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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 58.30-1.4%10:11 AM EST

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To: FJB who wrote (12974)5/19/2000 8:37:00 PM
From: TMann  Read Replies (1) of 29987
 
is it? guess that depends on minutes of use. I'm using 160 MOU per month which equates to about $700 rev. per yr per sub. Cash burn is $500M/yr so would need north of 700k subs to breakeven. Would have to assume $1000 per year per sub to get to 500k sub breakeven. (any G* subscribers planning to use $2000 of minutes per year <$160/month>?)Guess its achievable and perhaps its what bernie believes but then again bernies not been known for accuracy lately. I still think they'll need at least $500M to fund the shortfall which I can't imagine coming without major dilution.
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