Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 64.36

+1.0%

Jan 13 3:59 PM EST

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To: KyrosL who wrote (17663)	10/6/2000 11:50:38 AM
From: Michaelth1	Read Replies (3) of 29987

I sold virtually all of my already-reduced G* position today (prior to today, it was about 1/10 of the shares once owned). I now own only a very small, token amount of shares. Why? No one specific reason put me over the edge. Perhaps the straw that broke the camel's back is my impression that BLS' dumping of endless amounts of shares into the market just before 3Q numbers isn't a good sign. Perhaps it's because I've seen almost no signs of life from anywhere but Canada. Perhaps it's because I've seen virtually no FAUs placed anywhere. All of these reasons I've expressed previously, so this is not news. I simply think that there's a very good chance that G's SPs will move very, very slowly in utilizing this system regardless of the negative affects to G shareholders. They'll make money on the service, not on the equity. And they'll focus on G* when they want. Fwiw, I'll still post here and follow G* regularly since I really do think that it has awesome potential. Hopefully I'll see a golden opportunity and pounce back in, even if it is at higher than current levels. Good luck to all longs.

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