Recall that Globetel is still being sued by a couple of firms that helped them restate their 2004 & 2005 financials. My guess is that the firms helping them this time aren't releasing their work until they receive payment.
"The Company expects to be able to file audited financial statements on Form 10-K for 2006 and 2007 by March 31, 2008."
GlobeTel Communications Corp. today announced that the delivery of its Annual Report on Form 10-K for the year ended December 31, 2007 requires additional time and will occur during April 2008.
The Company wishes to thank its shareholders for their continued patience and understanding. . .
This latest non-release is indicative of a much larger issue - that being the validity of ANY future PR's or the ability for common shareholders (not to mention potential shareholders or people with actual VC funds) to believe anything that is uttered from the collective lips of GTEM.
How many dates/projects/updates can they miss until you no longer belive them? I passed that threshold a while back...
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