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Read Housedad's posts over on the TA board this morning. He did a little of his own DD on GTE's upcoming wireless contracts, and came up with his own conlcusion on the next wireless deal. Rob did say Russia was only the "4th biggest thing" GTE was working on . . .
Glow, who is "tommyzfuture"? Are you one and the same? He is the one who originally posted this information. See my earlier post below.
kevinaok - the following is the original post. I challenged the poster on this, noting that Bleckman would never tell a shareholder such a thing, and the original poster did not respond. Note: this poster claimed to have spoken to Bleckman on a morning when there was breaking news. Right. I think it was a basher who intended to start a rumor:
By: tommyzfuture
17 May 2006, 10:08 AM EDT
Msg. 184841 of 185861
Jump to msg. #
I talked to gte this morning. The general council was on a plane to NYC to talk to the SEC at 7 this morning. They were not aware at the time of the 400+K trade that took us to .75 nor were they aware of the .75 cent low. The man i spoke to got off the phone immediatly and said he had to text this information right away. GLA T
I don't think it's Mide's "theory" - if he said Bleckman told him, I believe it. So, let's assume an error was made (it sure looks like it, judging by the pps action). Does anyone think GTE can go public with a BONY or AMEX error? If the AMEX specialist or the Bank have looked at the rules and determined they are not required to go public, and GTE is not privy to the details of the error except through whatever "facts" are made known to GTE, then Rob Bleckman's hands are tied. GTE did not make the error. Bleckman can request a public statement from the parties involved, but I'm not sure he can demand it.
Now I've seen everything - a 3-million share "adjustment" in AH - explain this one, it's equal to about half of the total volume today:
1.47 3103800 AMX 17:47:19
1.50 500 NDD 16:35:13
1.47 3400 AMX 16:01:37
1.46 1000 AMX 16:00:01
1.47 4300 AMX 15:59:54
1.46 1000 AMX 15:59:52
1.46 200 AMX 15:59:50
1.47 200 NDD 15:59:43
1.47 200 AMX 15:59:37
1.47 1000 NDD 15:59:28
1.47 500 PAC 15:59:27
Cookie - nice try at trying to rewrite history. The sharp drop in share price had nothing to do with an ordinary "pullback" - GTE was climbing in the premarket. This is what happened:
Posted by: mide
In reply to: None Date:5/17/2006 11:54:06 AM
Post #of 22117
Update from Rob..
"RobbyGTE: verified by our specialist just now...
RobbyGTE: one trade for 466,000 entered three times.
RobbyGTE: executed through bank of new york
RobbyGTE: meaning there's 932,000 that will need to be bought
Mideazwell: Does this mean Bank of New York has agreed to rebuy them? and if so over what period of time?
RobbyGTE: it will probably occur over a period of a few days but yes, they have to buy them at prevailing market prices"
M
Ken - ever get a reply from Rob? The maddening thing about this is that most shareholders don't know what happened and the bashers are crawling all over the message boards, conveniently skipping over the bizarre trades this morning and now suggesting that this "pullback" is normal, etc.
Again, it's not a matter of fault. How ridiculous. Messages on message board posts are not a a reliable source of information. Posters here know and trust you, but there is a lot of misinformation if not outright lying occuring on message boards, and anything posted on a message board will not be considered authentic, especially regarding a "mistake" of this magnitude.
Mide - we need a pr on this. Shareholders want to know what is going on and some are questioning this explanation. I trust you and Rob, but a public statement must be made for everyone.
O.K. - so we need a pr clarifying this error asap!
Mide clarified that it was three orders of 500,000 totalling 1.5 million.
I think GTE should put out a pr explaining the error!
TA people - comments please - from RB:
By: rlaino
17 May 2006, 10:23 AM EDT
Msg. 184872 of 184880
In my 35plus years on the AMEX trading floor I have seen
this before...Phony orders are put in and then duplicated
and this smells of that type of fraud...Just MHO but I bet
there will be an investigation of the 3 blocks of 500k
that took this stock down to 75cents...lets wait and see..
