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Re: None

Friday, 09/01/2006 10:30:37 AM

Friday, September 01, 2006 10:30:37 AM

Post# of 157300
I am curious if CEO Huff planned on putting out a release per his statement in June of material delays and Stratellite Testing. I believe that it was slated for August 31th. Since today represents the deadline passed, and there is no news, does anyone else feel let down that there isn't a peep from the company? Doesn't this truly represent another missed deadline? I notice there hasn't been much discussion over this. Are most here resigned to the fact that delays and missed deadlines don't matter?

"These component delays will now, assuming no further delays, push the new launch window to between the 20th and the 30th of August."

http://www.globetel.net/071706.pdf#search=%22globetel%20delay%20stratellite%22

I would assume that by the company's silence, there has been additional delays. I believe that by not updating the public, damage to credibility continues.

More importantly, CEO Huff's continued statements about providing information - yet there is none - is truly stressing to this poster!

"In particular, we don’t want to suffer needless setbacks because, under pressure of public scrutiny, we have rushed the launch to meet arbitrary timelines. The delay is now down to a few weeks, not a few months, and once the tests have begun, we will provide unclassified pictures and data to our shareholders as that information becomes available."

It is with this statement that leads me to believe that testing has not begun. If so - CEO Huff would be committed to displaying information to the public domain. Deductive reasoning suggests that since there is no information, there is no testing.

Another missed deadline.

Thoughts?

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