Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 60.01

+0.4%

Jan 9 9:30 AM EST

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To: Gregg Powers who wrote (16025)	8/22/2000 12:57:00 PM
From: Rocket Scientist	Read Replies (3) of 29987

<<one could argue that our $60 million investment controls in excess of 10% of the economics of an entity that you believe could be worth $40 billion>> Would you mind clarifying the above? The 40B$ market cap was referenced to all of GLP, correct? To control 10% of GLP, one would have to acquire 25-30M shares of GSTRF. For 60M$, one could have purchased at most 10M shares (which would be no small accomplishment, for sure, considering the float is (was) probably less than 60M shares.) Do you own options as well or what am I missing? Contrariwise, if you believe that GSTRF's market cap will approach 40B$ in some timeframe, that implies a value on all of GLP of 100B$; at a 30X P/E, 3B$+ net after tax income is required, which would imply a nearly full constellation; in what time frame do you envision that happy occurrence? TIA for your comments. RS

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