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cole, they did what they were paid to do. Show up!
Its very good. They now have a compliance dept
whats that have to do with anything COLE?You know theres no interest? contract?No one was interested?
how many pedestrian fly a blimp pass's does the AF hand out each year?I bet a ton. Geez to think we might have had something.
Oh yea, if Huff is a FU then why is Dumas still here? He doesn't seem the type to wait for a funeral.
The AMEX will look at GTE's compliance,Period.
Well, if the system allows for GTE to cure certain accusations, and provide proof in support of its behavior, on the AMEX,we have a good shot for redemption.
The first thing I'd do after the verdict no matter what it is is fire the in house lawyer!
The one thing that is interesting is that no one mentioned reality is as much a wake up call, as it is a an introduction to the truth. I thought the line between credibility and intent was very thin.It isn't!People formed opinions with 1/2 the info on Tim. I've stated that while tim is a capable hands on leader in tech and marketing of futuristic voice data products., his fubar on the russian deal was an outcome he certainly didn't want and the AMEX delisting issues, well he didn't want that either.So,now what?
My gut is that this company has opinions by others as well. People who see the company as a staircase to better Homeland protection,and better warfare communications for our troops. Certainly Huff didn't force the top brass of the AF to work with GTE.
65 plus people whos job it is to build GTE is being played out real time.All of them will lose if GTE loses.If enlightenment comes to the members of the Amex it will be because Huff showed his intent, and because he was credible. will support its claims.I'll bet the AMEX forgives the mistakes/failures of GTE (if thats what they were).I'll also bet that they learn a lesson on rushing to judgement as well.Its not over and thw 28th is not a formality.
cole
Jones already said we are several years away from a finished product.The short term hang ups are strictly due to the timeframes self imposed. Any semblance of a completed portion of the project will be a coincidence if its schedule is kept.
Expect delays cost overruns and headaches... This isn't going to be text book.I got lots of time,so I'm more concerned about the feasibility of the strat then its applications.
let GTE fight its own war.
Does anyone know if the pics of the Wifi system attached to the building in Germany is the complete build out?
So,
Does Tim get to go before a tribunal of AMEX coverts,himself,or is this a lawyers closed door thing?
I'd pay top dollar for front row seats.I wonder if he'd keep a straight face when they ask him questions.Showing them before and after pics of his bank statement.
Id get thrown out for laughing uncontrollably before they were done with him. in fact you'd hear me laugh all the way down the hall and out the buliding
GTE is sitting on so many turns of cash flow in future growth that only reason the banks haven't signed on is that they are too busy furnishing the AMEX with statements of character for members of INTERNAFTA.After that I'm sure they will have ample time to offer a credit line to GTE..
in the mean time.....
Mide ask the powers that be, if they'd like a credit line with more favorable terms from the peanut gallery.. I'm sure several of us might sign personally for the right deal to stale 2 years out.We can even negotiate a vote on class d shares...no? I'd vote for you as GR (group representative.)
No offense taken.In the grand scheme of things,it doesn't matter to me how many people boycott him or worship him.He knows where he stands with me and GTE.
If you hit GTE on Seths link in todays article, its linked to yesterdays close.....this guy is a piece of garbage.
Don,
I called it too. the funding was a bridge.
Cole its logical you should back peddle.
Logic would dictate that this is the tip of the iceberg
come on you know that's not fair comparing GTE to members of the DOW. In 2 years maybe... but not yet.
tradeforyourlife is really a successful accountant. Not to be confused with his side job,of day trading.
Cole,
How is it you are so sure of everything?
Fortune
what happens if you are wrong and the the AMEX keeps GTE listed?
After consideration of the events unfolded Huff,Dumas need new legal.The company is mostly keeping things close to the vest until after the AMEX 's determinations. Until then.I would think that no material events are going t be made public without permission unless forced from/by the amex.
The Sh price should be the last of the concerns at this point. I imagine damage control and a host of conference's are a necessity to determine the daily progress and a broad schedule of whats really needed for the next few months..Micro managing is not possible for now and we really don't know if the latest cash was needed as a bandaid or a protagonist.As for the alegations, I expect a laundry list from the AMEX. After curing the questions,I'd launch my all out assult on the detractors, and have them belly up to my judicial inquiry.Duma's should be pissed that he was named party to questionable relations. I'd have a separate set of lawyers for dissing the reputation.Lucky GTE doesn't have me as its lose cannon.If I was Huff and I knew I had a 600 million dollar deal that fell through, I'd blame myself for the dupe, and blame the AMEX for forcing my hand.
