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Thanks Cordog!!
But still, I believe that your point 1 below was breached this time.. Read my previous posts... I was trying to sell on the way up (but had bought on margin), and only achieved to sell way down (without a loss, but without the double-bagging I had expected!)
Thanks,
Japbrat
P.D, Time for me to sleep too, its 2 am over here!!
Japbrat: Sometimes others will have priority over you if
1. A sell trigger was placed earlier than yours. Or people route it through to a router than happens to have shares that offer they highest bid price posted.
Cordog: Thanks for the advice and will look into it, but, as my alias highlights, I am based in Japan and that limits me somewhat as to what brokerage firms I can sign up tax free without goosebump chases later on. Gracias, JapBrat
I am more worried as to who has "sell" priorities in a dump!!
I absolutely did not like what happened to me today.. worse, I did not even expect it!! What I can confide is that there appears to be a buy and sell order here, in which I believe the individual investor is at odds, and at the bottom of the ladder...
JapBrat
Don't go to sleep before you sell and realize your profits!!
This stock is pure speculation, as far as I am concerned!!
Make your profits, but quickly.. No point being long!!
JapBrat
I believe it will take a long time before we plus 1 again...
This drop on heavy volume is a strong indication of that!
JapBrat
This time I purposely tried to sell in the rally at 1.15 just before reaching 1.18, quite a few shares, mind you, to no avail... TD Ameritrade brokers for me, always seconds after I ask, but exceptionally not in this case, were I had to cancel one after another limit sell and the put it on sale at market price to finally sell at .65.. not my idea, and almost freaked out on the lack of "priority" I was in the sell order.
While I've dealt with complicated OB shares before, such as GTEM (now SNSR), I do realize I am a "commoner" on the downside!
JapBrat
These MM's sure are a greedy bunch, aren't they!
I fully agree with you!
Japbrat
I would not consider it a dip...
And if you're not in the dead cat bounce yet...
Take care!!
JapBrat
When going down? I was trying to get rid of these shares then (and locking in a handsome profit, which was not to be allowed)...
MMs, lots of manipulation beyond our control when in these phases.. beware (and either put in or take off the table in those circumstances).. or risk the chance of being fleeced!!
JapBrat
I whole-heartedly agree with you!!
And let's drink to our profits,
Cheers!!
JapBrat
Temporarily OK, but should not be "legally OK", if only MMs and others have "first hand spoils" before the commoner..
All I'm doing is trying to get on their own same boat to make a profit before they actually sink it on purpose.
I am not in favor of this favoritism, but will jump on the boat if I can (as long it is allowed)...
JapBrat
Just about "POTENTIAL" stuff, nothing CONCRETE, mind you!!
JapBrat
Motley fool did put out its notice that this was a "scam" late yesterday, but surely just after they put in their short orders - which of course they have sold again just under .50!!
Enjoy the ride!!
JapBrat
Dream on...
JapBrat
You're lucky!!
I tried to sell 10,000 at first @ 1.15 before it reached 1.18 but never got my order thru. Then the debacle started, and I started to put in sell orders 2 to 3 cents lower than current trading to get rid of the shares, just to see my orders being ignored by TD Ameritrade. Then put in market orders just to see them not realized until it got to .65!! I did buy GVBP on margin, but clearly see that MMs have a distinct advantage, as do those that do not buy on margin, as I cannot believe I was not in line for the sell orders...
There appears to be a lot of collusion in these bump and dump schemes.. And even if I did obtain a very small profit on this one (I was expecting to at least double the take), I still believe these schemes should not be allowed to prosper...
JapBrat
So, you guys still asleep? Wake up and smell the coffee!!!
Here comes Seifert's hat trick!! Tada...
That should pump up the pps, at least for today!!
JapBrat
Back in the game???
Cheers!
JapBrat (re: old bagholder)
Form 8-K for SANSWIRE CORP.
--------------------------------------------------------------------------------
5-Jun-2009
Change in Directors or Principal Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 1, 2009, the Board of Directors of Sanswire Corp. (the "Company") appointed Thomas Seifert ("Mr. Seifert" or "Executive") as a Chief Financial Officer of the Company. There is no understanding or arrangement between Mr. Seifert and any other person pursuant to which Mr. Seifert was selected as a Chief Financial Officer. Mr. Seifert does not have any family relationship with any director, executive officer or person nominated or chosen by us to become a director or an executive officer.
