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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 48.26

-5.6%

Nov 6 3:59 PM EST

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To: eikos who wrote (22965)	4/6/2001 4:24:29 PM
From: Maurice Winn	Read Replies (3) of 29986

eikos, I'm no longer on vacation! I've been trying deep-breathing meditation instead of 3D impressions of Globalstar, Vodafone, QUALCOMM [during my tour of California] or being mentally ensared in cyberspace. I even wrote a post yesterday, but deleted it. I'm [almost] at a loss for words. In response to a PM, here's what I wrote yesterday. There is an underlying hint of frustration in it...[I've slightly edited it] <My thoughts? Well, thanks for passing that on to me [edit - name deleted]. My main thought is that it remains almost unbelievable how such a great business opportunity was destroyed by the most pathetic marketing I have heard of in my life. It really is the most amazingly absurd and hopeless effort I can think of. My next main thought is that I am amazed that they managed to take me down with them. I am usually quite attuned to muck going on and indeed ranted about the problems years before they actually delivered their hopeless efforts. Why I didn't just accept that they were as hopeless as they appeared to me I will probably remain baffled about. I suppose I thought that even a simpleton could make it work and that they'd get it right when they realized their plans were not working. Q! will make a huge and vast profit from Globalstar. That's some consolation to me because it was Q! who put the brains and the good part into it - they deserve to be rewarded. Loral and Vodafone and the other service providers deserve to burn in hell [edit ... without ice-water of course]. I hope Q! offers them only $200,000 for their gateways and if they don't accept it, Q! tells them to use them for scrap metal. If Vodafone pulls out they're stupid. Globalstar [QUALCOMM] is going to come back at them and take 20 billion minutes a year from Vodafone and other terrestrial providers. Blackstone was a waste of time. The SI crowd could have come up with better plans in a week [or a day]. At 1000th the cost too, I expect. I suppose Q! will simply take over the existing company on condition that the bond holders accept some number of shares in lieu of debt. Otherwise, I expect Q! will say to them that they will buy the constellation for $10 million in a liquidation - the debt holders will have to accept that offer. It is all simply the most absurd shambles I will be involved with in my life.> Well, that's all the rant I can muster right now. Mqurice

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