Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Pierre who wrote (12186)	5/5/2000 11:05:00 PM
From: TMann	Respond to of 29986

Well, well, well, You know it's getting bleak when dedicated, informed, and optimistically hopeful shareholders on this thread head for the exits. We all have a great deal to be disappointed with in regards to the rollout and marketing of this service. Service providers seem marginally committed and complacent, response to bonehead obvious problems like overpricing, oversized handsets and car kits, and lack of marketing has been slow, and Bernie has lost all credibility with investors. Its amazing that Bernie is still so optimistic; how can a reasonable person not see and admit that additional funding will be necessary? (obviously he's not reasonable on this issue). I salute mgmt on their delivery of an extraordinary feat:a worldwide cellular system, and their vision of a highly potentially profitable business. Perhaps the naysayers are right, the debt load and time it takes to build a market will erase profits for equity holders under the current structure. What to do now? Its still too early to predict demise, but we're fools if we don't think it could happen. Seems reasonable to stay invested with what you're willing to lose and cash out what you are not. If the ship is going to sink we won't be able to salvage anything meaningful unless you buy puts. I'm still hopeful but recognize we need some miracles. Good luck to all and looking forward to some reports from the shareholders meeting.