Fly, right you are - Coastie said it best regarding the relationship:
The principal for Eastcor is Anita Hulo, another old crony from GlobalNet. Even though GlobalNet is now defunct, you can still find webpages that list her as a point of contact for GlobalNet.
Globalnet
8625 Brooks Drive
Easton, MD 21601
Anita Hulo
(301) 613-9801
Along with Seifert, Erdbert, and Hulo; David Phipps used GTC to clean out millions from GlobalNet (GLBT) shareholders.
"In January 2004, the Company secured a contract with Global Telesat Corp., a wholly owned subsidiary of GEF, for worldwide termination of voice and data mobile satellite telecommunications traffic originating in Iraq. In conjunction with securing this contract, the Company issued 300,000,000 shares of common stock to International consultants valued at $21,000,000. The Company did not derive significant revenues from the Global Telesat Corp contract and the consultants failed to fully perform the contractually required consulting services."
