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risk_it_us

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risk_it_us

Re: 3531niapoc post# 73675

Sunday, 04/29/2007 3:42:48 PM

Sunday, April 29, 2007 3:42:48 PM

Post# of 157300
Exactly, Globetel NEVER had the staff, expertise, or the ability to execute such a massive undertaking in Russia and it was all just a pipe dream. Think about it, the business plan was a total joke without any substance to it at all and severely flawed numbers. It would have taken an unGodly amount of capital to just pay the contractors and subcontractors and they'd all have to be russian (can you imagine the politics there ?) I bet they never mention russia again.

All in my honest and most humble opinion of course.

Remember that overlypromotional and hype statements from individuals and companies are illegal. If you feel investors are being "rooked" contact the SEC.

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