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To: TobagoJack who wrote (64575)	6/3/2005 10:24:17 PM
From: Maurice Winn	Respond to of 74559

Jay, <The management works for themselves, not for you, which means they get the profit and you get the cost,a balanced trade with an elegance all its own.> I expect the management does work for themselves, but they need to keep their customers paying and non-management shareholders happy enough that they don't fire the managers. The dividends have been delicious, totaling 50.5c a share [split-adjusted] so far. While the current price is $37, my initial purchase price was, umm, let's see, about $1 a share. With dividends at 36c a share per year, which has been increasing, that's better than a poke in the eye with a burnt stick. It is a lot better than what I would have enjoyed holding US$ 30 year bonds. <I may be able to show you a competing convolution that will earn me dividends, gushing, and profit, onslaughting, via the same cyber space.> Another year and I'll have my initial investment back [except that I did sell double whopping tranches some time ago to fund various circumstances, so have extracted much more than our original investment already]. Plus, I still have triple whopping tranches with a current value of $37, which is also better than a poke in the eye with a burnt stick, which would be less painful than the whopping tranche sacrificed in philanthropic investing in an effort to build the Globalstar system. Being a philanthropic investment, Globalstar wasn't all pain, but it was quite annoying. Mqurice