MEAN SOMETHING MONETARY REALIZE from that business plan or see bulid strat this Co is nothing but bleeding cash Co. I care less about Revs that are increasing with same amount as cost of those revs. How is that going to accomplish profitablity. By the way that is another thing that Huff failed on. He said Q3 then he said Q4 and you will see we will not be profitable this year or even Q1,2006. Nothing bro nothing that he said he would do materialized so why so much optimism is beyond me. But then again i understand that a lot of people wear rainbow glasses on and can't see realistic colors. I had those glasses on. Now they are off and i see clearly.
TA wise we will see tommorow. I agree with you cause Hammer candlestick has formed however TA means nothing if fundamentals are falling apart in this case that is exacly what is happening because year end and no strat as CEO promised. Also that AMEX non compliance is not good either. See ya at $2.00 by end of january.
Revs with Cost of revs UP as much as REVS.
What margins ? You can have revenue growth of 1000% but if cost of revenue is up 995% then your gross margin is only 5% then minus operating expanses and you will have bleeding cash company until banckrupcy happens. That is exacly where GTE is at. The only significant revenue that is coming in is from re-routing carrier traffic for other companies which Huff stated at the most is going to be 4-5% gross margin business. Operating expanses for strat, wi-max and magic money will eat that maring for breakfast and then some. Other units burn cash with no revs. No strat. Look at 10Q dude.
HOW IS THAT GOOD ? PLEASE ENLIGHTEN ME !!!
It's a brokerage rule however most brokerages set it at $4.00. Ameritrade has it at that too however Hedge funds and other insitutions can short lowever then that but that's beside the point. The problem with all shorting is not Individual investor shorting but Naked shorting and hedge funds. They have profound effect on stock price.
braden question for you bro.
I don't get paid bro. I'm just realistic posted which posts facts backed by data unlike some other people. If you those facts backed by data are negative then you should look at what you have invested in and what kind of Co. is this.
Now answer me why nothing from 2005 business plan has been acomplished and if you believe it has been then why Huff quotes differ from your opinion?
http://www.investorshub.com/boards/read_msg.asp?message_id=9025412
If that is not a failure then I don't know what is. I guess some people are til the end of things. Enron investors were.
stock_hippie agreed and thank you. Looking TA wise if it holds 50,200 Ma's it's up trend from then on but I keep thinking about end of the year timeline and Huff and Co. has 3 more business days to launch S1 and if that timeline is not upheld i think and judging from history of GTE it's not been shorts will have their way with GTE again so i think $2.00 is more possible then NOT in my opinion. There is plenty of time to make an entry and to do it now would be suicidal IMO. If I will make an entry it will be in $1.2X range where support is at but it would be on hype and speculation only since nothing is materializing out of business plan so how can i trust GTE. GTE is will see that number again. Remember that.
Good luck as well.
Possibly GTEE as new symbol soon and if non compliance then back to GTEE.OB on over the couter trading where it started a year ago. Hmm...seems like clock is not going forward but backwards for this Co.
followingte AMEN Sir to that post
I feel exacly same way. This stock is worth nothing if revs from other business units don't kick in and strat doesn't fly. Tommorow will be pain day due to after market close PR from GTE. I see strong suport at $2.00 range. If 50ma and 200ma gets broken then see ya at $2.00. Any all of you forget about $6.00 price tage if no strat soon. Clock to end of the year is ticking and no strat update yet. No strat by year end, pain will come. See ya at $2.00 or under.
Correction: 6 GTE EXECS/DIRECTORS RESIGNED UP TO DATE !!!
Look how many directors have resigned from board and directors of Globetel/Sanswire units. HOW DO YOU GUYS JUSTIFY THOSE LEAVES. HMMM..soon Huff will be working by himself on the prototype the way his workforce is leaving him and this Co.
Jerold Hinton - former Globetel Chariman
Przymyslaw Kostro - former Globetel Chairman
Leight Colman - former Globetel President
Michael Molen - former founder and CEO of Sanswire Technologies, Globetel director.
Laina Raveendran Greene - former BOD. (SVP Legal i think)
Vern Koenig - The Inventor and chief engineer of Sanswire Prototype, design of Sanswire One.
Still waiting for answer where is a penny from one of these coutries ?
And psze i don't give e hoot if all of you put me on Ignore. It's your right do do so.
showmebill WHEN ? is the question not what their business plan is for magic money. I knew business plan for magic money over a year ago. NOTHING COMPLETLY NOTHING MONETERY HAS MATERIALIZED OUT OF magic money. When is Globetel going to capture some percentage of those $4B and $6B dollar market is the question. Time keeps going by and GTE has executed anything from last year business plan. SAD AND TRUE. WHEN Sir ?
Seems to me like no one wants to work with this CEO.
As i said no matter what info some of you get you someone can always justify negative sentiment and news as good forward looking until the final day of DOOM's day.
mide my question to you what is your opinion and/or sentiment on magic money annouced business below. Still no update or significant amout of $ from this unit.
