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

To: Jim Parkinson who wrote (19308)	11/16/2000 1:18:06 PM
From: Michaelth1	Read Replies (1) \| Respond to of 29987

Jim: Here's to hoping that you get another $50 commission.

To: Jim Parkinson who wrote (19308)	11/16/2000 1:19:56 PM
From: Pierre	Read Replies (1) \| Respond to of 29987

... He thought I would be able to convince him of G's viability so he and his six ptrs who own a ranch in Idaho's wilderness so he and his six ptrs who own a ranch in Idaho's wilderness will feel good about buying phones. I did my best and am putting them in touch with a gusa rep. So what did you tell them about G's viability? Knowing the penchant for "self help" remedies favored in your part of the country, I trust you were somewhat circumspect. <vbg> I'm convinced you're G's # 1 unpaid marketer. Thanks for carrying lots of water for G - with few thanks from GUSA I'm sure. Pierre

To: Jim Parkinson who wrote (19308)	11/17/2000 4:20:59 PM
From: Maurice Winn	Respond to of 29987

<He thought I would be able to convince him of G*'s viability so he and his six ptrs who own a ranch in Idaho's wilderness will feel good about buying phones. I did my best and am putting them in touch with a gusa rep. > Convincing people that continuous service will be available from this constellation until 2010 should be a piece of cake. They are buying the phone, not the shares. People selling the phones should totally understand the difference. So should shareholders for that matter. If Globalstar goes bust, it will be bought at some price by somebody who can make it work. Minute prices would probably drop and I suspect dramatically. So a prospective customer need have absolutely no concern about service being interrupted. Any new owner would very much want existing customers to continue happily using their phones. But, it might not be the existing shareholders who are selling the service. Giving the phones away in exchange for a 3 year contract shows the buyer that they have no risk. They pay nothing up front and if the contract went bust, they would sign up with the new owner and keep right on using the service. They could either return the phone or accept the new contract they are offered. I suspect that most people who are in the market for a Globalstar phone would be capable of understanding that the system is different from the company and that one can go bust without the other going bust. Sometimes a system can go bust and the company continue after shutting down the unprofitable system. Sometimes a company can go bust, but the system can keep right on operating once the debt is cleared out. That's the bankruptcy process. That's what might happen [I doubt it] to Globalstar. Everyone can sell phones with complete confidence that they are not selling a lemon, or ripping off a naive subscriber, especially if the phone is sold at a very cheap price with the cost of the phone recovered in minutes used over a couple of years. It is important that sales people understand that difference. It is equally important that shareholders of GSTRF understand that they can lose all their money and the system will keep right on rolling through to 2010 and beyond. There are three distinct entities: Globalstar LP is not the same entity as Globalstar Telecommunications Limited or the assets [constellation, satellite operating control centre and gateway operating control centre and any gateways owned and any phones owned]. There is zero doubt about the continuing operation of the system. There is grave doubt about the continuing operation of Globalstar LP [and therefore GSTRF] as shown by the share price and bond prices of GSRF. The system is great, it works extremely well and will continue to improve as the decade wears on. Phone buyers are interested in the system operating continuously until 2010, but the two companies are irrelevant to them. They don't deal with them at all. They deal solely with the service providers such as Verizon, Vodafone, China Telecom, etc... Sorry to labour the point, but I suspect many don't understand the difference. Mqurice