GTE bounced back from 75 cents to $1.30 plus...that is
some scenerio...time will tell....
I know this is not the TA board, but judging by the current AH price of $1.80 (up significantly from the close) and what happened yesterday in AH (i.e. up significantly), it appears you are correct, i.e. more news is on the way. Someone knows ahead of us, as usual.
I believe it's one stratellite to cover an area the size of Texas. Correct me if I'm wrong.
Great dd, GoFetch, but remember, Brazilians don't need internet service to use GTE's new stratvoip system.
Lowtrade, we've known about Vozbrazil for some time - remember the shareholders letter? From Rocky:
Subject: Re: News!!! GlobeTel Launches VozBrasil(TM) to... Posted By: Rocky1
Date/Time: 05/15/2006 10:53 AM CST Message #: 794 of 795
This is a reply to message # 792 written by kevinaok.
Todays PR in conjunction with Shareholder letter 45 days ago..
http://www. globetel. net/about/letter033106.html
GlobeTel VoIP Division - StrateVoIP Okay, no doubt your initial reaction to any VoIP telephone service is: so what? You know about VoIP via Skype. You know about VoIP via Vonage. But, you have to know about VoIP via GlobeTel in order to really understand how exceptionally insightful the engineers at our company can be about what others might view as a commodity telephony market. At GlobeTel, our amazing VoIP team has cunningly focused its platforms, its marketing, its pricing and its quality voice services on narrowly-defined, niche, “ethnic” markets (eth – nick. adj. Of, or relating to, a sizeable group of people sharing a common and distinctive national, religious, linguistic, racial or cultural heritage.) The first of these highly targeted VoIP initiatives is focused on such an ethnic minority community based in our home state: Brazilians living in Florida with many relatives in Rio and Sao Paolo. At the moment, the costs of telephone calls between Florida and Brazil, and between Brazil and Florida are (i) hugely expensive using their incumbent carriers or (ii) neither user-friendly nor ethnically-friendly when using other VoIP providers.
Our approach is to tailor our services to meet the special needs of these special communities who reside in large numbers throughout the United States. In particular, in our first Portuguese-language-focused VoIP roll-out, we will very soon be able to provide Portuguese speakers in Florida and in Brazil with a “local telephone number” which, using our highly proprietary, in-house developed platform, will make it possible for a nephew in Rio to call an uncle in Ft. Lauderdale by dialing a local Rio number, as if the uncle lived across the street. Likewise, for the uncle in Ft. Lauderdale, he will now be able to dial a local Ft. Lauderdale number in order to speak to his grandson in Sao Paolo, etc. And, this will all be achieved at a small fraction of the cost of the available alternatives.
Our GlobeTel VoIP Division, operating under the dazzling technical and commercial insights of its President, Dan Erdberg, has developed two “ethnic portals” on the internet which will allow customers in both Brazil and in the U.S. to quickly, easily and cheaply become GlobeTel VoIP customers in a matter of minutes using our web-based, interactive technology which makes the sign-up process a snap and the user-friendliness unprecedented.
The objective for our VoIP Division for the remainder of this year and into the next will be to create a network of such platforms which are intertwined through our proprietary VoIP system, giving users expanded reach to both members and non-members of their ethnic communities around the world. Simultaneous with these initiatives, which we anticipate will produce a Divisional breakeven in the third quarter and significant profit in the fourth quarter, the Division is also working aggressively to integrate its unique technologies into the Hotzoneä Wireless system which will add a multitude of new applications and opportunities as GlobeTel Wireless rolls out its wireless networks around the world. This represents another strand in the ultimate Super-Hub strategy, while creating significant stand-alone profitability in the meantime.
DonG - GTE just started bring products to market. Please provide a link to your comments about "some" criticizing the CEO's "marketing acumen" or provide some specific examples.
