1) Huff said since the FAA has no regulations for that stratospheric height, that it will take 60-90-120 days to work out the clearance and approvals with FAA & NASA.
2) AMEX application is "moving along its channels" (Huff)
3) A previous post correctly stated that they plan to deconstruct the Strat, truck it to Palmdale to Edwards AFB, & reconstruct it there for the test. In the meantime, localized, tethered, low altitude testing will be done at current San Bernardino hangar area. And yes,
we are insured.
4) Design team is first rate, absolute cutting edge technology has been brought to overall improve the Strat from the NASA & former Air Force team members. Enthusiam & long hours are happening with this group. In fact, they punched a hole in the fabric/material being used & demonstrated to us on the spot how it can be repaired in minutes. We are talking 100 years of combined NASA & Air Force experience who have joined to make this project a complete success.
5) Team/company goal for Strats is high volume production, in a pattern that is easy to duplicate; with a prelim goal being 300 Strats a year with increases to follow.
6) Huff said they don't want to sell their technology, rather hang on to their technology rights & stick with leasing, with indications that currently the Military seems amenable to. Think DOD, all Armed Forces, Coast Guard, Scientific Bodies, ect.
7) It is most likely we are looking at a mid-summer launch date.
8) Mr.Huff is adamant that they will not make 'announcements' for the sake of the day traders, ect; rather make them when appropriate just like large companies do, because when you seriously plan to become a big company you have to act like one.
9) Huff said they are not thinking billions, they are thinking trillions for the end result of this endeavor for both Globetel & Sanswire.
10) He took the time to answer all questions before, during, and after the presentation, within the limits of saying what was legally allowable. And was kind enough to pose for a pic with all shareholders who approached him.
In summary, I believe they are right on track, considering the red tape they have run into with the FAA, who is mostly naturally concerned with public safety, (and their jobs over there). GTEL is going for a huge piece of the telecommunications pie, and anyone who wanted to cash out quickly may be disappointed that day is not nigh, as the old folks used to say, but I see eventual success through their executives business smarts, top quality designers and engineers, real enthusiasm to get it right and succeed to the end goal.
Those who bail for the money now will just get me a lower price to buy more. I'm not selling one single share until we are in the air.
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