Mr. Seifert has served as a consultant to the Company since April 2007 and has more than thirteen years experience in financial management. Prior to joining the Company, Mr. Seifert served five years as Chief Financial Officer of Globalnet Corporation, a public telecommunications company. Past positions include Chief Financial Officer of 2Sendit.com, Controller for Integrated Telephony Products and Controller for Mountain Vacations.
On June 1, 2009 (the "Effective Date"), the Company and Executive entered into that certain employment agreement (the "Employment Agreement") whereby Executive was appointed as Chief Financial Officer of the Company. The Employment Agreement has an initial term of three years from the Effective Date (the "Initial Term") and will automatically renew for consecutive one year terms until such time that the Employment Agreement is terminated unless otherwise terminated by either party upon 30 days written notice or upon termination for cause. Pursuant to the Employment Agreement, Executive is to receive an annual base salary of $200,000 per year, subject review by the Board of Directors on an annual basis (the "Base Salary"). Upon execution of the Employment Agreement, Executive was awarded a signing bonus of 1,500,000 shares of the Company's common stock, $0.001 par value (the "Common Stock") and an option to purchase 500,000 shares of the Common Stock of the Company at an exercise price equal to $.14 per share. Executive will also be entitled to receive an annual bonus in the form of cash and/or equity compensation in amount equal to up to one hundred and fifty percent (150%) of Employee's Base Salary. Executive shall also be entitled to receive additional equity compensation in the amounts and upon completion of the following milestones as set forth below: (1) 1,000,000 shares upon the Company commencing trading on the OTCBB; (2) 1,000,000 shares upon the Company commencing trading on a national trading market; (3) 1,000,000 shares upon the Company successfully filing timely SEC reports for a period of 12 consecutive months; (4) 1,000,000 shares upon the closing of financing of at least $2,000,000 in gross proceeds, in the aggregate, commencing from the date of initial appoint as CFO on June 1, 2009; (5) 1,000,000 shares upon the Company's market cap reaching $75,000,000; and (6) 1,000,000 shares upon the Company's market cap reaching $125,000,000. Executive is entitled to participate in any and all benefit plans, from time to time, in effect for senior management, along with vacation, sick and holiday pay in accordance with the Company's policies established and in effect from time to time. Executive's employment with the Company may be terminated at any time, with or without cause or good reason. In the event that Executive's employment is terminated by the Company prior to the end of the Employment Agreement for any reason except cause then Executive shall be entitled to payment of salary, benefits and bonus for the twelve (12) months following such termination and shall be entitled to a pro-rata bonus for the term thereunder. Furthermore, in the event of a Change of Control (as defined in the Employment Agreement), all shares covered by any options held the Executive, plus an additional 5,000,000 shares of Common Stock, shall accelerate in full and such options shall immediately become exercisable in full, and such shares shall be issued to the Executive. To the extent permitted by law, the Company also agreed to indemnify Executive against any claim or liability and will hold Executive harmless from and pay any expenses (including, without limitation, legal fees and court costs), judgments, fines, penalties, settlements and other amounts arising out of or in connection with any act or omission of the Executive performed or made in good faith on behalf of the Company pursuant to the Employment Agreement, regardless of negligence or personal responsibility or other.
The foregoing information is a summary of each of the agreements involved in the transactions described above, is not complete, and is qualified in its entirety by reference to the full text of those agreements, each of which is attached an exhibit to this Current Report on Form 8-K. Readers should review those agreements for a complete understanding of the terms and conditions associated with this transaction.
Item 9. Financial Statements and Exhibits
Exhibit Description
Number
10.1 Employment Agreement, effective June 1, 2009,
by and between the Company and Thomas Seifert
Here are some more tech details on the Kizuna Satellite...
To be true, I had never heard of it before they actually launched it, so I would not construe the following NRs to be GTEM-style Fluff...
Cheers,
JapBrat
February 23, 2008 Updated
Launch Result of the KIZUNA by the H-IIA Launch Vehicle No. 14
Mitsubishi Heavy Industries, Ltd. and the Japan Aerospace Exploration Agency (JAXA) launched the super high-speed Internet satellite "KIZUNA" (WINDS) by the H-IIA Launch Vehicle No. 14 (H-IIA F14) at 5:55 p.m. on February 23, 2008 (Japan Standard Time, JST) from the Tanegashima Space Center.
