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

To: Jon Koplik who wrote (10186)	2/19/2000 2:02:00 AM
From: MileHigh	Read Replies (2) \| Respond to of 29987

What I do not understand about McCaw's Iridium bid is this...Is he going to be able to buy this POS at such a low price that his overall cost per minute will rival GSTRF's?? That's what worries me. Gilders big argument is that G's total outlay was X and Iridium's was 7X. Well, if McCaw comes in and buys this POS at 1/7th of the cost form bankruptcy, then what? I know, it doesn't work, but there ain't no demand anyway! <gg> And we sure don't need more competition with no real demand! MileHigh