Background: GTEL.ob, (later GTE) was on the new SEC "SHO" list of greatly shorted stocks MUCH of 2005
jawz' interpretation: GTE is a "targeted security" - ie, a target of NAKED SHORTING by the shorts and any cmkx shareholder knows what THAT means, huh ??
moreover, GTEL.ob was traded on the infamous Berlin Stock Exchange for TWO YEARS (can you say, "shorted out the WAZOOO" with NO IMPEDIMENTS WHATSOEVER - ? huh ??
whether or not you believe GTE has the goods is IRELEVANT - considering that whether a stock SINKS or SWIMS has more to do with how many SHARKS have it surrounded - uh, er... "boxed" that is...
just after the move to the AMEX and nre ticker GTE, the pps was $5 (for a very brief time) (naked short?) selling pressure has hammered it ever since imho.
the GTE pps becomes bouyant on news, but then retraces with regularity. Its a great stock to SWING TRADE, but - - -
WILL GTE MAKE IT? WITH SO MUCH BLOOD IN THE WATER? as long as the SEc and DTCC are halping the off-shore hedge fund bad guys to kill American companies, IT DON'T LOOK GOOD, DOES IT? huh ??
whatever happens, imho, do not fail to sell the news spikes then re-enter after retarcements
- but ALSO HOLD a core position so you are not left out if really BIG news sends the pps soaring, happened back in Nov
NOTICE THE APPEARANCE OF THE WORD "TOUT" IN THE FOOLISH BASH:
{"touting -- get this -- high-altitude blimps broadcasting wireless WiMax Internet. "}
THE WORD "TOUT" GIVES AWAY SHORT MINIONS LIKE THE JOLLY ROGER PROCLAIMS PIRATES - THE WORD IS THE OFFICIAL "FLAG" OF BASHING SHORT MINIONS; THEY CAN NOT SPEAK WITHOUT USING IT.
METHINKS THAT THE FOOLISH ARE WORKING FOR THE EVIL OFF-SHORE HEDGE FUND KING PINS
Mide shares this assessment: ___________________________________________________________________ reply by Mide @ Rocky's GTE bd @ I-Hub:
{"What this article tells me is that there is, likely, a major short in this stock that is very worried they are trapped. And/or, there is a major company that is feeling very threatened by the reality that GTE has the goods to pull off a major coup in the VOIP space."}
The person to defend GTE is Tim Huff. Not you, I or anyone else. The best way to defend GTE is bank the 150 MM announce it and start delivering on promises.
Period.
When he does, the Seth's will go away, as they are dealing in hindsite to forward project, for a reason.
This article, just like the last one, ignores all the quality personnel, new directors, new partnerships, etc. and investors that have joined the company fully aware of all the past ins and outs of deals done to raise capital for this fledging start-up company.
Even this deal netted GTE an important timely infusion of net plus capital.
What this article tells me is that there is, likely, a major short in this stock that is very worried they are trapped. And/or, there is a major company that is feeling very threatened by the reality that GTE has the goods to pull off a major coup in the VOIP space.
One of the reasons Vonage has made a dent, no a major broadside, into the top telcoms in the USA is they are a private company, whose affairs and stock cannot be diddled with daily.
GTE does not have that luxury of privacy, and therefore has a tougher road to hoe as a result, because of the public media scrutiny and all the crapolla that goes along with that.
Including Seth, reporting dead issue facts, and no positives...because his handlers have told him he has time to do so..not much time..just about a few weeks.
Huff has to silence this with production, not words.
I believe he will.
M
That is all...for now. -----------------------------------------------
Posted by: dinotori In reply to: mide who wrote msg# 19467 Date:1/23/2006 6:09:16 PM Post # 19468
Mide, great post. I agree with you, once the money is in the bank things will start to happen. I really think people are worried about their short position just like you said. --------------------------------------------------
Those of you who have been around since the early days know that GTE (ADGI)had to go through a lot not just to get where they are today but just to survive. Until 2003 every quarterly report had to contain the comment that the company could not necessarily guarantee that it was going to survive. We did survive those years and now that we are on the verge of making it now just with the Russian deal but the Strat and other things we seem to have attracted the real vultures of Wall Street who want to profit by killing this company off. I'm not sophisticated enough of an investor to understand just how this is going to be accomplished but I thinks it's obvious that some people are out to profit at our demise. I did notice that there are over 5.3 million short shares floating around out there despite the stock price runup. Motley Fool is trying to capitalize on its undeserved reputation as the defender of the small investor. I think this last article belies that fact. Let's get busy and fight this nonsense by whatever means we can, starting with these message boards. ------------------------------------------------------------------- best advice imho:
The best way to deal with 'fools' is to ignore them. Engaging them is no different than responding to paid short bashers --- it gives them the attention they want. Let Huff deliver and confirm both our expectations of GTE and our belief that Seth is a fool. ___________________________________________________________________
Well I think I know why Seth is so hard up to write bad things about GTE. He can't believe that we are that good of a company to get past all his recommended stocks.
