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

To: djane who wrote (6738)	8/22/1999 1:38:00 AM
From: djane	Read Replies (1) \| Respond to of 29987

G* $200B market cap potential (via G* yahoo thread) Top>Business & Finance>Investments>Sectors>Services>Communications Services>GSTRF (Globalstar Telecommun.) So would you buy EBAY over GSTRF??? by: manguy1 10380 of 10380 One correction. About 270 million shares fully diluted over life Think about it folks. There are trash companies trading at higher multiples with less potential than GSTRF. I mean, is ATHM, EBAY, AMZN, CMGI, and a whole slew of internet trash worth more than GSTRF. Look at Redback Communications or Juniper Networks. Heck ,look at the DSL providers. Then look at Metromedia Fiberoptic Network, and ON and ON. This company, FULLY diluted is worth merely $8 billion. I ask you then my friends who are long, will you buy Globalstar who will serve the entire planet in voice data and video or some piece of s%it that sells books online? The choice is VERY easy for me... Posted: 8/22/1999 12:12 am EDT as a reply to: Msg 10379 by manguy1 ___________________________ ~250 million max dilution now. Read... by: manguy1 10379 of 10380 Straight from latest S-3. Stock could easily become several hundred $billion market cap company, so don't sweat it. HOLDERS OF COMMON STOCK MAY BE DILUTED BY FUTURE STOCK ISSUANCES. At June 30, 1999, 82,026,576 shares of GTL's common stock were outstanding. In addition, at that date: - Globalstar partners had the right, exercisable over many years, to exchange their partnership interests for about 151,750,000 shares of common stock; - holders of outstanding warrants had the right to exercise them for 4,069,325 shares of common stock; - GTL has outstanding 6,999,900 shares of 8% Convertible Redeemable Preferred Stock, due 2011, convertible into 15,049,470 whole shares of common stock; - Globalstar employees had unexercised options to buy 2,731,500 shares of common stock; and - under GTL's stock option plan, GTL may in the future grant employee options to purchase as many as 2,230,300 shares of common stock. Posted: 8/22/1999 12:05 am EDT as a reply to: Msg 10344 by AR2BW