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Does MOBL still own some TXPO?
At one time MOBL owned convertibles in TXPO. Does anyone know if they still exist?
fender...probably some rookie MM learning how to enter trades into the system.
Does seem strange. Could it be a signal to the shorts to - Come for more, or Cover now?
What ever happened to the Zigbee patents? eom
jipn...
you can't possibly have lost more than $1611. If you squeeze out one turd and it breaks up into hundreds, did you flush hundreds of turds or just one?
If you were serious about your post, you have to adjust your original basis (cost per share) to the post split cost per share. Your loss is now the total cost less the sales price. In your example, you have assumed your purchase price grew proportionately with the forward splits.
Where's shorty?
He must be shooshing in his pants right about now...
Get list from here....
http://www.muniwireless.com/article/articleview/5868/1/23/
MobilePro listed for:
Tempe
Chandler
Longmont
Gilbert (deploying)
Mesa (finalist)
Yuma (deploying)
Farmers Branch (deploying)
aplhvac...
I think the SEC is really looking to see if Tim Huff was "overly promoting" GTEM.
At the very least, the value of GTEM now is the present value of the future net cash flows that come from the 49% ownership in No Mas Cables and the asset value of Centerline once it's sold off. With only about 108 million o/s shares, the stock price represents that perceived value. IMHO Any value that comes from the strat will show up in the stock price later when it can be confirmed (i.e. contracts/JVs/etc.)
I don't recall Steven King ever being the president of Globetel?Sands Digital Media better hope this article doesn't get seen by too many. My 6th grade daughter can write better than this.
From the "press release" (and I use the term very loosely):
In August, 1997, Midland, one of the companies former Globetel President Steven King was pumping -- according to that SEC complaint -- announced an acquisition of once-billboarded Jet View Holdings.
Sounds like the company is positioning itself for merger or purchase. Let's see...no auditor, no CFO, no CTO and a skeleton board. Sounds like a buy out to me....
Calling GTEM Management....
It is apparent that until the SEC is through management must be careful in what they do and say in public and through any press releases. However, a significant message to shareholders could be sent if board or management were to increase their holdings on the open market.
If I knew the internal workings of the company and was optimistic about the future, and if the market had punished the company's stock disproportionately, I would add to my holdings.
Especially at the current low price.
At the very least, management could buy stock now at .29 and make .08 per share by using it to pay off the investors, who hold conversion rights at .37 (September 2006).
Thanks Vern...I always appreciate your candor. eom
vern-have you been deposed?
Has anyone from GTEM contacted you about testifying on behalf of Huff? If not, should you offer to?
Seems like your knowledge of the strat and what was released publically by Huff may provide support for his defense.
mide
yes-these actions are a farce. One of the "lead" plaintiffs is out a whopping $900. The lead plaintiff bought 300 shares and took a $900 loss. What a joke...I guess if successful the lead plaintiff here will get back maybe 15%, or $135. Wow!
Ok...but, when you say a company has to own 80% to "claim" any earnings, that is not true. I didn't mean to be rude, just trying to clarify things.
Wingshot....
You have no idea what you talking about....Globetel's minority interest in the JV will be recorded at the original investment and then subsequently adjusted each year for its pro-rata share of earnings in the JV.
ineedtoknow....
check out this story about Milberg Weiss (one of the firms in the GTEM suit). It seems their firm may go down in flames after being caught (allegedly) for paying enormous "kickbacks" to bogus shareholders willing to be lead plaintiff.
This story if fairly long, but, reads like a hollywood movie script.
http://money.cnn.com/magazines/fortune/fortune_archive/2006/11/13/8393127/index.htm
Rocky...
Please see post #67447 and let me know your take.
thanks!
do you suppose the lack of price movement
has something to do with the Convertible Notes that were issued on Sep 12, 2006? You might recall the notes were convertible at a value of .36939, very close to where we are stuck.
(Rocky - what's your take on this?)
If converted, the notes included warrants (A & B) that allowed additional investment at rates of 150% and 200% of market price, respectively.
Holding the stock price down, makes it less expense for the private capital investors to convert and exercise the warrants.
This is a list of the investors that agreed to the note for $1,075,000 in Sept of last year:
Hudson Bay Overseas Fund Ltd
Hudson Bay Fund
Nite Capital LP
Castle Creek Technology Partners
The Nutmeg Group
Brio Capital
Double U Master Fund
For all the naysayers....
why would Alice Muntz get involved with GTEM if there wasn't true potential?
