Rocky, thanks for taking the time to reply to my post concerning the possibility of a future R/S in GTEL's stock. I think we all hope that GTEL eventually exceeds $1 in price, and then some, without benefit of any R/S. And that very well could happen. But I think discussing the other scenarios is good food-for-thought, just in case. I hate reverse splits for the obvious reasons, with the most obvious being loss of leverage. Currently, any 1 cent increase in GTEL's pps adds $4,000 to my portfolio's value. That's the kind of sequential appreciation we're all looking for when we go searching for the next Microsoft via the OTCBB. Even failing in our search, those $4,000 pops per 1 cent gain are exclusive to the leverage obtained by buying hundreds of thousands of shares, which of course brings us back to why we're all here in the first place, and precisely why the words "reverse split" are so dreaded by penny stock players. I usually sell when any R/S is announced, but in rare cases I will "stick around" if I believe the company has a chance for extraordinary appreciation and accomplishments in the future. Not long ago, I held through a 1 for 60 R/S that reduced my holdings from 120,000 shares to 2,000 in what is now WDWT (formerly VPTI). My total investment is around $2,000, so I'm doing well with the pps sitting in the $3's, but at .15 pre-split, I could have cashed-in for a bigger payday by selling before the R/S took place. I decided to hold for the long haul, hoping that I'm right about their future chances. As I stated earlier, I believe that GTEL might have to R/S their shares to get to the AMEX, despite what Huff has stated in the past. Getting off the OTCBB is more to increase a company's stature and image in the investment community, which also brings-about financing opportunities that do not exist when the OTCBB is "home" for the company in question. I mentioned that QMM moved from the OTCBB to the AMEX, with a R/S coming just before their move. The primary motivation was access to additional funding, as evidenced in these two PR's http://www.qcomm.com/press_2003/p_jun06_2003.htmlhttp://www.qcomm.com/press_2003/p_jun24_2003.html It was also mentioned that a R/S was neccessary to make the jump to the AMEX from the OTCBB. I honestly don't believe you'll see GTEL suddenly trading on the AMEX for .12, if approved by AMEX for listing. That's JMO. Also, for those who believe that an AMEX listing will boost GTEL's pps AFTER they're listed, take note of what QMM has done in the year and a half since their intial move from the OTCBB. Their revenues have increased, but they continue to burn money without making a profit, and their pps has done nothing but steadily decline.........Rocky, you and I have usually been on the same page when it comes to GTEL, and that has not changed a bit to this point. I'm really excited about their chances to succeed, and dollar signs are dancing in my head like never before. At the same time, I've experienced a few huge disappointments before with my penny stock ventures over the years, so I try and keep those times in mind, R/S or no, as the new year begins with GTEL. Thanks again for your detailed thoughts, and enjoy the rest of your weekend. Steve
Rocky,great response,I can always depend on you to put things in perspective. Huff has done well by us so far and I trust he will do what is best for the share holders as well as GTEL.
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