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Does anyone see DigitalGlobe Inc. (DGI) as a possible partner / customer down the line. Right now they use satelites for their imaging but wouldn't the stratelite line work as well and be much cheaper? DigitalGlobe just IPO'd and has cash.
Does anyone have any opinions on this? Or we can use them as the reason to partner with a competitor of theirs.
My thinking is that they were planning on doing everything properly and planned to release a pr prior to the conference call. If indeed the partnership either fell through or has not yet been finalized, then they were not able to PR the news this morning and did not have anything of value to present during the conference call. The conference call was set and announced on Thursday last week. A lot could have happened or not enough has ocurred from Thursday till today and causing the conference call to be modified last minute.
All of this of course is in my opinion but I just can't fantom setting up a call for this morning without some other intention in mind. I believe there is a cost with these conference calls as well. If there was nothing to announce and they are running out of cash, wouldn't it make more sense to PR it and leave it at that?
I wonder if GNTA had a potential European partner to announce and that was why they had scheduled for a Tuesday pre-open conference call and maybe the deal fell through or has not yet been finalized. They released financials and then basically skipped over the financials during the call.
I have a feeling there was something else planned when they set up this call. I'm hoping I'm right and this partnership is still working it's way through the negotiations. Otherwise it makes no sense whatsoever to host a call and give this message on a Tuesday pre-opening. You give the bad news on a Friday afternoon or if you are stretched for time, at least after the close.
Boy, what is going on with the price today and the last couple of days? Is there someone unloading? Today I saw 7K+ shares early and the price was between the mid 0.04s to 0.05s. Not enough shares to move it that much.
Boy with the holiday weekend, it's like a ghost town in here. I sure hope those financials come out soon and we hear more about the tests going on. Sitting in the low .04s is a little hard on the outstanding position. Good luck longs.
Have a great weekend everyone.
http://news.yahoo.com/s/ap/us_solar_plane;_ylt=AtK95QLz8CwaTq5D3XBWEPUDW7oF
QinetiQ says it has broken unmanned flight record By RAPHAEL G. SATTER, Associated Press Writer
Sun Aug 24, 9:27 AM ET
LONDON - An ultra-lightweight plane built from carbon fiber and powered using paper-thin solar panels has broken the world record for longest-lasting unmanned flight, its manufacturer claimed Sunday.
QinetiQ Group PLC said its propeller-driven "Zephyr" aircraft flew for 83 hours and 37 minutes, more than doubling the official world record set by Northrop Grumman's "Global Hawk" in 2001.
The flight also went longer than a previous excursion by the Zephyr, which Qinetiq claims clocked up 54 hours of continuous flight last year.
However both the Zephyr's reported flight times are likely to remain unofficial because they did not meet criteria laid down by the world's air sports federation, the body responsible for measuring and verifying air and space records, QinetiQ spokesman Douglas Millard said.
"We were concentrating more on the flight than the record," he said.
No one at the Lausanne, Switzerland-based federation could immediately be reached for comment.
The 66 pound- (30 kilogram-) plane was launched by hand on July 28 in the Arizona desert in the United States and flown by autopilot and via satellite to an altitude of more 60,000 feet (18,000 meters), QinetiQ said.
Drawing on the power of the sun during the day, the plane stayed aloft at night using rechargeable lithium-sulphur batteries. Its more than three-day flight began on July 28 and was witnessed by U.S. and British defense officials, the company said.
QinetiQ said the Zephyr, which is funded by a host of U.S. and British military agencies, had potential in the fields of reconnaissance and communications
_______________________________________________________________
Continued development in the UAV arena will help the whole industry. Looking forward to waht Sanswire will be able to add.
Dollars from Cents
As predicted, the financials finally make it out and our usual list of suspects are all over it. I think those of us who have followed this company and done any amount of DD knew the numbers were going to be bad.
To me, 2 things:
1) Big step in resolving the issues with financials had to do with the 2006 reporting year. Now that 2006 is out, we can look forward to 2007, and 2008s to bring us to date.
2) Without all the filings, we can't finish our move to the new company name, stock symbol and hopefully off the pinks and onto the OTBCC.
Congratulations longs. The company has really come a long way and though we are not out of the woods yet, we can finally see some light.
Rob, thank you and the GTEM management for coming through on the 2006 restatements. Again, it wasn't as quickly as a lot of us had hoped but it is finally out.
