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That still begs the question....who bought it and what are they going to do with it??????
Does anyone know anything about the new owners of Magicweb? Who are they, what are their plans, anything? How can they expect investors when we don't even know who owns the company and where they are going.
Nerd, thanks for the reply and link. It does clear up the conflict in my mind. I don't think they are true competition for GTE. How much payload can a ballon hold in a stationary position and for how long. My guess, as I am not an engineer, is not much payload nor for very long.
No intrusion at all. I am trying to clear up in my mind what seems to me to be conflicting stories. Those questions you asked symphyl are of course most significant. If it was done with no payload to speak of and basically reached altitude and came down then I beleive Cyber Defense is guilty of some over-statements. As you say, many uav's have reached that altitude before but not news worthy for obvious reasons. I guess I am just getting paronoid that someone is going to come out of nowhere and beat us to the market.
But 20k feet has not been done by Globetel and has been done by Cyber Defense correct?
Rocky...I am hoping you can clarify something for me. A few days ago a link was posted here about Cyber Defense and thier UAV. In the sec filing it stated that they have already flown and tested at 20,000 feet. Crashtest tells me that this was known by all and the design was sans old one that was scraped. In your last post you say that this concept is a science experiment that has never been done before which is what I beleived it to be also. Can you help me understand why Cyber Defense is claiming to have had successful tests at 20k and are close to the goal of 65k and Globetel investors are assuming as you do that it has never been done before. According to the sec filing they seem to be ahead of us in this race to market. http://www.investorshub.com/boards/read_msg.asp?message_id=12514396t.
http://www.investorshub.com/boards/read_msg.asp?message_id=12517565
Crash...it says in cybers sec filing that they have tested to 20,000 feet already. It seems by this statement they are actually ahead of SanswireII in terms of testing etc. And why was this testing at 20k feet not covered by any press? I was unaware of anyone testing at that kind of altitude. Am I alone here with my head in the sand or was this not known by anyone else.
df, I didn't mean to imply you were the one blaming the naked shorts. This thread started when glow beatle said in an earlier post that he felt "naked shorts are the reason we are in this mess" and to that I replied accordingly. Between glow and Danielle I just can't read another post absolving GTE of any blame for the mess we are in and stating unequivocably that it "those damn naked shorts". We have alot more legal shorts playing games than naked shorts. They may have contributed to the mess we are in but by no means responsible for all of it the way some posters have said. There has to better ways to do due dilligence instaed of posting links to stories and statistics about naked shorting. It is just driving me insane reading this useless crap.
dfmantx, yes Amex has blame here too but to throw it all on the naked shorts is just plain niave. To say we are where we are because of them is not accurate. Some are spending way too much time on an issue that neither GTE nor the SEC for that matter,can control.
Surely you are not serious when you say:
"Naked shorting is the primary reason we are in the mess right now...and the AMEX who is supporting it. Get real."
How about these for starters;
1) Russian fiasco
2) Strat delays
3) Questionable funding deals
4) 15/1 RS
5) attacks from press
These are the reasons we are in this mess and these are the reasons we are getting killed by naked shorts. The blunders and misfortune came first and then, like vultures, came the naked shorters. You are wasting your time blaming the naked shorters for our woes.
With all due respect Danielle, it was pertinent 4 months ago but not now. Naked short selling is an issue with the market but right now we have much bigger fish to fry. We have an angry AMEX taking our listing away, we have a strat that we think is going to fly soon but are very much in the dark about details, we think centerline is making money but again not sure, what's up with magicmoney rollout, (who in the hell knows), we have the press attacking at will and lawsuits up the wazzoo, we have a pps that is shrinking by the hour...shall I go on? And with ALL of these issues, the proverbial ball is in the court of GTE. They and they alone can shed some light on the real things that need attention right now and enlighten the shareholders ASAP. We need information that they can provide but instead we waste posts on naked short selling. Frankly that is the least of my worries right now. The issues stated above are issues GTE does have control over, they do not have control over naked short selling and thus shouldn't be spending one minute of their valuable time on it. They should be spending time on issuing a News Release about the state of GTE and assure us that they are working their collective ass off to restore a stable pps and updates on current projects and tests etc.
Danielle, Got your pm and I am contacting my nephew. I am on vacation with my family and came to check emails etc and am trying to catch myself up on the GTE saga. It is a good thing for me the camp has a very slow annoying hotspot wifi connection or I would be glued to the pc for the rest of the week and totally ruin my vacation. Hopefully we are halted pending blockbuster news and we will all be happy soon. Meanwhile I need to go have fun with the kids and not think about what may or may not happen to my already beaten up portfolio!! GLTA!
