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indeed - things looks better for GTEM's forthcoming SEC investigation, as it may prove that GTEM's Internafta announcement back in Dec 2005 was made entirely in 'good faith' on their part.
It is feasible to suggest that GTEM then put various 'Business PLan' objectives into 'execute' mode to fulfill their contractual obligations (and announced as such)...
only to be forced to 'back peddle' when the cash wasn't forthcoming. Hence why those AMEX 'luvvies' could accuse GTEM of being..'overly promotional'
The phraseology 'damned if you do and damned if you don't' springs to mind.
I feel sorry for Huff - if this doc is indeed genuine
schnizzle
I took a quick look at it Don...and it appears genuine, as there is a word for word English to Russian translation against each contractual 'shall' statement.
Interestingly there is a payment Ts & Cs schedule for 30 cities - as originally stated by GTE
and finally there are both party signatures - Maxim Chernizov (Internafta Director General), but can't make out who the GTEM Exec is - it's not Huff
schnizzle
risk it - are you able to substantiate the authenticity of this document? -
...in other words from where did it come and how did you get hold of it?
schnizzle
Cole - why are you still chewing on this 'Internafta bone', talking of 'HYPE' as though GTEM were complicit in this as part of a planned grand 'fraud'
In my opinion, the only thing GTEM can be accused of is being 'green and naive' in trying to break into an 'emerging market' ripe for their technology.
I question whether you know the corporate protocol for doing business with 'russian oil rich billionaire oligarchs' or whether you could spot a 'Mafia' fronted company from 9 yards..jeez the US Government has a hard enough time trying to spot them..so what chance did GTEM have.
GTEM we're played, that is now clear - but you have got to be 'in it to win it' as they say. So where's the fault in GTEM trying Cole? As shareholders isn't that what we want GTEM to do - ie WIN BUSINESS
schnizzle
Logan - I welcome your update and trust your word, as I know you are in this 'long on GTEM' as I am.
I just hope what Bleckman said is the truth, the whole truth and nothing but the truth...lets hope so
schnizzle
Perhaps the best thing for us all to do....
is switch the PC off and come back in 6 months...
I notice the euphoria of last week when Khoury gave his update to us all has now worn off, but unfortunately I don't think a quick miracle is around the corner. The only things that are going to lift the SP out of the toilet are 'hard, signed and sealed contracts'. What happened to the Forestry Fire 'Hotzone' pilot, Mexico pilot, Travelex? tie-up (Magic Money)
Personally I am disappointed with were we are at with the Strat - if S2 in it's current state (from the photo) is 'all we've got'. I am no 'airship' expert, maybe what we have achieved so far is spectacular in 'airship' circles - but an airship on it's own aint gonna earn no revenue as a Comms or Optics Platform etc
Developing and integrating the 'support & payload' electronics with the strat is no trivial task, but this is what will earn the revenue...I would like to know were we are with these developments, for example the fuel cell tie up with the German University, What has Uli come with with regards to Hotzone Integration and WiMAX yada yada yada!!
Perhaps old GTE thought all they had to do was get a Strat to 65000ft and the cash would flood in...that hasn't happened, so let us know what Plan B is Mr Khoury
schnizzle - see you in 6 months (lol)
I too believe your last line is correct.
Bob Jones is equally responsible for GTEM' predicament. Tim was not heading up the Sanswire programme, Jones was. It was his program that swallowed the ca$h and didn't deliver on the countless promises made to Huff, which were in turn communicated by Huff to us shareholders on countless occasions
I have a strong suspicion that is why Koury is rushing to patent whats been done so far to protect Globetel's IPR - which is exactly the right thing to do.
My next concern is 'what happened' to the sub-system tests that should have already started (if you believe previous NRs)- i.e motors & GPS controls, photovoltaics & batteries, telecoms etc. Were is all this kit, this is an integral part of the strat is it not?
Looking at the recent S2 photo, all we have (IMO) is a bare strat (gas management and superstructure).
What happened to 'testing' all the above subsystems? I hope we get an update soon
schnizzle
Hhhm Lockheed ahead of GTEM!!
"The Defense Dept. is showing interest in two categories of airships--those that can carry large cargo at low altitude, exemplified by the Defense Advanced Research Projects Agency (Darpa) Walrus program, and those that can operate in high-altitude low-wind conditions and remain on station for long periods of time. The configuration of the Skunks Works ship indicates it is the former--a hybrid heavy-load carrier.
Now lets's think about this shall we!!
