Props to those that felt this thing ran deeper than Joe and Luis. I had hoped that the problem was isolated to them, but now I see the truth.
So Huff and Lynch strike a deal - 30K from Huff and neither can hold an Officer position in a publicly traded company for 5 years - nice deal. O'Fallon can rest now they know Huff can move on and Trimax can continue to operate with Lynch on board - oh joy. Getting these folks out of the Globetel offices was a good idea and everyone probably saw it coming months ago.
Do you think Joe and Luis might be a little irritated with ongoing litigation while Huff and Lynch are conducting business?
Now.....what about Jiminez and Globetel? What sort of penalties and fines do we have to look forward too? It's not like we should be surprised by this since we knew about getting the Well's notice. The severity of the penalty should be disclosed in the 10-K correct? Is this what the auditors were waiting on? The timing seems too coincidental.
As was stated many moons ago, having a judgement is a sign that GTEM can now move forward. What will be left to move, though?
Are they bringing Sanswire back to the US in the form of Sanswire Corporation because the coast is clear?