the reasons for the increase were explained in the 14A filing:
"In 2004 and 2005 we continued to acquire companies as part of our strategy to broaden our portfolio of product offerings, to augment our technological capabilities and to expand our geographic markets and distribution channels. As part of this strategy, we may acquire additional companies for these and other business reasons. From time to time, we pay for acquisitions with Globetel stock. The Board believes that the proposed increase in the number of authorized shares is desirable to maintain the company's flexibility in choosing how to pay for acquisitions and other corporate actions such as equity offerings to raise capital and adoption of additional benefit plans. The Board will determine the terms of any such issuance of additional shares." http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001144204%252D05...
I respect your opinion; however, I do disagree. I have the choice to vote: FOR, AGAINST or ABSTAIN. My vote is FOR all the proposals the BOD recommended. The reason for my position is that I trust the management and board members. I have met most of them personally and have spent enough time with them to determine for myself that they are honest.
If I did not believe in a company or trust the management I would not be a shareholder. JMHO! GLTA!
Holter i agree with you 100%. GTE now has bankers and formed partnerships(like 45% Rubicon one) for them to invest some money into GTE. It is time for the managment to stop rapping individual investors. Huff has said in the past that there isn't going to be R/S and there was. I have a lot of money invested in GTE and i will not allow lies and deceptions to eat away my hard earned money. That is the reason my vote will be NO.
Remember this few months from now. After they get more Authorized Shares they will issue them to others and then other will dump it into Oustanding shares or/and float, therefore diluting the outstanding shares.
Market Data 
Markets 
AI
