Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 57.61

+14.0%

Nov 10 3:59 PM EST

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To: pcstel who wrote (27829)	5/24/2010 8:31:50 AM
From: Jeff Vayda	Read Replies (1) of 29987

pcstel: re "Open Range has remitted to us its initial down payment of $2 million. Open Range’s annual payments in the first six years of the agreement will range from approximately $0.6 million to up to $10.3 million, assuming it elects to use all of the licensed spectrum covered by the agreement. So the Open Range deal is worth between .6 million and 10.3 million per year for using ~11Mhz of very rural spectrum covering 6.2 million POP's. " What weighting factor do you add in for the fact that Open Range is owned by Thermal - which also owns G*? I guess, spending your own money is still more impressive than spending someone else's, but I think they should not trumpet the deal quite so loudly with out some disclosure.

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