3SOF

I am right with you on this one Scottish Trader.  I am way overweight in GTE due to selling a bunch of my big winners last year.  I kept virtually all of my GTE and have been waiting for Strat news to unload about half of it.  Then the Russian deal popped and I have been waiting for that to finalize.  I am hoping to unload in the low to mid 4's and if lucky, 5's.  Honestly, I don't see a huge pop on the news since we are just waiting for confirmation.  Should build a nice healthy base for other wireless deals and the Strat.

Personally, I do not hold great promise for an operational Strat this year.  It may indeed take the SP above 10 though if launch, etc... is really good. Although I do believe it will eventually be a winner, I don't believe that it will be commerical within a year.  I'll say three.  I have been in R&D all of my life and nobody knows exactly what will happen to this aircraft when it parks at 65,000 feet.  Alot of chemistry goes on in the upper atmosphere that may not be a real happy place for extended operations.  Just my 2 cents anyway.

Amazingly I found something on the GTE Yahoo MB that was actually worth reading!!!

GTE presented its stratellite concept at a European Military satellite conference last week - interesting!



ply to: None   
Date:3/13/2006 12:06:03 AM
Post #of 21787

GTE speaks European Military Space conf.3/8-9/06

Bob Jones and GTE's strategic partner, the good Dr. Bernd Kroeplin, spoke at a military space conference held in Brussels Belgium 3/8-9/06. It should be obvious to the reader, based on the individual speakers presenting and the particulars of topics covered, that the Stratellite and it's various "versions" have arrived.

This is not an event for frivality or dreams, but reality. Serious topics by serious people, and we are among them. Notice any other high altitude airship reps present, like Lockheed or JAXA/CAPININA (Europe's own answer to HAA), or Aeros whatever....?

Nope, just us.

[click OVERVIEW LINK to see speakers]


http://www.smi-online.co.uk/events/programme.asp?is=1&ref=2317&day=2

MilSpace: Challenges and Changes
8th to 9th March 2006, Royal Windsor Hotel, Brussels, Belgium.

Overview:
Following the huge success of Global MilSatCom – the largest independent military satellite communications conference in Europe, we are proud to present the latest in our military space series...MilSpace 2006 Challenges and Changes

SMi's inaugural MilSpace 2006 conference will explore recent developments in space systems and the growing importance of space applications for the military in the 21st Century. Bringing together a dynamic mix of high level government and military officials and leading suppliers and industry experts, the conference will examine SatCom capabilities, space surveillance, navigation, defence, intelligence and the importance of space agencies. MilSpace 2006 will provide a platform for discussion, giving a clear picture of the current issues surrounding military space.

MilSpace 2006 will also address challenges and solutions for the future of military space, technological developments within space-based systems and lessons learned through operational experiences to aid future battlespace operations

Day 2

3:10PM

STRATELLITE FOR TELECOMMUNICATIONS AND MILITARY USE


Sanswire family of Airships - Uses for the Airship

Homeland security support capabilities
mobile communications relay for surface and air troops
battlefield tactical communications relay
Real-time immediate orthorectification image processing
command and control uplinks and downlinks for time critical ISR data
GPS and SATCOM data/communications relay
data relay to or from AWACS or JSTARS assets to other air or ground assets
extensive electronic warfare (EW) system platform to aid "blue force" operations
Bob Jones, President, Sanswire Networks, LLC.

Professor Dr Bernd Kroeplin, Project Co-ordinator, University Of Stuttgart Institute Of Sanitary Engineering.

GTE's in Freefall 

They made a PR alright:

http://biz.yahoo.com/bw/060313/20060313005793.html?.v=1

I know this was a high risk play but man!!  as I watch it is down almost over 25% and all hell is breaking loose.

As I said in a previous post - if it seems like a sure thing then its probably too good to be true!!

Having said that, I'm sure glad that I took my oown advice and halved my position first thing this morning - at least I broke even on that lot - took a bit of a loss on the other half but we'll see what happens.

I knew I'd have to watch this one like a hawk toay, so any other holders out there, I hope you were too and got out in time.

Man oh Man this sucks!!!

No, I did not sell...yet.  The shares I have are mostly from a couple years back, I have plenty of wiggle room.

Man o'man, still playing OTC games...what a pathetic state of affairs.  Pardon my absolute ignorance of the real world but it seems as though this company issues PRs they have no business releasing.  I guess I just don't understand why you would announce a $600M deal if it wasn't IN THE BANK !!! (notice I didn't mention the strat but same story there too).

The amount of $ that have been gained and lost on this stock since Dec. 30 is truly amazing.  I have never been much of a trader but this stock makes we want to start.

Looks like I'll be waiting a bit longer to dump my shares above $4.