The launch vehicle flew smoothly, and, at about 28 minutes and 3 seconds after liftoff, the separation of the KIZUNA was confirmed.
--------------------------------------------------------------------------------
Press Release
Launch of KIZUNA/H-IIAF14 Special Site
Overview
--------------------------------------------------------------------------------
New Internet Society with Satellites
Aiming for a society where anybody can get information anytime, anywhere
KIZUNA (WINDS) is currently under joint development by JAXA and the National Institute of Information and Communications Technology, as part of the e-Japan Priority Policy Program of the Japanese government's IT strategy headquarters. KIZUNA was launched by H-IIA Launch Vehicle No. 14 at 5:55 p.m. on February 23, 2008 (Japan Standard Time, JST) from the Tanegashima Space Center to establish the world's most advanced information and telecommunications network.
It is expected that this information and telecommunications network's speed and capacity will be much higher than anything achieved previously. KIZUNA satellite communication system aims for a maximum speed of 155Mbps (receiving) / 6Mbps (transmitting) for households with 45-centimetre aperture antennas (the same size as existing Communications Satellite antennas), and ultra-high speed 1.2 Gbps communication for offices with five-meter antennas.
In addition to establishing a domestic ultra high speed Internet network, the project also aims to construct ultra high speed international Internet access, especially with Asian Pacific countries and regions that are more closely related to Japan.
KIZUNA project is responsible for the demonstration of the validity and usefulness of technologies related to large-capacity data communications in our space infrastructure project, "i-Space," the purpose of which is to promote the use of satellites in such fields as Internet communications, education, medicine, disaster measures and Intelligent Transport Systems.
KIZUNA (WINDS) satellite communication system uses the latest technology to create a faster, more efficient and more convenient communications environment.
KIZUNA will lead to ultra-high speed international Internet-based communications. The technology takes advantage of the fact that satellite communications are far-reaching, multicasting, and disaster-resistant. It will enable high-speed, large-volume data transmission, allowing ultra-fast domestic and international Internet-based communications, in particular between Japan and its neighboring countries in the Asia-Pacific region.
Ultra-fast satellite-based Internet-based communications will remove the so-called digital divide by providing high-speed Internet service in areas where the terrestrial communications infrastructure is poor. Among other uses, this will make possible great advances in telemedicine, which will bring high-quality medical treatment to remote areas, and in distance education, connecting students and teachers separated by great distances.
The Kizuna claims it will provide cover over the most remote areas like in mountainous regions and isolated jungle islands for a total of 19 Asian countries (that's a lot of heads!). However, we'll have to wait and see, as they're also on a pilot/testing mode right now.
Cheers,
JapBrat
the Kizuna Satellite...
Appears to have rendered the stratellite and Huff's vision obsolete, even before the strat ever got OFF the ground!!
http://inventorspot.com/articles/japanese_satellite_provide_super_11016
Cheers,
JapBrat
I'm with you on this one, Owl, and also believe that GTEM is just another yo-yo the Caterham boys like to spin in the dark!
JapBrat
They repeatedly test the technology, and thoroughly, before commiting themselves to buying...
Once convinced they need it, the military will pass it on to their procurement division, which will haggle the price all the way to bits and pieces, unless its a "de facto" required piece of equipment they cannot do without (in today's warfare, not tommorrows..)in the current state of affairs.
JapBrat
Crash, you mentioned the following:
I don't feel that those you cite are responsible. In fact, I would be willing to suggest that they've probably been dealing with the issue, as opposed to being the issue.
But I don't understand you... What are Caterham and Charterhouse responsible of? And what issue are you refering to? There are many issues, so which ones are you focusing on?
Thanks in advance,
JapBrat
They always look at, and further investigate ALL possibilities...
There's no stone that's not unturned by the military..
But only one out of a thousand ends up being useful to them!!
Nothing new here!
JapBrat
Crash, I'd be grateful if you could provide me with a link that mentions that either Caterham and Charterhouse gave up on investing in GTEM..
They're not ghosts until I can read it in the next filing due, unless you believe ghosts only come out on Halloween!!
Cheers,
JapBrat
I believe you are right, Crash, and IMO it has to be Caterham (Kostro's daddy)and Charterhouse, both based in Malaysia, and extremely dificult to phathom. Let's see what GTEM's next filing has to say about them.