This poster is providing some very good technical explanations over at Yahoo (and ripping the bashers' arguments to shreds):
Re: What does VOIP stand for, idiots...
by: mr_schnizzle
Long-Term Sentiment: Strong Buy 05/15/06 12:21 pm
Msg: 209024 of 209052
The Internet is transparent to the End User. The End User keeps their existing analogue telephone. Inside the GTE network there is a device known as a Media Gateway - which provides the analogue (PSTN) to Internet conversion and adaptation...to VoIP. Therefore the End User does NOT need a PC or CPE. If you did your DD you would know this!
Re: What does VOIP stand for, idiots...
by: mr_schnizzle 05/15/06 12:32 pm
Msg: 209045 of 209050
Any Telco - evolving from 'old' PSTN architecture to new 3G architecture will be deploying MGW and Softswitch technology - look at Cisco, Lucent, Ericsson, Nokia, they all build the kit. Globetel will terminate the analogue calls locally and route the 'expensive' distance piece back through Centreline - watch the profits soar. GTE's killer application will be Hotzone coupled with Stratellite - providing the perfect 'last mile' in house solution
Correction: Mide, you have a little over one month to vent in person re the Russian deal. You have made yourself very clear and am sure you will do so at the shm. In the meantime, I'm excited about the increase in Centerline profits/margins, the new switch in Florida, the Latin American roll-out of stratevoip this month, magic card in India in 6 weeks (both stratevoip & magic cards to be generating profits in the 3Q), the high-alitiude testing of Sanswire II, and learning about the governmental and private parties (besides Colombia) who have expressed an interest in the stratellite. I did not buy this stock for the Russian deal.
Please remove previous post (not awake yet!)
Nowisthetime, check the 10K re a contract with Colombia for delivery of stratellites in '07.
Fortune, not only will the share price recover with all of the progress being made by the company, the cases will go nowhere because they have no merit. As GTE's general counsel told one shareholder last week, GTE has a voluminous paper record of the Russian transaction. And, don't forget, our Moscow attorneys are considered among the best in the world.
I have never seen a lawsuit based on one writer's hit piece(and I use the term writer loosely) in which he conjectures about the existence of an entity, and in that single hatchet job provides absolutely no proof to support his imaginings, such that he doesn't even assert that it is true - and yet the various lawsuit complaints quote it (the conclusion that there is no Russian partner) as fact.
GTE's pps suffered on April 11th because of the hit piece and because the shorters knew it was coming and pressured the stock down even more - before and after it was published. The subsequent lawsuit, brought in another attempt to further bring the price down as some of the lawyers you questioned indicated to be the case, is just more of the same. Shareholders are not being fooled by these well orchestrated attempts against GTE. It's not the first time such tactics have been tried against an up-and-coming company, and, as in many other cases, they will not succeed.
Too bad some slimy shorters and their very dishonest associates will make lots of money in the attempt, though.
Good find. Why not? The Russian deal, while disappointing, increased awareness of what GTE had to offer and created opportunities for GTE which it did not have before, according to GTE's general counsel, who spoke with a shareholder last week. Leinwand also indicated the Russian deal could be resurrected in some form.
Pit, I talked to Rob about that very subject and he didn't boldly state anything like that. He told me he was waiting on an update from Bob Jones to update the Sanswire website; he did not give me an exact date. Since then the sh#$# has hit the fan with these phony lawsuits and now he's probably mired down working on the 1Q earnings report. We should get an update then.
Craigba, why don't you ask him yourself? Others at RB consider him reliable. You do not know from this message whether he had a meeting set up in advance or what his relationship with Leinwand is. I and others have called and spoken personally to Bleckman: he actually picks up the phone if he's available and I know other shareholders who have personally spoken w/Huff, Bleckman, Leinwand, etc. I have spoken to Leinwand's legal assistant myself, who returned my call. Again, go over to RB and ask him for more details if you question his comments, but from my understanding he's an older gentleman who lives close to GTE headquarters and has been there before. Check out all of his posts over at RB.
Transat - he's from RB. Here's the post. And you can check out all of his posts over at the RB board. According to someone here, he lives very close to GTE headquarters and has been there on more than one occasion. Why don't you post a message to him yourself. He will respond.