JKN - I know you are a long termer, but I would be very careful on that one as the long term chart shows.  If this deal is a bust, and Huff basically gave himself an open door to walk through in that PR, GTE is gonna get taken to the cleaners, and it could be a VERY long time before you see $4.  I was amazed at the amount of buying that kicked in though - nearly bought a couple thousand shares a few times to play the rebound but didn't in the end, just didn't feel I could trust it.

I wouldn't be surprised to see GTE tack down the rest of this week as people wait to find out what is really going on - the problem is that this stock is so reliant on news and hype that investor confidence gets shaken out in a second.  I really couldn't tell you what is real and what is hype with this one any more - news like this really does add legitimacy to the bears and the motley fools circling around GTE now.

From 4 bucks to 0.40 cents... what the ****!...

An extended downtrend.....
Bullish engulfing today...let's watch.

52wk Range: 0.40 - 4.49

Volume: 1,959,600
Avg Vol (3m): 788,615

Technicals
Last Price Quote is:
-7.17%below 13-day EMA
-34.54%below 50-day EMA
RS Rating: 1 



Amex Rings GlobeTel Again
By Seth Jayson (TMF Bent)
August 28, 2006

We already knew that GlobeTel (AMEX: GTE) was under the gun. Its home exchange, after all, sent it a notice of intention to delist the stock, saying GlobeTel had "engaged in a pattern of issuing overly promotional press releases" at the same time that "its management has engaged in operations, which, in the opinion of the Exchange, are contrary to the public interest."

Thursday, the firm -- whose loyal fans believe it can outcompete or make obsolete companies as powerful as Lockheed Martin (NYSE: LMT), Cisco (Nasdaq: CSCO), Motorola (NYSE: MOT), Verizon (NYSE: VZ), Comcast (Nasdaq: CMCSA), and AT&T (NYSE: T) -- released an 8-K detailing another note from the American Stock Exchange.

To put it mildly, the Amex does not seem pleased. GlobeTel reveals that the exchange now accuses the company of (emphasis mine):

(1)  Failure to make timely, accurate, and compete disclosure of material corporate developments, as well as engaging in a pattern of issuing materially misleading and overly promotional public disclosures; 

(2)  Failure to comply with Securities and Exchange Commission reporting obligations by filing incomplete, misleading, and/or inaccurate information in its public filings;

(3)  Failure to provide information to the exchange;

(4)  Providing materially false and misleading information and statements to the Amex staff, hindering its investigation of the company's compliance with Amex listing requirements;

(5)  Acting to interfere with the operation of a fair and orderly market by issuing public statements not warranted by the company's affairs that were intended to affect the price of its common stock;

(6)  Association with an individual with a history of regulatory misconduct that rises to the level of a public interest concern;

(7)  Serious internal control weaknesses that rise to a level of a public interest concern.

Quite a list, no? And I'd say the latter allegations are by far the most interesting. No. 5, well, that sounds like stock manipulation to me. I wonder if the SEC is paying attention to this. Hello? SEC?

Nos. 3 and 4 are even more curious. What is it the Amex wants to know? Why would GlobeTel fail to provide information? And why would GlobeTel provide materially false and misleading information and statements to the Amex?

Maybe, like me, Amex would like to see proof that GlobeTel's claims about various worldwide entities were warranted. For instance, I'm still waiting to see proof that Internafta -- the Russian outfit with the "binding" contract that didn't bind -- ever existed, let alone had assets sufficient to warrant the "contract" and the PR blitz.

(I was suspicious of that deal from day one, especially because CEO Tim Huff couldn't give me a single shred of contact information on those foreign partners when we spoke in the days after the deal. But GlobeTel has long since stopped responding to my calls and emails.)

I doubt those of us who are following the drama will ever see enough evidence to satisfy our curiosity. And as for GlobeTel, I'm not sure it's long for this world. The latest 10-Q showed less than $2 million in cash, versus payroll and taxes of more than $1 million a quarter, in addition to $441,000 for travel and $635,000 in officer compensation. I'd say it's just about out of money.

And on that last bit, management agrees. Here's what it had to say, "The Company anticipates increased cash flows from 2006 sales activities; however, additional cash will still be needed to support operations."

Hmm. And if it can't find anyone to loan or invest?

"... If budgeted sales levels are not achieved, or if significant unanticipated expenditures occur, or if the Company is unable to obtain the necessary funding, the Company may have to modify its business plan, reduce or discontinue some of its operations or seek a buyer for all or part of its assets to continue as a going concern through December 31, 2006."

There's not a whole lot more that needs to be said.

Other Headline News ......
http://finance.yahoo.com/q/h?s=GTE

Update...

52wk Range: 0.40 - 4.49

Volume: 1,851,700
Avg Vol (3m): 809,683

Technicals
Last Price Quote is:
14.41%above 13-day EMA
-18.87%below 50-day EMA
RS Rating: 2 

Fundamentals
Key Data:
Market Cap (M): N/A 
P/E Ratio: N/A 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: N/A

Hi, Travis, it's been a while since I've visited 3sof. Hope you and the rest are getting disgustingly rich. 

