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Re: kevinaok post# 3131

Wednesday, 12/22/2004 5:24:08 PM

Wednesday, December 22, 2004 5:24:08 PM

Post# of 157299
kevin,

A few years back I had an e-mail exchange with a person in management who felt there was a large naked short position. I did not keep e-mail on file so the name will be kept confidential. Publicly, the link and statement from shareholder letter is all I remember with the word "short"...remember that "short" is normal and OK in the markets, "naked shorts" are the killers...rock

http://ragingbull.lycos.com/mboard/boards.cgi?board=GTEL&read=158046

Year Two, May 2003 to May 2004, the focus of this year was and is to develop investor strategies, market maker support, revenue growth and PR relations. As stated, without sophisticated investors, GlobeTel would never be taken seriously by the larger market makers. Without the support of sophisticated market makers, GlobeTel will never be able to break free of the constant shorting that plagues the OTCBB. To date, GlobeTel has secured multiple million dollars in funding over the past 18 months. We have secured funding that will be used to deploy the company's 2004 projects. These projects will launch GlobeTel into retail sales and the global telecommunications marketplace. With this funding, GlobeTel hopes to ramp to a $60 million revenue run rate by the end of calendar year 2004. Major projects and acquisitions will launch us into a larger visible arena and be the stepping stone to move to "The Big Boards." In the next few months, market maker support and a professional PR campaign will be launched. Along with our revenue growth in 2004, we hope to be able to apply to a larger exchange by the fall of 2004.


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