Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 61.03

-1.2%

Dec 31 3:59 PM EST

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To: Geoff Goodfellow who wrote (10527)	3/6/2000 6:16:00 PM
From: K_Meister	Read Replies (1) of 29987

Response to GSTRF Phones in Toronto, Canada. I am surprised that not a single GSTRF dealer in Toronto carries a demo phone. All have stated that they will be happy to order one for me but have "no intention" of ordering a demo because "it is a very expensive phone." Moreover, they "do not" expect to see "much interest" in the future as well because of the high price of the phone and service. Moreever, all but one dealer indicated that they haven't sold a single phone yet. The sole exception was a dealer claiming to have "sold phones" to "people in mining." (Mining - and natural resources - by the way, is one of the key industries of Canada). The lack of interest in GSTRF phones is troubling to me. As some of you may know, Toronto is the financial capital of Canada and as such does have a substantial wealthy community who should have been tempted to purchase GSTRF phones for use in their vacation cottages and/or even in their cars due to limited cellular coverage (relative to the land mass of Canada). If dealers in Toronto do not see much of a consumer market, how can GSTRF expect a "substantial" market in Australia? I say this because in my conversations with investor relations at GSTRF, they have repeatedly insisted that Australia is a "very promising" market on account of its large land mass and limited cellular coverage. Well that may be so, but prices of the phones as well as services will have to come down significantly if GSTRF is to succeed in addressing this market. And I am not even going to talk about the Thirld World since most of its inhabitants simply do not have the purchasing power of Canadian and Australian citizens, to name just two industrialized countries that "theoretically" need this service. Just my 2 cents. Still holding on to some shares as "play" money should Bernie pull a rabbit out of a hat. KMesiter

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