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I have heard from Rob Bleckman earlier this week.
That is your biased interpretation and opinion. It is not backed up with any facts.
Who organized the syndicate for the notes?
Your history of posts, here an elsewhere, identifies your motives already on this board.
Mezzanine Financing....
for those new to the concept.
Leveraged Finance entails funding a company or
business unit with more debt than would be considered
normal for that company or industry. Higher-than-normal
debt implies that the funding may be riskier, and
therefore more costly, than normal borrowing. As a
result, leveraged finance is commonly employed to
achieve a specific, often temporary, objective: to make
an acquisition, to effect a buy-out, to repurchase
shares or fund a one-time dividend, or to invest in a
self-sustaining, cash-generating asset.
Source: http://giddy.org/L&MF_Paris.pdf#search=%22mezzanine%20financing%20%2B%20stock%20price%20%2B%20PD...
from a course I once took.
Now...take a break..stop and think...and connect the dots.
Read pages 10-12 in this document:
http://www.ivca.ie/Guide_to_VC_3.pdf
and then think a little bit on why these firms would invest in this company.
They do not throw dollars around for nothing.
Use your head and think instead of bashing individuals.
The monthly run rate for the company is 4 times that amount. It makes "business sense" that this is what this is for. The prior history of such filings is also evidence.
Nice try SAM.
It is a bridge loan...of course bashers will use the opportunity to bash the company and spin negativity.
Exactly!
The amount is really that significant to you? $1M is a "drop in the bucket" when one sees that their run rate is about $4M/month thereabouts. What are you whining about?
The lawfirm GTE hired
http://www.cgsh.com/
is very prominant in executing international dealings in Russia,as well as, other international agreements.
They, along with GTE management, are clearly able to demonstrate the existance of the deal, and has a file filled with signed notarized agreements, correspondences, meeting minutes, etc. which documents the existence of the deal which was being negotiated at that time.
Speaking of information...remember those bogus Class Actions
which were filed? Well...we finally know who were the lead plaintifs!
Robert T. Knox
http://securities.stanford.edu/1036/GTE_01/200659_o01c_0621174.pdf
and
Sharen A. Kirkham
http://securities.stanford.edu/1036/GTE_01/2006531_o01c_0660771.pdf
Have not the slightest idea what the status is on these, but a background check on these two characters would probably bring up some interesting hits one may think.
BR....Danielle
ShakeyGuy....No not at all.
What is important is that these types of financing vehicles have specific tax advantages, the discussion of which is beyond the space that can be allocated here in a short message.
What a company must guard against is "death spiral financing" by the note holders.
http://www.stockpatrol.com/article/key/deathspiral
It appears, after reading the 8K once more,that the company has provisions, to preclude such from happening in this case.
I think you are very short sighted. The company, eight years ago, was not the company it is today:
- A respectible membership of an independent board of directors
- Multiple lines of businesses, each of which has its own specific technology and revenue producing capabilities to stand on its own, but, together, providing a synergy in the marketplace which is second to none (VoIP, WiMax, Stored Value Cards, Stratelite) whereas, where was GTE eight years ago?
- A very competent mgt. team (look at the bios. and compare them to yours!) and professional staff
- An improving Financials picture (we shall see over the next 4-6 quarters if this is really growing and sustainable).
Try putting on your 'thinking cap' mide
Why would a company, which has prided itself on no debt up to this point, suddenly acquire a cash position, if it had not the forecast of a revenue stream to pay the interest? Now..what revenue stream(s) could this mean?
I will let you guess.
Exactly...and they understand little of convertible notes.
The conversion rate means little....you obviously are not familiar with convertible notes.
ah....what a waste to even try to discuss it here.
I think you are right on.
..and they need "to behave" during a probationary period as well.
JMHO
Is this what you are referring to:
http://www.sanswire.com/videoCNBC_high.html
???
wingshot Liar...Liar...pants on fire.
http://about.telus.com/cgi-bin/news_viewer_ir.cgi?news_id=738&mode=2
where is Globetel mentioned?
TRADE HALTS are published in real time here:
http://www.nasdaqtrader.com/asp/TradeHaltShowPage.asp
Anyone see this?
http://news.yahoo.com/s/ap/20060911/ap_on_re_us/helium_shortage
Probably not a long term problem but definitely a "party pooper"...in more ways than one.
This outlines it in more detail:
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=683341
Huge volume today...a little over 20k?
Hmmmm.......
I have been following the Level 2 trading SAM, and there have been trades processed and originating through AMEX, as recent as Friday before close.
You are mistaken.
The AMEX never specified which shareholders they are protecting did they?
I agree...very lame writing. Basically a "pump" for Motley Fool and Seth Jayson specifically...nothing new.
Try reading it once more....nice try at putting a little FUD on the board.
I know we are not customers. You did not understand my point.
Nevermind...be patient. Let the team do their work, but stop making excuses for missed dates. Yes, there could be naked shorting via FTDs but...only execution to plan and what is reported on the 10Q is all that counts in the end.
crash...I am a long time LONG in this stock. I have immense confidence in this team to deliver. Dates have slipped (one cannot argue about that...simple fact) and this has given more fuel to bashers and SHORTs to depress this PPS since Dec. 2005.
I am patient and a long term investor. I understand dates can slip for any number of reasons. I also am aware, that when dates slip, as I sometimes find in my own projects by the way, that my "ultimate customer" better learn about them sooner rather than later, and learn about it from me and not someone else, and I better have a "lessons learned" and correction path in place when I am given permission to move forward.
When was the last NR/PR?
Were we told at the shareholders meeting anything in regard to the parallel testing of the Billing system and its impacts on CenterLine?
Why no word on when a request for an SOC was submitted back in Feb to the Airforce at that time?
Dates are dates. One could have developed "goals" as part of a performance plan and framed timelines in financial quarters, instead of, hard and fast dates like September 30th for example.
I did not bash. The fact is deadlines slipped, deals were announced with no follow through on execution, and this gave SHORTs fuel to lower the PPS of this stock. Plain and simple.
Only project execution and consumation of business contracts with growing revenues and margins will silence the nay-sayers at this point.
I must disagree here....
Let's be intellectually honest....Seth Jayson did not cause this. He inflamed and "stroked the fire", but it was entirely GTE mgt. accountability, with regard to missed deadlines, and lack of communication with shareholders, which has caused the stock PPS to be depressed as it has since Dec. 2005.
Let's see how this plays out through the end of the year!
Well...with about 12 million illegals, who wish to send remittances back to Mexico (or wherever) and the numbers growing by 6000 daily, this could be a great growth market for GTE to attempt to penetrate with it's Magic Money program.
If Miller, construction companies, resturant owners, cleaning companies, food processors (like Tysons for example) are making Moolah off of this, GTE may as well make some money here too.
SAMdashada
You are really so naieve as to think that plans (even in large established corporations...leave aside "start-ups") are always executed on time?
You complain but you never offer any solutions other than have Huff resign. Over 80% of the shareholders disagreed with you at the shareholders meeting. Proxies and votes are all that counts. Sorry.
If you have such a lack of confidence, make your own conclusions, and act on them. Posting your rants will not change much.
Some Interesting Tidbits from Forbes:
http://www.forbes.com/2006/02/16/cx_cd_0217featslide_print.html
Read and learn. GTE has two of those mentioned.
I heard that they will be getting written permission from CNBC (sometime today) before replacing the link on the website.
zendo64, read UR own posts
http://www.investorshub.com/boards/read_msg.asp?message_id=12984162
So why are you wasting your time here...you should be invested there and on their board pumping shouldn't you?