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The fact that it turned out to be right does not mean that at the time it is not hype. Had LoneEagle substantiated his claim of "PR on Tuesday" by actually telling why he thought so or some kind of evidence I think it would be differt.
If we follow your rule I can make one post for each day of the coming year saying "PR coming this day" and the moderators (who were right in deleting LoneEagle's post) could not delete because they might turn out to be correct.
I will repeat my question again to LoneEagle. Please elaborate on your DD method or indicators so that you can be validated.
What I got from Vern's postings last week was that you are an insider of the company. If not legally an 'insider' by definition of the SEC then just an employee of the company.
Please clarify exactly what kind of magic DD got you this information. Do you monitor their phone lines or something?
>>numbers will be in a filing.
One would hope so. I await that filing.
After the sale of MagicMoney had such a creatively worded agreement I would certainly wait to see the details of the JV before counting chickens.
Why can GTEM NEVER GIVE NUMBERS???? What happened to the prepayment of the $2mm installation fee?
This is good news, but why must GTEM's good news continually be marred by uncertainty.
>> I also doubt any employee would be working today for shares of stock instead of a paycheck.
How about just not paying them at all? I believe someone here called the lawyer in Germany handling the affairs of the wireless division there and was told that GTEM had not paid the employees there for several weeks. I can't remember who did it, perhaps it was JimProfit? He has usually been good at German DD.
I'll leave this as an 'unconfirmed' since I didn't find/confirm it myself.
>>Yes, we will see but isnt it amazing that a company that you and others claim is in such sad shape still is operating? Where are they getting their money?
Let's just say I anticipate that things are going to be very interesting in March. It's all in the SEC filings.
That would certainly make recovery much easier!
>>Tradeforyourlife: You would be drop dead flabbergasted if you knew how many GTEM people are posting on these boards.
If what you say is true then I certainly would be flabbergasted. To me that seems like a horrible lack of internal corporate controls on the part of GTEM. This is not 1 guy out of 20,000 who works at MSFT writing on a blog. When you only have a handful of employees who are highly likely to come into contact with material, non-public info on a regular basis due to position overlap how can you not have an enforced policy on message board posting???? Baffling.
I would hope for the sake of the company that you are wrong Vern.
>>Don't ask me how I know. I could tell you, but then....you know.
I am always amazed at the high percentage of posters on this board who somehow have inside tracks to all pertinent information regarding the company.
We have those with the hotline to Bleckman, former blimp insiders, people with announcement probability calculators, people with the scoop on the status of the SEC investigation, people who somehow know the status of the Mexican deal and posit the imminent release this week of news...
It just gets better and better.
Did I say embezzlement and fraud? No, because I am sure that everything they do is legal and vetted by JLeinwand himself. That doesn't make it any less shady or any less value taken from shareholders. Lol, you can forward as many of my posts to GTEM as you wish. There is nothing even close to slander there.
If GTEM has proven anything it is that they know how to operate just within the boundaries of the law and still enrich themselves. Why do you think they are so careful in their PRs to place qualifying language? Why is their legal/corporate structure so incredibly complex for a microcap company? Who is the one responsible for all the 'deals' GTEM announced but turned out to basically be transactions with related parties?
WHY DOES A <$50mm MARKET CAP COMPANY NEED IN HOUSE COUNSEL? They are not breaking new regulatory ground or anything else, yet all this is handled in house. Interesting.
Please forward on all my posts if you would like. I would love to hear their answers. Oh and I don't appreciate your attempt to intimidate me. What I wrote is not anywhere near slander. If you're suddenly holding people legally accountable for what they've written there are many, many people on this board who would be in line before me.
I would tack on the additional clause of Johnny Leinwand being ousted from his position of company counsel. He is much less visible than the upper mgmt, but he has his hand in the till just as much as the rest. Who do you think drafts up all their creative agreements/documents?
>>If you strike the parenthical verbage from Joseph's post, it reads as nothing more than the SEC responding to a complaint.
That may indeed be the case if you take out that sentence. But how exactly would you explain the incorrect case ref#? The SEC internal system can't get the case#s correct?
I think it's pretty clear what Joey was trying to do...
>>"This situation is presently being addressed".
Sounds like good ol' Joey1967 might have some interesting times ahead of him. Thanks for following up with her SAM.
I'm not so sure you want him batting for your team. It's pretty obvious that Joseph has lost a few key parts of his brain since 1967.
Joseph,
You're really funny!
Could you please post the e-mail that you received from President Bush himself telling you that GTEM has been cleared? It would be nice to know that the administration is behind Globey.
Where do you get your info? Does your last name by chance rhyme with 'Gleckman'?
