Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 64.34

+7.4%

3:59 PM EST

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To: A.J. Mullen who wrote (25270)	10/9/2002 8:42:41 PM
From: Maurice Winn	Read Replies (1) of 29987

Ashley, I think the service will continue, but ownership of the assets will change hands because the creditors now own it [once bankruptcy proceedings are finally and belatedly completed]. It is simply amazing to me that years have gone by with bloody-mindedness obviously stopping restructuring and getting back into gear. The assets are depreciating rapidly at $$hundreds of millions per year, while the opportunity cost is $1 billion per year for this constellation alone [10 billion minutes x 20c per minute when fully loaded and 10c a minute to load it up]. I think the handsets are robust enough. I've never heard anything to say they are too fragile for normal use, though PCSTEL thought they needed to be DeWalted [= made tough and yellow]. dewalt.com Carting a phone with a flat battery for a couple of weeks wouldn't be fun. Battery life isn't good for out in the bush. Maybe such things as portable methanol-powered rechargers exist? I doubt it. With restructuring, I suppose there'll be more sensibly priced plans, though I think current management is wedded to the high-priced minimal use idea. I don't think prices will go up. Mqurice

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