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coastiretired:“Reporting Revenue Gross as a Principal versus Net as an Agent” (“EITF 99-19”)"
Someone at Centerline knew about this back in early December when I called them and they explained it to me. Not one person picked up on it on this board. My Post:
"I posted some questions yesterday and made some calls. After I found out a few things, I feel this company is not even worth bashing. Maybe I misunderstood this company and the revenue from Centerline. I was under the assumption the 70+ million in revenue was from sales of THIER wholesale selling of prepaid minutes, it is not. While I won't elaborate any further, as I did not speak to someone with authority, and maybe most here knew this."
This was very deceiving to shareholders to show total income from all sources as a third party involved.
http://www.investorshub.com/boards/read_msg.asp?message_id=15297220
Crash: "It was an inside set-up on Huff"
I have been saying that right along. I only hope the SEC gets the crooks and Huff is the informer for the justice department.
http://www.investorshub.com/boards/read_msg.asp?Message_id=19416330&txt2find=huff
REMEMBER THIS POST!
Vern, if what you say is true how do you explain this, see bold.
Was this a scam from the start? Did they have a quarter-scale model at that time?
Posted by: rocky301
In reply to: None Date: 4/16/2004 4:59:44 PM
Post #of 79498
Good article from poster wind-up on RB,
"If we're successful, in 15 years, you might not see any cell towers," said Michael Molen, CEO of Atlanta-area start-up Sanswire Technologies Inc.
Recently sold to Miami's GlobeTel Communications, the company wants to send airships 65,000 feet in the air to provide wireless phone service, high-definition television signals and Internet access. A test flight of a quarter-scale model, at 10,000 feet, is set for May, according to Molen.
In England, a public-private consortium—including British Telecom—is funding a nearly $7 million research and development effort to bring broadband Internet access to travelers and rural homes by airship or by solar-powered, ultralight planes.
Chicago Tribune ...
Defense contractors rev up for megablimps
April 17, 2004
By Noah Shachtman
Special to the Tribune
Published April 17, 2004
The old blimp-building airdock in Akron hasn't been on the cutting edge of much of anything for almost 70 years. But that may be about to change.
In the early 1930s, Goodyear Co. used the nearly 1,200-foot-long, 325-foot-wide hangar to house a set of zeppelins designed to launch an era in lighter-than-air transport.
A series of horrific crashes put those dreams to rest. Over the years, airships became little more than advertising vehicles at sporting events. Now the Pentagon has become fascinated with potential new uses for blimps—to spy on potential adversaries, transmit conversations and maybe even haul helicopters or Humvees one day.
That's given the Akron airdock, now owned by Lockheed Martin Corp., a new mission. The massive hangar is being used to put together a tethered blimp for the U.S. Army in Iraq. By June, it will be keeping watch over western Baghdad from 2,500 feet and relaying commanders' orders and insurgents' coordinates to troops in the field.
Generals aren't the only ones interested in airships, however.
Thanks to tougher fabrics, more efficient solar panels, and longer-lasting batteries and fuel cells, blimps can now hover over an area for months at a time. That durability could allow airships to essentially act as cell towers or wireless Internet hot spots—ones that sit thousands of feet up in the sky.
"If we're successful, in 15 years, you might not see any cell towers," said Michael Molen, CEO of Atlanta-area start-up Sanswire Technologies Inc.
Recently sold to Miami's GlobeTel Communications, the company wants to send airships 65,000 feet in the air to provide wireless phone service, high-definition television signals and Internet access. A test flight of a quarter-scale model, at 10,000 feet, is set for May, according to Molen.
Telecom analysts think Molen's boast is over-the-top, at best.
"The blimp idea is pretty far-fetched," said Tim Bajarin, president of Creative Strategies, a Campbell, Calif., consultancy. Companies have been flirting with the idea of broadband blimps for years, he notes, without much to show for it.
There's an undeniable logic to such projects, however. It currently costs $25 million or so to put a satellite with a 1,000-pound payload into space. Sending a dirigible up a few miles into the air should cost a fraction of that.
But after the dot-com and telecom collapse, there just wasn't the money to do the development work needed for such a system. A "wait-and-see" attitude took hold.
"There do appear to be significant opportunities in the commercial world," said Ron Browning, a business development director at Lockheed Martin Maritime Systems & Sensors in Akron. "But they want to see this thing operate before they'll commit any significant expenditures."
A number of efforts from the U.S. Defense Department—and from foreign governments as well—could provide the examples the business world needs.
