Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 62.88

-0.5%

Nov 14 9:30 AM EST

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From: pcstel	5/1/2009 9:09:01 PM
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Maurice: Speaking of your previous Tonka Truck experiences. Here is a great old article. Since the explosion at Baikonur, Globalstar's stock is up almost 200%, near its all-time high. Over the same 12 months, investment bankers have poured billions of dollars more into the project, even after Iridium's problems had become well known and the rest of the market for satellite financing had dried up. That's a rather clear profession of faith, and it's a profession of faith not only in Globalstar but also in Bernard Schwartz. "The first rule if you're going to do a project where you have to invest a lot before you get a dollar of revenue is that you have to have someone in whom the investor community has immense confidence," says Ginn. "And Bernard came out of Central Casting for that role." money.cnn.com The Weazel™ couldn't arrange financing for a glass of water for a dehydrated millionaire these days. His legacy will always be shown as one of the worst CEO's in the history of business. And so it goes, PCSTEL

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