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

To: David Wiggins who wrote (6854)	8/26/1999 2:29:00 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 29987

Ignorance is bliss? Silly cute little us with our little minds? The only reason we have ignorance is that Globalstar denies information. Who do you think owns this thing? It's us! It's OUR system, not management's to keep us in the dark then announce absurd price plans and no handsets being ordered until maybe next year sometime maybe. The share price should be way up by now and unless they successfully launch a red-hot system, the cost of capital and amount of dilution to us shareholders is going to get messy. We want huge profits, not huge cost of capital when the sales are slow and we need a bit more money to keep things ticking over. The Iridium model being adopted of high minute prices, high handset prices, minimal minute and handset sales and an unprofitable mess with few customers is not the best way to go. Maurice [Anyone still reading?]

To: David Wiggins who wrote (6854)	8/26/1999 11:53:00 AM
From: Jim Parkinson	Read Replies (1) \| Respond to of 29987

Here's a post from an early bull on aol who has been a bear for the past year. "Get ready for GSTRF's final 30+ day. looking for 10 bucks in 6-8 months on GSTRF and not much higher for LOR in the same time period. Taking my IRID put winnings and buying those GSTRF Puts. Good luck to all, but don't bet the farm on an industry that could not support IRID and a company whose bonds have junk yields written all over it... If there was really a need for this stuff, then IRID would not be where it is today. Don't be blinded and think GSTRF's system puts IRID's to shame, because it does not. its the same junk, just a better name tag, and better bullet points, but the space junk isn't worth its weight in rubbles :) Smolky"

To: David Wiggins who wrote (6854)	8/26/1999 12:34:00 PM
From: John Stichnoth	Read Replies (1) \| Respond to of 29987

In the face of Maurice's very busy day, I'd like to support the "don't worry" element (although of course there is cause for worry--it just shouldn't be controlling). Anyone investing in this stock is looking out to a future at least a year away for positive cash flow projections. We have a long term outlook. In fact, I'd suggest that our outlook should be longer than a year. It should be 5 years--the time to get to the second generation of sats and handsets/base terminals. Yes we can make nice money if we have a splashy launch that creates a hot product and quickly becomes a desired service. But, doing anything that increases the risk of failure jeopardizes the ultimate goal--i.e., to begin to generate sufficient cash to fund a second generation of sats. Trying to launch in the face of all the current reports of irid's demise would appear to be bad from a marketing standpoint. Can you imagine a telecomm vice president at a timber company going into his company's boardroom to get authorization to order 1,000 G* handsets right now? The only board member who knows anything about the product will go, "Satellite phone? forget it! They won't be around in a year!" Great start to the VP's presentation! Answer by the board. "Wait 6 months." Therefore, it is absolutely appropriate to allow slippage to the right, to make sure the gateways you want to be up are up, and to get a few extra handsets available. And, along the way, maybe to make a couple of high profile sales. For those familiar with The Gorilla Game, we are entering the Chasm. The Technology Enthusiasts have already bought--Iridium--and have been burned. The key is to find enough corporate Visionaries to move to the Bowling Alley, and create the Tornado. (And how's that for a bunch of defined terms in one sentence!) I am not disagreeing with the disappointment expressed that the gateways weren't finished, or that more handsets aren't ready. I am saying that, given the situation, it is correct to let the rollout slide. (If that means some dilution in 6 months, as further financing is needed, so be it, if it protects the company's position as a going concern). The money to be made servicing data needs makes the voice portion of any communication service chump change. The goal is to get to the point where G* can participate in the data transmission business meaningfully. Any action by management that reduces short term risk, so that we can get to the long term still in business, is the proper action. Best, JS