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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Scientist who wrote (6156)	7/27/1999 11:39:00 AM
From: SKIP PAUL	Read Replies (2) \| Respond to of 29987

That still puts the enterprise value at $6.6 billion and 4.7x sales assuming they reach 1 million customers using 4 billion minutes after the first year of operation. This stock is not cheap! especially considering that sales targets appear optimistic.

To: Rocket Scientist who wrote (6156)	7/28/1999 9:47:00 PM
From: John Stichnoth	Respond to of 29987

Skip Paul and RS--Rocket and I have gone back and forth on the shares outstanding a quarter or two ago. In addition to the 82 MM shares out, there are a number of warrants, conversions and options that could add to the shares, taking it over 100MM if I remember right. (Because of an oddity in SEC requirements these aren't part of "fully diluted" shares outst). In addition, GSTRF owns a convertible debenture in GLP, that will increase its ownership eventually. Third was the recent financing by LOR of GLP ($600 MM) that contained some ownership interest in GLP by LOR; how much wasn't disclosed but presumably will be in the next 10Q.