JapBrat
GTEM is intimately associated with a Wells Notice, and that's bad for any future business, and hence the search for a new name!
JapBrat
I'm still holding on to my bag, but this lack of news, now that GTEM has also settled with good Ol'Joe, is driving me insane..
I'm sure it'll be a while before we hear from another PR or SEC filing...
Yawn, good night!
JapBrat
Anyway, believe it was the company that telecast GTEM's "LAST" Shareholders meeting...
http://www.kcsa.com/
GTEM should've hold onto them rather than Robby, their P.R. approach mentioned on their website appears to be quite refreshing for a change!!
JapBrat
Thought you would've known and instantly replied back!
My tough luck!!
JapBrat
Here's another Halloween treat!!
http://www.bnamericas.com/factfile_detail.jsp?idioma=I&documento=11921
WOW!! This site with a summary of GTEM "UPDATED 20 August 2007" sure portrays a PIPING HOT Telco operating in just any country you can imagine...
Poor those Latinos that rely on this site!! Nice trick!!
By the way, it mentions (in addition to Bleckman):
P.R. Contact - Todd Fromer
Who is he?
JapBrat
VPN de Mexico assumes control of No Mas Cables de Mexico
There you have it!! Kinda old news too... 22 Oct 2007
I am assuming the headline will do, as I cannot read the article due to the lack of a paid subscription...
http://www.telecompaper.com/news/article.aspx?id=188996
Happy Halloween!
JapBrat
Followingte, I had understood the Magic Money Card was sold off to Gotham for a mere, better said paltry, $4M "payable in 3 years, if they make money", after Caterham (along with its boy Kostro) explicitly plunked $10M in equipment plus another $5M for operating costs into GTEM for the establishement of this magic money business CIRCA 2004. All this in exchange for warrants, preferred shares and common shares of GTEM, not Gotham's!!
(I recall that later there were problems with the last batch of funds from Caterham due to the PPS being lower to the set strike price, and that's when GTE starts having operating cash problems, but never mind that for now).
So, somewhere along the line, it looks like GTEM basically gave away (wrote off) circa $11M of shareholder value in spinning off the magic card business to Gotham, a private co. out of the public eye.
I am starting to get the gut feeling that ol'Joe was just the fall guy (and he's also probably been settled in this latest PR'd lawsuit), and that the SECs look into adquisitions was focusing on this matter, rather, or better said in addition to Centerline and others.
If GTEM is trying to get magic money back into its fold, good for them and us...
But if they are slowly and quietly transferring everything of value to Gotham under the SECs nose, prior to providing the SEC with the updated financials with cero in GTEM and bankrupt - then that could be another reason why its taking so long to come up with the books.
FWIW, JMHO...
JapBrat
Destan, this one is just a Cover Page and doesn't provide any information at all!
JapBrat
Got a clearer picture on the role of TTI on the new Start-up between Sanswire and TAO.
Apparently they will be utilizing subsidised university space and know-how to set up a new joint venture co. FROM SCRATCH..
http://www.tti-stuttgart.de/rubriken/tti_info/folien/Homepage_en.pdf
JapBrat
Merlin,
You appear to be quite good at coming up with GTEM tech-related searches, and I am currently in a quandary as regards GTEM's 50/50 creation of Sanswire-TAO with TAO-Technologies GmbH,as - according to their website - they are a U. of Stuttgart campus agency running the U.s technology transfer initiative (and NOT directly related to Kroplin).
http://www.tti-stuttgart.de/rubriken/technologiezentrum/firmen/firmen_files/tao/
While B. Kroplin's TAO is really called TAO Trans-Atmospheric Operations GmbH!!
http://www.hotfrog.de/Firmen/TAO-Trans-Atmospheric-Operations
and TAOs website is the following:
Web: http://www.invest-in-the-best.com
On this site you will find a page dedicated to the SkyDragon, as per:
Idea: Bernd Kröplin, Frank Epperlein
Design, Engineering: TAO, ISD (NO MENTION OF SANSWIRE!!)
And, if you also go through all the pages of the website you will NOT find one single reference to SANSWIRE or GTEM.
http://www.invest-in-the-best.com/project_skyworm.html
I find this very curious...
JapBrat
P.D. These sites are in German but easily translated by Google.
Are you implying that they are purposely not releasing the "good" facts in order to keep the pps depressed just so their "friends" can jump in at a discount? Legally that's a no-no!
