My last thought on Globetel... I have finally sold and I must admit I was a complete idiot to sell so late when the signs were there to get out. This company IMO is nothing but hype. I'll leave you a few points to ponder 1. If things are progressing as planned why is GTE still trading only at 1 change? Wouldn't there be more institutional investors? 2. Timelines keep pushing further and further back 3. profitability from 3rd quarter to 4th quarter. 4. Revenue keeps fluctuating from 100million, 85million to the current 75 million / yr. 5. No more shares to be issued well an increase of 50% to the market.
Huff, management and the entire organization has LIED and hyped the company. Just wait until SEC begins their investigation on the company. I could only take so much and after yesterday's PR that was the final straw (they are no where near getting the stratellite in the air). Good luck to all I felt your pain and I am thinking ahead. You simply cannot beat companies like SBC, Verizon, MCI, Quest, Sprint and many other telecom companies because they are well established and they actually have something that's REAL. This pipedream has been smoked.
