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

To: Maurice Winn who wrote (13623)	6/17/2000 9:13:00 AM
From: Investartist	Read Replies (1) \| Respond to of 29987

LORAL BUYOUT I am really beginning to think that Loral may be a target for a buyout. The psychological weakness at this time makes it a prime candidate for price manipulation. Remember, it is the second largest satellite manufacturer in the country with many valuable assets including 40% of Globalstar. Bernard Schwartz flatly denied that Globalstar could be a buyout candidate but could not say that about Loral when I attended the shareholder's meeting. Consider that Craig McCaw badly wants a Global telephone system. Can't buy Globalstar but you can buy Loral. Read the following posts from the Loral thread on Yahoo in the last week: gang by: ts912 6/6/00 2:48 pm Msg: 36281 of 37552 Broker I deal with at Prudential called the floor and was told it was Pershing and it was a short sale. It has been Pershing for the last several weeks with large blocks for sale. We have checked just about every day. They wait for a down tick and then will lower their short sale block. That's what happened just a few minutes ago. When the stock traded at 7 11/16 they lowered their stock for sale to 7 3/4 -- 130 k for sale. If it goes to 5/8, look for the block to come down to 11/16. They have been doing this some time. investartist by: ts912 6/6/00 4:59 pm Msg: 36302 of 37555 The strategy is quite simple. As a short you are trying to keep the price going down. What they do is show substantial size on the ask side. In this case it has been 50k to 200k shares for sale. When a stock is out of favor like this, the size on the bid is not usually very large. Seeing a large seller prompts a real seller to take out the bid. When the stock trades lower, the short drops his ask price 1/16 or 1/8 to just above the last trade which was lower. Done consistently in a weak stock, it will keep strong pressure on the sell side and contribute to the decline. Pershing has been shorting in this manner for at least several weeks. There probably has been some covering also, but I would expect that short interest is still increasing. I agree with you that it seems awful risky to be shorting this stock at this level, but it is happening. I expect that they believe the numbers for G* will be bad, and this will take LOR lower and they can cover then. We'll wait and see. A lot of support for LOR in this price area. Hope it holds. -------------------------------------------------------------------------------- Posted as a reply to: Msg 36297 by investartist Go to Msg #: < Previous Notice how large blocks of stock have been bought on a regular basis as the stock went lower. Also LMT has a big block of stock that could be negotiated by a buyer at say $20 per share. A large broker like Prudential could dump a lot of shares at the open like happened this Friday and the price drops. Then they buy them back and more shares at a lower price having lost virtually nothing and gained more shares. A buyout of Loral would gain not only many valuable assets but 40% of Globalstar at the same time. Comments? Investartist

To: Maurice Winn who wrote (13623)	6/17/2000 9:24:00 AM
From: Ed Hodder	Respond to of 29987

..."this phone works all over the USA, Canada and Mexico if you can see most of the sky coz it connects to a low orbit satellite, so NO voice delay"! So why should I have to spend $1.69 a minute to call my wife from the grocery store (and have to go outside to do it) to see what color kidney beans I'm suppose to be buying? "Well, you don't have to, that's the beauty! In areas where you currently have cellular coverage, the G* phone works as a cellular phone. . .automatically! So you are billed at the lower cellular rate." Oh, I see. So the G* phone can give me extra coverage where cellular won't and the warm fuzzy feeling of knowing I'm safe virtually anywhere? Wow, that's worth a little extra. I won't be using the satellite coverage all that much (just what I though when I originally got the cell phone) so paying extra doesn't seem so bad. How much is the phone? "$1,199 including battery!" Acck, choke, gleep blllrurrp. "Ok, I know a place where you can get one for the low price of $899, even though when you try to buy it online it comes up as $999, but don't worry." Acck, choke, gleep blllrurrp. I think I'll wait 6 months for the price to cut in half like it always does with electronics. ------- You could drop the price to .40 a minute and it still wouldn't get me to pay a grand for that phone. The system is currently for business users and very serious early adopters. The kind of people who are willing to drop that money on a frickin' phone aren't going to blink at the current usage rates. There's just not a chance of getting Joe consumer, even a somewhat-ahead-of-the-curve Joe consumer, on board until the system is more mature and the hardware manufacturers have made back their design costs and can drop the price on equipment. Survival at this point really comes down to financing. Who knows what the current players would want before infusing more operating capital in the thing. But having the CFO of QCOM say he doesn't see G* going bust is a good sign. If financing isn't a problem then there's no real hurry. The plan for now would be to sell to business, government (sounds those Mexican village phones are still online, not much press on that, though) and early adopters and let them validate the system. Adjust pricing to sell the phones at something close to production rate. Before too long pricing across the board will come down for the rest of us and you can sell your billions and billions of MOUs. Market pessimism and investor hysteria are G's worst enemies for the moment. The system is up, working well, and expanding. They've got a good plan in place and are sticking to it. Is it that 'lock and load' mentality? I don't think so. I haven't heard a better plan on this board so what are they suppose to switch to? You're only going to get a relatively sophisticated user at this point (for plans like Mexico I'd consider the government the user). Regardless of Maurice's simplification most people aren't ready for this. Tell you what, if G SLASHED pricing across the board next week I'd run for the hills. That would be the best indication of trouble in Satellite City you could find. Ed