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

To: marginmike who wrote (11288)	3/27/2000 10:46:00 AM
From: CMon	Respond to of 29987

<< but think 13 bucks is around the price of implosion of satellites. I think GSTRF is a good business model that will take longer to develop then most understand.>> What? 1) If, by that first statement, you mean that $13 prices in worst case scenarios, you clearly haven't lloked at the total capital strucutre here. 2) On the other hand, without intending to, you make the whole point in that second statement. Longer development time means more capital needs. Capital that may or may not be availbale, and if it is: it won't be raised in a manner that doesn't penmalize the existing shareholders.