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

To: Jeff Vayda who wrote (8233)	11/8/1999 11:53:00 AM
From: Rocket Scientist	Read Replies (1) \| Respond to of 29987

I wonder where Phillips came up with the SG&A figure of $350M/yr. IMO,it's too high by a factor of nearly two, unless they're counting development/investment costs, e.g. new spacecraft and investments in Russia or other countries. In the May 99 presentation, G* said it would meet operating expenses with 220K subs, at the usual average 0.47/mou, 150mou/month/sub, that's 186M$/year (2200.4715012) As for sources of cash, the article doesn't consider cash flow from the resale of GWs and UTs presently on G balance sheet. And I assume Lor will exercise it's warrants, at least if the G* stock price justifies it.