justfrank --If you are going to paste then
at least paste all relevant information. Here it is and there is nothing which states that K. Bonn was, in any way, "given his walking papers". It is clear that after K. Bonn left he was replaced by Sigwald Leder who had a history with GlobeTel.
There is also tragedy in that release. Read the following part:
Peter Khoury, Chief Executive Officer, "Similar to the restructuring of other units within GlobeTel, the changes made within GTWE reflect our desire for increased efficiency, and to give us a stronger base of operations in Europe. Our changes within GTWE have been solely managerial in nature, and we look forward to continuing the operation of GTWE in Germany. I have the utmost of confidence in Siggy's capabilities, and believe his leadership will be valuable moving ahead."
Khoury talks about "restructuring of other units" -- I suppose he references units like "Magic Money". Now, with his "restructuring" mode GTEM's German unit is KAPUT!!! As will be the centerline unit. ANYTIME WE HEAR MANAGEMENT SPEAKING ABOUT "RESTURCTURING" WE NEED TO KNOW THAT BAD NEWS IS ON THE WAY!!!!!
justfrank, as I said, there is absolutely nothing that says or indicates that Bonn was, as you put it, "given his walking papers".
New President Named for GlobeTel Wireless Europe GmbH
FORT LAUDERDALE, Fla. & BAD RAPPENAU, Germany--(BUSINESS WIRE)--Nov. 9, 2006--As part of the previously announced restructuring of its operations, GlobeTel Communications Corp. (OTC:GTEM) announced that Sigwald Leder was named President of GlobeTel Wireless Europe GmbH (GTWE), a subsidiary of the Company's GlobeTel Wireless division. Mr. Leder replaces Klaus Bonn, who left the Company on October 31.
Mr. Leder joined GTWE in October 2006, having previously worked with GlobeTel Wireless president Uli Altvater at Altvater GmbH Systementwicklung. He was a member of the system engineers group, where he designed and managed computer networks. Later, Mr. Leder formed his own company in which he built and managed networks for small and mid-sized businesses, and provided a suite a telephony services. He earned a Master's degree in Computer Science from the Universitat Karlsruhe, one of Germany's more notable technology research institutions. Currently, Mr. Leder is evaluating the projects under GTWE's management, including the current state of the Heilbronn network, and will make recommendations to GlobeTel management regarding future strategies and actions.****
Peter Khoury, Chief Executive Officer, "Similar to the restructuring of other units within GlobeTel, the changes made within GTWE reflect our desire for increased efficiency, and to give us a stronger base of operations in Europe. Our changes within GTWE have been solely managerial in nature, and we look forward to continuing the operation of GTWE in Germany. I have the utmost of confidence in Siggy's capabilities, and believe his leadership will be valuable moving ahead."
**** justfrank, what do you think Siggy's "recommendations were for the (German) Heilbronn network were???
Possibly to again file for bankruptcy and close the doors and walk away as if it never existed?
OOPS -- Siggy, you just were "given your walking papers" . . .
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