Sanswire want to build a ship that "operate in high-altitude low-wind conditions and remain on station for long periods of time"
What Lockheed have demonstrated with their photo is the former...a cargo lifter.
Bit like 'chalk & cheese' wouldn't you say
schnizzle
Ladies & Gentleman!!!
Pleeaaazzzeee drop this photo discussion, surely there are more important things to discuss regarding our interests in this company. DOES ANYONE REALLY THINK GTEM ARE PULLING A FAST ONE HERE....??????????....NO! NEITHER DO I
Would it have made any difference if the photo was taken on a cloudy day for g*** sake! Can't you see the bashers love this debate!..sowing the seeds of doubt yet again!!!
What I care about are:-
1. Are the bills gettin paid
2. When does S2 go to 65000ft
3. When can we bolt the revenue earning kit on board!!!! (i.e when will GTEM establish the worlds "first, stratospheric, highest altitude" WiMAX Internet connection)
4. Will the thing stay up there?
schnizzle
Folks - forgot to post the link to Sprint Nextel in my last post, so here it is for those interested in the explosion of WiMAX:-
http://www2.sprint.com/mr/news_dtl.do?id=12960
Interestingly Sprint do affiliate agreements with 'Infrastructure' wireless companies who build out their own cell towers in various US markets - and brand the Sprint PCS wireless service on top. Alimosa Holdings was one such affiliate bought out by Sprint several years ago
I am NOT suggesting this is an identical business model for GTEM but they could negotiate deals with interested Cell phone companies to brand wimax (e.g Sprint) services off their Strats.
schnizzle
somehow I think they'll be back tomorrow - to destroy our spirits as per usual. Hell I wouldn't be surprised to see another Fool publication (where is grashelm tonight anyway)
We are not out of the woods, by any means - but I hope this really is the turnaround. Kostro's announcement today was needed, but let's not forgot we got used to the emotional rollercoaster with Huff and his announcements 'in the old days'.
What really matters is Kostro is seen to have the ability to straighten GTEM out in the eyes of the investment community. My guess is only then will we get some 'favourable' financing on the table. There is no way I want to see some shark equity investor come to the table - better that we have some of the 'big bondholders' take an interest with a longer term view,
With a strong CEO after Kostro and a date for a return to the OTCBB - then things should really start looking up.
We must not take our eyes off the end game - WiMAX is going to explode across the US next year (remember Sprint Nextel announcement in August to rollout a $multi-billion 4th Generation network across the US?) - and some say the cell phone companies aren't after us
Fingers & toes crossed
schnizzle
From my understanding of these kinds of things - funding need not mean an immediate equity dilution.
An alternative could be to issue 'debt' through 'bonds' to Bondholders. That way there doesn't have to be any dilution of stock - just an IOU to payback the bond at some future maturity date.
schnizzle
yeap - beginning to suspect maybe that Jones has been 'demoted' as well.
Also wondering if Jones had any respect for Huff as CEO of the parent company. The 'strat' delays really hurt us (and cost Huff his job)
schnizzle
nerd...a difficult one to answer, but see my ramblings below
It's not that I don't like Centerline - I just see it being the least valuable asset (ultimately).
