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

To: Maurice Winn who wrote (17371)	9/26/2000 2:01:52 AM
From: pcstel	Read Replies (1) \| Respond to of 29987

Maurice, The original agreements would have been an 'assume the risk' type deal. The service providers were presumably more doubtful of the scheme and needed some deals to get them to act as service providers. Interesting statement!! I think you've finally got it!! I find it ironic that everyone stated that Globalstar could not fail because "How could all these large International Corporations that are standing behind Globalstar be wrong". Only to find out that maybe they were "more doubtful of the scheme", than GLP management lead everyone to believe? This has been one of my contentions all along! First the SP's want the Gateways VF'd. (No commitment there!) Then they want the UT's VF'd (Ditto) Then they want a $1.00 out of a $1.47 per MOU.(After all.. It's only fair!) Then they want an additional 20% discount off the wholesale rate, which of course GLP agrees to! (Just because the SP's have done so much as a "champion of the cause". Then they want GLP to provide 20 million in Co-op marketing dollars to help them out!! And after all of this.. The Service Provider wants "exclusivity in their region"!! The theme of the G* SP's is "Globalstar.. What have you done for me today??" This is one reason that I get so "outraged" at everyone's statement's about.. "Yeap!! The Service Provider's are standing behind Globalstar." Is that the only reason they are standing behind it is because they have little or nothing invested in the "scheme" as you call it! It's all been delivered to them on a silver platter, and they still act like it is some sort of "un-wanted step child" to some degree! This is a fine piece of QCOM technology that has been mismanaged by BLS. BLS's job was to: 1.) Design and build the space segment 2.) Negociate/Arrange financing through operational break-even. 3.) Construct and manage a International Consortium of Service Providers to purchase Infrastructure Equipment (GW's and UT's) and assure "brand building" and marketing that will bring the system to profitability in short order! He completed step 1 as required! However, Steps 2 and 3 have been mismanaged to the point that GSTRF and LOR stock is where it is today! He should have realized that additional funding would be necessary last year, and negotiated it back then when it would have been "more favorable" to acquire. And he should have been out pounding the pavement looking for other local Service Providers to generate a little competition for retail pricing in every market. This "exclusivity business" is udder non-sense.. GLP Vendor Finances everything and the SP get's "exclusivity".. I say "Screw Em".. Either start paying CA$H to maintain your "exclusivity", or lose it" Just imagine if BLS was in charge of QLT at QCOM. Everyone would be using QCOM patents, but no one would be paying royalties. All the ASIC's would be vendor financed. BLS had promised a comprehensive funding package 200-300 million from the Service Providers to show their support. Out of the 56 million. Maybe 30 million actually came from Service Providers.. As VOD pays billions for 3G spectrum, 10 million for G* is nothing but a BONE!! /rant PCSTEL