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Didn't we know most of what they PR'd today two years ago when they did the big helicopter test? The only semi-new thing is that the really big helium balloon they made will float. Woohoo!
No details about the flight, no details about who was present, no pictures, no video... Ugh!
I received the call from Charles Morgan as well. I wonder what they're aiming at, but I didn't let the guy talk for long.
LOL.. When did Chris Farley become an investment advisor?
http://www.donharrold.net/images/donmiddle.jpg
He filed for a planned sale. It doesn't mean that he has sold anything yet. It could be that he expects the stock price to shoot up soon and he wanted to be ready. Or it could mean that the stock is going into the dumper and he unloaded them while he could.
I wasn't suggesting that an airship can't be shot down, just that it's harder than some people think. Even if you hit the thing, the helium, at altitudes low enough to be hit, isn't under great pressure and therefore won't escape quickly.
And by no means am I an apologist for criticisms around here.
An article on Lockheed's P-791 testing:
http://www.aviationnow.com/avnow/news/channel_awst_story.jsp?id=news/020606p2.xml
An old article I just came across for those that think an airship is a ripe target for enemy fire:
http://news.bbc.co.uk/1/hi/world/americas/161148.stm
"The balloon remained aloft after two Canadian air force CF-18 fighters fired more than 1,000 rounds of cannon shells into it off the coast of Newfoundland.
An Icelandic official said the Canadian attack had caused extensive punctures but failed to release the helium gas from the balloon. "
I don't have time to read this board, Yahoo and RB. I want to get all my Globetel news here. I certainly don't want to see a bunch of false rumors take over the board, but I want to be aware of what rumors are out there. Perhaps posting of rumors could be okay, but no further discussion without verification? Pretty hard to enforce, I know, but useful.
It looks like every other company that is receiving an award has already PR'ed it, so most likely GTE is not getting one. After googling "Frost Sullivan 2006 award", I have to believe GTE is the only US company not getting one. Good grief they give out a bunch. There's one company, New Global Telecommunications, that is getting one for a VOIP wholesale product much like GTE's. That may have spawned the rumor.
Nothing in Mailman's email is unreleased information. The CEO can say these things to any person that he wishes. And Mailman has never been wrong before, unlike some fish I can think of.
My email to Seth Jayson:
Dear Mr. Jayson,
I’ve read with interest your recent articles about Globetel. As an investor in Globetel, I try to be vigilant in finding any information I can about the company. You have some good points, but I have to tell you, I find your articles tend to reach too far to try to implicate Globetel in subterfuge. When I see you trying too hard to impugn the company, I must question you. For instance, you try to discredit the company by saying, “Of the 30 cities claimed for the rollout, only two are named.” What would naming 28 more cities do? Would that prove anything? No. So why is it a part of your complaint? Any fool could go to the atlas and find the names of 30 Russian cities.
You say, “The real identity of GlobeTel's Russian investors remains a mystery”, when the Russian press has clearly identified Suleiman Kerimov (use http://www.systransoft.com/index.html to translate the web pages http://www.b-online.ru/articles/a_10566.shtml and http://www.ispreview.ru/inews2449.html). Those articles quote Anton Averin of Nafta-Moscow as saying that they are making the investment. Kerimov controls Nafta-Moscow.
You say, “Especially since GlobeTel seems to have no technological advantage, as evidenced in its regulatory filings, where it explains that the equipment and software it uses are readily available from major suppliers on the open markets?” I can only assume you are referring to this statement in several of Globetel’s 10-Qs:
“The Stratellite(TM) will allow subscribers to easily communicate in "both directions" using readily available wireless devices.”
Your statement is really laughable. Globetel is saying that there are any number of communication devices that are available on the open market that would work if based on a Strattelite and you extrapolate that to mean that a WiMax base station is readily available on the open market. You’ve discredited yourself twice with the one statement. First, you’ve obviously twisted the intent of Globetel’s message and, second, you’ve stated that you believe that WiMax technology can be easily bought on the open market right now.
You say, “Never mind that the Internet-broadcast blimp is already a decade-old bad dream.” I’m quite certain that you know that the U.S. Government has a contract with Lockheed-Martin to develop just such a “blimp”. The U.S. military is absolutely salivating over a vehicle like the Strattelite, as observed in these links: http://www.airpower.maxwell.af.mil/airchronicles/apj/apj05/win05/tomme.html, http://www.rand.org/pubs/technical_reports/2005/RAND_TR234.pdf#search='High%20Altitude%20Airships', and http://www.onr.navy.mil/nrac/docs/2005_tor_lighter_than_air_flag_brief_final.pdf. Why does the military want them? No, it’s not so the military can offer broadband to the public. It’s because these airships make near ideal communications platforms. That Sanswire sees the commercial potential is hardly a knock on them.
