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Re: None

Thursday, 01/13/2005 12:23:55 AM

Thursday, January 13, 2005 12:23:55 AM

Post# of 157299
Rocky;
Look what I found researching Paul Taboada's link to Charles Morgan Securities, Inc.

The $15 mil Caterham deal money for data switches in Miami & guess where the 2nd switch is to go, Hong Kong.

Grupo Ingedigit C.A. ("GI"), Venezuela deal threw me off, data switch wise.

How did we forget this? Now we have Mr.Ingram and his great connections in Hong Kong working with (? some unknown group) that got his preferred shares, using Caterham money, to install the 2nd data switch in Hong Kong TO:light up the international gateway in Hong Kong in the first quarter of this year.

From Q3:
With respect to the $5 million in working capital, Caterham has agreed to advance $1 million to GTEL on May 7, July 1, September 1, November 1 and December 31. The Agreement provides that Caterham has a 10 day grace period, in which to make any scheduled payments. With respect to the Master Card Data switches, Caterham has agreed to advance an aggregate of $5 million to GTEL to purchase a Stored Value Card Data Switch, which will be located in Miami, Florida and subsequently a second switch will be installed in the Company's Hong Kong operations.

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