If you look at any telco, GTEM being no exception - 3 components have to fit together in any telecom network in order to provide End to End connectivity,to be able to surf the WWW, make calls etc:-
1. Component 1 is Hotzone - this is the last mile enabling subscriber 'access' to the network - voice calls, wireless laptops etc. Competitors are the traditional fixed line broadband telcos, the catv companies and the cell phone companies through their GPRS networks. Hotzone is attractive as it is readily deployable, no roads to dig up. The big issue here though is spectrum availability and governmental licensing. You bet the cell phone companies will be lobbying their governments crying foul given that they have paid $Billions for GSM/3G licences. That is why I think GTEM is focussing on Mexico, China etc as those govt want the technology invested and may therefore be lenient on licensing costs
2. Component 2 is the Strat. This is crucial to provide WiMAX Metro backhaul from designated Hotzone 'Hubsite' Basestations. Without a Strat WiMAX backhaul link, GTEM have no other option other than to 'lease' bandwidth from incumbent aggregators/PTTs etc to transport 'Hotzone' access traffic to designated 'Core' PoP sites. This dents the cost model...If you look at the cell phone companies, they have resorted to building expensive 'digital microwave' access networks to backhaul traffic from their cell sites to their core switching centres or 'fibre provider' points of presence. That is why I see Strat as being an important integral solution to solving the Metro 'backhaul problem'. With strat you get massive 'WiMAX' access coverage but also 'backhaul' from your Hotzones on the ground to the 'Core'
3. Component 3 is the IP Core Routing domain. This is where IP 'Peering' takes place to route the 'Hotzone' VoIP/Internet and Dect traffic into the Tier 1 National PTT IP Core Network - If GTEM were operating in the UK they would need to 'peer' with BT - AT&T or Sprint in the US. If GTEM can co-locate with the national PTT then you are looking at 'across the floor' fibre links, otherwise 'fibre optic' access maybe leased from the likes of Level3, Global Crossing etc. I doubt whether much of Centerline' current set up serves much purpose here (other than maybe re-using a few soft switches for the Dect Calls)
The trouble I have with Centerline, right now is all it is doing is transporting Voz Brazil voice traffic (originating out for instance Brazil PTT International Gateway Exchange in San Paulo) through e.g Global Crossing' to GTEM LA switch, where the traffic is dropped backin to the US National network. GTEM' profit is made after they have paid 'said Global Crossing', by being cheaper than Brazil PTT on the 'international' transit part of the call. This area is cut thoat, which is why the margins are small. If GTEM can raise any capital through a sale (and shed the Operations FTEs wagebill and floor space etc) - then I think this could be a lifeline to plough funds into the Hotzone rollouts and Strat development instead.
Finally, Magic Money stands alone as a Value Added Service. Given that it has mastercard approval (I believe) then this could be licensed to any takers (i.e the cell phone companies)- or deployed on top of GTEMs own Hotzone/Strat network.
JMHO - once again I am not against Centerline, I just see it as being the 'least strategic' at this point in time
schnizzle
My view is if GTE had something commercially viable at this point in time, and the US Military liked it 'right now' then a licencing deal could be brokered with one of the big boy defense contractors to take it forward - and GTEM would still Cash in
Unfortunately, I don't think GTEM have demonstrated they have a commercial product (not unless they can get S2 upto 65000 for any length of time)....otherwise we would have heard by now
I still maintain the Stratellite is the jewel in the crown, even though it is burning the cash right now. Unfortunately the only demand I see for GTEM's Strat is in a market which they create themselves in the telecoms space - i.e Hotzone Wifi/Dect Access meshed with the Strat. Lockheed as behind as they are will see to it that they corner the Military/Government markets
If Strat development is canned or a deal isn't done with a commercial entity to buy what we have done, develop it further and 'lease us exclusive access' for example then I think the whole concept of GTEM as a global WiFi/WiMax player is dead in the water.
Centreline, as good as it sounds with $80m revs is a simple operation aggregating minutes over IP - poor margins and as such disposable. That leaves Magic Money as a 'Value Added Service' which in all honesty could most probably be offered over a Digital Cell Phone Network. Nonetheless as a product on it's own appears to still look quite lucrative.
JMHO
schnizzle
Seth! as an artist yourself of 'worldwide' renown - aren't you inclined to step up as a potential backer
lol
schnizzle
Does anybody know if all the 'short interest' had to be covered before our listing began on the pinksheets?
According to the Nasdaq board we were still more than 4.5million shares short when I checked a month ago.
Can't find any info now
schnizzle
Another day ends and still no updates from the company. Not sure if I can take much more of this, but no way am I going to sell till what's done is done, win or lose! My wife has suggested an early night (lol)
Message board(room) politics are running riot here with a few personalities who I notice have resorted to ripping into each other - obviously the stress of it all. My guess is everyone remaining here is either 'long' or professionally vested with a hedgefund (no names mentioned)
..but the reality is none of us know nothing until Khoury 'addresses the nation' - and my view is it had better be this week
Here's hoping
schnizzle
My guess is Huff is still very much alive and beavering away for GTEM as he always did.
He had to be removed as CEO - he did NOT deliver to promised timelines, that is plain for all to see. And as such there was no way any new investor would touch GTEM with his track record.
What has to be a focus now is whether Khoury has the commercial acumen and 'needed kudos' as a fixer able to turn things around for GTEM...lets hope so
If he has, and provided Strat 2 has it's wings and engines attached ready to go (as Jones implied on CNBC) then I think new backers will join the party. Huff is irrelevant now in the eyes of the investment community, so why do some feel the need to still stick the knife in further
JMHO
schnizzle
Couldn't agree more.
Kostro said last week..