You say, “Does anyone really think that established wireless giants like Mobil Telesys or VimpelCom (NYSE: VIP) -- which together account for some 90 million subscribers in the former Soviet states -- are simply going to let some upstart come in and eat their lunch?” First, I’ll educate you a little bit about WiMax. Devices were certified as WiMax devices for the first time just this week. What Globetel is selling as WiMax is usually called pre-WiMax, because, although it is a form of WiMax, it hasn’t been officially certified to the standard. That couldn’t happen before now because, as I just stated, they just started certifying devices. So using this technology at this point, is a bit risky. If you fail certification as is, you either have to go back and modify all of your equipment to be compliant or you have to exist solely on your own equipment, which is fine, but customers might not like the lack of choice in hardware. Many big companies, like the ones you cite, would rather wait until they can get the officially certified technology. Many others, like Verizon here in the states, have taken the gamble and begun rollout. Combine that information with the fact that the companies you state already have a large amount of existing infrastructure that they’re not dying to replace and the $600M it would apparently take to make that replacement and you can see why those companies might move a little sluggishly.
Now, you probably know much more about the financial dealing you cite in the article than I do, but it looks to me like Globetel made a profit on the transaction as well as acquiring all of the networking equipment of CGI. I admit the transaction looks a little “creative”, but I’m not sure I can really complain about a net profit with some hardware thrown in to boot. It looks to me like they had some plans that weren’t coming to fruition, saw that because of increases in the price of their stock, they could jettison the deal and make a little profit. Your article states that all of the shady dealings associated with ATC/CGI happened in or before 2002 and GTE bought what would have been a distressed company in 2003. It is disconcerting that GTE didn’t fully disclose that information to its shareholders, I agree. If you had stuck to that point and didn’t put a bunch of nonsense in your article, you would’ve made a lot of sense. As it was, you impugned yourself to all of the shareholders who really follow the company. I’m sure you’re tired of hearing from us, but we really do know more about the company than you do and so we feel we must defend Globetel from what are obviously baseless accusations.
Regards,
XXXX XXXXXXXX
<hr>
I know many here don't like that I even responded to it, but some were wondering why no one rebutted the article. So there it is. I also copied Bill Mann on the email, who is senior editor for investing at Motley Fool.
I agree. I don't usually read the TA board because I don't care about daily price fluctuations, but I want to know institutional investor changes. I really don't see how it has anything to do with TA.
"The fact that the Strat is on the agenda for Edwards testing is the primary approval."
I didn't see anything in the PR that said the Strat is on Edwards testing agenda. I think you're reading things into the PR that aren't there. And if even it was there, I don't see how that garners "primary approval" status.
Where do you see that?
"Flight schedules over Edwards Air Force Base will be provided after Edward's Test Range approves Sanswire II for flight. "
That doesn't sound like they already have approval to me.
It reads to me that FSS has 120M cards in use. I don't know that it has anything to do with GTE.
Not so sure about that. GTE amended the agreement at some point to basically say that they'll decide whether or not terms of the agreement have been met based on whatever criteria they choose, rather than those originally published. Plus, they keep putting information about that agreement in every financial report that comes out. Seems like if the deal was dead, they'd quit reporting it.
On the other hand, Molen and Vern are gone and the strat program seems to have taken a drastically different direction from the one that GTE bought.
So "The Right Way" is for a few privileged investors to have access to information that the rest of us do not?
Besides, we're all investors here, and as investors, we'd like to see the share price increase. If the information was shared, that would help.
This post:
http://www.investorshub.com/boards/read_msg.asp?message_id=9127897
said it's going to be released publicly anyway. Why not share it now and help drive up the stock price? Lots of lurkers on this board that would love to see it.
Regarding KCSA, they were listed as a client on the web site for awhile, but at some point GTE decided to move PR in-house, which means no more KCSA. GTE said the job just got to be too big to hire out, if I remember correctly.
Great! Since it's not an issue anymore, will everyone who downloaded material now share it with those of us who didn't get to see it? I'm sure there are a bunch of us who would like a peek. If it's as good as you guys say, sharing should help the stock price alot.
A signal moving up through the atmosphere will travel much further than one moving across the ground because there's no interference from trees, hills, buildings and the ground itself. In actuality, the signal goes in all directions, but if the path from the signal to the antennae has less interference, the signal will travel further.
