SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 64.34+7.4%Nov 12 3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: CommSatMan who wrote (4074)4/23/1999 7:38:00 AM
From: Jeff Vayda  Read Replies (1) of 29987
 
CommSatMan:

Loral needs 600 mil to complete G*. They have stated they have any number of options and if need be Loral will pony up the bucks themselves.

Last year they sold stock, bought stock and peddled stock. (all very long and involved between the various G* companies) One nice detail you might have missed in your review of the thousands of posts was that when Loral bought some of the stock from G*'s current partners, it required half the money to go into an account to be used to buy phones and ground stations. That I took it as a very sound (and confident) business move.

The annual report has a broad overview of ground station completion times - I dont want to quote numbers from memory - but something like 50% of the planned coverage is at start up and the remainder is up by the end of the calendar year.

Bottom line is that Loral G* seem to have the business side of the equation down. They took it in the shorts with the launch schedule but have bounced back quite nicely. In a few months we will see how they handle the marketing. Wait a minute - that is one of the big strengths of G* - they dont have to do the marketing. The local service providers who know their customers the best, take care of that.

Buy now, Buy low and watch the profits grow.

Jeff Vayda
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News