Naysayers, bashers, haters, etc. BEWARE! GTEM is slowly building itself back up and this time it may be to stay.
All comments (pro and con GTEM) are appreciated but please keep it relevant.
Boy, larger volume days and they use a huge spread like 0.065 x 0.08 to slow it down and now the volume is low and they use the tight spreads 0.064 x 0.065 and 0.065 x 0.066.
Tell me this is not being manipulated. Someone(s) is keeping this price down. I'm hopping who ever it is will lose control soon and maybe we will have a/some military / govt order to help pop this baby over $0.50
Run, if Elbit is a partner of ours and they have orders for UAVs, how is that not positive? Even if this order has nothing to do with us, they are receiving orders, paying customers, and very well paving the way for future orders that may include us.
TD Ameritrade as well. 0.065 x 0.25 and then now back to 0.07 x 0.074
Thanks Nil. Glad to find related positive news out there. I'm really hopping we are coming around that corner and leaving behind all the past trouble and history.
Don't know if anyone has posted this yet. I saw it and thought about our new demo in Germany. These drones only stay up for an hour.
"China to Use Unmanned Security Drones at Olympics" -
http://abcnews.go.com/International/wireStory?id=5307456
Are there games being played? Trades are going through and volume is good and they continue to drop the BA down to 0.61 x 0.65? Boy, this is going to be interesting.
Axel, were you able to find the recent demonstrations listed in the site you found on approved tests, airflights, etc? You used that site as proof that the Strate did not do any flights to the stratosphere in Feb. Just wondering if that site is really a valid check on flight tests in Germany. Thanks in advance.
Mide, I also agree and thank you for posting your findings, info, opinion, etc. I do read your posts so please keep them coming.
Cole, I don't disagree with you that this company has done a poor (to say the least) job so far under the previous management. Jon L was consel then so he was in the mix but not the decision maker.
Mide mostly deals with Rob and management from what I can gather from his emails and if the previous management had done such a sh-t poor job, do you think they would tell him the truth about initiatives that were not panning out?
Rob is IR and I have mentioned this in the past. IR will take what is given them and spin it. That is what they do but they need what is given to them to start with. If IR is fed bad info, the spin is going to be incorrect as well. I have communicated with Rob and I don't think he is out there to deceive. He still has to wear his IR hat on when he communicates with us the general public.
Now granted that the financials are still not out yet but my communications with Rob has not changed. He is also anxious to have the financials reported but it really is up to the Auditors. After the SEC investigation, the auditors are going through everything with a magnifying glass. No Auditor wants their work restated. Their future business depends on how well they can audit a company's books.
It is posted numerous times that you don't agree with Mide nor what he stated. He said what he said and we will probably all hopefully find out soon if he is correct. If not during this series of demonstrations then by October when the Sanswire-Tao will float their ship to the Startosphere (for the first time or again?). If they fail then we know, won't we?
I want to hear all comments good or bad so we can each have both sides of the issues and decide for ourselves what we believe. Beating an issue to death and clogging the posts on this board does nothing but waste our time. I appreciate this board as it is the only decent one out there for this company and I don't want to see it go down to the Yahoo Message Board levels.
Exactly, and this is a stock where the MM are in total control. They can sit on a Bid Ask until the buyers and sellers move towards them. Why move it down unless they want people to sell. Does this make it sound like the MMs are short of shares?
Does it seem that the share price has been held back yesterday and even this morning? Volume is there but the price spread shrinks to a tight .001 spread. Makes one go Hummm....
Rattle, I think there is confusion regarding the change over. This is going to be Sanswire Corp not Sanswire Network which Globetel already owns. As far as the swap, until we know the ticker symbol and details of the symbol change over, we don't know if it is a 1 for 1, etc.
The PR announcements of new developments have been coming fast of late. Within the past 2 weeks, Globetel has announce the approved name change and a forth coming symbol change, the announcement of the Sanswire-Tao US entity and ownership, the new websites with much more information regarding the new Sanswire-Tao business, and now the demonstrations to occur in Germany (with US Government Official attendance).
I have a feeling the second half of 2008 will be quite a different ride for us shareholders. Remember, there is still the planned test to send our airship to the stratosphere and back later this year.
Somehow the share price is still staying in the recent trading range but it will eventually explode to the upside. Just one military deal and this SP can jump up ten folds if not more.
