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: Gregg Powers who wrote (15919)	8/18/2000 9:45:27 AM
From: BobRealEstate	Respond to of 29987

Thank you, Mr. Powers (EOM).

To: Gregg Powers who wrote (15919)	8/18/2000 9:47:53 AM
From: SBD	Respond to of 29987

Greg, As they said in the hunt for red October "this ones gonna be close". BS has consistently maintained that G star does not have the capacity to satisfy the eventual demand down the road,the folks at gusa have suggested that this is a potential problem as well. Assuming your right longer term whats g look like to you in 2 to 5 years? thanks

To: Gregg Powers who wrote (15919)	8/18/2000 12:48:26 PM
From: SKIP PAUL	Read Replies (1) \| Respond to of 29987

Gregg, In all your posts on this subject conspicuously absent is the issue of dilution to GSTRF shareholders. Would be interested in your views on that issue. TIA Skip

To: Gregg Powers who wrote (15919)	8/20/2000 12:19:02 AM
From: Valueman	Respond to of 29987

Boy, I missed a few days and the place is hopping! Gregg: I know how personally you take the losses that, to date, have accrued to your clients. I too would much rather lose my own money than that of those to whom I have a fiduciary responsibility. But, as I have told you before, I believe angst, frustration and disappointment have colored your thinking. It's an odd thing, but the majority of my clients made money on Loral. We never had any meaningful G* position. We own neither G* or LOR at this time. I am more frustrated with the waste of so many great business opportunities by a management more suited to the defense world than the "real" world. Despite the emotional context, the history is quite irrelevant. Whether, in your mind, Bernard overpromised and underdelivered, is irrelevant. The question is not about "what was" or what was "supposed to happened" but neatly distills down to "what is." Therein lies my rub. It is not getting any better in the present. In the last LOR conference call, in response to a direct question of "will Loral Cyberstar need additional cash?", Schwartz answered "Absolutely not." Now, you may not know LOR well, but the ~$1 billion in debt of Loral Cyberstar(formerly Orion) is non-recourse to Loral. Thus, they file separately with the SEC. Stroll through their latest 10-Q and see if Schwartz is telling the truth. Either he is not telling the truth, or he doesn't know. Both are poor indications. That is "what is"! The pattern is the same with G*. Does anyone recall the statement of "The Zenit disaster will cost us 3 months and an extra $100 million"? Why do statements like that just slide by? Why is Bernard Schwartz never held accountable for untruths? Is that board old or dead? Why must The IR woman answer 50% of the conference call questions? As you can tell, I have some problems with management. Thus, I choose to watch from afar.