By: raphael1248
11 May 2006, 01:22 PM EDT
Msg. 182511 of 182958
Jump to msg. #
Report of visit to GTE today:
I dropped by to visit our folks at GTE HQ and learned the following from corporate counsel Johnathan Leinwand:
A. They are still functioning in the 1st-floor offices, the move upstairs has been delayed. He stated that the delay has been caused by the City of Pembroke Pines dragging their feet in issuing a Certificate of Occupancy.
B. Robert Bleckman does not operate from HQ (he is in Texas). (We knew that, but can only wonder why).
C. The profitability of Centerline will carry the company forward for the foreseeable future with respect to cash-flow requirements.
D. The Stratellite is on-track for a testing at 45,000 feet by end-June.
E. The target date (Sept. 30) for the first wireless city is on-track and expected to be met.
F. Every aspect of the company is doing well ("firing on all cylinders" was his term).
G. In the future, Letters Of Intent will no longer be publicized until definitive contracts are signed and money changes hands.
H. The Russian deal lawsuits will be dealt with expeditiously without distraction to management, that the seriousness of the deal is backed up by a voluminous paper trail, and that the publicity caused by the deal, even though it failed, generated many new avenues of potential business for GTE. And, he seemed to indicate, the deal could be resurrected as well.
Mr. Leinwand seemed extremely optimistic about the future of the company and was quite open and frank in our discussions, some of which are not mentioned above. In fact, my impression was one of greater optimism than when we last met a few months ago. When I kidded him a little bit about security measures (to deal with irate shareholders) to be taken at the upcoming annual shareholders meeting, he immediately responded with the comment that there may very well be a lot of smiles in the audience, seeming to imply that a major piece of real, positive, news could be in the offing.
All in all, my visit was worthwhile and raised my spirits a notch or two.
- - - - -
Techisbest, you are repeating yourself. GTE's general counsel told a shareholder yesterday GTE's stratellite is on track for a high altitude flight in June at 45,000 feet, and Huff reiterated in a pr yesterday that GTE is confident all short term goals will be met (which include a high altitude test of significant height by the end of June).
Doc, they have responded. Re-read the pr re the Sarraf Gentile lawsuit. Nilremerlin has pointed out that there are only 2 lawsuits with one plaintiff, and these crooks are joining up with their buddies, issuing deceptive press releases to make it look like there are more.
What good would it do to release another pr responding to the 2nd lawsuit which repeats the bogus claims of the 1st? And if GTE is in the quiet period before its earning's announcement, I'm not sure what they can publicize at this point.
So what? The Milberg Weiss firm (latest to sue GTE with no lead plaintiff) is a high profile firm too, one of the biggest class-action firms, and they are in big trouble:
Location: Blogs Bob O'Brien's Sanity Check Blog
Posted by: bobo 4/29/2006
Weekend update:
Milberg Weiss is about to have a harder time of it, methinks. In a NY Times article today, a guy who turns out to be a professional plaintiff admitted to taking cash in exchange for acting as the aggrieved party in many of Milberg’s suits.
“The New York Times Company
April 29, 2006
Case Turns Toward Law Firm
By JULIE CRESWELL
A six-year investigation into whether lawyers at the influential securities class-action law firm of Milberg Weiss Bershad & Schulman used illegal tactics took a significant turn yesterday after a retired real estate mortgage broker agreed to plead guilty and cooperate in the investigation.
The broker, Howard J. Vogel of Englewood, N.J., and Florida, received nearly $2.5 million in kickbacks from lawyers inside Milberg Weiss for agreeing to be, or having a family member agree to be, the lead plaintiff in 40 cases, including lawsuits against Oxford Health Plans and Barnesandnoble.com, prosecutors contend.
According to papers filed yesterday in Federal District Court in Los Angeles, Mr. Vogel has agreed to plead guilty to a criminal charge that he provided false information about his role in dozens of securities lawsuits filed by a "New York law firm" from 1991 to as recently as May 2005.
