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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 60.75-0.5%Nov 28 9:30 AM EST

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To: David Wiggins who wrote (6854)8/26/1999 2:29:00 AM
From: Maurice Winn  Read Replies (1) of 29987
 
Ignorance is bliss? Silly cute little us with our little minds? The only reason we have ignorance is that Globalstar denies information. Who do you think owns this thing? It's us! It's OUR system, not management's to keep us in the dark then announce absurd price plans and no handsets being ordered until maybe next year sometime maybe.

The share price should be way up by now and unless they successfully launch a red-hot system, the cost of capital and amount of dilution to us shareholders is going to get messy. We want huge profits, not huge cost of capital when the sales are slow and we need a bit more money to keep things ticking over. The Iridium model being adopted of high minute prices, high handset prices, minimal minute and handset sales and an unprofitable mess with few customers is not the best way to go.

Maurice [Anyone still reading?]
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