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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 48.86-3.1%12:27 PM EST

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From: Jeff Vayda9/8/2022 10:28:33 AM
2 Recommendations

Recommended By
Jon Koplik
Lance Bredvold

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Sooo let me get this straight.....Apple will initiate a 'Spot' feature on the iphone and use G*'s constellation. Apple will fund an additional 10 gateways. G* will 'dedicate' 85% of the network capacity to Apple, the remaining 15% will be for G*'s use. This is projected to increase revenue from $124 mil in 2021 to $200 mil (midpoint) in 2023. Not bad for $1.8 bill invested in 1998. Wow never ceases to amaze me....at least it no longer costs me any money. (Wonder how a phone call between IJ and Bernie would go today?)
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