A spokeswoman for Milberg Weiss confirmed that it was the firm referred to in the plea agreement.
Mr. Vogel's testimony could prove crucial in building a case against partners inside Milberg Weiss as well as the firm itself.”
That is illegal, and a huge no-no from an ethical standpoint.
It also makes me wonder over the fallout from the revelation – what does that do to the suits filed against companies under false pretenses? What about the settlements collected in those suits? What about the ongoing actions? If this guy was acting as a pretense for ambulance chasers to sue, that means that their business model was to pick targets, contrive a case using their pet plaintiff, and then sue, hoping the company would settle.
Very, very scummy, and obviously only the first shoe to drop.
If they were doing stuff like that, what are the odds that they also filed suits solely to move stock prices for their hedge fund buddies?
Milberg has sued many of Rocker Partners’ known short positions, which is sort of fun – apparently they are the preferred, go-to guys for those poor shareholders (who it now turns out are paid flim-flam men) who feel aggrieved when the stock goes down, usually due to a hatchet job written by one of a handful of journalists, immediately followed by an SEC inquiry (wanna bet those are initiated by the same one or two guys?).
What a small world it is. NFI is currently involved in a class action where Milberg had a suit ready to file within 24 hours of a WSJ story which Rocker Partners was lucky enough to have gotten in front of with many millions worth of puts, due to expire within weeks of their purchase dates. Rocker made a small fortune from that. The world is filled with marvelous, and highly profitable for some hedge funds, coincidences, is it not?
I believe that they also sued known Rocker short TASR, and ACAS, and ALD, and KKD…the list goes on and on.
And now, apparently, they are being revealed to be lying, cheating scumbags?
What a complete surprise. Say it isn’t so.
Milberg Weiss - here they are - lying cheats?:
Location: Blogs Bob O'Brien's Sanity Check Blog
Posted by: bobo 4/29/2006
Weekend update:
Milberg Weiss is about to have a harder time of it, methinks. In a NY Times article today, a guy who turns out to be a professional plaintiff admitted to taking cash in exchange for acting as the aggrieved party in many of Milberg’s suits.
“The New York Times Company
April 29, 2006
Case Turns Toward Law Firm
By JULIE CRESWELL
A six-year investigation into whether lawyers at the influential securities class-action law firm of Milberg Weiss Bershad & Schulman used illegal tactics took a significant turn yesterday after a retired real estate mortgage broker agreed to plead guilty and cooperate in the investigation.
The broker, Howard J. Vogel of Englewood, N.J., and Florida, received nearly $2.5 million in kickbacks from lawyers inside Milberg Weiss for agreeing to be, or having a family member agree to be, the lead plaintiff in 40 cases, including lawsuits against Oxford Health Plans and Barnesandnoble.com, prosecutors contend.
According to papers filed yesterday in Federal District Court in Los Angeles, Mr. Vogel has agreed to plead guilty to a criminal charge that he provided false information about his role in dozens of securities lawsuits filed by a "New York law firm" from 1991 to as recently as May 2005.
A spokeswoman for Milberg Weiss confirmed that it was the firm referred to in the plea agreement.
Mr. Vogel's testimony could prove crucial in building a case against partners inside Milberg Weiss as well as the firm itself.”
That is illegal, and a huge no-no from an ethical standpoint.
It also makes me wonder over the fallout from the revelation – what does that do to the suits filed against companies under false pretenses? What about the settlements collected in those suits? What about the ongoing actions? If this guy was acting as a pretense for ambulance chasers to sue, that means that their business model was to pick targets, contrive a case using their pet plaintiff, and then sue, hoping the company would settle.
Very, very scummy, and obviously only the first shoe to drop.
If they were doing stuff like that, what are the odds that they also filed suits solely to move stock prices for their hedge fund buddies?
Milberg has sued many of Rocker Partners’ known short positions, which is sort of fun – apparently they are the preferred, go-to guys for those poor shareholders (who it now turns out are paid flim-flam men) who feel aggrieved when the stock goes down, usually due to a hatchet job written by one of a handful of journalists, immediately followed by an SEC inquiry (wanna bet those are initiated by the same one or two guys?).
