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


To: Selectric II who wrote (25841)1/31/2005 3:41:23 PM
From: Maurice Winn  Respond to of 29987
 
<Is anybody delving into it?>

I've delved. And I don't see a problem. I more than most have got good reason to feel financially mangled and there is the class action question on "we are on plan" still to be resolved. But I'm happy that the whole thing was blundering rather than malevolence. I could see it coming way back in 1998 when I realized they were heading for a high minute price strategy. I couldn't believe they wouldn't change when faced with harsh reality. But they didn't. And still haven't.

I wouldn't waste any effort in delving.

I don't think that even Vodafone was deliberately killing it [contrary to some theories]. They were more indifferent and damning it with faint praise, seeing Globalstar as just a high-priced adjunct to terrestrial service to enable claims of total coverage.

My delving is done.

Mqurice