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

To: H. Bradley Toland, Jr. who wrote (16746)	9/14/2000 12:18:49 PM
From: Jeff Vayda	Read Replies (2) \| Respond to of 29987

H; have to agree with you there. There sure as some broken records on this thread. There sure some who just talk and talk and talk. There sure are some who need to bring out the good and the bad. There sure are two (or more!) points of view. But seriously folks, all input is worthy when presented in a constructive manner. (In case anyone needs a refresher, travel over to the wild wild Yahoo boards and remind yourself why you are here.) BLS has had another quarter to work his magic. Yes it is very tough, but the clock is ticking. Part of me thinks he likes the challenge of pulling rabbits out of his hat! G* needs MOUs. It does not need promises or battery orders or phones in the distribution channel. I would prefer a thousand vacation users to one corporate user - simply due to the historical uptrend in cellular usage once a person gets used to having the connectivity. But then that is just me. Bring on IFN, the UN, the DoD, the Red Cross, the White Knight, the international traveler, the Indian village and whom ever! Let's figure out who should stay and who should go after the system is maxed out. The debt bogeyman is out there. It does not matter if you think he is or not, there are enough others that believe he is out there to impact the stock negatively. Until BLS decides to shine a light on the MOUs the bogeyman will lurk in the shadows. Jeff Vayda

To: H. Bradley Toland, Jr. who wrote (16746)	9/14/2000 2:29:49 PM
From: Michaelth1	Read Replies (2) \| Respond to of 29987

Bradley: You caught me. I'm one of those textbook shorts who follows a stock and talks about it, seemingly favorably, but then constantly throws in unfounded negative comments. <g> I'm not short G* and never have been. I'm long, but not nearly as long as I used to be. Not that it really matters, but since you asked I guess it doesn't hurt to re-restate my position. The slow rollout plays against G* for many reasons; here's a few: 1. Cash is always better sooner rather than later. 2. G's debt time bomb still exists, notwithstanding BLS' statements that partner financing is basically in the bag. While I'm confident that G will get its partners to throw in another $350 million +/-, the fact remains that the sooner G* shows actual MOU the better the terms will be (since the debt will likely contain a conversion feature) and the less additional debt will be required. I may be sounding like a broken record, but that's simply because I've listened to BLS' broken-record promises for 4 years and I'm, justifiably so in my opinion, very jaded towards anything he says, particularly when it comes to timing. The last time I checked, G* didn't have a right to the Q's cash flow or cash on hand. In fact, IJ's been hesitant (publicly at least) to commit more funds to G* (although they are full steam ahead with many G* products). I think concerns are very warranted for G*. I also think that extraordinary upside also exists, if things fall into place.