Hugs,
Tradeforyourlife
I have e-mailed a copy of the e-mail response 'Joseph1967' said he received, along with a link to the IHUB message posted, back to the SEC e-mail (oiea@sec.gov) asking for confirmation that this was sent and is true.
Let's see what happens.
Good to see you Danielle. It has been a while since i've had the pleasure of reading your 'pro-forma' analysis.
>>1. "these divisions are not 'assets'"
really ????? and where did you learn accounting? Wrong again 'warren buffett junior'.....they are composed of tangible and intangible assets, along with liabilities.
You're right they are INTANGIBLE assets! Meaning that when this company is liquidated shareholders are going to get nothing from them.
Let's review shall we to see what hidden value there is there? As of 6/30/06 there was $7,283,525 of Property/Equipment on the books. MagicMoney is now gone taking with it the processing switch worth $5,267,526 as posted by Coasti. An additional $837,000 is accounted for by the telecom switch owned by Centerline.
http://www.investorshub.com/boards/read_msg.asp?message_id=16914534
So that leaves $1,178,999 on the books for hard assets left to be divided amongst the shareholders. Why don't I be optimistic and say that all the current assets are recoverable too (all the cash burn improvement must have helped right?) Yay, $6.2mm to split between everyone! Oops I forgot about liabilities and the new debt that we have outstanding from the most recent financing. I guess i'll leave those out, I mean afterall you're always saying i'm being so negative...
>>Please give us any facts to support your outlandish suggestion that GTEM has transferred its Centerline, Hotzone, VOIP, or Sanswire divisions?
First off, these divisions are not 'assets', you may like to call them that but ACTUAL accounting tells us that they are not. They are composed mainly of intangibles (as stated by Globetel itself) and that is they way in which GTEM holds them on their balance sheet.
It was my understanding the the Magic Money division shared ownership in a transaction processing switch which represented one of the only hard assets of GTEM worth approx. $5mm at purchase. I recall it was one of the 'credible' posters here that I got this tidbit from. Since MagicMoney is now gone the asset is now also gone (Gotham is not a sub of GTEM right?). That would be approximately half of the current assets of the company as reported for June 30, 2006.
Please disprove me.
>>Its well known that Globetel has questions about "continuing as a growing concern." They have since transferred the majority of the assets of their public company into a separate private company controlled by Globetel insiders through an individual that specializes in shielding assets in independent LLCs.
Exactly.
Once again in all those conversations that Sirius cites from a few months ago this is exactly what I said. I guess it just needed to come from a 'trustworthy' poster in order for people to understand the significance of this huh?
Yes, what exactly happened to her? One would think that they could have taken 20 minutes to update the GTEM website with her already available bio? Especially since she joined in November...
Didn't know all this stuff. It definitely sheds more light on the fun (and complex) web of corporations/llcs that these guys own and use to shunt the same money back and forth between them.
Coasti what website do you use to check corporate registrations, info etc.? Besides sunbiz.org that is, I already know about that one :)
>>Now we find out that the CEO of Gotham, which was created days earlier for the MagicMoney transfer, is a actually a CPA that specializes in parking assets in independant LLCs.
As I recall I brought this up when the agreement first came out, saying that GTEM was just doing business with itself again, but was basically called a 'basher' and told to stop putting a negative 'spin' on such a wonderful deal for the company.
This is the most likely reason they are requiring call-ins on trades.
http://www.techweb.com/showArticle.jhtml?articleID=196701948
They want to make sure you're not part of some Russian hacking ring pumping up pinks. This lets them voice verify and put the trades through some manual oversight rather than the auto-execute system.
They are most likely not giving you a straight answer of "we are worried that we have accounts that have been compromised (hacked)". No brokerage (most ESPECIALLY retail, discount brokers) wants that news to come out unless they are absolutely sure.
>>DECT from Blue Horizon at: http://www.bhgidev.com/html/BHGI_WI_PRODUCT_INDEX.htm
Ok. All opinions on whether GTEM is a scam or not aside. Why the hell can't they get a real web designer...It seriously looks like a 2yr old made the site and it belongs on Angelfire.
>>There are over a billion outstanding shares of Sirius and the company has yet to make a dime profit.
Sounds familiar huh? Hmmm let's see...what company had 1BILLION+ shares outstanding before a reverse split...Hmmm. Maybe you're right, GTEM is like Sirius! lol.
>>anyone that looks at the products GTEM offers that cannot see it is better than Sirius really has a problem with being very nearsighted.
Wow...
I'm very tempted to just leave it at that but I can't. When exactly was the last time that someone could confirm BUYING a GTEM product much less it being a spectacular, groundbreaking purchase?
>>You do the math and tell us why any share price projected for our company is wrong. Remember they are all guestimates and not accurate, just like many of your statements.