True Doc but don't forget the DECT and VoIP. We have it and it is what seperates us from them. DECT adds another stream of revenue to a provider selling WiMax as well as VoIP does. To make an analogy, it is like your CATV provider offering only basic cable without the ability to offer premium channels. The concept is good but add the premium channels to the package and now your talking. More revenue, more customers blah blah blah. First to market is always the best policy but if your product is truly better than the rest you will get your market share.
Edge, personally I don't think the deal with Clearwire provides a threat to GTE in any way. A)Clearwire will be chasing the American market while GTE wil be focusing on a foreign market. B)Clearwire is Internet access only while GTE offers DECT technology within its WiMax service. C) Clearwire will not offer VoIP and GTE will. There are more reasons not to be worried about an Intel and Clearwire marriage. Read some of the many insightful posts here explaining what makes GTE stand alone in the WiMax.
Miggy, you talk about truth and us not wanting to hear it well I have a question for you. What the hell are preliminary hearings in a class action suit. You don't have "show cause" type hearings in class action suits but anyway when were they, who was there and what was said. Which law firms were present and who are the lead plantiffs for each lawsuit. Do you have any info to back up your statements. Please show me the light and shine some truth on me or keep your "truth" to yourself please.
"certain proprietary technologies"....can anyone explain further or am I just not seeing the picture. No pun intended!
Do you know of a time line when it will be ready for military and commercial sales. From what I understand GTE owns the technlogy but I don't know if it is ready for market yet.
Logan did I hear Tim right when he stated the hardwing uav can fly for 2 days with a payload of 2000 lbs on each wing. I am almost sure it is what was said. If that is the case can you imagine the military apps for that!
justfrank and all...yesterday I could not see the link on GTE website either. What I had to do was go into internet security settings and list GTE as a trusted site. After I did that the link came up. For some reason my firewall was blocking it. I use verizon dsl and the firewall is built in so maybe others will have that problem too
Sorry ken but I still don't see a link. I see "view all press releases" and I see "See a clip of our new airhip" nothing about video
I don't see it ken. Do you have a link.
2 completely different technologies PNizzle. Video over wifi is streaming video not live and Magicweb software doesnt support wifi. Much more sofisticated, it is like having a rotary dial phone in the house when tones are needed....2 totally different technolgies.
Key words Pit...low trust + high frustration = $1.10
justfrank I got it verified also by Magicweb and Rob at GTE. It was not hype but fact as told by both companies involved. I will be happy to post the reply to my email if there are any doubters.
Not to mention tcr all you need with Magicweb is an internet connection which we all know they had plenty of! See logans blog. Wrong connections is bigtime bs.
Is anyone curious why we have not been told of a signed contract with a deposit that has been received. Mide had said in one of his informative posts that Dumas alluded to the fact that we have just that, a signed deal and money in the bank. No pr and I don't understand why they would let the pps drop even further today without a positive pr like that one.
Emotion is not driving my comments on this issue. Common sense is. If someone accuses you of stealing do you defend yourself or walkaway in silence? For the sake of the shareholders and your own reputation that explanation should have been told long before now. That fact could have been easily verified by Mr. XXX from Amex. Are you saying that the fact he was forced to pr it is not relevent?
Not only that but wouldn't things like that have been tested long before now. How can they send the strat up without knowing these products work. I would love to know what hasn't been tested yet. Considering the entire thing needs solar power to stay operational why is this just coming up now.
Well his beleif is wrong then. Most people would completely understand about having a technical difficulty resulting in a delay. They may not like it but a delay that is known about is better than one not known about. Ever sit in a plane waiting for takeoff for 2 hours getting more and more pissed because the plane isn't moving. Well in order to curb displeasure from the passengers the pilot gets on the speaker and says "We are having an issue with XY and Z so we need to clear this up before takeoff, Thank you for understanding and we should be cleared to takeoff shortly" Well now sitting in my seat I am not thrilled with the delay but I now know about it and feel a little better. What the hell is Huff thinking.
Crash I don't question at all how they handled it when it was happening. I have no issue with that. My isssue is after it fell through why did't Huff tell anyone he was forced to pr it. It would have taken him and GTE off the hook and not look like they did it to intentionaly drive up pps and scam investors. That was the premise for 95% of the bad press we got from the Russian deal. That we were being scamed by a shadey company is what the press wrote about. That is what hurt us badly, the scam accusations. He could have put out the fire with one statement....."We did not want to tell investors the deal had been signed until the money exchanged hands but MR. XXX at Amex insisted it get pr'ed. There was never any intention by GTE to hurt our shareholders" That would have been all it took to shut Seth up but no we get that little tidbit at the shareholders meeting. Huge booboo in my opinion.
