Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 60.01

+0.4%

Jan 9 3:59 PM EST

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To: Maurice Winn who wrote (27697)	3/23/2010 10:07:06 PM
From: pcstel	Read Replies (1) of 29987

I was doing some calculating the other day Maurice. If I remember, you finally threw in the towel around $7 a share. When you did that. There were about 83.6 million shares outstanding. As of the 10-K.. There are now 275.K shares outstanding. With the Axonn shares ... We will call it 290K shares outstanding. That means that if you bought back the same ownership percentage that you had when you sold at $7, you would have to buy ~3.2 times as many shares as you originally owned. Which at $1.35 a share. That would provide an effective comparable price of $4.44 a share. So you are still ahead of the game by a couple of bucks. PCSTEL

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