For now, most military blimps are on surveillance duty. Helium gas, not engine fuel, keeps airships aloft. They can stay above a target for days and days—something not even the pilotless spy planes like Predator and Global Hawk can do.
For years, Army blimps have kept a lookout for drug runners in the Florida Straits, for example. The Defense Department is beginning research into a dirigible that can keep watch over an entire city for as long as a year.
But airships also are starting to take on a new task: communications.
"There are already all these sensors. If I can put on a transponder or two, I get a poor man's communications satellite," said Ron Hochstetler, a systems engineer with the San Diego-based defense contractor Science Applications International Corp.
In addition to providing pictures from infrared sensors and ultra-sensitive cameras, the tethered airship from Akron will give soldiers in Iraq a wireless network they can tap into. Soldiers in the streets of western Baghdad should be able to trade video and data up to 12 megabits per second.
That's about the same as the Wi-Fi access latte-drinkers get sitting at Starbucks.
But the airship has a weakness. It sits at about 2,500 feet—well within machine gun range. So a team of soldiers will have to protect the blimp, an Army source said.
A V-shaped dirigible, being planned by the Air Force Space Command, shouldn't have that problem. Designed to fly nearly 20 miles up, close to the edge of space, it would be far beyond the range of any insurgent, according to Maj. Bob Blackington.
Tests for a prototype are scheduled for June at Ft. Stockton, Texas.
Reaching such heights with an airship is only thinkable because of new, rugged lightweight materials that can withstand the pressures of the upper atmosphere. Take the Vectran composite fiber, for example. Used in ship's sails, it's about as tough as Kevlar—the stuff bulletproof vests are made of.
But Vectran is hundreds of times more flexible, helping an airship cope with the rigors of shifting pressures of the skies.
Most high-altitude airship plans count on the sun's rays for power.
The drastic improvements in solar cell weight and efficiency in recent years help make those plans more feasible.
Traditionally, solar cells have been backed with steel. New, silicon-backed models have improved watts per kilogram by threefold or fourfold. And researchers in the field think improvements of another 300 percent aren't out of the question.
All these upgrades—and more—Lockheed hopes to put on display in 2006, when it test-flies a prototype of the gargantuan High Altitude Airship. Twenty-five times the size of the Goodyear blimp, and funded with $40 million from the Missile Defense Agency, the craft is the highest-profile effort of the Pentagon's lighter-than-air projects.
The idea is for the HAA to eventually spot a missile attack from 350 miles away.
But, in a sense, the Akron airdock-built HAA is more a proof that some of the stickier problems in lighter-than-air travel can be unglued.
"The anticipation is out there that if it works well enough, a lot of companies are going to say, 'This is great. I'll order 20,'" Hochstetler said.
The helium gas inside a blimp can expand by more than fifteen times as it moves up through the skies.
How do designers plan for that?
First, the airship's massive size can account for all that extra girth, said HAA's technical director, Stavros Androulakakis.
Second, they keep the HAA's balloon filled mostly with air when the craft is close to the ground. As it rises, air is forced out. Helium from five small inner balloons takes its place.
Japan's National Aerospace Laboratory is taking a similar approach with its own dirigible project. Last summer, the lab sent a 150-foot airship into the stratosphere—one of the first times a lighter-than-air craft has reached such heights.
The launch was the latest in a series of government tests designed to culminate in a solar-powered blimp that will serve as an observation and telecom platform at 70,000 feet. The airship is expected to be ready for liftoff in 2006—around the same time as the HAA—according to George Spyrou, a consulting engineer on the project.
In England, a public-private consortium—including British Telecom—is funding a nearly $7 million research and development effort to bring broadband Internet access to travelers and rural homes by airship or by solar-powered, ultralight planes.
"There are lots of places that would like to be able to pass large amounts of data back and forth, but they don't always have the network to tap into," said Gregory Gottlieb, the managing director of the British aerospace consultancy Charles Ross Associates.
"Airships are a way to deliver a sophisticated broadband network at a manageable price."
Gottlieb cautions that such projects are still in their infancy.
But even if just a few of these experiments work as planned, the old airdock at Akron could become quite a busy place.
Copyright © 2004, Chicago Tribune
http://www.investorshub.com/boards/read_msg.asp?message_id=2870896
Thanks for the heads up.
Nerd, just what were your past expectations and why. What are your future expectations? TIA
jfburk, finally a good realistic summery. Nice post.
Here is proof Rob reads or gets his information from this board and acts like he is on top of it when he is not and misinforms shareholders.
