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SAMdashada

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SAMdashada

Re: cpmac post# 55059

Friday, 12/01/2006 3:13:52 PM

Friday, December 01, 2006 3:13:52 PM

Post# of 157300
cpmac -- Here is what you posted:

"Translation
Az.: 13 IN 705/06 In the insolvency opening procedure over the fortune of the Globetel Wireless Europe GmbH, belt route 30, 74906 bath Rappenau, vertr. D.: Sigwald leather, (managing director) were waived to 03.11.2006 arranged safeguards by resolution of 30.11.2006. District court Heilbronn"

cpmac, what is your take on where it says:

"arranged safeguards by resolution of 30.11.2006"

cpmac, I do not get from that that there were no grounds for the filing, do you?

I read that as GTEM having done something specific ("arranged safeguards"/assured assets) in response to problems (lack of funding -- more liabilities relative to available assets on hand) listed in the filing.

cpmac, can you read it that way or do you derive something else from it?

Thanks




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