Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Maurice Winn who wrote (425)	2/20/1998 9:36:00 PM
From: brian h	Read Replies (1) \| Respond to of 29986

Maurice and all, From Readware's comments, "So, if one states Globalstar will earn, e.g., $15/share in 2002, you do not take 29% of that and say that is what the owner of the publicly traded shares gets. His shares get $15/share, just as the shares of Globalstar Limited Partners gets $15/share." He is correct in this calculation for sure. Or an alternative way to do it. Say, G* project earned net of $1.8 billion in year 2002. Total outstanding share for G* project is 116 million. 1.8 billion / 116 million shares = $15.5 / a share. So, every shareholder is entitled to a $15.5 a share net profit. As for 29%, it reflects the number of shares of GSTRF in the relation to the total number of outstanding shares (116 million shares) of G* project. Say, 30.6 million shares / 116 million shares = 26.38 % (the calculation has to include some other diluted shares to reach 29%, I do not have the answer) However, one can also use 1.8 billion * 29% = 522 million (GSTRF's portion of net profit) And, 522 million / (116 million * 29%) = $15.5 / a share Brian H.