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Post# of 157299
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Re: Danielle- post# 54140

Tuesday, 11/28/2006 4:45:22 PM

Tuesday, November 28, 2006 4:45:22 PM

Post# of 157299
Danielle writes: BTW...the SEC investigation is related specifically to the prior revaluation of the assets from purchases of Hotzone and Sanswire. This will affect Balance Sheet values but have no impact at all on current operations if there is a restatement.

What does the AMONG OTHER THINGS MEAN? I believe you may be correct, but maybe I am not reading this right.

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Oct. 6, 2006--GlobeTel Communications Corp. (AMEX:GTE) today announced that it has learned that the Securities and Exchange Commission has issued a formal order of investigation concerning, among other things, certain accounting issues, including the treatment of certain acquisitions and the valuation of certain intangible assets

http://investor.globetel.net/phoenix.zhtml?c=67726&p=irol-newsArticle&ID=913165&highligh....

"There is no great honor these days in being a long (very long).......
Not a lot of profit either it seems."

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