Alice H. Muntz, Ph.D.
Associate Director of Development
Chief Operating Officer
UCLA Institute for Cell Mimetic Space Exploration
Dr. Alice Muntz is a veteran executive and entrepreneur with over 27 years experience
in the computer technology sector. She is the Associated Director of Development and
Chief Operating Officer of the Institute for Cell Mimetic Space Exploration (CMISE). She
also founded Vizional Technologies in 1999. Under her leadership Vizional has
developed the most advanced collaborative commerce platform available today. She has
raised more than $53 million dollars and established key corporate strategic alliance
agreements with Fortune 500 companies including Prologis and I2. Prior to founding
Vizional, Dr. Muntz held positions at AT&T (Teradata), Hughes and Xerox, where she
led efforts in technology and product development and information technology services
including data warehousing, touch screen human interfaces, real-time systems, and
reengineering services.
Dr. Muntz is a member of several advisory boards including the Industrial Advisory
Board of the UCLA Henry Samueli School of Engineering, Raytheon Electronic Systems
Commercial Ventures, the Sally Ride Science Camp, and the Supply Chain Council of
the Aerospace and Defense Steering Committee.
She is a graduate of the University of Southern California where she earned her M.S.
and Ph.D. in Computer Science. She earned her B.E. from National Chiao-Tung
University in Taiwan. Dr. Muntz has also completed the Executive Management Program
at the Kellogg School of Business and received the Directors Training Award from
UCLA
Danielle...could your guess be either of these?
In China, GlobeTel Wireless concluded its 90-day pilot in conjunction with the Shenzhen Railway Company, one of the units of Guangdong Tietong South Communication Co. Ltd. The testing route follows an existing railway line that traverses the bustling Guangdong Province. The half-mile clarity achieved during our Mexico City pilot was perfectly replicated in China. As a result of the successful outcome of these tests, we are currently discussing a joint venture for the construction and operation of a wireless network which will operate in the Guangdong Province, home to more than 80,000,000 people.
In April 2006, in sub-Saharan Africa, the Company was approached by Giant Int'l (GH) Ltd., to develop a HotZone wireless communications infrastructure for the nation of Ghana and for the Republic of the Congo, two underserved telecom markets. Construction of the test bed was paid for by Giant and once testing is completed, GlobeTel and Giant will review the feasibility of a joint venture to operate networks in the two countries.
hardasset....
why would they file anything now if they "didn't have to"?
Here's a filing from Jan 2007:
http://www.sec.gov/Archives/edgar/data/919742/000114420407003965/v063763_8-ka.txt
The financials are being reviewed, audited, investigated whatever you want to call it. And thus there is a reason for not filing.
Do you really believe with all the legal and SEC hotwater GTEM management is in they would not report any recent sales?
Hey Shorty....
Takes some big kahunas to go short into this weekend...are you praying for bad weather?
montanar/danielle
suppose they are busy fighting off the frivolous lawsuit too?
I saw one document that showed the lead plaintiff was claiming a loss of $6500 and another was around $300. What a crock of crap. Huff and company are probably spending countless hours on this b.s.
The market said hoax as well...
If it were true, the stock price would have been significantly higher. I guess that fact that is wasn't indicates the market is truely efficient...i.e. no reaction at all today in the price of GTEM.
Shakey,
fyi...I had no problem buying GTEM shares yesterday online through TDAmeritrade. Although, a month or so ago, I did have trouble there trying to buy MOBL. Very strange things going on it seems with the online brokers....
vern,
I did see where Bob Jones (before his departure) had set up GTEM for DOD (DARPA) money. Maybe GTEM will get some grant money for itself in 2007.
aplhvac....
same thing happened to me the other day. This is very strange. One guess is that MMs are trading between themselves and hope to show a lower price so frustrated shareholders will be enticed into selling. Once again, this is very strange action and if it were truly individual investors selling shares at lower than what you have currently bid, then there might be a bigger issue here.
ALSO, I think there might be a large group of day traders that jump into GTEM in the a.m. every day hoping for a pr and pop. When it doesn't happen, they jump ship in the p.m. and the MMs take advantage by large bid/ask spreads.
eqbeck...
nice-thanks. Also, on the Bloomberg I noticed the short interest was about 5 million-although it was a couple months old.