What a small world it is. NFI is currently involved in a class action where Milberg had a suit ready to file within 24 hours of a WSJ story which Rocker Partners was lucky enough to have gotten in front of with many millions worth of puts, due to expire within weeks of their purchase dates. Rocker made a small fortune from that. The world is filled with marvelous, and highly profitable for some hedge funds, coincidences, is it not?
I believe that they also sued known Rocker short TASR, and ACAS, and ALD, and KKD…the list goes on and on.
And now, apparently, they are being revealed to be lying, cheating scumbags?
What a complete surprise. Say it isn’t so.
Correction: Housedad, you don't make sense to me. On one hand you say Bleckman and Huff were meeting today and you can't say why, and then you provide all sorts of details about a new, U.S.-based wireless contract and suggest they better not screw it up. Huff would not be meeting with Bleckman to disucss this "contract" unless it were a done deal and they were working on a pr. Or did Bleckman switch roles?
Please delete previous post.
Justfrank, I won't click on to his site. Can you post it?
I have to disagree with you on one point. I have never seen such bogus lawsuits, based on "non-facts" taken from the tabloid press (including stating as a factual basis for the lawsuit facts never stated in one of those articles) and/or one poorly translated hearsay foreign news article, lawsuits brought by lawyers who know each other and can't scrape together a lead plaintiff without advertising for one.
Housedad - now would be a great day to share that information!
I got your point, but wanted to clarify one of your comments.
That law firm did not research anything. Their "research" consisted of quoting a bad translation of a Russian news article based on hearsay from an unidentified person.
Re: Caterham Agreement From Rocky
by: pszme (42/M/Atlanta)
Long-Term Sentiment: Buy 05/10/06 10:44 am
Msg: 202153 of 202169
This is in response to those that say nothing can be found on this Company? Does Caterham still have 50%+1 voting rights? No, that ended April 30th, 2005, they have one vote per common like you and I. They converted Pref. B shares to
12,931,334 common at year end 2005. 1st qtr filing should indicate the amount they have sold, if any.
(below in one of Caterhams Investments)
______________________________________________________
Caterham is a 5%+ stockholder in MNI SA, formerly known as Szeptel SA. MNI SA is traded on Warsaw exchange.
http://www.mni.pl/akcjonariat_a.asp
Quote/exchange Link
http://gielda.onet.pl/0,621,spolki.html
Who is MNI SA?
http://www.mni.pl/hist_a.asp
MNI recently bought the shares of Pilicka Telefonia
http://pilicka.net.pl/
SZEPTEL S.A. originated in 1992 as one of the first independent operator of telecommunication in Poland, which concentrated on the development of telecommunication service on the area of the old Lomza province. In the time of its action, SZEPTEL S.A. obtained the licences and the permissions which made it possible to create national and international transmission network, transmission of data in national and international relationship and to provide the internet service. Since 2002 SZEPTEL offers the voice service in its network and since 2003 international voice service. The introduction of SZEPTEL as the first company in the telecommunication line on Warsaw Stock Exchange caused a very quick development of its activities and as a result of gradual capitalization, it started the project of building the all-Poland fibre optic network and the programme of further expansion of local network with accompany of technical infrastructure.
After 10 years from the begining, SZEPTEL is the fifth, in terms of height, independent telecommunication operator, with thousands of calling lines, which contains about 2.000km of phone cable network, about 400km of all-Poland fibre optic network in it, on the Warsaw-Bialystok line.
