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Re: rwehapi2003 post# 67753

Tuesday, 03/13/2007 6:16:59 AM

Tuesday, March 13, 2007 6:16:59 AM

Post# of 157299
Or he has moved out of the space. Agree with you on the possiblity of shared pace, but remodeling may have made one space into two spaces if the lawyer were downsizing, or he could be leasing some or all of the space, not sharing it. Also, the following from the JV, indicates that they are not fading into the sunset yet. Also, VPN is paying GTEM cost plus for the Hotzone which is the technology owned by GTEM and which is to be installed throughout Mexico. So, there is no evidence that they are using a different solution.

"9.2 GLOBETEL'S REPRESENTATIONS AND WARRANTIES. GlobeTel represents and warrants to VPN as follows:

(c) it has sufficient capital to meet its financial and other obligations hereunder and no Governmental Approvals are required in connection with the payments contemplated by Section 2;"

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