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

To: David Wiggins who wrote (8530)	12/3/1999 11:19:00 AM
From: Lance Bredvold	Read Replies (2) \| Respond to of 29986

My conclusion is that Globalstar did not have a lot of very good subscriber numbers to show to new investors. Those terms look quite attractive (9% return plus option to buy shares at very small premium to G* price at the time of negotiation for 11 years) if one is assuming a very successful launch. Though a bit discouraging and reflected in the stock price, I still expect an ultimate success of the system. For one thing, none of the planned competitors seem to have a significant advantage in the design or price of their systems. I am falling back to the discussion last year of basic cost per minute being under $.20 if discounting must be widely used. Wish I had more faith in Globalstar as a creative and flexible marketing organization. Lance