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

To: Dennis Roth who wrote (26113)10/6/2006 4:16:23 PM
From: Maurice Winn  Read Replies (1) | Respond to of 29986
 
9% of the company [after the offering] for $110 million.

That values it right now at $1.2 billion. Which just happens to be the cost of the constellation replacement.

Annual revenue of $140 million sec.gov
is a bit thin on the ground for funding a $1.2bn constellation which will last about a decade.

Mqurice


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