nerd86 what "don't" you recall...
"Interesting about the Centerline statement "Those Centerline revenues were suspect". I don't recall anything from you in this regard other than the business was a marginal enterprise that would never make a profit.
Many of us including myself thought Centerline was "all smoke and no gun" to use your words. We pointed to the deplorable margins and said we thought they were merely hyping meaningless revenues in an interprise that never had a real chance of being profitable. That made those revenues suspect then and even worse now. We had no idea the company was actually (allegedly) faking invoices for revenues that didn't even exist... they were merely "suspect" at that point.
Of course there were those like yourself who were very critical of those who questioned Centerline...
nerd86:
"tradefor don't look a fool. GlobeTel has a profitiable high cash flow business in Centerline with assets in the realm of $20M,"
You even speculated how much profit Centerline was bringing in...
nerd86:
"Centerline is probably bringing is probably doing better, possibly $500K per Q."
nerd, do you really think your beliefs concerning Centerline were more accurate than those who felt as I did?
LOL
Yes, nerd86, I think you "finally" figured it out...
"I sold my postion because the letter to the SEC made a statement that was not completed. In my opinion you may treat shareholders like this but not the SEC. And that seemed to be an accurate assumption, as the Wells Notice followed shortly thereafter."
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