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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To: Maurice Winn who wrote (26984)	5/8/2009 12:50:38 PM
From: pcstel	2 Recommendations Read Replies (1) of 29987

''The people in hell want ice water. It's not something people take notice of.''> Hopefully, no body takes notice of it when The Weazel™ starts looking for "Ice Water" in a few short years. "To be candid Bernie..... I don't really think your "quest" for Ice Water is a newsworthy item.... Now if you will sir, Back to the Blast Furnaces!!" Then of course there was the ever popular. "Iridium is nothing more than a "Threeleggedhorse". partners.nytimes.com and Globalstar LLC, the venture backed by Loral Space and Communications and led by Bernard Schwartz, who once called Iridium a "three-legged horse." And of course this beauty... I have spent much time today on Globalstar's progress, not because it is our most important activity - it is not, loral.com Maybe what Globalstar needed was a CEO whose "most important activity" EVERYDAY was Globalstar's progress? Which led to one of my Globalstar anthems. "Paying Horrible Management No Salary is still a bad investment." Here was a great one from the above Shareholder Meeting link... They have a presence in over 125 countries with territorial infrastructure in place: customer service organizations, billing systems, marketing and distribution networks and regulatory approvals -- all in place, which Globalstar is leveraging without the requirement for infrastructure investment and duplication. Globalstar's service provider partners' aggregate investment in Globalstar exceeds $1 billion. 1 BILLION DOLLARS??? Most of the Gateway infrastructure was "Vendor Financed". The majority of the phones were "vendor financed". Many of the IGO's came on board with "No money Down schemes". Some, like China were actually gifted stock options at less than half the going price to sign up. The Weazel™ better fill up a big cooler with ice water and carry it around with him. Because he's gonna need it when no one considers his requests as "news worthy". And so it goes, PCSTEL

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