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

To: dwight martin who wrote (17786)	10/8/2000 12:44:12 PM
From: Rocket Scientist	Read Replies (2) \| Respond to of 29987

Re: royalties, I believe mgmt has advised that all the royalties accrued to date were for handsets at 10$ a pop. Gateway royalties were supposed to "roll in" in Q3 according to Tony Navarra. But at 400K$ per GW I'd expect to see no more than 8M$ in Q3 for up to about 20GWs....maybe less than that. There seems to be a long lag between a GW entering "commercial service" and G* getting its royalty, since as of June 30 no GW royalties had been recorded.