"I will also focus in the next week on securing the necessary funding to underpin our plans to restructure the Company and complete key projects already underway. Given the nature of the situation, we will be communicating with our shareholders over the next several days and weeks as these changes take place."
No more excuses...they have got to put something out this week....otherwise how much faith can you put in the newbie Board?
schnizzle
It may well be Huff will step back into a 'Senior Exec' role at some point in future - perhaps CTO.
Huff's credibility as a CEO ultimately proved to be a liability for GTEM, but that doesn't mean to say he serves no purpose with GTEM moving forward - afterall he was the 'technical brains' to realise Magic Money, Strat, Centerline and Hotzone.
schnizzle
If you think it's so important for us 'poor' shareholders and the future of mankind! then spill the beans Sherlock
Otherwise I will continue to view you as a manipulative type with your own 'hidden' agenda
TIA
schnizzle
The next 10-Q should have been around the corner (mid Nov), had we remained on the AMEX.
Not so now we are on the Pinksheets. I have an ominous feeling the balance sheet is looking bad - which is why Huff has gone.
If we had a 'rosey' looking balance sheet, then Huff could argue we were on the road evolving from R&D Co to solid Sales Growth Co.
Who knows were we are now!
schnizzle
Seth - why are you still here, exactly?
previous statements of yours in Motley Stool like "AMEX wannabe Globetel yada! yada! yada!" served to help short the stock into oblivion.
What gives now that GTEM sits on the 'pinkies'?
SAD!
schnizzle
I feel a 'fire' sale is on the way.
If Magic Money hasn't made progress, then it will probably be divested and rebranded by Forex
Centerline - if VoIP Brazil hasn't shown any sizeable growth in revenue and improving margin then it will go too.
That leaves the Strat and Hotzone to save our investments - Bob and Uli will be the saviors of GTEM. Bob has to deliver a commercially viable strat and Uli has to rollout Hotzone rapidly
schnizzle
grashelm - I hope your man enough to show up here when GTE announces to the world that it's Strat is proven to be commercially viable
Of course you know they will as we all do! Remember the Bob Jones CNBC slot in August - there is no smoke without fire. I have my suspicions you will be going 'long' soon if you haven't already
soo! transparent
schnizzle
grashelm (or should I say Seth) - I've dealt with you before on Yahoo I recall. Your posts still spout the same old veiled rhetorical 'basher' garbage I notice.
schnizzle
I am long on GTE and have been since 2004 - I fear what is happening right now to GTE could ultimately lead to a 'hostile takeover' of all or part of the company.
I am no expert in corporate governance regarding 'Share Structuring' but my reasons for concluding this are:-
1. It is clear as day to me that there are corporate predators out there who do not want GTE to remain as a cohesive unit. Centerline, magic money, hotzone and sanswire divisions if they succeed will become building blocks which when all combined together will be a compelling product offering revolutionising communications in the developing world -
2. Wireless Broadband and IPTV in the hands of the masses (China, Mexico, India) who have yet to access the WWW. This pi*ses on Murdoch's bonfire, plus 'Magic Money' as a Value Added Service which makes the concept of the electronic wallet a reality with a truly end to end 'electronic remittance'service for millions around the world - this will pi*s on Western Union Money Transfer etc, who have scammed so many for so long with their rip off commissions.
3. On top of this you can count on the wrath of the Cell Phone companies, who are dependant on the 'Wireless Internet' succeeding through 3G and GPRS to recoup a return on their $Billion license fees - the Cell Phone companies are also trying to muscle in on WiFi to corner this technology as another revenue stream by the way.
4. Along comes GTE to ruin the party - big established players in their own vertical markets each offering services which GTE promises to do, thereby denting their greedy profits if GTE takes off. They even ruin the party for the Telco Vendors like Nokia and Ericsson who do nice Vendor Financing deals with the Telco Operators. Didn't Huff say the cost of a Hotzone basestation is a fraction of the cost of the kit in a single typical Cell Phone Basestation - which usually costs the Operator around $150000 - Multiply that by several Hundred basestations covering downtown LA and the numbers soon add up.
Tim knows all the above !! As a Telecoms Design Engineer myself I think I know enough to know it!
