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

To: pcstel who wrote (29749)	8/22/2020 1:20:52 PM
From: pcstel	Respond to of 29986

Ah! The Good Ole Days. From the Q1 2000 Quarterly SEC filings. In February 2000, GTL sold 8,050,000 shares of its common stock to the public under a shelf registration statement. GTL used the net proceeds from the offering of approximately $268.5 million to purchase 1,987,654 ordinary partnership interests in Globalstar. Globalstar intends to use the offering proceeds for general corporate purposes, which may include the acceleration of Globalstar's roll-out through increased support for service provider marketing activities and the funding of promotional discounts; These guys went through money like Drunkin' Sailors. I'll do the math for you. 268.5MM Divided by 8,050,000 shares equals $33.35 a share. Some day. Investors will do the same computations and comparisons for TESLA shares. PCSTEL