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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 63.99+6.0%3:09 PM EST
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To: Maurice Winn who wrote (8551)12/4/1999 7:50:00 PM
From: alias  Read Replies (1) of 29987
 
If this new technology and service is marketed correctly there will be subscribers. This week a real estate broker friend of mine was concerned about going to Columbia SA for a month on business in a remote area and not having access to communications. Since G* not up and running I told her she might call Motorola/Iridium and see if she could work something out. She emailed Iridium and got a phone call from a rep in Chicago within an hour. She discussed her problem with him and he offered her an Iridium phone for $750 with 30 day money back guarantee if it didn't work for her on her trip. The phone was FedEx to her the next day and she worked with the rep over the phone to learn how to operate it. She and I drove up into the mountains surrounding our area and tried it out several times and it worked like a charm. She left on her trip Thursday. Today she called me from the Panama Canal and reception was clear as a bell.

I asked her what the monthly service was setting her back and she said it was high as hell but definitely worth it...cost no object for someone whose work and personal life demanded guranteeded access to a phone.

Anyway, the market is out there. If G* can implement their business plan and market the damn phones/service adequately then we should see some return on our stock.
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