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

To: Selectric II who wrote (29867)	2/8/2023 11:10:08 AM
From: Geoff Goodfellow	Read Replies (1) \| Respond to of 29986

tmfassociates.com via twitter.com

To: Selectric II who wrote (29867)	2/9/2023 1:49:58 PM
From: Geoff Goodfellow	1 Recommendation Recommended By Lance Bredvold Read Replies (1) \| Respond to of 29986

The race to space is getting pretty wild EXCERPT: The most interesting battle in the cellular industry is playing out across the sky. Apple, Dish Network, Viasat, AST SpaceMobile and Globalstar are among the many companies beginning to compete against one another in the race to connect mobile phones directly to satellites. If you don't think that's interesting enough, one of the latest skirmishes in this rapidly evolving battlefield involves some of the richest men in the world – Charlie Ergen, Tim Cook, Jay Monroe and, potentially, Elon Musk. At issue in this latest dustup is a loan to Globalstar (Apple's satellite vendor) backed by EchoStar (majority owned by Ergen). And though the details are very much in the weeds, the issues involved are significant. The development also helps to reflect the significant opportunities and challenges involved in the nascent, burgeoning market for phone-to-satellite connections... [...] lightreading.com

To: Selectric II who wrote (29867)	2/10/2023 3:19:07 PM
From: pcstel	Respond to of 29986

Globalstar entered into a Second Forbearance Agreement with Macdonald Dettwiler and Rocket Lab (RKLB) Thales Alenia Space must be thanking their lucky stars they refused to engage with Globalstar again. What horrible management. These guys have never been able to arrange financing on time in the 20 years I have followed it. Never have money to make their payments. Remember, Apple made pre-payments of $75MM to Globalstar for future service. Globalstar used all the money for launch of spare, etc. Apple could cancel the partnership agreement in a day or two due to non-perfromance by GSAT as to the Terms Agreement. If this were to happen. Apple could demand the return of the $75MM in pre-payments which would force GSAT into Bankrtupcy. Apple's easiest and fastest solution is to force Globalstar to allow SpaceX/Starlink to provide the service using GSAT spectrum via Starlink V2.0 satellites acting as a hosted payload. PCSTEL