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good2be

03/01/06 4:31 PM

#16367 RE: Transat 5 #16365

from the 2/9 DJ article, we have this insider quote:

"But the Russians told Dow Jones Newswires their commitment to GlobeTel could make the delay doubly lucrative for the Florida-based company. Displeasure with the hold-up, coupled with confidence in both GlobeTel and a swift resolution, has caused the Russian investors to bump the first scheduled payment to $300 million, or half the face value of the wireless-network pact GlobeTel announced in December, the company and one of the Russian investors told Dow Jones Newswires Thursday.
http://webreprints.djreprints.com/1404921412584.html

So let's see. On 1/26, Huff sounded very confident the dep will be on sch, 1/31.

On above 2/9, both Huff AND Russians confident of a "swift resolution."

Almost 3 wks later and 29 days into a 30 day extension, it's not looking good for any dep, much less double. (No one would be more pleased tomorrow than I to find out this is wrong).

In light of the above, if deal officially announced dead or delayed tomorrow, the shareholders better get one hell of an explanatory PR.

FEEL FREE TO COPY AND PASTE TO A ROB BLECKMAN E-MAIL.....