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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 60.88+1.7%3:59 PM EST

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To: Snake who wrote (1547)7/28/1998 1:05:00 AM
From: Maurice Winn  Read Replies (1) of 29987
 
Snake, I'm not outside the company. I AM the company. I'm called a shareholder. Bernie keeps me informed via the Web site and reports as well as news releases. Readware, and others sprinkle a lot of information around the place too.

If we shareholders are being kept in the dark, we won't be too happy. My experience has been that insiders are not necessarily the best people to know what is best for the system. My experience is that good ideas arrive from many different people.

Yes, it will be a real system. But the theoretical capacity will not be reached in reality. That is what matters. Readware quotes capacity figures, but those figures are irrelevant without a system design, marketing and service provider contractual situation to enable maximized use of the system. My guess is the first constellation will never operate at more than half 'capacity'.

'Trust me' is not much of an argument. Readware's analysis is to give the fingers to people who he thinks can't know. No reasoning either. Since you demonstrated zero information or reasoning, you are not trusted, you are considered unreliable. Those who ask for trust are too often the last to be trusted. Those who are open, informative and explanatory, using facts and reasoning are convincing and trustworthy.

I do find it interesting that people inside the company think that they have all the answers. That seems to be a characteristic of most companies which fail. And why competitive capitalist systems beat monopolistic socialist systems. Competition kills off those who need only look within the company.

Why should I trust you?

Here is one suggestion. Lay out in detail the calculations, or at least the parameters, variables, circuit numbers, etc which go into calculating the capacity. So that we can see just precisely how the final umpty billion billable minutes capacity is worked out. Dragonfly for one will be keenly awaiting the calculations to do some cross-checking.

Maurice
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