We are too good to be true and he missed us. So now he has to try to make himself look good by knocking GTE down just read the points I have put below in his own words.
Sound to me he is trying to justify how he missed GTE as a company and hates GTE for it.
Point #1
How is it possible for this unheard-of Florida company, with little track record, to suddenly vault past established equipment makers like Qualcomm(Nasdaq: QCOM), Cisco(Nasdaq: CSCO), Nokia(NYSE: NOK), and Motorola(NYSE: MOT), not to mention powerful multinational telecoms?
Point #2
Does anyone really think that established wireless giants like Mobil Telesys or VimpelCom(NYSE: VIP) -- which together account for some 90 million subscribers in the former Soviet states -- are simply going to let some upstart come in and eat their lunch?
Point #3
For another point of reference, consider that Europe's largest broadband provider, France Telecom(NYSE: FTE), has only 10 million Internet customers -- the number GlobeTel says it aims to get in just three years in Russia. Yet France Telecom operates in the affluent regions of Spain, the U.K., the Netherlands, and France, where, according to World Bank figures, people have at least two or three times the purchasing power of Russians.
Point #4
Last but not least of these points comes in the bottome of his article.
France Telecom is aMotley Fool Income Investor recommendation. Fool rules arehere.
Look at the wording he uses:
Point #1 unheard-of, little track record, vault past establish equipment makers.
Point #2 let some upstart come in and eat their lunch?
Point #3 France Telecom(NYSE: FTE), has only 10 million Internet customers -- the number GlobeTel says it aims to get in just three years in Russia.
Point #4 France Telecom is aMotley Fool Income Investor recommendation. Fool rules arehere.
Sounds like Seth just can't believe GTE is doing what has taken others sooooo very long to do. His disbelieve is really showing and showing bad.
Seth get a grip. Remember what your mother taught you. IF YOU DON'T HAVE ANYTHING NICE TO SAY THEN DON'T SAY ANYTHING AT ALL.
Posted by: Braden32601 In reply to: bigdinvestor who wrote msg# 19476 Date:1/23/2006 6:51:31 PM Post # 19481
The SEC should look at Seth..See other GTE ta board-his motive is to bolster FTE!! We figured him out!!! ___________________________________________________________________
How is it possible for this unheard-of Florida company, with little track record, to suddenly vault past established equipment makers like Qualcomm (Nasdaq: QCOM), Cisco (Nasdaq: CSCO), Nokia (NYSE: NOK), and Motorola (NYSE: MOT), not to mention powerful multinational telecoms?
Exactly... Now he's getting it. -------------------------------------------------------------------
PLEASE NOTE :
"First Russian deposit of $150 mm in cash due in GTE's bank by Jan 31."
VIZ, IF THE MONEY (RE THE RUSSIAN DEAL) IS IN THE BANK BY FEB1, THEN GTE COULD FLY HIGHER; BUT IF THERE IS NO MONEY IN THE BANK, IT COULD GO BACK TO $2 - some think:
Well...this does make for an interesting predicament. The fool has once again twisted the facts to fit whatever purpose he has, but we must realize that not only is Huff the only one who can do anything about it (I personally don't think there is anything he can do except make sure he executes on time),but he HAS TO MAKE ABSOLUTELY SURE THE RUSSIAN MONEY IS IN THE BANK AND REPORTED BY THE END OF JANUARY, or we will go to well below $2.00 in a heartbeat after February 1.
I know that is what Seth is after, and if there are ANY postponements Seth and his buddies win.
Like it or not, that is the fact of the matter now.
