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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 50.53+4.7%Nov 7 9:30 AM EST

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To: satman who wrote (26153)9/30/2018 10:12:35 PM
From: pcstel   of 29986
 
Interesting in retrospect.

Only one post by Satman in the history of SI.

Message #26153 from satman at 11/3/2006 6:01:52 AM

GSAT: This will be VERY Interesting. The S-1 Filing for Globalstar points out many of the risks associated with the offering. One thing it did not point out was the facts of the health of the current constellation. Has anyone tried the service? If not, go outside and see if it works. I question anyone who sunk their $$ in this yesterday to even know how healthy the product is. There is a very bumpy road ahead with the replacement of the constellation and waiting until 2010 will be a stretch at best. 2008 would be a stretch after Iridium and soon (Inmarsat handheld) take all the dissatisfied customers away from GSAT. I'm a long time user of handheld satphones and just traded in my Qualcomm Globalstar handset for an Iridium for purely one factor - reliability. If every Globasltar customer who took their phone out of the closet (since that's most of the users base, not oil & gas companies humping thousands of minutes) and tried to use it, there would be an onslaught of churn and defections. Needless to say, I'll sit back and watch the struggle. All I have to say for GSAT is "Can you hear me now?"

Robert White
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