We seem to have entered the usual 'quiet period'. Everybody seems to have had their say. Everybody has had a week or three to figure out whether they think it a dumb idea to dehypothecate or not. Chris Gent and Bernard Schwartz are going to announce things in UK soon. I bet they announce more than just the start of commercial service in another country.
I think they'll be interested in some serious marketing.
Chris Gent will make Globalstar succeed. He has not be attaching his name to G! so strongly because he thinks it a loser.
Meanwhile, I can't recall whether I put it in before, but here's what I wrote to Carrie Lee of WSJ.com [for the record]. I was disappointed they focused on trying to make it an illegal scam instead of reporting the really good comments I made. Also, I'm surprised that I haven't heard from the SEC or Bill from California. It is obviously not illegal and not even worth an email, phone call or PM to ask me to desist, which I would of course do if requested.
From Carrie:
< got your message, thanks. I am curious as to whether you have concerns over
the legality of the board you started. Some could construe this as stock
manipulation, or at least an attempt at it. I'm also curious as to your
GSTRF stake. Will you comment on either?
Carrie
-----Original Message-----
From: Maurice Winn
Sent: Wednesday, May 10, 2000 3:54 PM
To: Lee, Carrie
Subject: The Great Globalstar Memorial Day Massacre
Carrie, you can quote me from the GGMDM stream. That way, we can be sure
that quotes will be actually correct. My experience of news media is that
they invariably get it wrong [or at least substantially distorted].
It's pretty much self-explanatory anyway.
Message 13668461
Just by way of background, I'm from New Zealand, Maurice Winn is my name,
I'm 51, with 4 young-adult offspring and have followed QUALCOMM [and
Globalstar] since 1991 when happening to meet an engineer who was doing
field trials in San Diego.
Our son, Tarken, also posts on SI occasionally and has a couple of Web
businesses
eigokyoshitsu.com
snowadventures.co.nz
[you need to know Japanese and have your puter Japanese enabled]
The first teaches Engrish to Japanese school pupils and the second is a
snowboarding tour business he runs with a friend.
You can read the other Globalstar thread and a couple of the QUALCOMM
threads, and Nokia, where any number of my posts [long and ranting] are
available to you to quote from. Keep in mind much of what I write is
satire, ironical, sarcastic, or tongue-in-cheek and intended to provoke
thought and discussion rather than just be 'my opinion'. So when you read
about 'great gender' or 'Super DNA' I'm being sarcastic about women being
treated as special entities who deserve preferential government treatment
or having to be hired in a certain proportion. The Super DNA comments are
related to the absurdity of treating racial groups as 'entities'. They are
not. The human genome is one great big muddle and to give government
favours by 'race' is stupid and damaging to the people who are intended to
be helped [the rich ones get the contracts and jobs, not the poor
ones]. I'm not some crazed sexist racist South Pacific maniac who needs a
separated corpus colossum........
Anyway, take a look around the threads. I'm sure you'll come up with
something.
The WSJ is not in the good books around SI since they seemed to have a
vendetta against QUALCOMM [do a search on 'Jacobs Patter' for example] and
were proven wrong by the wild success of CDMA in general and QUALCOMM in
particular. The same will happen with Globalstar. I imagine that you [or
somebody] in the WSJ might think the GGMDM is a naive attempt to rescue a
failing business.
Globalstar won't fail. It will be worth $1000 [excluding splits] by 2010
[I actually think sooner]. The technology is simply excellent. The issue
is for Service Providers to get 'the sweet spot' in minute
pricing. Telecom services are highly price-elastic = you cut the price to
the right level and demand explodes. The service providers are just now
rolling out service. Verizon for example is just now hiring sales managers
in the USA.
The GGMDM is mostly some fun, also to satisfy curiosity about 'short
squeezes' [check the Globalstar short % which is very high] and it won't
hurt shareholders to see their stock at a higher price and it will help
Globalstar in funding.
This dehypothecation [my favourite new word] will be fun. Only 5 or 6 days
until it's too late for all shorts to cover.
Maurice>
Mqurice
PS: I've cheated and corrected the spelling of colossum [I'd had collosum in the original]. |
