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

To: Rocket Scientist who wrote (10973)	3/19/2000 12:30:00 PM
From: tero kuittinen	Respond to of 29987

I don't think the December call issue is wiped out by later revisions. On the contrary - it appears as though the secondary offering took place when the 200 000 unit projection was still in place. Almost immediately after new shares were sold at 35 dollars, the 1Q projection was lowered by 60%. The timing couldn't be much worse. I'd give Ericsson handset division one Bud and some pretzels... but the infrastructure unit clearly packs a full set of brewskis. Tero