I have called the SEC and the FCC, prior to this article, and if anything is to be done the company has to do it. However, I was told that anyone can publish an opinion, no matter how wrong it is. Where the line is crossed is liable or slander, which the article may come close to, but imo does not exceed, and that is really not an SEC or FCC matter, but a legal civil case. I have no proof of this conversation to post so mide please delete if needed.
j
ps...The SEC could act if Seth could be proven to have shorted GTE, but I think the possibility of his actually being directly involved is highly unlikely.
pps...I would strongly ask that no e-mails be sent to Seth, I have done that many times to no avail...The facts play no part in his mind, and it just feeds his ego. _________________________________________________________________ by crashman @ 19495 http://www.investorshub.com/boards/read_msg.asp?message_id=9378883
1) I don't think he has to report when he gets the money, he already did in the 8k. 2) I hope Huff doesn't respond to this piece of dung because there is nothing worth responding to. 3) Wasn't Leinwand the lawyer that Seth was bashing in the first place, who excercised 810k shares mostly at $3.65 today? 4) I think docs was right when he postulated that there is a severe shortage of shares (30k shareholders that have less than 2500 shares on average ?) and that maybe Seth and/or MF have some other motives. ____________________________________________________________________
SEBASS (the resident GTE basher on Rocky's boards) responds:
TO ALL: I no longer need to alert U. Motley Fool does that every time I read their story it preety much says everything that i have been saying for last few months way before motley fool articles. So you've warned by me and now Motley Fool before you loose your shirts.
In my opinion Globetel business model is a scam. Unfortunatly for those of you that continue to attack me instead of at least listening to the story and following up on the facts yourself will find out the hard way. Your destiny is actually in your own hands. Keep dreaming because the dream will not be realized by Globetel. I'm actually suprised at how long they are being able to keep this alive. I will be taking legal action when the time is right for fradulent statments made. Just my opinion and FYI.
"You can't handle the truth! Son" - A Few Good Men -------------------------------------------------------------------- reply to SEBASS by docS:
SB, let me engage you VERY briefly. What will your opinion be if the $150,000,000.00 is in the bank a week from next Tuesday?......, and what will your opinion be if they break the rigid airship high altitude record by May 1, 2006? docS --------------------------------------------------------------------
DoctorS. I will first need to see that money on 10Q and verify that in fact it came from Russia not from Carrier Traffic. If money trail will verify to Russia then I will turn bullish and YES STRAT is the ultimate catalyst for this stock for which I have been waiting and time lines were broken multiple times. May I remind you that if strat would have possibility to be flown and be sucessfull Lockheed Martin or Rupert Murdoc from DirectTV would buy GTE long time ago for pennies on a dollar. Something to think about for you. No one would risk their entire fortune to be taken away by small player. I hope you are right but from what've seen to date it does not look good. WORDS DO NOT TURN INTO MONEY. ACTION AND BUSINESS PLAN EXECUTION DOES and you should know by now that nothing from 2003 and 2004 business plan have been realized. Check letters to shareholders yourself because most of you will now say that i'm making this up. Well take your time and read last 3 shareholders letters and make a check list what has and has not been realized. You will be shocked but don't take my word for it. JUST DO IT for your money sake. --------------------------------------------------------------------
SB, from the lack of prepositions in your writing, I must guess that you are of Eurasian background. Russian??? Polish??? Chec??? I'm close...no? If so, it helps me to understand your stubborness that will not allow you to realize that MANY of the business models have been put into place, that revenue is exploding, that timelines have indeed been broken due to factors and forces beyond Huffs control, and that with recent SEC filings, one would logically conclude that Huff and his Board of Directors do not wish to spend time in jail. I have read every Press Release from this Company for the past six years. docS __________________________________________________________________
TO ALL...Very nice slide show of an hotzone wireless instatallation in Texas posted in the yahoo message board by idv2. Short but nice...Someone should send this to Seth...LOL...
I haven't seen a single post about theFOOL's ravings concerning the Australian deal...was there anything there that could be considered "shady dealings" by GTEL...?
seems like so much gibberish to me, would appreciate an intelligent response...(SEBASH that leaves you out)
So i guess this time you can't say that i'm making this up or are you going to say now that Motley Fool is making it up and so was New York Post as well ? What is $ from Columbian deal ?
The quiet scandal Nugold/ATC/CGI was the key character in what some in the Australian press called one of the biggest embezzlements and securities frauds in Australian history. According to ASIC, from March 2001 until September, 2002, the company was the subject of a very complex stock manipulation by an Australian securities dealer named Upul Samantha Anthony, who worked for Cogent Securities. During that time, Anthony stole more than $16 million from his employers and funneled $10 million directly into ATC/CGI and affiliates. Additional details reported from police records by writers for the Australian Financial Review (FR) shed even more light on the scheme.
Anthony sent $7 million of the pilfered money in "loans" to ATC/CGI in order to shore up the cash-hemorrhaging company, and he sent another $3 million to Nugold -- via another telecom, Futurstel -- where it was used to finance the purchase the remainder of ATC/CGI. (The rest of the money went toward trying to manipulate the penny stock's share price on the Australian market via Nugold/ATC/CGI stock purchases through various fronts.)