Inaccurate 'guesstimates' are very dangerous things to dabble in, especially when they are clearly slanted towards getting people to buy the stock.
By the way your comparison with Sirius is ridiculous. Sirius and XM are a duopoly in an industry providing completely new services. Sirius also has PAYING customers. GTEM is competing with every established wireless/telecom carrier in the world. Exactly how much do you think it would take any big telecom to pick up any of GTEM's 'revolutionary' (oooh WiMAX...)technologies? You like the others are a victim of irrational exuberance and desperation from your losses.
You're comparing AMD to Intel, when you should be comparing a used car dealer to GM.
>>I'm beginning to believe that GlobeTel has a 50/50 chance of being on the NASDAQ by the end of next year.
I would love to see some of the calculators people on this board use.
This rivals the guy who has a 'method' of computing the probability of Kostro releasing a PR on any given day.
Of course the $20 pps sh predictions are the best of all. Just to put RocketMan's predictions in some kind of non-pumper context.
As of Aug 2006 GTEM has 108,062,660 shares outstanding, as of today's close that gives GTEM a market cap of ~$46.5mm. With a $20 pps GTEM would have a market cap of $2.1 BILLION. So GTEM is going to add $2.053 billion in market cap in 3 years? Get real.
You've got a really interesting way of calculating fair value there. You just add up share price movements? No wonder you hold GTEM.
I guess after the SEC investigation and lawsuits are cleared we can add back all those cents right? Then add another 160% to the $4 pps from another blimp flight and...OMG $10.40!!!!! BUY BUY BUY!
So basically you're saying that rocket man's prediction is full of it.
>>In my very humble opinion, GTEM rising to $20 is a very conservative estimate.
What time frame do you see this being achieved in? Please elaborate on the calculations and assumptions you used to come to a target price of $20? I am interested in your reasoning given that GTEM went to a $4 a share with a $600mm dollar deal announced and a smaller share float at the time. You expect that the market will value GTEM at 5x that price without a similar deal?
Vern, given your past rate of success and your previous association with members of the company I don't think you should be telling/promising anyone that GTEM is going to be going to $20 a share and to buy on your advice.
That's just me though. You being a highly experienced corporate insider must know that already.
>>Management has nothing to do with controlling the share price.
I'm confused nilrem, I thought management made the share price go up with PRs? When will the next one come? Many thanks for your responses.
What does that have to do with the SEC....?
Last I checked you pay your taxes to the IRS.
It is the same one.
>>lowtrade: They had to balance books on this last day of the month, so perhaps that was a consideration in not letting the price run up wildly today.
are you saying that management manipulates the share price? They intentionally kept the share price low yesterday?
>>if the reason we nixed the Russian deal, is that after we crunched the numbers, we realized that we had UNDERBID the contract!!
lol....you can't be serious
>>tradefor I'm a proponent of making money.
Your investment in GTEM says otherwise. I have plenty of 'skin' in the game, just in REAL COMPANIES. lol
If GTEM decides to start behaving like a real company I will consider it for my money. Until then, it's purely an amusement stock and a lesson in what NOT to buy.
>>Whatever works for you, do it, but why advise others to just stand and watch?
It is my opinion. And it's called having a concept of risk-adjusted return.
I'm saying that when GTEM has the remaining ~$250,000 from the first network, and the $2.5mm initial payment from the 2nd network in the bank is when to celebrate.
We have seen this 'imminent success/payment/deal/contract' type of PR before. It's time for GTEM to show they can follow up rather than just let things drift along unresolved.
Is that hard to understand? Or are you still a proponent of counting your chickens before they're hatched with this company?
>>Can't wait to see some numbers,
I also can't wait to see numbers.
I agree. This is certainly good news and actually has potential for GTEM (as opposed to the usual lockheed, military contracts gibberish discussed here).
But until the SEC investigation is cleared, some 10-Qs and 10-K are filed, and cash is sitting in the bank account I don't think this stock is moving. Neither do I think it is the time to buy.
If GTEM continues to do business with real companies and actually shows results (these are yet to come) I will be the first to buy. The company still has a LONG way to go. Management's intent/records also still must be cleared, any hint of continuing dishonesty will be the sign that nothing has changed.
lmao, not bloody likely.
People here have the shortest memories I have ever seen. This is good news for sure, but I wouldn't be celebrating until you see the pesos in GTEM's treasury.
>>This arrangement that GTE has with Bleckman...responding every moment that a shareholder has a gripe or need to vent, is rather bothersome.
It was the red flag I failed to heed.
Yes it is definitely not a good thing when a company communicates with a minority of shareholders through unofficial channels. I also see this as one of the most shady things regarding this company. When IR communicates info which is borderline material in this fashion it indicates strange things, at the very least a lack of sound corporate policy regarding information dissemination.