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Re: justfrank post# 98514

Wednesday, 01/30/2008 9:32:09 AM

Wednesday, January 30, 2008 9:32:09 AM

Post# of 157299
As Mide and others have pointed out, in their opinion private financing is keeping GlobeTel going at this juncture, including the first phase of funding for the TAO/Sanswire deal.

No one would want to pay good money for auditors and getting the financial statements updated, IMO, unless he/she believed that the SEC investigation was over (and that the business had technology with real growth potential).

I find it interesting that this news release follows the SEC filing yesterday, which appears to indicate that the SEC found no violations by anyone except Joe and Luis.

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