Globalstar Telecommunications Limited GSAT Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 56.80

+0.2%

Nov 21 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Maurice Winn who wrote (6959)	8/27/1999 8:51:00 PM
From: Rocket Scientist	Read Replies (1) of 29987

Maurice, it's one thing to complain about a lack of information from the company, I sympathize with that. But I'd prefer to avoid spreading rumors about "no orders" or forgeting what's long been disclosed and well known to people who follow this stock. The orders, for 300+M$ were made in April '98, I believe; why aren't the phones here already? I don't know, but I believe Vman has explained from time to time that the phone design needed validation by test w/ a nearly full constellation and software finalized, etc, before production could start. I find that explanation pretty plausible. Where did the money come to pay for them? Have you forgotten the "Soros transaction" of last year that generated about 200M$ escrowed for use only for purchase of phones and GWs? If you look on G*'s balance sheet, it shows 135M$ worth of "production gateways and user terminals." We can disagree whether 300K is sizable enough, and there's reason to be dissatisfied about the schedule erosion in their delivery, but I don't see any evidence that the phones ordered aren't fully funded, or that fear of lack of demand is slowing their production.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next