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

To: Jeff Vayda who wrote (16180)	8/25/2000 12:25:16 PM
From: Jim Parkinson	Read Replies (1) \| Respond to of 29987

It certainly looks to me that the tide is finally starting to change. Semi-positive press, can you believe it? Lor worth 12/sh even with G* bk. I wonder what the penguins think it is worth if G* doesn't go bk? G* bk is a joke. I heard that Vod is pressing ahead on the NZ gw and accelerating the deployment of the west African gw. I guess they are not backing away. I spoke with a Verizon reg. sales mgr yesterday who IS selling the phones, IS very knowledgeable and who owns the stock and he also senses that momentum is building. He also believes that Vod is committed to G. The Iridium flameout will finally get that monkey off our backs. A GUSA exec said that he felt Iridium would be a non-issue by ye. September could be a fun month!

To: Jeff Vayda who wrote (16180)	8/25/2000 12:37:48 PM
From: Michaelth1	Read Replies (1) \| Respond to of 29987

Do you have a 'step from the sidelines' number in mind before the end of the year? Given the short situation, if one where to delay too long... That's a tough call. I pretty much still think that GSTRF will trade in the 6 - 12 range for the time being (as we approach the top of that range). Similar to you, I'm not a market timer. I will put additional funds back into G* when I see that the business has turned the corner, or better yet, is approaching the corner. G, however, is trickier than most since it has such an enormous short position. If those shorts start to cover (for any reason, not necessarily because the business has turned positive), then G could easily pop to 20+. I'm sticking to my guns that 3rd quarter numbers won't be that great, at least not good enough to start a sustained rally. Those numbers should come out in early October. Depending on how the rollout looks at that point, I'll consider allocating additional funds, regardless of the price. So, to answer your question, I'm most likely not purchasing any more G* prior to October UNLESS something material happens (government contract, fixed phone news, new partner, funding announced) prior to then. In October, we'll be able to see how Russia, China, Brazil, U.S., Caribbean and Canada are doing. Smaller/cheaper car kits, smaller/cheaper boat kits, new airplane kits and smaller phones should be available or at least coming in the foreseeable future. We should just about have data ready to roll out. Status of financing should be available. Fixed phones should be starting to rollout. European SPs should be between vacations <g>. Etc. OTOH, if G* were to dip down to 5-6 again, perhaps I'd try to time the market....