5. So this is were the bashers come in to play. Notice how the likes of Byron at NYP (Murdoch's puppet) and Motley Stool have been so unrelenting and organised in their attacks. The naked shorting which the AMEX has turned a blind eye to 'know doubt about it' has succeeded in driving the PPS into the ground. The sole aim is to distort the truth around GTE (scam they cry) and laugh at GTE's 'Aluminium blimps' etc to simply destroy Huff's credibility in the hope that the BoD will be forced to remove him. Ask yourselves who will be around to defend the visionary strategy that Huff has created with Hotzone, Sans, Centerline and Magic Money if he is forced to step down?
6. With the SEC Investigation looming over our heads, I fear the cash will run out before we can execute the business plan. We are boxed in tight right now - partners maybe reluctant to close a deal with the SEC inquiry pending (Catch 22). To maintain Operations and continued R&D, the Company may be forced to handover huge chunks of equity out of the 200Million shares authorised in the pot. At best this scenario will see all us common shareholders suffer major dilution. At worst a massive controlling stake of the company will be bought for 'pennies' Per Share with seats on the Board.
With Huff's removal, the threatening technologies such as Hotzone and magic Money will be disposed of into quiet oblivion for pennies on the dollar, leaving only the Strat behind...and we all know Lockheed don't have one, don't we!!
7. My only hope is Tim knows a lot more than he can tell us right now. My belief is the Strat and/or Sky Dragon is so Commercially 'sensitive' with a probable Non Disclosure inplace with the US Military that GTE are prevented from screaming from the hilltops to reassure us shareholders.
My loss on paper is great, but I am prepared to lose the lot. I am long on GTE till the death if need be, but something tells me GTE will be huge. My fellow longs, do NOT sell tomorrow, the last day before we leave the crooks behind at the AMEX.
FORCE 'SHORTY' TO FINALLY COVER AT A LOSS!
schnizzle - long & strong
Take a look at http://www.sec.gov/ - you will see hundreds of companies which have had/or are going thru SEC Investigations.
it has happened to the biggest corporations - e.g McAfee, Apple and Dell (which makes me feel a bit better in a strange sort of way). I welcome the investigation by the SEC. If it doesn't turn up any dirty dealings then the company will be 100% vindicated and no fines to pay. Of course if there is anything majorly fishy then the company is history.
Meantime, with this hanging over our heads, my main concern at this time is whether the company can execute on it's business plan before the ca$h runs out - I fear only 'vulture venture capitalists' will be around to 'lend' cash with ridiculous terms which will significantly dilute common shareholders (my) stakeholding.
GTE has got to prove Sans2 'Pretty Damn Quick' to survive this latest attempt by the 'corrupt' powers that be at the 'AMEX Gentleman's Club', Motley Stool, NYP et al who want to bury this fledgling company. Lockheed must be grinning with delight right now with all this distraction
schnizzle
""DHS has not formally announced the value of SBInet, but Boeing, one of many vendors vying for the project, estimated its value at $2 billion""
source :- http://www.fcw.com/article96146-09-18-06-Web
Hhhm!! which makes me think Boeing's $80million award is only part of the contract. Question is who is going to get the big slice
schnizzle
Hhhm - I watched the CNBC article yesterday and more and more of me thinks we were NOT looking at Sanswire II at all - afterall were where the electric motors and photovoltaic panels.
I see this is a possible decoy tactic on GTE's part, a pure PR exercise to shout about their technology which is no doubt on the way - but I think the 'real' Sanswire II is a closely guarded secret, well and truly under wraps - it is just too commercially sensitive at the moment
.....but then again what do I know about Strat construction - lol
schnizzle - long and strong
Thanks Don - I haven't been away. I have just been 'deafened' by GTE's silence which has allowed the gutter press entities (we all know who they are) to run riot in their attempts to destroy this company.
I haven't sold a single share, so like most on this board I am down significantly.
I am holding for the SBINet border surveillance tender award and the worlds first highest altitiude WiFi call from Hotzone.
This for me will make the Telcos sit up straight and should hopefully turnaround GTE's fortunes.. The sooner the better for me, as that will silence the AMEX - hopefully forcing a climb down
schnizzle - Long & Strong
"You can't get national broadcast public relations whenever you want, especially in the financial press"
Allow me to re-phrase that
"You can't get INTER-national broadcast public relations whenever you want...."
I saw the article in the UK..
let's hope this is a turning point for GTE
schnizzle - Long & Strong
Greetings crash - longtime no speak as they say.
It is gut wrenching to see this board infiltrated by so many 'transparent bashers' from the other boards - we all know who they are don't we copain, cole lol.
It is clear as day, that the 'big boys' hedgefunds are at play to maximise their profits on the up tick - which I am sure is imminent. GTE is backed into a corner right now - only positive Strat 2 news will turn us around in the short term.
