Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 56.80

+0.2%

Nov 21 3:59 PM EST

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To: moat who wrote (9323)	1/9/2000 6:22:00 PM
From: Jon Koplik	Read Replies (1) of 29987

Re : Lower the price per minute and I'll buy GSTRF back. A little "refresher" memo on how the world works ... The reason that GSTRF is trading around $30 or $40 right now is (partly) BECAUSE the handsets cost $1500 and the minutes are priced at roughly $1.50. IF ... GSTRF (or the service providers) announce tomorrow morning that they are reducing the retail price of the handset to $300, and the minutes to 65 cents, guess what that would do to the price of GSTRF shares ? And furthermore ... given past experiences with watching prices of both high-tech "gizmos" and high-tech gizmo usage charges endlessly fall in price, will anyone (except the short sellers of G*) really be surprised if and when some prices are reduced ? Jon.

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