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

To: pcstel who wrote (27729)	3/28/2010 2:15:09 PM
From: Maurice Winn	1 Recommendation Read Replies (1) \| Respond to of 29986

That's why I was panicking in 1997, 1998, 1999 when all sorts of crazy people were planning on launching constellations. It was obvious to me that there was NOT room for everyone. <Parke said that he was forced to tear through 60 acres, nearly half of his crop, to save his farm. He said that prices have dropped so much that it seems cheaper to let the fruit spoil than ship it to market. Strawberry farmers can usually sell a flat of strawberries, about 12 pounds, for $12 this time of year. Today, there's so much fruit for the picking, a flat sells for as little as $3. > For a while, I actually thought Iridium might not go ahead and launch and I was pleased to see the various competitors give it away. Teledesic, ICO etc... People for some strange reason claimed that Iridium and Globalstar were going for different customers. Yes, Iridium was planning on covering everywhere and Globalstar would be just the land masses initially, but the great majority of Iridium customers would otherwise be Globalstar customers. With Tomato planting or Globalstar launching, the judgment about what the bids will be at auction has to be made preferably BEFORE even buying the land on which to build a glasshouse, then each season, guess how much to plant to ensure profitability. The price of the product at auction is not determined by the costs of buying land, building a glass house, planting and tending a crop, harvesting it, taking it to market and selling it. The price is how much buyers will pay. Globalstar made the big mistake of thinking their tomato crop was automatically worth a lot just because it cost a lot to produce. Until demand built up, the fact was they should have given the Globalstar minutes away to get people onto the system, finding out how good it was, how useful, and what it was worth to them [of course they'd have to charge the termination component of calls to Kazakstan or wherever]. Globalstar still would have made money from selling devices. Then, when demand had built up, prices could be raised until supply and demand balanced, as they do in tomato growing. Strawberry farmers should have a website where they can report by photographing their plantings so that others can see whether they think it worth also planting. What probably happens is that strawberry prices are high one year, so a bunch of tomato growers decide to plant strawberries next year, only to end up with a glut making even picking the crop uneconomic. Mqurice