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

To: CMon who wrote (7023)	8/30/1999 7:30:00 PM
From: Ok2Launch	Read Replies (1) \| Respond to of 29987

BS on CNN . . . Schwartz appeared on CNN's Moneyline tonight, apparently to calm the waters. He said that there will be 130,000 phones available by year end, with production ramping up to 40 to 50K per month. When asked if G* can find users willing to pay $1.25-1.50 per minute, he replied that there are 3 billion people on Earth that do not have access to a phone, and that he is only looking for 7 million out of that 3 billion. He also pointed out that G's customers are the telco partners, not the end users, so G doesn't have to go out and ring doorbells themselves, a big difference from Iridium.

To: CMon who wrote (7023)	8/31/1999 3:01:00 PM
From: John Stichnoth	Read Replies (1) \| Respond to of 29987

I suppose I should have put a little smiley face in there somewhere, trying to ask a serious question in a lighthearted manner. I know there is a rule of thumb on discount and yield to maturity vs. risk of failure. I don't know what the rule is. I do think it is an interesting question to address. So, instead of "no", do you have an idea what loss probability it implies? The second part of my post was an aside. That of course is the point of all our work on this, and all the postings on this thread. Regards, JS