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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 73.01-0.9%Dec 12 9:30 AM EST
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To: RMiethe who wrote (5402)6/28/1999 11:02:00 PM
From: Raymond Duray  Read Replies (1) of 29987
 
Hi RMiethe,

As a neutral observer (no position in GSTRF and burned on IRID) I rather think that Mr. Bechhoefer's observations about the statments of Mr. Schwarz and the requirement of the SEC are very salient to the discussion here. I detect a bit of unalloyed boosterism on this thread and in regards to the Loral family of companies in general. A bit of skepticism may well have helped me avoid my losses in the IRID flame-out.

While I agree with you that it was known throughout the day by company advisos issued during the start of the conference that corporate comments at the DLJ conference were "forward-looking", covered by the SEC safe harbor provision..., I must object to your conclusion. You said, Great for potential shareholders of Globalstar to read., meant obviously as sarcasm and disdain for Mr. Bechhoefer. Well, sad to say, this rant adds no more light to the discussion than the posts of those you chastise.

For those who are still here, you will recall that I have posted a few skeptical items in the past. I must say, I really like this LEO technology, it is neat. I hope it is a market success as well as a technological feat. But I'm having the hardest time trying to figure out who the market is for this system.

Best, Ry
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