On 5-30-07, Two different links (msg# 76531 and msg# 76553) with this mentioned: "So nice to see honest, hard-working companies committed to developing the Russian WiMAX market, instead of cheap fly-by-night shysters like GlobeTel."
Someone on Ihub posted this:
I do know that GlobeTel's lawyers were all over the article....as per Rob.
http://www.investorshub.com/boards/read_msg.asp?message_id=20051729
The message degrading Globetel was removed on those two links.
I didn't post the third link just to see how competent Rob and the GTEM lawyers are and how much they really look into things.
If Rob and the lawyers were all over the article why is it this one still reads:
http://voipforsmb.tmcnet.com/news/2007/05/30/148305.htm includes:
So nice to see honest, hard-working companies committed to developing the Russian WiMAX market, instead of cheap fly-by-night shysters like GlobeTel.
http://www.tmcnet.com/news/2007/05/30/2671537.htm Pun on GTEM removed.
http://blog.tmcnet.com/telecom-crm/2007/05/30/crm-and-voip-enforta-wimax-microsoft-crm-tec-report-on.... Pun on GTEM removed.
I have to ask myself. Is this company really capable of doing a government a job where the security of this country could be at stake?
rocket, if you check here you will see there is no link showing Doug Murch's biography. Could that be a hint he's gone or was it never updated?
http://www.sanswire.com/about-management.htm
justfrank, we both have differing opinions.
you say: "You pay to prevent it from being seized, not have your property taken then pay."
That is what should be done before or during the court hearing.
I say: If the court issued a judgement for the sheriffs to seize the property, the payment was made to get the seized property back.
Either way Globetel never addressed the issue.
End of topic on my part.
I don't remember Globetel issuing any report that Michel Sands was paid off before Sanswire was seized. I know Sands did say he got paid, and would assume it was after the order to seize it. I liken it to be the same as if your house was ordered seized for non payment of taxes, you paid what was owed. Why did you pay it?
http://airshipworld.blogspot.com/2007/04/la-county-sheriffs-to-levy-and-seize.html
For the same reason the Los Angeles County Sheriffs seized the assets of Sanswire Networks in the State of California for Michael Sands. Because the dept is owed in California.
Vern:"Thank goodness that GTEM doesn't have problems like Tyco."
Never happen, Globetel don't have a 30 story building. They don't have a building period.
Serious1, thank you for the update, hopefully we will all know the true facts about everything soon.
Sirious1, Have you ever given an update on this. The last I heard you were going to talk to your uncle and give the board more information:
OK Doc this is for you, My dad was talking to my uncle in Mexico he said that he went to a meeting in Pachuca, State of Hidalgo, Mexico he had been there last year for the same annual meeting and could not get a good connection to the internet very and I mean very slow connection.
Ok this is the best part this time he went and he said he could not believe the speed at which he could connect. He told my dad that "250,000 in three years my butt" and I quote he said that will easily be met in the first 6 months or less. My cousins love the speed and businesses are very happy with the speed. And yes for all the bashers they were connected by No Mas Cables de Mexico.
Nerd, that makes sense. Should Globetel be placed in receivership, who would be in first in line for the assets. Who will retain possession of the Hotzone equipment?
And Nerd, who would have known better then Kostro and Caterham Financial Management.
Here is a better one,a company who received a 700,000,000 verdict against naked shorter's, now the SEC wants to place them in Receivership. They are trying to sue the SEC. To try to keep this on topic, let's hope the Sec does not do the same to Globetel.
Good read links:
http://www.usxp.com/companies/universal/pr/pr.asp?prtitle=Universal+Express+Responds+to+SEC+Request
http://www.usxp.com/NewYorkTime.pdf
I did provide links about Khoury on this post. Since that time apparently it was edited for some reason.
Posted by: followingte
In reply to: None Date:4/7/2007 3:09:21 PM
Post #of 78563
Peter Khoury, had ties with Globetel in the past.
Globe Tel - US/Miami
April 2003: ICS has been appointed by the executive board of GlobeTel to provide board support and strategy for the organization. The initiatives will assess the current capability of GlobeTel and look to position the organization within global communications market with recommendations of market entry and products and services.
http://www.ics-uk.com/ICS/English/News%20Latest/englishNewsApr03.htm
http://www.zoominfo.com/Search/PersonDetail.aspx?PersonID=53281290
His company didn't do a good job the first time.
http://www.investorshub.com/boards/read_msg.asp?message_id=18560205
Risk...why bother, he never listened to you before when you have been right all along.
