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


To: dougjn who wrote (567)3/27/1998 2:26:00 PM
From: Valueman  Read Replies (1) | Respond to of 29987
 
I am looking at a map of the initial 38 gateway coverage. All significant land masses are covered except for a small part of Africa and Indonesia. A ship going from Europe to the US would be covered for the entire journey. There is a hole south of that just west of Morocco, but most of the ocean is covered from there to the Carribean. There is also a small gap between South Africa coverage and Brazil/Argentina. Most of the Indian Ocean is not covered south of a line from Somolia to Singapore. Otherwise, you are covered. Those 38 gateways represent 78% of the business plan and some of those gaps will be filled in later. If you take the total value of the business in those areas not covered, I wonder if it will add up to a $2 billion premium?



To: dougjn who wrote (567)3/27/1998 2:27:00 PM
From: donss  Read Replies (1) | Respond to of 29987
 
Good news, looks like GSTRF share price has found some support. The price bottomed at 65, then at 1:45 it shot up 3 points in a matter of 15 minutes with about 100K shares trading hands.

-Don