Good luck longs.
It's amazing to me that the news and the large volumes already traded did not pick up the Share Price. I can't wait until we can switch the stock ticker symbol. Maybe we'll see that big move under the new symbol. The other thing is to get to the OTCBB.
I don't post my communications with IR but I feel Rob has been very forth coming (with what he can) and I don't have any reasons to doubt him like some of you on this board do. He is IR and his job is to spin things but he also cannot just make up news. There has to be some basis for what they put out there for the public.
Now with this in mind, I have bugged Rob now and again on the financials. His response has been consistent and it does have to do with the Audit firm going over the numbers with a fine tooth comb. I guess with the issues of the first half of 2006, the Auditors need to be very careful with the remaining 2006 and probably any of the times that Joe and company were still management of the company.
I keep crossing my fingers and hoping that today will be the day. I have a feeling it is well on its way and we can move on shortly. There is nothing I am looking for in the financials (just for them to be reported) for us to move on to the current financials, to get off the the pinks, and to change this GTEM symbol.
Today's news and the websites updates have been blessings because it gives us a peek at the companys and afirms that Glotel has been progressing along all this time. All the naysayers that asks what the company has done, well, you now have answers. I'm sure they will come up with the next thing to bash. Hopeful and long.
Dollars from cents
Checking on Edgar. Nothing yet.
Wow, what just happened? Why is the share price falling apart over volume we have been seeing?
Melvin Weiss gets jail time. Finally some justice for these class action lawsuits that cost companies Millions and end up mostly in the Attorney's pockets.
http://biz.yahoo.com/ap/080602/lawsuit_kickbacks.html
I have to agree with Mean as well. The Accounting firm signed with Globetel and they have no way to validate who we are if we called. Only management from Globetel should have access to gain any information from the accounting firm. Until the financials are reported and published, it is inside information and not to be shared with us, the public.
I really hope these financials come out this evening. Long weekend. Allows bad news to be absorbed before Tuesday's trading day. I think everyone is already expecting the numbers to be bad but it is still bad news and would still need time for everyone to fully digest.
I just switched laptops and don't know if my old laptop was blocking the pop ups or if the pop up was just revived again. Anyone been to the Globetel.net site lately? The pop up asking for the new company name is popping up. I'm just wondering if we are close to the end of this whole GTEM fiasco. Thanks in advance for the responses.
http://biz.yahoo.com/rb/080519/aoltimewarner_sec.html
Humm, doesn't this sound kind of familiar. Even big companies liek AOL / Time Warner can get into this kind of mess.
Anyway hope all of this ends up being a minor fine for GTEM.
I'm still waiting for the Financials and for the company to start sharing information again.
Good luck all,
Dollars
Thanks Trunk but I'm not looking for the financials to do anything for the stock. In fact, the real purpose to get current. The act of filing financials and getting us up to date will drive the SP. The numbers we are all aware will be bad.
I'm also looking for some SP appreciation and the company's ability to move this to the OTCBB. I'm not sure if we have the qualifications yet but until we are current and the details of the company start to come out, we really don't know.
Anyway, the company said they were going to restate financials for 1st half of 2006 and they did. They have worked with the SEC. They are currently fighting a suit from the SEC investigation. I'm hoping they are keeping their word about the rest of the financials and getting us off the pinks.
Good luck,
Dollars
Does anyone have any idea if the financials can be out tonight? I'm grasping here but it is Friday and we all know the financials are going to be bad. Bad news is usually disseminated after hours and on a Friday, even better. Gives investors time to digest the news without over reaction from the market.
Today they are bringing it down on low volume. Don't know if anything has changed. They were doing the opposite just a couple of days ago. This waiting game is very tough for heart and wallet.
Boy, it seemed like it required a lot of volume to move it up until today. Small volume and the bid ask is already moved up. Could the walk down and the volumes be associated with allowing someone(s) to buy on the low?
Well, I for one am happy to see an 8K come out. If the company had not issued an 8K, I would say the company is done. For them to continue following the required reporting on material events tell me they are still operating with viability in mind. It also referred to the Financials being with the auditors with is what Rob had communicated with me. If the current CEO is willing to put this in the 8K during this time, I don't have a reason to doubt them.
I guess I'll wait for the Financials and then news of the other developments within GTEM and hope that the extent of the "lawsuit" is about as large as what Huff settled for.
