Jon, we know you think the bonds should be higher and that's why you are buying them. The question was really, is that reasoning correct about the mechanics?
I suppose you are like a happy little pig in mud and you don't want a big crowd jumping into the bond market before you have got your fill so you don't want to encourage, just yet, the idea that the bonds are absurdly cheap at 28c [or whatever they are now on - I suppose higher since the share price jumped today as people like Dweeb and Anthony@Pathetic started to realize that this POS is NOT a no-brainer short to BK].
It seems we can assume you are buying big because it only takes 5 minutes to accumulate stock if one is buying small. So you are probably single-handedly moving the bond market.
The 200kbps data rate for WWeb access in 747s etc announced by Q! must have made people sit up and take notice.
It seems we will NOT have to wait for Constellation2 for 384kbps after all. I suppose Q! is adapting HDR for G! and G! is adopting it. G! will be an early adopter.
I wonder which year it will dawn on people that Globalstar is going to be the main worldwide WWeb and phone system. Right now, shares are for sale under $10. The shortest day 2000 is going to be a mark in history. People will say "Yes, I was there and yes, it really was only $6 a share".
Learned Books will be written by Harvard Professors [okay, maybe Yale too] about how such an amazing technology, which was proven worldwide by Q! and 80m subscribers was completed for worldwide coverage in one go, with an obvious technology trajectory as far as the eye can see [well, a lot further, but that's a handy cliche], with unlimited potential and need for human perception and communication, with NO competitors, [little aeroplances permanently buzzing around the stratosphere is such a dumb idea that it doesn't count], could be sold for knacker's-yard prices.
Here is some technology which G! handsets will use:
Methanol fuel cells
GaAs, and those other new ASIC materials
BIG antennae in space and little handsets on the ground
Combination constellations [high, medium and low]
Gateways all over the world with NO gaps including the poles
Fibre all over the world
It [TM] WWeb services/symbiosis
724 Solutions Q and $ storage and movement
SnapTrack eye in the sky
Digital HDR camera
Flash memory galore
HDR/MC-CDMA for FAST data services
Loral has put up the telephone poles and now Q! will fill them with phragmented photons by the petatrillion. People don't seem to notice that G! and Q! have got a global monopoly of stupendous proportions. Notice that Q! did NOT sell the Globalstar handsets business. Q! still has all the G! stuff. When 3bn people have a G! device, I think both Q! and G! will have very large funds flow.
Rome wasn't built in a day.
Maurice
PS: I was at my old engineering school the other day, checking out OFDM as competition for G! and there happened to be a couple of profs from Yale and Harvard in the bathroom ['dunny' in local lingo]. When they walked out, the smug Yale guy said to his buddy from Harvard "Hey! You didn't wash your hands - geez, don't they teach you animals anything at Harvard?" The smug Harvard guy told him "Well, at Harvard, they taught us not to pee on our hands". [I didn't know whether to wash my hands or not]. |
