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

To: Maurice Winn who wrote (16063)	8/22/2000 4:38:59 PM
From: Rocket Scientist	Read Replies (2) \| Respond to of 29987

"With 300 million Globalstar LP shares, that's $60 a share. That'll be about $20 [give or take a bit] for GSTRF shares. With a growth rate of 30% or 40%, a price to earnings ratio of about 50 would be conservative. That would make GSTRF $1000 a share. " Share and share alike.... The 300M assumes all G* LP PIs are converted to G* common; so everybody gets 60$/share! Or, if they're not converted, 90M or so GSTRF shares get 60$ each, and 50M PIs get 240$ per share. At least, that's the way I think it's supposed to work. Let's see... 90M GSTRF common at 60$/share=5.4B$ plus 50M PIs @ 240$/share=12B$ We're a lot richer than you thought!