Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 63.86

-7.5%

2:59 PM EST

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To: coachbobknight who wrote (9294)	1/6/2000 11:12:00 AM
From: moat	Read Replies (3) of 29987

Everyone, I agree with the issues raised by yesterday's ML note, those are good questions/issues. I changed my mind about GSTRF (given today's valuation and the risk/reward calculation in my mind) and sold all my shares the past 3 days. The technology (LEO, CDMA, ground-switching) is great, G's partners are great, management is very good. The issue is demand at over $1/minute. Looking at Iridium's 50,000 subs (same pricing now as G) I have doubts. Also, I don't think all investors understand what they own given the LP setup. The market cap of GSTRF is already at over $10 billion (over 255 million shares outstanding fully diluted given certain operating goals). I no longer feel I have a good grasp of the risk/reward situation so I said bye-bye to the shares (all bought Dec/99). If minutes were offered at under 50 cents per minutes I would view the demand situation very differently. Let me know why I should buy GSTRF back, short it, or do nothing. I am completely neutral at this point. moat

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