Replies to post #5190 on World Surveillance Group Inc (fka WSGI)

[skram]

It doesn't mean anything. You can put in the symbol of any OTC company and you will get the same result.

[rocky301]

SEBASS,

Read the following and you will understand..rock


Public stock issues not traded on any domestic stock exchange are traded in the OTC market. The OTC market is a negotiated market, whereas most stock exchanges are auction markets. The National Association of Securities Dealers (NASD) represents thousands of brokers and dealers who trade OTC stocks. Since 1970, the prices of over 5,000 of the more than 40,000,000 OTC issues have been reported through the National Association of Securities Dealers Automatic Quotation System, called NASDAQ. The NASDAQ system consists of two areas: the National Market System and the OTC market. The National Market System (NMS) comprises so-called Tier 1 OTC stocks, a select part of the OTC market whose issues meet higher volume and price requirements than the remainder of the OTC market.
http://cftech.com/BrainBank/FINANCE/NASDAQ.html

[strikeitrich]

I posted this over on RB for Sebass -- but guess it should go here for all the new investors and those unfamiliar with the way the system works.

By the way, GTEL has been consistently late in filing -- usually less than five days for years. Only for the last couple of reports have they finally filed on time. It's become something of a joke for the old timers, although it is awfully irritating. I've exchanged emails with Tim Huff about it. They seem to have got on schedule now though-- we'll see when the March 15th year in report is due -- as you'll notice, Rocky always says, "it's due the 15th but could ome out as late as the 31st!"

Calm down sebasss -- GTELE is simply GTEL with an "E" added, which is done when a company misses the filing deadline. We've been GTELE three or four times, and that is our trading symbol until the filing is made. One of the dreaded events is to get an "E" attached to your ticker symbol because it suggests you might be having trouble. The point here is though, it's a ticker symbol that GTEL has used in the past when we filed late, and it keeps hanging around out there. It really means nothing, and is NOT another company.

Go GTEL!!!