When Anthony finally came clean in September of 2002, ATC/GCI claimed it knew nothing about the scam. That's pretty tough to swallow, given that, according to FR, Anthony actually lived with two of ATC's founders, Andrew Boyd and Hastings Singh, and it doesn't appear that the company would have survived long without the money Anthony stole.
Anthony, who cooperated extensively with Australian securities investors, said he was promised a job at ATC/CGI, as well as a large slug of shares, if he could secure capital injections needed for ever-increasing amounts of network equipment for ATC's Hong Kong wing. According to the FR article of September 2004, the stolen $7 million that was paid directly to ATC/CGI simply disappeared without a trace. ____________________________________________________________________
Ok Good2be...here's what Rock had to say about it..
"Give me any subject or any stock to research and I will spin the facts to my liking on each and every one of them and not cross the line in a legal way. It is an easy thing to do. If I did have anything of substance to fault a company for and really believed in what I had found and felt my findings unquestionable, I certainly would not end my research article with the following statement: enough said. Rock
"there's no way of guessing whether this latest venture will become a success, another ATC, or something even worse."..SETH
Now if he has nothing to say, I'm not going to step in it.
M
That is all...for now. ------------------------------------------------------------------- Posted by: fynley In reply to: None Date:1/24/2006 10:30:28 AM Post # 19518
Seabass and Motley Fool belong in the same toilet. This company hasn't done anything wrong or it would have been found out about years ago before it became profitable for short sellers and whomever else Motley Fool represents found a way to make money by slamming it. I hope when the dust clears here that we can make all of them regret the stunt they're trying to pull. __________________________________________________________________
Sanswired posted a REPLY BY GTE CEO TIMOTHY HUFF (from RB):
For those that don't frequent the RB. Mailman is a very reliable source. Message from Tim.
********From TIM HUFF*********
From:thuff@globetel.net
To:XXXXXXXXXXXXXXX
Date:1/24/2006 10:31:34 A.M.
Subject: Motley Fool at it again.
I emailed Tim the article and asked him for a response .
TIM's Response:
XXXXXX,
He is a hack and has done no due diligence on the matters that he writes about. I have had at least 20 emails from Seth and it is becoming clear that he has an agenda. Why would he not take us up on the offer to interview us professionally or come in and talk to our people directly? He seeks out issues that are related to events before the current management became involved or he finds a kernel of truth and spins a totally false story on that single basis. The best way to beat these guys is to perform.
Our Colombia deal involves the President of the Country, he doesn't mention that, the CGI issue was before our involvement and ultimately the company was found to have broken no rules. It was a single individual that was in question in Australia and had nothing to do with us nor the current management of CGI.
The fact that we are doing the network in Russia instead of other large companies, well we have what no one else has, the DECT, Wimax and WiFi in one box.
Show me someone that does and I will shut up. At the end of the day he is one guy who seems to want to write without researching all the facts. Here is an email from Seth showing his background and other issues raised. Seth has no financial background, no telecommunication background and holds an Art History Degree. He even says that GlobeTel sure sounds like the real thing but has done no real due diligence to prove the outlandish claims and far reaches that he has printed.
I have included his email below. This email came after his first article was released. I offered him to come in and do his research and then write his story but he continues to dig up issues that he totally spins out of the context that they are in to prove a point that he hasn't professionally researched. Let him be and in a very short timeframe, we will show who we are and what we can do.
Regards,
On 1/7/06, Tim Huff wrote:
Never heard of him either.
By the way, can you tell me about your experience in the telecommunication sector or as an investment analyst?
From: Seth Jayson [mailto:foolseth@gmail.com] Sent: Saturday, January 07, 2006 12:06 PM To: Tim Huff Subject: Re: Contact
Sure, I'm an individual investor who's always on the lookout for great investment ideas, and also on the lookout for things to avoid. I write for the Motley Fool, have been doing so for a couple of years. I watch networking at telecom a lot, though I don't often find great ideas there. Tends to be, as you know, a lot of promise without much reward.
That's why I hope to find out if GlobeTel is the real thing or not. Sure sounds like it from your press releases, but it's really tough to square the promises with reality when basic information on the overseas partners is lacking.
Is there a name for this Luxembourg joint venture company?
I've read with interest your recent articles about Globetel. As an investor in Globetel, I try to be vigilant in finding any information I can about the company. You have some good points, but I have to tell you, I find your articles tend to reach too far to try to implicate Globetel in subterfuge. When I see you trying too hard to impugn the company, I must question you. For instance, you try to discredit the company by saying, "Of the 30 cities claimed for the rollout, only two are named." What would naming 28 more cities do? Would that prove anything? No. So why is it a part of your complaint? Any fool could go to the atlas and find the names of 30 Russian cities.
