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

To: Lucky L who wrote (302)	1/26/1998 3:15:00 AM
From: Maurice Winn	Respond to of 29987

11 days to go!~ My countdown skipped a day due to amazingly beautiful and warm weather, Piha calling with rolling smooth surf on an immaculate day during which Qualcomm made it to Prime Time news with cdmaOne at the Super Bowl If only as a name of a stadium with some tv advertising - but that was enough for me - and such a good ad. Days like today make it great to be alive. Sorry Lois, I don't know how to see it on tv other than that information I gave. Maybe somebody else will find out. Meanwhile, copied from Loral stream and thanks to Valueman: The fully diluted total number of Globalstar LP shares is 116 million, after conversion of all warrants and CPEOs. Loral owns a fully diluted total of 44 million LP shares, or 38%. Their ownerships consists of G* common shares, warrants, LP units, and G* conv. preferred CPEOs. The publicly traded G* consists of a fully diluted 42 million LP units, or 36% of total. QCOM owns 7% fully diluted, Vodaphone6.1%, and Airtouch, 5.2%. Now for the math. I am going to assume a fully diluted, post-Orion-acquisition total share count for Loral of 280 million. That gives us .1571 G* share per share of Loral. At today's price that equals $8.27 of G* per share of Loral. Using the fully diluted numbers saves redoing this later as shares and warrants are converted. This is a conservative way of looking at the future structure. The important number for this stream is Globalstar Telecommunications Limited = GSTRF owns 36% of Globalstar LP. So as a rough guide, GSTRF gets a third of what Globalstar makes - easy to remember that way. Maurice