What you have with this new management is an Interim COB born in a Communist country with close ties to Russia, who is director of Caterham Financial Management, a Malaysian company.
(Malaysian is a financial and planning center for the region's main al-Qaeda-linked terrorist network.)
A Interim CEO hand picked by the director, I'm pretty sure, an Arab, who previously worked as a consultant for Globetel.
Neither one resides in the US and they have a cyber office.
If I had a choice, I'd take Tim Huff, I trust him more. At least there would be some price movement. I definitely wouldn't put my confidence in this Interim management team.
I am pretty sure, even if Globetel goes BK (I haven’t heard that it wasn’t possible) before the Trident Warrior '08 Demo,, there is still Trimax Wireless who can make it.
http://www.investorshub.com/boards/read_msg.asp?message_id=20752928
Sirius,"demos done in front of the U.S. military and dozens of other entities from this country and elsewhere, is somehow a bad thing. Hilarious."
While you may care about how successful the company is and may have an interest in such things as increased salaries for the exec. Many others on this board are more concerned about their investment's success, the "pretty sure successful demo" did nothing to increase the share price.
With Douglas Murch, President, Sanswire Barry Reed, Sanswire's Senior Flight Test Engineer setting up the CWID trials most of the month of June, I'm pretty sure, there couldn't have been much happening there lately.
Looks like they are finally putting everything together. Good opportunities coming for day traders and possibly longs. Now all we need to see some solid contracts and money.
Now here are facts, Reassuring words from Rob: "We're pretty sure we made a good impression...."
Not absolutely,not positively,not definitely but pretty sure.
(I am pretty sure I hit the lottery yesterday,I can't say for sure.)
"As for Anywhere Caller being a continuing product, I haven't heard that it wasn't. I would think it would be a good idea for MetroTel to sell the product in their stores...."
That is a real confidence builder, when the IR spokesperson doesn't know if it's companies product is still working but avoids a direct answer to tell you he hadn't heard it wasn't. Maybe no one told him MetroTel is now Voyager Communications.
....Or just maybe he is not in the loop of things........
http://www.investorshub.com/boards/read_msg.asp?message_id=20752928
Nerd, I am trying to scare people out of their shares about as much as you are trying to convince people to purchase shares. You see a lot of good in this company and I don't see it. The purpose of this board is to share thoughts and opinions both pro or con.
I even showed enough respect to you by not responding to your post last week:
http://www.investorshub.com/boards/read_msg.asp?message_id=20565898
"I know the bashers will go back into the past and talk about all the agreements that didn't happen, but you can't point out one that new management signed."
Well here is one:
The Anywhere Caller Plan was brought to Globetel through the K boys and where is it today. We know now the K boys made one move that didn't pan out. They are 0 for 1 and that is the only thing we know they have accomplished. Let's hope their track record gets better.
Mr. Khoury continued, "Together with MetroTel, we are pleased to introduce the ANYWHERE CALLER(TM) product through this group of independent MetroPCS dealers. We're starting in two of the largest markets in the US; the Dallas/Fort Worth Metroplex with more than 5.8 million people, and the Detroit metropolitan area, with over 5.4 million people. The ANYWHERE CALLER(TM) product will be marketed as a cost-effective communications solution for the rising immigrant populations in these markets, as well as for anyone who wishes to speak internationally at a substantially lower cost per minute.",
http://investor.globetel.net/phoenix.zhtml?c=67726&p=irol-newsArticle&ID=950530&highligh...
Today's action proved that.
Lol I am sure many here would have carried on for days, had the volume gone up along with the price. The whole conversation would be about how well the Navy demo must have went and someone must know something, read between the lines etc.
When the opposite happened, I am making it up.
It is a fact that the low volume today the weekend after the demo, created no investment interest among the Navy personal on this less then 2 bit company.
Next Post:
Posted by: nerd86
In reply to: followingte who wrote msg# 78274 Date:6/25/2007 7:42:48 PM
Post #of 78288
So you are using the "in the absence of facts, create fear" approach?
76,359 shares traded at less then 25 cents. A maximum of $18,326.
The above facts speak for themselves.....no interest anywhere..... even rabid shareholders aren't steeping up to the plate at these low prices....that's not fear, that's scary.
Now that is a post with common sense.
Your right how would the Navy personal even know it was Globetel, they were not invited.
sirius, your right, no basis in fact.