But I think you miss the point by focusing on a single technology, like cellular, with its inherent limitations. The point is that once there's an enabling technology, like a strat, other technologies will be developed to make use of its strengths. The strats will probably roll out with WiMax, which will allow internet access and VOIP communications, TV and radio, but if there's a better way to utilize the new communication platform in the sky, it will be developed in short order.
SEBASS has two big problems:
1) He consistently posts incorrect information
2) He reposts and reposts the same questions (usually with something from #1)
I'm not against having a negative viewpoint on the board, as long as they're serious about it and help all of us understand the downside of the company. Sebass does not do that. He is there simply to get attention. Because he is wrong so often, you can't trust anything he says and he says the same things over and over.
Rocky has done a great job of making it easy to find out about the company and to discuss the company in a meaningful way. Sebass disrupts all of Rocky's work.
I'm sure you can find Rocky's replies to Sebass faster than I can. If you look at those you'll see a ton of instances where Rocky corrects Sebass's information. And if you read 10 of Sebass's posts, I'm sure you'll begin to see that he repeats himself endlessly.
It's not showing for me either. And I have "Hide Board Info" links, not "Show Board Info".
Looks very cool, but not flexible or lightweight, so probably not a good fit for GTE's needs.
Even with Sanswire 2 and 3, the 18 months number is a goal, not something that they will likely be able to accomplish in early models. I surmise this because they are still, at this late date, evaluating power systems to see what can be done.
Expectations around here being what they are, I thought that should be clarified so that some of us are not disappointed when the first ship can't stay up for more than a month or even a few days.
I thought we the statement was that we would reach profitability excluding Sanswire. The assumption was that Sanswire would still be losing money.
I agree that's likely, but has there been any official indication that old Sanswire shareholders won't be getting that second dividend?
"the company went to hedge funds and offered them the right to short as much common as they wanted to in return for lending them money. The hedge funds obliged. "
Only one problem, SEBASS. GTE has not offered any hedge funds or anyone else the right to short as much common as they want.
Wow, I've been very impressed with the people they've been able to get on the BOD. A guy like this has options, he doesn't just sign up for every BOD position that comes along. He has been behind the curtain and came out a believer. Likewise, Rick Searfoss and Laina Raveendran Greene are people that need to be impressed before they'll put their name on a project and the fact that they have speaks volumes about this company.
How ridiculously easy would it be for the US to shoot down a stratellite? The US government is not worried at all about other nations having one. They'd love enemy nations putting a bunch of money into something that they could shoot down so easily.
New board members firm at http://www.jdlpa.com/. If you google him, it comes back with a good bit, none of it particularly impressive or disappointing.
If he had just said the stock was speculative, I wouldn't disagree. But he implied that management was crooked. There's a big difference.
We're saying no shorts are available here, lowtrade. That link indicates the use of shorts.
Still makes no sense to me.
Yes, they could drop the price on their sell orders in order to lower the price, but then (1) they have to have enough shares that they can influence the market and (2) they've sold their shares at a lower price than necessary. If they want to have the same amount they started with, they'll have to buy them back at some point. The market is governed by supply and demand principles. By selling, they increased supply. When they go to buy back the shares, they'll increase demand by exactly the same amount that they increased supply formerly. Unless they get lucky and some other dynamics affect share price in their favor in the interim, they'll end up exactly where they started and it's just as likely that dynamics will affect share price in the opposite direction.
What do I miss?
The market is then going to crash the price in order to scare people out, and get these shares in the hands of a buyer that will lend them
This seems to me to fly in the face of common sense. How will the market crash the price? There aren't any shares to short in this scenario, so no one can use that. There's the normal buying and selling pressures, but with a lack of short selling pressure, total selling pressure has to be less than it would be with short selling pressure. Are you saying someone is going to sell their shares at a loss in order to get them into the hands of someone who will short them. I don't see any rational person or organization doing that and I don't see how removing shares from the borrowable pool can possibly work against us.
None. GTE needs all of its cash to finance operations at this point. It can't afford to be buying stock.
The SHO list shows more than just a threshold breached. It shows whether or not buyers are covering their short interest. GTE can be shorted 1,000,000,000 times a day for all we care if all the shorters cover their shorts the next day. The SHO list shows that someone has not covered their short for an extended period of time-- a naked short.
I wasn't trying to make an argument, just explaining what he was saying because you didn't seem to be understanding it.
Considering that DSTI's stock has moved in correlation with their ANNOUNCED sales, I doubt it's related at all.