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

To: Maurice Winn who wrote (9980)	2/8/2000 2:54:00 PM
From: David Wiggins	Respond to of 29987

Maurice, how'd you like to buy 8 million shares at $35? You gotta admit, at this point that looks like a pretty amazing ripoff. I know there are some that would say that,that displays great abilities at financing by Bernie, but I disagree. What would be great is if right now people were cursing themselves for not getting into the secondary because they fear they will never have an opportunity to get in so cheaply again. Yes, he made some money, but the cost in hard feelings is a large long-term debt. I can only think of one possible good explanation for this, and this is to 'lay low' until Iridium is dead to hope to quash any relief they could get from those who believe there is any market at all for this mss stuff. Regards, Dave

To: Maurice Winn who wrote (9980)	2/8/2000 3:05:00 PM
From: Rocket Scientist	Read Replies (1) \| Respond to of 29987

Maurice, BLS is quoted in this week's Space News as saying G* "is unlikely to lower the wholesale per-minute price it charges resellers of the satellite telephone company's services." Article goes on to note the $0.47/minute average wholesale rate. In yesterday's cc, mgmt said that per minute retail rates in China, Venezuela and Brazil were being set below 1$/minute (though the G*doBrasil website still indicates well above 2$/minute, dammit.)