Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 61.62

-4.6%

3:59 PM EST

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To: Maurice Winn who wrote (14174)	7/4/2000 7:23:54 PM
From: Rocket Scientist	Read Replies (1) of 29987

<<5. Confirmed that June is ahead of plan for rollout, (for what that is worth) 6. Gateway deployment going very well.>> Maurice, I wish your correspondent were not so gullible, or at least would provide specifics of the "plan" that we're ahead of. Although a lot of his other comments sound good and I'd like to believe them, the above two strain all credibility. There was a "plan" in last year's shareholders' letter to have 38 GWs on line by mid 2000; there was a "plan" in May '99 to be at EBITDA b/e by now; there was a "plan" in the January prospectus to have 82 countries in billable service by 6/30; there was a "plan" to start service in Russia in March; there was a "plan" to introduce service in the countries neighboring the Venezuela and Finland Gateway in April or May; there IS a "plan" on the GLP website to service 59 countries in June. But, all evidence suggests less than 40 countries are actually in commercial service as we speak, yet we are ahead of "plan." Somebody please post a copy of the current "plan."

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