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I saw GTE listed with three categories of violations.
That's a wonderful idea: spend what money we have left buying shares in the company rather than completing one of the hundreds of projects in the fire which would generate a share price increase. Now is the time to spend company funds wisely and get the cash flow positive.
The company's counsel cannot gag the CEO. He can only advise him.
The Amex may have made GTE disclose the Russian deal, but they did not compose the news release.
That's what we get for not doing the DD. We know something about GTE, but nothing about the CEO. Where was he born? Where did he grow up? Where did he go to school? What is his verifiable work history? Has he ever been sued? Try Googling Huff and nothing comes up but GTE stuff; nothing personal. A blank slate. Oh, well. Live and learn. For those of you who continue to pour powder in your muskets, make sure the powder is not flowing out the muzzle.
Jasmine's job is to answer the phone.
Good news takes longer to confirm than bad news.
Remember the Tucker automobile? Vern, you may be on to something.
"Plus huff better have that 2nd qtr report looking good or else."
Or else what?
Better a Strat on the ground with defects than a Strat airborne with defects.
House: That makes a great deal of sense. I knew that Vern and MP were the same, but some of the posts were out of character with others. The Strat will give Vern some PR he can use in his own fund-raising and therefore it's to his advantage to help us however he can.
Unless GTE sticks to their plan to be paid up front, I would not spend a great deal of money on the BHG outfit. Those who do not study the past are doomed to repeat it, and the word "Internafta" keeps popping up in my memory.
Incidentially, this announcement was prepared by someone who needs help with the language: i.e. "there" instead of "their", a common error but it speaks volumes about the care the company takes in preparing its presentation. I think the info about GTE comes from GTE's website, but BHG found a gas-filled balloon where none exists in GTE land. It appears to me that BHG is trying to leverage this operation with no investment on their part. Get the gelt. JMO
Cab: While there are many long-term holders of GTE (since 1999 for me) the countdown really did not begin until the Huff era began and so the modern version of Hinton's company is still in its infancy. Patience will win the race.
Probably a class action lawsuit being filed against all those companies on the list.
Henn: That's interesting. I wonder what the letter looked like. Maybe a fake Notice to Produce or a Subpoena for the Production of Documents. Obviously up to no good. The world is getting stranger and stranger.
It's June 30, remember? Progress measurement time for Huff.
No problem. Just curious. Maybe the lawyers assisted the accountants in covering up the problem
How does a law firm wind up auditing a bank? Accounting firms do that.
9 minutes and no sales yet. Think it could be halted?
Warp: I don't think that's a bad idea. The anti-tampering device wouldn't have to be a danger to humans. It could be a device that melts the innards or in some way scrambles the components rendering the device impossible to replicate. Like the tape recorder in the old "Mission Impossible" series that self=destructed 5 seconds after the tape stopped. A vial of acid that would break when the box is opened. I think any crafty engineer could come up with something that would not hurt anyone but would erase the important stuff inside the box.
I believe there is one more important dot: The prospective purchaser of the GTE installation pays for the pilot program.
Jim: You are correct. We got what we were promised. Most indications are that the meeting went very well.
I've been watching it for the last 45 minutes. Logandean encapsulated the thing pretty well as far as I am concerned. I was greatly relieved to see that Huff is clean-shaven and a bundle of energy. I have never made any money investing in a company headed by a man with a mustache or beard.
Trunk: I'm not sure I get you. A 2:1 split gives us 2 $.54 shares for every one $1.08 now. The number of shares outstanding doubles, but the value of the outstanding shares remains the same. Where's the advantage in that?
Warp: I don't think we are entitled to a video of the SHM. It will be a freebie when and if it takes place. Meanwhile, there are some very good posts here from eyewitnesses to the SHM.
Jim: Same response here. Page not found.
I believe today's attention is on the SHM, not individual opinions.
The q&a is after the presentation.
BB&T Money Transfer Product EasySend now Free, Available Across Footprint
Tuesday June 20, 10:15 am ET
WINSTON-SALEM, N.C., June 20 /PRNewswire-FirstCall/ -- BB&T Corporation (NYSE: BBT - News) today said it will begin offering free international money transfers throughout its banking network covering more than 1,400 financial centers.
EasySend (or "EnvioFacil") previously was available only at one of BB&T's 135 designated Hispanic Banking Centers for a $5 remittance fee and a $5 account opening fee. BB&T is now waiving the fees for clients who have a checking account, savings account or payroll card with BB&T.
Introduced in 2004, the money transfer product was originally designed primarily for Hispanic immigrants who regularly send money back to family in their native country.
It has since evolved into a popular product for immigrants from anywhere in the world, a competitive advantage in the $110 billion global remittance market over financial institutions focused only on Hispanic countries, BB&T officials said.
"EasySend allows clients from all over the world to conveniently and safely transfer funds," said Scott Qualls, Deposit Access Products manager. "They can even bring cash to a BB&T branch for a transfer. And now they can also do that for free at any financial center in our footprint - from Maryland to Florida and west to Kentucky.
"We look forward to continuing to meet our clients' immediate money transfer needs in a high quality fashion and building long-term financial relationships over time."
Once an EasySend account is set up, clients will typically mail their family a packet with an ATM card and instructions on how to pick up cash from any Visa Plus ATM worldwide using a personal identification number (PIN). BB&T is also now waiving the 2 percent ATM withdrawal fee for clients with a BB&T checking account, savings account or payroll card.
"At BB&T, our focus with money transfers is much broader than Mexico and the rest of Latin America," said Jorge Moller, BB&T's Multicultural Markets manager. "Our EasySend product is open to everyone who needs to send a money transfer, regardless of their country of origin. We felt it was important to be a global player in the remittance business.
"The demand is certainly already there and now that we've eliminated the fees, the product is more accessible and will only continue to grow in popularity."
EasySend allows clients to open an account with cash. Or if they already have a BB&T account, they can transfer funds directly into an EasySend account. Accounts can have a maximum balance of $2,500 each month. The minimum deposit is $25; the maximum is $1,000.
Winston-Salem, N.C.-based BB&T Corporation and its subsidiaries offer full-service commercial and retail banking and additional financial services such as insurance, investments, retail brokerage, corporate finance, consumer finance, payment services, international banking, leasing and trust.
BB&T operates more than 1,400 financial centers in the Carolinas, Virginia, Maryland, West Virginia, Kentucky, Tennessee, Georgia, Florida, Alabama, Indiana and Washington, D.C.
With $110 billion in assets, BB&T Corp. is the nation's ninth largest financial holding company. More information about BB&T Corp. is available at www.BBT.com.
Thanks Sirius. Things are looking better on the eve of the SHM. MaryLou ought to work for the CIA. I would never have thought to check and see if the crew is working OT tonight.
Sirius, I posted the same MaryLou report at the same time you did, so only one appeared. My guess is that there will be a demo for the shareholders tomorrow. Wouldn't that be something of a surprise.
Crossm: Please send your post to Bleckman with a short resume and try to get it to Huff's attention before the SHM. That's the best proigram for this co. that I have ever read. Thanks.