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


To: KyrosL who wrote (17659)10/6/2000 8:41:20 AM
From: BobRealEstate  Respond to of 29987
 
If G* goes BK it will trade 3 to 4 bucks. The guy who likes the odds here is right, 20-30 upside by next year 3 to 4 times upside versus a 50% hit. Coupled with the seemingly endless financing sources available (now until Q3'01) this thing will work. It's a question of time. How long does everyone wait? I think, believe it or not, there already has been a sizable washout of investors in this stock who were betting that the financing that we got would rocket G* to the moon. The market has been awful, even for the bluest of blue chips. We've have been hit just as hard. There was a total failure on the part of IR to capitalize on the IFN demo. G* should have had its own release in conjunction with IFN's stating that the co. is expecting so many MOUs on a regular basis from IFN, how good it will be for the co., but nothing. In addition there has been the consistent media bashing on the deal. My broker said to me, "Why is it that every news article on this co. is an editorial on how the co. and the product won't work?". Whatever.

To an extent what has happened has been to highlight the vacuum of operational performance, which has become an even bigger bugaboo. MOUs are, unfortunately, a state secret at G* and they shouldn't be. I asked about everything when I get to IR and get pretty good answers, but MOUs are just not discussable, period. This omission, coupled with G*'s track record of being on target with anything, is glaring and scares most investors. That is why I wish they would move the date up for release.

What I also wish for is more clarity in general with regard to the operations of the co. Contracts for FAUs or service or whatever. Level up with investors. They already think the worst, so 'fess up and get to work. Quit the Spy vs. Spy mentality. The Cold War is over.