Replies to post #50156 on The Day Shorters Room

[Sportsjunkie]

just christmas cheer being spread to all...

[nostinkinc]

GTEL S-8

REOFFER/RESALE PROSPECTUS

GLOBETEL COMMUNICATIONS CORP.

2,696,500 SHARES COMMON STOCK ($.00001 PAR VALUE)

This prospectus is being used in connection with the reoffer or resale from time to time of up to 2,000,000 shares of our common stock by Vern Koenig and 696,500 shares by Thomas Y. Jimenez (named under the caption and hereafter referred to as "Selling Shareholders"). The Selling Shareholders acquired the common stock as compensation for employment and/or providing services to Globetel.

The Selling Shareholders may sell the common stock from time to time in one or more transactions (which may involve one or more block transactions) in sales occurring in the public market, in privately negotiated transactions (including sales pursuant to pledges), or in a combination of such transactions. Each sale may be made either at market prices prevailing at the time of such sale, at negotiated prices or at fixed prices, which may be changed. Some or all of the shares of common stock may be sold through brokers acting on behalf of the Selling Shareholder or to dealers for resale by such dealers; and in connection with such sales, such brokers or dealers may receive compensation in the form of discounts, fees or commissions from the Selling Shareholder and/or the purchasers of the shares for whom they may act as broker or agent (which discounts, fees or commissions may be in excess of those customary in the type of transaction involved). However, any shares of common stock covered by this prospectus that qualify for sale pursuant to Rule 144 under the Securities Act of 1933, as amended, may be sold under Rule 144 rather than pursuant to this prospectus.
http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001094596%252D04....