Good luck all,
Dollar from Cents
Am I missing something here? Doesn't the SEC information already state the actions taken? This is now old news. News that we share holders are finally finding out but still old news. The news articles faults GTEM for not filing Financials since June of 2006. There is no mention of other actions or ongoing activity at GTEM that are being investigated. With all of this going on (SEC investigation) and Jonathon Leinwand being an attourney, do you really think he would dare put out false PRs. So all the recent PRs must have been verifiable or else they would be insane to put them out during the investigation.
With that said, the past is the past. IF GTEM can file financials and get current, they can then concentrate on their current business. I also am under the view that there must be alot more behind the scenes than we have been privy to. To still be operating after all that has happened, to still be trading (even on the pinks) while the SEC investigates and issues their findings and actions says alot about GTEM. Stock price is way down and understandably so.
I'd like to see where the funding has been that has kept this company afloat and what has been going on behind the scenes in the past two years for that funding to continue.
All my opinion of course. As for Rob, he is GTEM's IR. His job is to spin situations for the best of GTEM. He is also fed information to do so and probably not in the know most of the time. He tries his best to answer questions where he can (with his IR spin of course). I have been very respectful in my communication with him and he has also in return. I think those of you who don't receive responses might not have been as respectful. I have put in an email to him but no response yet. I have a feeling there is work on PRs, K8s and other types of communication going on. It may appear after hours today. (generally the case when the news is not good)
Anyway, I have been a long a long time. Have lost a lot of money here but can only stand by and hope all this plays out to a happy ending. I wish you other longs luck. Bashers, you have your rights to your opinions but please keep in mind many of us longs are very vested here and are down quite a bit on paper.
Let the bashers have their moment to gloat for the past actions, let GTEM file financials and get current, let GTEM announce the funding sources and what they have in their pipelines, let GTEM announce all the accomplishments that have occurred in the past 2 years, let GTEM change their name and trading symbol, and let's get off the pinks. My opninion and hope.
Dollar from Cents
What is going on? Decent volume but the bid ask is down to .086 x .088 with a tight .002 spread. Is this tax selling? Will we get a bounce after?
Yes for a larger firm I would fully expect that. But what GTEM has gone through and what they are right now?
GTEM is operating with minimal staff and I don't even know how they are paying their bills at this point.
Any advances in their airships and their other businesses is god sent at this point.
Until we get the rest of the finanicals current and move off the pinks, we will have a hard time. We need financing and it probably will come out after we are current. Maybe these tests will also help in that arena.
Anyway, not trying to pick a fight but something good finally emerges and everyone is tearing it to bits. Let's not forget we didn't have any free floated airship until now. We've sucessfully tested our Hotzone equipement but the airship will tie it all together. Being able to deploy the Hotzones where we need it and to add in video capabilities will completely change the situation GTEM is currently in.
What's with the stupid back and forth about where and how the pictures were taken.
PEOPLE wake up!!! There is a video with proof the bird was free float tested.
If they screwed up the labels on the pictures, it is a mistake.
They are busy with testing and will correct but let's focus on the real information here.
Free float tested, proof in video, full throttle, take off, landing, etc.
How hard is it in mounting a camera on the airship? It is the airship that is the hard part here people.
I agree that it is confusing especially when there were references to shares pre-reverse split. The large number of shares really scare people who were not around prior to the 15 to 1 reverse split.
I hope there is a plan to increase shareholder value and bring this company to profitability. I have been sitting here for too many years now (ADGI) days and if some of my other investments pan out before the end of the year, I might need to sell the early shares to take the loss.
One good thing about the restatement is the clarification of the SEC investigations. The investigations deal with the revenue recognition and the asset valuation which is what the company has been telling us.
Good luck.
Dohan has been working on the restatements for a couple of weeks already. Does anyone have experience with restatements and can give an educated guess if we can expect something end of day tomorrow? Or even next week? TIA.
Not making excuses for them. Just trying to figure out the situation behind this mess. Anyone with a better scenario?
I wonder does this Wells Notice have to do with previous management statement that the restated financials will be out during the 3rd quarter. Dohan sat on the restatement. So if the notice had to do with the restatement, maybe GTEM has an out. GTEM shows they did everything they could to get it out including re-hiring the former acounting firm. Once the financials are out, SEC will let it go. They made it a point to iterate that they are working hard on getting the restated financials out on the PR.