However, I am long and will NOT sell one single share. Seth (Grashelm) will NOT weaken my resolve.
Have we forgotton about the SBINet tender:-
http://seattletimes.nwsource.com/html/nationworld/2003228870_bordershield27.html
which is scheduled to announce who the winners are within the next 4 weeks. I am a firm believer GTE will win a big slice with a Raytheon tie-up. That is only one reason why I am holding.
schnizzle
Full credit to you - I logged this one on Yahoo (Message 215827) from a while back , where you were credited - but I couldn't remember if this particular piece was credited to you...I am certainly not trying to steal your thunder
- lol
schnizzle
Design - Raytheon/Brazil deal + Strat=US/Mex $$
The success of Raytheon's Brazilian surveillance program (article below) produced further contracts for Airport security here in the US and a possible leg up on competiting bids for the $2 billion dollar US Mexico/Canada border programs.
With an operational Stratellite program accentuating an already proven security infrastructure such as Raytheon and "tentative" partner Sanswire would offer, competitors may well be hard pressed to counter.
http://business.bostonherald.com/businessNews/view.bg?articleid=140020
This may be more than 'smoke and mirrors'
schnizzle - long & strong
Manny...it makes me wonder if GTE have an 'ulterior' motive, for not webcasting the SHM afterall...GTE at the moment for me 'is a COMMERCIALLY SENSITIVE CLOSED BOOK' to all comers incl us shareholders - they seem to be extremely cagey on providing detail right now.
At least GTE can't be bashed any further by the likes of Byron and MF etc....we certainly don't want the PPS knocking down any further
This leads me to believe that some 'big announcements' are IMMINENT....
Was it Dumas who recently said "You will have smile's on your faces at the SHM" hasn't materialised for me (and I didn't go the SHM), but maybe GTE had hoped they could talk about something big on the day...hopefully it is only down to bad timing that they couldn't announce something big....
I am not giving up YET! In the meantime I am holding
schnizzle - Long & Strong
To me this whole webcast issue is like a farcical soap opera.
Hmmm! Will they or won't they broadcast the SHM?? Tune in next week
The fact that Magic Web advertised the GTE SHM Webcast for the 21st alongside the GTE banner yesterday - and yet nothing has been seen is an utter joke.
No wonder some of us here are asking ourselves searching questions. I myself am in for $150k and have a stomach full of GTE 'fluff'. This whole webcast (is it or isn't it going to be broadcast) situation just adds to my feeling that GTE is pushing it's luck with Mr Retail Investor. Think back to 3 weeks ago to the professialism shown at the Cowan & Co presentation - when GTE briefed 'The Street'
IMO GTE is acting with breathtaking complacency to it's Mr Retail investors - we are in a definite repeating cycle of 'it'll be alrite tomorrow'. With the SP in the toilet some serious concrete announcements are needed from this company soon to restore my faith and prove GTE's ability to deliver BEFORE the money runs out.
schnizzle - long & strong
No - but it is easy to see 'as plain as day' that GTE is under a concerted 'attack' to short it's stock to new lows.
The negative 'venom' I see posted by 'bashers' on other boards reinforces this in my mind. Couple this with another Plaintiff class action lawsuit filed today a week before the SHM, and it is obviously a 'tack' to undermine the 'Longs' shareholder faith in GTE. These 'entities' play on doubt to diminish our belief in Tim Huff's vision - they want to push GTE to show their cards - which quite frankly is playing into their hands and the hands of the competition.
It is painful (I know), but GTE is obviously adopting a different strategy, where they release only 'concrete' developments. In the long run this has to be a good thing which will reflect favourably to underpin the integrity of the company.
BTW - I question your motives for referring to me as 'the house pooch'...pray tell me WHY?? I look at your previous posts which to me display 'classic' Basher traits
schnizzle - long & strong
Keep the Faith....Look what GTE has with it's business units all starting to come on stream - Hotzone married to the Strat will be truly AWESOME!! China, India, Phillipines, S America will all be filling out the blank checks!!
Question the timing of this latest class action - it serves only one purpose, and that is to undermine shareholders faith in GTE....we all know what they want!!!
GTE is being 'baited' pure and simple...the Internafta 'default' embarrassed GTE, but it won't kill it. We should only expect 'in the bag' announcements from GTE from now on - and I think we will get some good news next week from Tim!
schnizzle - very relaxed!!