When the Russian Fiasco was "explained" at the shm Huff said the deal was started by Hotzone before GTE bought them and he also stated that he did not want to pr the event but Amex made him do it. My question is why on earth did he not give that information to Motley Fool or the NY post or the lawyers sueing us before those people did the damage that they did. The fact that the deal was pr'ed and after it went south, those people printed stories that made it look like GTE staged the entire thing in order to drive pps up and thus scam the investors. If Huff tells them the information that he told at the shm those articles may never have been written. The press we received from this Russian deal gone bad has been the one single thing anyone can point to when talking about our dive from $3+ to barely $1. It put doubt in everyones mind about the integrity of GTE and has forever damaged the reputation of many even though no wrongdoing was done. There were more than a few diehard longs here questioning weather GTE was legit or a scam. With the information that Huff had no control over the pr, no person in their right mind would blame GTE and accuse Huff of attempting to scam investors and thus GTE would not be in the position they are in right now. The street doesn't beleive a word they say (just ask the shorts) and this company has gone from a speculative stock to a "show me the money" stock all because they sat on a very important peice of information that could have been used to defend their actions. PPS would be much higher IMO if something was said long ago to stop the bleeding. And now we hear of a 4 to 6 week delay for the strat that wasn't pr'ed that in my opinion should have been. As Low said, Huff is one hell of a salesman. Most in attendance for the meeting walked away with "irrational exhuberance" after hearing that all will be well soon. But what I am seeing from here right now is Huff damaged GTE worse than I thought because he didn't even have the sense to defend himself or the company when the truth would have done very well, we have world changing technolgy that is not patented, (ask Steve Jobs how that stratagy worked for him), a strat that still has structural issues and has not left the ground yet, a supposed deal with Mexico with a down payment that has been received that hasn't been pr'ed yet while our pps drops further down the toilet. Other than Dumas and Huff and Rob and Jones being really great guys and really hard workers is there anything else I can hang my hat on. I am a long and will continue to be long but I just can't share in your exhuberance right now.
The bright side of all of this for me is that I still have plenty of time to add to my position. I agree the strat is very far from ever producing 10 cents of revenue but I still feel GTE will make many investors wealthy. The pps is going nowhere without serious profit shown in other divisions and it will not get astronomical until the strat is flying. IMO we will not see 2 bucks this year. There will not be enough profit shown or enough faith given by investors to inflate it on hope and trust alone. I am here for the long haul and will look to stay in my accumulation mode and buy as much as I can afford. I am not sure why some are so giddy from the shm. What we got is still no profit on 4 out of 5 divisions and a strat that is still having structural issues while still on the ground. Same ole same ole as far as I can tell.
It is still in peices garbageman. Wont be rolled out for 4 more weeks
This is from the April 10 pr stating gte goals. This goal was not even close to being met and we should have been told. It is june 21 and sans2 is not even built yet. the good news is the parts are there. You gotta be kidding me!
-- 30 June 2006: Sanswire Networks, GlobeTel's High Altitude
Airship program, will have completed the tethered testing of
its Sanswire II technology demonstrator and will have
performed an un-tethered free flight test at a significant
altitude
Kind of scary yes....that would make it an outright lie during the interview. I think it was done June 15. My speakers don't work on my office pc so I can't play it back right now but I remember him stuttering when he said it too. I am very upset we were not told of a delay. Seems to me the solar film and a structural issue would warrant a little concern from investors. I am not the type that needs a daily pr but a testing delay of 4 weeks is rather material.
I cannot beleive the testing has not even begun and we have not heard a word about the delay until now. It is absolutely now wonder at all why our pps is in the toilet and noone is showing any interest in this stock. Now I know why the shorts have not been running to cover...why would they. During the wall st.net interview he said testing had began. Am I mistaken here. If I am someone set me straight.
You do pay the lawyers. They take their cut right off the top well before you or any other investor gets anything. You would get what is leftover after they are done pillaging. And this is assuming any illegal activity took place and is proven in a court of law
Get your checkbook out Fortune!!! You get to pay the lawyers for all of their hardwork and then you may get to recoup 1 or 2% of your investment. Atta boy. Wow you are a real savvy investor. Instead of selling now and getting most if not all of your money back. I guess you will show Huff though huh. Don't mess with Fortune500 because he is mad as hell and he isn't gonna take it anymore.
Ken, I think "they" whomever they are are more to blame for our current pps than GTE is to blame. Be it a crooked specialist or short sellers with a ton of money, or a russian con artist, GTE has had to weather a pretty nasty storm on all fronts. With the crap being tossed at them from all directions it is a testament to Huff that we are still breathing. I think he is doing very well under the circumstances.
Can anyone tell me what will happen to the financing deal if the pps is not at the $2.25