http://www.mni.pl/hist_a.asp
MNI S.A. (earlier SZEPTEL S.A.) exists as a joint-stock company, legal and organizational successor to SZEPTEL limitted liability company, registered in Regional Court in Lomza V Economic Department, in part B, number 248. On 19th April 1996 according to Vote number 3, of usual assemblies of accomplice of companies in Szepietowo from 20th February 1996 concerning the transformation of limitted liability company into joint-stock company under the Telecommunication Szeptel Company in Szepietowo, Regional Court in Lomza V Economic Department registered the change of Emitent. By the resolution of court from 11th October 1993 the company had been written in commercial register led by Regional Court in Lomza V Economic Department, in section B of commercial register under RHB248 number, as a limmited liability company. On 19th April 1996 Regional Court in Lomza V Economic Department had changed the entry about the transformation from limitted liability company into joint-stock company
http://www.mni.pl/fp_a.asp
Posted as a reply to: Msg 202094 by sixtynineisgood69
Shorts, desperate to cover, using phony
by: siriuslyricher
Long-Term Sentiment: Strong Buy 05/10/06 09:16 am
Msg: 201892 of 202151
lawsuits now. Think nobody will notice that you practically have to crawl over Shalov & Stones' desks to reach their law office buddies, Sarraf & Gentile, or that the new guys don't have any facts or a lead plaintiff either, or that Scott & Scott have nothing but a bad translation of one Russian news article based on hearsay, ala S & G relying on the Fools for facts? P.S. How's the satellite TV supply business, Zach? Still trying to dig up lead plaintiffs?
By: _nilrem (RB board)
02 May 2006, 09:17 PM EDT
Msg. 176144 of 180120
Today I visited Sarraf Gentile twice. The first time was about 11:45am. Their door was locked (they occupy 2-3 back offices of the larger law firm Shalov Stone & Bonner), and no one answered when I knocked on their door (they have no bell), so I left.
Later on in the afternoon I went back, and this time their door was open, so I went in, and in the same office I was in yesterday, was the same guy at his desk, and another younger guy sitting on another desk. I asked "Is Joseph Gentile here?", upon which the younger guy hopped off his desk and walked toward me, saying "Come here". So I followed him out of the room into the hallway and out the exit, thinking he was leading me to Joseph Gentile in another office across the hall at Shalov Stone & Bonner.
He proceeded to go back in, locking the door behind him, rudely saying "Make an appointment, like a normal person!", and walked out of sight, leaving me by the elevators.
Posted by: justfrank (ihub board)
In reply to: None Date:5/6/2006 10:55:36 PM
Post #of 25447
I can't help but come to the conclusion that there has to be something lost in translation somewhere.
I translated
http://www.vedomosti.ru/newspaper/article.shtml?2006/05/06/106319
on another site
Note the diferences intranslations
Using http://www.systransoft.com/index.html
According to the data of federal tax service, [OOO] “Of [internafta]” with regulation capital into 10 000 rub. the citizen of Russia founded. Company was registered on November 30,2005.
Using http://www.online-translator.com/
According to Federal tax service, with the authorized capital in 10 000 rbl. has founded Open Company " Eioa?iaooa " the citizen of Russia. Niether one of those lead me to make the assumption that Internafta has only $369 in Charter Capital. Both those translations read to me as that they paid the 10,000 rubles ($369) to register the company.
Something just isn't right
MOSCOW (Dow Jones)--Russian company Internafta, which defaulted on a $600 million deal with U.S. company GlobeTel (GTE), has only $369 in charter capital, Vedomosti newspaper reported Saturday, citing tax authorities.
The paper also said the address which the Federal Tax Service gave for the company contains only a warehouse of metal-producing company Metalloinvest-Market - which claims to never have heard of Internafta or its managers, chief executive Yevgeni Yevtukhov and founder Maksim Chernizov.
Professional? Shalov & Stone share offices with Sarraf & Gentile and their buddies have no facts and no lead plaintiff either, and Scott & Scott's big revealation is based on a bad translation of one Russian news article based on hearsay. Note: that article clearly states the 10,000 rubles was for a registration fee, not capital as the incorrect translation suggests.
Lowtrade, you are forgetting the March 17th pr: contract payments to be re-negotiated AFTER bank expert review, a process which did not even begin until the next week and which required GTE to provide a more detailed business plan to the bank, etc. This totally negates your March 20th date and your whole theory.