There was a piece on GTE's strat on CNBC yesterday afternoon. I believe the show was "Street Signs". They showed the 1/5 scale test blimp in the hanger, and Jones touted the benefits of a strat over tower technology. There was no mention of GTE's problems.

D'Wheeze

       ??
Has anyone heard or seen anything on the delisting by the exchange.
Did the company get flushed....  

While typing this post,
Futher searching found this...
I suppose this will answer my questions !



FORT LAUDERDALE, Fla., Oct 06, 2006 (BUSINESS WIRE) -- GlobeTel Communications Corp. (GTE, Trade) today announced that it has learned that the Securities and Exchange Commission has issued a formal order of investigation concerning, among other things, certain accounting issues, including the treatment of certain acquisitions and the valuation of certain intangible assets.

Additionally, the Company's Audit Committee has authorized an internal investigation into the same matters. The Company and its management intend to fully cooperate in both investigations. The outcome of the investigations cannot be predicted at this time.

The American Stock Exchange has notified the Company that the Listing Qualifications Panel upheld the Amex Staff's determination to delist the securities of the Company. The shares will trade on the American Stock Exchange through October 10, 2006 and then will begin trading on the Pink Sheets on October 11, 2006. The Company will be taking steps to move to the OTC Bulletin Board as soon as practicable.

The Company will inform its shareholder and institutional base of its new trading symbol once assigned, and will keep its interested constituencies informed of developments associated with its migration to the over the counter market, and other developments.

Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect," "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements.

SOURCE: GlobeTel Communications Corp.


GlobeTel Communications Corp., Fort Lauderdale 
Robert Bleckman, Director of Investor Relations, 
954-775-1427 

Copyright Business Wire 2006

i was fortunate to have owned this twice with the privledge of getting out without a loss, but ive followed this stock since the otb and split days in the beginning, and its truely disgusting that corporate scandals like this can still go on after the enrons and worldcoms. i was one of those firm believers in this company as there were many more, but thankfully i got out quick enough, but its very sad for those that didnt. this PR stock is a joke.

Gotta keep an eye on those long dead forgotten stocks.  GTE (now GTEM.PK) finally left the launch pad (again?) quite literally this time as they successfully test flew (admittedly a tethered flight) their Sanswire II:

Sanswire Networks LLC to Float Equipped 2A Technology Demonstrator Stratellite(TM)
http://biz.yahoo.com/bw/061212/20061212005649.html?.v=1

Sanswire Networks' 2A Technology Demonstrator Stratellite(TM) Floated Successfully, Proving Feasibility of Unique Integration Model
http://biz.yahoo.com/bw/061214/20061214005724.html?.v=1

The stock hit lift off too, more than doubling in the last 3 days...  I thought this co. was totally toast, and haven't looked in on it in a while, and then all of a sudden, well there you go.  I seriously doubt this will turn around all their fortunes, but it does seem they have been working hard at turning the company around.  We'll see.  It looks a bit dangerous for an entry now....

http://tinyurl.com/29o679

Press Release Source: GlobeTel Communications Corp.

CWID Teams Conclude Favorably On GlobeTel's HotZone Wireless Technology
Wednesday November 7, 11:37 am ET

FORT LAUDERDALE, Fla., Nov. 7 /PRNewswire-FirstCall/-- GlobeTel Communications Corp. (Pink Sheets: GTEM - News) has been informed that the 2007 Coalition Warrior Interoperability Demonstration (CWID) has yielded a summary of conclusions in its Final Report regarding GlobeTel's proprietary HotZone wireless communications technology.

CWID's Warfighter Operator team's conclusions indicated that "HotZone met its Integrated Communication CWID Objective by using VoIP DECT phones and providing a new technology that streamlined operational decision processes and enhanced the commander's command and control. HotZone's network easily handled broadband data, voice, and video."

The Technical Interoperability team at CWID concluded, "HZ4010 successfully provided an ad hoc network infrastructure for voice, video, and data applications and overall worked as advertised." It also went on to say, "If the government sponsor and/or vendor plan to interoperate the HZ4010 with Department of Defense systems, recommend the government sponsor and/or HotZone 4010/4020 vendor pursue Interoperability Certification in accordance with Chairman, Joint Chiefs of Staff Instruction 6212.01D, "Interoperability and Supportability of Information Technology and National Security Systems," 8 March 2006."

There was some taking off the table today but didn't effect the price . I'm still thinking this thing is going to go higher to break thru resistance.
If you decide to enter be sure and do it based on your own DD
I have no position

GTEM : seems to be setting up for something. First chart I posted traded over 500,000 shares which is not to bad but not that good. and been some selling since but it continues to be consolidating which tells me the price is stabilized and waiting for something.
I have no position