You say, "The real identity of GlobeTel's Russian investors remains a mystery", when the Russian press has clearly identified Suleiman Kerimov (use
Those articles quote Anton Averin of Nafta-Moscow as saying that they are making the investment. Kerimov controls Nafta-Moscow.
You say, "Especially since GlobeTel seems to have no technological advantage, as evidenced in its regulatory filings, where it explains that the equipment and software it uses are readily available from major suppliers on the open markets?" I can only assume you are referring to this statement in several of Globetel's 10-Qs:
"The Stratellite(TM) will allow subscribers to easily communicate in "both directions" using readily available wireless devices."
Your statement is really laughable. Globetel is saying that there are any number of communication devices that are available on the open market that would work if based on a Strattelite and you extrapolate that to mean that a WiMax base station is readily available on the open market. You've discredited yourself twice with the one statement. First, you've obviously twisted the intent of Globetel's message and, second, you've stated that you believe that WiMax technology can be easily bought on the open market right now.
You say, "Never mind that the Internet-broadcast blimp is already a decade-old bad dream." I'm quite certain that you know that the U.S. Government has a contract with Lockheed-Martin to develop just such a "blimp".
The U.S. military is absolutely salivating over a vehicle like the Strattelite, as observed in these links:
Why does the military want them? No, it's not so the military can offer broadband to the public. It's because these airships make near ideal communications platforms. That Sanswire sees the commercial potential is hardly a knock on them.
You say, "Does anyone really think that established wireless giants like Mobil Telesys or VimpelCom (NYSE: VIP) -- which together account for some 90 million subscribers in the former Soviet states - - are simply going to let some upstart come in and eat their lunch?" First, I'll educate you a little bit about WiMax. Devices were certified as WiMax devices for the first time just this week. What Globetel is selling as WiMax is usually called pre-WiMax, because, although it is a form of WiMax, it hasn't been officially certified to the standard. That couldn't happen before now because, as I just stated, they just started certifying devices. So using this technology at this point, is a bit risky. If you fail certification as is, you either have to go back and modify all of your equipment to be compliant or you have to exist solely on your own equipment, which is fine, but customers might not like the lack of choice in hardware. Many big companies, like the ones you cite, would rather wait until they can get the officially certified technology. Many others, like Verizon here in the states, have taken the gamble and begun rollout. Combine that information with the fact that the companies you state already have a large amount of existing infrastructure that they're not dying to replace and the $600M it would apparently take to make that replacement and you can see why those companies might move a little sluggishly.
Now, you probably know much more about the financial dealing you cite in the article than I do, but it looks to me like Globetel made a profit on the transaction as well as acquiring all of the networking equipment of CGI. I admit the transaction looks a little "creative", but I'm not sure I can really complain about a net profit with some hardware thrown in to boot. It looks to me like they had some plans that weren't coming to fruition, saw that because of increases in the price of their stock, they could jettison the deal and make a little profit. Your article states that all of the shady dealings associated with ATC/CGI happened in or before 2002 and GTE bought what would have been a distressed company in 2003. It is disconcerting that GTE didn't fully disclose that information to its shareholders, I agree. If you had stuck to that point and didn't put a bunch of nonsense in your article, you would've made a lot of sense. As it was, you impugned yourself to all of the shareholders who really follow the company. I'm sure you're tired of hearing from us, but we really do know more about the company than you do and so we feel we must defend Globetel from what are obviously baseless accusations.
Regards, XXXX XXXXXXXX
<hr>
I know many here don't like that I even responded to it, but some were wondering why no one rebutted the article. So there it is. I also copied Bill Mann on the email, who is senior editor for investing at Motley Fool. ___________________________________________________________________
The boy Seth who cried wolf. As mentioned, this time Seth has thrown everything at GTE, including that discarded kitchen sink dredged from the swamp out back. Despite the boy's vicious, disjointed ravings, stock refuses to die. That telegraphs to the market, this is the real deal.
Seth cried wolf twice lately. Next time no one will believe him. ___________________________________________________________________
Nice HAA article. Interesting blog discussion below article in link on rigid airship need as well.
ROCKY HAS PASSED THE BATON OF I-HUB MODERATORSHIP TO MIDE; ROCKY NOW HAS A WEB SITE DEVOTED TO GTE: http://rockyinfo.com/
Rocky was the founder of both this board and the GTE TA (tech analysis) boards here on I-HUB. 99% of everything you read in the header on this page he compiled for your perusal. It doesn't hold a candle to what he has compiled in resource materials on his new site.
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