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gilbert1

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gilbert1

Re: None

Wednesday, 09/13/2006 11:31:37 AM

Wednesday, September 13, 2006 11:31:37 AM

Post# of 157299
I've been doing some research on a similar funding agreement Globetel entered into last year. I'm not an expert on this, but I wanted to see if there was any correlation to the filing of the S-3 and potential good news from the company. The S-3 below was filed on December 5, 2005, just before the anouncement of the Internafta contract.

http://investor.globetel.net/phoenix.zhtml?c=67726&p=IROL-secToc&TOC=aHR0cDovL2NjYm4uMTBrd2l...


According to the current funding agreement Globetel has 30 days to register these shares. I would watch closely on when the S-3 is filed. IMO, if last years S-3 is any indication we may see a blockbuster PR released shortly thereafter (hopefully a signed contract with money in the bank this time)
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