...what many folks here tend to conveniently overlook is the fact that Globetel inadvertantly painted a massive target on their collective back when they announced the Internafta deal...
...a $600M windfall for a micro, micro-cap company with 50 some-odd employees and no history of managing any deals of this magnitude. seemed to good to be true...
...to believe that analysts, pundits, journalists and money managers would simply accept this deal on face value was naive, imo...this was a compelling story to seek out and investigate...was it a "rags to riches" story, or a "pipe dream"?...
...the state of politics in Russia was always my #1 concern, as I posted at Yahoo shortly after the deal was announced (I was short GTE then)...I've ALWAYS believed that Mr. Huff was an honest and decent man with top-notch integrity and compelling ideas...Internafta, on the other hand, was questionable at best, imo...
...very little business passes through Russia without the influence of the Russian mob, I believe...was Internafta EVER on the up and up?...I say : "nyet"...
...the usual suspects here now malign the names "Forbes" and "Elizabeth MacDonald" as they have each and every other person or periodical who has dared to question the viablilty and solvency of this struggling company...
...the lesson that should be learned here, imo, is that when you thrust yourself into the glaring spotlight with an "Internafta-type" deal announcement, then you better be prepared to handle some heat and some tough questions...
...GLT all Y longs...Duke...
