Replies to post #11 on Amitelo Communications (fka ALOC)

[ctb]

Frank,
Good DD. I agree with you. I think it will be very profitable for shareholders who get in at these depressed levels.

From an email I had with Mr. Akid today:

From a few sources I've seen, the float of publicly tradable shares is around 30 million, and insiders own 66%. Can you confirm that?

No the total issued and outstanding is approx. 43 Million shares and float approx. 22 Million according to the latest SPR (Stock Position Report) I have. Unfortunately the management does not control 66% but less than 50%.

ALso,

Not to beat this to death, but will there be a forthcoming announcement regarding no reverse split?

Tomorrow, I have instructed my people to get it out.


Do you still have plans to acquire GNT when ALOC stock price recovers? I think you mentioned funding would be available at .40 a share?

Yes, because one needs to see the history of GNT, indirectly it is the company that I have developed for the last 3,5 years. True I used to be the VP Business development but all the international VoIP and normal deals were finalised by me in Asia, Africa and the Middle East. I assisted in bringing the company from 1,5 Million revenue to 55 Million revenue Euro in almost 2 years of time. I am still a good friend of the CEO and he wants to work with me again, this is why soon or later we will merge together.




Hmmmmm.
GLTA, Chris

[joepcf]

FYI I also believe they did not retain the services of Equity Marketing again after their initial contract recently expired. Notice they are not included in the prs anymore. I know they were buying alot when someone was dumping. Rumor is there was an investor who had millions he had to sell due to personal issues and dumped them at the market. Who knows for sure bottom line is this is a great price if these pr's turn out to have merit.........