... and if GTEM doesn't get its act together pretty soon, we'll probably be reading all about it shortly from Seth Jason et al., along lines somewhat similar to the following article on Platforms!
JapBrat
http://community.microsoftdynamicslive.com/blogs/financeheadlines/archive/2007/08/08/oh-the-inanity.aspx
Oh, the Inanity!
SEC closes the books on the case of a doubtful dirigible.
Call it a "blimp" on the regulatory radar screen.
The Securities and Exchange Commission Monday announced final judgments against a penny-stock company and four of its officers for falsely claiming that the company, Platforms Wireless International Corp., provided airplane- and blimp-mounted wireless communications systems.
According to the SEC's complaint, "Platforms never possessed any such blimp-based wireless communications platform. In fact, at that time Platforms never possessed any hardware, planes or blimps."
But, says the SEC, that didn't stop the company and its officers from issuing press releases touting the existence of family of five "ARC System Airborne Zer0Gravity AeroStructures consist[ing] of state-of-the-art Aerostat Airships and a combination of Aerostat Airships and High-altitude, Fixed Wing Support aircraft . . . ."
The SEC added that the company "has never had any revenues, income or customers, and has never created a product that is commercially viable, or that even exists."
In March 2001, according to the SEC, Platforms issued a press release touting a demonstration bearing the caption: "Floating Three Miles Above Ground, Platforms Wireless International's New Airborne Relay Communications Systems Proves to Bring Affordable and Flexible Wireless Voice & Data to Rural Markets." The press release continued, "Floating like a massive World War II barrage balloon with an underbelly bulge large enough to hold nearly 1500-pounds worth of antennas and sophisticated communications hardware, the new [ARC System] is poised to be the future communications infrastructure platform for cellular and wireless data."
Although the press release created the impression that the demonstration involved a tethered helium blimp floating miles above the ground in Brazil, says the SEC, it in fact featured a crane hoisting antennas about 20 feet above the ground in San Diego.
In addition to the company itself, the SEC charged former CEO and chairman of the board William C. Martin, former president Robert D. Perry, and former COO Francois M. Draper with violating anti-fraud provisions of the federal securities laws. A final judgment was entered against Platforms, Martin, and Draper for violations of the registration requirements of the federal securities laws.
CFO Charles B. Nelson consented to the entry of the final judgment against him without admitting or denying the allegations of the Complaint. The final judgment against Nelson permanently enjoins him from certain future violations.
Between 2000 and 2001, when the false press releases were issued, the SEC charged, the four individuals profited from payments they received from the company, from illegal stock sales into the secondary market, and from stock sales made directly to investors.
The final judgment holds Platforms jointly and severally liable with Draper and Martin for $402,920 in disgorgement plus prejudgment interest of $121,303 and jointly and severally liable with Martin for $1,353,941 in disgorgement, plus prejudgment interest of $428,049, for a total of more than $2.3 million.
The final judgment also imposes a penalty of $125,000 on Platforms for these violations. The final judgment against Martin also permanently enjoins him from violating certain securities rules.
The final judgment also holds Draper individually liable for $701,236 in disgorgement plus prejudgment interest of $296,968, for total disgorgement and prejudgment interest of $3,304,417.
In addition, the final judgment imposes a penalty of $90,000 for violation two different securities rules, and imposes eight-year officer and director and penny stock bars against him.
The final judgment also holds Draper jointly and severally with Perry for $91,714 of the amount described above, plus prejudgment interest of $26,923. The total disgorgement and prejudgment interest assessed against Draper is $521,199.
The final judgment also imposes on Draper a penalty of $20,000 for one Securities Act violation and $80,000 for other violations. It also imposes seven-year officer and director and penny stock bars against him. He was not enjoined from future violations of the Securities Act.
Also, the final judgment against Perry orders disgorgement of $13,943 plus prejudgment interest of $6,335, representing his individual liability and jointly and severally with Draper, for the amounts already described, for total disgorgement and prejudgment interest of $138,915. The final judgment against Perry also imposes a penalty of $40,000 and a four-year officer and director and penny stock bar. Perry was not enjoined.
Published Wednesday, August 08, 2007 10:00 AM
Sam, just check out the articles pasted into my two previous posts, and you've got your answer, directly from the SEC!
Cheers,
JapBrat