You wait for facts in your investment decisions and I will use common sense. It's a fact Google is successful, it's a fact Verizon is successful. I would not know if it is a fact Globetel will ever be successful. Yet you are basing everything on facts.
Tests were done in actual reenactment procedures of combat. homeland security, terrorist conditions which would have required the average US serviceman to participate. Today we have a much more knowledgeable and smarter armed forces then in the past. Surely someone... anyone would recognize a low priced stock with a great product and make a purchase or pass the word on to a friend about a good observation of the Hotzone product. They were there, they saw it... but no reaction.
That would be called knowing ahead of time of a great product with future potential and getting in on the ground floor before anyone else or any report came out.
Today should actually look better then the past low volume days. Navy personal who observed and participated in the CWID exercise would have enough information about how great Hotzone is and spread the word throughout the base over the weekend, if they knew a good thing when they saw it.
If they showed even a slight interest common sense would tell me the volume and share price would be higher then it is.
cometoplay, I am supprised no one will offer a higher bid.
Looking at the volume and the share price of todays trading it leads me to believe the Hotzone demo for the Navy may not have gone as well as expected.
If it did we didn't received a PR and secondly you would think if it looked like a great prospect for the future, common sense would tell me there would have to be Navy personal that would realize how good it is and call home to give a family or friend a tip or purchase the stock themselves.
With only 36000 shares traded, less then $9000.00 it don't look to promising, IMO.
Of course they come from SPAWAR. This company had a contract with them before.They also had contracts with the GSA, Lockheed etc. They have a proven track record of success.
http://www.commitent.com/Contracts.htm
Risk_it: "Nobody wins except the attorney's."
Attorney's don't win all the time so the expenses they incur are their own. In most cases the losers are the insurance companies because of out of court settlements.
Basically it is Lawyers against Insurance Companies and they most likely will not cut costs to companies such as Globetel.
As you state: "Class action lawsuits just aren't the answer. The real answer would be to hold the company execs responsible."
I agree on that. With the new judgement made it makes it easier for the Execs to get away with a lot more hanky panky without a watchdog lawyer overlooking every move.
Nerd, I know that, I have been involved in many class action lawsuits and getting anything is better then nothing. The main thing is in many cases it exposed the company. Some were for over charging on the worth of mutual funds, had it not been for the lawsuit, I would have never known I was being overcharged. While many class action lawsuits should be thrown out of court to begin with, that is up to the judge to decide and not the SEC.
Just recently there was a recall of tainted dog food and many beloved dogs were affected. If ever I saw a case where there should be a class action lawsuit it should be here. Against the companies that made and sold the dog food and the company from China who sold the ingredient that was harmful. To see something like this could never get into court is not what I call justice.
Nerd, class action suits help keep a good company honest by not overly promoting or outright deceiving shareholders. It makes them think twice before making a Press Release. Should this new proposal go into effect there is no way of knowing if the PR or company is an outright phony.
A perfect example is right here with Globetel. It was a major deceit when they had the open house for the Sanswire One. It was to be tethered and demonstrated. It was shown as a half empty shell which was later scrapped for junk.
How much effort would it take for the company could have at least issued a PR telling everyone planing to go to the open house that they were welcome to come but it is not completed because of delay's. Instead to add insult to injury Huff & Co. filled the guests with what we know know was BS.
If you as an investor like this kind of thing happening with no repercussions to the company then this new law is for you.
I was seriously going to go to that open house, because I wanted to see history in the making, it was a good thing I didn't go because I would have screamed so loud I would have been arrested. The real criminals were conducting the demonstration and this new law would set people like them free of bringing overly promoted, outright lies and deceit along with the company to go unpunished. A class action lawsuit should have been made shortly after the open house. I picked up on what kind of company this is right then and there.
Makes it a big plus for Insurance Companies who underwrite class action policies. Also hedge fund lenders to urge companies to overly promote while they unload the stock. Don't seem to offer any protection to the small investor who is the last to know.
Risk. I don't see Sanswire/Globetel on the list of Unmanned Aerial Vehicles. If I missed it, Dr. Rick Ludwig's can't be up to date for this symposium, especially it being in San Diego.
My DD for investigating why the military is interested in a further demonstration of the HotZone technology at the current CWID trials, is only for the reason to show that the government is giving equal opportunity to small business to demonstrate what they have.
No other reason IMO.
I asked in a previous post to name one area anywhere in the world where the Hotzone "triple play" which they claim they had since they purchased it is deployed and working. Maybe you know.