Anyone know what the odds are at balleys for GTE's Amex appeal? I think we stay....Then the updates/PR's.We have a 3 bagger out of the box if I'm right
doc s..... if i may....
1) Are you convinced that GTE will survive and prosper as a company? THEY WILL SURVIVE AND PROSPER. MAYBE N0T AS GTE, BUT CERTAINLY DIVISIONS ARE WORTH SOMETHING TO SOMEONE.
2) Do you believe your answer to #1 is regardless of the outcome of AMEX?
YES AND NO AMEX MEANS MORE SHORT TERM MONEY NEEDED. MORE DILUTION. YES WE STAY ON THE AMEX WILL MEAN MORE MORE MONEY NEEDED MORE, DILUTION
3) Have you ever thought, or do you still ponder the question as to whether or not GTE may be an elaborate inside money generating scheme, and eventual demise for investors (I'm trying to avoid using the word scam)?IF HUFF DOESNT SHOW UP HOME OR TOO THE OFFICE IN MORE THEN 6 BUSINESS DAYS, 76% CHANCE HE FLEW THE COOP LIKE THE EXEC AT SYMBOL TECH.MOST LIKELY HES AT YALE TAKING CASE STUDY COURSES ON MANAGEMENT. I DONT THINK HE OR DUMAS MAKE GOOD CROOKS.
4) When do you think we will know whether our homes, loans, personal savings, etc. (many have used these to purchase GTE) will recuperate or vanish? Weeks, months, years?
I ask you these questions for many, including myself. docS
the next terrorists are going to be fair skin blond hair
sam! what do you think of GTE as an investment?
sam
What do you think of GTE as an investment?
glow,
not to worry. I had stock with first united in jersey and when they went under the stock was trasfered to a broker or myself.My choice
nikos
I think I saw the strat tester on CNBC. I saw 100 mil a year run rate with a million in LTD.If everyone is wrong and the company is what you'd lead everyone to believe then, at worst, we made a bad investment.If we are right and the bridge gives the company some 0xygen till a deposit and a confirmed partner, along with compliance for the AMEX, then we are 5 fold, by OCT 1st.
Its not do or die. Its borrow till you do.
I don't think its a great idea at this time for Dumas to make any loans to the company from himself personally, for alot of reasons.
I just added another 10,000.This deal has to be a bridge loan.Its either that or a planned take down for friends.None of the lenders are thowing away money,especially today, and a million bucks isn't much money.The company is bleeding not hemorrhaging.
for the moment Huff reminds me of me. borrow as little as needed, do the business, borrow when needed and excecute.(I GIVE NO TIME LINES)Doing it with tablecloths and napkins is less of a gamble then a strat,Today, I can get 7 figures large on my signature wiith no questions asked. Hell, I got china giving me terms.
All I know is this company does 80 mil,now with now a mil in debt and a test blimp the size of alaska, showing a 3mil quarterly loss. Should if and when they get a paying customer, we are so off to the races.
I'm blown away that the funding isn't for more up front cash. I wish I had the chance to bend my checkbook for .36...when we are at .50... sweetheart deal to me
cab,,,
now thats funny!
jfburk
They short against the box in a death spiral. The sum of the parts is worth zippo. They leave the cloths and walk off with the body.
Mide
Debt financing? Forget it.Its a bargain to covert warrants then sign a deal with CIT. Signing with them is worse the the devil.
Im lost as to what collateral they can borrow against.I know of no ther solution for their case then dilution. I'm also curious how much Duma's is worth. Maybe he's a partner on the lending.Either way, it was coming and all I have to say is ta da.!
Danielle
Let them sell.I knew the dilution was coming right after my adobe printed the new issue to vote on.I can't believe the "in business for a few more months" mentality.
So, they didn't need the money, and now they do. As long as I see an increase in the top and bottom numbers,I'm one happy camper. Who's selling an empty blimp? No one. How on earth do you build a new near space vehicle without money????? You don't. Period. The finger pointers with 6 figure loss's most likely never ran a candy store much less a build out on a template people are funny.Sell, I'm looking to bury as much as I can in the tech behind the GTE TEAM AS IT IS, in the next several months.So take your candy ass write offs and be gone.
I picked up another 10,000 shares.Its like free money at this point. But only if you are long, and only if you believe, and only if you have brass balls.(*sorry ladies)
my exact thoughts ken!
griff I pointed it out in post 41190