I think of Short Interest as a contrarian indicator, as if/when GTEM has a positive report of some kind, the shorts will be scrambling to cover.
Teleos Asset Mgt & Vanguard both added
over 500,000 shares of GTEM according to their filings as of 9/30. I was on a Bloomberg last night checking out who was holding GTEM and confirmed this. Obviously,I can't provide a link - so take it for what its worth. There were no 12/31/06 filings yet indicated...
C-legs
nilremerlin...
I emailed Thanh Vo earlier this week to no avail....oh well it doesn't hurt to try.
CPA's issue basically 2 kinds of
audit opinions. Qualified and Unqualified.
Based on what JFBurk copied from today's news, Dohan's 2005 audit contained an "unqualified opinion" - meaning it was a clean audit report with no material qualifying issues or weaknesses in the financial position of Globetel. Google that if you don't believe....
jfburk...I'll say this again-
this is jmho...
It's obvious to me that certain posters have links to unregulated hedge fund trading.
Hedge funds can short small time issues like GTEM, and essentially drive the company to failure by damaging their ability to raise capital.
Certainly, GTEM management has to take some of the blame for the price plummet. But when the sp is driven and beaten down by naked shorting, a company's ability (such as GTEM)to attract capital (cash) is diminished, thus exacerbating dilution. The company ends up having to dilute itself in order to exist and fulfill the dream of the business model. As long as hedge funds face no regulatory hammer, they will continue to cause havoc in the markets.
jfburk
a change of auditors probably is a good sign. If there were truly any shenanigans going on, GTEM would be hard pressed to find a reputable replacement.
Also, they may have got a better price for the audit....
Rocky....
Have you any information about the RFP Globetel put in for the city of Sacramento public wireless (Oct 06)? I saw they were one of 4 companies to respond to the proposal once MOBL lost out. Thanks
what's up with MOBL?
Ameritrade won't let me open a position online. I must call in. Anyone know about this?
this looks positive...
http://www.entforum.caltech.edu/past_archive/bios0104.pdf
Alice H. Muntz, Ph.D.
Associate Director of Development
Chief Operating Officer
UCLA Institute for Cell Mimetic Space Exploration
Dr. Alice Muntz is a veteran executive and entrepreneur with over 27 years experience
in the computer technology sector. She is the Associated Director of Development and
Chief Operating Officer of the Institute for Cell Mimetic Space Exploration (CMISE). She
also founded Vizional Technologies in 1999. Under her leadership Vizional has
developed the most advanced collaborative commerce platform available today. She has
raised more than $53 million dollars and established key corporate strategic alliance
agreements with Fortune 500 companies including Prologis and I2. Prior to founding
Vizional, Dr. Muntz held positions at AT&T (Teradata), Hughes and Xerox, where she
led efforts in technology and product development and information technology services
including data warehousing, touch screen human interfaces, real-time systems, and
reengineering services.
Dr. Muntz is a member of several advisory boards including the Industrial Advisory
Board of the UCLA Henry Samueli School of Engineering, Raytheon Electronic Systems
Commercial Ventures, the Sally Ride Science Camp, and the Supply Chain Council of
the Aerospace and Defense Steering Committee.
She is a graduate of the University of Southern California where she earned her M.S.
and Ph.D. in Computer Science. She earned her B.E. from National Chiao-Tung
University in Taiwan. Dr. Muntz has also completed the Executive Management Program
at the Kellogg School of Business and received the Directors Training Award from
UCLA.
Orlander
It's obvious to me that certain posters have links to unregulated hedge fund trading. Hedge funds can short small time issues like GTEM, and essentially drive the company to failure. Certainly, GTEM management has to take some of the blame, but when the sp is driven and beaten down, attracting much need liquidity through share issuance exacerbates the problem. The company ends up having to dilute itself in order to exist and fulfill the dream of the business model. As long as hedge funds face no regulatory hammer, they will continue to cause havoc in the markets.
dfmantx....
thanks for the wikipedia update...
Thanks Eqbeck and Rocky!
With the sp severely depressed in the last 4 months, let's hope management was not in a hurry to issue more shares. If anything, they should have been borrowing money to invest in their own technology.
Rocky....
Do you know what the current float is?
Thanks!