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

To: Maurice Winn who wrote (9984)	2/8/2000 3:52:00 PM
From: Jon Koplik	Read Replies (1) \| Respond to of 29987

URL for today's launch updates : spaceflightnow.com Jon.

To: Maurice Winn who wrote (9984)	2/8/2000 3:56:00 PM
From: Jim Parkinson	Read Replies (1) \| Respond to of 29987

One thing is for sure, the service providers are driving the boat right now and not G. I suspect that the daily discussions which BS alluded to in the cc are fairly heated at times. It is kind of a two edged sword. One the of key elements of G was their selection and inclusion of the sp's. On the hand, the rollout is now up to them and they are not going to go all out until everything is working to their satisfaction. I was told that Airtouch still plans on the hard rollout occuring this quarter. There was media junket last week in NY getting things in place so it is imminent. China? Where is China? That is the one I want to hear from and soon.

To: Maurice Winn who wrote (9984)	2/8/2000 4:04:00 PM
From: David Wiggins	Read Replies (2) \| Respond to of 29987

Maurice, Re: <<I think it's fine to sell new shares at 'what the market will bear'. Provided it is honest and material information is not concealed and that no fraud is involved. If prices subsequently fall, that's bad luck for the new shareholders. >> Well guess what, the market did not 'bear' it for long, or does your '...market will bear' comment indicate you knew all along the market for Globalstar would {turn} bear at that point. Material was concealed, i.e. subscriber numbers (I don't believe that 'too flimsy bull**** for a second)Furthermore, even as a bull on this stock I feel that nothing Bernie says can be taken at face value. He is dishonest even though he does not directly lie. So we are left with 'no fraud'. That's a pretty low bar to get over. It is certainly not a 'win-win' situation. My point is simply this. If (probably when) Globalstar needs more money (for no particular reason of course) people will remember this. They will remember that the stock sank 20% (perhaps more) the week after the secondary. They will remember that they were told nothing material regarding demand and that just a few days after the secondary, the company revised year-end subscriber estimates DOWNWARD by 25% (600K to 450K which was already a revision downward). They will remember the company released no positive information to support the share price subsequent to the offering. When they think of this they will probably decide not to take part in any more such offerings. Anyone who does will definitely want a MUCH bigger discount than the previous ones. This is not good for the company at all. It is not 'fine'. On a higher level, I have no interest in dishonest companies that are great at ripping off investors. I would like to invest in a company that I can be proud of. One that produces something that improves the human condition and for this reason is in great demand and requires no dishonesty. In the end, the former type of company is bound to fail as much as the latter is bound to succeed. Today I am wondering what type of company I really invested in. It looks like I invested in a dishonest company that is great at ripping off investors and perhaps produces something that is unnecessary, full of shortcomings, and due to it's prohibitive cost is only useful to a limited number of relatively wealthy people. Regards, Dave

To: Maurice Winn who wrote (9984)	2/8/2000 6:33:00 PM
From: MileHigh	Read Replies (1) \| Respond to of 29987

I guess everyone is down on their luck today. I bought more around 31 or so. Agreed on exclusives, what incentive is their to Kick A@# and take names if you are the only one selling the product in a particular market!? Never understood these types of deals. We'll see what happens. I think Dr J might have to get pretty vocal about things as they have a pretty big vested interest in G. We'll see. I am going to ride it out for now.... MileHigh