InvestorsHub Logo
Followers 2
Posts 599
Boards Moderated 0
Alias Born 12/14/2005

Re: siriuslyricher post# 75002

Friday, 05/11/2007 3:27:29 PM

Friday, May 11, 2007 3:27:29 PM

Post# of 157299
Something don't make sense here.
On Mar 26th production of 70 Hotzone 4010 devices were completed.
Globetel held the equipment until they got 83 and delivered the first order as PR'd on May 10th.
Yet Peter Khoury states "the joint venture is moving along at a rate with which both partners are comfortable,"
Looks like a snails pace to me, it took 45 days between PR's to produce 13 more Hotzone 4010's. Why didn't they send the 70 pieces as the first shipment in March or early April?

Mar 26, 2007 GlobeTel Completes Production of Initial Equipment for wifi Broadband Network Expansion in Pachuca GlobeTel Communications Corp. (Pink Sheets:GTEM) today confirmed the completion of production of the first set of 70 HotZone radios to be used for the expansion of its previously announced wifi broadband network in Pachuca, Hidalgo, Mexico.
"The process for consummating the joint venture is moving along at a rate with which both partners are comfortable," stated Peter Khoury, Chief Executive Officer. "We are pleased that the equipment is ready to go, in contemplation of the imminent commercialization of Pachuca."
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cpz%5C2007%5C03%5C26...

May 10, 2007 GlobeTel Delivers First Order of HotZone Equipment to Extend Joint Venture No Mas Cables' Coverage in Mexico -- Fulfilling the first purchase order under its recently formed joint venture with VPN de Mexico, GlobeTel Communications Corp. (Pink Sheets: GTEM) (the "Company") today announced that 83 HotZone 4010 devices and accompanying antennae were shipped to the Company's No Mas Cables de Mexico (NMC) joint venture.
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cpr%5C2007%5C05%5C10...

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

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.