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Pagan

11/27/07 4:26 PM

#94498 RE: ColeThornton #94497

Cole,

You keep omitting very important statements from that press release. Nothing has happened to Globetel yet as far as an SEC complaint or civil action. You portray it as a forgone conclusion, at this point it is not. Joe M's troubles are a forgone conclusion.

"The Wells Notice provides notification that the staff of the SEC intends to recommend to the Commission that it bring a civil action against the Company for possible violations of the securities laws"