Some FACTS about GTEM(Wells Notice):
1) A bank account of GTEM(Wells Notice) was recently garnished to satisfy a settlement.
2) GTEM(Wells Notice) is being sued by a former executive of the company.
3) GTEM(Wells Notice) is being sued by Wachovia National bank.
4) GTEM(Wells Notice) was delisted by the American Stock Exchange.
5) GTEM(Wells Notice) is being investigated by the SEC.
6) GTEM(Wells Notice) received a Well's Letter from the SEC, and so has a former executive from the company. The SEC says they may seek civil penalties and may revoke GTEM's registration (if this happens GTEM's(Wells Notice) shares would be banned from trading).
7) GTEM(Wells Notice) was evicted from their hangar in Palmdale, California.
8) GTEM(Wells Notice) was evicted from their offices in Pembroke Pines, Florida.
9) GTEM(Wells Notice) does not have a functioning commercial "Stratellite", "Skysat" or anything even close.
10) Globetel has several indebtness and other lawsuits pending against it, primarily in Florida.
11) GTEM(Wells Notice) short-lived German division is bankrupt and non-functional.
12) GTEM(Wells Notice) was sued by its shareholders (there is a "pending" settlement agreement for a "paltry" 2.3 million dollars to be paid by GTEM's(Wells Notice) insurance carrier).
13) GTEM(Wells Notice) has not only never been profitable this company, GTEM(Wells Notice), has "managed" to go from a market cap of approximately 450 MILLION DOLLARS to today's pathetic market cap of approximately 10 to 12 MILLION DOLLARS.
14) GTEM(Wells Notice) has not officially made public the number of customers its Mexican joint venture(NMC) has. Remember those "conservative" claims/projections made by GTEM(Wells Notice) -- the excuses for not achieving them will start soon. If GTEM(Wells Notice) follows their past practice they will blame everyone else and a grand conspiracy against them for the continuation of their failures.
More to come . . .
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