Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 62.89

-0.6%

Dec 26 9:30 AM EST

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To: Dragonfly who wrote (1359)	6/18/1998 1:08:00 PM
From: Rocket Scientist	Read Replies (2) of 29987

If it's Zenit fears that are driving the stock down, the timing is odd; the news of the delay in first G* launch is about two weeks old. It's impossible to know what the market's expectations are or will be with respect to impact of Zenit delays or failures, but I suggest the fundamental economics of G* are not that dependent on 100% Zenit success, or accomplishment of all five Zenit launches this year, because G* can operate and start generating revenue with much fewer than 48 birds: 32 according to Valueman, maybe as few as 24, based on the original prospectus. (see post 3708 and related notes on Loral thread)

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