GTXC GTX Global Gatelinx

First, technology.

Just got back from Interop in Las Vegas. 2 years ago, Gatelinx was named a finalist for best in show for the Gatelinx Communicator with Multi-party calling. Back then, the word was that Gatelinx had about a 2 year window of competitve advantage. You read here about that window slamming shut (iPhone), but now.. that darned window is boarded shut, bricked over and gone for good. Tandberg showed multiple appliances (video phones) at price points well below what was previously possible, and they all interoperate with other voice/video applications. See Gatelinx's, er.. GTX Globals channels strategy (originally from January of 2004 that hasn't been changed) and any hope of putting the underlying technology on a chip set is gone. (http://www.gtxc.info/default.asp?Dir=Partners&PageView=ChipManufacturerSolutions&Title=GTX%20Global%20-%20ISP%20and%20Portal%20Solutions)

AND, a new company (Lifesize..http://www.lifesize.com/) showed unbelievable technology with automatic firewall and NAT traverssal (Gatelinx's orginal claim to fame) and they claim 35 partners in 20 countires. And, oh lookie here... not a "Govalin", "Heelstrike" or "Yadio" among them.

That's not all. the technology opportunity, such as it is given that it never got past beta level code, is GONE. and now, so too it appears the pump and dump scam is about to run it's course as well. The indians (SEC and FBI) are closing in.

The circle of "trusted advisors" is getting picked off one-by-one. Howell and Vernice Woltz, the original partners in crime for the Hagens, are now held in federal custody on "related" charges (see posts on this blog further down, and one comment submitted as well). And, they're being held WITHOUT BAIL. The Bahamas don't have an extradition agreement with the US for these kinds of financial and fraud crimes.

This is also the same island nation David tried to bribe his way into business ventures with the son of the prime minister, was able to establish residency, and used to brag about "bribing the customs officials" to get his (and Annette's) wine collection and household antiques into the country without paying duties.

And, it's the same country of origin for the former head of "Vizual" corp. You remember them, right? They're the group that was originally set up to BUY the technology suite from the Hagens. David turned that deal down too (among at least 4 other offers) but then, in a strange twist, ended up buying back the technology and "intellectual property assets" from Vizual.

Well, like all their deals, it of course had to be restructured (see yadio, and the never ending "due diligencie period" for heelstrike/govalin). But isn't it amazing the ties between the Bahamas, the Woltz'es and Koz, Oemke, et al.? And, isn't it even more amazing that you can turn down a deal to sell technology, but create a deal to buy the technology from a company that a: never existed, b: didn't develop any technology and c: had no assets (intellectual or othewise) to sell? (do a google search for the old "gatelinx" product info, do a vizual search.. you'll see the old Gatelinx images used by Vizual, albeit with different names, i.e viztalk, etc)

Word is also, they're (the FBI and SEC) are looking to speak to the former executives of Vizual. The "president" was a former partner of Gatelinx (do a google search for Gatelinx and Vidme for info.. and notice the striking similarities to Vizual).

All for now....