InvestorsHub Logo
Followers 9
Posts 1376
Boards Moderated 1
Alias Born 04/06/2006

Re: juanly post# 25655

Thursday, 06/26/2008 1:57:54 AM

Thursday, June 26, 2008 1:57:54 AM

Post# of 29782
Global E-Telecom was co-founded by John H Beebe and Michael Varley. During their run in charge it had it's share of shady dealings. Do your own DD on it. If you need a kick start, Google, "Rockwell Holdings" "Global eTelecom" and bank fraud. I think the first hit should get you started. If you would like to dive deeper than that, check out the principles of "Future Fire Technologies" out of Nevada, of which Global eTelecom initiated an equity position in. Check the other activities those principles were engaged in at those addresses and phone numbers and let us know what you find out.

As for what Global eTelecom was sold for, it was ~$8.5 million dollars. I do not know what % John and Michael got, but I do know that various investors from Destin Bankcorp (bought out by Whitney Holdings) did get their %'s. I do not know if John H Beebe was fiduciarily responsible with the $$$'s he realized from the GETI sale or not, but some other radio deals he was involved in, (WWON in Tennessee for example) did not prove fruitful. The restaurant owned by John H Beebe, via 30-A Restaurant Group, also appeared to have been a financial negative (been closed for ~20 months with a $2.4 million note on it, seems to be cash flow negative, maybe?

I'm trying to remember what your point was again about Global eTelecom? Was it because it existed that therefore Perihelion Global is not a scam by a man personally desperate for money? Who would resort to committing Securites Fraud to get it from other people? Was that your point for bringing up GETI?

GLTYA

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.