E-mail from CEO on Form 4,
Reply-To: <timothy@huffmail.com>
From: "Timothy Huff" <Timothy@huffmail.com>
To: "'Gary Rogness'" <grogness@charter.net>
Subject: RE: gtel
Date: Wed, 30 Jul 2003 10:46:01 -0400
X-Mailer: Microsoft Outlook, Build 10.0.2616
Importance: Normal
Gary,
You must understand that the people asking these questions don't want
the truth; they want to mislead and to confuse. But one more time, I
purchased the shares with my own money. It was not for compensations
for salary or bonuses or anything that GTEL owed me. I wrote a check,
sent money from my personnel account, gave up dollars that I held in a
US Bank, I hope you get the point, it was MY MONEY. I hope this is
clear now. Any shares that a director buys automatically become
restricted stock. If I go on the market today and buy 100 shares of
GTEL, since I am a director, those shares can't be sold for one year.
The one million shares I sold was from shares that I have held for over
two years and came from a completing different broker and account.
Thanks,
Tim[b/]
Chief Executive Officer
GlobeTel Communications Corp
Office 305.579.9922
Fax 305.579.9930
