Post by fastwalker on Oct 19, 2004 16:52:07 GMT -5
:)GBBI is getting a huge amount of publicity, big things are happening for this little company. Check it out...
For the past few years, Globalbancorp, GBBI has been a very clean (no debt lawsuits, etc.) publicly traded corporate shell with approximately 7,400,000 shares outstanding. The vast majority of these shares, est. around 7,325,000 were owned by the corporation's founders and the CEO, Ray Prescott. This left a very small float of approximately 75,000 shares. During this period the stock traded very infrequently, when it traded, due to the very small public float and the fact that this was a very clean shell it traded in the $1 - $2 range. Then, in the beginning of May, 2004, a former director of the company sold 100,000 shares of GBBI on the open market, depressing the price of the common stock to an all time low of .25 per share.
A few weeks later, like a bear out of hibernation, the dormant shell, GBBI, came to life!
The company announced its intent to engage in active business and seek listing on the NASDAQ market.
bigcharts.marketwatch.com/news/articles.asp?guid={A754D1ED-8D4A-43FE-ADE7-3EA8469B8F5B}&newsid=814974181&symb=GBBI&sid=1096565
They announced the acquisition of Macro Communications:
bigcharts.marketwatch.com/news/articles.asp?guid={FF0F1AF7-53DE-48DB-8DDC-87354C836D33}&newsid=814730299&symb=GBBI&sid=1096565
They announced the closing on the purchase of assets of a defunct wireless operator in Vancouver (in the pr titled “presidents letter to shareholders” on June 3rd) and their corporate objective to provide and install a broadband wireless network in multi-density residential buildings, which will provide voice, video-on-demand, data, and personal banking services. Global expects owners of these properties to license the company’s unique bundle of high-quality services and to become resellers. Global will also wholesale to ISPs and to private businesses. First, they will commence beta testing over GBBI’S Vancouver broadband wireless network, and then will offer their perfected service packages across Canada and the US.
Then, on Aug 20, they announced the signing of an agreement with AEBC Internet Corp to provide Global with VOIP for the deployment of Global’s VOIP (Voice over the Internet Protocol technology) telephone service in Canada and the US.
bigcharts.marketwatch.com/news/articles.asp?guid={91652AC9-3709-49DC-ADE4-46572B80740A}&newsid=818192774&symb=GBBI&sid=1096565
This will integrate AEBC Internet’s Voice over the internet (VOIP) and customer services with Macro Communications Applications Service Provider technologies.
recap:
*Global has 0 debt.
*In August, 150,000 shares of GBBI have been accumulated on the open market leaving an extremely low public float of less then 100,000 shares.
*Unlike many stocks that trade in this price range, Global is a real, genuine firm that can’t be shorted because the CEO and founders own 98% of the stock.
*At .25 the stock is highly undervalued, the driving force that drove the stock to this all time low is gone.
*Lack of stock in the public domain, coupled with 90% buy side volume has continued to drive the price of Global higher.
All this and the vast majority of the investment community is still unaware of GBBI, this is changing fast however.
This constitutes just the beginning. $5 per share is IMO probable in the near term, as Global launches its wireless network in Vancouver, BC, completes the acquisition of Macro and attains a listing on the NASDAQ market.
8-)SOURCE: Sterlings classroom
For the past few years, Globalbancorp, GBBI has been a very clean (no debt lawsuits, etc.) publicly traded corporate shell with approximately 7,400,000 shares outstanding. The vast majority of these shares, est. around 7,325,000 were owned by the corporation's founders and the CEO, Ray Prescott. This left a very small float of approximately 75,000 shares. During this period the stock traded very infrequently, when it traded, due to the very small public float and the fact that this was a very clean shell it traded in the $1 - $2 range. Then, in the beginning of May, 2004, a former director of the company sold 100,000 shares of GBBI on the open market, depressing the price of the common stock to an all time low of .25 per share.
A few weeks later, like a bear out of hibernation, the dormant shell, GBBI, came to life!
The company announced its intent to engage in active business and seek listing on the NASDAQ market.
bigcharts.marketwatch.com/news/articles.asp?guid={A754D1ED-8D4A-43FE-ADE7-3EA8469B8F5B}&newsid=814974181&symb=GBBI&sid=1096565
They announced the acquisition of Macro Communications:
bigcharts.marketwatch.com/news/articles.asp?guid={FF0F1AF7-53DE-48DB-8DDC-87354C836D33}&newsid=814730299&symb=GBBI&sid=1096565
They announced the closing on the purchase of assets of a defunct wireless operator in Vancouver (in the pr titled “presidents letter to shareholders” on June 3rd) and their corporate objective to provide and install a broadband wireless network in multi-density residential buildings, which will provide voice, video-on-demand, data, and personal banking services. Global expects owners of these properties to license the company’s unique bundle of high-quality services and to become resellers. Global will also wholesale to ISPs and to private businesses. First, they will commence beta testing over GBBI’S Vancouver broadband wireless network, and then will offer their perfected service packages across Canada and the US.
Then, on Aug 20, they announced the signing of an agreement with AEBC Internet Corp to provide Global with VOIP for the deployment of Global’s VOIP (Voice over the Internet Protocol technology) telephone service in Canada and the US.
bigcharts.marketwatch.com/news/articles.asp?guid={91652AC9-3709-49DC-ADE4-46572B80740A}&newsid=818192774&symb=GBBI&sid=1096565
This will integrate AEBC Internet’s Voice over the internet (VOIP) and customer services with Macro Communications Applications Service Provider technologies.
recap:
*Global has 0 debt.
*In August, 150,000 shares of GBBI have been accumulated on the open market leaving an extremely low public float of less then 100,000 shares.
*Unlike many stocks that trade in this price range, Global is a real, genuine firm that can’t be shorted because the CEO and founders own 98% of the stock.
*At .25 the stock is highly undervalued, the driving force that drove the stock to this all time low is gone.
*Lack of stock in the public domain, coupled with 90% buy side volume has continued to drive the price of Global higher.
All this and the vast majority of the investment community is still unaware of GBBI, this is changing fast however.
This constitutes just the beginning. $5 per share is IMO probable in the near term, as Global launches its wireless network in Vancouver, BC, completes the acquisition of Macro and attains a listing on the NASDAQ market.
8-)SOURCE: Sterlings classroom