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

To: Jim Parkinson who wrote (17059)	9/20/2000 12:25:11 PM
From: Michaelth1	Respond to of 29987

Jim: I think that 35,000 is optimistic. That would mean about 8,000 per month after initial sales of 13,000 for the first half the year. I think that we are looking at something closer to 22,500 subs and correlating MOU of about 45 per month. I agree (as did BLS in the last conf. call) that G* financing would draw out a lot of buyers. Those who think that BLS saying financing is in the bag means nearly the same as actually having it in hand are fooling themselves. Subs don't want to get burned again like I. Btw, anyone know if G has made any progress migrating more I* subs (would anyone have believed that G* couldn't migrate nearly all of I* subs to its system? A huge blunder by G, imo). Fwiw, it's my understanding that Bear Stearns is very Democratic. P.S. - Jeff, it's not that easy to get rid of me! Even if I sell more (or all) of my G, I'm sticking around.

To: Jim Parkinson who wrote (17059)	9/20/2000 12:26:55 PM
From: Pierre	Read Replies (2) \| Respond to of 29987

Call any distributor except Verizon stores and ask them about the demand for data. They all claim that they have customers waiting for that before they will buy. Jim, I kind of line up with Maurice on this one. Too easy to explain non performance by complaining that "if only" then I could really sell them. How about the "if only" Caribbean were covered chorus we were hearing some time back? Any word on huge sales in response to that gateway going active? Maybe there have been and the info just isn't available to us, but I wonder. Regarding what's in pipeline, the CME dealer I spoke to says he keeps 5 on the shelf (I saw them, prominently displayed and with lots of literature available). If he sells 5 - 8 a week that's a one week reserve. Of course I have no idea how many the central warehouse keeps on hand, but at that price probably not many. It also occurs to me that many of the listed outlets are smaller commercial entities selling to niche market. I wouldn't expect them to keep a large stock on hand. Therefore, I would assume that the bulk of the phones produced are "out there" and should be earning minutes. How many minutes per phone is another matter all together. It will be nice to have another quarter's results in hand to begin getting a feel for phones produced / subscriber ratio. Any interim source for data on subscriber growth will help remove the need to speculate on MOUs. This waiting for end of quarter to get MOUs is maddening. I'm not trying to short change the significance of the data potential. I think it's an application never really considered in the original plan, at least not recognized for its potential at the time. That CME dealer was very excited about data capability, but he wasn't having any trouble selling phones as currently configured, and at full pop. As regards the financing issue, I don't see the negative. G* only puts the shares out when G* decides time is appropriate. Any news driven run in the stock creates an instant market given the huge short interest. If I'm reading Dwight's analysis correctly (thanks for taking me through that step by step, Dwight), any large retail investor can short today and cover tomorrow for a risk less pocketing of the discount, hence should temper any news driven run. That may remove some volatility which takes a little off the table for the traders among us, but certainly not a negative for long them G* prospects. There may be many good reasons to criticize Bernie Schwartz, but I don't think securing financing is one of them. I would like to add my voice to those who have expressed some concern at the disappearance of RS. Any one know what might have happened there? I note he hasn't posted SI since August 31 so maybe simply on vacation. At any rate, I too miss his regular reports and updates and add my thanks to the many already expressed. I hope he returns. Pierre