CEO 4 times publicaly annouced not realized time lines of 2005. Stratellite which is high-altitute airship stationed in stratoshpere has not been build, tested or deployed yet. Military low altitude drogon is not stratellite people. After reading this please tell me if this company has ANY INTEGRITY and why should any investor trust them after so many failure and broken business time lines.
2. "Finally, the article concluded by reporting that GlobeTel Communications Corp., through its wholly-owned subsidiary Sanswire Networks LLC, stated it is on target for a first quarter 2005 launch of its Stratellite" http://www.globetel.net/about/letter011105.html
BROKEN CEO DEADLINE #3
3. "Once at Edwards, we would then work with the Air Force to determine a window for launch that would most likely be in the last two weeks of April." (2005)http://www.globetel.net/about/letter.html
1. "A new and improved Sanswire One will make its first high altitude flight in August or September, 2005. A full commercial airship deployment is planned for 2006. http://www.wirelessiq.info/content/qa/20.html
2. "According to GlobeTel president Leigh Coleman, the governments of Peru and Colombia have already placed orders, along with unnamed US companies. The US Army and Air Force are interested. The production goal is some 300 airships a year by 2007." http://www.telecomasia.net/telecomasia/article/articleDetail.jsp?id=165793
WHOW REALLY 300 STRATS BY 2007. BUILD FREAKING ONE THEN 300.
And as Jack always says: "You can't handle the truth! Son"
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