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

To: Geoff Goodfellow who wrote (29787)	8/31/2021 6:24:22 AM
From: Jeff Vayda	Respond to of 29986

Jay might be a chess master or scater shot wanna be.....time will tell lightreading.com

To: Geoff Goodfellow who wrote (29787)	9/2/2021 1:42:44 PM
From: Geoff Goodfellow	Read Replies (1) \| Respond to of 29986

This morning, Globalstar filed an 8-K update with the Securities and Exchange Commission, describing the receipt of "an additional advance payment of $37.5 million from a customer on substantially the same terms as the advance payment described in the Company's Current Report on Form 8-K filed on June 9, 2021. Globalstar will use the proceeds from the advance payment to repay a portion of the amount outstanding under its first lien credit facility." Backtracking this vague explanation through multiple filings, we find first that the June 9 payment was also for $37.5 million, and related to "the Terms Agreement described in its Annual Report on Form 10-K for the year ended December 31, 2020." Finally, the 10-K reveals that in February 2020 the company entered into an agreement with "a potential customer" for "assessment of a potential service." Now what Globalstar itself admits (in the 10-K) that none of these payments are (or will be) big enough to be "material" to the business. Nor can they be depended upon to continue in the future, because "the Terms Agreement may be terminated by the customer at any time in its sole discretion." That being said, I have to wonder if $75 million in advance payments really is material to a company that only did $123 million in revenue over the past year. In any case, for the time being and while the payments continue, Globalstar is using them "to repay a portion of the amount outstanding under its first lien credit facility" -- i.e., to chip away at the company's $341 million debt load. At the very least, that's a good thing for Globalstar -- maybe not good enough to justify a 9.5% pop, but less debt is still a positive for the stock. fool.com sec.gov

To: Geoff Goodfellow who wrote (29787)	9/17/2021 1:58:40 PM
From: Jon Koplik	Respond to of 29986

WSJ -- Globalstar shares crash after iPhone 13 reveal ............................................ Heard on the Street Sept. 17, 2021 iPhone Reality Doesn’t Fully Ground Satellite Dreams Globalstar shares crash after iPhone 13 reveal but remain elevated as ‘mystery project’ continues By Dan Gallagher In the satellite world, what goes up doesn’t usually come back down. The same can’t be said for satellite stocks. Apple Inc.’s introduction of the iPhone 13 family earlier this week is a case in point. Late last month, influential analyst Ming-Chi Kuo from TFI International Securities predicted the next iPhone would include the ability to link directly to satellite networks. Mr. Kuo cited Globalstar, which operates a low-earth-orbit satellite network, as a likely partner, sending that company’s shares rocketing upward by 64% on a single day -- at more than 24 times their average daily volume over the previous three months. Rival satellite network operator Iridium saw its shares jump 15%, while AST SpaceMobile’s stock rose nearly 13%. But Apple made no mention of such an ability during its launch event on Tuesday, sending all three stocks back down. But they all remain elevated from their pre-rumor levels, especially Globalstar -- which was up 24% as of Thursday’s close. Mike Crawford of B. Riley Securities notes that Globalstar has a “mystery project” in the works that has so far yielded about $90 million in payments from an unnamed customer. That project, begun in early 2020, involves “the assessment of a potential service utilizing certain of our assets and capacity,” Globalstar said in its last 10-K filing in March. Mr. Crawford doesn’t speculate that Apple is the customer, but he points out that both Apple and Google have intellectual property related to “dual-mode satellite cellular telephone systems.” Still, making an iPhone that can connect to satellites is no slam dunk. Satellite phones typically require large antennas -- presenting major technical and aesthetic challenges for a company like Apple that places a premium on svelte designs. And even coming up with a powerful-enough internal antenna poses real-estate problems within the device itself. Ed Snyder, an analyst with Charter Equity who specializes in radio-frequency chip technologies, said in an Aug. 30 report that putting such a large transmit signal in close proximity to the receive signal powering the phone’s GPS capabilities “is a recipe for problems.” It is unclear if the Globalstar project even involves a phone-based service. And if it does, there is also the question of whether such a move would be worth the extra cost and technical trade-offs. Satellite services are generally used for voice calls in areas without traditional cell coverage. Smartphones, by contrast, are mostly used as hand-held internet terminals, for which they depend on superfast data networks. Also note that Apple hasn’t historically blazed trails in terms of the network ability of its devices. Its first iPhone in 2007 was a 2G device when 3G services were already widely available, and several handset makers launched devices for the newest 5G networks before Apple’s first late last year. Apple could always break from that tradition. And its sharply elevated R&D spending -- up an average of 18% annually over the past five years to its current level of just over $21 billion -- suggests the company has plenty of ideas cooking. But satellite investors will have to wait at least another year to see if the iPhone will hook them up. That may prove to be a long time to keep some of these stocks in orbit. Write to Dan Gallagher at dan.gallagher@wsj.com . . .