GTEL Signs Stored Value Card Agreement With Leading Indian Company for $9 Billion Remittance Market
Business Wire, Sept 9, 2004
http://findarticles.com/p/articles/mi_m0EIN/is_2004_Sept_9/ai_n6187074
GTEL Targets $7.6 Billion Filipino Remittance Market; Bankard and GTEL Sign Agreement to Issue Stored Value Cards for Remittances in the Philippines
Business Wire, Sept 7, 2004
http://findarticles.com/p/articles/mi_m0EIN/is_2004_Sept_7/ai_n6183423
Correction Siegel is still here but 7 is a high number if you ask me !!
pszme read my previous post on evidence and also look at how many times CEO and former President of Globetel broken publically annouced time lines. What has been accomplished from annouced magic money agreement from year ago ? Nothing. How much more evidance do you want. I bet most of you will still try to justify every negative press release even if SEC sparks up intrest in this Co. What will it take for investors to realize that there is something not wright with this Co ? You tell me Sir ? You give me one shread of evidance that this Co. is in healthy state and i will reconsider my position.
8 GTE EXECS/DIRECTORS RESIGNED UP TO DATE !!!
Look how many directors have resigned from board and directors of Globetel/Sanswire units.
Jerold Hinton - former Globetel Chariman
Przymyslaw Kostro - former Globetel Chairman
Leight Colman - former Globetel President
Mitchell Siegel - former Chief Operation Officer Globetel
Michael Molen - former founder and CEO of Sanswire Technologies, Globetel director.
Laina Raveendran Greene - former BOD. (SVP Legal i think)
Vern Koenig - The Inventor and chief engineer of Sanswire Prototype, design of Sanswire One. -
Rick Searfoss - BOD. board member, former Space Shuttle Commander
Now is GTE hidding share dilution ?!!!!
My take on it is GTE is trying to hide share dilution. Like i said in the past.
nyy can't be done under $4.00 so too late. Yada yada yada. I've heard all that before 4 times so yours does not make it more creditable. Yes my information is as sound as it gets. Anyone that does not consider quotes from CEO as not valid info is crazy.
pszme so what ? With 95% of that revenue being a cost that means 4-5% gross profit. After deducting operating expenses GTE will be always non profitable until then will bleed to their inevitable bankrupcy. GTE is Enron in waiting with corrupted managment!!! As far what am i trying to do about helping the situation is to have you people vote on removing this CEO and it's crooked sidekicks. Let's vote on next proxy !!! If this Co. had any potential whatsover to acopmlish what they said they would Lockheed would buy them out long time ago. Something to think about.
dinotori too bad GTE won't be part of that growth !!
mathew Huff is holding us up not Honeywell.
He set and broke 3 times different timelines for launch and end of the year of 2005 will be the same. Another broken time line and another lie. You can fool me once, maybe twice but not 3 times. I'm bearish on this POS CO. and see ya at 52 week lows.
That is fine bro however Huff should not have mislead me and other investors in thinking that strat would be done in 2005 and 2006 and who knows what the next broken date will be.
Pitbull i'm so glad you asked that !
Launch of non-ridged dragon blimp that was done for military is not Stratellite and not what Globetel and managment of the company was promissing and what was outlined in business outline. Look http://www.investorshub.com/boards/read_msg.asp?message_id=9000297
Now stratellite is ridged high altitude airship where that military airship was non-ridged low altitude airship. That is comparing APPLES and ORANGES. Do you disagree ? That is the problem lack of paying attention to details. That is deadly in stock analysis. I believe because of those failures stock price will correct to $2.00 under. As of now THERE IS NO STRATELLITE. PROVE ME OTHERWISE AND I PROMISE I WILL GO AWAY !!!!
MARRY CHRISTMAS TO ALL FROM MR.GRINCH.
jaa007 shorts did the same thing few months ago when price was $5.53 and brought it down to $1.14 because Huff did not uphold launch timeline. Since strat launch will not happen by end of 2005 like Huff stated shorts will use that weakness again and bring the price down again. History always repeats itself unless events change. Events in strat did not change so expect that very soon. Better sell before you loose your gains and start feeling pain. Also notice that this time sharpness of the fall is a lot steeper so it will get there quicker then before. Also Di- just crossed over Di+ meaning negative trend is prevaling and getting stonger confirming negative trend. Also stock broke 200MA and if it breaks 50MA it's all over from there.
http://stockcharts.com/def/servlet/SC.web?c=GTE,uu[w,a]daclyyay[dd][pb50!b200!f][vc60][iut!Uc20!Ul14....
I don't have to give you anything man. Strat does not exist yet, therefore no launch anytime soon and it's my opinion but you have problem distingusing opinion from the fact.
Let's learn together. When Huff states and i quote "We have scheduled the launch date for the Stratellite prototype for March 25, 2005" http://www.globetel.net/about/letter011005.html
That is a fact.